The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-31
BANK FIRM UNDER
SECOND DAYS RUN
Detectives Seek Gossip That Led
to Scnselcss Punic Among
DepOsitOrs.
PRIEST REASSURES CROWD
Vincent AstOr and Others Offer
Aid. but Trustees Say
Funds Are Ample.

ueteCtlNe agency mas DSen
engaged by the Bank for Savings.
Fourth avenue and Twenty second street.
TO get at the cause for the senseless
run. which was nearly twice as grca,
yesterday as on Thursday. The detec-
ives questioned those in line trying to
trace the gossip back to its source
Ruinors of carefully planned con
sp'racy to start the run have reached tho
ears OF the bank officials. but President
Walter Trimble in whose hands the
board OF trustees has left the investiga-
ton. doubts their authenticity. He still
believes that the run started through the
ignorance of some Of the banks servant
elrl depositors who saw a crowd lined up
10 have January interest entered in their
passbooks.
Three thousand dcpositors drew out
about sl,250.000 yesterday. The bank
kept open until . O'Clock, although the
regular closing time is O'Clock. and
large force of extra tellers and clerks
was there 10 handle the crowd. When
the late closing time came all those In
the line were taken into tho bank and
paid.
The total amount of the banks depos-
its was s9.,l59.s6s.6I. OF this amount
u little over was paiu out dur
ing the run OIL Thursday and Friday.
AZ this rate IL will take the bank about
three months TO pay all its depositors.
The trustees. however look for All abate-
nent OF the scare to-day.
President Deplores scare.
President Trimble gave out the follow
ing statement just before the bank
closed yesterday:
OF n NJ Inn
OF the situation not only from the stand
point of the bank but from that OF the
depositors themselves. who. through some
idle rumor. temporarily lost their conf
dence In Our institution. These mis-
Guided persons have not only withdrawn
their money but have lost their inter-
cat which. as whole. amounts to sew
orsl thousands OF dollars.
u have felt to-day that the tide was
turnlng-in fact. many of our depositors.
on being assured OF our solvency. have
gone on their way with renewal of
confidence and with a continuation of in
ierest bearing deposits
"Many of the depositors in line to-day
did not draw out their money. but desired
simply to have their interest money en-
tered IN their books. Others wanted to
draw out money to meet present needs. So
far as possible we facilitated matters by
accepting and receipt!ng for pass books
IN which the interest will be entered.
after which the books will be mailed 10.
their owners.
81 am convinced that the so.ca,,ed run
IS on the wane. and that by Monday con-
uit'ons VIII Do normal. mis- whole az
far gives Nivid Illustration OF what can
happen on no other basis than Idle Sos-
SIP
Priest Take With DepOsitors.
a, ,,,,.,-.,,.. ,.,o..,,.. .,. -. ,,.
% a,,.,' ~ -. ~ vas mau. e
a.. ,,a ~ !
,rs'a p tesep"oneu ior ra'ner
~, no' asn na'i! or 81, tNi Ho'ha,i St'h
VIZ Inulen IN iWeil'n street MOST OF
nc nc aepos; ,,o are Oh that iaith, ana
rresluehl lriinole wanted rather Barry 1
feassure the crowd. Father Barry
ven a'iiohs the peopie anu 'olu theih
ne couia Nouch TOT the safety II theif I,
money. lie" We're convinced ana went
away out the greater number remained :
president Trlmole himself went among /
the depositors This bank Is absolutely |
SAFE. he told them. This run IL sense .
less. You Will all get your money and .
we are not going to fall"
As each depositor entered the bank |
yesterday he received q statement from /
George Z. Van Tuyl. Jr.. State Supern- /
tendent OF Banks. saying that the Bank |