9518. Mississippi Valley Trust Company (St Louis, MO)

Bank Information

Episode Type
Run Only
Bank Type
trust
Start Date
October 27, 1903
Location
St Louis, Missouri (38.627, -90.198)

Metadata

Model
gpt-5-mini
Short Digest
af15e7ad0acf45b4

Response Measures

None

Description

Multiple contemporaneous newspaper accounts (Oct 27–29, 1903) describe runs on the savings department triggered by a Chicago rumor that two directors failed to negotiate a $2,000,000 loan. Depositors were paid where possible, banks waived the 60-day clause initially; later trust companies enforced 30/60-day notice and refused to pay CDs before maturity. No suspension or receivership of this bank is reported in these articles.

Events (1)
1. October 27, 1903 Run
Cause
Rumor Or Misinformation
Cause Details
Rumor from Chicago that two directors of the Mississippi Valley Trust Company had tried to negotiate a $2,000,000 loan in Chicago and had been refused; directors called the report a canard.
Measures
Initially waived 60-day notice and paid depositors promptly; subsequently trust companies decided to enforce 30/60-day notice and not to pay certificates of deposit before maturity.
Newspaper Excerpt
As a result of disquieting rumors, a run started today on the Mississippi Valley Trust Company, but as fast as the depositors poured in they were given their money without hesitancy.
Source
newspapers

Newspaper Articles (12)
1. October 27, 1903 Evening Times-Republican Marshalltown, IA
Article from Evening Times-Republican, October 27, 1903

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RUN ON THE ST. LOUIS BANKS Frantic Depositors Besiege the Counters of Two Prominent Trust Companies BANKS CLAIM ABILITY TO PAY Mississippi Valley Trust Company and Mercantile Trust Company Were the Ones Assailed - Bank Officials De. clare the Institutions are Solid and Able to Pay Every Claim St. Louis, Oct. 27.-As a result of disquieting rumors, a run started today on the Mississippi Valley Trust Company, but as fast as the depositors poured in they were given their money without hesitancy. The bank officials say the bank is perfectly safe and that they do not fear a run. David R. Francis, president of the Louisiana Purchase Exposition Company and director of the Mississippi Valley Trust Company, made a short speech to the depositors in which he said a committee of three disinterested persons had only recently gone over the books and had not found anything that should cause apprehension as to the stability of that institution. There were no bad investments or loans. The Mississippi Valley Trust Company, he said, was willing and able to pay all who wished their money. and waived its right to take advantage of the sixty day clause. A run started on the Mercantile Trust Company this afternoon by the savings depositors. The people suddenly thronged the corridors and in a very few moments a line had been formed from the bank window out to the street. Policemen were hurried to the scene and prevented disorder, while within the bank officials mingled with the crowd and assured everybody the deposits would be speedily paid President Wade said to the Associated Press: "I do not know why the rua started. It came like a flash, but the only result will be that the people will get their money. They will get it just as fast as they call for it. We have no fear whatever for the bank."

2. October 27, 1903 The Spokane Press Spokane, WA
Article from The Spokane Press, October 27, 1903

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ST. LOUIS, Oct. 27.-A run was in progress at noon on the Mississippi Valley and Meranctile Trust company banks, two of the largest financial institutions in the city. The runs were due, it is said, to rumors from Chirago and New York, that the concerns were embarrassed. The clearing house association at noon took steps to protect the institutions if needed.

3. October 28, 1903 The Daily Morning Journal and Courier New Haven, CT
Article from The Daily Morning Journal and Courier, October 28, 1903

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RUNS ON ST. LOUIS BANKS ANXIOUS DEPOSITORS THRONG THREE INSTITUTIONS. A Rumor That One Had Unsuccessfully Attempted to Negotiate in Loan of $2,000,000 in Chicago Causes the Trouble-Other Institutions AffectedAll Demands Met. St. Louis, Oct. 27.-From shortly before 3 runs were on hour, 1 o'clock o'clock, to-day until made the closing the savings departments of three banks of St. Louis, and at the same time more than the ordinary amount of withdrawals were ble in the other by savings depositors banking institutions. noticeaso far as it can be a rumor started The run, by disquieting traced, from Louis was the outside that seemed to strike St. shortly after noon, to the effect that the savings institutions here were unsound. With a rush the corridors of the Linthe Mercantile and the Trust coln Trust company company, Mississippi filled with Valley Trust company were men and all eager to women, withdraw the three their accounts. The scene in banks was the same. of with bank people exactly books in A their line the hands and faces eagerly windows of little barred the scanning bank tellers' stretched out into the street and intermingled, was police and bank officials counseling calmness and the latter giving assurances of solvency. "It is stated that the rumor that started the bank came from Chicago and was to the effect that two directors of the Mississippi Valley Trust company had recently endeavored to negotiate a loan of $2,000,000 in that city and had . been refused. To-day this rumor was pronounced an absolute canard by the directors concerned. As soon as the runs started all other business was laid aside and every facility was afforded for the prompt payof The clause which the bank the ment gives deposits. privilege of with- after holding payment until sixty days notification was waived and amounts were paid rapidly, regardless of their There was no of the institutions many size. at any disorder and manifested in who had amounts withdraw cases depositors departed hurried without to their money, after having conversed a few moments with the officials and been made confident that the bank would continue to do business. At the Missouri Trust company a of depositors had but the number demand payment crowd collected the soon in- to thinned out and before 3 o'clock cipient run had ceased. Presidents of the different national banks assembled the afternoon and a which they announced ment during in issued that state- the banks of St. Louis are all perfectly solvent and amply able to liquidate all demands. All the banks closed at 3 o'clock, the usual closing hour, and announcement made that they will open at the usual row was morning demands hour, to-mor- 10 o'clock, and will meet all made. The directors of the different trust companies at meetings to-night decided the thirty and sixty tday noclause to-morrow is to tification enforce and all this tenis believed will doubtless stop dency to a contnuation of runs. The following statement was given out to-night after a meeting of the representatives of the Associated banks: "The representatives of the Associated banks of St. Louis at a meeting held tonight to consider the local situation and the demands upon the trust companies of of the city, invited the presidents those organizations to confer with them for the purpose of taking such action It as the situation seemed to require. was ascertained in this conference that no trust company was in need of assistance of any character, but each felt assured of its ability to protect its obligations and maintain itself without calling on the banks for aid. "The action of the trust company, requiring the legal notice of withdrawal of savings deposits was approved. (Signed) "J. C. Van Blarcom, President St. Louis Clearing House Association."

4. October 28, 1903 The Montgomery Advertiser Montgomery, AL
Article from The Montgomery Advertiser, October 28, 1903

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ST. LOUISANS ARE ALARMED 1 Runs Made on Three Savings Banks. ORS PAID IN FULL DEP 0 als Say They are Ready to Meet Demands. THE by &umor Said to Have Originated in Chicago Concerning Solvency of the Institutions Started the Trouble. St. Louis, Oct. 27.-From shortly before 1 o'clock until the closing hour (3 o'clock) today runs were made in the savings departments of three banks of St. Louis, and at the same time more than the ordinary amount of withdrawals by savings depositors were noticeable in the other banking institutions. The run, so far as it can be traced, was started by a disquieting rumor from the outside that seemed to strike St. Louis shortly after noon, to the effect that the savings institutions here were unsound, and like a prairie fire it spread through the streets and different mercantile establishments, whose employes represent the majority of savings depositors. Eager for Their Money. With a rush the corridors of the Lincoin Trust Company. the Mercantile Trust Company and the Mississippi Valley Trust Company were filled with men and women all eager to withdraw their money. At each of these banks a line of people with bank books in their hands stretched out into the street and intermingled with policemen and bank officials counseling calmness and giving assurances of solvency. It is stated that the rumor that started the run came from Chicago, and was to the effect that two directors of the Mississippi Valley Trust Company had recently endeavored to negotiate a loan of $2,000,000 in that city and had been refused. Today this rumor was pronounced an absolute canard by the directors concerned. As soon as the runs started all other business was laid aside and every facility was afforded for the prompt payment of deposits. The clauses which gave the bank privilege of withholding payment until sixty days after notification were waived and the amounts were paid rapidly regardless of their size. There was no disorder manifested at any of the institutions and in many cases depositors who had hurried to withdraw amounts departed without their money after having conversed a few moments with the officials and been made confident that the bank would continue to do business. Run Soon Over. At the Missouri Trust Company a number of depositors had collected to demand payment, but the crowd soon thinned, and before 3 o'clock the incipient run had ceased. Presidents of the different national banks assembled during the afternoon, and issued a statement that the banks of St. Louis are all perfectly solvent and amply able to liquidate all demands. All the banks closed at 3 o'clock, the usual closing hour, and gave out word that they will open tomorrow at the usual hour. 10 o'clock, and will meet all demands. The directors of the Mercantile Trust Company, representing several millions of dollars, have signed the following agreement: "We, the Directors of the Mercantile Trust Company, knowing that all its affairs are in sound and safe condition and that every dollar of its obligations of every nature will be met, do hereby bind ourselves individualy to the extent of our individual fortunes, to the payment in full of all current and savings deposits accounts and we do hereby guarantee such payment."

5. October 28, 1903 Alexandria Gazette Alexandria, VA
Article from Alexandria Gazette, October 28, 1903

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The St. Louis Banks, St. Louis, Oct. 28.-When the doors of the Mississippi Valley Trust and Mercantile Trust Companies were opened this morning, lines of depositors were in waiting, anxious to withdraw their funds, as a result of the scare resulting from Tuesday's run. Most of those in line were working men and women. Each was told that thirty to sixty days' notice to withdraw deposits would be required. No money was, paid out but declaration of intention to withdraw was made by many. The trust companies also have decided not to pay certificates of deposit before maturity. Small crowds were assembled in front of the other banking itstitutions. By 11 o'clock the crowd has increased to such an extent that a platoon of police was totally unable to control it and the officers stationed at the doors were swept away from their statlons almost as rapidly as they could regain them. There is much excitement.

6. October 28, 1903 The Sun New York, NY
Article from The Sun, October 28, 1903

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RUN ON ST. LOUIS TRUST dississiv DNOWV savas DINVE DEPOSITORS ATTIVA spreads to Patrons of Other Institution All Who Reach Paying Tellers JP41 Chicago Said to Have Started the Directors Pledge Private Fortun ST. LOUIS, Mo., Oct. 27.-Shortly he opening of banking hours this morni a run began-on the Mississippi Valley Try Company, swelling in volume as the progressed. The streets were soon with people who came to withdraw deposits. President D. R. Francis he world's fair and others address he clamoring crowds in an endeavor tay what promised to be a panic. Shortly after noon there was a run he other trust companies, depositors drawing their funds from the Mercanti American Central, St. Louis Union, souri, Lincoln and Commonwealth main points of attack were the Mississip Valley and Mercantile. Squads of police were detailed to erve some semblance of order. When 'clock arrived the crowds were han at any time during the day. the police had to aid the bank oloyees to close the doors SO many pressing in to get their money. At 60 his evening thestreets in front of the issippi Valley building were still crowd with angry depositors who had been ible to reach the paying tellers' window Every depositor who got Inside was n full on presentation of his claim, but hird of the anxious ones were able to vaited upon. No cause is known for the raid, as rust companies are believed to be o meet all obligations. A report is Aq SBM una one that que, ent out by Chicago financiers reflecting he stability of the St. Louis trust Issued At all the trust companies packages of

7. October 28, 1903 The Savannah Morning News Savannah, GA
Article from The Savannah Morning News, October 28, 1903

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RUN ON THE BANKS WAS STARTED IN ST. LOUIS BY A CHICAGO RUMOR. ALL DEMANDS WERE MET. OFFICIALS PARTIALLY CONVINCED DEPOSITORS OF THEIR SAFETY. It Was Reported from Chicago That Two Directors of a St. Louis Institution Had Been Unable to Negotiate a $2,000,000 Loan-On the Savings Departments of Three Banks the Run Then Commenced. Anxiety Finally Allayed. St. Louis, Mo., Oct. 27.-From shortly before 1 o'clock to-day until the closing hour, 3 o'clock, runs were made on the savings departments of three banks of St. Louis, and at the same time more than the ordinary amount of withdrawals by depositors were noticeable in the other banking institutions. The run, so far as it can be traced. was started by a disquieting rumor from the outside that seemed to strike St. Louis shortly after noon, to the effect that the savings institutions here were unsound. With a rush the corridors of the Lincoln Trust Company, the Mercantile Trust Company and the Mississippi Valley Trust Company were filled with men and women, all eager to withdraw their money. The scene in any one bank was duplicated in the other two. A line of people, with bankbooks in their hands and faces eagerly scanning the little barred windows of the bank tellers, stretched out into the street and intermingled, were policemen and bank officials counselling calmness and giving assurances of solvency. It is stated that the rumor that started the run came from Chicago, and was to the effect that two directors of the Mississippi Valley Trust Company had recently endeavored to negotiate a loan of $2,000,000 in that city, and had been refused. To-day this rumor was pronounced an absolute canard by the directors concerned. As soon as the runs started all other business was laid aside, and every facility was afforded for the prompt payment of deposits. The clause which gives the bank the privilege of withholding payment until sixty days after notification was waived, and amounts were paid rapidly, regardless of their size. There was no disorder manitested at any of the institutions, and in many cases depositors, who had hurried to withdraw amounts, departed without their money, after having conversed a few moments with the officials and had been made confident that the bank would continue to do business. At the Missouri Trust Company a number of depositors had collected to demand payment, but the crowd soon thinned out, and before 3 o'clock the incipient run had ceased. Presidents of the different national banks assembled during the afternoon and issued a statement, in which they announced that the banks of St. Louis are perfectly solvent and amply able to liquidate all demands. All the banks closed at 3 o'clock, the usual hour, and announcement was made that they will open to-morrow morning at the usual hour, at 10 o'clock, and will meet all demands made. The directors of the different trust companies at meetings to-night decided to enforce the thirty and sixty day notification clause to-morrow and this, it is believed, will doubtless stop all tendency to a continuation of the runs. A statement was given out saying that the trust companies were In need of no assistance whatever.

8. October 28, 1903 The Saint Paul Globe Saint Paul, MN
Article from The Saint Paul Globe, October 28, 1903

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BASELESS RUMOR CAUSES BANK RUN St. Louis Depositors Get Their Money Out and the Banks Are Sound. ST. LOUIS, Mo., Oct. 27.-From shortly before 1 o'clock until the closing hour, 3 o'clock, today, runs were made in the savings departments of the banks of St. Louis and at the same time more than the ordinary amount of withdrawals by savings depositors were noticeable in the other banking institutions. The runs, SO far as it can be determined, were started by a disquieting rumor from the outside that seemed to strike St. Louis after noon that the savings institutions here were unsound. It spread in a flash through the streets and different mercantile establishments whose employes represent the majority of savings depositors. With a rush the rooms of the Lincoln Trust company, the Mercantile Trust company and the Mississippi Valley Trust company were filled with men and women, all eager to withdraw their money. It is stated that the rumor that started the run came from Chicago, and it was to the effect that two directors of the Mississippi Valley Trust company had recently endeavored to negotiate a loan of $2,000,000 in that city and had been refused. Today the rumor was pronounced an absolute canard by the directors concerned. Every facility was afforded for the prompt payment of depositors. The clauses which give the bank the privilege of withholding payment until sixty days after the notice were waived and amounts were paid rapidly regardless of their size. Presidents of the different national banks assembled during the afternoon and issued a statement that the banks of St. Louis are all perfectly solvent and amply able to liquidate all demands. All the banks gave out word that they will open tomorrow morning at the usual hour and will meet all demands made.

9. October 29, 1903 The Birmingham Age-Herald Birmingham, AL
Article from The Birmingham Age-Herald, October 29, 1903

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DEPOSITORS ARE AGAIN IN HURRY St, Louis Bank Officials, However, Say Trouble is Over MANY OFFERS OF ASSISTANCE Expression of Confidence and Such Offers on Part of National Banks Has Helped-Long Lines of Depositors. St Louis, October 28 The statement of President Julius S Walsh of the Mississippi Valley Trust company, whose sentiments are produced in interview given to the Associated Press by other trust company officials of St. Louis that "the situation is thoroughly in hand, "the excitement has subsided, and "from this on we expect business will be conducted in the usual orderly manner, expressed the opinion that seems general tonight, concerning the unwonted financial conditions which prevailed here during parts of yesterday and today. Officers of all the trust companies state that voluntary offers of help were received from financial institutions in New York. Philadelphia, Chicago New Orleans, Kansas City, Boston and many of the smaller towns of Missouri and Illinois, but all were declined for the reason that they had sufficient cash with which to handle their business Expression of confidence and offers of aid on the part of the national banks and financial institutions of St. Louis, has helped to strengthen the situation and restore confidence Lines of Depositors. Just before the hour of opening today the lines of depositors stretched away from the closed doors of the Mississippi Valley Trust company, the Lincoln Trust company, the Mercantile Trust company and the Missouri Trust company Small crowds were assembled before the doors of the other savings institutions It was observed most of that those line were in working people and many of them women whose savings heavy Owing to the action taken last night by the officials of the eight trust companies doing business St. Louis enLoreing thirty and sixty days' notice of Antention to funds, the depositors were not able to get any money All they could do to declare their intentions of their deposits at the end of the time taken advantage of by the companie. under their rules. pay The trust companies decided not to certificates of deposit before maturity Crowd Serges In. doors The greatest crush was before the at of the Mercantile Trust company Eighth and Locust streets. o'clock the doors were opened and the crowd surin with force that swept aside the lines of police and bank employe formed to preserve regular line to the windows of the paying tellers of the time The policemen were unable to handle the crowd and Festus Wade, president of the company, mounted chair and announced unless the depositors formed in line they would be ejected from the building He said was impossible wait in upon them if they insisted in crowding such This had the effect and some semblance of order was restored be the could As as persons the banking rooms had admisformed in two lines, and further sion refused until some of the first entrance; comers had left by separate then others admitted and forced they keep in line and leave soon as to had transacted their business. Many Women in the Crowd. the By 10 o'clock the crowd around an such trust company's building had increased to totally extent that the police were unable to control it. and ficers stationed at the doors the of. away from their were swept stations almost as constituted ly as they could resume them. Women rapidlarge percentage of the Many and crushed in the knocked off dresses were torn and hats jam. crowd The policemen in trying to handle pushed many of the instances personal gutter and in several them into the lights were narrowly averted. opened company When the were doors of the Mercantile Trust street east of the building just across the the while the street it was packed. street, both to the west, and Eighth comparatively clear north and south, were an hour Half later, crowded for however, both streets them keep were clear hundred feet, and all efforts distance to of several ractically wards police directing their efforts abandoned chiefly the doors. the maintaining some degree of order toE. John Davis during the Mississippi Valley second vice Trust president of the morning, made his company, addressed stone steps leading into the way to the follows: the throng assembled bank there and as Bank Official Speaks. of The you anxiety is expressed here by out entirely uncalled for, so many reason. Not one person and withmoney through this trust will lose any shall conduct our business company, and our paid ular to condition "There manner. whatever is whatever. no should change We have in have to in financial our always regin the are going are just soon 'All everyone, open future accounts and will be to be do so paid as will Every other reguday will will paid no they delay. just paid presented which here. paid it falls account due There due. to. is for reason any lar turn. There today in your Your and money invested worry. at it want you in the conyour tract. of no that official positively the Valley Mississippi not do We been need to money. Chicago for money. Trust company We has financially with and everything are splendid shape us I think the is prosperous Lapanxiety preciate every trust your company in same St. Louis. true of that of gentleman this company and officer and assure stockholder you through groundless. :his company.- and you will your lose fears no money Henry M. Meir's of the Henry M. Meir, vice Statement. president

10. October 29, 1903 Perth Amboy Evening News Perth Amboy, NJ
Article from Perth Amboy Evening News, October 29, 1903

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ST. LOUIS RECOVERS Semipanic Has Subsided and Confidence Is Restored. BANK OFFICIALS NOW REST EASY The Situation Is Now Thoroughly In Hand, and Voluntary Offers of Help Come From Banks In Six Large Cities. ST. LOUIS, Oct. 29.-The statement of President Julius S. Walsh of the Mississippi Valley Trust company. whose sentiments are echoed by other trust company officials of St. Louis. that "the situation is thoroughly in hand, the excitement has subsided, and from this on we expect business will be conducted in the usual orderly manner," expresses the opinion that seems general after the unwonted financial conditions that prevailed here. Officers of all the trust companies state that voluntary offers of help were received from financial institutions in New York, Philadelphia, Chicago, New Or leans, Kansas City, Boston and many of the smaller towns of Missouri and Illinois, but all were declined for the reason that they had sufficient cash with which to handle their business. Expressions of confidence and offers of aid on the part of the national banks. financial and other institutions of St Louis have helped to strengthen the sit untion and restore confidence. "The flurry is over," said A. A. B. Woerheide, president of the Linco'u Trust company. "Long before our ular closing hour arrived all those nc desired their money had received It and departed. There is no reason for fur ther concern." President Julius S. Walsh of the Mis sissippi Valley Trust company said: "There is absolutely nothing in the pasi or present condition of our company to justify the slightest apprehension. Al demands of every kind have been met.' Festus J. Wade, president of the Mer cantile Trust company, said: "The Mer cantile Trust company received volun tary offers from financial institution of New York, Philadelphia, Chicago New Orleans, Kansas City, St. Josepl and San Francisco sufficient to pay of: every dollar of its deposits at oncé. Al offers. while highly appreciated, were respectfully declined, as we closed the day with over $1,000,000 more casl than we had when the silly run be gan."

11. October 30, 1903 The Stark County Democrat Canton, OH
Article from The Stark County Democrat, October 30, 1903

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BANK RUN CONTINUES Excited Depositors Are Demanding Their Money. Scripps-McRae Telegram. St. Louis, Mo., Oct. 28.-When the doors of the Mississippi Valley and Mercantile Trust Co. were thrown open this morning, long lines of depositors were in waiting anxious to withdraw their funds, the scare resulting from Tuesday's run not having died out. Most of those in line were workingmen and women. Each was told that 30 to 60 days' notice of intention to withdraw deposits would be required. No money was paid out, but the declaration of intention to withdraw was made by many. Financiers say the banks are perfectly sound and the scare is senseless. At the Mercantile Trust bank 15 police could not keep order and the crowd surged by and into the building. It is declared that the whole trouble was started by the malicious rumors of eastern speculators. The St. Louis Clearing House association is backing the banks, and new Orleans, New York and Chicago promise all the money needed to check the run. At 12 o'clock the crursh became so great the Mercantile, Mississippi Valley and Lincoln Trust company's offices that the doors were locked and only a few at a time were permitted to enter. Very little money is being paid out.

12. October 30, 1903 The Semi-Weekly Messenger Wilmington, NC
Article from The Semi-Weekly Messenger, October 30, 1903

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ment of President Julius S. Walsh, of the Mississippi Trust Company, whose sentiments are echoed by other trust company officials of St. Louis, that "the situation is thoroughly in hand, the excitement has subsided and from this on we expect business will be conducted in the usual orderly manner expresses the opinion that seems general tonight, after the unwonted financial conditions which prevailed here during parts of yesterday and today. Officers of all the trust companies state that voluntary offers of help were received from financial institutions in New York, Philadelphia, Chicago, New Orleans, Kansas City, Bosand many of the smaller towns and Illinois, for the reason that of declined, ton Missouri but they all handle were had sufficient cash with which to their business Expressions of confidence and offers of aid on the part of the national banks, financial and other institutions of St. Louis have helped to strengthen the situation and restore confidence. Long before 10 o'clock the hour of opening, lines of depositors stretched the away from the closed doors of Mississippi Valley Trust Company, the Lincoln Trust Company, the Mer- Miscantile Trust Company and the souri Trust Company. Small crowds of assembled before the doors were some of the other savings institutions of It was observed that most also. those in line were working people and of them women, whose savings 1 many were not heavy. Owing to the action the taken last night by the officials of trust companies doing business requiring thirty of intention to eight day in St. notices Louis, withdraw and to sixty get funds depositors were not able money. All they could do was to declare any their intention of withdrawing the their deposits at expiration of time limit. crush was before the the Mercantile doors The greatest of Trust streets. Comon Eighth and Locust o'clock the doors were S crowd surged in a and pany, At 9 the with of opened police force aside the lines employes le line to the of and serve that bank swept a regular formed windows policement to prethe paying tellers. The t unable to handle the crowds Mer- and e were Festus J. Wade, president of the it cantile Trust Company. mounted a n chair and made a statement that they unless the depositors formed in line builde would be all ejected from the imn He explained that it was ining. possible to wait on them if they manner. it on crowding in such a is sisted announcement had the desired order effect This and some semblance of S was restored. e 10 o'clock the crowd around in- the t By company's building had the e creased trust to such an extent that control e s police and were the totally officers unable stationed to at their the t it doors were swept away from they stations almost as rapidly as could regain them. Women who of con the stituted a large percentage and crowd were crushed in the jam torn n the struggle their dresses were po: in their hats knocked off. The crowd and in trying to handle the S pushed licemen many of them into the personal gutter, several instances init and fights in were averted only by the it terposition of cooler persons. n Shortly after the doors of the opened, MerIs cantile Trust Company were dis10 streets were crowded for a all tance the of several hundred feet and pracefforts to keep them clear were diabandoned, while the police toward rected tically their efforts chiefly at doors. maintaining some degree of order r the 1 o'clock in the afternoon, the the At of small depositors in trust uneasiness companies seemed to have were been this hour few depositors accounts or daily only removed. a balance At withdrawing there giving deposits nowithdrawal of - Mercantile and the who is at Many rice the of savings persons Mississipp! yesterday today and in some of is it Valley withdrew again companies. money opened. deposited instances accounts were new of the different 1- ef Officers savings institutions to the dereassuring speecnes this Ie before their doors e to send others away. silmade positors and The and arit helped of several boxes of gold by in express wagons deIe officers seemed to d armed ver rival restore crowd guarded before a he of confidence in the buildT4 as gree the Mercantile Trust Company er !ng. the other trust companies excess the its withdrawals At were but little in of the normal. One effect city d- of withdrawals the was observed at the pay ment of taxes. nd S- hall in the great increase in the