283e6385Accommodated withdrawals, Borrowed from banks or large institutions
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"Pa Said Bank Hadn't Much Money, Result Is Run On The Bank (By Associated Press.) CHICAGO, III., April 19.-The remark of a school boy that "Pa said the bank did not have much money," started a run on the Logan Square Trust & Savings Bank here last night. The bank paid all the depositors' demands and the run stopped.
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LAD'S IDLE REMARK CAUSES RUN ON BANK Chicago, April 19.-The remark of a school boy that his father had said that "the bank hadn't much money" started a run on the Logan Square Trust and Savings bank, a small state institution on the northwest side, yesterday, which lasted into the night. As soon as the officers of the bank realized that a run was on they secured additional cash from downtown banks and had no difficulty in paying all depositors who called for their money. It was said today that the bank is perfectly solvent.
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BOY STARTS BANK RUN Tells Other Children What Pa Said and Rumor Reaches Depositors. Chicago, April 19.-The remark of a school boy that "Pa said the bank hadn't much money," started a run on the Logan Square Trust and Savings bank, a small state institution on the Northwest side yesterday which lasted into the night. Officers of the bank secured additional cash from downtown banks and had no difficulty in paying all depositors who called for their money. It is said today that the bank is perfectly solvent and that the institution has no cause to fear a further run today.
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Boy's Wild Yarn Starts Run on a Chicago Bank CHICAGO, April 19.-A boy's wild yarn that the Logan Square Trust and Savings Bank, a state institution, capitalized at $200,000, "hadn't much money in it," started a run on the institution late this afternoon. All depositors seeking their. money were paid in full, the Central Trust Company of Illinois and the Standard Trust and Savings Bank sending to the Logan Bank ample funds to meet all requirements.
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NEWS OF THE DAY CONCERNING CHICAGO Sunrise, 5:03; sunset, 6:35. Mrs. Tillie Turner, 65, 2521 WarPoliceman Mark Franks, who ren av., dead. Overcome by gas Sunday. killed Harry Hines in postoffice last Alfred Miller, 537 Rush, arrested. week, hurt while taking tests for Pittsburgh police say he stole platpromotion. inum from landlady. Clara Mecklenberg, 1520 N. CrawCoroner's jury unable to name ford av., refused to appear against murderer of Michael Vaiana, 1126 Ed Wallace, 160 N. 5th av. Had acLarrabee. Was shot. cused him of taking liberties with Frank Marsala and Frank Moranher. do arrested in Gary on a white slave Hyman Moslofsky, 6826 S. Hercharge. mitage av., arrested. Failed to put 150,000 in deposits paid out of Lorevenue stamps on cigarets he made. gan Square Trust & Savings bank by Chas. Renka gave self up. Wantrun founded on rumor. Most of the ed for murder of John Guris, 1740 money put back. W. 63d, whom he accused of intimaEdson Keith, engineer, composer, cies with wife. milliner and lawyer, to leave ChiJacob Smith, 14, 1344 N. Kedzie cago for Florida home. Lived here av., ran away. Got tired in S. Chi54 years. cago and gave self up. Anna Nell, 49, asked police to send Four soldiers of III. nat'l guard, her to Bridewell. Can't find work. Battery D, arrested Irving Kosch in Will repeat request to judge this Blackstone hotel when he failed to morning. keep pledge to join company. Carolyn Kister, Ohio girl who took bichloride of mercury after being atRudolph Strehle, 10 years head tacked, slowly dying at Washington waiter in Pompeiian room in ConPark hospital. gress hotel, dead. Mrs. Sarah Zork, 62, 4822 MichHarrison st. police informed that igan av., badly hurt by motorcycle. Mrs. D. Bingham, Plymouth hotel, three rings worth $250 in wesh
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BOY'S WILD TALE STARTS BANK RUN CHICAGO, April 28.-The excited and fearful boast of a schoolboy to his playmates that his "paw said the bank hadn't much money" started a run on the perfectly solvent Logan Square Trust and Savings Bank yesterday which lasted late into the night. At no time was there the slightest danger to the bank. About 2 o'clock when officers of the institution had awakened to the fact than an actual run was on, they telephoned down town and within a few minutes OVer $50,000 in cash was on its way from the Central Trust Company of Illionis and the Standard Trust and Savings Company to add to the supply of money already in the vaults. Money On Request As each frightened depositor approached the cashier, he was given his money. Many who had dropped into line soon convinced themselves of the canard that had been so innocently started and left without asking for their deposits. By nine o'clock at night only a few were in line, and officials of the bank predicted that when the insitution opened in the morning those who had withdrawn their money would be back with it for deposit.