16090. Long Island Savings Bank (New York, NY)

Article Text

NEW-YORK DAILY TRIBUNE, THURSDAY, OCTOBER 15, 1857. ceivers All those THE HUDSON COUNTY BANK. raised from $500 to $2,000, and no run whatever has on We This institution, which was compelled to suspend been made upon it. One very desirable transaction, At a specie payment on Monday opened for business again which our reporter was informed of for his special for the or at bills, benefit, characterizes this Bank-that of paying speyesterday morning, and posted the following bulletin action seoutside the door: pretty cie for its own bills. Prese the 'This bank, owing to a refusal of the banks in bank Roosev CITY BANK. New-York on Monday and Tuesday to receive its dealers' ing opi Saturday The City Bank, in Atlantic street, has the following checks, added to a panic then existing there, forced a run on In al us, which was met as fast as our receipts and availabilities could on $14,000; notice posted on the railing in front of the desk: In it is dee be used yesterday. This calamity is now over, and the bank half sterday will continue its business by receiving deposits, making colStatute 'consequence of the suspension of specie payments lections, and in a few days will resume discounting and its each of the ingly, n by the banks of New-York and Brooklyn, this bank usual business. The thanks of the stockbolders, directors and der that stated that officers are due to the depositers and billholders for their confialso suspends specie payments." The officers of That ao dence in the integrity and ability of the bank on this trying in this bank state that there was very little demand any occasion." tice of 1 the during ten day made upon them for specie payments. Anything like liabiliti while the THE SAVINGS BANKS SUSPEND SPECIE a report of the amount paid out the previous day was Even PAYMENTS. stocks refused-the utility of publishing any statement can be 1 PAYMENTS TO BE MADE ONLY IN CITY NOTES. being considered useless. This bank pays specie on be expe its own bills. New-York, Wednesday, Oct. 14, 1857. After he is to FARMERS' AND CITIZENS' BANK OF LONG ISLAND morethan At a meeting of officers of Savings Banks, held yesor not. The Farmers' and Citizens' Bank of Long Island some terday at the banking-room of the Seamen's Bank for esday A ba was among the first banks which were thrown out at did mount Savings, in Wall street-present, representatives of pay all the other banks. Nothing particular doing. the following institutions, viz: specie I gave they Bank for Savings, Bleecker st, Manhattan, America LONG ISLAND BANK. for larger East River Savings Institution, Martners', was hel Mechanics' and Traders', Bowery Savings Bank, The Long Island Bank, in Fulton street, presented number, by Appeal Institution for Savings of Mer-Dry Dock, this in the following notice to all visitors: When Broadway, chants' Clerks, Greenwich, I'n consequence of the suspension of the New.York City under Irving Savings Bank, acting i banks, this bank will, for the present, decline paying in coin. Seamen's Bank for Savings. Emigrants' Industrial, When Williamsburgh. With this exception the business of the bank will be conducted South Brooklyn, the Rev as usual." Brooklyn, it IS dis While our Rerporter was calling at this bank a Mr. John C. GREEN, of the Bank for Savings, was excitement grant a gentleman stepped in and presented a check, stating trolled 1 called and called to the Chair, and W. PLATT, of the Seamen's be gran that he bad been requested to receive the amount in a with Bank for Savings, was requested to act as Secretary. An e gold. He was informed that gold was played out. After discussion, the following resolutions were proof affairs granted Another man who was refused $200 in gold thanked in the at unless i posed: 1. The Banks of Discount and Deposit in our city having sus. the Teller, and told him that he wished he only had necessa sums. small pended specie payments, the Savings Banks are necessarily comThe $500,000-he would leave it all there, as he was not in acpelled to pay the depositors only in the bank notes of those inpened (when i the least timid. stitutions; while they paid specie the Savings Banks paid gold have to fraud o to their depositors, and they will now pay in the currency of MECHANIS' BANK. these institutions, which is secured by stocks with the ControlAs a The ler of the State. The Mechanics' Bank, in Court street, was paying junction most 2. Resolved, That the Banks for Savings be recommended to probIt w specie, on small amounts, for the purpose of making adhere to the rules of payment according to their by-laws; but from bank that each institution be recommended to pay such amounts as quested charge. The usual amount of business done at this shall be deemed sufficient to meet the necessities of depositors. the Ju E. PLATT, Secretary. bank is about $7,000 per day. Recently it has not extricts, v ceeded this amount. It receives the bills of all backs The meeting then adjourned. cate to withdrawn; It i@ 1 passed at the Clearing-House. Checks on such banks demands DEMAND FOR A CALL OF THE LEGISLAtion the are also received. itself TURE. MECHANICS' BANK, WILLIAMSBURGH. great de required MEETING OF MERCHANTS. There was about the usual amount of business doing of the < intended The Merchants' Exchange was crowded yesterday at this bank. They are said to have about $40,000 in sanction amount the circulation, with $20,000 in specie on hand and a conafternoon by the merchants of this city, assembled in suspens was positor siderable balance due from the Clearing-House. This tion or response to a call to consider the bearings of the susclaimed, tion-a bank has also suspended specie payment. pension of the Banks upon the interests of the public, the among anot ea the general welfare