97e60db7Accommodated withdrawals, Books examined
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RUN ON A BANK. While it Was On the Institution's Stock Rose. New Orleans, Oct. 13.-Owing probably to the publication of a story in a newspaper here, a run began today on the Germania savings bank. Many small depositors withdrew their deposits, few knowing the reason for the run. The story was that the bank held $30,000 of the mortgage bonds of the Rushmere Planting company, in which Vice President Blaffer of the bank is interested, and that the company had
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BIG RUN MADE ON NEW ORLEANS BANK New Orleans, October 13.-Owing probably to the publication yesterday of a story in newspapers here, a run began today on the Germania Savings bank and many small depositors gathered at the institution and withdrew their deposits. A force of policemen kept the crowd in order and each depositor was promptly paid as he presented his book, the officers of the bank having made provision against the run. The paper itself, is not widely circulated, but the story ran from mouth to mouth on the streets and took the form that the institution was about to collapse. Few of the depositors knew the reason for the run. The officers of the bank said that the bank was in an impregnable condition and that all who desired would be promptly paid, business men generally having shown their confidence by offering large sums of money to the institution. The story printed was to the effect that the bank held $30,000 of the mortgage bonds of the Rushmore Planting company, in which Vice President Blaffer of the bank, is interested. and that the company had defaulted. Mr. Blaffer said that he and his associates had taken the bonds off the hands of the bank and shouldered the loss themselves. While the run was on Germania stock was quoted on the stock exchange at $1500 a rise of 10 points during the day. The bank is regarded as one of the staunchest in the city.
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The emergency hospital discharges daily more patients than it receives, the admissions now being only one or two a day. Following the suggestion of Dr. Souchon and Dr. White, many of the parishes have agreed to raise the quarantines on October 15. Ten positive answers have been received, and several tentative ones stating that such action would probably be taken in the next few days, were received. The opening up of Baton Rouge, the state capital, has resulted in a rush to that city. Hundreds of commercial travelers, who have been in the city for two months, will get out Sunday. # Country Cases. The reports from the country were very light, and were as follows: New Iberia, 1 new case. Grand Island Cheniere, Caminada, 6 new cases. Patterson, 6 new cases. The reports from Mississippi were: Vicksburg, 1 new case. Natchez, 3 new cases. Port Gibson, 3 new cases, 1 death. Gulfport, 1 new case. Surgeon White had a conference with the local health officers at Meridian this afternoon and later went to Jackson, where he met Dr. Hunter, the state health officer, and Governor Vardaman. Surgeon Wasdine went from Gulfport to take part in the conference. # Interest in Run on Bank. Interest in the yellow fever situation here was overshadowed today by the attention given to what was regarded throughout the business community as the utterly unwarranted run on the Germania Savings bank. With over seven millions of deposits, and with its investments in gilt edged securities and first class real estate, the Germania has been regarded as one of the strongest banking institutions in the south. The investigation of the clearing house committee showed that the bank is able to pay all its depositors in full and then divide
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Bank Run Ceases. New Orleans, Oct. 16.-The run on the Germania Savings bank has entirely ceased.
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Run on Bank Thing of Past. New Orleans, Oct. 16.-The run on the Germania Savings Bank has entirely ceased and the excitement of Friday and Saturday has entirely passed. When the bank opened today there was nobody waiting to withdraw money. and as the hours passed, it became evident that confidence in the institution had been fully restored. Before 11 o'clock the deposits of twenty of those who had taken their money out last week were presented for redeposit.
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RUN ON THE GERMANIA OVER. The Incident Closed and Credit of the Bank Unimpaired. (By the Associated Press.) New Orleans, Oct. 16.-The run on the Germania Savings Bank has entirely ceased. When the bank opened today there was nobody waiting to withdraw money, and as the hours passed it became evident that confidence in the institution had been fully restored. Before eleven o'clock the deposits of twenty persons who had taken money out last week were presented for re-deposit. The clearing house made a statement today declaring the Germania incident closed, and the credit of the bank unimpaired.
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Germania Bank Weathers Run By Associated Press. NEW ORLEANS, Oct. 16.-The run on the Germania Savings bank has entirely ceased. The clearing house made a statement today that they considered the Germania incident closed and the credit of the bank unimpaired.
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Run Resumed on Bank. New Orleans, Oct. 16-The run on the Germania Savings bank was resumed today, but It is believed that the excitement will pass with the day as the impregatbility of the Istitution is realized. Most of those who are withdrawing their money are the poor. er classes who have not taken the trouble to investigate the-story upon which the run is grounded. At Lise bttwk it was stated that every deposltor who wanted his money might have It for the asking Public confidence in the Institution is BD high, however, that the great bulk of the patross of the Institution will let their money re main.
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Bank Run Ceases. NEW ORLEANS, Oct. 16.-The run on the Germania Savings bank has entirely ceased. The clearing house made a statement today that they considered the Germania incident entirely closed and the credit of the bank unimpaired.
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# GENERAL NEWS ITEMS. Alfred Gwynne Vanderbilt and Paul Sartori, the Italian automobile driver, barrowly escaped death while out on a trial spin over the Vanderbilt cup course on Long Island. They were capsized while going at a terrific pace and only escaped by being thrown into soft earth. One man was killed and a large number injured, some fatally, by a stampede of artillery horses attached to limbers belonging to the Twenty-ninth battery, at target practice near Fort Riley, Kas. The horses dashed over a small cliff, landing in a frightful mass with their drivers. Sir Henry Irving, the well-known English actor, was seized with syncope after returning to his hotel following a performance at Bradford, England, on the night of the 13th inst., and died in a few minutes. The Missouri building at the Lewis and Clark exposition at Portiand, Ore., with all of its contents, including exhibits and the art and statuary collection, was destroyed by fire on the night of the 13th inst. Maj. Gen. John F. Weston has been formally detailed to the command of the northern military division, with headquarters at St. Louis, to succeed Maj-Gen. George M. Randail, retired. A dozen firemen were cut and bruised by falling debris and a score of horses burned to death in the destruction of the Lasalle Avenue livery barns in Chicago. One fireman and an employe of the stable may die. Ten negro roustabouts were drowned when the steamer Elk struck a snag and sank while backing away from the landing at Vicksburg. Miss. A Mexico City disatch reports Alexander Dowie and party leaving for Tampico on a special car to inspect the lands it is proposed to purchose for the new Zion city. Dowie was in good health. The profits of the alleged conspirators in the cotton crop leakage are placed approximately at $200,000, of which, it is alleged, E. S. Holmes received $25,017. Gen. A. L. Mills, superintendent of the West Point military academy, says that hazing in any form has shown no symptom of reappearing among the cadets The president has commuted sentence of dismissal from the army of Louis McLaue Hamilton, a great grandson of Alexander Hamilton, to reduction of 30 files in rank. There was a run on the Germania savings bank in New Orleans, started by a newspaper story, but all demands were met, the institution being one of the staunchest in the city. John Donahue, who was committed to jall, in Chicago, by Judge Kohlsaat, for contempt of court, and who took an appeal to the United States circuit court of appeals, has signified a desire to purge himself of his contempt. Six miners were imprisoned by fire in the mine of the Clyde Coal Co. at Fredericktown, Pa., and at last accounts all hope of rescuing them had been abandoned. William Mills Ivins has been selected as the republican candidate for mayor of New York elty in place of Charles E. Hughes, who declined the nomination. Mr. Ivins has accepted. C. I. McNair, B. F. Nelson and A. 8. Bossard were adjudged in contempt of court by Judge Vandevanter in the United States district court at St. Paul, Minn., and ordered committed to jail. They refused to produce books and answer questions in respect to the conduct of their paper mills. The Marinette and Menominee paper mill plant at Marinette, Wis., was nearly destroyed by fire. Loss, $150,000 covered by insurance. Yankee Consul, a noted thoroughbred, died at Lexington, Ky., of pneumonia. He was trained by "Bub" May, and was valued at $100,000.
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EVENTS FROM EVERYWHERE. New York Nationals won the fifth game, securing the world's champion ship. A French machine driven by Hem ery won the Vanderbilt cup on Mine pla course. Secretary Root was officially noti fied of the signing of the peace treaty by the two emperors. New Orleans reported nineteen new yellow fever cases Saturday, five deaths and seven new foci. Charles G. Dawes of Chicago is said to be the probable successor to Sec retary Shaw. America proposes retaliation against Cuba if she enters into a commercial treaty with England. An earthquake shock was felt at Santiago, Cuba, Sunday, stronger than that of Friday or the shock of Satur day. The compositors of St. Petersburg decided to engage in a three days strike in sympathy with the Moscow strikers. Ratifications of treaty of Portsmouth have been officially exchanged, the thus formally ending the war in Far East. Five steerage passengers swept by overboard the Campania last week a big wave. The Philadelphia, near by, escaped the disaster. An unwarranted run was made Sat urday on the Germania Savings Bank of New Orleans. Its cash resources were ample. Dr. H. W. Furniss, a negro of Indianapolis, has been named as the success- minor of W. F. Powell, resigned, as ister to Hayti. The Petit Corporal of Paris publisha rumor that Prince Louis Napoleon has governor es general of the Caucasus, been assassinated at Tiflis. The approaching visit of William Jennings Bryan to Japan is welcomed conby Japanese at Tokio, who are spiciously recounting his career. After vicissitudes of a few years, Boer colonists of the state of Chihuahua, Mexico, are disbanding through inability to secure clear title to land. Four negroes who had been drinking heavily started across the Alabama in river in a skiff. The skiff sank midstream and all were drowned. The strike of the electrical workers in Berlin is ended, the companies agreeing to a 5 per cent increase in wages. The result is a victory for the employers. India's refusal to deal in English goods is considered to be a severe blow to British prestige. Took lesson from Chinese action against American products. The Anglo-Japanese treaty is regarded in Washington as a menace to China. Japan is determined to rule the Mongolian empire, in the opinion of diplomats. A professor of Notre Dame University was indicted the other day charged with sending scurrilous and defamatory matter through the United States mails. He pleaded not guilty. When the gates of the Lewis and Clark Exosition closed at 1 o'clock Sunday morning a total attendance of 56,960 for the day had been registered, making the grand total for the entire fair period 2,545,509. A French warship is hovering almost within striking distance of the Venezuelan coast, and others are prepared to start for the West Indies on short notice. French patience is exhausted. Over a thousand farm laborers made desperate by the existing famine invaded the market place at Ecijan, 48 miles from Seville, Spain, seized the entire stock of food and money, destroyed the market and threw the town into panic. The Observer of London says it understands that Great Britain has agreed to maintain the treaty of 1855 which guarantees the integrity of Scandinavia so far as Norway is concerned, on condition that a monarchy be established. A semi-official article appeared in the North German Gazette of Berlin fully exonerating the French governto ment of any connection with the soN called revelation and accepts frankly the British government's denial of an f offered alliance. Gen. Peter A. S. McGlashan, commanding the Georgia Division United Confederate Veterans, was stricken h with paraylsis Saturday at Savannah. His entire left side is affected and it a is feared that his illness will preclude exu his participation in the reunion 10. W ercises at Macon Nov. 9 and c M. Bouvier has sent instructions to the consuls general in Londan, Washington, The Hague and Berlin to point out the danger to which fishing ves- are on the Newfoundland banks M sels exposed by the passage of transatsi lantic liners in these waters. Albert A. Combs, a well known young man of Montgomery, near Ala., Chehaw was