The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1871-11-19

suspiclons that all is not square at ls4 Chatham
| street.
OF Is said to be 5000 but the deposits are
i not known. The Official report made TO the Bank
neparsmenL OF me state on me ist OF January 1870
$llo l56; excess over liabilities sl.4s4; number OF
open accounts, 32s From this It viii be seen that
the margin OF assets liabilities Is very small or
| was at last report, and may be still worse now.
The depositors yesterday were very bitter against
the Ring directors ana especially Walter Roche, who
| has, 1t IL rumored assigned his property TO the
receiver TO protect the Founding fno OF the sisters
Whom Charity ns na aa naa ew deposit S
the institution On Thursday one eo, % the t de
| bank others called TO draw cash on checks paid
| them for goods received. One tradesman had re-,
ceived cneck from q prominent politician ana
had offered IL for deposit In his own bank, but the
| check was there refused en- the ground that
| rnE GUARDIAN BANK HAD no sTAsniSa oou.a
a. Chatham square TO draw The cash. but found Inc
| hank closed.
forenoon, but these persons, although enraged ana
/ annoyed, offered no disturbance OF the peace. But,
OF police was Kept in reserve at tho Sixtn Precinct
Police station and several Officers In plain clothes
| hung around the vicinity to he ready for any such
! event.
| About eleven O'Clock Louis Ingersoll and several
others OF the directors drove up TO the bank IN their
| carriages, and. after making themselves known.
| were admitted When they passed tie gates the
waiting ana anxious acposilors made a rush to get
IN but Kept out by toe robust porter. VINO was
evidently schooied IN his duties. mere were rumors
rife last night that the win open the bank
tomorrow, but tnev could not be traced to any re-
i liable source.
| Yesterday a ..run, was made on the
BOWLING GREEN SAVINGS BANK,
| at SO Broadway, OF which Henry Smith, otherwise
"Hank" smith, IS president and Reeves +. Selmes,
one Of the most supple tools q the Ring. IS secre-
very early nour, at which time 1t IS said tney had
paid ont about afty thousand dollars Justice
dents and directors OF the bank, and, Oh
course Tweed had his finger n the pie also;
money IN the bank, and At twenty minutes past
| two p. NJ. the doors were closed. The prim-
have hay been a loss Of nearly quarter million
| dollars on stock OF the Hannibal and st. Joseph
the ELECTION Of officers and directors Of tbs road,
which vas held on the 9Th instant, the Boston and
other stockholders lett the sinking SNIP and the
| followed next day, scattered the King and all It's
concerns, and the Hannibal and st. Josephs went
tile way OF al such railroad schemes. the stock,
which was valued at 60 the late election closed
on the street last evening AZ 551s. White the Bowl
| ing Green Savings Bank an Incorporated nstl-
| tution, did not hold any OF this monkey railroad
stock, still It's officers and directors used the funds
OF the bank to speculate IN this ana IN other stock
IMMINENT PERIL OF TIE DEPosrToRs.
If the railroad stock had gone up the bank would
not be one cent better for it, but having gone
the other way down, 1t has to bear the loss-or
rather Its depositors and stockholders have
Yesterday afternoon reporter or the HERALD
called at the bank The run" was over. The
doors, front and rear were closed ana locked and
ones ON Wno had drawn W" blanks and not '' prizes
German woman who had some money there In
trust for her children stepped IN to make inquiries
that t would be all right; tina. the bank had closed
for the day, ana that II she called on Monday
s@s to rve her ener by and 5
Another gentleman tried to explain to her that the
hank had burst and nad no n money o 50 pay It's
| could comprehend the FACT but persisted in
| saying tnat the bank would not OF course delraud
| her children, and she went away In doubt what to
believe ABOUT 1t. worKingman there looking
tor s76 OF ms hardly. learned money which had been
| sutandered clerk, who wanted TO deposit n
check on tue Bowling Green Bank for SIS ana could
not was there TO
The rosy-faced gentleman explained the why and
the wherefore. Another. an apparently we'll lido
.o there wneS Ss h ss p ns
"uank" Smiths keeping. He managed to obtain an
interview with HANKS factotum, Reeves f. selmes
however, appeared to take the matter very cody.
Perhaps he had assurances IRON behind the scene
men came there with pile oil greenDacKs, whlcl
he took pacN with HIM. thankful for his escape
| The HERALD representative made a strike Tor tn
rear entrance the bank, rather 70 the directors
room, and knocked at the door,. which wa
HERAIp man could ask q question, Mr. Selmes az
peared and held the knob or the door nervously II
s as me following
ensued. however, ere the HERALD man left
REPoRTER-Mr. Semes, have you had run" on
your bank today
| REPoRTER-How much money did you pay out9
| SELMEs with a forced smilel-Td rather not say
anything about that just now. we paid Out all we
REPORTER VIII you open on Monday for bust.
SsLMEs-No, we will not. We closed to-day about
two O'Clock and we shall not De able TO open soon,
| If at ALL
REPoRTER-Mr. SelIneS, WnaL are the HaDllltle5 OF
| the Dauk2
SELMEs-About half a million dollars.
| REPoRTER-A And your assets?
SELMEs-About tue same We shall be able, after
a whie, to pay dollar Tor dollar ana to meet every
| Obligation OF our creditors. But must have time
TO do It, We have mple securities but YOU see the
odium heaped upon US duilng the last three months
has been such That we could not get money. II we
offered securities for sale people said "No, you are
connected with the Ring, and we'll have nothing to
do with your or II they were wiling 10 purchase.
we were obliged to sell AT heavy discount We have
| HAD To BEAR THIS PRESSURE
and this stigma for three months until u has COM
| PEELED US To stop payment. We shall be able to
| meet all our oDligal ons IL we get time.
The reporter thanked Mr.. selmes and babe him
| adieu. IL was said that Mr. Ioone had been APP
pointed receiver during the day. II may be Inter.
| estiug TO those VINO have money deposited IN this
bank TO know na' on !he wora Of tne secretary
open on Monday. Hence 1t will be useless for them
to gather there or to make anv demand Tor their
| deposits. They will nave to await the slow process
o the law to gel anything at ali. They may recover
all, ora large portion by waiting but they can
hardly base their winters supplies upon any SUCH
hopes, ana we advise them TO husband their pres
ent resources for the trying days that are yet to
come. As gentleman remarked yesterday TO the
HERALD man at the door Of the bank there
Will be O great deal OF suffering tins
winter. Tammany has gone and taken
| all the pubic money she could, and instead OF hav-
ing money enough TO employ additional laborers and
| mechanics during the winter months there Is NOS
money enough to pay those VINO nave worked LOT us
during the fall They, OF course VIII have TO 20 by
and by, and we NAV be obliged TO resort TO soup
| houses here TO support the poor as we did IN the
| winter OF 1875. IL is ardenuy hoped that
THE WINTER MAY BE MILD ONE
and that the pressure felt In financial circles
may be removed ana money become easier. IL never
was truer than 1t that ''wnen the wicked rule
| the people mourn.n III II was the gutlty only who
1 suffered II would be web, but when The honest poor
| are made suffer for the crimes OF those
whom they have trusted no amount OF exc
| Grafton eau sufficiently condemn the swinders
| and SPECTATORS. AMI we now advise every poor
| man who has money In any OF Tweeds banngs 10
remove IL as sneedlY possible, for tn crash Will