of the Stock Exchange another stage of the panic passed.
The panic of 1907. Run on the Lincoln
Trust Company, Fifth Avenue entrance.
In spite of the use of the surplus of the Treasury the banks showed a
loss of $50,000,000 in actual cash during the five weeks of the panic.
Now demands were made on foreign countries for gold. The Bank of England
made no move to block the great withdrawals of gold except to raise the
official discount to seven per cent. The flow of gold did much to stay
the ebb of confidence.