German Savings Bank (Morrisania, NY)

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A RUN ON ANOTHER BANK The Action of the Directors of a Threatened Morrisania Institution. On Saturday a run was commenced on the German Savings Bank of Morrisanta. The demands were met promptly. but. owing to rumors adverse to the solvency of the institution, there is a likelihood that the run will be resumed to-morrow. A meeting of the directors was held, and it was conceded that a further withdrawal of deposits to a considerable amount would necessitate the calling in of a very large number of small mortg ges beld by the bank on property owned by residents of Morrisania of small means, which course would ruin many. It was asserted, however, that the capital of the bank was sufficient to pay every depositor in full. The following agreement was signed by all the directors: The undersigned hereby agree and undertake that If the depositors will assist them in averting the above. named calamity by allowing their deposits yet remaining 10 the bank to remain there as before. they will hold themselves personally responsible, each to the extent of his whole individual property. !or the payment in full of each and every deposit so left in the bank. In case this proposition is not accepted, wever, and the bank 18 forced to sacrifice its securities in the present depressed state of the market in order to raise tinmediate funds, the undersigned consider themselves re leased, and any loss ensuing in consequence thereof will be attributable to tae unwise and hasty action of the depositors themselves. The signers are: Jacob Held, President : M. Kuntz, First Vice-Prestdent: Nic Thiel, Second Vice-President; Charies Fritz, Treasurer Henry Schmudt, J. Chr. Freedmann, Loreuz Zueguer, Casper Hake, Valentin Frees, J. B. Denicke, A. Freutel, Phil. Ebling, Ad. Huepfel.

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NEW YORK

The Savings Banks. NEW YORK, Oct. 9.-The run on the Northwest Savings Bank continues, aud a run was begun to-day on the German savings bank of Morrisania. Both banks are believed wholly safe. Proceedingsagainst Tweed and Sweeney. The struck juries for the trial of the million dollar suit against Tweed, and the seven million suit against Sweeney, appeared at the adjourned term of the Supreme Court before Judge Westbrook this morning. The judge stated that he had been assigned to Ulster circuit, and no other judge being available the cases were adjourned to Nov. 13th. There was a slight run on the North river savings bank to-day. All the demands were metand aid from sister banks was declined. Scull Race. The junior scull race at Greenwood Lake today, two miles, was won by Orr of the Seo wanhakos in 14.15; Mann of the Argonautas second; Mills of the Atalantas third; Conlen of the Friendships fourth. Imprisonment for Life. David Henry Peterson, a young negro, was convicted to-day of murder"in the second degree in killing his colored mistress and sentenced to imprisonment for life. Pools on Ohio and Indiana. Pools were sold to-night on the Indiana and Ohio elections. The betting on Indiana ranged from $100 to $80 down to even on Williams, and the same betting prevailed regarding Harrison. The betting as to Ohio on Barnes ranged trom 100 to 35 and 100 to 25, with many takers in the field. Pools on the result in the state of New York were sold, and 800 to 100 was offered that Tilden would not carry the state, and 500 to 100 that he would not carry it by 40,000 majority. Both bets were taken.

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$71,955 27 Surplus SECURITIES. Bonds and mortgages on improved city property, worth more than double the amount loaned $383,559 279,880 00 New York and Brooklyn city bonds 15,600 00 Utica city bonds 51,500 00 Town of Kingston bonds 3,500 00 Ca loans on United States bonds Cash on hand and in banks and trust com50,285 0 panies 25,293 3 Interest accrued $809,617 3 Total cash and 1. vestments The cause of the useless excitement in this instance is due to a difficulty between the president and other officers of the bank. As the statements of President Hooper and the directors are so much at variance it is hard to tell who is in fault. The latter claim that in January last the failure of Mr. Hooper This was carried by the same vote of 13 yeas to 2 nays. A letter was received from Mr. Hooper and road. It was moved that his resignation as trustee ot the bank should be accepted. but as far as the presidency was concerned from that he was already removed. This motion was unanimously carried, and the meeting adjourned. The vice president will be the acting president ol the institution for some weeks to come. GERMAN SAVINGS BANK OF MORRISANIA. The run which commenced upon this bank on Satur. day, appears to have just motive or foundation. Mr. Held questioned several but they refused to explain their motive for withdrawing. It finally appears, according to the statement of Mr. Held, that the trouble originated from a trustee of another rival institution: who had given forth information to the effect that the affairs of the German Bank were not in proper condition. This person also declared that the Wieland Lodge of Free Masons, in Morrisania, had withdrawn their entire deposits from the bank. amounting to $4,000. "Now the fact 18, " said Mr. Held, "that the whole amount to the credit of the lodge 18 $200, which still remains in the bank. The whole thing was done with malicious intent to injure the welfare of the institution. On Saturday evening the directors held a meeting to determine upon the best means of checking the unnecessary excitement, when they agreed upon making the following statement:The undersigned hereby agree and undertake that If the depositors will assist them in averting the above named calamity by allowing their deposits yet remaining in the bauk to remain there us before they will hold themselves personally responsible. each to the extent of his whole individual property. for the payment in full of each and every deposit so left in the bank. In case this proposition is not accepted, however, and the bank is forced to sacrifice its securities in the present depressed state of the market in order to raise immediate funds, the undersigned consider themselves released, and any loss ensuing in consequence thereof will be attributable to the unwise and hasty action of the depositors themselves. to properly discharge his duties as President became so troublesome to the trustees that many ot them determined not to vote for his re-election. He was re-elected, however, by but two votes. He was next requested to resign, but declined to do so. The trustees declare that Mr. Hooper, knowing that his election again was impossible, began to undermine the conti ence in the management of the bank. Frequent mysterious withdrawals of deposits were observable, and on the 1st of July Mr. Hooper himself withdrew his own accounts from the institution in so public a manner as to create distrust among the depositors. The trustees laid the matter before the Superintendent of the Banking Department, in June last for the purpose of obtaining his advice. He recommended application to the courts, but they were unwilling to precipitate matters publicly and run the risk of creating a false alarm among the depositors. From the foregoing the trustees say the cause of the present run may be easily seen. Last evening a meeting of directors took place in the bank, when the following business was trans. acted:-A resolution, which was trained at the last meeting in September, upon the report of a special committee of inquiry, which recites the derelictiont of duty on the part of Mr. Hooper and recommends his removal was passed by a vote of 13 yeas to nays. The following resolution was also proposed:Resolved. That the conduct of Mr John Houper. in giving publicity through H newspaper, on Saturday last, to the dealings of the trustees of this bank with him in conso quence of his misconguct while president of this bank whereby some depositors have been induced to withdraw their deposits to their injury, deserves the severe censure of the trustees and depositors of this same bank. The signers were:-Jacob Held, President; M. Kuntz. First Vice President; Nie. Thiel, Second Vice President: Charles Fritz, Treasurer; Henry Schmidt, J. Chr. Freedmann, Lorenz Zuegner, Casper Hake, Valentin Frees, J. B. Deniedo. A. Freutel, Phil. Eb ling. Ad. Huepfel. This was printed in circular form and roady for distribution to the depositors, upon the opening of the bank's doors yesterday morning Ere this the deposttors seemed somehow to have regained their confl. dence, for but few people came to withdraw their funds. OI these, many altered their determination after read. ing the circular and conversing with the President. Mr. Hoeland offers the following statement of the condition of affairs of the bank on September 31:ASSETS. $3,178 64 Cash on hand 1,098 92 Cash in Germania Bank 60 00 Call loan ou United States bond 86,831 55 Bonds and stocks. 50.802 29 Real estate 282,950 00 Bonds and mortgages Total $424,921 36 Liabilities $405,921 31

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e Bank of Morrisaning Ings after a Long and Hard Struggle. cumbs two thousand persons who, a Sav- few Of about had deposits in the German have months ago, of Morrisania, A large portion would if ngs Bank th ir money. and the rest which for withdrawn All last week the bank. condition, hey could. has been in a precarious emptymonths subjected past to a run that was rapidly morning the was and on Monday closed. and ng its treasury; throng found the doors No payassembled eation conspieuously posted. notice." hignotiff by this bank until further given. nor ments made notice" has not yet been busiThe "further prospect of the bank resuming a receiver. there any trustees have applied for a few 1088. The probably be appointed within of the dewho will it is hoped that the claims A long lays, and be paid nearly in full. this can be hositors may elapse, however, before most of the assets are which, if foreclosed would in bring but done, real ime estate. must for of values, mortgages the present on a condition The nominal depressed of their forme value. and the liabilities ithe $350,329. depositor's on $338,237. January in 1 studing were an apparent $299,237 surplus of enjoyed of $12,092. the money. confidence The bank Allowing of has, the for residents the unfortunate most of part. Morrisaning but honest. who was regard began the business trustees in as 1868. years and ago for it met a ti with Gus- its first very It prosperous. misfortune, lending its Two a then large President amount When Mr. of money the live on Midland New Phefer, was Jersey thrown Midland quieted into the bonds. the fears was hands of to the of be a trus- sold. rereiver. Mr. Pflefer that the line recovered. tees by telling them $96,000 would evid be all nt that unand the money. passed it became the calamity. But 88 something time was done to going avert to seriously the bank. the lefteren this less injudicious loan and was the trustees finally, y. Todo gave Tripple notes this many or mon of them y to cover public confidence Hourishing. mortgage was Mr. restored. their property and busin superseded but again as was President made by by Mr. the Priefer, Held, was and threats are the now former PresiJacob office rs and truster amount of lent suing by him bonds without of any the The next estate dent authority for the from the trustees. embarrassment on the of the transac- bank Midtand. due to an injudicious renting real a small build- lot in was ing tion. for The $1,200 trustees 8 year. local were and politician owned a large persuaded building Morrisanim. A large and expensive they could rent them to put up a promising that $2,000 a year to the on their ground. portion of it for ediffee. which is the upper Court. But when the Morrisaning at Third one Police of the handsomest street, in was erected, the Police that The Court avenue was and established 158th at small Fordham. a sum as $700 It was the loss cause of so of the bank's failure. had that was the direct Benevolent Association division occurred in Women's on deposit. when Two a associations of were the amount ranks of the society. claimed the $700. One to bodies bank from formed, the and each sued out an injunction paying the reassociation conflicting strain the to trusteen the other. of the the and, money under was the the paid injunction. advice to the of the amount bank's counsel that section had obtained of the society for the sued defence the bank neglecting Then for the $700. other to and attend. by the default. judgement counsel Extravagant was the rendered amount rufor the plaintiffe bank inability to pay reports more of the as well ILM itself, began of the magnitude judgement. of the being of the of the float about Morrisania, of both sections the reto sulated by the women nt association. published and cards was a notices assuring to satisfyall sult Women's posted Beneve run. The funds trustees the depositors be demands unable that on thebank and it if it had was ample not pushed. ted run. but would This served only and protriy depositors. trustees finally were thirty and time. the to to sustain intensity a the fears the of the compelled for a sixty to and day put notice into operation rule. The panic usual subsided for from months. an unbut at the cause. the of the smaller explained business went beginning on as of anxiety Many last week. of proposed the depositors to de- fall was again aroused. paid. and it was of withdrawal by back positors upon having that wer the larger the rule institution of amounts. notice it was best But past to it was close saving. soon evident those thought the funds. value the and the and trustees divide the residue to recover of the full yesterday. doors If we are given time said an officer. depositor a bun to foreclosedred we cents on the shrug of the shoulders. of our shall mortgages. be able dollar: to pay every but if we are obliged

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THE GERMAN SAVINGS BANK

MEETING OF THE DISAPPOINTED DEPOSITORS AT MORRISANIA LAST EVENING. The suspension of the German Savings Bank of Morrisania tormed the chief topic of conversation throughout the Twenty-fourth ward yesterday. Among the depositors whose hard earnings are now locked up in the broken bank there appeared to be a feeling of mel. ancholy resignation not unmixed with hope that all may yet be well with them. There seems to be a gen. eral desire among the class indicated to encourage and to a certain extent aid the trustees of the institution in any effort they may make to retrieve the disaster which has fallen alike upon them all. Many of the depositors themselves now condemn the lack of confidence which produced the ruinous run upon the bank's resources, and express a willingness to leave their several accounts ou deposit for a year or two, it necessary without, interest, it by that course the directors might be assisted out of their present financial difficulty. It should be stated, however, that this proposition does not emahate from any of those who were fortunate in drawing out their entire deposits before the bank became hopelessly insolvent. At a late hour on Wednesday evening an order issued by the Supreme Court at Schenectady, on application of Superintendent Ellis, of the Banking Department, restraining the institution mentioned from any further exercise of 18 corporate functions pending further judicial action, was served on the cashier. Last evening, in response to a call; a number of the depositors, embracing about 126 men and half a dozen women, met in the ball room of Hupfel's brewery, for the purpose of taking some preliminary steps in regard to the bank suspension. The meeting, which was one of the most orderly character, was organized by the election of Joseph Kuntz, president, and John A. Henry, secretary. On motion a committee Was appointed to conter with the trustees of the bank as to the most judicious course to be pursued in the premises and re port thereon as speedily as practicable.

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ANOTHER BANK SUSPENSION

PREPARATIONS FOR THE CLOSING OF THE GERMAN SAVINGS BANK OF MORRISANIA. The German Savings Bank of Morrisania, at One-hundred-and-fifty-eighth-st. and Third-ave., has become involved, and steps have been taken toward the appointment of a receiver. The bank was incorporated by the Legislature in 1868, and for five years grew steadily in prosperity. Since 1874, however, it has been gradually losing. In that year one of the directors, stated the President, Gustav Pfeiffer, exchanged bonds held by the bank for New-Jersey Midland bonds to the amount of $90,000. It was known to the directors that an exchange of bonds was to be made; indeed, it had the Superintendent that the Midland bonds an one been supposed suggested by held. of would This Banks, step for but was in- no at stant be preferred to those already once acknowledged to be a mistake, and the public confidence, which was impaired at once by the transaction, has since steadily declined, though the directors were not held blameworthy. At this time the bank occupied part of a small building on the upper corner of Onehundred-and-seventy-eighth-st., for which a rental of $600 a year was paid for the first three years and about for the last three years. It was a of the directors to up for it was then ent $700 visable banking a year by majority building, supposed put thought that the pres- the adcourts afterward established in Fordham would sit there, and it was believed that the transaction would result very prodtably to the bank. The building cost about $16,000, but the Police Court was established in Fordham, and the enterprise proved a disastrous one. The bank incurred still another misfortune through the Women's Benevolent Association, which had about $700 on deposit there. This society, splitting into two factions, the one sued out an injunction to prevent the bank from paying this money to the other. Thereupon the other section sued for the amount, and the counsel for the defense neglecting to attend, judgement was rendered by default for the plaintiffs. This gave rise to the rumor, which rapidly spread. that the bank was unable to meet its liabilities, and it is said that at this time the lack of confidence was developed which has chiefly caused the present embarrassment. A short time ago Superintendent Ellis recommended that the institution be closed. stating that he regarded this course for the best interest of the depositors. Accordingly the Attorney-General obtained on Feb. 26 an injunction from Judge Yates of Schenectady, restraining the officers of the bank from the exercise of corporate rights and franchises, and notice was served upon them. On March 8 it will be moved before Judge Landon, at Schenectady, that the injunction be made perpetual and a receiver appointed. A director stated yesterday that since ean. 1 deposits had been withdrawn to an amount exceeding $50,000; he thought they would aggregate nearly $100,000. The panic among depositors was at one time very great, but afterward, as it subsided somewhat, the bank was able to continue payments longer than had been thought possible. The directors are men well known and respected in the community. and it was stated yesterday that their honesty had not been from the first suspected. Indeed they contributed more than $10,000 from their own pockets about a year ago to relieve the bank from its embarrassments. One or two of the depositors stated that there was no hard feeling against the directors, and it was possible that th depositors would consent to let the instit tion continue business. The directors and officers of the bank assert confidence in their ability to pay the liabilities in full if they are not obliged to foreclose. The January report shows an excess of assets over liabilities amonating to $12.091 12: but the banking building is valued at its cost. $46,495 11. which is believed to be a derably larger 8:141 than it could now be sold for. The institution holds $64,855 55 in town bonds, of which nearly 850,000, bonds of the town of Southfield, L. I., have been under litigation, but the cashier yesterday received a letter stating that the case had been decided in favor of the bank. According to the January report the bank has resources amounting to $350,329 the number of open accounts Jan. 1. 1877. was 2,337: the number opened during 1876, 231 ; number closed during 1876, 642: amount deposited during the year, $836,617 55 : amount withdrawn, $1,038,602 70. The largest amount due any depositor on Jan. 1. exclusive of interest, was $4,927 64: the average amount of each account. $128 04. The ra of interest paid depositors during 1876 was 6 per cent.

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Possible Bull Movement in Stocks-Black Hills Gold. The Produce Markets Moderately Active and Irregular---Provisions Again Weak. Wheat and Barley Stronger-Corn Love Other Breadstuffs Steady. FINANCIAL The new business that comes to the banks to not heavy, The supply of Board of Trade paper is much less than last month, although some is brought forward every day. The morcaulite ap. plications for loans are not numerous, bnt are more frequent than in February The banks. as rule, report their discount lines tolerably well filled, with, however, sufficient funds at their dis posal to handle whatever first-class paper is of fered. Rates of discount are 8@10 per cent at the banks to regular customers. On the street, rates were 7 per cent and upward. New York exchange was quoted at par between banks. The clearings were $3,100,000. BLACK HILLS GOLD. The Union National Bank has on exhibition two bottons of gold received from Stebbine, Post & Co., bankers In Cheycone and Deadwood. The "bottons weigh together 230 ounces Mtroy, and are valued at 500. They are the result of twenty- five days' run by an arastra on ores taken from the Father Deamer mine In the Black Hills, owned by Nichols, Haven & Coleman. FRENCH SPECIE MOVEMENT. Something Ilke-nn approximate Idea of the movement in and ont of the precious metals with regard No France In 1870 may be had from some recent >statistics published by the Government of that country. The total Importa of gold In bull. 100 and coin are pat at 509, 582. 000 francs. and of silver 1212.203.320 france; the exports of the former were 04,700,000 france, and of the latter, 60,720,080. These figures are said by the Paris correspondent of the London Economial to be in. exact. The preparation of the tables from which have obtained these Ogures is said to be so slovenly that serious errora of additions have been let ellp. The statistics. after all allowance for their Inaccuracles, above that the specio hoards of France are still growing, and explain the late action of the Bank of Frauco to discourago further RCcumulations. OPPRESSIVE SUSPENSE IN THE LONDON STOCK MARKET. The foreign stock market is absolutely stagnant. Home investing business a standstill, and the inter- Bourse arbitrage dealing in almost entirely stopped. There was drop in prices just before the close. in sympathy with fall In Paris, but there was next to bothing done. Egyptian stocks close very flat, and we have heard some is distinct statements professing to account for the fall, but could not authenticate any of them. The fall is said to have began here in their case, only that its doing so may simply mean that the French dealers tried to sell here the morning while their own market was undisturbed. There is still some foreign demand for Russian bonds, but the Felling here, email though It may be, seems always to mas! ter and they close weak. There was something done in Hungarian bonds In the morning on favorable news about the bank dimculty. Peravian bonds were also firmer, Influenced by the news of the Antwerpdecielonagainat Messra. Dreyfur Nearly all these gave way again before the close, however, and Turkish 1871 bonds were particularly flat. The same brokers are selling them now by whose purchases they were run up some months ago, and there is positively no mar. ket to well upon- even a speculative one-At the moment. A dull and appressive suspense bange over every one, and compels all to panee. The Bourves at Vienna and Berlin appear, however, to have been exceptionally firm. but. As they have few dealings here just now, their drinness WITH not felt appreciably as a support.-London Times, Feb. 20. THE PENNSYLVANIA A ANTISSTOCK UAMOLING' BILL The railroad Inflnence of Pennsyl is credit with the origination of the bill pending In the Pennsylvania Legislature for the suppression of onlew of stocks for futuro delivery. In this way the companies hurt by the recent break-down of their stocks wish to revengo them olves on the stock brokers, The latter announce that If the bill becomes law they will contest Its constitutionality, and. failing In that, will take their operations in " futures across the river to Camdon, N.J. RAVINGS-DANK NOTES. The report of the Committee appointed to exam. Inc the condition of the lately suspended German Savings Bank of Morrisania, N. Y., discloses deOciency of $48,115.50 that may possibly become $98,357.82. The Chairman stated that the bank, If allowed to continue. could pay 75 per cent of its deposits at the end of a year, but, If shut up, not more than 53 per cent. The Committee courteous. ly expressed the opinion that the failure was due to the mismanagement of former. not the present, officers, An agreement was signed by the deposStore to allow the bank, provided the Attorney General consented, to continue in business, with their deposits, for one year without interest, the end of which time they were to receive 75 cents on the dollar of their deposits. Au order has been isened for the continuance. until further notice by the Supreme Court. of the injunction preventing the City Savings Bank, of Providence. oue of the Spragne Institutions, from paying out or receiving deposits, The Receiver of the Cranston Savings Bank has paid back 07 per cent to depositors, The Indebtedness of the bank remaining is 3732. 021. and the bank holds property of the face value of 8880, 546, of which 8778,900 consists of Sprague notes, worth 25 per cent, and $92.000 land, MUNICIPAL FINANCES OF NEW TORK. The report of the Finance Department of Now York City for the month of February to not an encouraging document. The total debt of the city, deducting the sinking fund, has Increased sinco the 1st of January from $110,811,310 to 8121, 647,731. The City reasory had on hand In cash on Feb. 2H. $204, 402, but the wide departure of its finances from cash basis is shown by the Net of stocks and bonds issued in the first wa months of the year. The total was $2,808,008, of which no less than $2,174,700 La for current expenace." With such a tido running against them In the very midst of an uproar of reform, the citizens of New York may well begin to look on the future with gloom. III boding apprehensions are expressed that the city may be on the eve of bankruptcy. STUEKE TO un A BULL MOVEMENT IN STOCKAY The New York World, In its financial collion of Monday, puts Itas probable that: demonstration in favor of higher prices has been arranged by the speculators who have recently depressed prices. It says that the changes In management in the Rock Island and Northwestern Hallroads appear loit to be part of programme for bull movement, though Union Pacific alone has made any marked advance within the week. The speculators who have talked Rock Island down and sold It short, on the trustworthy Information supplied yould a must by this time be ascortaining the uses to which they have put themselves: and the crowd of deal. ers who go to leading speculators for points' have fresh Illustration to show for whose beueft these points" are given. GOLD AND GREENBACKS. Gold was 1004 In greenbacks. Greenbacks were 31603 cents on the dollar In gold. FOREIGN EXCHANGE Sixtydays. Sight. Sterling.

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Old-fashioned organdies are renewed for Summer dresses. Vegetable ivory or smoked pearl buttons are now used on wool, silk, and cotton dresses. The corner of Barclay and Greenwich-sts. is known to marketmen as "Cabbage corner." California apricots and green peas from Florida appeared in Washington Market on Saturday. The arrests during the past week numbered 1,539 deaths, 526; births, 511, and marriages, 119. small shawl to match the dress, when the latter is of plain cashmere, will be one of the favorite wraps for Spring. A Broadway window displays Japanese sleeve buttons an inch square, of ivory ornamented with birds and beasts in mother-of pearl. The fourth reception of the Rev. O. B. Frothingham's Society will take place in the Theater of the Union League Club to-morrow evening. The old Dyekman homestead on the Kingsbridge road has been designated by the Common Council as a dog pound during the Summer months. The new building of the New-York Hospital in West Fifteenth-st. will be opened on Friday next. The cost the building, including the ground, will be nearly $1,000,000. William Eagan, who was arrested for beating and generally abusing his stepson, Michael Nevins, was sentenced to six months in the Penitentiary on saturday in the Court of Special Sessions. The boy is in charge of the Society for Prevention of Cruelty to Children. The blind Proteus from Austria, Axolotl from Mexico, Salamanders from Germany, and some curious fish from China are among the latest additions to the tanks of the Aquarium. The choir of Madrigal boys will give afternoon and evening concerts in connection with the band. During an intermission at the Eagle Theater on Saturday night careless person in the balcony dropped programme into gas jet where it caught fire and blazed brightly. An incipient panic took place, but was instantly quelled by the vigorous hissing of the cooler portion of the audience. The war of the races has invaded the courts. In the calendar of the Superior Court. General Term, there is the case of Black against White, and the plaintiff's attorney is also Black. The suit has had a checkered course for more than year, but one of the principais 18 sure to be checkmated in the end. James Carr of No. 618 East Thirteenth-st., who considers himself abused because he is not allowed to gain livelihood by begging in the street with his pretty little boy, was found guilty on Saturday at the Court of Special Sessions, remanded for sentence that he may have time to prove his good character if he can. The steam wrecking-boat known as the Baby Pump, belonging to J. C. Baxter, while on her way from Ho boken to Twenty-third-st., East River, yesterday afternoon, as discovered to be filling with water, and was run up to the Government stone dock at the Battery, where she now lies partly submerged. The report of the New-York Post-Office Mutual Aid Association shows that 108 were admitted during the past year, making the present membership 555. To the heirs of deceased members $11,148 was paid during the year. and total amount expended in this way for the nine years of the existence of the association has been $79,016. A letter was received by Pilot Commissioner George W. Blant on Saturday from W. Bodisco, Consul Gen. erale Russia, in which he cheerfully complies with the request that foreign war vessels in order to secure a safe and commodious anchorage shall anchor below Bedloe's Island, or above Twelfth-st., North River. The pilots were instructed not to anchor war vessels above Tompkinsville, hereafter. An insane young gymnast, who was arrested for smashing windows in Fulton-st.. now occupies the padded cell of the lower tier of the City Prison. His identity is an unsolved problem. He calls himself James O'Neill, but has let ra ddressed to Gustav Schterman, cigar store, Fifty-fifth-st. and Third-ave. He practices gymnastics in his cell, and makes frequent demands for his ladder. Workmen were engaged on Saturday in shov up the remaining walls of Henry Welsh's grocery at Washington and Franklin-sts. The accident on Thursday evening was doubtless due to the weakening of the great floor beams by action of steam, thus causing dry rot. The loss of the Skilmore estate, to which the building belongs, as well as that of Mr. Weish, from damaged stock and interruption o business, will reach $50,000. The Board of Aldermen having requested the Excise Commissioners not to cause the arrest of liquor dealers during the hours the police courts are closed for violations of the Excise law, Commissioner Morton expresses the opinion that a man violates the law he should be arrested as soon thereafter practicable. He says that persons violating the Excise la like those committing other crimes, should detained in prisons and station houses until they obtain a trial in court. The five babes at the Central Park Menagerie are objects of much interest to visitors. The young dromedary reached the superlative degree in ugliness and vicious in the mature animal, but considering his age he is doing well. The twin cubs of the Astatic lioness Nellie" are now about the size of Spitz dogs, with big blue eyes, long sharp teeth and playful kittenish ways. The little panthers a delicate gray color, with spots of darker tint; they exhibit many feline characteristics. The question of the disposition of garbage and ashes in this city has long been regarded as most important. Four or five months ago a plan was proposed by Prof. Chandler, President of the Board of Health, by which the refuse the city was to be charred in furnaces and afterward used for filling. A full account of this process was published in THE TRIBUNE : at that time. Now the question of filling Little Hell Gate has been raised, and it is asserted that the refuse of this city can be used for this purpose, thus effecting reduc. tion expenses and readily disposing of a vexed problem. The Police Commissioners will give the subject consideration. The funeral of James L. Stewart, one of the oldest residents of the Thirteench Ward, took place from his residence, in Grand-s near Norfolk, yesterday afternoon. As Mr.Stewart had been Secretary of the Dry Dock Savings Bank for over 20 years, and for time President of the Eleventh Ward Savings Bank and director of the Stay vesant and North River Fire Insurance companies, a number of the officers of these institutions were present. The obsequies were under the auspices of the Polar Star Lodge of Freemasons which Mr.Stewart was a member. The remains were conveyed to the family vault at the Marble Cemetery in Second-st. At a meeting of the depositors of the German Savings Bank of Morrisania on Saturday evening, the committee previously appointed announced that the time for answer ing the order to show cause why a receiver should not be ap. pointed had been extended to March 15, and that thes uperintendent of the Banking Department will aid the depositors in their attempt to reopen the bank. The plan to leave deposita without interest for a year, and at the end of that time to have 75 per cent paid by the bank requires the signatures of depositors representing $200.000. The report was adopted, and those present signed the 75 per cent agreement. Depositors will have an opportunity to sign the agreement at the bank to day and to morrow. Suicide seems to be losing favor in this city, as the deaths from this cause last year were 30 less than in 1874, and only 28 were natives of the United States. The difficulty of obtaining trustworthy facts about persons who have committed suicide renders any generalization about the causes very hazardous. With regard to sex last year's records show the usual preponderance of men, there being 114 to 36 women. Of the modes of suicide shooting was the favorite last year, the deaths from this cause numbering 36. Paris green was as popular ever, 24 having resorted t while their quietus took with knives or daggers, and 31 hanged themselves. Adjutant-General Franklin Townsend has issued a circular letter to the Adjutant-Generals of the several States calling their attention to the bronze trophy, Soldier of Marathon," given by the State of New-York to be annually contested in an nter State Rifte Match, at each Fall meet ing of the National Rifle Association at Creedmoor. He invites a team of 12 men from each State to contest for the trophy in

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gradual improvement in general trade would naturally bring higher wages to laborers. No definite action was taken. There were 41 new vaccinations made by the Health Board last week, and 145 revaccinations. The deaths reported were $225, births, 193, and marriages, 59. At the forty-eighth anniversary of the Brooklyn Sunday-School Union on May 23, it is expected that between 45,000 and 50,000 persons, for the most part children, will join in the procession. The Union is composed of 133 schools, which will be grouped in seven divisions. Otto Felix, a painter, 18 years of age, of No. 14 Graham-ave, yesterday fell from the scaffold in frout of a house he was painting at No. 38 Jefferson-st. His left arm was broken, and he received serious internal injuries. He at St. Catherine's Hospital. The Bricklayers' Union held a meeting at their headquarters on Court-st. last evening. It was decided to demand $2 a day of the bosses" next Monday. If this is refused they are to strike. The prices which they have been receiving vary from $1.50 to 225. The fair of the Woman's Union Missionary Society was opened in the Sunday school room of Plytomouth Church on Tuesday afternoon, and will continue this afternoon and even ing. The rooms are filled with an attractive array of articles, and the attendance has been very large. The managers are the Misses Halliday, Haven, and Bigelow. By order of United States Marshal Harlow yesterday, Thomas Spencer was arrested at his residence, No. 81 Oxford-st., charged with being interested in the illicit distil lery on his premises at No. 36 Raymond-st., which was seized several weeks ago. Commissioner Winslow held Spencer in $5,000 ball to appear for examination on Monday. Officers of the First Precinct yesterday arrested John Sullivan and John McCarty of Nos. 36 and 34 Oliver-st. New.York, who were picking pockets In Fulton-st. From these prisoners the detectives artfully obtained a description of a third pickpocket, whom they arrested. He gave his name as Charles Burton of Boston. Justice Walsh discharged him, but held the other two for trial. Supervisors Strong, Curran, Clark, Fleeman, and Van Cott, the first three of whom are Republicans, have been appointed a special committee to inquire into the alleged voting by the inmates of the Flatbush institutions. During a week of the paupers were discharged from the Almshouse, landson of those left behind said that these were the men who had voted. They were sent away, it was said, to avoid the resuit of investigation. The annual election of trustees of the Church of the Pilgrims, the Rev. Dr. Storrs, took place last Monday evening. Dr. C. L. Mitchell and George P. Stockwell were elected without opposition, but over the choice of the third trustee there was a live'y contest. The older members wanted George Nichols: the young people desired a representative in the board, and urged the choice of J. P. Robinson. After a debate lesting over an hour, on a final vote Mr. Robinson was chosen by a ballot of 59 to 22. Judge Pratt has granted a temporary injunction against the New York and Sea Beach Railroad Company, restraining them from running through the property of Samuel Striker, at Gravesend, near Coney Islaud. An order was also granted to show cause next Saturday why the company should not be permanently enjoined from using the land. The purpose of the action is to obtain payment for the property not yet tendered by the company. This railroad is the one whi is to connect New-York with Coney Island in 25 minutes. The Amerique which was brought to the foot of Elizabeth-st. soon after she was set afloat, remained yesterday north of the Erie Basin. On Friday she will be taken to e dry dock in the basin. A package of cut wine glasses, which was brought up from the Amerique and placed on Robinson's dock, was stolen on Tuesday. It was subsequently recovered at the foot of Conover-st., where it had been leit by the thieves Michael O'B ice, John Matthews, Oscar Howard, Edward Irwin, and William Strikes were committed for trial by Justice Ferry on the charge of stealing this property. LECTURES AND MEETINGS. The Rev. Dr. Mendes will lecture this evening on The Fall of Jernsalem be fore the Young Men's Association of the Congregation Ahawath Chesed, at Lexington-ave.and Fifty fiftiest, The Rev. Robert Bruce Hull will be installed this evenine as pastor of the Tabernaele Baptist Church, Secondave., between Tenth and Eleventh-sts The Rev. Dr. J.R Kendrick preside, and the recognition services will be conducted by some of the ablest clergymen in the Baptist denomination. At a meeting of the directors of the Lying-in Hospital yesterday, at No. 20 Union-square, the following governors of the institution were elected: Robert Ray, Apollo Wetmore, Benjan in R. Winthrop. Stewart Brown, Benjamia D. Silliman, Andrew Warner. James Lenox, Robert B. MinL. tain. Robert L. Kennedy, Joseph W. Pattersor, Egerton Winthrop, George A. Moore, and Albert M. Patterson. A final mass meeting of depositors of the crippled German Savings Bank o Morrisania will be held to-night at will be submitted A report Mon risana. in Haffel's Brewery, stating that depositors representing $200,000 have signed at agreement that they will allow their money to remain one the year without interest, and will then ace w 75 cents dollar. A petition will also be presented for signatures urging the Bank Superintendent and Attorney General to suspend al proceedings looking to the appointment a receiver Ernest counsel for the depositors, said yesterday there was a strong Hail, probability of the bank resuming business, and of the depositors getting 100 cents on a dollar. The committee will recommend that the present trustees allowed to wind up the affairs of the bank. The whole amount due depositors is $225,000. The Acclimatization Society met last evening at the Aquarium, Vice-President Alfred Edwards in the chair and Dr.John W. Green secretary. The Blooming Grove Park Association offered the use of its grounds, and stated that the association would take care of any plants. birds, fishes, etc. that the Acclinatization Society might send. John Schuyler read an account of a green parrot. about the size a dove that had lived for six months in Madison square during the coldest weather of the year, thereby showin that all parrots to do not require a warm climate. This bird only succumbed the blow of all fee-laden bough Dr. Green read a paper on piscieulture in China. The chu riman read anotice of the proposed resolution in the Massachusetts Legislature for with drawing is protection from the English sparrow, and expressed his regret in the strongest terms. the annual meeting of the Ladies' Art Association yesterday the president's report showed a great variety of work accomplished during the year. The treasurer reported a balance of 142 35 in the treasury. An amendment the constitution was adopted enabling ladies or gentlemen interested in art or art industries to become Fellows on pay ment of $5 annually. The following officers were elected for the ensuing President, Mrs. Henry Peters Gray Vice President. Mrs. Richmond L Phillips: Treasurer, Miss Field; Recording Secretary, Miss Cornella S. Post: Miss Corre- Alice sponding Secretary, Mrs.J. B. Collin: Custodian. Doulevy. Miss Mary Cook and Mrs. Mary le Dallas, with e above officers, constitute the Executive Committee, The On following additions were made to the present committees Examinations, Mrs. M. W. Harrison on Classes, Mrs. S. M. Wheeler: on Life Study, Miss Florence Granger.

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DEPOSITORS IN COUNCIL.

Another meeting of the depositors of the suspended German Savings Bank of Morrisania, was held at Hupfel's brewery, Melrose, last evening. The report of the committee appointed to procure signatures to the agreement whereby the depositors pledge themselves to leave their deposits in the bank, without interest, for one year, at the expiration of that time to accept seventy-five cents on the dollar, as a means of preventing the appointment of a receiver, was presented showing that about $193,000 had been signed for. As the amount due depositors is $225,000, there still remains over $30,000, the greater portion of which must be pledged in a similar way before the directors can feel safe in assuming that the Attorney General will permit them to resume business. One of the objects of the meeting was to present this state of affairs to those depositors who are reluctant to sign the agreement, in the belief that if the institution should open its doors next week, they would receive the full amount of their deposits. Addresses were delivered, urging the importance of unanimity on the part of the depositors in signing the agreement before next Monday, as the extention of the time for doing so granted by the Supreme Court at Schenectady expires on that day.

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BOTTOMLESS MONEY BOXES

LOST PLEIADS OF OUR SAVINGS BANK SYSTEMNEW MATTERS FOR THE ELLIS INVESTIGATING COMMITTEE-HOW TO PREVENT FRAUDS. It is claimed by many influential merchants and others who have been interviewed on the subject that the present investigation of the official course pursued by Superintendent Ellis will clearly show that his neglect of duty has caused much of the suffering resulting from recent failures of savings banks. It is also contended that, in addition to the banking institu. tions named in Governor Robinson's late message to the investigating committee, there are other corporations whose cases have not been cited. but which furnish new prima facie evidence against the Bank Superintendent. Among these may be cited the Loaners' Bank of New York. About November, 1875, the Bank Superintendent was asked for a report upon the condition of this establishment, but it appeared that, the bank never having been examined, Mr. Eltis could furnish no information about its status. At the same time a lawyer wrote to the Superintendent asking to have the Loaners' Bank examined, but no examination took place, and the institution failed in May, 1876. A gentleman acquainted with its affairs says:"Its operations were worse than those of a low class pawnshop." The community lost $500,000 by the failure, much 01 which, it is claimed, might have been saved had the Banking Department held the corporation to strict account when required to do so. ANOTHER STARTLING CASE. In relation to the New York State Loan and Trust Company responsible parties state that about March, 1875, Mr. Ell's was officially informed by Mr. George W. Reid, examiner, and Mr. William T. Aidrich and others, that the capital stock had suffered an impairment equal to at least twenty per cent. It was the Bank Superintendent's duty to have caused this deneit to be made good, or to have closed the doors of the company under instructions from the Attorney General. No steps were taken by Mr. Exis and the concern was allowed to remain in the hands of the same parties until January 29, 1876, when the impairment of the capital amounted 10 about ninety per cent, and the trustees voluntarily relinquished the remaining ten conts on the dollar to a receiver. The loss 10 the public was about nine hundred thousand dollars. The wretched condition of this company was known to all persons familiar with us general operations at the time. By the statute of 1874 the superintendence of trust companies chartered by the State was placed under the charge of Mr. Ellis, and the condition of this concern was or should have been well known to him. A FRIGHTFUL LIST OF LOSSES. In conversation with Mr. John Mack, of No. 365 Fifth avenue, that gentleman gave the following estimates of the losses suffered by depositors 10 the suspended savings banks, and says that he believes the greater part of the immense sums which are given below migot have been saved if Bank Superintendent Eths bad properly discharged his important duties:$150,000 Abingdon Square Bank 1,730,000 Bona Street Savings Bank 500,000 German Savings Bank, Morrisanta 2,000,000 Mechanics and Traders' Savings Bank 450,000 Mutual Benefit Savings Bank 750,000 New Amsterdam Savings Bank 200,000 People's Savings Bank 400,000 Security Savings Bank 1,440,000 Third Avenue Savings Bank. 120,000 Traders' Savings Bank 1,000,000 Bank of Lainsburg 1,000,000 New York State Loan and Trust Company Loaner's Rauk 500,000 500,000 Security Bank Manufacturers and Builders' Bank. 460,000 Total $11,200,000 HOW TO PREVENT FRAUDS

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MORRISANIA' BROKEN BANK

HOW THE GERMAN SAVINGS BANK WAS MISMANAGED-TRUSTER SECURING THEMSELVES BEFORE THE COLLAPSE-FACTS AND FIGURES FURNISHED BY THE RECEIVER. The official investigation of the books and accounts of the collapsed German Savings Bank of Morrisania by the receiver, Mr. William J. Best, and his assistants, has thus far revealed nothing that can afford consolation to its victimized depositors. On the contrary it has shown that the affairs of the institu. tion during its fitful and precarious existence were conducted in a decidedly loose and reprehensible manner. Among other things, it IS asserted that up to the afternoon of February 26, of this year (the day on which the bank, as such, closed its doors for ever), deposits were received without hesitation, while, as an offset to this, it is now pretty well established that some of those immediately connected with the bank, including one or more of the trustees, not only took time by the 1orelock by drawing out every dollar of their deposits just before the crash came, but also saw to it that their friends did likewise. PUBLIC INDIGNATION. As a suspicion of this state of affairs has been gradually growing in the minds of the Germans at Mor risiana the feeling of indignation against nearly all of the bank officers has intensified to such degree that one may hear them openly denounced on all sides by the exasperated depositors, The delusive prospects held out to the poor, struggling class of Germans, who were the principal patrons of the bank, while 16 was suffering from a mortal blow inflicted through a temporary run on its resources during the autumn of 1875, have produced in many instances distressing results. The mention ot one of these will suffice. A poor, old woman employed as jan:tress had deposited in the bank her little all, the savings of a life of toll. amounting to over $2,000. As no one had whispered to her in regard to the 1m pending crash she DOL only shared the same late as the of the deluded depositors, but also lost several months' rest wages which the bank was in arrears to her when u suspended. 16 is now intimated that this poor woman is unable to pay the taxes lailing due 'OD her humble abode. THE BANK'S CONDITION. When the bank closed the amount appearing due ou bond and mortgage was $129,450 On one mortgage, representing $1,500, no interest bad been paid since Junuary, 1876. On mortgages representing $56,550 no interest had been paid since July 1. 1876. These as will be seen, aggregated $58,050, or very sums, nearly one-bal of the entire investments of the bank in this line. From this cause there 18 likely to arise great loss. as 11 the parties owning the a had consider it worth the amount of the the mortgage property and interest they would not have run risk or possible foreclosure or those mortgages $30,000 and upward were made or assigned to the bank by trustees to make good a deficiency which existed record nearly LWO years ago and were not put on February of this year. One of the trustees who until and shortly before the suspension assigned is nortgage as his share of the deficiency last $2,500 year notified the officers of the bank that another be nad sold that same mortgage and reassigned 16 to liable person, he not considering himself in any way to trustee for the losses that occurred previous the as coming u into the bank. The town bends held by of and which the receiver considers good, are will bank, the par value of $24,250, and the market value beamount to $500 more. They have probably of the bonds of the town of Southfield, side Richmon-1 41,000 county. N. Y., wutch have no present value. They have been to litigation for a long market time past, the town authorius having refused 10 pay the principal or interest The case 15 now in Court either of Appeals, where it was carried on institution appeal by IN town authorities, another banking the the having suad and recovered judgment ou Jorthis city bauk also holds of New bonds. Midland The Railroad "consolidated bonds" $32,000, sey York and Oswego Midland Railroad requipof New bousts, $115,500-- all $147,500, which are market not ment in the market and have uo knowa would not quoted The whole lot 10-day, Mr. Best says, these value. The bank became possessed of realize $6,000. it is said, in 1873. when a lotu of $90,000 of it securities, made upon them as collateral, but no portion was been paid. Ai the time of 115 suspen. has ever bank owed for borrowed money $54,000, all gion the by the pledge of bonds and mortgages and has secured convertible securities. or this sum $30,000 of the been paid by collections. The bank assets building of already ou which It stands figured 10 the contiand last ground annual statement at $46,000, while 11 sale is now the asserted that If disposed of at a public at the utmost. dently the property would not bring more than $15,000 WHAT MR. BEST SAYS. In conversation with a HERALD representative would yes alternoon Mr. Best intimated that it not terday be for bim at this time so predict the amount He safe ultimately be paid to the depositors. and says, the will that should the Southfield bonds will however, turn oui reasonably well the depositors mortgages receive at least filty cents ou the dollar, probably Should it be Hound that the trustees adding, men of responsibility) are liable upon the (who are investments which have led to the failure worthless bank, of course then the dividends to amount deposiof the be increased in proportion to the tors would receiver might recover from the trustees. and which the is an exhibit of the real assets LIABILITIES. The liabilities following of the bank, as ascertained by the receiver:$230,000 due depositors about due 19,000 Amount Amount Germania Moran Bank. 5,000 Amount due D. A. - Wantal

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ANOTHER BANK CASHIER.

Hoeland of the German Savings Bank in Morrisania Admitted to Bail.

William Hoeland, the secretary and cashier of the German Savings Bank of Morrisania, was before Justice Wandell in the Jefferson Market Police Court yesterday. Mr. Wm. J. Best, the receiver of the bank, was the complainant. He deposed that on the 14th of January, 1871, William Holloway had $113.22 on deposit in the bank, and that on that day he drew out $109.95, leaving a balance of $3.27. Wm. Hoeland, the cashier of the bank, according to Mr. Best, made a false entry in the ledger showing that Mr. Holloway had on deposit $1,681.43. Mr. Hoeland, on the 7th of August, 1876, it is alleged, forged Mr. Holloway's signature to a draft for $238, and obtained the money. Mr. Hoeland likewise obtained $600 on the 8th of August, 1876: $600 on the Oth of August, 1876: and $246.70 on the 12th of August, 1876, the entire amount being $1,684.70. Mr. Adolph Leberecht, the bookkeeper of the bank, made an affidavit that he believed that Holloway's signature had been forged by Hoeland.

The prisoner was arrested by Officer Peter McSally, and he spent Friday night in a cell in the Police Central Office. Before Justice Wandell yesterday his father-in-law, Charles L. George, became his bondsman in $5,000.

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CHARGE AGAINST A CASHIER.

William Hocland, formerly Secretary and Cashier of the German Savings Bank of Morrisania, was brought before Judge Wandell, at Jefferson Market Police Court on Saturday, on a charge of forgery, made by William J. Best, the receiver of the bank. The charge is that one William Holloway had a deposit of $3.27 in the bank, when a false entry was made, showing an apparent deposit of $1,681.43; after that in forged drafts Hoeland drew out $1,684.70. The prisoner pleaded not guilty, waived an examination, and was admitted to bail in $5,000.

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- the senate this morning examined Marcus T. Hunt, Deputy Attorney-General, who said he put the word settled" on the register of the suit began against the People's Bank, testified to some days since: did so on the general understanding that the trustees would put up securities; did not remember being instructed by Eilis, Lemuel Clark. bookkeeper of the Loaners' Bank, and of the Receiver, was called. Witness said the bank had large transactions with the Continental Life Insurance Company, pledging $201,000 worth of railroad bonds and stocks for $45,000. On his ceross-examination he said he saw a man called an Examiner in the bank several times: never remember seeing him at the bank or hearing that he had been there for the purpose of testing his power over the bank. To Senator Woodlin-Understood the bank failed because of trouble among the trustees they proposed to seil the ch rter. To Senator Prince-They expected to receive $150,000 for the emarter on account of the extraordinary privilistment. leges it contained: it was a large pawnbroking estabThe prosecution produced the opinion of Wm. Tracy heretofore refered to. The witness identified it and read from it that Tracy did not consider the Loaners' Bank subject to Chapter 324 of the Laws of 1874. Mr. Warner, general clerk of the Bank Department, testifled that a commission was issued to Reid as Bank Examiner March 31, 1876. It was returned May 12 with a note that the bank refused to be examined The commission, which was missed from the since been produced To Mr. McGuire-The Senate Department, Committee has file before commas of the the sion 18 a printed form and can be duplicated. Deputy Superintendent Lamb produced the semiannual report of the German Savings Pank Morrisanta, dated January 1,1875, Blowing an excess at of assets amounting to $27,352 8. On April 24, 1875, Mr. Reid made a special examination and found a delleleney of $77,214.68 A difference in the estimated value of town bonds and railroad stockscause d this. December 25, 1875, Ellis informed the Trustees that On the deficiency must be made up. On January 1,1876, the bank reported an excess of $11,887. and on January 1. 1877, an excess of $12,091. A committee of trustees came up during the latter part of February, 1877, and held an interview with Ellis; don't KNOW what be said. A letter from Hall, attorney of the Bank, January 6. 1876, said they had put in bonds and mortgages and made the deficiency good. No other letters were on file, excepting one from Elits to the Attorney-General Febru ary 24, 1877, recommending that the bank be closed, and explaining that it had on hand a large amount of town bonds which had been repulliated and in default of interest for several years. The bank was pat in the hands of a Receiver in July, 1877. The depositors titioned against putting it into the bands of a Receiver peIn reply to Senator Gerard, witness said there was evidence in Department of examination except by Reid. no EPIs made no statement of his visit. In reply to Senator St. John, he said there was LO proof of the deficiency being made good except from reports of the Board. Isaac Smith, Clerk of the Department, testifi d to the examination of the report of January 1, 1877. He valued the bonds less than the trustees did, and thus made the deficiency. William J. Best, Receiver of the German Savings Bank, Morrisania, testified that the amount of assets he found was $171,022 21. He did not estimate $11,000 in wa bonds The trustees had in bonds and mortgages $33,500, and cash put $18,850 to make up the deficiency The bank made loan to the Montelair Railroad of New-Jersey in Septem- a ber, 1872, taking first mortgage bonds as security, and made further loans to the same road in February and September, 1873. Only $10,000 were ever paid on these bonds. He read from the Trustees' Book of minutes from December 29, 1875, noting the visit of Reid, and showing the anxiety of the Trustees to make up the deficiency. In their efforts to save the assets, several of the Trustees contributed to that end. February 20, 1877, counsel and one Trustee On were sent to Albany to consult Eilis. They reported that Ellis said the deficiency must be made said he would pay the depositors 50 per cent If the seen- up: rities of the Trustees were good, and if the town bonds were paid he would pay 60 or 70 per cent. On crossexamination, he said that he found all the assets ported Jan. 1. 1877. The deficiency was due to the dif- reforece in the valuation of bonds. He found there were $230,000 due to depositors. During the last two months $70,000 were drawn out by the Trustees and others. the request of Senator Harris, the Receiver read from At the minutes the cost of lunch $75, and wines $174 when the bank building was finished, which was added to the building accounts. Adjourned.

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SUITS AGAINST BANK TRUSTEES.

Three suits of William J. Best, receiver of the German Savings Bank, of Morrisania, against trustees, were tried yesterday before Judge Van Brunt, in Supreme Court, Chambers. All were foreclosure suits on mortgages given by the trustees in January, 1876, to make up deficiencies. The defence was substantially that these differed from the Third Avenue Savings Bank cases, in that the security then was given in 1872, and in 1875 the Legislature passed an act expressly for-bidding a trustee of a savings bank froin becoming an indorser or in duy manner an obligor for moneys loaned by or borrowed of the bank. Judge Van Brunt reserved his decision.

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THE COURTS.

CRUMBS OF COMFORT FOR DEPOSITORS. TWO SAVINGS BANK DECISIONS AGAINST TRUSTEES.

Judge Van Brunt has given two decisions, in suits brought by William J. Best, as receiver of the German Savings Bank of Morrisania, against the trustees. Both decisions are for the plaintiff. The first is in a group of suits brought against Nicholas Thiel, George Scheppel, Henry Schmidt and Franz Sigel, on mortgages given by them in December, 1875, to make up a deficiency.

The other case is as follows: John C. Freedman, a trustee, held a mortgage made by George F. Freedman for $10,000, and assigned it in 1875 to the bank. This assignment was not recorded until February 17, 1877. Judge Van Brunt finds that on that day, J. C. Freedman, G. F. Freedman, Robert Peters, and Peters's lawyer, one Erbe (Erbe knowing of the assignment), met, and J. C. Freedman executed a satisfaction piece of the mortgage, G. F. Freedman gave a new mortgage for $10,000, and Peters gave his check to J. C. Freedman. Judge Van Brunt thinks it unnecessary to inquire whether the transaction was fraudulent. It is enough that Peters was not a subsequent purchaser in good faith, his attorney knowing the bank's claim. He therefore gives judgment for the bank.

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, General News. The Union League of America meets in Pittsburg to-day. In the evening speeches will be made by Henry M. Hoyt, republican candidate for Governor, Galusha A. Grow, Gov. Hartranft, 3 Gen. McCartny and others, and the ocI casion is intended to be the opening of 3 the campaign in Western Pennsylvania. [It is said that the I ea que are divided on the greenback issue; and like the Republican National Committee have been disseminating the greenback documents.] It is said most of the Banks bought their bonds at 60 cents on the dollar in paper, and as compared to gold the New York Banks paid only about 35 to 40 cents for most of them. 3 Hon. J. R. Tarbox, of Massachusetts, who identified himself with the Butler movement, has withdrawn from his candidacy for the democratic nomination for Congress in his district. It is likely Tarbox has committed political harikari. The Spanish-American commission for the settlement of claims of Unsted States citizens growing out of the late rebellion in Cuba have SO far allowed claims for more than $1,000,000, which have been promptly paid by the Spanish government. The Conneticut republican convention meets at Hartford to-day. At a caucus last night all the delegates present strongly favored a hard-money platform, and such a platform will undoubtedly be adopted unanimously. A fight took place Saturday between Indians Dodge City, and troops Kansas, thirty-five and, at last miles accounts from several Indians had been killed but no troops hurt. The Indians are said to have many stolen sheep. The woman and child found murdered Sunday, near Indianopolis, prove to be the wife and child of Wm. Merrick, who S keeps a livery stable. Merrick was arS rested, but denies any knowledge of the crime. e The receiver of the German Savings S Bank of Morrisania,N. Y., has has begun d suits against the trustees of the bank for the recovery of $230,000. It is alleged that dividends were paid when the truse tees knew the bank was was insolvent. Dr. Basil Norris' U.S. A., the family & physician of Gen. Sherman, has been a summoned from Washington to Atlantic City, N. J., to attend Mrs. Sherman who it is seriously ill at that place. The second section of John Robinson's circus train on the Cairo and Vincennes e railroad was diteed near Mt. Carmel, 6, Ind., Sunday. Five cars demolished.d Four employes seriously hurt. The Victoria (British Columbia) Chinese strike has ended. The tax question, which caused the strike, will come up before the Supreme Court on a writ of replevin. P

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BANK TRUSTEES SUED.

Receiver Best Proposing to Recover Nearly Fifty thousand Dollars.

Mr. William J. Best, the receiver of the German Savings Bank of Morrisania, has instituted three suits against the trustees of that institution. The first is against Francis F. Brugmann. Philip Ebling. August Frentel, Henry Schmidt, Christian Friedman, Valentine Fries, A. G. Hupfel, Michael Kuntz, J. G. Denike, Franz Siegel, and Charles Fritz. The amount demanded is $47,422.99, that being the amount of dividends alleged to have been declared and paid at times when the bank was insolvent. These dividends were in amount and time of payment as follows:

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SCRUTINIZING RECEIVER BEST'S ACTS.

The Senate Committee on Insurance resumed its work of investigating alleged abuses in receivership managements yesterday, the case of the National Trust Company being taken up. The committee met at the office of Charles H. Russell, one of its members, at No. 52 William-st. There were present the chairman, Joan J. Kiernan, Mr. Russell and Joseph Koch. William J. Best, the receiver of the National Trust Company, and his clerk were the only witnesses examined. Little of importance was elicited from Mr. Best, who said that he was unable to remember important facts without refer-ence to his books and papers. These were with regard to the sums of money paid to lawyers by him, the receipts during his administration and the disposition of the assets of the company. Mr. Best was allowed time to ascertain these figures from the books of his office, and he promised to supply the committee with the fullest information.

Hiram B. Ingersoll was briefly examined first, and testified that he was a clerk employed by Mr. Best in the latter's receivership of the German Savings Bank of Morrisania and the Mechanics and Traders' Savings In-