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BANKING TROUBLES. The Union Dime Board of Trustees Reorganized. NATIONAL TRUST AFFAIRS. A Statement of Their Condition To Be Speedily Furnished. The following statement relative to the reorganizadon of the Union Dime Savings Institution was furaished yesterday afternoon from the office of Bank Superintendent H. L. LambThe Bank Superintendent informed the trustees of the Union Dime Savings Institution on the 21st of No. vember that he deemed the reorganization of the Board necessary to restore contidence in the depositors and in the mind of the public; that Le leared the report of the solvency of the institution would not alone be sufficient to put the bank in its old position in respect to credit. This suggestion was not at once favorably received by the Board, and a committee was appointed to conter with the Superintendent upon the subject. After consultation Mr. Lamb adhered to his views and proposed that commission should be formed of several trustees of the savings bank and the examiner and Feveral officers of savings banks in the city. His proposal was accepted, and the SuperIntendent named the gentlemen to compose such commission. After discussion this conference agreed that the interests of the institution would be promoted by reorganization. AD adjourned meeting of the Board of Trustees was then helu and the following resolution was adopted RESOLUTION OFFERED BY MR. DUTCHER AND SECONDED BY MR. FLOYD JONES. Resolved. That each member of the present Board tender his resignation and each member present cast his ballot. on which shall be written the names of twelve members who. in his judgment, should remain to take action upon the and fill vacancies, said ballots to be placed unopened in the hands of the Superintendent, who is requested to designate the members to remain and act upon the resignations. The trustees then present signed the following copy of the resignation tendered to the Board:To THE BOARD OF TRUSTEES OF THE UNION DIME SAVINGS The INSTITUTION: undersigned. desiring the success and future pros perity or this institution, hereby each and for himself tenders his resignation AS trustee, and pledges himself to do all in his power to aid the institution whether he remains or N.J. retires: Haines, William S. Whitlock, Maltby G. Lane, G. S. Chapin, Thomas Floyd Jones, John Creighton, Silas 15. Dutcher, Aaron Close, Wiltiam F. Hemmingway, Joseph H. Orvis. John Mack, B. Darling. J. H. V. Arnold, Willam Wake. Richard M. Nichois, F.G. Green. James Bevgridge. Edward as. Poor. John H. Johnston, W. Livingston. Charles A. Colby. Joseph Smith, E. Galloran. Joseph Kenworthy, Frederick Jacobson, J. Maedonough, E. M. Van Tassell. C. E. Brush, William G. Ross, W. S. Miller, F. Bonman. The Bank Superintendent, acting under the direction and request contained in the above resolution, named welve trustees to remain and complete the reorganization of the Board. Delay in action was compeliod by the provisions of law. which declare that vacancies shall be filled ata regular meeting of the Board 01 Trustees. At that meeting, on Wednesday, the resignations of many trustees were accepted and a lew gentlemen were chosen to fill the vacancies. An adjourned meeting will be held next week, when other gentlemen, widely and lavorably known for business capacity and faithiulness to all duties which they assume, will be chosen as trustees. There IS harmony of spirit among the trustees and a decided purpose to reduce expenses to the lowest figure practicable and put all real estate assets of the institution in shape to produce income as early as possible. The following gentlemen were chosen new trustees:-H. K. Thurber, of H. K. & F. B. Thurber & Co. Joseph F. Knapp, of Major & Knapp; John W. Britton, of Brewster & Co. Thomas L. James, Postmaster; R. N. Hazard, of Caswell, Hazard & Co.; William A. Cole, President of the Produce Exchange. The following trustees are retained:-Richard M. Nichols, retired merchant; Edward E. Poor, of Denny, Poor & Co.; Aifred B. Darling, of Darling, Griswold & Co., Fifth Avenue Hotel; Aaron Close, merchant, Fulton and Greenwich street; John Creighton, merchant, No. 173 Sixth avenue; Silas B. Dutcher, Ap praiser's office; William S. Fogg, merchant, No. 171 Chatham street; William T. Hemmenway, retired merchunt; James Beveridge, retired merchant; FrederICK Jacobson, of Swift, Sackett & Co., No. 59 Worth street; Chnton E. Brush, merchant, No. 37 Walker street; J. H. Johnston, jeweller, No. 150 Bowery; William G. Ross, merchant. No. 64 Walker street. The income for the six months ending December 31, less expenses, IS $205,000; interest due depositors, about $162,000; surplus Income from July to January, $43,000. Several friends of the bank say that there 18 reason to be thankful that it stands on the very soundest basis, else 11 would ere now nave been in the hands of the "bank wreckers," who have already possessed themselves of several corporations which might have been saved to the public. These parties point to the fact that government officials, and guasi officials, are nominated to receiverships created by their own exertions, without giving the sharebolders or trustees a chance of consulting their comIS mon interests as to who should be receiver. It shought in many influential quarters that the attention of Governor Robinson should be promptly called to this condition of affairs. THE CLINTON SAVINGS BANK. Mr. Edward L. Parris, receiver of the Clinton SavIngs Bank, makes the following statement:-He took possession on the 29th of last August and received assets to the nominal amount of $64,830 11. or this amount but $241 89 was in cash, the rest being in real estate; 117 shares ratiroad stock, which was last sold for thirty cents on the dollar; fifty shares in the National Trust Company and personal notes of the trustees. Mr. Parris has realized out of the assets the sum of $20,967 59, and IS now ready to declare a dividend of twenty five per cent. The claims of the 1,252 de. positors who have credits against the defunct bank amount to $68,972 88. The receiver is apprehensive that the assets remaining with him will produce but listle money from which to declare an additional dividend. THE NATIONAL TRUST COMPANY. Mr. Best islaboring diligently in preparing a statement of the aflairs of the National Trust Company, and hopes to have it finished this week. Meantime be said that the officers of the company bad disposed of $586,500 in United States bonds, pending the exam. Ination which he was making, before entered as receiver. Mr. Best also acknowledged that a member of the Board of Trustees (up to four months ago) withdrew a deposit of $170,000 just before the run began. Mr. Best, however, would not give that gentleman's name. It 18 claimed that the unsound state of the company was shown last year by an examining committee of the trustees and that their report was kept back by the Executive Committee. This can hardly be true, for it appears that on December 4, 1876, Examiners George W. Reid and Henry L. Lamb gave the institution It the credit of having $39,062 24 surplus. appears that in contravention of the company's charter forbidding loans to the trustees the Walkill Valley Railroad bonds were taken as collateral security from Robert H. Berdell; the $22,000 Watertown prop. triy, " morigage for $50,000 on mill at Silver Lake, N. J., and $20,000 stock of the Davis Sewing Machine Company were all accepted from trustees, and have run on the books for more than three years. BANK NOTES. Mr. Richard M. Bent, receiver of the New Amsterdam Savings Bank, of this city, has, in the case of the people against that bank, received an order of Court to seil at auction the premises at the corner of the Bowery and Rivington street, together with the
