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THE BESIEGED SAVINGS BANKS. DEPOSITORS RECOVERING FROM THEIR ALARM. The alarm amoug depositors in East Side savings banks shows signs of dying out That it is senseless and without cause, is the opiniou of all who have had the best opportunity of judging of the resources of the two banks that have been besieged by anxious depositors-the German Savings Bank and the Dry Dock. It was feared that the excitem ent would be come general, but thus far there have been no "runs" on other East Side banks. The doors of the German Savings Bank, at Fourteenth st. and Fourth-ave., were surrounded by an excited crowd of depositors early on Saturday morning. Most of them were Germans of the poorer class, a large number being women. The regular banking hours were not strictly observed, as about 200 people remained to be paid at 3 p. in. The accounts of all these were settled. In the evening from 6 to 8 o'clock the same seelies were repeated. About 600 people withdrew their money, the largest amount drawn by any depositor being $5,000. It was stated at the bank that there was no intention of enforcing the sixty days' rule, as there was money enough to pay all demands. The officers thought that the run would not last more than two days longer. There was no excitement at the Dry Dock Bank on Saturday, and only about 100 people called to withdraw money. Several who informed the teller on previous days that they desired to withdraw their entire deposits after sixty days, asked to be allowed to revoke the order. The officers regard the run as practically at an end. An adjourned meeting of depositors of the Sixpenny Savings Bank was held on Saturday in the First District Court room in Chambers-st. The committee appointed to take stops to prosecute the bank officers was denounced because nothing had been done. One excited man suggested that the membershad been "bought up" by the back men. As the committee did not appear, the meeting was adjourned without action. At the hearing before Judge Westbrook, Friday, Hudson. the attorney for the Teutonia Savings Bank, admitted the substantial correctness of the report of the bank examiners, and conceded that the bonds issued by the towns of Staten Island, of which the bank held $109,900, were valueless. He also conceded the insolvency of the bank, and did not oppose the appointment of a receiver. Judge Westbrook has not yet announced his choice of a receiver.
