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BROOKLYN SAVINGS BANKS
BROOKLYN SAVINGS BANK. The Brooklyn Savings Bank at Fulton and Concord streets is closed. The following notice is posted in front: In consequence of the suspension of Specie Payments by the Banks, the Trustees of the Brooklyn Savings Bank have concluded that their duty to their depositors demands that they should, for the present, discontinue receivingor paying deposits. In this emergency they cannot convert their securities into money without sacrificing the property held in trust by them for you. They assure the depositors that their money is in vested in Bonds and Mortgages, secured by Real Estate, worth double the amount of the Loans, and State Stocks, County and City Bonds of undoubted security, bearing interest. As soon as circumstances will perm the regular business of the institution will be resumed, of which due notice will be given." The surplus in this bank on the 1st of July amounted to $209,544.28 The President stated that at the present time the surplus is about the same, as it does not vary $10,000, either more or less, at any time. This bank is waiting to see what the other institutions will do. It will be open to-day for the purpose of giving information to such depositors as may visit the institution. CENTRAL BANK SAVINGS DEPARTMENT. This Central Savings fund has gone down with the Central Bank, of which it was an important limb. FARMERS' AND CITIZENS' BANK SAVINGS DEPARTMENT. The same as the Central. SOUTH BROOKLYN SAVINGS INSTITUTION. Tne South Brooklyn Savings Institution, at Atlantic and Clinton streets, is closed for the present. The following notice is posted on the door: In consequence of the suspension of specie psyments of the banks of the City of New York and Brooklyn, the Trustees of the South Brooklyn Savings Institution feel bound, in duty to the der ositors, for the present to discontinue the receiving and paying of depositors. In this emergency they cannot convert their securities into money without a sacrifice which they do not feel at libery to make, because their secutities consist of bonds and If ortgages on real estate in this city worth double the amount loaned, and of New York and Brooklyn City bonds, and Kings County bonds, bearing interest. No security is more un questionable, and therefore not a dollar has been sacrificed. As soon as circumstances permit, the regular business of the bank will be resumed. This institution publishes the following statement of its affairs: STATEMENT OF THE SOUTH BROOKLYN SAVINGS INSTITUTION, October 1, 1857. Bonds and mortgages on property in the City of Brooklyn, with double the amount loaned there$192,765.00 on, and interest accrued on the same Stocks of the Cities of New-York and Brooklyn and 131,600.00 Kings County, and interest 40,850.00 Loans on Stocks 23,000.00 Real estate 18,927 49 Cash on hand 407,142 Total $397,752.04 Liabilities THE WILLIAMSBURGH SAVINGS BANK. There has been an "almost constant run upon this Bank for two weeks past, and on Tuesday they paid out more specie than on any previous day, but notwithstanding this they opened the doors yesterday afternoon with a larger amount of specie in the vaults than on any previous day. At the meeting of the Directors on Tuesday night, the following resolution was passed: Resoived, That it is expedient and for the best interests of the depositors in this Bana to avail ourselves of the right secured to us by the by-laws of this Institution, to require one month's notice before payment on all drafts amounting to over fifty dollars. Before adjourning, the Directors learned of the action of the officers of the New-York Banks to suspend specie payment, and accordingly decided to pay depositors current bills, should they prefer them to waiting 30 days. At 3 o'clock, the hour of opening, there were about fifty persons in waiting, and up to 7 o'clock there was no press. A majority of the depositors received bills, while a few gave the required month's notice. THE WILLIAMSBURGH CITY BANK. The excitement in the vicinity of this bank, caused by the suspension of specie payments of the NewYork City banks, was almost entirely allayed. For a hile in the morning the business was interrupted in consequerce of the bills having been exhausted the evening previous. Mr. Field, the cashier, visited some twenty banks in New York, and, with one exception, was unable to procure any bills on the best security, the banks being all in the same condition. After the returns of the Clearing-House had been made business went on as usual. The amount of deposits was about equal to that withdrawn. Shortly after closing & large amount of bills was received for the operations of to day. Mr. Field states that this bank has never been on a firmer basis than at present, and there would not have been a suspension of specie payment but for the action of the New-York banks, as they have a plenty of specie in their vaults. The circulation of this bank, it is stated, amounts to $140,000. They are receiving on posit all the bills of New-York and Brooklyn Backs, except the East River, Bowery, Grocers, and Marine, and the Central of Brooklyn.
