16365. New York Savings Bank (New York, NY)

Bank Information

Episode Type
Run Only
Bank Type
savings bank
Start Date
September 23, 1873
Location
New York, New York (40.714, -74.006)

Metadata

Model
gpt-5-mini
Short Digest
4ecba175

Response Measures

Accommodated withdrawals

Description

Multiple contemporary newspaper reports (Sept 22–23, 1873) describe a run on the New York Savings Bank (Sixth Avenue/Bleecker-st references). The bank paid all checks and remained open; no suspension or receivership is reported. Cause attributed to the wider financial panic following Jay Cooke & Co. and stock-exchange closures (macro shock).

Events (1)
1. September 23, 1873 Run
Cause
Macro News
Cause Details
Part of the widespread financial panic after Jay Cooke & Co.'s suspension and the Stock Exchange closure; widespread depositor nervousness and runs on savings banks.
Measures
Paid all checks on presentation; officers met demands and enforced notice provisions for larger withdrawals in some banks; sold bonds to raise cash (reported generally among savings banks).
Newspaper Excerpt
New York Savings Bank...has a run. All checks are cashed.
Source
newspapers

Newspaper Articles (5)
1. September 23, 1873 New Orleans Republican New Orleans, LA
Article from New Orleans Republican, September 23, 1873

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BANK FAILURES The Condition of Affairs Monday Morning. NEW YORK, September The Gold Ex. change has closed, the same as the Stock Exchange: 112 has been established as the basis of settlements. The room will re. main open for the purpose of settlement. The rate of interest is fixed at seven per cent for carrying. It is officially announced that Secretary Richardson will continue to buy bonds at Saturday's quetations, He (Secretary Richardson) said last night he did not see that he had the power to do more than buy bonds, and all tive-twenties offered will be bought without delay or red tape. The government, the Secretary adds, "is not a trust company or loan institution, and it is doubtful whether Congress would sanction any such construction of my power. The above alludes to using the $40,000,000 reserves. Thirty savings banks have resolved to rigidly enforce the previously noticed clause. The Stock Exchange remains closed today. from the Clearing House office check passed says A message that every through It the Clearing House will be paid. says the banks are in no danger: they were never stronger. All the banks have pulled through except the two settling through the loan committee. All the savings banks "runned" the Clearing House. The loan committee issued : 0.000 gov. ernment certified checks and $1,000,000 bonds. Large crowds are waiting to sell Montreal and Europe are buying stocks at a *shrinkage. The sub-treasury is buying five-twenties at 110 12-100. The run on the Seamen's Bank has commenced. They pay sums of $100 and under: larger amounts must await the law's delay. When the doors of the Irving Savings 96 Warren street, were opened this a crowd of in. for their money. Bank, clamoring morning No. depositors work. The and rashed paying teller immediately set to com. menced to satisfy their demands. When the majority saw how willingly money was being paid out they became quieted and left. Up two o'clock the bank had paid out about $10,000, and received a considerable amount in deposits. At the Broadway Savings Bank. No. : Park place. business was being done as or no excitement out up to while a amount had been not The usual. amount exceed Little paid 810.000. received. two proportional prevailed. clock did The bank officials do not anticipate a run. Shortly after the Bowery Savings Bank opened its doors this morning large numit bers of depositors began arriving, and soon became evident there was going to be run The trustees met and decided to a allowances, as they did not believe the PULL pay would last. The trustees etated that nearly all of the depositors drawing out their money were small accounts. The trustees say that they have got 812.000.000 government bonds and about $2,000,000 in New York and $100,000 in Brooklyn which they could draw on immediately. However. if the run lasts they will take advantage of the thirty days notice clause in the by but will even then pay out sums up to 8200 or $300, so as to save their depositors from any inconvenience. New York Savings Bank. Sixth has a run. All checks are cashed. The a which is being met. slight promptly avenue. The run. Greenwich checks promptly has being The Biecker is paying all upon presentation. There is a large crowd in attendance. The Atlantic is paying all checks of $100 and less upon presentation. Checks of greater amount are required to abide by the sixty days by-law. Feeling of Relief. The feeling among all classes is one of of great relief. There are no runs on any the national or State banks. and the crowds on Wall street are mainly curious spectators. There is considerable inquiry for stocks on the streets. investors with greenbacks seeking purchases. but the prohibit tion of the Stock Exchange precludes trans. actions. Cooke & Co.'s Creditors. : of Jay Cooke & cred- have itore No held until full will meeting Jay be statements Co. been received from the various branch they have throughout the county offices these are now being prepared with the try: utmost dispatch. The firm can not at 0 present say anything with regard to the duration of their suspension. The Clearing House has issued a state ment that all the banks made their clear- here. satisfactorily. including the two tofore reported in doubt. The following are the street anotations showing the falling off: New York Central 90, Hariem 106. Eric 51. Rock Island 87. Panama 88. How it is Arranged. of drafts drawn of Jay Cooke Co. correspondents Holders by banks the & under referred for honor to the and bankers are set opposite their respective names. ( Drafts drawn against money deposited since their suspension will be paid upon presentation to Jay Cooke, McCulloch & Co., Lordon: Drexel, Morgan & Co. Home Insurance and Banking ComGalveston; American Exchange NaP pany, tional Bank: Planters and Miners' Bank, t Centreville, Georgia; National Park Bank: p Georgia Banking and Trust Company. At lanta, Georgia; Hopkins, Dwight & Trowf bridge Savings Institution, Mobile; Metropolitan National Bank. What the Express Says. t Express says: "After all but one bank The suspended and two trust companies. has The banks both here and in Washington, as B turns out, were worse scared than hurt, and It h indeed half the panic has been a scare. is understood that the loan committee

2. September 23, 1873 New-York Tribune New York, NY
Article from New-York Tribune, September 23, 1873

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THE SAVINGS BANKS UNHARMED. SEVERAL TEMPORARY RUNS-GENERAL RESTORATION OF CONFIDENCE. Among the savings banks there was little variation in yesterday's business as compared with that of Friday, Saturday, and many previous days. A few of them alone experience anything like a run upon their deposits, and these not to such an extent as to excite anyapprehension as to solvency. All were seemingly prepared for the worst, and were most agreeably disappointed as the day passed on without any invasion of moment upon their cash assets. In anticipation of a general run, members of the police force had been assigned to duty in the different savings banks, and most of them had an easy task. The German savings banks were particularly quiet, a president in one instance informing a reporter that his bank had money on hand for any of his neigh bors who might be pressed. At number of the banks the rule requiring notice of the withdrawal of deposits over a stated sum was strictly enforced, the amount varying, and it is a somewhat singular fact that those meeting all demands were the only ones, with one or two exceptions, upon which there was any considerable run. EAST RIVERSAVINGS BANK. At the East River Savings Bank, on Chambers-st there was no variation in the usual business of the day President Whitney stated that during the morning a number of deposits had been withdrawn. and likewise a large number received, in neither case to such an ex tent as to excite comment. He knew nothing of the action taken by some of the savings banks' officers Sunday evening, and could not agree with them that any particular distinction at this time should be made in the withdrawal of deposits. His bank was paying all demands without regard to notice given. EMIGRANT INDUSTRIAL SAVINGS BANK. At the Emigrant Industrial Savings Bank a considerable amount of money was withdrawn during the day. Soon after the opening of the bank a large number of the depositors assembled, and the line formed to the paying teller's windows found constant accessions during the day. Controller David Ledwith stated that they were meeting all demands without regard to amount or notice, and apprehended no difficulty in continuing to so. Indeed, the present run was not 80 extensive as they had anticipated and had made preparations for. They were led to believe that it would be of short duration. The bank statement of Jan. showed an excess over liabilities of $790,129 The majority of those closing their accounts had comparatively small deposits, 80 that the amount paid out was not large. ATLANTIC SAVINGS BANK. At the Atlantic Savings Bank, on Chatham-st. there was no excitement; still. as a precautionary move, the officers have adopted the plan of requiring sixty days' notice in the withdrawal of all sums of over $100. CITIZENS'(SAVINGS BANK. The Citizens' Savings Bank experienced something of a run during the earlier port of the day. but before closing this had almost entirely subsided. They are paying all demands under $1,000. requiring notices for larger amounts. Those in the line early in the day were mostly new depositors, the older and heavier ones having perfect confidence] in the bank. President Quintard remarked, as an evidence of the class now withdrawing their deposits, that up to p. m. probably not more than $25,000 or $30,000 had been paid over the counter. He was satisfied that no extensive run need be anticipated, but was well prepared to meet all demands. ORIENTAL SAVINGS BANK. Everything was as quiet as usual at the Oriental Savings Bank, on Grand-st. President Buckmaster stated that many had visited the bank during the day to make inquiries as to their deposits, and had departed satisfled of their security-many, perhaps, coming with the intention of drawing, and returning with only such as they required for use. In such cases no advantage was taken of the law requiring notice of such intention. As evineing a general confidence in the institution, the cashier stated that a number of new accounts had been opened during the day, and that no inconsiderable amount had been received on deposit. BOWERY SAVINGS BANK. Before the opening of the Bowery Savings Bank it was evident that a run was to be made, from the erowd of depositors that gathered around the doors. The trustees met and decided to pay all claimstor the present, believing that the run would not last long and not interfere with,the regular business. It was understood that should it continue, they should take advantage of the 60 days' notice, even then using their own discretion in the matter, and paying larger claims, to relieve suffering or inconvenience. Throughout the day and evening the steady run continued, the number at no time greatly crowding the bank. One by one they drew their deposits, losing nearly three months interest by doing 80, 80 that they alone are the losers and the bank is in no way inconvenienced. A very great many before long were convinced of this fact, returned to the bank and again deposited their money, begging that their interest might not be sacrificed. An instance of this kind was mentioned by the President. Early in the morning a woman drew about $3,000, the earning of many years. Her anxiety to withdraw it was hardly equaled by her anxiety to return it a little later, and the loss to her of the $85 interest affected her very much. The scene deterred many from following her example. The President further stated that the majority of the deposits drawn were of small amount, and that the smaller the amount the more auxious the owners seemed to be to get it, so that up to 2 o'clock in the afternoon not more than $200,000 had been paid out, and in the same proportion during the afternoon and evening. The bank had more tban 60,000 depositors. He did not anticipate any extensive run. NEW AMSTERDAM SAVINGS BANK. The New-Amsterdam Savings Bank has experienced no run from its depositors. Yesterday was a quiet day at the bank, though considerable deposits were received. President Frohwein stated that they are more fortunate than a majority of the banks in having an abandance of small bills. having $116,000 in the safe. They proposed to help the neighboring banks as far as they could, and had already done so by furnishing one that morning with $20,000 in bills on bond security. MECHANICS AND TRADERS SAVINGS' BANK. At the Mechanics' and Traders' Savings Bank it was stated that some accounts had been closed during the day. and perhaps $20,000 drawn while the average deposits had been received. There had been no run sufflclent to excite comment. NEW-YORK SAVINGS BANK. The New York Savings Bank on Bleccker-st. was surrounded by an anxious crowd of depositors from the opening of the doors in the morning. o'elock the doorewere closed, the officers deeming that there were then as many in the building as they could pay during banking hours. Probably nearly 100 were then in walt ing. Little information could be gained, further than that considerable money had been withdrawn, and also many deposits received. The officers anticipate DO trouble in meeting all demands. PEOPLE'S SAVINGS BANK. At the People's Savings Bank the cashier stated that one or two large demands had been made, in which cases they had taken advantage of the rule requiring notice. In small amounts, $3,000 or $1,000 had been drawn, and more than made up by deposits. MANHATTAN SAVINGS BANK. At the Manhattan Savings Bank a long line of depositors presented themselves in the morning desirous of drawing out their money, but the bank readily met Nee Fourth Page

3. September 23, 1873 The Daily Dispatch Richmond, VA
Article from The Daily Dispatch, September 23, 1873

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quee o country capitalists ward came in with greenbacks in hand expecting to buy at the panic prices of Saturday morning. were much disappointed at finding that where stocks were obtainable at all they were held at ten to twenty per cent. higher than when the Stock Exchange closed on Saturday. At the close of business the feeling was still more improved. The panic has undoubtedly been limited to financial circles, banks having been a barrier which prevented an extension to the mercantile interests. A good many settlements are making between brokers of stock, and if the Exchange is kept closed for another day the volume of these contracts to be settled will be largely reduced. We may on opening of the Stock Exchange have a fresh lot of failures of brokers' firms, but there is no doubt that the tide has turned, and mercintile credit will not be swept down. EFFECT UPON THE TOBACCO TRADE. (Special to the DI patch from the ditors of the New York Tobacco Leaf.] have BROOKLYN, N.Y., September 22.-We heard of no suspensions or failures in the tobacco trade either in this eity or elsewhere. During the past year our merchants have acted in a most con-ervative and prudent manner both in buying and selling. The market has been very little affected. the usual number of sales having been made during the week. Associated Press telegrams.) NOTES OF INCIDENTS YESTERDAY-RUN ON SAVINGS BANKS-HOW THEY STOOD T-JAY COOKES CREDITORSTHE ELISG IN THE EVENING. THE GOVERNMENT DETERMINED TO BUY BONDS. NEW YORK. September 22.-It is oflicially announced that Secretary Richardson will continue to buy bond< at Saturday's quotations. Secretary Richardson said last night he did not see he had the power to do more than buy bonds and all the 5-20's offered will be bought without delay or red tape. The Government. the Sceretary says. not : trust company or loan institution. and is doubtunt what her Congress would sane. tion any such construction of my power." covertudes to the using of $10,000,000 of the reserves.] MISCELLANEOUS ITEMS ABOUT THE PANIC. to Thirty savings banks have resolved ! rigidly inforce the previous-netice clause. The Union Tru-Company is in the hands of receiver The New York Stock Exchange remains closed to-day. The manager of the Clearing House says every check passed through clearing will be paid. Hesays the banks are in no danger, and bat they were never tronger. The suspension of Mary Brothers is announced. All the banks have pulle d through except wo-the two settlin it through the loan coth= mittee. All the savings banks are having amouthem. The clearing-house loan committee have issued 82,500,000 certified checks. The Government has bought a million in bonds. carge crowd. are waiting to sell. Montrea and Europe are buy mg stocks at theshrinkage The Gold Exchange is closed. 112 has The licen tixod as the basis of settlement. rate of interest is fixed at for carrying. at The Sub-Treasury is buy ing 5.20's 110 70-100. A run on the Scannan's Bank has commeneed. They pay all sums of $100 and under: larger sums must wait the law's day. the Treasury Department denies that from the DAVY account fund this been transfe rred Jay Cooke, Met uttoch & Co. banks The run on the Wa-lington savings to-day was comparatively very slight. Secretary Richardson has received the following dispites. dated New York to-day .. The mercintile business progresses n-tual. Wall street is already itself. The people join in congramulations to the President and Fecretary Richar dson for their stability. The Stock Exchange will be opened Wednesday." NEW YORK. September 22. When the doors of the Irving savings Bank. 96 Warren street, were opened this morning, a crowd of depositors rushed in clamoring for their money. The pay ing-teller immediately When set to work to satisfy their demands. the majority present saw how willingly the money was being paid out they became quieted and left. Unto2 P. M. the bank had paid our about 810,000. and had received a considerable amount in deposits. At present the excitement has completely subsided 4 Al the Broadway Savings Bank, No. Park Place, business wast ing transacted as usual. little or no excitement prevailing amount paid out up to 2 P. M. did not exceed $10,000. we Bee proportion ateamount had been received. The bank officials do not anticipate run. Shortly after the Bewery Savings Bank opened its doors this morning a large numher of de positors began arriving, and it soon be became evident that there was going to area. The trustees met and decided to pay all demands, as they did not believe that tue run would last. One of the trustees stated that nearly all of the depositors drawing out their money were those having small accounts. The trussay that they have got $12,000,000 in in Government tees bonds, and about 82,000,000 which New Yorkand $1,000,000 in Brookly n. they could draw on immediately. However, the run lasts, they will take advantage of if the three-days' notice clause in their by-laws. $20 but will even then pay out sums up to from or 830, so as to save their depositors any The inconvenience. Union Dine Savings Bank. on Canal street. is besieged by vast throug. About hundred are inside. The doors are two closed, and a placard in the window can anpounces that as many persons are in as able off to-day. The bank is amply in be meet paid a run. having on hand $1,500,000 in to cash. They will sell to day $500,000 their bonds, the proceeds going to reinforce excash for to-morrow's runs They are not the sixty days' notice accorded by with its acting by-laws. There are 90,000 depositors this institution. The New York Savings Bank, Sixth checks aveBUE, has a run of one hundred. All promp ly has a -light run, The Greenwich being met. cashed. which is promptly Bleecker is paying all checks upon The large line is in attendance.

4. September 23, 1873 New-York Tribune New York, NY
Article from New-York Tribune, September 23, 1873

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THE PANIC OVER. Continued from First Page. all their demands and the number was considerably diminished as the hour of closing approached. There were also a number of deposits made with this institu tion. and several new accounts were opened. Mr. Alvord, the Secretary, informed a TRIBUNE reporter that they did not see any reason why they should avail themselves of the legal time allowed, as they had been prepared thus far to meet all payments without the slightest embarrassment. GERMANIA RAVINGS BANK. The Germania Savings Bank was paying out more than It was receiving, but there was no indication of a run. The cashier said that they had vet no reason to take the legal time, and probably would not. NEW-YORK SAVINGS BANK. At the New York Savings Bank at Fourteenth-st and Eighth-ave. there was in the morning little demand for cash. The bank paid sums not exceeding $500. A8 the day advanced, somewhat of a run began, and increased to such an extent that the President, seeing that he could not pay every depositor in full, decided to give each one something, the amount depending upon the number that presented themseves. There was, how ever, stay in the panic toward the latter part of the afternoon, and many of those who had drawn out their money returned and redeposited it. TRADES' SAVINGS BANK. At the Trades' Savings Bank, at No. 275/Twenty-thirdst., there was no run, and C. B. Le Baron, the President, said that nothing had occurred to interrupt their ordi nary transactions He anticipated no trouble. and thought that the affairs of other similar institutions would soon become quiet again. ABINGDON SQUARE SAVINGS BANK. At the Abingdon Square Savings Bank the deposite exceeded the payments. G. N. Brown, the Secretary. said that a few depositors had called during day, but were satisfied on inquiry that there was no occasion for . drawing their money. OTHER SAVINGS INSTITUTIONS The Clinton'Savings Bank, on Eighth-ave was undia turbed, and at the Excelsior. on Sitxh-ave., there was run. The North River Savings Bank, at Thirty-fourth-et and Eighth-ave., and the Franklin, at Forty-second-st. and Eighth-ave. required thirty days for notification This was also the case with the Dime Savings Bank in Canal-st. Similar statements were met at the Security. Metropolitan, Central Park, and Dry Docks Savings Banks. There had been no unusual variation in the regular business. A notice of requirement of 30 days was posted up in the Central Park Bank. THE RULE OF REQUIRING NÓTICE INDORSED. An adjourned meeting of savings bank officials was held at the Fifth Avenue Hotel, last evening, to discuss further the situation and extend protective measures. Isaac T. Smith of the Metropolitan Savings Bank acted as Chairman, and William H. Waring of the Franklin Savinga Bank as Secretary. The following institutions were represented, numbering 23: The Metropolitan, Oriental, Central Park, Sixpenny, German Uptown, Eleventh Ward, Abingdon-square, Equitable, Teutonia, New-Amsterdam, Peoples', Mechanies' and Traders', Third Are nue, Citizens', Irving, Union Dune, Security, Emigrant, Franklin, Bowery, North River, Manhattan, and Ger man Savings Banks. It was reported that the Seamen's Savings Bank had been the first to carry out the rule adopted on Sunday evening with regard to notices from depositors. The majority of those mentioned above had also observed it. The Bowery Savings Bank had met all demands until p. in., paying out over $100,000. The German Savings Bank had been paying all day, and had disbursed about $175,000. The Manhattan, Citizens, Union Dime, and Mechanics and Traders' had also paid all demands. The banks that had required the notice had found that their depositors quickly understood the necessity of the rule, and betrayed no loss of confidence It was attended with the best of results wherever followed. A resolution was adopted as follows Whereas, It has been ascertained by the reports of the various savings banks represented here this evening that the adoption to-day by many of them of the recommendation of the meeting of last evening. that notice be required from depositors, has met with their general approval, and has had the effect of allaying all excite ment a the institutions which have adopted it; therefore Resolved, That this meeting do recommend that the provision requiring notice be generally adopted by the savings banks of this city. It was directed that copies of the resolution be sent to all banks which have not yet agreed to its observance All those present expressed themselves as contident that the excitement was about over. The meeting adjourned. subject to the call of the chairman. SERVICES OF THE POLICE. Superintendent Matsell ordered, yesterday, Detective Warlow, at present in command of the detect ive squad, to sendeight of the detectives to Wall-st. and to keep the remainder in the Police Headquarters building ready for any duty which might be required of them during the day. The detectives assigned to Wall-st. re mained there all day. and were busily employed in watching for pickpockets in the crowds which gathered around the doors of the suspended banking firms. After few hours of idleness the Police Headquarters detectives began to be called upon for the duty which the Superintendent had suspected would be necessary when he had withdrawn the men from their usual work Orders had been issued to the captains of the police precincts to telegraph at once to Police Headquarters the fact of any 'run" being begun by the de positors in a savings bank. Soon after 10 o'clock telegram was received that the Manhatian Savings Bank at Bleecker-st. and Broadway, was beginning to be unusually crowded with customers. Superintendent Matsell at once summoned a detective, and, after informing him of the situation of affairs at the bank, gave him orders to go to the bank and remain there during the day, to guard the depositors from being robbed by pickpockets, and to remove from the bank any suspicious person whom they might see. Information in regard to runs upon other eavings banks quickly followed, and, as each report was received, a detective was given similar orders, and was sent to the threatened bank. In the course of the day nearly every detective thus reserved was detailed to the duty described. The police captains had also received orders in respect to detailing men to goard bank ing-houses and savings banks whenever it might become necessary to do so. Patrolmen on duty near the savings banks received orders from their respective captains to report at the station-house f there was any indication of a run on such institu. tions. As soon as the information was received a squad of police was sent to the bank: the people at its doors were marshaled into line, and crowds were prevented from gathering on the sidewalk Capt. Clinchy of the Fourteenth Precinct personally took command at the Bowery Savings Bank, and, with the aid of several policemen, succeeded in maintaining perfect order among the multitude that sought to enter the bank doors, and also kept the sidewalk clear for pedestrians. The Sixth Precinct police, undea the command of Capt. Kennedy, maintained order in a similar manner at the Citizens Savings Bank, at the Bowery and Canal-st.; Capt. Byrnes of the Fifteenth Precinct at the Manhattan and the Bank for Savings in Bleecker-st.; and Capt. Washburne of the Ninth Pro einet at the Greenwich Savings Bank, at Waverley place and Sixth-ave THE FUGITIVE SECRETARY FRANK STATEMENT OF HIS FATHER-THE SON LAST

5. September 24, 1873 Knoxville Weekly Chronicle Knoxville, TN
Article from Knoxville Weekly Chronicle, September 24, 1873

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WASHINGTON. Sent. 22.-In the course of the morning the President called at the Treasury Department and had a conference with Secretary Richardson. The result of it may be inferred from the fact thatsubsequently the Secretary stated to the agent of the New York Associated Press that the President will o anything within the law but will in no particular go beyond his clear legal authority. He will maintain the safety of the Treasury Department and protect the credit of the United States from the influences of the present financial embarrassment. Jay Cooke re-asserts the solvency of the London house. A private dispatch from Shreveport is discouraging. Pastor Hutter, of St. Mathew's Lutheran Church of Philadelphia is dead, aged 61 years. An American steamer at Newfoundland reports collision with a fisherman, three out of fifteen were saved. Bettingist and three to one on Brown for to-morrow's boat raco at Halifax. The Treasury Department denies that the navy account fund had been transferred from Jay Cooke, McCulloch & Co. Judge Richardson, says he will look out that the Government does its duty within the law, and he knows exactly where to get all the funds that are necessary, but does not intimate a word about the much talked of legal tender reserve, furnishing a part of the money to go to the Assistant Treasurer at New York. No meeting of the creditors will be held until full statements have been received from the various branch offices throughout the country. These are being prepared with the utmost dispatch. The firm can not at present say anything in regard to the duration of their suspension. The Clearing House statement is out to-day and shows that all the banks made their clearing satisfactorily, including the two heretofore reported in doubt. The following are the street quotations, showing a falling off New York Central, 91 Harlem, 106: Erie, 51; Rock Island, 87 Panama, 88. At present the excitement has complete. ly subsided. At the Broadway Sayings Bank, No. 4 Park Place, business was being transacted as usual, little or no exeitement prevailing. The amount paid up to two o'clock did not exceed $10,000, while the proportionate amount had been received. The bank officials do not anticipate a run. Shortly after the Bowery Savings Bank opened its doors, this morning, a large number of depositors began arriving and it soon became evident that there was going to be a run. The trustees met and decided to pay. all demands, as they did not believe that the run would last. One of the trustees stated that nearly all of the depositors drawing out their money were those having small accounts. The trustees say that they have et $2,000,000 government bonds, $1,000,000 in New York and $1,000,000 in Brooklyn, which could be drawn on immediately. However, if the run lasts, they will take advantage of every notice clause in their by-laws, but will even then pay out sums deup to $200 or $300, SO as to save their positors from any inconvenience. The Union Dime"Savings Bank, Canal street, is besieged by a vast throng. About two hundred are inside. The doors are closed, and a placard in the window announces that as many persons are in as can be paid to-day. The bank is amply able to meet the run, having on hand $1,500,000ir cash. They will sell to-day $500,000 in bonds, the proceeds going to reinforce their cash for to-morrow's run. They are not exacting the sixty days privilege accorded by its (by-laws. There are ninety thousand depositors with the institution. The New York Savings bank of Sixth Avenue, has had a run of $100,000, all checks being promptly cashed. The Greenwich Savings bank has had a slight run, which was promptly met. The Blecker street Bank is paying all checks upon presentation. A large line is in attendance. The Atlantic bank is paying all checks of one hundred dollars and less upon presentation. Checks of a greater amount are required to abide by sixty days by-law. Currency for the Purchase ef Ronds Fortheoming, WASHINGTON, Sept. 22.-Richard Harrington was appointed Secretary of State, of this District, vice E. L. Stanton, Esq., resigned. There will be a sufficient amount of currency in New York to-morrow, belonging to the Government to buy all the bonds that may be offered. The Secretary of the Treasury bas all that is necessary. and will lookout that there is enough in the hands of the Assistant Treasurer to buy everything in the shape of Government bonds that are presented for sale. Run on Savings Banks. The run on the Washington sayings banks to-day was comparatively very slight. Secretary Richardson received the following dispatch, dated at New York, today: Mercantile business progresses as usual. Wall street is already itself. The people join in congratulations to the President and Secretary Richardson for their stability. The Stock Exchange will be opened Wednesday Notice from Southern Banks. NEW YORK, Sept. 92 The holders of e drafts drawn by the undersigned, who are of Jay ree ferred honor to the banks correspondents for Cooke & and Co., bankers are Drafts set opposite their respective names.