2d185331Accommodated withdrawals, Partial suspension, Books examined
Other: Legal action (suit by depositor and Attorney General) led to appointment of receiver.
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Run on the Long Island Savings Bank, Brooklyn. NEW YORK, Aug. 15.-There is considerable excitement in Brooklyn on account of a run on the Long Island Sayings Bank, corner of Fulton and Brecreum streets. The directors resolved to take advantage of their legal right to sixty days' notice for any amount exceeding 20 per cent. of depositors accounts.
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Run on a Savings Bank. [Special to the Democrat.] NEW YORK, Aug. 15.-Some excitement was occasioned in Brooklyn to-day on account of a run on the Long Island Savings Bank. The officers of the bank declare it to be perfectly solvent.
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Run on a Savings Bank. NEW YORK, August 15.-There is considerable excitement in Brooklyn on account of a run on the Long Island Savings Bank, corner Fulton and Boeream streets. The directors have resolved to take advantage of their legal right to 60 days' notice for any amount exceeding 25 per cent of depositors' accounts. The officers of the bank declare it to be perfectly solvent. The announcement of discrepancies in the accounts of the Long Islang Savings Bank, of Brooklyn, created some excitement among depositors this morning. There was a slight run on the bank, but the directors decided to take advantage of the sixty days notice for any amountex ceeding 25 per cent, and the run was thus limited. The officers of the bank say that it is perfectly solvent, that depositors will get every dollar they have deposited, and that there is no occasion for alarm.
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NEW YORK CITY. Savings Bank Excitement. National Associated Press to the Star. NEW YORK, Aug. 16.-Some of the depositors of the Long Island Savings Bank, in Brooklyn, were excited yesterday over published discrepancies in the accounts of that institution, and this feeling culminated in a slight run on the bank. The directors held a meeting and resolved to take advantage of the sixty days' notice law for any amount exceeding 25 per cent. of the deposit. Officers of the bank say it is perfectly solvent. There are at present not over five or six thousand depositors, and there would seem to be no doubt but that even if the bauk goes into the hands of a receiver they will all get their money. The Independent Party. A private meeting of the Council of the Independent Party, under the auspices of the Breadwinners' League, was held yesterday for the purpose of consulting on the destrability of holding a State Convention. The Case of Donohue, the alleged leader of the force of strikers at Hornellsville, came up in the Supreme Court yesterday, but as no interrogations nai been filed by his counsel the case was adjourned until Friday. Sale of Shoes and Rubber Goods. The first extra large fall trade sale of boots, shoes and rubbers was largely attended. Bidding was lively, and the quantity sold was far in excess of what was anticipate Prices, owever, show a falling off from those obtained at Boston at the beginning of June. Over three thousand cases of rubbers were sold.
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General News. L. W. Morse, representing the stockholders of the Hanuib 1 and St. Joseph railroad, has served a notice on the offic rs of said road at St. Joseph that be will apply for a receiver on Monday next. Patrick Markey, a notorious counterfeiter, has been arrested in Philadelphia. H , 18 said to be a fugitive from Chicago. Indict ments are also pending against him in Jefferson City, Mo., and Richmond Va. The reported coufl igration at Port au Prince, Htyti, consisted of the burning of a hotel called the Riviere, an ice deposit and the French trans-Atlantic steamship offi e. The French company lost all their documents. The excitement in Brooklyn N. Y., over the suspension of the ong Island Savings Bank continues, notwithstanding the official announcement that the bank is perfecty solvent, and that the shutting down under the sixtv-day rule is in order to avoid needless sacrifice of securities. At the New York Park races yesterday the 230 race was won by Jennie Holton, Sheridan second, Driver ibird-time 2.231, 2.221, 2 22, 2 221. Sheridan took the first heat. Three heats were trotted in the 222 race, but on account of a storm it was postponed. Comee won the first and second heats and Maybird the third-time 2211. 221, 221.
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SHUT BUT FOLVENT.- - The excitement in Brooklyn, N. Y., over the suspension of the Long Island savings bank continues, notwithstanding the official announcement that the bank is perfectly solvent. and that the shutting down under the sixty-day rule is in order to avoid needless sacrifice of securities
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News of the Day. There was an enthusiastic and patriotic demonstration at the White Sulphur Springs last night, elicited by the presentation of Gov. Hampton. of South Caroliga, to the troops of the two Virginias encamped there. The several commands were in line, and the whole comvisitors many out from the pany, poured comprising parlors from band and of ball the States, room. First After welcoming airs from the Virginia Regiment, its colonel, Bradley T. Johnson, delivered a neat introductory speech, which was followed by stirriug speeches from Govs. Matthews and Hampton. The United States Minister to Greece says that this country can now and henceforth control a large extent of the grain markets of Europe. Russia, he says, has heretofore been our only competitor, but late improvements and adenable us to grain on vantages place shipboard the fifteen per cent. less than can be done in ports of Russia. He is persuaded that with reasonable efforts OD our part we can control the English, French and Italian markets. The amount appropriated by the Legislature of Georgia to defray the expenses of the Constitutional Convention, now in session at At. lants, was expended several days ago. The Attorney General has decided that the Treasurer cannot legally exceed the appropriation. There was much excitement both in New York and Brooklyn yesterday in regard to the suspension of the Long Island Savings Bank. Both the Secretary of the bank and its counsel insist that it is entirely solvent, can pay all its liabilities and have a surplus. A collision occurred on the Eric Railroad between two freight trains at the junction east of Greycourt, at au early hour this morning. The conductor, S. W. Hurd, had both legs eut off and received severe internal injuries. In Baltimore yesterday nineteen young la. dies, novices of the Order of "School Sisters of Notre Dame" took the seven years' vows, assuming the black veil. This order has its priocipal scat at Munieb, Germany. The kerosine oil works of Denslow & Bush, in South Brooklyn, were destroyed by fire last night. Loss estimated at $7,000; insurance about $2,000. The iron steamship Western Texas, just completed at Roach's shipyard, Chester, Pa., for the Mallony line, left for New York this morning. The Cumberland county, Maine, republican convention, yesterday, adopted resolutions endorsing President Hayes' policy. Rev. Ass D. Smith, D. D., ex-president of Dartmouth College, died in Hanover, N. II., yesterday. Ile was nearly 73 years of age. The probibitionists will hold their State convention at Worcester, Massachusetts, 00 Sep. tember 12th. Erwin Casky, colored, shot and mortally wounded his wife in church at St. Louis last night. Later reports of the condition of Senator Morton say that his physicians agree that he has improved, and will speedily recover.
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NO RUN ON THE LONG ISLAND BANK. There was no run on the Long Island Savings Bank of Fulton-st., Brooklyn, yesterday, on account of the determination to require sixty days notice before the withdrawal of large deposits. A large number of persons having small deposits drew out the $10 allowed them, and some gave notice of their intention to withdraw all their deposits at the end of the sixty days. None of these had larger amounts due them than $500. Some of these having larger amounts in the bank, after listening to explainations of officers, declared their intention to allow their money to remain. The bank authorities took no further action yesterday, they have concluded to allow affairs to remain in their present condition until they can confer with the State Superintendent. They claim that the investments and securities of the bank are unexceptionable and that the only possible ground for criticism is the investment 11) the bank building. In this respect, however, they claim that they are in the same position as all other savings banks which invested in real estate when it commanded high prices, but which have not become naturally depreciated in market value.
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LONG ISLAND BANK. Its Doors Closed at the Suit of a Depositor. APPOINTMENT OF A RECEIVER. The Result of the Last Examination-Deficiency Over $75,000. The information received from Albany, in Brooklyn, yesterday afternoon, announcing the fact that action had been taken by the Attorney General of the State to close the Long Island Savings Bank, created con. siderable excitement among the depositors in that institution, though the event has not been unlooked for since the HERALD'S publication of the Bank Inspector's report, in August last. Suit was begun in the Supreme Court, before Justice Pratt, by William Stewart, a depositor in the bank named, who had a balance of $793 97 to his account, yesterday afternoon, to wind up the business of that institution and to have a receiver appointed, and also to enjoin the bank officials from paying out any of the funds. The complainant alleges that the defendant is insolvent, and has been practically so since August 16, 1877. Certain depositors have given notice, under the sixty days' rule, to withdraw their moneys, and the complaint sets forth that, 11 the bank is not restrained, these persons will get their deposits in full, while others will be left out In the report the bank building is set down as being worth $230,000, whereas its actual cost was only $200,000 and its present value is not over $125,000, so that, it is set forth, there is a defictency of about $75,000 or $80,000. Hence the com. plainant asks for the appointment of a receiver and an injunction to enjoin the bank officials from paying out any funds The application for a receiver was made by General B. F. Tracy, counsel for Mr. Stewart. THE FAILURE PREDICTED. General Philip S. Crooke, counsel and vice president of the Long Island Savings Bank, said that the institution in question was decreed bankrupt on August 16 by the newspapers. Notwithstanding that fact it had funds sufficient to pay all it owed. but if it was rele. gated to legal adjustment it must be relieved from all responsibility. The building was the only thing in dispute, and owing to the present depressed state of the real estate market it could not be turned into cash in sixty days. Counsel for the complainant said that there was no allegation of mismanagment or misappropriation of funds by any person connected with the bank. Every. thing had been honestly managed and all the securities were there. The only thing was the Investment in the building, and in these times of financial excitement it was undoubtedly true that they could not get enough for it to preserve their solvency. General Crooke remarked that the bank building. which was erected in 1869 with the approval of the Bank Superintendent, should be taken at cost and that the institution was solvent. Justice Pratt, after hearing the argument. appointed Mr. Mortimer A. Ogden as receiver of the Loug Island Savings Bank, in a bond of $100,000. The Court also enjoiued the bank officials from paying out any funds of the institution. THE RECEIVER. Mr. Ogden, whose appointment 18 agreeable to the bank officials. is a retired merchant, and is possessed of a considerable fortune. General Crooke says that under the management of such a man he believes that the bank can pay twenty-five per cent cash by October, and up to January next filty per cent more, .as the mortgages are cashed. The building is productive, by renting the part now occupied by the Dank, of $10,000 a year. If the building is kept until it can be sold to advantage the increase on its value will pay the other twenty-five per CORL This hopeful view of the solvency of the institution will tend considerably to abridge the disappointment of the depositors, EXAMINATION BY GRORGE W. REID. The condition of that institution has been pretty generally explained to the readers of the HERALD. but the exposures made by the more recent examinations of the department are, it possible, more astounding than the original ones. As early as July 30, 1877, Mr. Launb, then only deputy, called the attention of the bank to the discrepancies between its reports and those of the bank examiners, and, when he came in charge of the department, ordered the examination upon which the bank 18 now closed. The following IS the latest examination:RESOURCES
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What Depositors are Likely to Get Ou Wreck-A Costly Edifice. The Long Island Savings Bank in lyn was yesterday in the hands of its 1 Mr. M.C. Ogden, who having filed his 1 $100,000. received all of the bank's asset and papers, and gave his receipt 1 There were no clerks at the usual pl cept one, detailed to comfort doleful do who dropped in to make inquiries. A formation vouchsafed was that the bar doubtless be able to pay seventy-five per its deposits by the 1st of next January, if good luck attended the receiver the work out more in time. The truster meeting to talk over the situation, : seemed to agree that the best thing I done in the appointment of a rece answer to the notice served from the A General's office on the officers of the 1 quiring them to show cause at Schene Sept. 23 why 11 receiver should not be ed. Col. E. B. Fowler. the Secretary, w the bank was already in the hands of a This will prove an estoppel to all pro on the part of the Attorney-General, Mr. Ogden found the securities hel bank as they had been represented were no fancy stocks or doubtful bond them. There were Wawarsing bonds ing to $4,500. and Plattsburgh bonds an to $21,000. with which he was not tam he understood they were perfectly go Ogden said that he should make an em clare a dividend of twenty-nve per ce) 1st of October if possible. He believe seven per cent, mortgages. which h carefully placed. would easily sell for 1 value. Mr. John C. Perry. counsel of 1 thought that over seventy-five per COT bank's indebtedness could be paid if 1 ing was properly managed. If it WHS 1 the market, there must be it heavy I Perry said further that Between $8 $10,000 would be saved to the bank in by the suspension, and that amount deducted from the bank's liabilities. It is asserted on good authority that t ty towns of Kings county have nearl their money in the Long Island Savin but the bank officials yesterday showed lar reticence. They said that it wasn' tom to tell who a bank's depositors \ that the public had no right to the info
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THE LONG ISLAND SAVINGS BANK. Mortimer C. Ogden, of Brooklyn, who was appointed receiver of the Long Island Savings Bank, is now engaged in the examination of its financial condition, It is now proposed to pay off about 25 per cent of the deposits during October. The receiver will make an effort to raise sufficient funds before January 1, 1878, to pay 50 per cent more at that time; but this will not be done if it is necessary to sacrifice the securities of the bank in order to do P.O. With 75 per cent paid, there will still remain the bank building.
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BROOKLYN'S BROKEN BANK. THE RECEIVER RESTRAINED FROM FURTHER ACTION. Mr. M. C. Ogden, the newly appointed receiver for the Long Island Savings Bank of Brooklyn. was at the bank early yesterday morning making the necessary arrangements for the payment of twenty-tive per cont to the depositors on their deposits. During the morning a number of the depositors called in and were pleased at the progress which was being made toward an adjustment of the affairs. A number expressed their willinguess to sacrifice twenty-five per cent on their deposits it necessary, in order, it possible, to save the bank building, and Mr. Fowler, the secretary, said he did not know but that such an arrangement might be carried out. Shortly after noon, however, a messenger arrived from the Attorney General's office in Albany and served upon Mr. Ogden, the receiver, a temporary injunction, restraining him from taking any further steps in the receivership, and also restraining the bank officials from turning over any more of the assets of the bank to the receiver; but as all the assets had already been turned over that part of the order 18 without effect. The order to show cause was as to whether the appointment of Mr. Ogden as receiver by Judge Prait should not be set aside on the ground of collusion with the bank officials. It is intimated in the complaint that the bank officials know that the Attorney General was about to take steps to close the bank, and that through the connivance of the bank officials the suit of one of the depositors was brought last week, the order 10 show cause being granted on one day and reurnable the next; that the bank officials made no opand to the appointment o! a receiver, and that it was done with their knowledge and condivance. The order was granted by Judge Learned, of Schenectady, and is returnable before him within twenty days.
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GENERAL NEWS. Henry Compton, English comedian, is dead. The Portugese historian, Herculano de Carvelho, is dead. The Turks have recaptured the redoubts near Plevna which they lost on Tuesday. About 3,000 Spanish troops have arrived in Cuba during the last ten days. In St. Louis to-day wheat is excited and higher: No. 2 red $1.21@1.21½ cash. The President is to have a public reception at Jeffersonville, Ind., next Tuesday. The Long Island savings bank, Brooklyn, has been placed in the hands of a receiver. Mukhtar Pasha telegraphs that the Russians have evacuated Ardahan and retired to Fort Emiroglen. The amount of bullion withdrawn from the Bank of England on balance to-day was £25,000. Hiram Cranston, proprietor of the New York Hotel, New York, died this morning. Gen. Grant was to-day presented with the freedom of the burgh of Ayr, Scotland. Gen. Sherman was expected at Walla Walla, Oregon Monday. He is to return from there to Mount Idaho. In New York to-day flour is in steady moderate inquiry and wheat is quoted 1/4 @1/2c better, with sales mainly at call. Legal proceedings have been commenced
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BROOKLYN'S BROKEN BANK. THE LAST PROPOSITION FROM THE TRUSTEES TO THE DEPOSITORS. The officials of the Long Island Savings Bank feel pretty certain that the litigation through which they are about to pass will be attended with considerable expense, and in the end the depositors will have to suffer a loss. Should the Attorney General succeed 11. appointing a receiver to take charge of the institution all hope of patching up its alfairs will be at au end. They have therefore been devising plans through which to escape the pending difficulties. The total deposits in the bank amount to $850,000. The cost of the bank building was about $200.000, and they estimate the value of their real estate at $222,000. The superintendent of the banking department has stated that the present Value of the bank building does not exceed $98,000. The trustees contend that this 18 not a fair estimate. At a meeting yesterday they appotated a special committee to make the best offer that could be made to the depositors, with a view to rescuing the bank from its present embarrassments. The committee consisted of Messrs. E. G. Webster, Franklin Bell and John C. Perry. PROPOSITIONS TO THE DEPOSITORS They made au exhaustive examination of the affairs, and then offered the following proposition to the depositors:First-The trustees to retain all the assets. including banking building. Second-10 pay to depositors wishing to close their accounts eighty per cent in cash, as follows:-One-hait in thirty days, and the remainin. half in sixty days after the acceptance of this prop 18. tion. Third-Depositors not in immediate need of their money to be paid in full as follows: Twenty-five per cent in six, twenty-tive in twelve twenty-five in eighteen, and twenty. five in twenty-lour months after the acceptance of this proposition. Fourth-Each depositor to elect which proposition he wit accept. but all must assent to one or the other. Firth The trustees to give a satisfactory guarantee that they will perform their part. Sixth-This offer is on condition that all legal proceedings against the bank be discontinued. SEPTEMBER 22. 1877. Mr. Perry said that there would probably be about $200,000 drawn out at once 11 the proposition was accepted. The consent of the Attorney General would have to be obta ned LO discontinue the litigation already begun. The trustees say they are ready to give bonds ID the sum of $200,000 for the faithful performance of their part of the contract.
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An Unsatisfactory Proposition. The proposition of the directors of the Long Island Savings Bank to pay eighty per cent to depositors, half in thirty and half in sixty days, or to pay the full amount of deposits in instalments, in six, twelve, eighteen and twenty-four months, provided the Attorney General will withdraw the proceedings he has instituted against the bank, is said to meet with a favorable response. This statement comes, however, from the officers of the bank, and should, therefore, be received with some caution. Ex-Senator Perry, the counsel of the bank, according to the Brooklyn Eagle, makes the assertion that many of the depositors "are surprised at the liberality of the offer." That is to say, the people who have been induced to place their money in the keeping of the Long Island Savings Bank, in the belief that the institution was in as sound a condition as the sworn statements of its officers have alleged it to be, are "surprised" at the "liberality" of the men who, having victimized them by false representations, now propose to rob them of only twenty per cent of their deposits. The depositors will be fortunate if they receive back eighty per cent of the money they have been foolish enough to intrust to the bank. But they cannot safely rely on the honor of men who have combined to cheat them into the belief that the bank was solvent in order to obtain their deposits. If the directors and trustees mean honestly to pay the amounts they propose they can do so through a receiver as well and better than through any other agency. If they intend to secure the depositors it must be by making good the deficiency out of their private resources. This they can do through a receiver. If the bank and its assets should be left in their own hands there is no certainty that their promises would be carried out. The bank has been insolvent since 1869 and has been a fraud on depositors ever since that year. If the trustees and directors are now repentant and are willing to make the best amends in their power to their victims they certainly cannot object to do so through the medium of an honest and disinterested receiver. The very fact that they are so anxious to retain the trust they have abused in their own hands is sufficient to cast suspicion on their motives.
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The Long Island Savings Bank. The broken Long Island Savings Bank of Brooklyn now has the privilege of promptly paying its de. positors according to the terms of the propositions the directors recently submitted to them On Saturday Judge Landen of the Supreme Court at Schenectady nalli. fled the order of Justice Pratt of Brooklyn. appointing Mortimer Ogden a receiver. and the bank is authorized to wind up its steurs immediately The proposition of the bank that met with the most favor among the depositors was to pay eighty cents on the dellar, one. half in thirty and the balance in sixty days. About 2,300 signature were obtained The other proposition was to pay one hundred cents on the dollar in installments of twenty-flve per cent in twelve, eighteen. and twenty-four months Attorney-General Fairchild had obtained an order to restrain the receiver from entering upon the performance of his duties: also to show why Justice Pratt's order should not be set aside on the ground of fraud.
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# LONG ISLAND SAVINGS BANK. Justico Pratt, of the Kings County Supreme Court, granted an order yesterday discharging Mortimer C. Ogden as receiver of the Long Island Savings Bank, and directing him to turn over all the funds to the trustees of that institution, who have been empowered to settle with the depositors. The order was granted with the consent of counsellors B. F. Tracy and John C. Perry, and in conformity with the recent decision given in the case at Schenectady. The sum of $3,500 is to be allowed the receiver for expenses.
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A SAVINGS BANK RESCUE. The trustees of the Long Island Savings Bank, having obtained permission from the Court, have now reorganized the concern so as to close its accounts without the interference of a receiver. Of the depositors, 94 per cent agreed to the terms of settlement proposed by the trustees; this is a large percentage to bring to any agreement, when it is considered how widely scattered and difficult of access many of the depositors of a savings bank must always be, and what the chances are of finding utterly obstinate people among them. The terms of settlement gave the option of 80 per cent of a deposit within sixty days, or to be paid in full by instalments scattered through two years. This settlement gives great joy to the good people of Brooklyn, who have felt the failure of the bank as a disgrace, since several of its managers are of prominent social position. As the compromise was voluntary on the part of creditors, it relieves the trustees from any accusation of dishonor in the management; this was the more desirable because the Bank Superintendent had been inclined to question the rectitude of some of the past transactions of the bank. It is always fortunate to be able to
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dispense with the dragging of respectable citizens through the mire. There can be no doubt that this compromise, by rescuing the bank from the wreckage of a receiver, has been a great saving to the depositors. The destruction of assets in receiver's hands is not quite so great with a broken savings bank as with a life insurance company. Twelve out of the sixteen savings banks of New-York that receivers are now winding up, have paid the gréater part of all the dividend that is to be hoped for. The average of this payment is a trifle over 50 per cent. Possibly 10 per cent more will be paid by some of them. Taking experience and estimates together, 55 per cent is about what may be expected from a broken bank and a receiver. But this range is wide, since it includes such scandalous examples as the Third Avenue Savings Bank, which has paid only 15 cents on the dollar, and will pay little more. Compared with the average, the management which has secured 80 per cent to most of the depositors in the Long Island Savings Bank, and 100 per cent to those of them that can afford to wait, must be considered felicitous. Yet while we sympathize with the pleasure of the Brooklynites in the restoration of their good name, it needs to be pointed out that better management would have prevented the loss in the first place or diminished it afterward. The mistake of building a costly banking-house as a speculation, when there was little or no surplus over liabilities in their coffers, was inexcusable. The trustees were doubtless influenced by the furor for improving real estate, which raged at that period; their mistake was one which most of their townsmen were then making. But almost equally grave was the error of not closing the bank when the deposits began to fall off. That indication of decay should always decide the matter at once; it is not like a "run" on the bank, a temporary thing from which it may recover. If when the bank had $3,000,000 of deposits, it had found a deficiency of, say, $120,000, the loss to depositors, upon promptly closing, might have been only 4 per cent. If, even, the determination to close had been arrived at while the bank had still $2,000,000 on hand, it might have paid 94 per cent to all its depositors, or, on a basis similar to the present settlement, 92 per cent to three-fourths of them, and the rest in full. There was no good reason for dragging along, with no better future in prospect, till the deposits fell to $800,000, and a "run" brought matters to a climax. The lesson is one which managers of savings banks will do well to heed.
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Settling with the Creditors. NEW YORK, Dec. 17.-Depositors of Long Island Savings Bank, Brooklyn, were paid today the first instalment of 40 per cent., which they agreed to accept when the bank suspended.
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NEW-YORK CITY. Colonel Mapleson has taken Nilsson Hall for use as dressing rooms for his ballet The stage was so crowded with people that he was compelled to do this. The 7th Regiment will celebrate Evacuation Day (November 25), by a parade at 1 o'clock p. m. The veterans of the regiment have been invited to parade on this occasion, and will be escorted by the regiment to and from the new Armory. Mrs. Ann Thornton, of No. 304 Mott-st., who was shot in the forehead by her son, Peter, on Sunday, appeared before Justice Morgan yesterday afternoon, and made formal complaint against her son. He was held for trial in default of $600 bail. The work on the City Hall branch of the Elevated Railroad in Chatham-st. is rapidly advancing. Nearly all of the columns are in position and many of the girders are up. The station will be in front of No. 19 Chathsm-st., near the proposed approach to the East River Bridge. The Roman Catholic Church of the Assumption in West Forty-ninth-st. has recently been enlarged and refitted. On November 24 the church will be dedi_ cated. The ceremony will be performed by Cardinal McCloskey. Bishop Lynch, of Charleston, S. C., will sing a Pontifical Mass. The Bureau Veritas furnishes the following statistics of marine disasters during September last sailing vessels reported lost 34 English; 13 American; 12 French; 7 German; 5 Norwegisn; 4 Italian; 2 Danish; 2 Dutch; 1 Spanish; 5, nationality unknown. Steamships lost 7 English; 1 Italian. Total, 93. W. F. Aldrich, receiver of the Mutual Savings Bank, died yesterday in the house where his son, E. K. Aldrich, committed suicide on Friday last, at No. 43 West Twenty-second-st. His death is said to be due to a complication of diseases. He leaves a wife, two sons and a daughter. His wife and one son are now on their way from Europe. Otto Berger, son of an attendant to the Grand Duke of Baden, died in Ward's Island Hospital last Summer, and his body was taken to the Morgue, where, being embalmed, it has lain ever since, waiting for instructions from his father. A letter hasjust been received, in which the father begs that the body may, be buried to Potter's Field, as the son was a scapegrace and not worthy of a parent's consideration. A reception was given for the benefit of the Chapin Home for the Aged and Infirm, at the house of Charles L. Stickney, No. 230 East Twelfth-st. The programme included a song, Fleurs des Alps," by Mrs. Louise Oliver; several quartettes by the Union Glee Club; a duet, Oh, Wer't Thou in the Cold Blast," by Mrs. Jameson and Mr. Strickland piano solo, by Mrs. W. D. Whiting, [and readings by Mrs. Jameson. BROOKLYN. The number of deaths in Brooklyn last week was just equal to the number of births, there being 219 of each. The mar iages numbered 66. The County Canvassers continued their work yesterday, completing the canvass of the Seventh, Eighth, Ninth and Tenth Wards. They found no changes in the returns which will affect the result as already announced. United States Commissioner Winslow has issued a warrant for the arrest of Captain Wm. H. Eiles, of the British steamship Galileo, which recently arrived from South America. on the charge of violating the revenue law in not paying duty on three tigers, which formed a part of the freight of the vessel. Eiles had not been arrested yesterday afternoon. The suspended Long Island Savings Bank yesterday began paying the second of the 25 per cent dividends due to the depositors who elected to take the full amount of their deposits in equal instalments at the end of six, twelve, eighteen and twenty-four months. Those who chose to take 80 per cent of their deposits in sixty days, with a few exceptions, have all been paid.
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pair or silk stockings at Lord & Taylor's have duchesse lace sides, and may be bought for $500. New percales and French cambries are in the oddest and prettiest designs, and will be much worn in the street next season. Venetian glass is again in favor, and many bandsome vases and ornaments at the Meriden Comestablishment are made of it A public investigation is to be made of the conduct of the Fire Department at the Grand-st. and the Worth-st. fires. It will begin to-day. Parke Godwin will deliver a lecture this evening in the Anthon Memorial Church in West Fortyeighth-st., near Sixth-ave., on." Our Social Problem." Francis Thompson. arrested on Tuesday night for intoxication, died from the effects of intemperance morning. at the Eldridge Street Police Station yesterday Matthew Flanagan, of No. 17 Norfolk-st., is day laborer. Yesterday, at 3:30 m., be found his wife intoxicated on the floor, with their child, two months old, dead in her arms. At the annual meeting of the Class of '73 of the College of the City of New York last night the following officers were elected: President, A. Bach; secretary, kate to H. M. Leipziger: treasurer, K. Clapp; delethe Aiumni Executive Committee, S. Kolin. Joseph Cook delivers the last lecture of the Thursday course this evening in Association Hall. His subject will be A Night on the Aeropolis, and will be illustrated Potter. by stereoscopie views by the Rev. D. The prelude will be on the Chinese Question." Peter Burke, one of the leaders in the July riots of 1863, was yesterday arraigned at the Fiftyseventh Street Police Court on complaint of his wife, Christina, who charged him with beating and abusing months her and ber children. He was sent to the Island for six An alarm of fire was sent out at 11:30 a. m. .yesterday from the Union Club House. The fire was confined entirely to the roof, and was extingutshed by officers of the American District Telegraph Company. The damage is estimated at $300. A defective flue was the cause of the fire. John Rogers obtained from A. T. Stewart & Co. R $300 shaw! by the old trick of having it sent to a hotel and then amusing the messenger who brought it. escaping with the goods by another door. He pleated guilty, and, in view of his youth, was sent the State Reformatory at Ermira, Delegates from the different city police precheck met yesterday afternooa at Military Hall, No. 193 Bowery, to organize the New Policemen's Mutual Aid Society. Twenty precincts sent representatives. A committee was appointed to draw a constitution and by-laws: also to prepare an address to members of the force. The funeral of General William Gurney took place yesterday in the Masonic Temple, the ceremony being conducted by Morton Commandery, Adelphi Chapter and Continental Lodge of Masons, of which General Gurney was a member. The Rev. H.R.Nye.of Brooklyn, delivered an address The body was buried in Greenwood Cemetery. The National Line steamship Canada, which sailed for Liverpool yesterday, took in addition to other freights 18 head of live cattle for the London market from Illinois, Kentucky and Ohio. Previous to shipment the animals were carefully examined by a skilled veterinary surgeon, who stated that 80 far as he was able to ascertain no existed among them. John Schmidt, indicted for the murder of Henry Madden : John Brown. who killed John Regaglia on Christmas Day, and Felix Lavelle, who killed Sarah Hayden in Centre-st., were arreigned before Judge Barrett. in the Court of Oyer and Terminer, yesterday, and plended not guilty. Assistant District-Attorner Rollium said these cases would be taken up at the earliest pos sible time. Owing to the defeat of the project to erect a new Produce Exchange, which the provision trade holds the grain men responsible for, the provision dealers sent a petition to the Board of Managers of the Exchange yesterday with 110 signatures appended, asking that they be permitted the privilegés of the upper floor whieft they formerly had. The petition will considered to-day. Receiver Best is preparing a preliminary report of the affairs of the National Trust Company as they were when be became receiver. The report, when completed, will be submitted to H meeting of the stock holders, who doubted the insolvency of the company. The balance sheet will show, it 18 said, that there was deficiency of $700,000. and that the fleticious loans amounted to over $500,000. The directors of the New-York Volunteer Life Saving Society held their meeting yesterday at the Maritime Exchange, President Edson, of the Produce Exchange, presiding J.F. Wenman was elected vicepresident in place of Brayton Ives, resigned, and T.P. Ball, E. R. Powers and L. McKAy were elected directors, also to 1111 vacaucles. The treasurer acknowledged the receipt of $601 09. An executive committee, consisting of H.J. Robinson, T. P. Ball and L. McKay, was appotated to take charge of the affairs of the society. with power to expend $500, to receive further applications for membership, and to solicit additional contributions BROOKLYN. During the month of January the Post Office sold stamps and postal cards to the amount of $39,706, issued money-orders to the value of $18,522. paid money-ordersfor $30,799. The excess of receipts over expenses for the month was $29,146. The will of the late Mrs. Mary Harrison was offered for probate before Surrogate Dailey yesterdav. She devised the income of the estate, valued at $100,000, to her son and grandson during their lives, and after their deaths to the issue of her grandson. The joint committee of the Supervisors of Kings an Queens Counties met at the Brooklyn Court House yesterday morning to consider the matter of providing a temporary bridge for teams over Newtown Creek, while the new iron structure is building in Union-ave. The committee asked A contractor to furnish anestimate of the cost of such a bridge. The Bedford Congregational Church in Paelifie-st., near Bedford-ave. of which the Rev. Dr. Hugh Smith Carpenter is pastor, owes 88,000 to the Long Island Savings Bank. The debt is in the form of a mortgage on the lots owned by the church. The church regarded this as a permanent debt, but the bank's failare forced the foreclosure of the mortgage. Efforts have been made to settle with the bank, but so far with out success. It 18 now proposed to secure a loan of 85,000 on the real estate of the church, and to raise the remaining amount by subscription
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the littie ones. This was stopped at the beginn of the year, and the superintendent asked the J tice to issue formal commitments for each of children, in order that he might claim from C troller Kelly a portion of the Excise fund. The quest was granted. At a mass-meeting of the bricklayers last even at Twenty-sixth-st. and Seventh-ave., a union of various factions from the East and West Sides upper and lower portions of the city was effected, a committee was appointed to secure a central pl of meeting open to all members of the craft. A 0 eral good feeling seemed to prevail. and the exp sion This is like the old times" was heard every hand. One mason said : Things are tive than they have béen for five years." Another marked: This is the season of prosperity with but we should unite now and stand together W dark days come." The report that several contra ors on the Elevated Railroad extensions granted the demand for eight hours' work with pay was received with great applause. Richard Clarson, the well-known messenger the Tombs Police Court, died on Tuesday night f erysipelas. He was forty-four years old, was b in Ireland and came to this city when five years age, his parents settling in the Fourteenth W He grew up in the companionship of the late Su intendent Jourdan and Police Justice Dowling. polities he was a steadfast Republican. At one t he was a United States Marshal under Mar Murray. He was made janitor of the Tombs Po Court under Justice Dowling and subsequer messenger. He was noted for his quaint t " Sure everyone knows this isn't a Court of law, a Court of Justice said he, when Juctice Dow asked him if he was langhing at one of his decisi He advised a penniless prisoner, who had been signed inexperienced counsel, to plead guilty throw himself on the mercy of the Court. The following standing committees of the St Exchange have been announced: Finance-A. Baylis, S. T. Russell, W. B. Dickerman, Bray Ives and D. C. Hays; Arrangements-F. K. Stur G. H. Brodhead, G. L. Haight, D. T. Worden, J. Kilbreth, A. Wolff, jr., D. B. Van Emburgh; missions-A. M. Cahoone, G. H. Brodhead, J TenBrook, G. L. Haight, Donald Mackay, Cha M. Stead, H. Lapslev, H. W. Perkins, Henry Me D. T. Worden, W. L. Bull, F.N. Lawrence, F Sturgis, J. J. Higginson, W. B. Dickerman See ties-Edward Brandon, R. Winthrop, W. A. Sm T.S. Ferry, F. L. Eames; Government Securiti W.L. Bull, R. Winthrop, H. Graves, H. W. Perk C.S. Day ; Stock List-A. B. Bavlis. S. T. Rus H. Graves, T. B. Atkins, J. J. Higginson; Arbi tion-S. T. Russell, H. E. Alexander, C. K. Rand William Lummis, H. Graves, H. H. Hollister, 8 Harriot, R. Keppler, S. J. Drake; Law-Cha M. Stead, H. W. Perkins, H. G. Stebbins Com sioners-H. H. Hollister. E. T. Bogert, Josep Stout ; Printing-J. W. Kilbreth, A. M. Kidder W. Fuller; Insolvencies-Donald Mackay, H. L ley. F. N. Lawrence ; Mining Securities-Charle Stead, D. B. Van Emburgh, A. Wolff, jr., W. Bull, A. M. Kidder. BROOKLYN. Deaths in Brooklyn last week, 160; marria 77; births, 128. Judge Gilbert, of the Supreme Court, will sp his Summer vacation in Europe. No. 1,651 Atlantic-ave. was visited by the po at an early hour yesterday morning, and ten sons, all negroes except one, were arrested for orderly conduct. The house has a bad reputat The Long Island Savings Bank, which suspen business two years ago, began yesterday to pay third dividend of 25 per cent to those deposi who agreed to await three years to receive t deposits in full. The report of the Supreme Court Rapid Tra Commission in favor of the routes of the K County Elevated Railway Company will be are before the General Term of the Supreme Cour Poughkeepsie to-day. General Tracy occupied the entire day yester in summing up the case for the prosecution in trial of Commissioners Flaherty and Bennett Purveyor Milne. It is expected that the case