1.
August 15, 1929
Brooklyn Eagle
Brooklyn, NY
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FALSE REPORTS LAUNCH RUN ON BAY RIDGE BANK
Money Rushed to Scene to Halt Withdrawals. Hunt Rumor-Monger.
False reports of "run" on the Bay Ridge Savings Bank, 5th ave. and 54th st., which have been circulated maliciously for the last few days, caused real "run" this morning when about 2,000 depositors, mostly women Norwegian, Swedish and Danish swarmed the bank to withdraw their money. In anticipation of such crisis, the bank had employed nine additional paying tellers, bringing the total of paying tellers to 17. Before each of the 17 tellers' windows long line of depositors stretched across the bank, while reserves from the 4th ave. police station maintained order in large crowd that gathered outside. When the bank closed at 3:15 estimated between $1,000,000 and $1,500,000 had been withdrawn by 2,000 depositors during the was the bank would open at the usual time morning and had plenty of money to pay off depositors who wished to withdraw.
$14,000,000 Received.
Dr. Maurice Lewis, president of the bank, and the other officers and directors circulated among the excited depositors, assuring them that everyone could get his deposits if foolish enough to make the withdrawals. As the run Dr. Lewis at noon that $14,000,000 in cash had just been received from the Brooklyn Trust Company. Inspector John Sullivan is attempting to locate the person or persons responsible circulating the false reports. District Attorney Charles Dodd promised prompt and said he would that the penalty "be the limit provided he law." In addition to city detectives. Dr. Lewis has engaged private detectives for the
President Reported Dead. The first effects of the false reports were felt last Monday when an anusually large number women appeared to make withdrawals. The number yesterday. Offi-
Please Turn to Page 34.
2.
August 16, 1929
The Duluth News Tribune
Duluth, MN
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arbuncle on President's Neck Starts Run on Brooklyn Bank carbunback the helped to start Bay Ridge Savings bank depositors rushed before they had before some had gone their accounts drawn out Dr. Maurice went to hospital the neck. were circulated that he was dead and that his had caused the Rumors of run started the bank. a actual run. In addition, officials of the bank said man who had tried today, on only $10,000 collateral, went to nearby speakand said he had been unable easy to get money because the bank any short of funds. The heads of the bank heard about the rumors of run several days ago. To head they summoned Doctor back (Continued on page column 2.)
3.
August 16, 1929
Daily Sentinel
Rome, NY
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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
4.
August 16, 1929
Wilkes-Barre Times Leader
Wilkes-Barre, PA
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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.
5.
August 16, 1929
News-Press
Fort Myers, FL
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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.
6.
August 16, 1929
Great Falls Tribune
Great Falls, MT
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CARBUNCLE STARTS BANK
New York Institution Prefor Rush and pares Meets Situation
NEW Aug. buncle the the president's neck helped to run the Bay Ridge Savings bank in thousand depositors rushed Two into the place and before they had quieted before some rather sheepishly, had come back reopened their they had drawn out $2,000,000. Several days ago Maurice went to hospital president, in Connecticut have from the his neck. that False and that his death had he dead, the Rumors caused on started the bank In addition, had tried bor$10,000 collatonly to nearby speakeasy and went said he had unable to any the bank short money of funds. bank's officials Being warned, the about methodical way rush. They hired take care tellers, making total extra stationed attendants the They door hand And they brought depositors. from Brooklyn in truck pany had there. they to keep the Police milling crowd order. of the tellers had window to receiving winpaying While the was at its height run the vicinity refused other that had accept for deposit money been drawn out of the Bay Ridge bank. The bank's resources total 000, and had $1,370,000 surplus.
7.
August 16, 1929
Lincoln Journal Star
Lincoln, NE
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BANK IS QUIETED
Started by Untruthful Rumors, and Every Demand Promptly Met. NEW carbuncle on the back of the president's neck indirectly helped to start run Thursday on the Bay Ridge Savings bank in Brooklyn. Two thousand depositors rushed into the place, and before they had quieted before some of them. rather sheepishly. had gone back and reopened their -they had drawn out $2,000,000. Several days ago Maurice T. Lewis, president, went to hospital in Connecticut to have carbuncle removed from the back of his neck False were circulated that he was dead and that his death had caused run the bank. Rumors of a run started the actual run. In addition, officials of the bank said Thursday, man who had tried to borrow $16,000 on only $10,000 collateral went to nearby speakeasy and said he had been unable to get any the bank was short of funds. The heads of the bank heard about the rumors of run several days ago, To head It off they Dr. Lewis back by wire and appealed to Joseph Broderick, state superintendent of banks. Broderick wrote letter in which he stated that bank had found the institution to be in excellent condition, and the bank officials posted
8.
August 16, 1929
Daily News
New York, NY
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Thousands Storm Bay Ridge Bank
Big Run Weathered As Cash Is Rushed To Meet Payments
By LORIMER McLAREN.
Frightened by disturbing reports concerning the Bay Ridge Savings bank, 5325 5th ave., Brooklyn, and the spectacular crashes of several similar instiutions lately. thousands of depositors in the Kings bank withdrew their savings yesterday. But, unlike the disastrous failures of the Clark brothers and the City trust company, the Bay Ridge institution stood up stanchly under the attack, aided by a dozen different savings banks. Officials of the Bay Ridge bank surprised the depositors when they announced that the double force of paying tellers would stay on duty until 4:30, instead of 3 p. m., and that during the course of the run the bank would be open at 7:30 a. m. Dr. Maurice T. Lewis, president, and Peter P. Smith, trustee, circulated through the crowds, which were kept in order by police reserves from the 4th ave., Brooklyn, station, and quietly argued with depositors, assuring them that the bank's position was sound.
Money Cars Stop Many. When the milling thousands saw armored cars draw up to the bank and their crews carry in heavy money bags, hundreds changed their minds. The cheerful attitude of paying tellers further reassured them, and many, when they reached the windows, turned away without taking out their money. Posted prominently on the walls of the institution were copies of a letter from Joseph Broderick, state superintendent of banks. declaring the bank to be solvent and in good condition. Dr. Lewis said the institution has 74,000 depositors with $30,000,000 in the keeping of the institution. The bank has $14,000,000 in cash on deposit in various Brooklyn banks and has, in bonds and other negotiable paper, more than enough to meet the demand if every penny were withdrawn.
Loan Report Blamed.
The run started, it was learned, as a result of reports which have been spread during the past two weeks through the district. According to one story a man who tried unsuccessfully to borrow $16,000 on a $10,000 home began the reports. Bank officials hoped, as the day grew to a close, that tomorrow would find the run dwindling. The fact that in the afternoon there were an increasing number who changed their minds when they reached the tellers' windows indieated their hope would be realized. A branch of the National City bank. across the street, showed clearly the helpful attitude being taken by the fellow bankers of withdrawn from the savings bank the Bay Ridge. Deposits of money were flatly refused.
9.
August 16, 1929
Passaic Daily Herald
Passaic, NJ
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Depositors Put Money Back in Brooklyn Bank After Run Yesterday
New York, in the Bay Ridge Savings Bank of who got excited yesterday over rumors that there was run the bank thereupon started an actual began today to put By 174 depositors had returned. bringing back the nearly $2,000,000 yesterday They continued coming throughout banking hours Rumors run on the Bank believed have been started because refused $16,000 loan enlarged port that Dr. Maurice dead. developed that Dr. Lewis Connectihaving moved from his neck.
The veteran the Battle Manila yielding to torch the junkman Astoria, Ore.
10.
August 16, 1929
The Brooklyn Daily Times
Brooklyn, NY
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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
11.
August 16, 1929
The Brooklyn Daily Times
Brooklyn, NY
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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
12.
August 16, 1929
Appeal-Democrat
Marysville, CA
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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."
13.
August 16, 1929
The Valdosta Daily Times
Valdosta, GA
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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.
14.
August 16, 1929
The Guthrie Daily Leader
Guthrie, OK
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Carbuncle On Banker's Neck Starts Brooklyn
(By The Associated Press) NEW YORK on the neck of President Lewis started il the Bay Ridge bank in Brooklyn visit to hospital brought rumors people at one time, feet for each customer
BEST OF Utah has public school system as fine as any in the Union There are in Utah now twenty times as many high schools as there were in Fewer than three of every people in Utah are illiterate Also and finally. Utah has the largest known dinesaur deposit in the world. Brigham Young's temple possesses an organ so deep and that it's would make you melancholy your happiest day. should see Utah, Salt Lake You Salt Lake really pails filled with water you get four one full of his death and $2,000,000 withdrawn before depositors were
CHATTANOOGA Tenn The oldest compact extant believed be in of Captain H It dates back to the be and Miss Bearskin used about the same equipment as her flapper sister except there was DO mirror farm found large poster bearing copy of the Lord's Prayer three barrels of mash and another with the Twenty Third over the
BOSTON much of good fishing trawler on the
Gorges Bank after nothing more befty than full grown cod. enmeshed an adult whale. The trawt of the cruise
ROOSEVELT their close up an airplane. 32 blind boys visited this for the sightless they had in they were brought to obtain through as close approas possible of the visual Each was allowed to plane and the con-
NEW YORK Commander Dick Byrd in the has radioed Edgar Allan Poe society here his agreement to "name for Poe if there anything left after the long list now Byrd said he would first commem-
15.
August 16, 1929
Medford Mail Tribune
Medford, OR
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False Report of Bank Run Starts Real Bank Crash
NEW YORK Aug. False rumors that there run on the Bay Ridge Savings bank in Brooklyn today started an actual run on the bank. and by noon hundreds of depositors had rushed in to draw out their money. Warned in advance by the false rumors, officials had time to prepare In big armored truck they brought over in cash they had in the vault of the Brooklyn Trust company and they hired nine extra tellers, making total of 17, to take care of the crowd. The 17 tellers handed out money as fast they could.
16.
August 17, 1929
Drumright Weekly Derrick
Drumright, OK
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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.
17.
August 17, 1929
Brooklyn Eagle
Brooklyn, NY
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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
18.
August 17, 1929
Brooklyn Eagle
Brooklyn, NY
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had DODD PROBE pleted. they fliers for TO FIND BAY RIDGE ney. RUN GOSSIPER CAPTAIN INJURED
Depositors Are Summoned in CIGAR CAUSES Quest Rumor-Monger. Rigid Prosecution Pledged.
District Attorney Charles S. Dodd today that had summoned number depositors of the Bay Ridge Savings Bank appear office Monday morning and tell him what they can of the rumors that led to the recent unwarranted the bank. Dodd said hopes trace down the author of the rumor in this way and to obtain evidence of criminal act which he will lay before the Grand Jury Definite ending of the "run" was indicated when the bank opened for this Officers that only two persons waiting at the window. Much the money on Thursday back yesterday, officers pointed out the amount could not be definitely fixed, since it was segregate redeposits from regular business Apparently the only loss resulting from the run loss of interest on the part of who withdrew their deposits. They will lose interest for the current three months somewhat $20,000 timated of $2,000,000 drawals. Dodd's statement follows: who spread that false and baseless crime that was especially cruel because the wrong did to many upright, hard-working people. Bay Ridge Savings one the financial institutions and well managed. The this were who, through the their money, lost the interest which they had worked accumulate. "The responsible for the that by law which provided. Nothing will be left the one who rise the and if he out, prosecuted the limit the
19.
August 23, 1929
The Brooklyn Daily Times
Brooklyn, NY
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Suitor Kills Girl and Himself Inflamed by Her Cooled Love
Poughkeepsie Baker Lost Affections of Edith Clum When She Moved to Brooklyn.
Friendship for a young with city manners that made her former sweetheart seem dull, caused Edith Clum, of 477 Clinton st., to break her engagement to Paul Larsen, 23, Dane, who worked as a baker in Poughkeepsie. But Larsen. set in his ideas. last night balanced the scales, he thought. by killing Miss Clum and FINDS then sending bullet his own brain as the girl lay dying on the floor. Miss Club taken to Long IslRUN ON BANK College Hospital but only lived after arrival. Lardeath was Larsen. who 23, fell in love with the Edith when he was Rumor, Which Started in July, boarder parents' home Renewed With Success, Poughkeepsie He gave the girl ring and they planned to be married some Says Official. time Then to Copenhagen to his family June While in The recent run on the Bay Ridge Denmark he received letter which Savings Bank the result of broke their same deliberate plot, originating more than ter that taken from Edith's month according stateelenched hand she died last night. ment today by District Attorney
Final Letter The letter read: "Dear Paul: "Just few lines let know am K. am all through have new boy friend. am very sorry to tell you. have seen you for 80 long that lost all my love for you. Well. have more so close. sending you back picture. Please send mine. Larsen over the jilting but returned to job Poughkeepsie bakery. never once trying to communicate with Edith. From former friends of the girl. who had moved to Brooklyn her family last April, Larsen heard reports on Edith's new simply called He at work in Poughkeepsie early yesterday morning. chatting and joking with his brothers, Fred and Einer. They did not know planned coming New York. But o'clock yesterday he peared at the Clum apartment on Clinton Mrs. Minnie Clum, the mother. welcomed him. Edith had not returned from work, and Laraccepted Mrs. Clum's invitation He seemed depressed. Mrs. Clum later told police. and appeared to drinking At o'clock Edith arrived from her work the Mighty Fine Products Co., st. and Third ave. She greeted Larsen coolly and he asked her step the parlor Mrs. Clum busy her kitchen. other and sisters of Edith playing about the Presently there An instant later Larsen came into the kitchen. In hand he held the smoking calibre have you Mrs. Clum cried tried kill Larsen said and then
Mother Catches Slayer Mrs. Clum caught him the street Her cries attracted and while they running up Larsen broke free and ran back the house. There another report and found Larsen lying on the floor beside the body of the girL bullet had penetrated his brain. John McGovern station Dr. Kunzrock of Long Island College Hospital took the girl to the hospital. She died shortly after arrival Appearing the verge of lapse, family and the Larsens had been friendly for years and that Paul visitor. He had been attentive an older sister Edith. she said but the family did not he marry. and his attentions were discouraged. When the affair with Edith began bud she young no particular attention was paid untill matters assumed serious turn. Both bodies are Kings County Hospital. and no funeral arrangements been made. At the hospital said brother route from Poughkeepsie to claim the body of Larsen. That Larsen coolly planned the double killing letter his brother Rey in Dear Brother: Open my suit you find for you good give the others out the names.