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PITTSBURG, Feb. 13.-As - a result of the legal proceedings against the Economite interests there was a run on the Economy Savings institution or Farmer's bank for savings at Beaver Falls Saturday. The bank officials promptly met all demands and after an hour or so confidence was restored and many depositors who entered the bank left without withdrawing their money.
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BIG RUN ON A BANK. The Statement of the Cashier Fails to Allay the Depositors' Fears. BEAVER FALLS, PA., Feb. 13.-There is a great run on the Economy Savings Bank, owned by the Economite Society. It began Friday, and was supposed to have ended Saturday with restored confidence, but to-day it began again. The published statements of Cashier Reeves regarding the solidity of the concern only appeared to increase the fears of those who had money in the bank. All day the entrance to the bank has been jammed. The cashier, assistant cashier, teller and clerks were settling accounts, while perspiration streamed down their faces. In the midst of the rush Cashier John Reeves stated, as before, that all accounts would be paid, and that they had more than enough money for all depositors. As on Saturday, the greater part of those drawing out their accounts were women and children. Despite the run, many of the larger depositors have no fears. One merchant deposited over $10,000 this morning, and others deposited large amounts They say that they have no fears, and would deposit all the money they have without the least hesitation.
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A RUN ON A BANK Women and Children Drawing Out While Merchants Deposit. BEAVER FALLS, PA., Feb. 13. -There is a great run on the Economy Savings Bank, owned by the Economite Society. It began Friday and was supposed to have ended Saturday with restored confidence, but today it began again. The published statements of Cashier Reeves regarding the solidity of the concern only appeared to increase the fears of those who had money in the bank. All day the entrance to the bank has been jammed. The cashier, assistant cashier, teller and clerks were settling accounts while perspiration streamed down their faces. In the midst of the rush Cashier John Reeves stated, as before, that all accounts would be paid and that they had more than enough money for all depositors. As on Saturday, the greater part of those drawing out their accounts were women and children. Despite the run many of the larger depositors have no fears. One merchant deposited over $10,000 this morning and others deposited large amounts. They say they have no fear and would deposit all the money they have without the least hesitation.
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BEAVER FALLS, PA., February 13.-There is a Great run on the Economy Savings Bank, owned by the Economy Society. It began Friday, and was suppoint to have ended Saturday with restored confidence, but to-day it began again.