af51c541Accommodated withdrawals
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RUN ON THE BANK. New York, Dec. 12-A crowd of women waited for the Harlem savings bank to open this morning and then drew their deposits. The run was commenced without cause and is said to be a conspiracy, for the bank is perfectly sound.
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Run on a Bank. New York, Dec. 12-The run on the Harlem Savings Baok, which started several days ago, continued today. A core of anxious depositors were before doors of the institution before they the opened this morning. At 10 o'clock 250 men ann women lined up before is window. All dethe paying teller ntly. Detectives mands were paid prom, ver who is are at work trying to disco. cause responsible for the rumors which ed the run. The bank's officers say the institution is perfectly sound, and they are at a loss to explain the run,
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RUN ON A BANK. Depositors Stand in Line Waiting for Their Money. New York, Dec. 13.-The run on the Harlem Savings bank, which began yesterday, continued today. Two hours before the time for the bank to open there were 350 depositors in line waiting for an opportunity to draw their money. President Tooker, of the bank, said today: "We will go right on paying just as fast as the depositors come, and as fast as we can. We will pay just as long as the run continues."
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TELEGRAPHIC BREVITIES DOMESTIC NEWS FROM ALL QUARTERS TRIMMED TO BARE FACTS. Minor Crimes and Accidents, Court Rulings, Sporting Notes and Happenings in General. Bishop Charles R. Hale, of Cairo, Ill., who was improving on Wednesday, is worse, and last evening was growing very weak. The case of Rosslyn Ferrell, who killed Express Messenger Lane, will be considered by the Ohio Board of Pardons on Jan. 10. The run on the Harlem Savings Bank, New York, was continued yesterday. The bank was kept open until 3 o'clock p. m., and will be open again to-day. The bank is solvent. Wheat is growing so rank in the Arkansas valley wheat belt, embracing territory that produced over 40,000,000 bushels last year, that the farmers are advertising to take stock free for the purpose of eating it down. Lieutenant Commander E. W. Wert. of the second battalion, Ohio Naval Reserves, has been suspended from his command for failure to forwad to the Ohio adjutant general's office his quarterly report, due Sept. 30. A sanitarium for the treatment of consumptives by a new liquid air method has just been opened at Borne, Tex., by the Southern Pacific Railroad Company. The treatment used is the discovery of a Texas physician. The Ohio State Grange, Patrons of Husbandry, yesterday adopted resolutions condemning the ship subsidy bill, demanding the passage of the Grout oleomargarine bill and favoring the extension of rural free delivery of mail. The first regular meeting of the Roentgen Society of the United States opened yesterday in the Grand Central Palace, New York. Besides the members in New York, about two hundred delegates were present from other States. Noble T., a racehorse with a record of 2:10, was burned yesterday in a fire that destroyed the livery barn of Lockridge, Houchins & Suggett at Fulton, Mo. Noble T. was owned by S. H. Traeger, of Peoria, and was valued at $7,500. The American Institute of Architects began its thirty-fourth annual convention in Washington, D. C., yesterday. About seventy-five members are present, including the president, Mr. Robert S. Peabody, and the secretary, Mr. Glenn Brown. The Rev. Dr. Bernard M. Skulick, rector of St. Hyacinth Polish Catholic Church of La Salle, Ill., has been honored by Pope Leo with the Order of the Holy Cross. Rev. Skulick is the first Catholic priest in this country to receive this distinction. James Considine, indicted for robbing the postoffice at Granville, O., in 1896, was convicted, yesterday, by a jury in the United States Court, at Columbus, O. Considine's home is in Detroit, and he is a brother of the well-known sporting man of that name. A report was printed at New York, yesterday. to the effect that Queen Liliuokalani, of Hawaii, was ill of typhoid fever at the Presbyterian Hospital in that city. The officials of the hospital said the report was untrue, so far as that institution was concerned. Resolutions of sympathy for Presidents Kruger and Steyn and the South African republics were unanimously adopted by the Holland Society of Chicago at a meeting held yesterday at the Union League Club. Embossed copies will be sent to Presidents Kruger and Steyn. Thomas Woodruff, alias Homer L. Sarvis, released from the Western Pennsylvania penitentiary yesterday after serving four years for burglary. was immediately arrested on a charge of killing, in 1894, Frank L. Henderson, a jeweler of Newburg, N. Y., during an attempted robbery F. Marion Crowfard, the author, will sall from New York, for Italy, Saturday. He came to America recently especially to witness the dramatization of one of his novels. He will return in February with Mrs. Crawford, who has been absent from the United States for sixteen years. Winston Spencer Churchill, M. P., war correspondent, gave a lecture on the South African war, at New York, Wednesday evening. He was introduced by Mark
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Run on Harlem Bank Continues. New York, Dec. 13.-The run on the Harlem Savings bank was continued today. At 8 o'elock, two hours before the time for the bank to open for bustness, there were 350 depositors in line. The crowd was kept in order by a po. lice squad. President Chas. B. Tooker, of the bank, said today: "We will go right on paying just as fast as our force will permit, until 3 o'clock this afternoon, the closing hour for the day. We will pay again tomorrow, and as long as the run continues."
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STILL WITHDRAWING MONEY. HARLEM SAVINGS BANK OFFICIALS SAY THEY ARE GETTING RID OF OBJECTIONABLE DEPOSITORS. The run on the Harlem Savings Bank continued yesterday, and several persons were still clamoring for their money when the doors closed at 3 o'clock. The officials of the bank believe that the run is about ended. It was said yesterday that the Mount Morris Bank had offered $500,000 to use in case of necessity. but there was no need for the money. Three hundred and three accounts were closed yesterday and $110,000 was paid out. Twenty new accounts were received and $4,000 was deposited. The bank officials said that of 35,000 depositors only 1,000 had withdrawn their accounts. They were the most objectionable depositors, and the bank did not care If they never returned. The bank has $600,000 on hand, and the officials say they can raise several millions in an hour if necessary. They thought the run would stop to-day. The run has assumed a comical aspect. The sheepishness of the depositors is laughable. They huddle together and follow blindly, and many do not know why they are withdrawing their money. They say it is because others are doing so. No definite information has been obtained as to why the run started. Mr. Tooker, president of the bank, said yesterday that, at a meeting of the trustees held the night before, a committee of four was appointed to investigate the cause of the run and to determine whether any one was amenable to the law. Mr. Tooker said that those who withdrew would not be blacklisted, but word reached the bank that several depositors who had withdrawn and gone to other banks were not permitted to open accounts. One of the incidents of the run was the robbery of one of the depositors who withdrew his money. The man in question is John Herman, of No. 681 East One-hundred-and-fifty-first-st. His mother had $1,235 in the bank and he had $500. He withdrew both accounts. The $1,235 he placed in one coat pocket and the $500 in another. He then went to the One-hundred-and-twenty-fifth-st station of the Third-ave. elevated road. The money was In this pocket in the station. but as he was stepping on the train he found that the money belonging to his mother was gone. Herman rushed to the East One-hundred-andtwenty-sixth-st. police station and reported his loss. He had no idea what kind of looking person had taken his money. Detectives, however, were placed on the case. Captain Dean. who has charge of the police at the bank. has taken precautions against occurrences of this kind. It is supposed that some one knew of Herman's withdrawal of the money and followed him to the station. The aged mother of Herman went to the bank when she learned of her loss and tearfully told President Tooker of it. He said he could do nothing to help her. She went away sobbing. All persons withdrawing money were warned to look out for pickpockets. At 1:45 p. m. 130 persons were in line waiting to withdraw deposits. They bought coffee, frankfurters and pretzels from neighboring restaurants and ate and drank while standing in line. Seventyfive men and women were admitted at 1:45 o'clock. No more could be paid before the closing hour.
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HARLEM BANK GAINS ON RUN. DEPOSITORS WILL LOSE ABOUT $5,000 IN INTEREST BY THEIR COURSE. The run on the Harlem Savings Bank, Third-ave. and One-hundred-and-twenty-fourth-st., has practically come to an end. As an old depositor said yesterday: "The bank is as sound as the rock of Gibraltar. The only result of the run, so far as I can see, will be $5,000 or more in the bank's vauits, which will have been saved on interest." The trustees at a recent meeting declared a dividend of 4 per cent on deposits. The deposits which have been withdrawn will not draw this interest. When the people who had taken part in the rush learned this and that the bank was in a good condition, they felt a good deal chagrined. They got the impression that the bank was making money at a fast rate, and had cleared about $90,000 by their haste. This incident shows the excited state of the depositors' minds. About a half hundred people were in line yesterday. The bank promptly closed their accounts for them: as it did for about fifty more who straggled in before it closed at noon. President Charles B. Tooker left his office shortly after noon. He said that he thought that the run was over. He said also that the largest number of people who had withdrawn their accounts were new depositors. People who have done business with the bank for any length of time felt confidence in its stability. and had not withdrawn a cent more than usual.
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An interesting third chapter has been written about the unwarranted run upon the Harlem Savings Bank. in New York, the other day. A suspicious depositor disregarded the assurances of the directors that the bank was all right, and drew out his savings. amounting to $1,260. On his way to catch an elevated train two burly (cotpads deftly jammed him into a doorway and relieved him of his roll, small change. watch and scart pin. This was in broad deylight. in full view of a street crowded with people, and no arrest was made.
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RUN ON HARLEM SAVINGS BANK OVER. BETWEEN $8,000 AND $9,000 SAVED IN INTEREST ON THE SUM WITHDRAWN. The run on the Harlem Savings Bank, One-hundred-and-twenty-fourth-st. and Third-ave., is over. No one was in line when the bank opened its doors this morning, and not more than one hundred deposits were withdrawn during the day. On the other hand, about $6,000 was deposited, President Tooker said he was satisfied with the result of the run, since it has shown how secure the bank was. The total amount drawn out of the bank since last Tuesday, the first day of the run, up to and including yesterday, was $473,667. The amount the bank saved on interest was between $8,000 and $9,000. The number of accounts closed was 1,372. A committee has been appointed to try to discover the persons who started the run.
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-In the run now in progress on the Harlem Savings Bank of New York, about $300,000 deposits have been withdrawn. As six months' interest at 4 per cent on nearly all of this would have fallen due on Jan. 1, the bank has saved about $6,000 by the run up to date. At the close of business Saturday it had more than $400,000 ready cash on hand for those who might call Monday, and banks all over the city stand willing to lend it almost any sum desired.