Brevoort Savings Bank (New York, NY)

Article Text

Brooklyn Bank Depositors Return With Their Money the Bay Ridge Savings Bank Brooklyn, who became yesterday rumors that there on the bank and thereupon today to put their money By o'clock, 174 old depositors returned, bringing back $9,000 the nearly withdrawn yesterday. They continued coming back throughout

Article Text

DEPOSITORS PUT MONEY BACK IN BROOKLYN BANK

New York. Aug. 16.-Depositors in the Bay Ridge Savings Bank of Brooklyn, who became excited yesterday over rumors that there was run on the bank and started an actual run, began today to put their money back. Although bank officials opened the place at 7:30 today, with extra tellers all prepared to continue paying out, only 20 depositors were on hand to withdraw their money. By m. 174 old depositors had returned, bringing back $9,000 of the nearly $2,000,000 withdrawn yesterday. They continued coming back throughout banking hours.

Article Text

Depositors Rush To Put Money Back In Brooklyn Bank

Associated Press) NEW YORK Aug. tors in the Bay Ridge Savings bank of Brooklyn, who got excited yesterday after rumors that there was on the bank and started an actual run, began today to put their money back. Although bank officials opened the place today, with extra tellers prepared to continue paying only 20 depositors on hand to withdraw their were By 174 old depositors had returned, bringing back the nearly withdrawn yesterday. They continued coming throughout banking hours. Rumors run on the bank, believed have been started by man disgruntled because he was refused loan. were enlarged by report that Dr. Maurice president, was dead. It developed that Dr. Lewis was Connecticut hospital having removed from his neck.

Article Text

Run on Brooklyn Bank Started by Carbuncle

New York, Aug. Associated on the neck of President Lewis started run the Bay Ridge Savings Bank Lewis hospital brought rumors of his before depositors were reassured.

Article Text

RUN ON BANK CAUSED BY REPORT OF DEATH

NEW YORK, Aug. carbuncle the President Lewis on the Bay Ridge bank in Brooklyn Lewis' visit to hospital brought rumors of his and $2,000,000 was withdrawn before depositors were sured.

Article Text

RUN TO CARBUNCLE

By NEW YORK. Aug. carbuncle on the neck of President Lewis started the Bay Ridge Savbank Brooklyn. visit hospital brought rumors of his death and $2,000,000 was withdrawn before depositors were reassured.

Article Text

Bank President Has Carbuncle On Neck; Depositors Start Run

NEW YORK, Aug. 15 (AP).—A carbuncle on the back of the president's neck indirectly helped to start a run today on the Bay Ridge Savings bank in Brooklyn.

Article Text

Carbuncle Starts Run on Bank in Brooklyn

New carbuncle on the neck of President M. T. Lewis start. ed a run on the Bay Ridge Savings bank in Brooklyn, Lewis' visit to hospital brought rumors of his death and $2,000,000 was withdrawn before depositors were reassured.

Article Text

more than 1,500 of the bank's withdrew their counts. Early estimates between $4,000,000 and $5,000,000 had been withdrawn today and the total estimated at almost 000. Detectives under direction of Capt. John Ryan of the 10th Inspection District and ten private detectives tracing the originators of the false reports. Other Banks Help In the meantime, each of the 25 savings banks in Group V. comprising the Long Island and Staten Isldistrict, pledged full confidence in the Bay Ridge institution, while $3,000,000 in cash was delivered to the bank yesterday from other institutions, more, due the Bay Ridge Savings Bank. ready in other institutions to be rushed to the bank needed. The peak of the run was reached yesterday at noon when 1,200 persons were line. Appearance of Maurice Lewis, president. falsely reported dead: the pleas of to their money remain in the sight millions carted into the institution: the of Joseph Broderick, State Superintendent of Banks, giving assurance of solvency: had the proper effect and at closing time there were fewer than 200 in line. Many Reopen Accounts Many who had withdrawn their savings returned before the day was and reopened their accounts. One man and his wife, who with. drew their deposits just o'clock, experienced change of mind before they left the building and asked the paying teller they might redeposit the money. They were told to turn after o'clock today. Although not confirmed, there report the original rumors based statement disgruntied man attempted to get loan of $16,000 on his home valued at $10,000. He said to have gone into nearby speakeasy and passed the afternoon in drinking and talking, declaring the bank unsound, that no money loan on good curity and that Dr. Lewis dead. Dr. Lewis at Lake resting after minor operation for removal of carbuncle. When the report of his death came his ears, Dr. Lewis returned. arriving late Wednesday. He was his desk early yesterday seeing the crowds about the doors, ordered the bank to open hour and quarter before the usual time. James president of the Fort Hamilton Savings Bank, business rival, visited the Bay Ridge yesterday at the height of the and opened personal account $1,000. At his bank. former customers of the Bay Ridge bank were told to put their money back their institution. Prospective customers of department National Bank, which branch street the Bank, were treated president Lewis deposit disposal bank said another $100,000 available him the sufficient cash available for all mands.

Takes Hand The Carol Norwegian lobby and made alone. comnight affair. against interest

MAID HELD IN KILLING colored the

Article Text

Carbuncle Sends Official to Hospital and Rumors Follow. NEW YORK. Aug. 16. carbuncle on the neck of M. Lewis, president, started run the Bay Ridge Savings Brooklyn. Lewis' visit to tal brought rumors of histide and $2,000,000 was withdrawn fore depositors were reassured.

Article Text

REDEPOSITS ON BANK than the bank's more depositors withdrew their counts. Early estimates between and had been were corrected today and withdrawn the total estimated almost under direction of Capt John Ryan of the 10th Inspection District and ten private detectives tracing the originators of false reports. Other Banks Help In the each of the banks in Group comprising the Long Island and Isl. and district. pledged full confidence the Bay Ridge Instituwhile in cash was delivered the bank yesterday from other institutions. $11,000,000 due the Bay Ridge Savings Bank. other Institutions to be rushed to the bank needed. The peak of the run was yesterday noon when perwere line. Appearance Maurice Lewis, president falsely reported dead: the pleas merchants let their money remain in the sight millions being carted into the Institution: the letter of Joseph Banks, giving assurance solvency all had the proper effect and closing time there were than 200 line. Many Reopen Accounts Many had withdrawn their savings returned before the day was reopened their accounts. One man and his wife, who withdrew their deposits just experienced change mind before they left the building and asked paying teller they might redeposit the money. They told to after o'clock today. Although confirmed, report original rumors were statement loan his home valued He said gone into and passed the nearby drinking talking the bank that money loan on good that Dr. Lewis was dead Lewis Lake Placid resting after minor removal the report his death came to his Lewis arriving Wednesday He at his desk early seeing crowds about doors, bank to hour and quarter before the time James president Hamilton Savings rival. visited the Bay Ridge the height of opened personal account his former the Bay Ridge their money back institution Prospective customers of the department National Bank Duffy. president masons another available for

Clergyman Takes Hand Peterson lobby and begged largely made their money Broderick resulting in depositors

MAID HELD KILLING

Article Text

BOIL ON NECK CAUSE OF RUN

Depositors Get $2,000,000 But Precaution Saves Big Institutions

NEW YORK Aug. 15- P-A the day the Bay Ridge Savings bank in depositors rushed the place before they had quieted sheepishly had gone and reopened they had $2,000,000 In Hospital Several Maurice T to have carbunck the back neck False rumors were circulated that dead and that run the bank. Rumors In addition of the bank said man who had tried $16,000 on only $10,000 and money because heads of the The head moned Dr. Broderick wrote in bank found (Continued on Page

Article Text

GOSSIP CAUSES 1200 TO JOIN RUN ON BANK

BROOKLYN, N. Y., Aug. 16. disgruntled Norwegian whose gossip in a speakeasy caused 1200 epositors to storm the doors of Bay Ridge Savings bank for their money yesterday, was sought by police and bank detectives today. Refused a $16,000 loan on a $1000 house, he is said to have told riends in a speakeasy that the Bay Ridge Bank was unsound. A report that the bank's president Maurice Lewis, had died also was irculated widely. The Bay Ridge institution which as built up deposits of 31,000,000 nostly with a Scandinavian clienele, was the scene of a great run hen the gossip spead. All receivng tellers switched to paying ages as depositors crowded into he institution. Armored trucks rought $3,000,000 cash from othbanks. Twenty-six banks pubshed notices advising depositors ot to withdraw their funds from he Bay Ridge institution. Leaders the neighborhood mounted tales in the bank and advised deositors to leave their money here it was drawing interest. Finally the crowd left, and toay business at the bank was reorted "as usual."

Article Text

Carbuncle Starts Big Run on Bank

New York, carbuncle the neck President Lewis started on the Bay Ridge Savings bank Brooklyn. Lewis' visit hospital brought rumors his death and was withdrawn before depositors were sured.

Article Text

RUN ON BANK

Brooklyn, N. Y., Aug. 16, (UP)—A disgruntled Norwegian whose gossip in a speakeasy caused 1,200 depositors to storm the doors of the Bay Ridge Savings bank for their money yesterday, was sought by police and bank detectives today.

Article Text

farm prayer and thing than an of Byrd the his for after Byrd Wiregrass Farmer at Ashburn to The celebration is going be one of the big events of the year in Cordele and Valdosta is going to be well represented.

REDEPOSIT CASH New York. Aug. 16. positors in the Bay Ridge Savings bank of Brooklyn. who got excited yesterday over rumors that there run on the bank to and thereupon started an actual run, began today to put their money back Although bank officials opened the place at 7:30 a. m. today, with extra tellers prepared to continue paying out, only 20 depositors were on hand to with draw their money By 9 m. 174 old depositors had returned. bringing back $9.000 of the nearly $2,000,000 withdrawn yesterday.

Article Text

CARBUNCLE STARTS RUN ON BANK IN BROOKLY NEW YORK, Aug. 16-A carbuncle on the neck of President M. T. Lewis started run on the Bay Ridge Savings Bank in Brooklyn. Lewis' visit to hospital brought rumors of his death and $2 000,000 was withdrawn before depositors were reassured.

Article Text

CARBUNKLE STARTS BIG RUN ON BANK

NEW YORK. Aug. 16. carbunkle on the neck of President M. T. Lewis started run on the Bay Ridge Savings Bank in Brooklyn. Lewis' visit to a hospital brought rumors of his death and $2,000,000 withdrawn before depositors was were reassured.

Article Text

DEPOSITORS RETURN AFTER RUN ON BANK

Begin Putting Money Back In Brooklyn Institution As Rumor Is Discredited

NEW YORK, Aug. 17 Depositors in the Bay Ridge Savings bank of Brooklyn, who became excited yesterday over rumors that there was a run on the bank and thereupon started an actual run. began today to put their money back.

Although bank officials opened the place today prepared to continue paying out money only 20 depositors were on hand to make withdrawals. Within an hour and a half 17 old depositors had returned, bringing back $9,000 of the nearly $2,000,000 withdrawn yesterday. They continued coming back throughout morning hours.

Rumors of a run on the bank, be lieved to have been started by a man disgruntled because he was refused a $16.000 loan on $10,000 collateral. were enlarged by a report that Dr. Maurice T. Lewis, president, was dead. It developed that Doctor Lewis had been in a Connecticut hospital having a carbuncle removed from his neck.

Article Text

PROBE TO FIND BAY RIDGE BANK RUN GOSSIPER

Depositors Are Summoned in Quest for Rigid Prosecution Pledged.

District Attorney Charles S. Dodd today that had summoned number depositors of the Bay Ridge Bank to appear morning and tell what they can the rumors that led the recent on the bank. Dodd said he hopes to trace dow! the author the rumor in this way and obtain evidence of criminal act which will lay before the Grand Jury. Definite ending of the "run" was indicated the bank opened for business this Officers said that only two persons waiting the Much of the money withdrawn Thursday came back yesterday. but officers the amount could definitely fixed, since was impossible segregate redeposits from regular business Apparently the only loss resulting the of interest the those who withdrew part their deposits. They will lose the interest three months what timated drawals. Dodd's follows: spread false and baseless that especially cruel cause the wrong did upright, hard-working people. Bay Ridge Savings the financial well sufferers this rumor the their money, the interest which they worked accumulate. for the covered by for which Nothing will be left reveal rise found will to the limit of the