Pine Bluff daily graphic., 1914-06-09
"RUN" ON BANK
 0F PINE BLUFF Gossip Creates Apprehen- sion Among Small Deposi-
 tors of Institution.
MEETS ALL DEMANDS
Every DepOsit0r Who Sought to With- draw Funds Yesterday Paid in Full-Deposits of Day Exceed
 Withdrawals by $l4,is6.

something of run yesterday, but met every demand and even kept open until the sun went down to give all timid ones a chance to withdraw their deposits. At the close of the days business, Cashier w. c. Hudson scanned the books and announced that the deposits for the day had ex- ceeded the withdrawals by $14,4S6.53. at the disposal of the Bank of Pine Bluff by other banking institutions and by the Pine Bluff Clearing House association, which sent over $10,000 after a meeting at which it was un- animously decided the Bank of Pine Bluff was entitled to any amount needed to pay off depositors.
 Idle Rumor Starts Run.
 An idle rumor, which seems to have | been spread Sunday. is said to have | been responsible for the run" Ac- cording to some who were advised to withdraw their funds, the rumor was to the effect that an official of the bank had gone crazy" In it's trans mission the name of another institu 1 tion was involved, and the officers of this bank were called upon Sunday by several friends who desired to know If there is anything in it." They were treasured, and that it ended it in solar as this bank was concerned. But not so with the Bank of Pine Bluff. The rumor as to this institution was so persistent that it's officers learned of the tale and realized what might happen. Knowing that the best way to dispel alarm was to meet any de- mand, and, realizing that the bank could do so easily, the necessary money to pay dollar for dollar of every depositor was procured.
 The expected happened. When the bank opened it's doors yesterday there was a crowd on hand with their de- post books. Most of these people having small deposits. Many were Italians.
 Banks Send Thousands.
 When the other banks in the city learned of the situation, they hurried to the support of the Bank of Pine Bluff showing by their attitude they had the utmost confidence in the solv- ency of the institution. M. B. Bloom, manager of the Pine Bluff Clearing House association and cashier of the Citizens bank, hurried over with $3O,- 900 in cash which he placed at the dis posal of the Bank of Pine Bluff. Mr. Bloom made a short talk to those as sembled, assuring them there was not the slightest cause for alarm; that the Bank of Pine Bluff was in good shape and none need Tear losing one cent
 The Cotton Belt Savings Bank x Trus' Company sent over $20,000, and Presl- dent S. c. Alexander of the Merchants & Planters bank loaded so mucl } money on wheelbarrow that tho Irish auto collapsed. President Alex ander also addressed the little knot ol depositors at the Bank of Pine Blum declaring that the bank was entlrei! solvent and could obtain all the money it desired.
 } Business Men Not Perturbed. 1 Many of the merchants and business men in the city displayed thelr cohii' l, dence in the institution by opening ac' counts with large sums, ana those business men and merchants who are !, regular patrons of the bank made ) their usual heavy Monday deposits l yesterday, indicating they were not al . all perturbed. e,,,, ouor
 At noon the run was virtually over All who had sought to withdraw 'hei' deposits were paid in full. AIter see inc the large volume of money on tnt counters in the bank, many Who cam to ask for their deposits failed to dt so and left the institution satlsile' that it. was more safe there than else
 where. During the afternoon. man.
 who had taken their money out durln'
 the run. came back and agaln place' | it on deposit in the bank.
 As soon as it was discovered that
 run was being made on the Dank
 Cashier Hudson had large sls
 nainted. which informed the patron
 that inc bank would be open untl
 sundown. IL, ,ton
 After working hours at the shop
 yesterday afternoon, many or the me
 who carry accounts with the Danf Il made a mad rush to the institution hu+ after arriving decided to let tnel n accounts stand.
 ii l. s. Mcdonnell, the new preslaer T e of the bank, who succeeded W. r Haarn now vice president, about te c davs ago. states that all of his assets
 more than s5OO,OO0, are back Of tni
 hank This, with the other asse. y nake the bank unusually strong all A +hare is no doubt but what many "n
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