The New York herald., 1871-11-21


Casn on deposit In bank or trust COM
Cash on hand not deposited IN bank. s7l5S So Sc
Total resources so4s,sll as
a4 LIABILITIES
Amount due deposItors. ............... Se4soi1 IS
inieress credited iss January, ''
1874. i...,................... $4,000 06
ssFAsr BIND FAST FiND pi - - " z
was the proverb rgidly observed yesterday at the
bowling Green Savings Bank-at least 30 rar as the
doors were concerned. Locks, bolts and bars shut
out an anxious assembage from the interior OF the
establishment. Considering that the metal was
sound and the b&tons OF few policemen presented
elongated bumps OF combatlveness, no attempt was
RACED and disappointed depositors were accordingly
restrained rom giving vent 10 their indignant re.
monstrances In The much.deslred practical and pny-
'sTHR BANK HAS FAILED,
Is unquestlonably terrible thunderbolt for the
STRUGGLING man who has deposited his hard-earned
all IN recreant institution. There Is really no
knowing to what extent this announcement may
VINO nave been submerged by the catastrophe. Ar.
guments tine most elaborate fan to convince them
that there has been lair dealing and that the esab-
llshment has broken down from natural causes.
Their little gatherings OF the year vanish In fell
so%G ana Certainly S nrd tht
" WHICH S1ao,n the sweat OF their brows has nowed
M nu fse croxs fGm m an early hour Yesterday morn
IN the vicinity OF the defunct bank, and, mutually
COZ GondSng WIN sach other earnestly lamented the
Bowling Green Bank. = -
But the assembloge was by no means confined to
some OF the lndustrlous representatives OF
THE WORKING GLASSES,
since many weIl-known merchants paiu visits to the
essaoshmsnt esnss n aSrne the day and bitterly COM
downright Injustice The pouring torrents Of
s 1 tne many being present
nned to those VINO had deposited comparatively
small sums and could not be easily put on with the
very good," SAID an honestlOtktng mechanic, .'but
I would Ike to see the end OF this thing"
Towards one O'Clock the following notice was
posted ut the main entrance Of the bank:-
KNAPP SPEAKs.
70 Tax DffosrTone OF THE BOWLING GREEN SAVINGS
AZ: been appointed supssm.
4 4. the s,rss DraecaSs
y sI% S4s's sos1. Now 20 iairAEAD is r KNAPP Receiver
That this notice was read with considerable
snac IS raise 20 aaa r the
sSs sysr assemsags %aqs lag the Wet and gloomy how
IN 70 aoq N ,ne San
the M Mdisappoi1ted m crowd quietly dispersed. Access
stand t1at nobody was allowed INSIDE. The re-
celver went to the establishment toward noon and
a. once entered upon his Official duties Meeting
J4 JUDGE HOGAN IN BROADWAY,
near the bank, HERALD representative lnterro-
gated him as TO the condition OF a1airs
savings Bank todayp
JuD6E-Yes, Ihave been three times at the bank
to-day, and spent few hours there.
REroRTER-Were there any other oficers at tie
JUDGE-No; I saw none nor heard OF any OF them
being there, although several inquiries were made
Tor Mr. smith ana Mr.. Roache.
REPoRTER-Wny do you think they keep awayS
JUDGE-Well, l don't know; but l think they
REPoRTER i understand You are an ofncer Of this
bank. In what capacity, Judgef
yuDGE-vice President.
RErORTER-Are you depository
JUDGE-I am and nave been since the bank started:
have had money IN Ii. 11
REroRrEa.In your position as vice-Presldent did
bankf
JUDGE-No, sir; nor was ever consulted about
REpoRTER-Were you not regularly notified Of the
meetings OF the officers OF the banKS
never been notified Of any meeting invited to attend
or been present at any meeting OF the officers.
REPoRTER-Who negotiated the loans made by
JuDGE-I only know from heresay, believe mr.
Smith. the President Mr.. Roache and Mr.. Selmes,
REroRTER.How. then, can ANYTHING be wrong
with the bankf
be wrong unless the money deposited should have
been actually stolen. There should be go0d and
made ana In case there be no sucn securities il is
very evident that there is something wrong.
REpoRTER-Whend did you first ascertain that the
JUDoE-On Saturday last at one O'Clock, when
went there to draw some money ana was Informed
that the bank had suspended payment.
RRPoR1ER-What did you then dor
JuDaE-I renamed at the bank till about three
O'Clock the purpose OF asceraining its condition.
but could get no information upon that subject.
REPoRTER-Wcre there many OF these poor people
depositors in TINS Dank2
juDGE-Yes great may; several hundred In
the lower part OF the city.
REpoRrER-May not the affairs Of the bank Jet
JUDGE-They may, but don't like the looks OF
things, from present appearances.
mornIng2
JuDoE-Mr. Selmcs the secretary, when nrsr got
there.
REPORrER-Who SINGER
JUDeE-shcppard Knapp Jr was subsequently
REPORTER-wb0 had the receiver appointed
JUDGE-I understand that the affidavit was
made by James Lee at the suggestion OF Mr. Selrnes,
REPoRTRR-Did you yourself suggest any course
when on saturday last you discovered the situation
juDoE-I did. 1t was this, that the of,cers should
meet, look over their suret es and other matters
aud ascertain the actual condition Of the bank.
REPoRTBR-What IS the char racter oil the gentle
man lMr. Knapp who mas been appointed as re-
JuDeE-ne stands very well in the community. /
have never heard word uttered against him.
REPoRrER-lf tho deposllors should lose their
what. them do you think would be dOneY
JUDGE thrmlyl-I think the poor people who lost
and punish those who have wronged Them. -
The Guardian ON Guard.
OF all the institutions nat have been affected By the
general crash zone have displayed such contempt
for ror popMi ~ has the Guardian Savings Bank, at
lo4 Chatnam street, OF which William M. Tweed IA
the ostensible president ex.Supervisor Roche the
actual president; ex-Alderman William L. Ely, now
Of tine Real Estate Trust Company. the ostensible
secretary; lngersoil, the bogus chairmaker, ana
owen Brennan directora These gentlemen seem 70
defy the people, the depositors and the Courts and
while jeremiah Qunan, OF 100 ana 1853 Water street
locks himself behind the bars, ana, with Doughty
secretary. laughs al the appeals Of the poor, some.
body yesterday Changing suddenly from the present
to the past tense went before Judge Barnard OF the
Supreme Court, and asked an order to vacate the
order appointing Q receiver. Judge Barnard
promptly complied with the request, on being as
sured Of tho early resumption OF business by the
bank. Ely, the secretary, some days ago.
protesting 70 be anxious to give the pub.
Tic all the Information IN his power,
stated c0nhdentally that he did not wish 10
be mixed up In the concern, yet after the reporter