16744. Yorkville Savings Bank (New York, NY)

Bank Information

Episode Type
Run Only
Bank Type
savings bank
Start Date
November 19, 1871
Location
New York, New York (40.714, -74.006)

Metadata

Model
gpt-5-mini
Short Digest
49533500

Response Measures

None

Other: Multiple newspapers reported a rumored heavy run on Yorkville Savings Bank (Nov 19–20, 1871), but bank officers repeatedly denied any run or suspension; deposits reported under $100,000.

Description

Multiple contemporaneous newspapers (Nov 19–24, 1871) report a heavy run rumored on the Yorkville Savings Bank but officers repeatedly deny any run or insolvency and there is no report of suspension, receivership, or permanent closure for this bank in the articles. Cause appears to be circulating rumor about connections to the Tammany Ring and panic from other savings-bank failures. Dates anchored to Nov 19, 1871 (first detailed Herald account).

Events (1)
1. November 19, 1871 Run
Cause
Rumor Or Misinformation
Cause Details
Circulating rumors linking the bank to the Tammany Ring and to other failing savings banks produced reports of a heavy run, though officers denied the reports.
Measures
Officers publicly denied the rumor, stated deposits under $100,000, assured depositors they were prepared to meet demands and that directors could cover any deficiencies; reported readiness to meet extraordinary drains.
Newspaper Excerpt
Rumor last evening said the Yorkville savings bank ... had borne a heavy run, and that the assets were entirely insufficient; the officers of this institution say there was no run upon it.
Source
newspapers

Newspaper Articles (7)
1. November 19, 1871 The New York Herald New York, NY
Article from The New York Herald, November 19, 1871

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plenty of security to pay every dollar. and we have paid every dollar that nas been demanded, as yet: but we are now holding a consultation as to whether the bank shall be closed on Monday norning. and if you look in again in an hour's ume 1 will give you more particulars. " The reporter waited upon Mr. Smith at the end of the hour, and was informed by him that the Board of Trustees had ananimously decided that the bank should go on: that it would be open on Monday morning, prepared to pay all demands. He wisned it to be distinctly understood that every depositor was ruly secured. "You may understand," said he, "that in order to pay SIX per cent interest we cannot afford to have any amount of MONEY LYING IDLE. We have it invested in bonds-railway, city, gov ernment and others. We have arranged, however, that should there be an extraordinary drain upou us we shall be fully prepared to meet it.' With this information the reporter, thanking him, retired. The National Savings Institution. 603 Broadway, is a comparatively new establishment, and must not be confounded with the National Savings Bank connected with the Freedmen's Buresu. which 18 in the immediate vicinity. Although the names of Richard M. Tweed and several other gentlemen prominently connected with the Tammany party are enrolled among its trustees, it may be inferred. from the frank and unreserved statements made by the President and Vice President that its affairs are not in the precarious condition rumor would have them. The Yorkville Savings Bank Also Reported Staky-Prohable Faisity of the Rumor. Last evening among other banks reported burst the Yorkville Savings Bank. of which H. W. Genet is President, occupied a conspicuous place. It was announced that a heavy run had taken place on the bank during the day; that the assets of the company were entirely insullicient. and that a crash was inevitable. As the banks which have already suspended are more or less connected with the Tammany Ring the ramor gained additional strength from the fact of Mr. Genet, who is 80 prominent a member of the Tammany organization, being the President or the Yorkville. Judge McQuade, &nother prominent partisan of the "lost cause," being its fice-President. The bank is situated on the corner of Eighty-sixth street and Third avenue, in the centre of a populous but poor district. The depositors, therefore, are mainly of the poorer classes, who seem to be the main sufferers from the stupendous frauds which the failures of Friday and yesterday have brought to light. In order to ascertain the TRUTH OF THE RUMOR a HERALD reporter was instantly despatched to the office of the bank to sift the truth of the rumor and, If possible, get a faithful account of the situation. The cashier was fortunately found at his post, though just on the point of leaving, and in response to the inquiries cheerfully promised to give the full particulars of the state of the finances so far as he has an opportunity of knowing. He professed astonishment at the rumor in circulation, and asserted that it had not the slightest foundation to rest upon. No excitement or run of any kind had been made upon them during the day, business had gone on as it usually did, and ne says to his astonishment new accounts had been opened, as they had not anticipated doing any fresh business for a few days, till the universal panic which prevails relative to the savings banks of the city had been somewhat allayed. The business of the bank is limited, the deposits being under $100,000, and the executive committee are men or wealth and substance, who. he states, will be rully able to make good any deficiencies in the event of such an un looked-for circumstance as the insolvency of the bank taking place. The reporter suggested to him that as Mr. Genet was connected with the Ring it was not at all improbable that It might occur; but he made the astonishing answer that as Mr. Genet never had been connected with the Ring in any capacity, the observation could not apply. He courteously offered to conduct the reporter to the Jefferson Club, on Nineteth street, where the Vice President, JUDGE M'QUADE, could be found, who would furnish additional confirmation of the truth of his (the cashier's) statement. The cosey rooms of the uptown resort of the ring politicians being reached after some search, the Judge was discovered in close confab with a friend, the subject under discussion being evidently an important one: but on the intimation of the cashier that a reporter or the HERALD WI hed to see him ne instantly dropped the conversation, wondering what had brought such a visitor at SO unusual an hour. On learning the nature of the business he cast up his eyes in noly horror at the wickedness of men who had the audacity to circulate so scandalous a report in connection with an institution 01 which the GREAT GENET a was the acknowledged head. "Why, man dess e (said ne), the men connected with the bank are as ' rich as Jews, able to pay the amount of the deposits 8 ten times over and live like princesa and f can't e see what reason any one had to put in circulation any rumors impugning their honesty." He says 1 the deposits, which are less than 100,000, are more than covered by the assets, and that there is not the slightest cause for the depositors to be the least alarmed about their money. The reporter, on leaving the club, made inquiries in the neighborhood to see how far the statements of the officials could be relied upon, and so far as there being no run heard of, or any undue alarm, they were rully corroborated, and the inference IS that, so far. the Yorkville is all right; but how long it may remain so, "is one of those things. no fellow can find out."

2. November 20, 1871 The Portland Daily Press Portland, ME
Article from The Portland Daily Press, November 20, 1871

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BY TELEGRAPH t TO THE DAILY PRESS. NEW YORK. f Arrival of the Grand Dake Alexis. NEW YORK, Nov. 19.-Alexis has arrived. The Russian Irigate Suetland, Capt. Kremer, S Vice Admiral Possiet chief of squadron, anchored off the lightship shortly before midnight Saturday. She is of 3090 tons, mounts 10 guns and has 360 horse power. She left Madeira Oct. 10th and experienced strong head b winds and heavy seas nearly the whole passage. The crew received with loud cheers the news of the safety of her consorts already in 3 the harbor. The Ring and the Banks. NEW YORK, Nov. 19-The trouble in the Guardian Savings Bank is said to be owing to the withdrawal by Tweed of a large amount of city and county funds deposited there, rendering the bank unable to cash a check for $70,000 1 preseuted Friday. The bank has been placed in the bands of A. J. Rogers, public administrator. It long been knewa as Tweel's bank, its executive committee being Owen W. Brennan, E. C. Wilbour. James H. Ingersoll, G. Putnam and T. BrennanThere was an extensive run on the Bowling Green Savings Bank yesterdav, caused by a rumored connection with the Guardian Sava ings Bank. b A later dispatch says that speculation ia ta Hannibal and St. Josepb Railroad stock by the officers and the odium of a connection to with the Ring have been the causes of the susfl pension of the Bowling Green Savings Bank. The bank will be able to meet its liabilities 8 after a while. Mr. Lowe is said to have been appointed receiver. The depositors are mostly bl poor peop'e. The officers of the National Savle idgs Bank, which has had a run, say that it is d all right. Richard M. Tweed is a director. It p is also reported that the Yorkville Savings 1 Bank has borne a heavy run and that the assets are entirely insufficient and a crash is inevitable. The officers contradict the statement. p Reception of Alexis. 20 b The reception of Alexis takes place to morh row uuless it is stormy. The committee will SI start at 10 'clock in the forenoon on the steamer Mary Jewell, and expect to reach battery on bl their return with the Grand Dake about two 3 in the aftetnoon, and will proceed thence in W carriages to the Clarendon Hotel. Gen. Shaler ir has ordered the first and section divisions of the national guards to assemble at 1 30 p. m. Further Particulars. 11 We are indebted to the Tribune for the following: The Russian frigate Suetland entered the lower bay at noon. attended by the revenue en cutter Northerner. Approaching the AmeriU 0 can squadron at Horse Shoe she fired a nationU a salute of 21 guns, which was quickly reU sponded to by the Congress, Severd, IrequoU quois and Kansas, each vessel dipping her colU The ors as she passed to her anchorage. U Grand Dake appeared on deck and bowed reU peatedly to the salutes of the American officers C Admiral Rowan was received with all the honors on the Suetland. The frigate met with St a storm off Hatteras on the 10 b, which lasted W P: till Friday night when an observation showed N her to be 40 miles off Cape May. Now for Jenkins. E E Alexis was dressed in the simple uniform of H a Lieutenant. He is tall and strongly built H and has the air of a gentleman. He is of clear R complexion, has light blue eyes, speaks EngM lish quite fluently, but appears to prefer L French. it Various Matters. di OF Applications were made at the British ConCI sulate yesterday by three naturalized citizens CI for permission to resume their allegiance to M Creat Britain. Pi Ex-Attorney General Hoar left yesterday for Washington. ci: Oe The Williamsburg Mormon Church is breakU ing up. Most of the leaders have gone to Utah. U Mrs. Allen Young, said to be a victim of an U abortionist named Palmer, of Williamsburg, 0 was found in Broome street last night in a critical condition and sent to the hospital. e

3. November 20, 1871 Worcester Daily Spy Worcester, MA
Article from Worcester Daily Spy, November 20, 1871

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Avenue B, was seized by internal revenue offl cers for non-payment of special tax on liquors. Steps will be taken for confiscation. Argument to show cause why the fees of Jas Coleman, the receiver of the Heath and Raphael stock, should not be adjusted and paid, was to have taken place n the United States circuit court before Judge Blatchford, but by mutal consent was put over for one week. Paul Fauline, the private who was injured by machinery so badly a few days ago that his body was dead while his head retained its vitality, died vesterdav mording. Frederick W. Burton died Friday night, in horrible agonies, from hydrophobia, resulting from the bite of his dog, with whom he was playing a few days ago. Margaret Brady, a courtesan, poisoned herself yesterday afternoon in 6th avenue, and her protector, a ward politician, George Casey, hearing of it, attempted to cut his throat. She will die and he no doubt will recover. There has been a great deal of semi-religious scandal afloat, relative to the proceedings of Rev. Dr. Ewer with some of the female mem bers of the church over which he presides. A correspondent of the Commercial makes the following statement: I have it from the highest authority that it has been proved, and admitted by Dr. Ewer, that eight ladies have been accustomed to come to daily confessional. This has been kept as a secret. An ex-vestryman first made affidavit that his wife, a beautiful woman, had been in the habit of making daily confessional to Dr. Ewer, and the names of the other ladies came out. Many laymen were fearfully indignant, and in fact the whole church was thrown into a state of consternation and alarm. Ewer is openly charged with the secret intention of quietly carrying his entire church over, first to high church ritualism, and then to Catholicism. The Sunday Herald says the primary cause of the suspension of the Bowling Green savings bank is said to have been the loss of a quarter of a million dollars in Hannibal and St. Joseph stock, in which the officers and directors are alleged to have speculated with its funds. Mr. Selmes, its secretary and factotum to Hank Smith, stated last evening that he would be able to open the doors soon, if at all. He says the liabilities and assets are each about half a million and that the bank will beable, after a while, to meet every obligation. They have ample securities, but have been obliged to bear the odium of connection with the ring for three months, and, to raise money, had to sell securities at heavy discounts. The World says Judge Hogan, who is one of the directors of the bank, said, last night, that, unless there was fraud, there could be no serious trouble result; if there s fraud, he would not be sorry to see the guilty man strung to a lamp-post, and the pcor, whose hoarded earnings are taken from them, will be likely to take the law into their own hands. The judge never attended a meeting of the board, through nominally an officer. The secretary and Walter Roche, however, assured him that all was right. The officers of the National savings institution at the corner of Houston and Broadway of which John McBride, the ring's safe man, is president, deny that it has suspended, and say it will be open Monday prepared to pay all demands, and that every depositor is fully secured Arrangements have been made to meet an extraordiaary drain. Richard M. Tweed is one of the trustees. Rumor last evening said the Yorkville savings bank, of which Henry W. Genet is president, had borne a heavy run, but its assets were entirely insufficient, and a crash was inevitable. Depositors are mainly of the poorerclasses. The officers of this institution say there was no run upon it: that its deposits are under $100,000; that its directors are men of wealth and will be able to make good any deficiencies, in the event of such unlooked-for circumstances as insolvency. They repudiate any connection with the ring. Applications were made to the British consulate yesterday by three naturalized citizens for permission to resume allegiance to Great Britain. Ex-Attorney General Hoar left to day for Washington. Sergeant-at-Arms Morrissey, of the Massachusetts legislature, was here yesterday The Williamsburg Mormon church is break ing up. Most of the leaders have gone to Utah. The Athletic ball club, of Philadelphia, have been officially declared the champions. The Episcopal church, at the corner of 127th street and 4th avenue, was burned last night. Loss small. The building was of wood. The Jewelry store of J. Brennan, Maiden Lane, was robbed yesterday of $2500 worth of dia monds and rings. Mrs. Allen Young, said to be a victim of an abortionist named Mrs. Palmer, Williamsburg, was found in Broome street, last night, in a critical condition. She was sent to the hospital. The cholera patients down the bay are all doing well, no new cases appearing. The health officer of this port reports that there have been forty-five deaths of passengers on the steamship Franklin, and forty patients are now under treatment, with good prospects of recovery. He reports that the steamer was in good condition in a sanitary point of view upon her arrival here The water was good and provisions were sufficient in quantity and quality.

4. November 20, 1871 Memphis Daily Appeal Memphis, Hernando, Grenada, Jackson, Vicksburg, Atlanta, Griffin, Macon, Montgomery, Selma, TN
Article from Memphis Daily Appeal, November 20, 1871

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GOSSIP OF GOTHAM. ANOTHER SWINDLING MACHINE. A rumor last evening said that the Yorkville savings bank, of which Henry N. Gennet is president, had borne a svy run, and that its assets were en tirelier insufficient, and that a crash was inevitafie. The depositors were mainly of the poorer classes. The officers of this institution say that no run was made upon it. The deposits are under $100,000. Its directors are men of wealth, and will be able to make good ally deficiencies in the event of such an unlooked for circumstance as insolvency. They repudiate any connection with the rin OUT TRADE refartsfrom the Metro Richard Tweed SS of December, politan Hotel on and Mr. Wilkinson place. THE VIADUCT RAINWAY, The visduot railway company will be reorganized next Wednesday. Fifteen of the twenty-five directors have resigned, and their successors will be men & iscon nected with the ring and city g ernment. Commodore Vanderbilt is tioned as one of the new members. Eff are being made to have Sweeney remainsu but he positively declines. Tweed and Connolly are certainly out. It is believed that the plans for building the road are unchanged. TIRED OF iT. Applications were made to the British consul, on Saturday, by three naturalized citizens for permission to resume allegianoe to Britain CHURCH BURNED. St. Andrew's Episcopal church, corner of Twenty-seventh street and Fourth avenue, was burned on Saturday night. Loss, $12,000. JEWELRY STORE ROBBED, The jewelry store of J. Brennan, in Ma'den Lane, was robbed on Saturday of $2500 worth of diamonds rings by a sneak thief, VIOTIM OF AN ABORTIONIST. Mrs. Allen. Young, said to be the viotim of an abortionist named Mrs. Palmer, of Williamsburg, was found in Broome street Saturday night, in a critical condition. She was sent to the hospital, ROUGH ON KRNO. Judge Dowling sentenced two proprietors of keno establishments to six months in the penetentiary each, or a fine of two hundred and fif y dollars. A CHICAGO SUFFERER. Mrs Ann McClellan, one of the Chicago sufferers, applied for lodging at the police station, in Astoria, las Saturday night. She kept & boardinghouse at the corner of Main and Market streets, in Chicago, where she was in comfortable circumstances. but lost everything by the great fire. She has made her way east in search of friends.

5. November 20, 1871 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, November 20, 1871

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now bosed to have been subdued. No deaths have occurred since Thursday. The Humboldt, of the same line as the Franklin, expected to arrive on Tuesday, it feared, will have a portion of the disease on board. WHY ALEXIS DON'T COME. It is said at Quarantine that the real cause of the delay of Prince Alexis' arrival, is owing to the fact that, as there cholera in Russia, it was deemed advisable to take a migratory course and visit Maderia and other Southern climates before proceeding. A CONFESSION OF FRAUD. An elected Inspector of Brooklyn named Weldon pleaded guilty to the charge fraud, and gives bail in the sum of $2,100, the amount asked by the Grand Jury. DIDN'T DIE OF HERRING. The man who was reported to have died from eating poisoned herring, is now said by the coroner's jury to have died appoplexy LATER CONCERNING THE BOWLING GREEN BANK. NEW YORK, November 19.-The Sun day Herald says the primary cause of the suspension of the Bowling Green Savings Bank is said to have been the loss of quarter of a million dollars in Hanibal & St. Joseph stock, in which the officers and directors, it is alleged, speculated with its funds. Wm. Selmes, its Secretary, stated last evening that he would not be able to open the doors soon, it at all. He says the liabilities and assets are each about half a million, and that the bank will be able after a while to meet every obligation, and have ample securities. They have been obliged to bear the odium of connection with the Ring for three months, and to raise money they had to sell their securities at a heavy discount. Mr. Tone is said to have been appointed receiver. The World says that Judge Hogan, who is one of the directors of the bank, said last evening that unless there was fraud there could be no serious trouble result. If there was fraud, he would not be sorry to see the guilty man strung up to a lampapost, And the poor, whose hoarded dollars were taken from them, would be likely to take the law into their own hands. The Judge never attended a meeting of the Board, though nominally an officer. The Secretary and Walter Roche, however, assured him that all was right. THE NATIONAL SAVINGS INSTITUTION The officers of the National Savings Institution, corner of Houston and Broadway, of which John McBride Davidson, the ring's safe man is President, deny that it has suspended, and say that it will open Monday, prepared to pay all demands, and that every depositor is secured. Ar rangements have been made to meet an extraordinary drain. Richard M. Tweed is one of the trustees. ANOTHER BANK TOTTERING.' Rumor last evening said that the York ville Savings Bank, of which Henry W. Genet is President, had borne a heavy run; that its assets were entirely insurficient, and a crash is inevitable. The depositors are mainly of the poorer classes. The officers of this institution say there was no run upon it that its deposits are under $100,000 that its directors are men of wealth, and liable to make good any deficiencies in the event of such an unlooked for circumstance as insolvency. They repudiate any connection the ring. TWEED JR. RETIRES FROM THE METROPOLITAN. Richard Tweed retires from the Metropolitan Hotel on the 1st of December, and M. W. Wilkinson takes his place. VIADUCT RAILWAY. The Viaduct Railway Company will be organized next Wednesday. Fifteen out of the twenty-five directors have resigned, and their successors are to be men disconnected with the ring and the city government. Commodore Vanderbilt mentioned as one of the new members. Efforts have been made to have Sweeney remain, but he positively declines. Tweed and Connolly are certainly out. It is believed that the plans for building the new road are unendangered. The Russian clipper Abreck came to the upper quarantine yesterday. The Sultana is to be promptly inspected by the Health Officers. Application was made to the British consulate yesterday by three naturalized citizens for permission to resume allegiance to Great Britain. The Williamsburg Mormon Church breaking up, and most of its leaders have gone to Utah. St. Andrew's Episcopal Church, corner of 27th street and Fourth avenue, was burned last night. Loss $12,000. The jewelry store of J Brennan, in Maiden Lane, was robbed yesterday of $2,500 worth of diamond rings by sneak thieves. Mr. Allen Young, said to be the victim of an abortionist named Mrs. Palmer, of Williamsburgh, was found in Broome street last night, in a critical condition, and sent to a hospital The American Girl beat W H. Allen Fleetwood yesterday, in a deferred heat of Nov. 13th, in 221. Judge Dowling has sentenced two proprietors of Keno establishments each to six months in the penitentiary and a fine of $250. Mrs. Ann McClellan a Chicagosufferer applied for lodging at the police stati Astoria, last night. She kept a boarding house at Main and Market streets, in Chl cago, where she was in comfortable circumstances, but lost everything by the great fire. She has made her way East in search of friends. NEW YORK, Nov. 18. Evening.

6. November 21, 1871 The New York Herald New York, NY
Article from The New York Herald, November 21, 1871

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The "Poor Boy of the Mohawk," His Banks and Police-A Captain of Detectives on Guard. THE REPORTS TO THE LEGISLATURE. Reports That Never Lie-Condition of the Manhattan, Guardian, National Savings, Bowling Green, Yorkville and Citizens' Banks. Figures and Facts for the People. Few calamities are fraught with more of truly pittable misery than the failure of a savings bank. Other financial concerns when they topple over usually content themselves with burying in their crumbled heaps of ruins LARGE SLICES OF THE PROPERTY of men whose colossal fortunes can easily with stand a considerable and sudden diminution, and whose means were probably accumulated by the misfortunes of a similar character which had previously overtaken their neighbors; but the closing of a savings bank's doors for the last time shuts out every ray of hope and happiness in this life from the hearts of 80 many poor and worthy fellow creatures who so richly deserve a better fortune that no man with human feelings and sympathies can stand the unmoved witness of such a spectacle. It brings before the mind's eye the exquisite agony of the industrious laborer who for many a long year has toiled in the winter's biting frost and under the blazing summer's sun. in humility and hard. ship and danger, and coined his sweat and blood and flesh into few precious dollars, that might save him from hunger and the aimshouse when his supple joints became stiff and his strong muscles weakened and his hair grew gray after a life of weary SUFFERING AND SELF-DENIAL, and who now suddenly awakes to find that his longcherished dreams-of an old age of comparative comfort and independence have changed into the dread reality of inevitable and hopeless beggary. Then think of the indescribable misery of the poor widow whose humble and untiring Industry with her washboard or her needle has enablea her to save little money, on which she depended to bring up her fatherless boy as a worthy and honest member of society, and to preserve her orphaned daughter from life of shame, and who now finds the fruits of her years of toll and patience and privation all withered and blasted in an hour. Only think of the thousands of cases of wretched. ness and suffering, which no pencil can pain: and no pen enumerate brought about by the collapse or one of those instituti ns which are allowed to exist only because they profess to be peculiarly the guardians and rewarders of the industrious poor. and If there be any sentiment in addition to pity for the victims, it is that no punishment can be too severe for the parties who wilfully abuse or negligently mismanage THE AFFAIRS OF SAVINGS BANK. The great excitement in the city caused by the announcement of the failure of several savings banks and the details thereof published in the HERALD on the two following days had duminished very little yesterday. Even among those who were not depostors the interest in the condition of the suspected banks was very intense, and groups of men who congregated under awnings and porchos for shelter from the falling rain discussed the affairs of the sav. ings banks with the safety and tardy arrival of the Grand Duke Alexis. What every speaker seemed to consider most remarkable was the fact that all THE THREATENED FINANCIAL INSTITUTIONS were connected in some nearer or more remote degree with the old Tammany Ring and acknowledged some one or other of its distinguished members as their managers and directors, and the name of WILLIAM M. TWEED was on every tongue. About two o'clock in the afternoon a large group of soaked and dripping citizens stood under an awning on the corner of Fulton street and Broadway, discussing the financial situa. ation, its causes and effects. "Well," said one gentleman, as he shook the rain from his umbrella, "there's sort of poetical justice in all this. Thousands of poor laborers in the city are ruined by the very men they always fought for and voted for and kept in power." "No, sir, no: that's a mistake," replied poor Irishman, who had just been denied admittance to one of the banks where his little savings were deposited: "that's all mistake, sir. 'Twasn't me that voted for 'em at all. nor tought for 'em, alther. 'Tisn't the poor, hard workin' min, that WORK FOR THEIR LIVIN' and save their little airnings for the childher, that do have anything to do with thim politicians one way or another. We did not put our money in their banks because they were Tammany politicians, but because we saw them looked after and associated with by gintlemin that houlds their heads the highest the city. The papers tould every day that they had plinty of property in all the ratlroads and banks of the country, in company with all the great people of the land, and, sure, we naturally thought they were safe enough to hould our little thrifes for us." "Could it be out of revenge for going back on them at the last election that they have done this thing now ." asked another. "I "Begor, may be so." said the Irishman. wouldn't put past thim.' as "I think, said German, "dey be's not so bad als. I b'leef Tweed has pull all his money out of dem banks and leave nothing any more, so dat he can GET AWAY VERY SOON. How much you lose P1-10 the Irishman. "Two hundhert an' forty-six dollars," answered Pat with sigh. "Ah, lose BIX hoondred dollar," and the German walked away sorrowfully. of It would be hard to estimate the amount wretchedness and misery caused by the failure of those banks: it never will and never can be known All the information that could be gleaned, however, by a sharp squad of reporters is here subjoined. The reporters of the HERALD were yesterday despatched in every direction to secure facts regarding the run upon the banks, and the result of their labors is given, as follows. The Banks of the City and County Hard Earnings Are Secured or Protected. D.C. Howell, Superintendent of the Banking De. partment of the State, resides at Albany, and is supposed to exercise general supervision over the banks of the state. From nis report transmitted to the Legislature on the 15th March of this year the following statement of the character of securities in which the banks have invested to secure their depositors is taken. A comparison of the character of the securities in which investments are made within the law will enable any depositor of ordt. pary intelligence to discriminate between Bound institutions and "wild cat" banks, established in the Interest of "ring men" who, by the rounding of banks, hoped to secure political power for an indefaite period. From Mr. Howell's report the followlog facts ascertained:ABINGDON SQUARE SA VINGS BANK. Bonde and mortgages, $20,000; United States securittes, $5,000. ATLANTIC SAVINGS BANK. secuStates United Bonds and mortgages,$808,17 rities. $676,000; bonus o: cities in the State, $307,000;

7. November 24, 1871 The Fremont Weekly Journal Fremont, OH
Article from The Fremont Weekly Journal, November 24, 1871

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ON Saturday last three savings banks suspended in New York. They were the "Gurrdians Savings Bank," the "Bowling Green Savings Bank," and the "National Savings Bank." Prominent Tammany politicians were connected with each of the banks. There had also been a heavy run on the Yorkville Savings Bank, and it was thought it would have to succumb. It is claimed that they will all, in time, be able to meet their liabilities.