The New York herald., 1871-11-21

Iurtner, that ne did mot anticipate anything
Ike run on the bank, HERALD re-
porter was yesterday morning despatched to tho
locality OF the Institution, Eghty-sixth street aud
Third avenue, for the purpose OF noting what kind
OF demonstration, II any, would be made on the
part OF the depositora Arriving at his destination
the reporter alighted and anxiousy peered around,
for an excited, clamorous congregation OF persons
composed for the most part OF poor. hard -working
honest men and women, determined upon snatching
from fast crumbling concern the accpmplatfons OF
many weary days and nights Of hard ton before the
doors OF the building were closed against them and
they were told
THE INSTITUTION WAS INsOLvENT. f.5t
Instead OF this. however, perfect order and qui-
etudc on every hand met his astonsned gaze, the
only thing at all approaching crowd in the vicinity
being three ntsle school glrls VINO hurried by
through the peting rain. Entering the bank ITSELF
the same quietnde and order prevailed there tnai
was so conspicuous IN the street.
sre repoper Spt OF o the
banks omcers bonlnd the counter.
az you rsss to r. replied the oca IN
wn the o. Has there been
and had the bank open at least an hour earlier lhan
usual thls morning. Tor rather thought that alter
would % frightened aud want their deposits; but
assure yoS the deposits thus rar have exceeded the
"You mean 70 say that the deposits to-day exceed
ing Sysa asmspds q, made SEon sld BAIL q -
part, very ight-say ten, niteen or twenty dollars
each-the run on u5 has not been more than we
tn nave averaged for te past twelve months while on
already and made additional deposlts.D
AZ this point q the conversation an intelligent
pllcls, remarked tnat she had $S7 on deposit
which she wanted. eee.s.l
the Clerk at tue same time opening the money
drawer and counting out the amount Jus, as he was
about handing the money ont through the wlckcts
gentleman walked IN anu stated That he wished
to deposit 81, 3oO and began making inquiries TO
the rate OF interest," allowed by the institution, pro-
'And are you going 10 leave all that money in this
banks" asked the woman who had just made the
'Yes, madam, am."
.Then guess III leave mine here too and here's
thirteen more II you piaise, which VIII just make
that he bank wasn't in very healthy condition. so
thought had pest come down and get what little
for 1t these last few m0nths.u
Deposltlng !he additional amount mentioned, the
woman Withdrew, evidently We'll satisfied that her
hard earnings were IN sale Keeping.
SO for run on tue bank, there was nothing OF the
kind. The HERALD reporter renamed there till
nearly three O'Clock, anu at no time there more
than TWO persons at the paying tellers' window,
and all who presented their claims had them
the storm. ~sr4r
General Review of the Banks.
From Investigations made yesterday by HERALD
reporters and statements made by officers 1t is very
evident thar some Of our savings banks are in o
very rotten condition, and that the officials nave
systematically attempted misrepresent facts tnat
their own reports to the Banking Department Of
the State give the lie 10. An exami-
nation OF the bank statements shows that
in many cases companies have placed in their
assets the Of1ce furniture at fabulous prlce-nOt
one tenth OF which could be realized IN the event OF
the closing OF the Institution at public sale for the
furniture, and by the appointment OF receiver for
the funds the same abuses have attracted Inc
attention OF the Congress OF State Insurance officers
OF the UniOn and In their first session. oy recOm-
mcndatlOn OF superintendent Miller the Office iix-
lures were excluded from the assets OF insurance
company, as unavailable assets that caanOt be
counted IN reports to the Department at Albany,
nor applied IN the closing up OF an institution.
Another item In these reports OF banks that gives
rise 10 general suspicion Is stOckS or other States
Under lhiS item savings banks can perpetrate the
grossesu fiauds and deceive the, unwary as do
other public institutions. 1t Is convenient cover
for rascality and every dcpoHr0r who wishes to
invest Ills money In savings institutions before
doing SO should carefully scan the figures given
above.
1t Is not the duty Of q journal to indicate what
banks are safe repositories and what are not Its
mission enls when 1t gives facts and figures, and
invites the public TO carefully scrutinize them.