Article Text
# MONEY TO BE CALLED FOR
DUE TO DEPOSITORS IN DEFUNCT SAVINGS BANKS.
A LIST OF THOSE FOR WHOM SUMS EXCEEDING
FIVE DOLLARS EACH ARE HELD BY THE
STATE SUPERINTENDENT OF BANKING.
Albany, July 22. Among the functions imposed
upon him by law, the Superintendent of the State
Banking Department is obliged to become a sort of
second receiver of the assets of defunct savings
banks.
Between 1871 and 1879 some thirty savings banks
doing business in this State failed or went into liquida-
tion. The greater number of these were adjacent
to or in New-York City. The usual legal course was
pursued in the case of these insolvent corporations;
receivers were appointed and the affairs of each bank
closed up by due process of law, with the exception of
a few where a final settlement could not be made
because of undetermined litigation. The total amount
of deposits involved was something like $15,000,000, of
which about two-thirds has been paid to depositors in
receivers' dividends. Of course in this as in every
other business transaction of the kind, some of the
receivers were particularly good appointments, and
fortunately for depositors they managed the estate
of the defunct bank with prudence and realized all that
it was possible to realize out of the assets committed
to their care. Others, whether from lack of moral
force or financial skill, did not meet with the same
successful career. Hence the dividends paid by these
receivers ranged all the way from 15 to 87 per centum.
William F. Russell, receiver of the Sixpenny Savings
Bank, and Willis S. Paine, receiver of the Bond Street
Savings Bank, declared the largest dividends.
Under the provisions of the banking law, before a
receiver of a savings bank can be discharged he must
make a transcript or statement from the books of the
bank of the names of all depositors and creditors who
have not claimed the balances due them, and of the
sums due to each respectively, and file such statement
or transcript in the State Banking Department, at the
same time transferring all such unclaimed moneys to
the Bank Superintendent. The Superintendent is given
power to receive and receipt for these moneys and to
deposit them in some solvent savings bank in this
State to the credit of the Superintendent, in trust, and
he may pay over any balances to the owner thereof
upon being furnished with satisfactory evidence of his
right to the amount. The interest received from the
deposits is applied toward defraying the expenses of
caring for such moneys and the necessary clerical work
incident thereto.
Under this provision of the banking law there has
been deposited with the State Superintendent of Bank-
ing, in trust, $108,612 93, and he has paid on claims
presented $32,658 92, leaving still in his hands upward
of $75,000 in unclaimed balances which is due to the
depositors in the following banks:
Mechanics and Traders' Savings Institution,
Sixpenny Savings Bank.
Bond Street Savings Bank.
German Savings of the Town of Morrisania.
People's Savings Bank.
Mutual Benefit Savings Bank
Abingdon Square Savings Bank
German Uptown Savings Bank.
Central Park Savings Bank.
Clinton Savings Bank.
Security Savings Bank.
New-Amsterdam Savings Bank.
Morrisania Savings Bank.
Oriental Savings Bank.
Union Savings Bank of Saratoga Spa.
Trades Savings Bank.
Park Savings Bank of Brooklyn.
Clairmont Savings Bank.
To the rightful owners or their heirs of these
balances still in the superintendent's hands Mr.
Preston stands ready to pay at any time upon applica-
tion. Claimants have but to forward their pass-books
to the superintendent at his office here with an order
inclosed to pay the balance still due, or in the event
of the loss of the pass-book to furnish an affidavit of
that fact, containing sufficient facts to establish
identity and rightful ownership. Herewith are given
the names of persons entitled to balances amounting
to $5 and upward. Besides the amount due the
depositors whose names are here given, there are
between 2,000 and 3,000 depositors whose balances
are under $5, and which in the aggregate make many
thousands of dollars, the amount of them in the
Sixpenny Bank making $20,000.
# MECHANICS AND TRADERS' SAVINGS INSTITUTION
John Austin, Allemannen Lodge No. 3, A.
Allison, John Anthoine, Henry Abraham, Deboriah A.
Allison, Edward W. Arthur, William Anderson, James
Arnold, Louis Astrich, Polly Adolfe, Ellen J. Blevin.
Frederick Bohde, Samuel Burrows, Patrick I. Brennan.
Bridget Best, John T. Bucke, C. A. Bartholomew,
Maria Barnes, Albrecht Benhert, James and E. Biringer.
Cornelia Brown, James Bennett, Leslie D. Boyd,
Margaret Block, Clodoner Boucher, Isaac Butterfield.
John Carlin, Cremieux Benevolent Society, leze-
kiah Couch, Ellen Couderes, Coachmakers' Union
No. 1. Annie T. Carbrey, Thomas F. Clinton,
Charles P. Champion, in trust: Charles P. Champion,
C. M. Cowell, Eliza C. J. Caumann, Maria A. Clerch,
R. Dudgeon, trustee James Dunn, Frederick Elmers,
Ann Ellingham, J. W. Ekerson, Patrick Farrell. Barney
Farnin, George Fox, Edward A. Frazier, H. Frost,
Robert Farley, John Fitzpatrick, James Fay, executor;
Marcellor Fay, H. Frost, Edwin Gibbon, James S.
Green, P. Grebbe, H. H. Grebbe, administrator;
James Grimmond, Eliza Graham, German S. Z. Cong'n,
O. H. George and another, John Hughes, James How-
land, Hannah Howell, George Hyenlein, Ann Hill,
Eliza T. Hunter, D. Hyland, Margaret Hendrickson,
John Hendricks, Matthew Haffner, James Harper,
Henry Clay Matual Benefit Society, Francis Herman,
Jr., David Hanna, Phillip Henry, Immanuel Lodge,
T. S. U. O.; Hester Inslee, Jacob Just, David Jones,
James Kelly, Maria A. Kavisch, Sarah J. Knox, Pat-
rick Kelly, Henry Knebel, Emilia Kruger, Jane A.
Kelly, Matthew Kelly, Ernest Kathenhorn, Thomas
Kuman, Charles F. Koch (Dorothea Ross, administra-
trix), F. J. Kallenborg, Leonie Kantz, J. Kenny, Anna
Kohnken, James Lockstand, Elizabeth Lang.
David Lent, John J. Lynch. Elizabeth Lamb, Andreas
Leahner, William Lane. Jacob Mulford, Mechanics'
Mutual Protection Society No. 62, Amanda Marshall,
executrix: Louis Mount, jr., Patrick J. McGinnis,
James McKinley, Annie Madigan, Alfred Marshall,
Mary W. Majamesi, A. Mary Mott, Catharine Mc-
Cauley, Fritz Muir, Margaret McKeone, Margaret
Moses, B. Allen Murol, Francis Marsuler, Louis Nies,
F. Nermule, Charles J. Naylor, Christopher Neubrand,
David W. Noyes, W. O. Nall, Mary Ott and another,
Putnam Chapter No. 8, O. of A. A.; Palestine Lodge
No. 204, Janson Peppard, John M. Perkins, Pearson
M. & Co., trust, Robert Park, Margaret Paul, Moses
Patterson, Ellis L. Price, trust, Abram C. Price,
Aug. Poger, Thomas J. Rose, Nathan S. Reed, Amy M.
Reynolds, Cassie Rhoner, James Rafferty, John Rofer.
T. B. Russum, John Robertson, Ellen Reilly, Catharine
H. Romey, Maria Roloff, Henry M. Smith, Ed-
ward Sellers, Sammis Alexander, Jane Shonnard, Susan
Smith, Frederick W. Steuben, William Schneider,
Charles Schumaling, Thomas Scott, Mary Ann Smith,
Caroline Schultz, Herman Schumaker, Ellen M. Shugg.
F. G. Smith, A. A. Scheidler, David L. Loper, P.
Stoughton, etc., Thomas Shields, George F. Simpson,
Margaret Thies, Margaret Terry, Henry Tigges, Abram
V. Terhune, Peter and James Trainer, C. Tipper,
Margaret Tully, Augustus Udile, Philip Uihlinger,
Margaret Vernocke, Rosanna Van Dyke, trustee,
John F. Van Dyke, Andrew M. Van Beurden, Mary
Ann Wahter, Bennett Wilson, John Watkins, Solomon
Weil, Maria A. Walker, John Walker, William Ward,
Charles H. Wood Melinda Wolf H. A Whitefield
