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ANOTHER BROKEN BANK, Another Consequence of the Ocean Bank Failure-The Central Savings Bank Suspended. The Legislature of 1870 granted a charter to certain gentlemen for the establishment of a savings bank at Forty-second street and Sixth avenue, under the title of the Central Savings Bank. owing to some difficulties the bank did not go into operation until a year ago last June, when Charles Peck, formerly President of the Mechanics' and Traders' Bank, located in the Bowery, was chosen President, and other officers elected. They at once commenged business, and have had a fair measure of success, the name of Mr. reck giving confidence to the institution. The depositors were numerous, but the amounts were small, aggregating about fourteen thousand dollars. The Central kept oln deposit at the Sixth National a small amount, against which they drew as occasion demanded, the balance of the deposits being placed in the Ocean Bank until such time as the trustees saw a good opportunity to invest it in proper securities. When the Ocean Bank collapsed they had on deposit $12,000, and owed depositors about $14,000. Since then they have secured $3,000 accommodation from another bank, and commenced paying off depositors-a work that was continued until Thursday, when, running short of funds, they were compelled to suspend payment. Mr. Cnaries Blondell, the Secretary, from whom the above facts are gleaned, reports that the indebtedness of the institution to depositors 18 $12,000. To meet this they have office furniture valued at $5,000, three notes of hand aggregating $1,400, and the $12,000 locked up in the Ocean Bank. He is gune sanguine of the ability of the institution to pay dollar for dollar so soon as it realizes from the Ocean Bank; but it IS believed the officers will be compelled to take advantage or the sixty days' grace allowed by law. He reports the depositors not at all alarmed, and that they are satisfied that in time they will get all due them, without the intervention of a receiver, who would cause delay in winding up its affairs. The present officers of institution are Charles Peck, President; John H. Wilcox, Vice President: Charles Blondell, Secretary; Leonard Hazletine, Cullen Ward, Joel W. Mason, James R. Marvin. Thomas E. Tripler, Charles Peok, Joseph M. Stuart, John H. Wilcox, John E. Hazelton, Charles Biondeil, John Farrell, Z. M. Quimby and E. B. Kenney, Trustees. The secretary reports that within a week they have reduced the deposits by $3,000, leaving their present indebtedness to depositors $12,000. The friends of the institution express great sympathy with Mr. Peck, the President, who, It IS said, by careful management, buit up the Mechanics' and Traders' Bank to its present prosperous condition, when he was ousted by a combination, who had profited by his Irugal management, by a majority of one vote on the election for President. Mr. Peck then directed all his energies to make this new institution a success, and was working without salary, when the collapse of the Ocean Bank settled the fate of his infant bank, that promised to become a large institution. The Eighth National Bank-A Lively Meeting of Depositors. A meeting of depositors of the above defunct bank was held last evening at the Sinclair House in obedience to the call of a number of well known citizens. Five minutes before the hour at which the meeting was called a stockholder (as drunk as he could well be) called 1or the expulsion of all the reporters of the press. Dr. Humphries, one of the stockholders, was called to the chair, and by a unanimous vote the seven reporters present were requested to remain. The drunken stockholder then demanded that each reporter should prove his connection with his journal. The depositors then hooted him, and he was the only one present who voted aye. The Chairman onally secured order after one or the drunken depositors had been quieted, and a meeting that at its inception promised to end in a light resulted in the appointment of the following gentlemen (depositors) as a committee to confer with a similar committee to be appointed by the bank officers-the joint committee to examine the bank's condition and report:-Archibaid Johnston, J. H. Stevenson. Dr. B. C. Berry, George W. Elder, detective Central Police Office, and Augustus Douvalle, Jr. Mr. JOHNSTON, as chairman of the committee, announced that it would meet and organize at the Sinclair House, at eleven o'clock to-day. The meeting then adjourned, subject to the call of Mr. Johnston, chairman of the committee.
