The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-02-10

C801Qk EGtUkIs oCVckAl InIuIoo, UJtu ~ klvoIVUu
and London, arc reported, with heavy liabilities.
The political intelligence II Of an interesting caarsc.
ter. Az 70 anticipated, peace il - far distant -
ever, and affairs on the Continent appear to DO got
ting into a knarl not easily unfavelled. The plot IL
evidently thickenipg, and the probability IL that
the whole ofEarops will, In less than twelve months,
be involved in one general war.
The Stuyyesant Insurance Company have declared
. aemi. dividend Of four per cent; the Brooklyn Fire
Insurance Company ak per cent.
The Erie and Northeast Railroad Company have
deemed It iaex pedient to declare its usual sem. annu-
a dividend, cwiag to the increased sx expenditures on
the road, occasioaed by the troubles ct Erie, Penn,
LAT winter.
The rsmova, Of D. B. Ct. John, tbs Bank Super
intendent, 10 forced upon the Governor by the pow
erful voice Of public opiuion. The events which
have occurred in this State during the past year,
growing out Of gross neglect Of duty on the part o.
the Superintendent, Arc alone sufficient 70 justify his
removal; but there are acts of commission. as well
as o.. omission, enough to sink him into the ,vesi
depths Of official degradation. There have been
within the past twelve months mora swind,ing
banks organized and operated in this city and State
than We have ever know before Ia the SANE length
Of time, every one Of which has run is rase, and
exploded, without any Interference on the part of
the Superintendent, 81. ] ,hn. He has not in the
frat instance exercised his overs Of supervision,
and the first he has heard Of any bank failure has
been through the press Of this city. He hasnot even
taken notice ofthe notes Of alarm sounded st different
times, and stepped forward to protect the community
against the swindlen who were 80 feares,ly prsyiug
upon them. II appears to be his policy to let the
banks have their own way, and no is therefore
popular among them. This accounts for the anxiety
en- tho part Of the banks to have him rs-appointed.
We understand that the banks are unanim Gus In his
ftvor, and that the Governor has been foodsd with
letters from bank presidents and cashiers against
Mr.. 81. Johns removal. This fact alone should have
great weight with the Governor In his decision. The
SUP erintendent Of The Banking Department Of this
State should hold . conservative position be. vesn
the people and the banking interest. 1t is his du,y
to administer the affairs Of his Office mora for the
pro.e ction Of the public than for the accommodation
and benefit Of individuals or incorporated banks
and we want fuch Q man. Mr.. st John has been in
tfice four years, and IL Ia time 30 change was
made, II fer no other purpose than to bring about Q
thorough Investigation and cleansing Of the depart.
msnt. Neatly thirty millions Of dollars in public
stocks are intrust<d to the hands Of one man, with
cut &c. uri.y. All these stocks STAN In his name, or
are Iayable TO the bearer, makiug them easily nego
tiab,e. The trust is too great, and such checks -
the law provides should be exercised. The most
fsc.ive Ia rotation In office, and q thorough ex.
animation BY each new incumbent Of the acts OF
lis predecessor.
The annexed statement exhibits the assets Of The
Knickerbocker Savings Institution, which came
into the possession Of the United States Trust Com.
pspy, 81 receiver. The loss TO depositors is likely 10
be large. 1t will be seen that . dedcisn,y Of So. 900
exists, in the event of the full value Of the assets
beir realized. The loans to individuals secured
BY stock colIaterals, will turn out bad. The receiver
ray here will be Q large loss on that item. OK the
deposits in The Knickerbocker B,Ik, probably three.
ioutths. at least, will be lost. Nearly one half Of The
amount ia disputed. It is our impressi IN thu oftne
s452.649 90 Of assets, not more than $500 900 will
ultimately BE- realizsd. This will give the depositors
about sixty five per cent Of their clsims:-
KxIcKERBocKER SAVINGS BASK-PAR VALUE OF ASSETS.
Sash.'. t3,l32 ~
loans secured BY mortgage Of real estate. =. 81, TT 90
There loans are believed, gem rally, TO DO good,
and II 10 supposed there will be little or no
loss on them
loans TO individuals, with stocks as collateral 90, 7J2 SO
For which tie following securities are held, TO
witt