The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1871-10-10
Rum on the Institution Yes
terilay.
All Depositors Paid Who
Appeared.
Sentiment OF the Cr0wd-SconoA
and Incidents.
EVERY PERSON TO BE PAID FULL1
NO GOOD GROUND FOR A PANIC.

NO GOOD GROUND FOR A PANIC.
The run upon the Third Avenue Savings Bank
that commenced yesterday comes at an unfortu-
nate time, when the working classes are excited
over the municipal frauds that materially anlecs
them. there be one thing more than another,
calculated to excite laboring men 1t " that which
touches their pockets. Hence It u not 70 b
wondered at that when the bank, which y situated
on the corner OF Twentysixth street and Third ave
nue.. opened yesterday morning u was
BEsIE0KD By An nxHNgu THRoNa
OF depositors anxious to withdraw their depoa1I
BY noon the crowd had swollen TO several hum
dred men, women and children, who climbed upon
the window stills, Owed into hidden places, jostled
the ocers Of the police force in yam endsavors "a
get an advanced position in the line lest the funds
would give out before the hour for closing the
bank arrived. A reporter Of the HERALD was pres-j
ent between twelve and one O'CLOCK. and remained
all the afternoon. At ten minutes before O'Clock
about four hundred persons were ciamortng for Cd
mission, but there were no oflcers without the
building except Captain Cameron ana Of
Ger Mahoney, who did all IN their
power to quiet the crowd, most OF
whom, Judging from their appearance, were poor
had deposited In the institution. moment later
Captain Cameron left. when shrewd fellow. who
was evidently intent upon sympathetic dodge
HoBBLED UP ON CRUrCH1s
and cried, "Aahoney. let me in; Pm cripple.T
The sympathies OF the depositors were aroused and
they made way for the cripple, who got tn bus AFTER
passing the door he no longer had occasion 70 uso
his crutches. @ss
While watching the mixed thron9 the reporter
kept his ears open, and occasionally asked guess
ons far he could Judge Of the sentiments Of the
motley crowd.
THEY WERE ALL ALARMED.
but as after another emerged from the Twentys
sixth street door with their money more confidence
in the bank was caused, and the masses became
more calm. All, however, denounced tho bank
oflcias az swindlers
BY TWO O'Clock the excitement had reached such
pitch that Captain Cameron was forced 70 place
Sergeant Randall, RoundsmAn Swift and three or
four Officers AZ the door 70 keep back the surging
throng that
THREArEssD TO CARRY IN rHH DOORS,
glass and all, ana get satisfaction. Tho catmante
were largely composed OF women, whose bony
fingers and poverty marked faces clearly !
showed that their little all was deposited w1thtn
the stately edince now guarded ~ the police Within
lining the counters ana uneasiiy waiting their
turn. Three men only were employed IN the pay
% e S ous the 70
due the banks creditors. IL was noticed that pre-
ference was given
and officers, who, through their innuence, were eds
vanced In the line, and In some instances they
favored beyond the poor creatures who had stood
hours in line for their turns. This caused great
commented upon By the ANXIOUS watchers. osHsrs
despairing Of getting paid, went TO the police ON
OFFERED rHRx PERCENTAGE
TO collect the amounts due them. out whether any
Gained In the presence 81 the reporer one ~ 81 80
depositors made such oner.
Among those most clamorous for admission was,
BROTHER OF PROMINENT JUDGE,
II ne ssS ses aoG5 e aeP
had agreed TO honor hts friends demand by draft
on the Bulls Head Bank. Several Others declared
banks. The Company, however had taken every
precaunon TO inspire confidence IN their solveDcy,
and had displayed prominently some
FOUR OR FIVE PILES OF BILLS,
about Q foot high the upper ones showing $685.
ing the PILE, left his place In the line, and walked
OF without his money, remarklng:-
monsh f'~ calls anudder dime n fse not ram
fool TO- SHAY here, by God. l goes to mine pier
Another depositor remarKed:-''Tnat may not all
be money nv friend" The German GOT an idea,
ana again wheeled into line further down, mutter.
.BY TAM I sTHAYs RIGHT HERE
und sees der work through
At half-past two the bank officials, believing there
were as many within the doors as could be paid be-
fore three O'Clock so informed Captain Cameron,
VINO gave orders for clearing the crowd away. Ser
geanI Randall and Roundsman $ Wit made the effort,
but they were met by earnest circumstances from
them the lobe to be aowed to remain Finally - Hr Lynn,
the President, came out, assured them that
EVERY ONE WOULD SECURE EVERY
cent due him or her. and the deposltors were less
clamorous. AT TINS Juncture Sergeant Randall Or.
dered his command TO drive the crowd away bv
ND q ppnrf w u m Ia nrsnn
aHosTLY LOOKING woMAN,
the steps. crying bitterly onicer Cotser
her and brutally pushed ner out across
The sidewalk, much to the disgust Of every who
l.27o. Finally ne became ashamed or his.iIL treat
ment OF the sem-clad woman and vallanty charged
Tns Wno excec
much commiserati0n returned to her former station,
md not an officer was cruel enough to dislodse her:
Alter the afternoon business had been completed
he reporter entered the once ana had an interview
With several OF the trustees who expressed their
,very deDosor President Lyon dec s sSss
was not aware OF any favoritsm having been shown
n the payment OF depostors, or that any Of them
nad been paid by checks on otner banks. He 3D.
NO INTEREST WAS PAID
he deposltors, as the rules Of the company DO NOE
require IT. and referred 70 the following secticns:-
been deposited for three months next nrsesdiss
day Of January and July, and shall BE- paysbs
the third Monday OF those months
drawn wt Be added 70 the principal q the dspo
L. No interest win Be paid fractional para OF dollar,
% o IL p.c q
at dividend. Wv Nl
the police arrangements yesterday were, % say
he least, very bad. With the exception OF few
minutes, there were not more tnan two Or tnree
or Ten M M Nos
,ould be seen any where, and the consequences was
has
auu prrw Il
n several instances robbed the poor people OF al
hey obtained from the teller. one woman loss eloQ
another $500, and, II their statements can be be-
ieved, others lost minor sums OF money, and many
their bank books.