OCR Text |
Show BANK RUN STARTED BY CASH PAYMENTS . r- . . r I,.. ; ... . , : CHICAGO,. Nov, 6. Cash payments of wages In Indiana harbor frightened the employees of the big factories there so greatly last week that they started a run on the Indiana Harbor State bank. The financial storm raged for three days and the tempest vm quieted solely by the sight of piles of currency and gold which . the bank officials placed In view of the ignorant foreigners who were clamoring for their money. The run was at last checked and nearly all the money that' was drawn out has been redeposited. Tha anomalous fright resulted from the fact that the Inland Steel - company at the end of tha previous week, on the regular reg-ular payday, paid in cash Instead of following fol-lowing Its old custom of giving the employees em-ployees checks drawn on the bank. This ' led to the conclusion that something was wrong with the bank, and the run ensued. |