The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-09-08

he had creditor starvation and lniss for himself and
| little ones for the coming wesk.
Many OF the st0reksspsrs, especially in Grand street.
we're also much embarrassed, and we're unable meet
their regular weekly snsasemsnu, and business in
moment Of the Of the suspension Of the
| dark. Some persons more frightened than others
eoots me hour ,ne checks
informed each that his instructions 20 admit no
one These orders were strictly obeyed and many who
feared their worldly al irretrevabiy waited
long and patiently for explanation from the officials
OF the bank but they did not condescsnd vouchsas
any, and the darby with most monotonous and husky
-H'.a continued his sereosyPed answer, and with
gravity and wisdom repeated, Mot cent here-you get
stamps today Several ladies' tried the gallsnsry
Of The coored porter but TO no avail There was mo
admission, sure Where Is the president or the
directors s asked one They are NOT here where
now; but guess You better not speak TO him If you
don't want snub. He feels bad" Some inquired il
ceved information, there being nobody present
give II. For this course OF conduct the Chief officials
much blamed, and their silence gave more
serious msgivngs. and little rings formed in the
neighborhood Of the Office where various opinions were
expressed and exchanged on the subject. Many were
impressed with the idea that the deposors should have
been made Of the state OF affairs and OF the warn
ing given the directors by the government some time
ago. II this had been done there would have
much excitement among the people az was TO be seen
yesterday in the Eastern District
Laler In the day this excitement and uncertainty in
creased said il feared the failure OF the
bank was1navoidabe, aud that the Germania and the
Dime Savings Banks would immediately follow they
had deposited large sums with the Farmers Citizens
Bank; and at one time this opinion gained such
ground as to lead to the expectation that run
these institutions would follow many the depos-
itors would become alarmed for the security of their
hard earned savings, and would therefore shower
notices OF withdrawal to their banks The excitement
did not however, up 10 a late hour assume any such
appearance, although the people still exhibited
uneaslness abont their savings, and made their COM
plants and msgvinEs to another. Many OF those
persons were evidently OF the hard working class and
must have earned their by the toughest OF labor
or the most assduous and perseverng attention TO bus
ness Their anguish at the dreaded loss OF a LIES saw
ings was pitaole and many Incidents occurred In the
vicinity OF toe bank that drew forth the most undis
guised sympathy from persons having material in
terest In the institution but who felt sincerely for the
trials and hsrdshps falling on the poor people from the
misguided system which at present controls the national
banks Of the country.
One poor man asked at the bank door for admttance
and on receiving refusal inquired with tears stream
ing down his honest face was 1t fact that his few
hundred dollars, the savings OF fes hard toll,
now lost from him and his family forever; bnt mono
could afford an explanation Those who could we're
present. and the crowd around ignorant and
miserable as he himself An Old lady explained her
tale to the surrounding sympahizen. She had been
left "litte rife," she said herself, by her late
husband. an officer, who was Killed in the war; She
feared It was lost and could confirm her fears
relieve her mind on the subject The etf4c: the
future welfare of her little daughter caused this old
lady more uneasiness than any suterings she anti
cipated for herself One poor fellow deposited 5000
the day before, and the clerk omitted sign its
cept in his book. He in great uneasiness and dis.
BY him after many misfortunes and trials
IN trade trade tailor EMPLOYING large number OF men
tain money sufficient to supply their temporary wants
for few days. While these people making known
their msfortunes to each Other another who had
heard of the suspension OF the bank, dcwn
post 1000. but he was luckily in time escape and
save this amount as $14 900 Of his funds already
deposited In the keeping Of the bank His joy at the
escape was only exceeded bv his anxiety about the
partnership in some light business had deposited their
whole capital the day BEFORE and showed their anguish
downfall or their hopes for the future.
Up to late In the evening he groups still continued to
gather 10 the neghborhood, and victims like those
already mentioned were to be met with at
Many amusing incidents occurred during the day and
SEVERAL evidently unacquanted with the currency, went
to the bank to have their notes exchanged for green
backs and others to discover which bank had sue
cumbed. heavy, stout Dutchman. with handbook 10
his hand was engaged In examining 1t for over half an
hour In order to discover the OF the institution
with which his funds deposited and his joy at ind
ing his monev not yet lost was truly laughable, and
happy Teuton leaving his less fortunate friends the
sad company Of the outside Of the Farmers and Citizens
Bank.
Persons not depostors with the latter feared
other banks holding dealings with 1t would become
BE- lost. The Germana and Dime Savings Banks of the
Western District we're depostors to a considerable
amount-the latter to the tune OF $4,000.
Alleged Statement or tho President OF the
Bank.
[From the Brooklyn Press, Sept IL
We regret Announce the close of the Farmers and
Citizens Bank Of this city, and the placement OF its
affairs In the hands NJ receiver accordance with the
snare,
majority Of citizens regret that trouble OF SO
grave nature should to organization of such
reason 70 believe the annoyance might have been
averted had fArer treatment been extended or more
generous counsel prevailed.
In common with hundreds OF perfectly soven. banks
this has at times been moro or less in the interest OF
lts customers short OF the legal per cenum of United
States currency and, in common with such banks, It
was fair 10 suppose that the accommodation of time
would be furnished It, whenever the Examiner. In be-
halt OF Treasury should see t TO call for an expos-
Caen-
der VIII not deny that thirty sixty, ninety, and even
one hundred and twenty days, have been granted to
necessary funds. And II this Is granted-and il not
granted, it can DO proved-it becomes pertinent to
qnire why Mr. Calender should have been 80 hasty
bis action; why ne should have avsed b mself so
quickly Of the opportunity TO complain Of and secure
the close OF this particular bank.
It will not be pretended that Its officers and directors
are not sound, reliable men. better list Of
reluctantly forced TO The belief tina, there foundation for
the report That personal i-wiI between Calender
and the president Is at the bottom Of the whole affair
1t Is unfortunate that Mr. Beach did earlier inform
his directors aud stocknold Of the notice that Mr. CAL
lender served upon him. had he done there not the
slightest doubt that the bank would have the Ex-
aninsr with full Golfers and at tnis moment would be
on the full tide OF its success al career.
.. VI one thing me community may Dc convinced-.hs
depositors ana bhocers are cure beyond the posi-
billy OF Oss the only unfor feature being the 10
ferentia odium unnecessarily cast honorsd In
stituton OF our cry and the Inconvenience 10
qusnce entalef upon large body Of citiZeas who
transacted their business through its sxpsrsaced chan
neis.
Suspens,' i- Tradcrs' Bank Of Green.
paint.
The Msrcoa';.' aud Traders Bank Of Gresnpoint
suspended Pas neat Immediately on receipt Of
the Intelligence Of the state Of affairs In Will
hamburg, as oil their deposits were made with
the Farmers and Citizens Bank Of the latter
place This was very unexpected BY ns patrons and
created almost greater excitement In Greenpont than
that occasioned BY the other In williamsburg The de-
positors had the utmost confidence In the institution
which was established originally - . branch Of the
Farmers and Citizens Bank, but was subsequently
about nine months ago-organized under the General
Banking laws Of the State . State bank. Is opening
took place with great dat and the promises made by
the directors were encouraging the prospects OF the
many extensive interests Of Gresnpoint The capital vas
said to have been 100000 and was strange 10 say,
the only banking institution In the Second Congressional
district.