Article Text
PRICE TWO CENTS. THE SAVINGS BANKS AGAIN. AN GIN OF THE OFFICER'S THEORY FLURRY. OF THE ORI. I Excitement Visibly Abacina-A who are Wholes Amble The for Officers Dividende some Lesson Make a Good Exhibit of side tious to scenes in and around the a more east temThe banks yesterday indicated and many savings feeling among the depositors, their deposits reperate Monday withdrew of the banks. who on their money to the vaults had been stored Citizens' Bank. preparation At half past At the meet an anticipated run. were outside 2 made to than a dozen persons whethnot more and they seemed uncertain ready tellers. the countere, draw out or pay in, while the greenbacks, exer to handled their piles of that as they almost a feeling of dissatisfaction to show the hibited had not had the opportunity obligations to de+ they bank to meet its one the officers said. ability positors. of the We have no The fears bank whatsoever," is solvent and its patrons. of meet any requirements of savings banks able to is that some of the endeavorThe trouble established have been when they more recently sixpercent. dividends, cent. ing to not declare realizing more four Under or five per the new were their investments. record Interest law. on the trustees are required dividend to debanking individual votes upon any will be their This being done, each trustee deficit. clared. individually responsible for of any the bank held should the earnings examination For Instance, to be $100,000. and an Superintendent be declared $75.000, the Bank trustees to show only the doors and force the continued, "is could close $25,000 deficit. This," he old bank. pay the Houble !ca Hutshell. The of inthe whole allowed themselves a margin have always have always dividends: hence they deposterest over to meet any demands made eagerness by ta Itors. been able The new showing, banks, declare in their dividends does not that nlmake a good on their investments insists upon a wars the interest justify. enforcement Now of that the Mr. law, themselves Eilis holding they the close trustees rigid their responsible. doors and ask to for save the appointment of street a recelver.' At the Savings Institution said: We in declare Bleecker four justines per cent. one of dividend, the officers additional and when our dividend. surplus which seven will cent. declare an six and sometimes howwe make the aggregate The money is always in hand, done per ever. before the Bond we do Street this.) Bank were nothing awaiting was the arAt The officers receiver. yesterday. W.S. Paine, the doors rival of Mr. Dry Dock Bank, as anxious soon as throng the of At the opened. yesterday, and an formed in dougle received row depositors were rushed in As each depositor visibly around money the from desks. the teller o'clock the excitement only a few par dehis subsided. and at the (bree bank. .. We President are able to said. all positors demands were made in feeling upon us, is the rapidly withdrawing subsiding. ) , There " The are feverian at least one-third and by to-morrow less business. I think their deposits to-day, down to our ordinary has erected a new ) we shall The settle fact that this little bank or no income is upon debuilding, from which much to do with the run But, he rived. has an bad officer of another the bank. Dry Dock Bank. it.' said " an institution millions like of dollars within which can raise can have nothing and added, certainly seven stood in to fear. around an hour, all the multitude word that was attered. Every this In bank. not a bent loud upon transacting expressing business , person seemed possible. coary even The of teliers did I as rapidly to most as intimate friends. countenances. and Bullen the views their duty with smiling their money with a fears I determination depositors received that bespoke alike their I at a ) and their needs. shows that in May S. Dick) Investigation bis name as Henry business / man who was gave a real estate agent doing sh deposit in son. 37 who Eighth avenue. made Savings a Bank, and then viot the at Ablogdon check. Square which the institutions. bank took in Soon deposited of the a rule of savings the bank from Mr. e lation checks began to said pour that in be upon received estate them busi- from Dickson. who transacted real what ) men with whom account be with the deposited bank became checks is ness. termed His an "active" daily. one. At length some from of the the checks and drew turned money out to the have bank's been raised officers learned sum 1 original Mr. figures, Dickson and had drawn Then a the much officers larger of the e that than belonged to him. Mr. Dickson. but raising be was a fund not bank be went found. to The see depositors to examine are the bank's to to books. employ and learn an expert to what extent they have been defrauded.
