Worry for a Great Depression bank

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Last seen on: NY Times Crossword 3 May 21, Monday

Random information on the term “RUN”:

Run (also known as Pulau Run, Pulo Run, Puloroon, or Rhun — pulau is “island” in Indonesian) is one of the smallest islands of the Banda Islands, which are a part of the Moluccas, Indonesia. In 1616, fearing the Dutch, the natives of the island pledged their allegiance to the employees of English East India Company, who accepted it on behalf of the Crown. According to historian John Keay who considers Pulo Run as the genesis of the British Empire: “As the island of Runnymede is to British constitutional history, so the island of Run is to British imperial history”. In the 17th century, the tiny island of Run was of great economic importance because of the value of the spices nutmeg and mace.

Run is the westernmost island of the Banda Islands, with a length of 3 kilometres (1.9 mi) and width of 1 kilometre (0.62 mi). The neighboring island of Pulau Ai is about 7 km east and the small islet of Pulau Nailakka is 700 m north.

During the history of the spice trade, sailors of the English East India Company of the second expedition of James Lancaster, John Davis, Sir Henry Middleton and his brother John who stayed in Bantam on Java, first reached the island in 1603 and developed good contacts with the inhabitants. A small settlement was first attempted on Pulau Nailakka.On December 25, 1616, Captain Nathaniel Courthope and 1st mate Zachary Barnett Duncan reached Run to defend it against the claims of the Dutch East India Company (VOC). A contract with the inhabitants was signed, accepting James I of England/James VI of Scotland as sovereign of the island. The Dutch were outraged over this threat to their monopoly on the extremely profitable spice trade. Courthope fortified the island by erecting forts to overlook approaches from the east, but lost two ships to mutiny and sinking by the Dutch, when they laid siege to the island. Courthope and 39 European defenders with their native allies held off the Dutch for 1540 days; however, after his death in a Dutch attack in 1620, the English departed the island. Finally in possession of Run, the Dutch proceeded to kill or enslave all adult men, exile the women and children and chop down every nutmeg tree on the island to prevent the English from retaking it. The VOC only allowed cattle to roam free on Run to provide food for the other islands. It was not until 1638 that the English tried to access Run again, after which VOC officials annually visited the island to check if they had secretly re-established themselves.

RUN on Wikipedia