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CONFIDENCE IN THE BANKS. Oficials Taking Advantage of the Time Clause. NEW YORK, July 31.-With this morning the savings banks of this city, as a rule, began to take advantage of the sixty-day time clause. That is, the bank officials made use of the prerogative in cases where amounts were or where was deemed to large such action concerned, necessary. check the withdrawal of money for boarding or in senseless fright. But while nearly all the banks claimed the privileges of using the time clause, still in comparatively few instances was it applied. A visit to the principal savings banks of the city this morning disclosed the fact that about the usual amount of business was being done. Perhaps a trifle more than the average number of depositors were waiting their turns to draw money, but on the other hand, in most of the banks, there were corresponding lines of persons anxious to deposit money. The general impression seemed to be one of confidence in the banks. There di not seem to be anything like a "run" anywhere. President Demarest of the Irving Saving Institution said this marning that his bank was taking advantage of the time clause to a certain extent-that in cases where large amounts were concerned. He said his bank was doing so because so many other banks were doing the same thing, and such action was necessary for self-defense. All demands up to $100 were met without question. The bank was doing its usual business this morning, with lines at the windows of both the paying and receiving tellers. At the Emigrants' Industrial Savings Bank, No. 51 Chambers street, President McMahon said that the sixty-day rule was enforced only in rare instances and where the amounts concerned were large. This morning his bank had taken advantage of the clause in the case of a few depositors. President McMahon said, however, that the bank did not mean to enforce the rule where it would mean hardship for the depositor. One depositor, who wished to close a bargain. was permitted to draw $1,500 this morning. "All we are trying to do." said President McMahon, "is to stem the tide of needless money hoarding and the fright of the depositors." President McMahon, however, was of the opinion that the time would come when all the banks would be obliged to inforce the rule to avoid being forced to fall back upon their securities, which they, of course, cannot afford to do if it can be avoided The bank was doing its usual business this morning, both taking in and paying out money. At the East River Savings Bank, No. 8 Chambers street, the usual business was being transacted. President Slocum said the bank had not resorted to a use of the limit clause yet, but would so If circumarise of the stances Secretary should Hutchinson which warranted Braudway it. Savings Institution, No. 4 Park place, said that his bank was taking advantage of the time clause in cases where large F mounts were concerned. The bank paid out $40,000 Saturday.