| Show NCIALTIJRM I l lW YORK CITY l1e ckerbockcr Trust Company Tabl J60OOOOOO Profits Forced Its Doors to t Close and Make Demand for Their uun 10th it Finan It jand Second Largest l t Gothem sod r dal I Institution In 1e 1 Goes to the Wall eer our Ltork City Tho financial storm I aiaIt notability reached its height when credit > tho under dloP sill day COaat ace foundation of all business rate onekrl j for a time and before coufl ogee had been restored Now Yorks IAeu largest financial Institution piled Its cash vaults under the of the biggest run oxperl here In a generation a stock e firm had failed for 6000 PN kI streets principal securities Wed from 5 to f 8 a share call 61d 6 risen to 70 per cent and + trora5 pokers united to stem tho tide t Late at t had been forced to appeal cltdt tLeke Zief to the secretary of tho ° etL f at Washington ad SR Knickerbocker Trust company Qasp enter on Tuesday paid out oedepo t 10 d posltortl at tho rate of 44 Oreroa minute for three hours and then F Ills doors Tho directors had r thought fully prepared for a AILT ud j caused to bo announced In js papers that 8000000 Inns a10R0 In-ns on hand to meet all eventual estate it 930 a few depositors with t Leah their accounts and an hour after eoaallr i hundreds were In lime to take tarot lielr deposits at tho main office at fourth street and Flftli avenue aetAg lit the Harlem and Bronx and Lekec1t blown 1 blanches The 8000000 j until 1230 when Vice Presl 1T I 1 Brown announced that the EBBI had I no more cash available and tits were suspended Rs i Brown said that the bank would RS Wednesday and payments be re A at 1030 oclock Tho Knlcker eeklq a It was announced had ample deeds tles to meet all demands was rtJT solvent and It was only a n i of raising the cash when all DIN tors who wished to withdraw IAN do so |
