Salt Lake Tribune | 1901-02-20 | Page 1 | Run on a Bank

RUN ON A BANK I Unfounded Rumors Almost Cause a Panic in Allegheny Pa Plttsburg Pa Feb Unfounded rumors caused a run on the German National bank Allegheny today during dur-ing which 1SO000 was paid out The excitement at one time was Intense causing almost u panic and giving the police alt they rould do to prevent an outbreak In the crush around the door of the Institution one lady Mrs Mary Fogal was seriously bruised The bank Is u State and National bank und one of the most reliable In the city Cashier Helms bald tonight that every demand would be met promptly tomorrow or any day Within With-in an hours notice ho can ho says have 2000000 on hand for payment He said most of the raiders today were foreigners l who had somehow got the impression that because of the fact that J F Hoffstett was president ot the bank and also president ot the Pressed Steel Car company the car company was receiving unwarranted faVors On the contrary he said the car company was one of the heaviest depositors and bad never negotiated or I asked for a loan