The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1867-09-09

q run on these institutions would follow, as
many of the depositors would become alarmed
for the security of their hard-earned savings,
and would therefore shower In notices OF Win
drawal TO their banks. The excitement did not,
however up to late hour assume any suSa t,a
appearance, although the people exhibited the
same uneasiness about their savings, and made
their mplants and misglvings TO one anothet.
Many OF those persons were eviueney arnysS a. their
money by the toughest OF labor, or the most
assiduous and persevering attention to ouslness'
Their anguish at the dreaded loss OF lies say;
inps was pitia BILE, and many incidents occurred
in the vicinity of the bank that drew forth the
most undis sguised sympathy from persons nav
ing no material interest in the INSTITUTION, nut
who felt sincerely for the trials and hardships
falling on the poor people,
Persons not depostors with the latter feared
that some other banks holding dealings with il
would become nsolvent, and that the funds de-
posted by them would be lost. The Germania
and Dime Savings Banks of the Western Dis
trict we're depositors TO a considerable amount
the latter to the tune of $4,000.
Suspension of the Traders Bank OF
The Merchants and Traders Bank of Green
point suspended payment Immediately on receipt
of the intelligence OF the state OF affairs in
Williamsburg, AS all their deposits we're made
with the Farmers' and Citizens Bank of the
latter place. This was very unexpected by its
patrons, and created almost greater excitement
in Greenpoint than that occasioned by the other
in Williamsburg. The depOsitors had the utmost
tOhhuOuCS III luS luSIltullOu, WHICH WAS eSliO-
hshed originally as a branch of the Farmers
and Citizens Bank, but was subsequently -
about nine months ago-organiZed under the
General Banking laws of the State as q state
bank. It's opening took place with great ecot
aud the promises made by the directors were
encouraging to the prospects of the many ex-
tenslve interests of GrseupoiRt. The capital
was said o have been 100000, and it was,
strange to say, the only banking institution in
the Sec ond Congressional district.
The moment 1T became known that the bank
mad stopped payment, many were inclined TO
believe it but an idle rumor; but on visiting the
office, at the corner of Greenpoint avenue and
Franklin street, ana having ocular proof of the
truth of the statement, disappointment and
veXation were manifest in the faces of all, and
loud were the murmurs and bitter the COM
plants against the directory of the bank; and
incidents such as those occurring in Williams
burg at the same moment were here repeated
WITH If possible, greater force, as the depositors
belonged to the hum bier c ass of the population,
and were unused to such fashionable occur.
rences as the smash-up of banks. Should the
Merchants and Traders Bank be unable to soon
resume payment, the distress and suffering
caused the poor people will be very hard. They
are at present in a state OF the most blissful
them at present is that the doors were shut
against them from an early hour yesterday
morning, and no further explanations afforded
! them.
The officers of this bank are:-O. NJ. Beach,
! President; h. a. Thurston, Cashier; Directors
! John j. Hicks, David Sturtevant, Sylvester
| Tuttle, George Rcard. Watson Sanford Howell
Smith, David Williams, S. W. Woolsey, and S.
| M. Beard.