Article Text
affairs. and seemed to be disposed to keep cool atd look as cheerful as circumstal nces around them would permit, and to be resigned as much as possible to n condition of thing< for which they were wholly unable to apply any immedt ale remedy, but expressing generally strong hopes to the future THE SAVINGS BANKS. TEE RUN YESTERDAY-NO GAVING IN--48 FIRM AS ROCKS. Our reporter yesterday visited & number of these insti tations, and found not only $ comparative ease off on the pressure of the day previous, but MD evident disposition on the part of depositors to sustain the savings banko driving the present financial revention. And this is owing to the reat confidence the people feel in these institutions, being satisfied that they are not only thoroughly mount, being able to pay out dollar for Collar in gold to all these who pre'er their own trunks to the vacits of the banks. It is the beight of folly to run on the savings banks, because these who withdraw their deposits lose six months' in terest, and IGE the risk of losing their savings by robbery and otherwise Several instances have already occured where persons who, becoming foolighly frightened went to the bank, obtained their deposits, and before they arrived home had them abstracted by some wily thief who was watching their movements All the savings banks a the city continued to pay out during emerday in gold w belover going their depositors demanded, and will cont Due to do EO as long as their customers are 80 foolish as to withdraw their deposits from safe and profitable keeping. The banks. during the temporary and concors very FOD are actually coining money by the forfeiture of the interest claims or their depositors and it would not surprise us is hear them declare 10 or IS per cent divi dends next January for such of their wise and fortune: depositors BE doring the insanity of the panic let well enough alone. No matter what may happen w banks that fosted or speculation, nothing. no matter howroever bag, that can happe n to the financial world, CAD shake the NO! vency of our Savings backs. This the HERALD has al realy explained, warning those in the community who were acting so unreasonably in taking out their deposite. At several of those banks be enecified notice of three 0th six days was demanded, in order to have the books made up. and to make preparations for the unusual and ener. pected run that was so reckiessly brought TEB BOWESY SAVINGS BANE. The FLE on this bank was not as great yesterday as on the day previous, and the people seemed, as well they might be, to be entirely satisfied with the proz action of the trustees. These gentlemen, who can neither receive from, nor lear to the bank a dollar. deserve great credit for the diligence and attention they exhibited during the last few days. they were at ibeir posts, counselling, explaining and affording every facility to their customers. their posision, whatever inconvenience it may bring with it, and however laborions 9 may be. does not briag them in one dollar a year; each and all are actuated by one motive -the public good. On yesterday there was paid out $81,997 and towards the afternoon the outside crowd bad nearly disappeared, and there was DO excitement about the bank, all feeling perfectly secure in its solvency. Many parties, besides, no bad drawn out money the previous day, re deposited it and some of these even apologized to the officers of the Institution for their fooliah conduct. Comparing the amount drawn out yesterday with that of the day previous, abc reduction of upwards of one-half. Tie back has ampie resources at its commend, baving repientahed 11a vanits with $900,000 of Uncle Sam's money, and all is aske is for the depositors to come forward and cisim their respective amounts, as such a proceeding, while is is a losing game to the depositors, is a gain to the bank. Altogether, since the PCE. this Bank has paid out near $600,000. and now has more than this amount in its vanita for those who are troubled with the panic man's The sume paid out on the respective days were:$360,000 Up Saturday 164,000 Monday Tuesday 81,997 Total 8598.997 weins made her way into the mids. of the crowd of female claimants, and boking about her, with kind of what-are you dolog here tone, said-" Arrah, maybe yes come to break the bank, afraid ye wouldn't get yer money Now, bere am to deposit $500 more of mine. and thank ful am to the Intlemen for taking care of is for me. This short and persimens speech acted as a quietus on the do you think will get feeling which prevailed, and several ladies retired, satisfied 18 was right Busting in came mquare built Dateh woman, puffing and blowing with apprehensi and holding in ber hand ten bask account books. each for $469 This was shrewd der one per cent additional interest: and in this case was attended WIID success, for she got her money, principal and interest. and WE leaving in a sweltering state of comientment with her anriferous possession, when she was addressed by one of the officers of the ination tion:-"Prey, madam, what will you do with your pile DOWT Dish is going where are plenty more -and abseit wed her way on. A poor girl who had drawn $100 oct of the bank. at the instigation of a female friend of her's, bad t stolen by her croaking acquaintance be. fore night; and numerous instances of indiv dual lottes, squanderings and the artsing out of the r sane panic, came under our reporter's observation There were upwards of $14 000 of deposits made in the bank within the last two days, and the returning sense of ite people will bring back more of the same kind than the beak can conveniently receive. Such is the effect of popular delustone The Bowery Savings Bank has made about $10,000 in the saving of interest: the depositors who their money lost the same amount, which of course goes to the bar k and those who show confidence in its capacity To show what the strength of the bank is we quote the follow. ing semi official statement Number of depositors about 50,000. $4,700,000 &mount of deposite nearly Cash on hand 1,000,000 New York State and City bonds 2,000,000 Bonds and mortgages on property in the city 8,000,000 worth double the amount loaned 288,000 Call loans, on good security 800 000 Surples beyond indebtedness The number of trusices is forty one, men of integrity and wealth, and by a rule of the bank unable either to borrow or lend to the bank, and who receive no compen vation for their services Those who withdrew were mostly new depositors. The bank has four clerks attending in the depenitorstwo for the women, and for the IGCD. A force of ten men from the fourteenth Predect police are stationed at the doors. The women are passed in at the southern door, and the men as the upper entrance. THE GREENVICT RAVI RANK. There - . run off this bank for few days, which stepped yestorday moraing. all claimants being fully matis with selvency, and having their respective amounts d them slightest hotilation. The $4,477,786.00
