Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1914-02-13
Numerous Howard Depositors
Return Money Drawn After
Statement Today.
ONE WOMAN RETURNS
WITH DEPOSIT OF 81, 900
President Dennis Says Every
Dollar Can Be Returned-Po-
lice Caution People.

teller After they had the money In
their hands the depositors appeared
to realize the danger of walking about
/ the street with such sums and were
eager to place the funds with the
bank again.
Some deposits left the actual care
or the bank for only five minutes. But
| the Wavering ones lost the interest on
their money in that few moments.
Samuel S. Dennis, president of the
howard Savings institution, issued
statement today This statement fol-
lowed meeting of the finance com
mlttee of the institution and had a
reassur1ng effect on the depositors
/ when the force of 1t was driven home.
Mr.. Dennis said:
Every man, woman or child who
has money in this bank will receive
dollar for dollar. whether this run
continues two days or three months
longer.
During the last fifty-six years this
! institution has never required any
one of its depositors to wait one day.
| This custom, carried out in the past,
holds good today"
To aid those who care to withdraw
their money Mr.. Dennis has clerks
going in and about the crowds assist
ing them by taking the numbers, thus
saving time when the paying teller's
window is reached.
The meeting of the finance COM
mittee was attended by the following
officials; Samuel $. Dennis, presi-
dent; Frederick
Frelinghuysen, of the board of man
ayers; William T. Carter, second vice
president: A. Pennington Whitehead,
of the board of managers, and wy
nant d. Vanderpool of the board of
managers.
There is only one solution for a
problem like this" said Treasurer
! Alexander s. Ward after the meeting
THE majority of the people who are
drawing their money out, in fact 95
per cent. of them, will tell you that
the only reason for their action is
because they heard rumor
IF the deposltors would only stop
to examine their bank books and re-
alize the strength of this Institution
| by the men who comprise its officials
and directorate, they would laugh at
the rumor. However. they won't stop
| to think of anything else but getting
their money and the only answer is
| give them all their books call for !"
As an instance of the manner in
which people are redepositing, tho
case of Mrs. Mary McCann, of West
Kinney street. is cited. On Wednes-
day Mrs. McCann, who is eighty-five
years old. came to the bank and drew
$1,000. One of the first to enter the
bank this morning was Mrs. Mccain.
Instead of making her way to the
paying teller's window she went
straightforward to the receiving teller.
In a large envelope Mrs. Mccain
had the same $1,000, which she rede-
posted At first it was thought that
she lost thousand dollar bill. This
was afterward found by Captain NJ.
j. Ryan in another large envelope.
| 1t was a reassuring sight as the old
woman wedged her way among the
| frightened foreigners and told them
how sorry she was that she had with
| drawn her money.
Mrs. Mccain told them that she
had not slept one bit since the time
she withdrew her savings. Mrs. Nc
| Cam declared that she acted on the
| impulse of the moment In withdraw
| ing but now declared that the bank
was saft. This is only one instance
of those who are redepositing.
Shortly before IL o'clock Captain
Michael J. Ryan, of the First precinct,
had his right leg bruised in handling
the crowds coming through one of
! the main doors. About this time the
side door was opened as means of
exit and those on the outside believed
this signed to go forward. Captain
Ryan jumped with dozen of his men
and in short order restored quiet
among the foreigners.
So as to maintain order in front
of the building, Captain William
Stucky and Sergeant Shriner were in
charge of the reserves stationed along
the curb.
Captain Ryan stated that the police
had big task on their hands, as he
was of the opinion that crooks from
all parts of the country upon learning
of existing condition would flock to
the place.
When the doors of the bank were
thrown open at $3.50 o'clock this morn
ing about two hundred women, mostly
foreigners, clamored for admittance.
The place was patrolled by policemen
and many detectives, who were look
ing for pickpockets. Order reigned
from the start. Although the greater
number of those about the institution
were waiting to draw their money,
yet there were almost as many who
were depositing money.
Many of those in line early this
morning were from the suburbs.
When asked why they had come to
take their money from the bank, they
answered that they had been told by
telephone and through newspapers
that a run was on the bank
IT. was also rumored this morning
about the place that many of those
residing in and about Newark re-
ceived letter yesterday advising
that the money be Withdrawn at once.
AS the foreigners enter they are
looked over b ythe detectives, so that
crooks and pickpockets cannot enter
unobserved. Many of the women who
withdrew several hundred dollars
were cautioned by the police to be
careful of their money.
Detectives advised that those who
placed their money in handbags
should not carry them by the Handle,
fearing pickpockets.
When many of those in line were
assured by the patrolman that the
bank was sound they went their way,
allowing their money to remain in
tact.
Eduurd Ma0.fire CarsOuSIv