Treasury to be used for the aid of beleaguered institutions. For more
than a week the crowds of depositors sought their money. The lines were
not broken at night until the police hit upon the plan of giving to each
individual a ticket denoting his place in the line. The Trust Company of
America alone paid $34,000,000 across its counters and still crowds
thronged the streets. At length the enormous reserve of the Treasury was
exhausted and it became necessary to delay and deliberately to make slow
payments. Through loans made by other banks the Trust Company of America
and the Lincoln Trust Company, which had endured the hardest sieges,
were saved and now the panic entered its second stage.