The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-10-15

AZ general ruie .t not expedent 70 grant p,rnc
! ton ssasnst absnk without previoss notice.
Vas aao resolved hat Justice Hschsn be requested 70
furnhh COPY OF these opinions TO ii Of tho Justices Of
The Supreme Court in the shsr dssicts, with request
that thes respectively Communicate 10 him their views
| the Same points.
| APPLICATION FOA lBCIIvKn pnyuD.
subsequent 10 she scten taken by shs judges above
set forth, IN application made before Judge Roose
velt On behalf Of John Livingston, for ordsr against
the Bank Of New York, 70 show cause Why more
receivers should n be appointed 10, ths. institution
Tho Judge denied the motion, but look he papers fps
| the purpose Of examining them.
N. uviDutop = holder Of two 500 bank bills Of hs
Bank Of New York
THE SAVINGS INSTITUTIONS.
Run ON fHE srAhRN'y AND BLAECKBR srRHEr-rHE
NODE oPPAYNa TUB DHPosIrORs-TM BOwERY
MEETING OF rHE OFFIoBRs OF ALL THE SAVINGS
nAsKs-rLAs OF ACTION AGREED oR-THs PANIC
N 1887, ETC, ErC.
Yesterday these increased run some o. the
savings banks owing 70 the panc created The minds of
the people through the failure OF many Wall street
banks, - announced In yesterdays HAID Atoshe-sth the
run mot 70 raesdAy and persons
redepcsng their money o. the entire sovency or these
institutions there ia Dot the slightest doubt: but Of
| hey csrnO: achieve impOArbiltes, snd the Uul,
| tod States government refuse TO redeem their
out whs. they oanuo. get 81 Every kno NJ that
the beat Gecnry In tie Is United sses governmsat
stock and Of this stock the ravnSa banks hold many mil
hons good It's rSos gold whsn the Secretary OF
the Treasury pyersyed 70 rsiscm H. Tae rings lnk
inst IN ons Ia the c.y cave ever thirty Millions depo
si., and fy alrJ cfc llions In gooi unIspreciAhle
SETS Besides goveyuent stocks, AssetS couss Of
City and State s'ocxs sad mortgages property worth
wloe The amour. loaned, ts in any csso, no msstsr
wha. usy happen, vbo1oer they csa cAnno.pxy gold
at present. ultimately their depoilo's viii get every dol
| lar with !n.ero.
Indeed, great benefit :or the depcsor themselves
that their panic mania, so silly and uncaled for, ia
eracted by he oircum anccs Of The times and the deci
SION arrived n by tie Eustees Of the savings banks pay
out per centage Of the lodged. This Arrangement
will resrt In great good to their deposors besda
ring the safety Of their depos liable be lost squasder
ed stolen drawn out, will for them interest
amoons undrawn. The bes. thing those dsposit,rs
who have, under temporary excitement wthdra their
money from shsss inssitusous could do, would be
redepcst the same In city savings banks. The Ks
Rl-D advises ths course, because 10 impossible, unde'
phase Of circumstances, thas single dollar lodged
In these ussuions, be los and dspoes far
secure In these banks than In pocket runksor safe.
AT general Thing the savings banks, according to the
ieaout,on eaewhere pub shed will fAn back upon theIr
BY laws and require Of claimants specified notice Of three
days, week, q month, or whaiever the conditions do
and, previous 10 paying out. mis- may bs relaxed In
certain cases, for lnsasce The Bowery Savings Bank
very creesoy, paying ~ depoEOrs es per cent Of the
deposits without any rctcs and viii, have doubt,
continue do So during This extraordinary financial
| crish
IN order tn have sred action In tkeae matters he
officers Of al the savings banks In this city Brooklyn and
wnfs nsburg, met yeserdsy asruocu, and drew Up The
| folio sing for publnHon-
Ata meeting Of omcers Of SAVINGS pauks ne,c hss day
Il the banking o. The Ssamene bank for 6avnsx In
Wall srees-reseni Representative o. he following 10
| stitutons;-
Bank for savings, Esseoker ssrees.
/ East River Avsgs Inritutor.
Bo~wy Savings rnstitaiios-
kerohans' uerks' savings .astsupox.
| irving Savings lpsuton.
| Erzersnts' IN 'useial Savings IrstratM.
south Broouiyn Savings Insr,ui,or.
| BrookHn Savings ILstiutor.
| kapha:sAn Savings lnaGlutioc.
Mariners savings lnstsrlior.
Nechancs' ara Traders ssv!nes lnft,aocr.
Dry Doek Savings Instsotor-
Broadway Savings Insuiut,n.
| Gree.w,ch Savings insstutor.
sesm.nh sAvings lnssisu.or.
Williamsburg SSv.r a. Iprnsct.or.
M JoHs ekHs-. or The HAnk FOR savings, vas called
70 inc tbaIr srd Mr. Pai 1 the SesnerS Bank for sav
| 'pss, requested 10 act - Secretary.
After discussion lhe .oc ~ng resolutions ware passed
/ rrst-rne banks Of discount and deposit in cur city
are nsee.sasy oompsel 70 pay he dsp,si.ors only IN
,he bark noes OF these psttrtons vhic they paid spe
&c the savings esns' paid gold 70 their sspo..or, and
| .hlch scared oy Hocu with the Comptroller Of the
aecoud-vna. tue banks .or savings be recommended to
adhere 10 he ruea Of pay eut according 10 their by
but ,hs. essb Institution be recommended 70 pay sush
amounts ~ shall be deemed sucen 70 meet the ueceui
| rcs or deposipn
Inc meeting .hen adjourned.
Z. PLArr, ssefs:ry.
EuH ON YHK sKAKHs's sAvRo BAyI.
/ nsre vns very heavy On his bank al day ys
rday by hundreds or me povsng clssas male and fs
male. A squad OF policemen we're detailed duty 70
Keep order and powrhsAnsIpg ths nrss crowd ouulde
spokes TO- sooshed and reasoned ws, Me people held
on during heavy drirzrng rain. W tske cer turn 40
oosalps Of shsm reporter ssscd n "Are you
AFRAID you won't yorr ucuey' D1t you think safer
there Than anywhere ese "Bus, cir" replied tse man
we're always told that BY every bank, Until breaks
and waas the money for my family. for have been dis
charged from employment" rslipg ohers u the crowd
that the bank had gold lhan voud pay their depos
oYs our reporter "wen nen air. why don.
they pay as Instead OF notes. they're about dolnsf'
The sssep cf his bank socordpg o ber ss published
statement lhe Id OF ocsobsr, were 1,3t9,1s9 90;
| and neE deposits a7e8s7i 90, suoving .
surplus Of ssci, ,Ses 81 Dspayet In The windows were
ssss Of sssce labelled ~ g. y but they DID MOI alay
the excHencn NE crowd being determined Va try and
get hsr money. Omceu nAuoued on each side or
The door prsven. rush, and that each went In In
he turn Twenty persons were admitted q 10 time, and
up ccloca every demand had been promptly paid.
me csshier, Mr.. Psa, standing The bank steps,
and I'D hing notable bu 70 heap ssuse and in,uu upn
ue~spspss and their reporters, Who asked him In re
spccsful for information. Some OF the direcso
vho wGe outside hal the continued they would
probably be compelled 70 demand weeks grace from do
| posiiors, TO b. sole ,o NEE, The demand
RLKEcKKR sTEKsr SAVINGS BANK.
In the morning bu, Eae ,xcssemsnt, but
he hour for paying on! money approached ,he crowd
rrs~ srssr and larger, and st -four O'Clock here
abou, 900 persons and cutside bAns. We tried o