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TO ENFORCE THE TIME CLAUSE. ACTION TAKEN IN ALBANY, BINGHAMTON AND OTHER CITIES-MASSACHUSETTS BANKS IN LINE. Albany, July 31.-The trustees of the Albany Savings Bank met to-day and adopted a resolution to pay depositors the amount due them on demand without notice. The deposits in this bank amount to $15,500,000, and the surplus to $2,500,000. The bank has about $515,000 on hand. The trustees of nearly all the other savings banks in the city met to-day and the sentiment expressed was in favor of enforcing the sixty days' notice from depositors. The only banks which to-day required such notice were the Albany City Savings Institution, the Home Savings Bank and the National Savings Bank. Binghamton, N. Y., July 31.-Binghamton's savings banks have decided to demand sixty days' notice of withdrawal of Sunds by depositors. Boston, July 31.-At a meeting in the Parker House to-day of representatives of eighty-three savings banks of the State It was voted to recommend that the banks take action at once in applying the restrictions against the withdrawal of large deposits without notice. Fall River, Mass., July 31.-This morning the savings banks of the city took advantage of their by-laws to prevent any' further withdrawals of deposits and depositors will not be allowed to withdraw large sums except after having given thirty or sixty days' notice. This action was necessitated as a result of heavy withdrawals in the last few days. It Is said that last week the withdrawals were $100,000 in excess of the deposits. Providence, R. I., July 31.-The Merchants' Savings Bank called for ninety days' notice on withdrawal of deposits to-day. New-Haven, July 31.-Early this morning n startling rumor became current to the effect that there was to be a run on the local savings banks. About 9 o'clock it became known that the directors of the three banks, the New-Haven, the Connecticut and the National, had held meetings and had decided to avail themselves of the provision In their charter, which provides that notice varying from three to four months shall be given by depositors wishing to withdraw money. This fact increased the excitement and soon the corridors of the Connecticut and New-Haven banks were packed with anxious depositors. They were Instructed regarding the action and were allowed to draw Interest. and most of them availed themselves of this. That the banks are perfectly sound there Is no doubt in the minds of all the prominent local business men, and their action in protecting panic-stricken patrons is generally regarded as a wise movement.
