GREAT RUN ON A BANK.

Temuka Leader, Issue 2400, 17 September 1892, Page 1

GREAT RUN ON A BANK.

London, Sept. 13. The run on the Birbeck Bank continues. The directors sold half a million’s worth of consols to supply the demands of the depositors. Many of the latter waited all night, and thousands are still waiting. The police are marshalling them twelve deep along the streets. The newspapers are trying to restore confidence. The Birbeck Bank has £BOO,OOO invested in colonial inscribed stock bonds.

A thief robbed a depositor of £llOO at the moment ot withdrawal. Two others also lost large sums, but in the confusion the thieves escaped. Yesterday the sum of £20,000 was deposited in the Birkbeck bank. The height of the panic was readied today. The Hank of Kngland advanced half a. million of money. The run is chiefly confined to the sandiest depositors. Seven hundred depositors were paid their money to-day, and at 4- p in, the bank closed, but will reopen to-morrow. There avo signs of returning confidence. Sept IT. The Birkbeck Bank had to sell £IOO,OOO worth of consols more to meet the demand. The amount, however, withdrawn by the depositors on Tuesday was much smaller than on Monday. Latei;. The amount deposited in the Bhkbeck Bank yesterday was £21,000, though a slight run continues. Under a million has been withdrawn.