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SAVINGS BANKS UNITE. MEETING OF PRESIDENTS. Committees Named to Draw Up a Plan of Union. A meeting of the presidents of all the largest savings banks in New York and Brooklyn was held yesterday at the Aldine Club, No. 111 Fifth avenue, to take steps to formulate a plan whereby all the savings institutions of the state may stand together in times of stress just as the other banks and trust companies do. By thus concentrating the enormous resources of the savings banks of the state, whose total deposits amount to more than a billion dollars, it is figured that the position of each individual institution will be greatly strengthened To draft a plan by which this desired end may be brought about it was voted to appoint three committees-one for Manhattan and The Bronx. one for Brooklyn, and the third for the rest of the state. These committees will report at another meeting of the presidents in the near future. The committee for Manhattan and The Bronx has Andrew Mills, president of the Dry Dock Savings Institution, as chairman. Its other members are Thomas M. Mulry, president of the Emigrant Industrial Savings Bank, and Walter Trimble, president of the Bank for Savings of the City of New York. Jeremiah V. Meserole, president of the Williamsburg Savings Bank, is chairman of the Brooklyn committee, the other members of which are Charles A. Schleren, president of the Germania Savings Bank of Kings County, and William J. Coombs, president of the South Brooklyn Savings Institution. The committee which is to represent the rest of the state has not yet been appointed. Among the heads of savings banks and inst!tutions who attended the meeting were William H. S. Wood. president of the Bowery Savings Bank: Walter Trimble, Andrew Mills, Thomas M. Mulry, Dick S. Ramsay, president of the East River Savings Institution: William Felsinger, president of the New York Savings Bank: Jeremiah V. Meserole, president of the Williamsburg Savings Bank: Samuel D. Styles, president of the North River Savings Bank: William J. Coombs. Charles A. Schieren, William Bayard Van Rensselaer, president of the Albany Savings Bank and president of the New York State Bankers' Association, and Charles E. Sprague, president of the Union Dime Savings Institution. After the meeting the president of a large East Side savings institution said: "Conditions among the savings banks in New York and Brooklyn are steadlly improving. and we are taking the present action simply as a precautionary measure in case of future emergency. The operation of the thirty and sixty day clauses has been most encouraging, and depositors who gave notice of withdrawal in the scare times two weeks ago are coming into the savings banks every day and cancelling these notices. Of course, a great many people have been thrown out of emplopment and will have to draw money out of the savings banks to live on, but we are prepared to meet the demands of this class. Deposits have been inusually heavy of late. which shows that the majority of depositors have got over the recent fright." The committees which were appointed yesterday will meet in the near future and draft a plan of consolidation, which will then be submitted to the savings banks for action.
