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RUN of $2,000,000 In Greenbacks Display Fails Halt Run by Depositors -Bank is Purchased. New York. Jan. of 000,000 in greenbacks and announcement that bank of unquestioned solvency had purchased it failed Monday to stop the $1,000,000 on the Broad way Bank, caused by reports embezzlement by three of its of alleged employes. The $2,000,000 in currency was placed where depositors standing line before the bank's doors could see Purchase of the Broadway the Central Mercantile Bank Bank by Trust announced and Company they shivered the depositors as before the building. But when the bank closed its doors o'clock more than 100 persons their were in line And before that, but subsedeposits. 10 the display and the an quent one of the bank's nouncement, dows was broken by the press of the crowd. Saturday, the first day of the run. withdrawn by anxious $1,000,000 was customers. Yesterday approximately $700,000 was taken out. The Central Mercantile Bank will operate the Broadway Central branch. was announced that the assets and obligations of the Broad been acquired, but Central had way its stock was not purchased. The started Saturday after the of two cashiers and Friday vice president of the bank and the audit State bank ex start of an Police said virtually $100. aminers. improperly withdrawn 000 had been and that this had been from the bank lost in stock speculation.
