The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1871-11-20
THE YeRKylLLE SAVINGS RAsK.

sassrsnent Of the Presfcent tit Is Not .
.ssRfnsss Bank-Its safety Assurcd- Harry
Genet Ready 10 Stnud In the breach.
In,Jre general tumble down OF the savings instI-
ntiens In which the members OF the "Ring" have
lad nore or less interest, it natural that all
4 nher banks should fall ct this moment under
ONE shadow Of suspicion as to their strength
nd integrly The instinct OF revolution in the air
ermeates every subecu whicn comes to the eyes
udaars OF the people, aud gives IT some fancied or
IT al characteristic VI. startling Significance Day
b. 5ape yesterday ode III .safs 34lf
Is II if TIE Widest OF RUM0Rs Fl M
" ere flying absut in regard to almost every
be INK In the city, however Old and tried;
and among these was tine YorkvilIe Saw
iRAgs Bank, which was ut first emphatically
declared 10 be weak and lettering, and some
credence was given tor the report. However. on
saturday evening reporter received very en-
couraging Information from the Vice President OF
the institution ana it WI vs. fully published YESTERDAY.
Another visit was made to one OF the oncers ycster-
day for further and fu Der statement
Mr.. Harry Genet, the President OF the bank re.
coiyed his caller with much urbanity, and very
freely and frankly sed the SUBJECT OF the
bank troubles. When as ked what was the exact
condition OF the bank olc which he Is the head,
whether IL would weather the financial tempest or
Swhether it would be much injured, ne said:-
mo, sir; our bank will nCn he any the worse for
this passing cloud. There IL not the slightest
r0USDATIeN F.pR ALARM;
only the mime OF everybody is Just now In rcyered
estate and Oaiy the devil csn imagine what odd
enecromancy guides their .th0ugnfs. think
-0ur Americas people are peculiar 1or TINS
,aualitT OF being so susceptible to excte-
Ment In Europe people do not let their
emotions ov~power Them into q foolish stare,
OF apprehension. However, we Will live and Learn
and la time, l.dont donot but that shall gain
chzaacier staxd MI impcr.urbabe as that or our
k,nsmen over the water. Bus dd you ever sec
such absurtity as sgpposng for q moment that our
instlsrition .is ,ulsannds The annual statement !
eslcd aud am sure they have no real lack Of con-
fldcncs IN the safety OF their money. The bank |
IOWA i Vas ""eS Tr more S"s m Ssa5e aluss
vauIls than all tie iabniIies--a very large
say Ssss e SysT WY the sposs
have not the sligirat connection win tns i
Ping, , asa nonss Of I've nicers were part Of The
"Ring." We HOLY but q few or the city bonds ana
anly 70 the Aominal amvupt prescribed by tue char
Ter as IS the ease with an 0her savings banks. The
gayerninent secprniea'r y 5000 sl - 1
iirhen you vili ger safely troughT e+t
seml'iancc ofarlu yet, aud II there were we could
+ tser Pay gvSisy CB0T DETAINED
por ne aank are ne u Maa
and We arc ready 10 make Integrity still more
're IN t9 event, or Az nsna slightly Weakened
~ Ahaa bo very GLAD 10 be able to make this
,Bowii.' ~M~ t4 ~
- haze been vlsted al through the day1by bnei.
iess ti.-ik aud capitalists Hno come with cordial |
lGeIs OF capital to aid us, each pEoacsing from
no 900 to,SJl 900, and making an aggregate mxcn
ycecdDg- Sz1cO0. But 9H i
~ ~ WE GAN STAND ALONE,
nd havesdeclUlcd their friendly support The de- /
osirors are perfectly wcccme TO come and make
nquires aIii WILL DC gladly received and afforded
n examination q aGairs. Bnt to tell the irutli,--
Milling very cneeriully--"I do NOT believe very 4
ension 10 lead them to indulr epp' IN J
ny doubt. II Ia the, outside public who
sually originate these reports and who do not ]
now whereof they speak. ALI the harm comes
ON these M,nO,G1li, who have no money to lose | J
na take pleasure In raising senseless wind ana
eelng other people ievered ny false alarmsu | J
Alter some further conversation Mr. Genet in | 6
Dncuslon, said that II he ever thought that there +
as any real danger he would make any personal
icri6ce in order to protect the patrons OF the 1
ank. He wonld go so lar as 10 sell HIS real estate
even one,enin OF its value to save the hank In
10 present emergency, II u became necessary ra-
Ter than have any one OF the depOsitOrs suffer- Mr.
enet thanked the reporter for the fairness and lack 81
bias displayed ny The HERALD and the interview | u
as ended Among the depositors there IS little j.
eilng VI alarm. AMI tbe safety Of tho bank seems q
.sarS,k ! w