New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1867-09-09

Large throngs assembled in front OF the bank sat
urday and many anxious looks were cast upon the closed
amounted TO panic An impression prevailed 70 some
extent that personal misunderstanding bad existed ne
tween the Examiner and the President and that IL was
possible that the difficulty might be settled and That the
bank might business. upon an explanation 10 the
Treasury Department. It also confidently asserted
that no depOstor would suffer loss, the bank was
bundanty able TO meet all liabilities that the Directors
had not been aware OF any trouble until within few
days Of the suspension and that the President was con-
fdeu OF his ability 20 successfully contest tho action OF
stockholders would be the principal not the only suf
fercrs by the failure of the bank.
How far these impressions went 70 aay the uneasiness
OF the depOsOrs 10 would be difficult % determine The
chief trouble occasoned by the suspension was among
the depostor the majority of whom manufacturers
and small trades people Of the Eastern District and The
felt by these persons upon tho refusal Of
the bank officers cash their Saturday checks in
many instances annoying IL Is said That Mr. Henry
steers the GreenpOnt shipbuilder, depOsltOr in the
bank TO the amount of about $4,000 The Farmers and
Citizens Bank IS the which, the Jtn of January,
1896. lost $4,000 by its messenger Mr.. Terry being
Knocked down and robbed at the intersection OF Beck
man and Wliau,sts Newly Ork at O'clock III the morn
ing while his way to "a bank with exchanges This
large amount was never recovered nor were the robbers
| ever arrested.
The Dime Savings Bank the German Savings Bank,
and the Wilamsburgh City Savings Bank said to
have been depostOrs in the Farmers and Citizens
large amount The Milliamsburgh Savings Bank is said
to be interested in the OF $4,000. and the German
about 100000; while the miscellaneous deposits est-
mated at about SO0OOO0 OF when the facts
specting the Savings Bank became known. the excite
prOpOrtOnatey increased in extent ana power and
the Savings Banks were also visited by ANXIOUS and in
quiring mutudes OF small depOsitOTs, and at time
panic apprehended bat nothing the kind occurred
These are the facts concerning the suspension of the
Farmers and Citizens National Bank Of WlamsbuTgh,
far they be reached at present. Numbers Of
rumOrs aOa but with what foundation cannot now
be determined.
The Merchants and Traders Bank Of Greenpoint a
branch OF the National Bank but conducted for past
nne months under the general banking laws OF the State
State Bank, OF which Mr. Beach also President,
likewise suspended payment upon receiving ntelg
OF the failure Of the parent Institution, where all the
funds OF the GreenpOint establishment said have
been deposited. The officers OF this Bank are o. M.
Beach, President; F. A. ThurstOn Cashier directors
John Hicks, David Sturteysnt Ssyester Tute George
Rcard, Watson Sanford Howell Smith David Williams.
5 Woollsey and M Beard OF course, the suspension
OF this created corresponding and alarm
among the GreenpOnt dep0sit0Ts. Y
II was reported in commercial circles on Friday that
the First National Bank of Kingston, n. Y, had lost
about 100000 through the indscreOn defacaon OF
its President About 1000 of the banks paper
sequenty thrown out The facts now said TO be that
Mr. HasbrOuck the President OF the bank indebted
20 the institution to the amount OF s9l 900 or $4,000 Mr.
Hasbrouck has placed all his property n the hands or the
directors OF the bank He had always borne good char
acer and his friends cannot learn that he has lost any
money by speculation The officers OF the institution
have promptly made arrangements TO redeem their out
standing paper and all Of their notes held against the
bank IN this city have been redeemed. The bank is
solvent but the stock will probably be slightly affected
by the defalcatiOn.