Article Text
POLICE CALLED OUT BY RUN ON NEW YORK BANK Depositors, Mostly Foreigners, Paid in Full; Excited Throngs Gather NEW YORK, Dec. 10.-(P)Thousands excited depositors congregated at eight branches of one the smaller organizations of the city tonight, reassuring statement from the New York fed. eral reserve bank and the Wall street banking fraternity was expected momentarily. Police called upon to handle and had their most serious problem at branch the Bronx, where throng collected demanding their funds before the bank's closing time at o'clock. those who were able to get inside closing were paid in full. Most of the depositors gathered the other branches after they had closed, but the early comers were paid in full. These banking offices were branches of the Bank the United States, which has no connection with the government, despite its name, and which specializes in serving small depositors, many of whom do not speak English. Many of those who clamored for their money were of foreign extraction The Bank of the United States is not Wall street institution, but was learned the most powerful financial interests acting the nervousness which developed among its depositors, The branches affected were in widely separated parts of the citythree in the Bronx, one in upper Manhattan and four in Brooklyn. DEPOSITORS CLOSE BANK GREENVILLE, C., Dec. National of Greenville failed open for today, its placing a notice on the door saying heavy withdrawmade the action necessary for of depositors. bank, capitalized at $100,000, had deposits of $1,021,222 on Sept. 24, the date of its last public statement. TOWN WITHOUT BANK AYDEN, N. C., Dec. The First National bank of Ayden closed today, following heavy withdrawal of deposits during the morning. Ayden was left without banking facilities. CLIO BANK CLOSED Dec. 10. Peoples bank of Clio failed to open today and was placed in the hands of state Bank Examiner Albert Fant. Failure to collect notes and indebtedness assigned as reasons for the action. The bank has closed once before and paid one hundred cents on dollar. The amount on deposit could not be learned.
