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Portuguese Make Run On Maui Banks Rumor Government Was About To Grab Their Savings Starts Small Panic-Canard Spread RapidlyBanks Not Inconvenienced Although the banks of the territory have probably more money than they every held before, Maui's banking establishments this week experimenced a real "run" on them. As a result there is now probably stuck away in old stocking and sugar bowls, or buried under grape arbors some $25,000 or $30,000 in hard cash which last week peacefully repused in burglarproof vaults. The "run" has been confined to the Portuguese, among whom a rumor became current last week that the United States government was preparing to seize all funds in banks in the name of foreigners. And the Maui Portuguese were not taking any chances. They began to present their saving books last Saturday in ones and twos, and when the banks opened on Monday they came in augmented numbers. No assurance satisfied them -they simply wanted their cash and wanted it quick. The Banks of Maui in Wailuku, and its branches in Paia and Lahaina met the demands as fast as they came, and thus somewhat took the edge off the "run". D. C. Lindsay, cashier of the Baldwin National Bank at Kahului, states that the demands on his bank will not amount to more than $3000 or $4000. The absurdity of the panic is heightened when it is remembered that even the property of German subjects in the United States will be perfectly safe so long as it owners obey the law. It has not been learned whether or not the infection also exists on other islands.
