People's Pilot, Volume 2, Number 48, Rensselaer, Jasper County, 19 May 1893 — IT HELD OUT. [ARTICLE]

IT HELD OUT.

The Minneapolis Savings Bank Wins the Day Promptly Meeting All Demands the Run Soon Ends—Failures at Normal, 111., and Other Paints—Krastus Wiman Assigns. Minneapolis, Minn., May 17. —The run on the Farmers & Mechanics’ savings bank is over. When the bank opened Tuesday there was a large number of depositors in line and the number increased until two lines were formed, one of men and the other of women. Along about 11 o’clock, however, it became apparent that the climax had ‘ been reached. They were then in line--225 men and 178 women. At 12:30 not a woman was to be seen, all either having, been paid or returned home satisfied there was nothing to be scared about. At 1 o’clock there were seventy-five men in line, but a half-hour later the number had. diminished to fortyfour. These had all been paid off or gone home before the bank closed and the flurry was over. Less than four hundred depositors had withdrawn their money and less- than $150,000 had been paid out. Bloomington, 111., May 17.—As heretofore predicted, Schureman’s private bank at 'Normal closed its doors Tuesday morning, being unable to withstand a run made upon it A careful estimate of the condition of the bank, made by a banker of this city, places the liabilities at $85,000 or $90,000 and the assets at $72,000. New York, May 17.—Erastus, Wiman Tuesday made a general assignment to Lawyer David Bennett King of 44 Pine street. Mr. Wiman would not make any formal statement He merely said that the assignment was without preference. His debts are about $600,000;