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NEW YORK HERALD, TUESDAY, NOVEMBER 21, 1871.-TRIPLE SHEET. with the exception of a rich Israelite of Chatham speaking the "Poor Boy of the Ring" came in, State, $107,000; bonds of lurtner, that he dia not anticipate anything street, who les nimself Cheap John. Cheap John smiled sardonically upon the reporter and puffed his like a run on the bank. a HERALD reregalia. SAVINGS. neglected his business to inform depositors that the Dorter was yesterday morning despatched to the 'How is the Commissioner? 1 have called to see bank would resume in a few days. This is all the $4,142,250; United States satisiaction that could be gained. you.' stocks, $2,609,500; otner locality of the Institution, Eighty-sixth street and Here the reader must again turn to Howell as an I am too busy, Smith responded, 1s of cities in the State, Third avenue, for the purpose of noting what kind But how about this statement of your bank authority. Howell in his report says:of a demonstration, if any, would be made on the RESOURCES. INGS BANK. asked the reporter, pointing to the open page from $189,280 50 which the above figures are obtained. Bonds and mortgages $5,402,988; United States part of the depositors. Arriving at his destination 65,500 03 Amount loaned on public stocks "Figures exclaimed Hank; "don't show 'em to stocks, $804,000; other the reporter alighted and anxiously peered around, me am too busy Cash on deposits in bank or trust comis of cities in this State, for an excited, clamorous congregation of persons, 14,415 58 "Well, IS this your bank?" panies les in this State $240,000; "It is." 2,000 0 Cash on hand not deposited in bank e, $59,000. composed for the most part of poor. hard-working, SAVINGS BANK. Here the reporter observed that the sign gave the honest men and women, determined upon snatching Total resources $261,192.08 name of the bank as the "National Savings Bank" 193,863; bonds of cities, from a fast crumbling concern the accumulations of LIABILITIES. and checks covering the counter as the "National Savings Institution." He asked:$255,596 07 as INSTITUTION. Amount due depositors many weary days and nights of hard toll before the Principal 02,000; United States se$250,165 "Well, Mr. smith, how about the Bowling Green doors of the building were closed against them and Bank?' 5,430 Interest, January 1, 1871 ck, $50,000; other State they were told Excess of assets over liabilities $5,600 00 cities in this State, The answer came with a smile and a hiss:So much for the Guardian Savings Institution that THE INSTITUTION WAS INSOLVENT. don't know. I can only run one at a time. We VINGS BANK. will pay every depositor. one but "Cheap John" hus declared will resume Instead of this, however, perfect order and qui,000; United Slates sepayment, The reporter promenaded Broadway, wondering etude on every hand met his astonished gaze, the how "a Ring bank" that only has ostensibly deNGS BANK. The Manhattan Savings Bank. only thing at all approaching a crowd in the vicinity posits of a little over $2,000 requires the presence of .001,642; United States the sharpest police officials to prevent a run. One of the many groundless rumors to which the being three little school girls who hurried by securities, $50,000; other present excitement gave birth yesterday intimated through the pelting rain. Entering the bank itself, nds of cities in State, Another of Hank Smith's Concerns. the same guietude and order prevailed there thai that the Manhattan Savings Institution, like all in State, $581,000; bouas was so conspicuous in the street. The "Poor Boy" is President of the Bowling Green other banking houses in the public imagination. was "Have they all been here and got their money so GS BANK. Savings Bank, and Reeves E. Selmes is the Secrevery weak, and even ready to fall in the crash of soon? asked the incredulous reporter of one 01 the 000; bonds of cities in tary. Their last report to Howell, Superintendent bank's officers benind the counter. general ruin. At the present welling this seems to of Banks. shows:"Who do you reier to P" replied the official in a g INSTITUTION. be highly erroneous. provokingly quiet manner. RESOURCES. 2,014,860; United States A HERALD reporter yesterday was sent to make Why, the depositors, of course. Has there been Bonds and mortgages $193,863.64 stocks, $110,000; other State bonds no run on this bank to day 25,000 00 ds of cities in this State, inquiries, and proceeded to the elegant banking "Very little more than you see now. I was here Loaned on public stocks 212,677 77 les, $1,086,900; bonds of office of the institution at the corner of Bleecker and had the bank open at least an hour earlier than Loaued on railroad, national bank, life street and Broadway, over the portico to the enusual this morning, for I rather thought that, after insurance, safe deposit companies and G8 INSTITUTION. New York, stock all the papers had said about the concern, some 86,572 8 trance or which 18 emblazoned the appropriate $1,744,825; United States would be frightened and want their deposits; but Loaned on personal securities 46,416 2 devise of State stocks, $31,600; assure you the deposits thus far have exceeded the Cash on deposit in bank or trust com. $1,232,400. A GOLDEN HIVE. draits made upon us. pantes 42,223 7 SAVINGS BANK. with Dees swarming around the embiem of sensible "You mean to say that the deposits o-day exceed Cash on hand not deposited in bank 37,157.56 $5,800; honds of towns in the demands made upon the bank economy and busy industry. The bank was as Total resources Yes, sir, Ido. With the exception of some eight $643,911 8 L SAVINGS BANK. quiet as it usually is in its everyday business asor ten persons. whose deposits were, for the most LIABILITIES. $3,756,948; United States pect. Afew gloomy-looking individuals were standpart, very ten, fitteen or twenty dollars Amount due depositors $643,911 8 State stocks, $157,000; ing under the shadow of the portico to escape the Principal each-the run on us has not been more than we $630,911 80 $05,500; bonds of counties drizzling mist that obscured the sky and made aim averaged for the past twelve months, while, on Interest credited 1st January, the atmosphere; but otherwise there was no ap1871 the other hand, three or tour persons have been 13,000 0 8 INSTITUTION. pearance of excitement. One of these was ac. already and made additional deposits." $643,911 At this point of the conversation an intelligentcosteu with the query whether he were a VINGS BANK. "FAST BIND FAST FIND depositor, and whether he kuew of anything looking Irisn woman entered, and, approaching the $125,535; United States that was the matter with the bank. To both Official, remarked that she had $87 on deposit, was the proverb rigidly observed yesterday at the of cities in State, $40,000. which she wanted. of these inquiries be gave a negative answer. Bowling Green Savings Bank-atleast so far as the INGS BANK. Within the bayking room, behind a circle "Very good, madam, you shall have replied $342,519; United States doors were concerned. Locks, bolts and bars shut of high-polished desks, the clerks and officers-apthe clerk, at the same time opening the money stock, $5,000; bonds of out an anxious assemblage from the interior of the drawer and counting amount. Just as he was parently tres bons garçons for taking things easy in ; bonds of counties in this world of mathematical and social affictions about handing the money out through the wickets establishment. Considering that the metal was as in State, $12,000. a gentleman walked in and stated that he wished which strain the mental sinews of so many unfabuNG8 BANK. sound and the batons of a few policemen presented lous heroes-were cheerfully intent upon their duto deposit $1,300, and began making inquiries as to 1,847,200; United States ties. One individual was waiting at the paying elongated bumps of combativeness, no attempt was the rate of interest allowed by the institution, prostocks, $100,000; other teller's look-out while a check was being critically ducing, as he spoke, a huge roll of bills. made to force the portals of the bank, and the enonds of cities in State, scrutinized. The reporter asked of the officer, "And are you going to leave all that money in this raged and disappointed depositors were accordingly in State, $1,163,000. "Do you restrained from giving vent to their indignant rebank?" asked the woman who had just made the SAVINGS BANK. PAY ALL DEMARDS demand for her $87. monstrances in the much-desired practical and phy$231,050; stocks of other sical shape. 'Yes, madam, I am." from depositors to-day and received the prompt ities in State, $140,000; answer in a quick, incisive tone"THE BANK HAS FAILED" 'Then I guess I'll leave mine here too, and here's $60,000; bonds of towns Yes, sir. Then entering the private office he is unquestionably a terrible thunderbolt for the thirteen more, if you plaise, which will just make engaged in conversation with the Sécretary and one the even hundred. You see heard this morning struggling man who has deposited his hard-earned VINGS BANK. of the Vice Presidents. These gentlemen assured that the bank wasn't in a very healthy condition, so all in a recreant institution. There is really no $3,613,602; United States him that the institution was assound as ever it was, thought I had best come down and get what little knowing to what extent this announcement may stocks, $517,671; stocks and neither of them could possibly imagine the drive the poor but honest classes of the community had here, for I tell have worked mighty hard nds of cities in this State, for it these last few months." origin of the report touching its safety. The full who have been submerged by the catastrophe. Arin this State, $150,000. assets at the beginning of the present year were guments the most elaborate fall to convince them Depositing the additional amount mentioned, the is INSTITUTION. $7,574,707 14; or which $2,901.419 58 is invested in woman withdrew, evidently well satisfied that her that there has been lair dealing, and that the estab89,280. bonds and mortgages, and over two millions in nalishment has broken down from natural causes. hard earnings were in sale keeping. NGS BANK. tional and State securities. Bonds of the city of So for a run on the bank, there was nothing or the Their little gatherings of the year vanish in one fell 49,300; United States geNew York and of other cities in the State are held kind. The HERALD reporter remained there till swoop. and it certainly seems hard that poor men ks. $6,000; stocks of other to the amount or $1,665,500, and demand loans on should thus be suddenly bereft of that for nearly three o'clock, and at no time were there more les in this State, $135,0.0; bonds of the United States, $609,100. The ready which the sweat or their brows has flowed than two persons at the paying tellers' window, , $57,074. cash of the bank amounts to $376,854 and all who presented their claims had them so freely. From an early hour yesterday mornVINGS OF MERCHANTS' THE AMOUNT OWED THE DEPOSITORS ing crowds of decent-looking men congregated promptly paid. So 1ar Genet's bank has weathered KS. the storm. is $7,879,632.33 and the stockholders $222,758 23. in the vicinity of the defunct bank, and, mutually 43,700: United States seThe surpius January 1, 1871, was $262,963 63, and condoling with each other, earnestly lamented the other States, $382,498; is now much increased. A General Review of the Banks. day they placed their money within the reach of the $630,600. Bowling Green Bank. Mr. E. J. Brown is president of the Board of TrusFrom investigations made yesterday by HERALD INSTITUTION. tees. The other executive officers are Edward But the assemblage was by no means confined to $646,600; United States reporters and statements made by officers it is very some of the industrious representatives of Schell, Treasurer, and Charles F. Alvora, Secretary, as of cities in State, THE WORKING CLASSES, The Mayor or the city and the Comptroiler are trusevident that some of our savings banks are in a tees x-officio, and have been such ever since the since many well-known merchants paid visits to the very rotten condition, and that the officials have S INSTITUTION. rounding of the institution. twenty years ago. establishment during the day, and bitterly com2,901,419; United States systematically attempted to misrepresent facts that plained of what was generally regarded as stocks, $450,000; stocks downright injustice. The pouring torrents of their own reports to the Banking Department of The Citizens' Savings Bank. nds of cities in State, rain, however, debarred many from being present, the State give the ne 10. An examiOf this institution Edward A. Quintard is Presim State, $510,000; bonds and the attendance in the porch was chiefly connation of the bank statements shows that dent and S. A. Bruce Secretary. Howell's report fined to those who had deposited comparatively GS BANK. small sums and could not be easily put off with the shows:in many cases companies have placed in their $191,487: United States official notification that the bank had cloged. "All ASSETS. assets the office furniture at a fabulous price-not of other States, $225,000; very good," said an honest-looking mechanic, "but netenth of which could be realized in the event of Bonds and mortgages $2,001,642 8 $2,000; bonds of towns I would like to see the end of this thing." United States securities the closing of the institution at public sale for the 1,368,699 8 Towards one o'clock the following notice was New York State securities 51,000 0 furniture, and by the appointment of a receiver for SAVINGS INSTITUTION. posted at the main entrance of the bank:the funds. The same abuses have attracted one Stocks of other States 858,633.70 7,900; United States seKNAPP SPEAKS. attention of the Congress of State Insurance officers Counties in this State 588,083 7 other States, $514,600; To THE DEPOSITORS OF THE BOWLING GREEN SAVINGS of the Union, and in their first session, by recomCities in this State 943,475 % BANK:e, $1,305,000; bonds of Towns of this State mendation of Superintendent Miler, the office fix246,876 I have appointed by the Supreme Court (Brady, Jus. 5,000; bonds of towns tures were excluded from the assets of an insurance Loaned on public stocks 257,200 0 tice) receiver or this bank to protect your interests. will. Real estate. company, as unavailable assets that cannot be 150,000 00 at the earliest practicable moment, give you a statement of VINGS BANK. its condition. counted in reports to the Department at Aibauy, Cash on deposit in banks or trust com SHEPHERD F. KNAPP, Receiver. 1,828,000; United States NEW YORK, Nov. 20, 1871. nor applied in the closing up of an institution. pantes 226,914 stocks, $125,000; Another item in these reports of banks that gives Cash on hand not deposited in bank 117,561 20 That this notice was read with considerable nds of cities in the State, rise to general suspicion is "stocks or other States." Interest accrued 78,477 4 avidity it is unnecessary to say, and for the time it the State, $270,000. Under this item savings banks can perpetrate the LIABILITIES. tended somewhat to raise the depressed spirits of HAVINGS BANK. Amount due depositors. grossest frauds and deceive the unwary. as do $6,689,528 59 the assemblage. The wet and gloomy day, how59,437; United States sePrincipal other public institutions. It is a convenient cover $6,515,174 3 ever, wore on toward three o'clock, and nothing of cities in the State, for rascality, and every depositor who wishes to Interest, January 1, 1871 new turning up in relation to the affairs of bank 174,354 2 Excess over liabilities invest his money in savings institutions before the disappointed crowd quietly dispersed. Access $281,867 49 S INSTITUTION. doing so should carefully scan the figures given to the bank during the day was impossible, as a Among the other banks, on which a run was rethe bank of Police Comabove. stout-looking policeman gave all comers to underported to have taken place yesterday, the Citizens' not the duty of a journal to indicate what stand that nobody was allowed inside. The reSAVINGS BANK. banks are safe depositories and what are not. Its ceiver went to the establishment toward noon and Savings held a place. This is one of the oldest of 49,500; bonus of cities in mission ents when it gives facts and figures, and at once entered upon his official duties. Meeting the savings banks of the city, and in consequence the vns in State, $5,000. invites the publie to carefully scrutinize them. JUDGE HOGAN IN BROADWAY, INGS BANK. amount of business it has transacted has been exnear the bank. HERALD reuresentativa interro
