15499. Bond Street Savings Bank (New York, NY)

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# 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