The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1871-11-18
ANOTHER RUHoRED COLLAPSE.
Reported Failure of the Guardian
Savings Bank.
A Check for $4,000. Presented Yesterday, Re-
fused Payment-Ths Bank In the Hands
Of the Public Administrator
Statement To Be Made To-Day

At a late hour last evening It was rumorcd abroad
that the Guardian savings BANK, Of which Boss
Tweed IS President, had failed in very heavy sun
and been turned over to receiver. A reporter was
Immediately despatched TO see Mr. Ely, the Secre'
tary OF the company; but on proceeding to his rest
dcnce found that Ne was out OF town and not ex
pected to return home until this afternoon.
BAFFLED
In finding Mr.. Ely, the reporter left his residence
and went in search OF clerk whose name had been
furnished, but who when found progressed entire
ignorance OF the rumored failure. From
thence ne came on to Chatham street, where
the bank is located, ana discovered the officials Of
the bank busily engaged in 0verhauling AFFAIRS and
the grating to clerk 1t was handed to one OF the
Financial Committee and general
AIR OF CONSERVATION
was plainly visible, It being evident that tine gentle
men who we're present had Idea that their secret
was out and already known to the public. hur-
rted consultation took place in the ofllce, during
which the books were dropped, and the business
which seemed 80 pressing suspended for the time.
AS the result OF the conference the clerk stated that
no information could be given on the state Of
the finances last night as the officials were not
certain how they would stand until a thorough
examination OF the books took place and the
amount Of the assets was ascertained, and, under
the circumstances, the
REPORTER COULD NOT COME IN.
Some carriages were standing at the door and
knot OF people was beginning to gather surprised
at seeing such hustle around the bank at so un- :
unsual an hour. The news soon leaked out that
Tweeds bank had burst, and crowd was soon col
lecLed. the rumor spreading like wld1re. and the
mainly comprise the poorer classes principally
the BOSS own constituents The widest rumors
could be easily gathered that even among those who
had been hts warmest friends all confidence In the
Klng OF the Tammany Ring was at an end, no FUR
tner reliance being placed ID any enterprise no Is
the names Of the Executive Committee which
inspire them with any hope. They are o. W. Bren.
nan. =; 2: WibouI, James H. Ingersoll, G. Putnam
Bile enough bQt the presence Of the
CKLEBRATRD CHAIRMAKER
threw gloom over the people which the we'll
The particulars OF the rumored failure are az fol-
lows:-About noon yesterday somebody presented
there was not cs ,be safe az 70 meet 80
heavy demand coming as 1t did, 80 unexpectedly.
For tue time the bank suspended payment, and It
now remains to be seen whether the closure Will be
ment. 0S 49, e'''0'
It's nominal failure az above caused the bank TO
be placed IN charge Of A. J. Rogers, the Public Adj
miniStratOr.
Subsequent information. furnished BY a person
who claims to possess an intimate knowledge OF the
workings OF the bank, states that the AFFAIR
IS A PUT UP JOB
by political enemies OF Mr.. Tweed, who wish to in
nict cruel stab upon him through one OF his favor
lite Institutions. He states that the bank has pro-
cured ample funds to meet the pressing require.
mens OF the situation and that to-day business will
be resumed as usual despite the EFFORT that has been
made to bring about different denouement. How
far this may be true cannot at this time be ascer.
tained but few hours Will certify to Its correct
mesa In the meantime the best must be hoped for,
though nothing can be definitely known until the
books are thoroughly gone over; but the Off Gals
are said to be confident OF their ability to weather
the storm. Mr.. Ely, whose name appears as Score
ary has not been acting In that capacity for some
tme gentleman named DOudy serving In his
place. The Boss. though taking deep inse rest II
the success OF the bank, II not heavy shareholder
bis interest In the concern being slight