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RUNS ON EAST SIDE BANKS Withdrawals of Deposits by Foreigners Begun Yesterday, Continued Without Abatement To-day By Associated Press, New York, Dec. 3.-Withdrawals of deposits from private and savings banks on the East Side, begun by foreigners yesterday, a day after the suspension of the three banks of Abraham Kass, continued without abatement today. Two banks appeared to be most affeeted by to-day's run. Each had taken steps over night to meet the situation. Each announced that all depositors were free to withdraw accounts in full, without giving sixty days' notice. The only explanation of the runs was a general feeling of uneasiness among the foreign-born depositors since the closing of the Kass banks. Crowds began to form in line at 2 o'clock this morning outside the two institutions which bore the brunt of to-day's run. The crowds seemed to augment as the day progressed. One of the two banks early in the forenoon adopted the policy of paying depositors $100 each and telling them to return in a week for the remainder. The $100 was paid in silver dollars in each ease. This was the twelfth run in twenty years experienced by one of the banks. "We are used to runs and have learned to guard against them," said the president of this institution. "1 believe the present run may last two weeks. We have millions in eash at our disposal. One bank offered to lend us $1,000,000 in eash this morning but we did not need it." A number of smaller institutions were affected somewhat by the tendency to withdraw deposits. The uneasy feeling seemed to be general throughout the lower East Side. No one could explain it, least of all the depositors. They simply wanted their money.
