The New York herald., 1871-11-21
The "Poor Boy Of the Mohawk" His Banks
and Pelics--A Captain Of De-
tectives on Guard.
The REPORTS TO THE LEGISLATURE.
Reports That Never Lie-ConditiOn Of the
Manhattan, Guardian, National Sav.
ings, Bowling Green, York.
- vile and Citizens Banks.
Figures and Facts fO1. the
f % People.

= AE uIeS dnu = acLS AOT the
.f % People.
Few calamities are fraught with more OF truly
pitiabe misery than the failure OF . savings bank.
Other financial concerns when they topple over
usually content themselves with buryirg In their
crumbled heaps OF ruins
- LARGE SLICES OF THE PROPERTY
Of men whose. colossal fortunes can easily with.
stand o considerable and sudden diminution, and
whose means were probably accumulated by the
mtsfortunes OF similar character which had previ-
ousy overtaken their neighbors; but the closing O;
eavings banks doors for the last time shuts out
everv ray OF hope and happiness in this life from
the hearts Of so many poor and worthy fellow crea-
lures who so richly deserve better fortune that
man with human feelings ana sympathies can stand
the unmoved witness OF such spectacle.
1t brings before the minds eye the exquisite agony
or the industrious laoorer VINO for many long
year has toed in the winters biting frost and under
che blazing summers sun. in humility and hard
ship and danger, and coined his sweat and blood
and nesh into few precious dollars, that might
save him from hunger and the amsnouse when his
supple joints became stiff and his strong muscles
weakened and his hair grew gray after life OF
weary $3.50
SUFFERING AND sELF-DENIAL,
cherished dreanisof old age OF comparative COM
fort and Independence have changed into
the dread reality Of inevitable and hopeless
beggary. Then think OF the indescrbable misery
OF the poor widow whose humble and untir ing
Industry with her dashboard or her needle has
enabled her TO save little money, on which she
depended to bring up her fatherless boy as worthy
and honest member OF society, and to preserve her
orphaned daughter from life OF shame. and who
now finds the fruits OF her years OF toll and patience
ana privarion all withered and blasted in an hour.
Only think OF The thousands OF cases OF wretched.
ness and SUFFERING, whlch no pencil can pain: and
no pen enumerate brought about by the collapse or
one Of those institutions which allowed to exist
only because they profess 10 be peculiarly the
guardians and rewarders Of the industrious poor,
and II there be any sentiment In addition to pity
for the victims, Is that punishment can be too
severe for the parties who wnfully abuse or negli.
gently mismanage
rHB AFFAIRS OF A SAVINGS BANK.
The great excitement In the city caused by the
announcement OF the failure OF several savings banks
and the details thereof published In the HERALD
The two following days had diminished very little
yesterday. Even among those who were not depos-
ltors the interest In the c0ndtion Of the suspected
banks was very intense, ana groups or men who
congregated under awnings and rorchos for shelter
from the falling rain discussed the aas OF the
ings banks with the safety and tardy arrival OF the
Grand Duke Alexis. What every speaker seemed to
consider most remarkable was the fact that all
THE THREATENED FINANCIAL INSTITUTIONS
were connected IN some nearer or more remote de-
gree with the old Tammany Ring and acknowledged
some or ether OF ITS distinguished members as
their managers ana directors. and the name OF
WILLIAM n. TWEED
was on every tongue. About two O'Clock In the at.
ternoon large group OF soaked and dripping citi-
Gems stood under an awning on the corner OF Fulton
street and broadway, discussing the financial sua.
Rtion its causes and effects.
"Wel." said one gentleman as he shook the rain
from his umbrella 'theres sort of poetica Justice
In all This Thousands OF poor laborers In the city
are ruined by the very men they always fought for
ana voted for and Kept in power.n
mo. sir, no; that's mistake,n replied poor
Irishman who had just been denied admittance to
one OF the banks where his little savings were de-
posted; "thst's all q mistake. sir. 'Twasnt me
that voted for 'em at all fought for 'em aither
'Ttsn't the poor. hard -workln' min, that
WORK FOR THEIR LYNN
and save their little alrnings for the chdher tina,
do have anything TO 10 with thin politicians one
way or another. We did not put our money in their
banks because they we're Tammany politicians, but
because we saw them looked after and associated
with by gintlemn that houlds their heads the high
est in the city. The papers ould every day that
they had pntv OF property IN all the railroads and
banks of the country In company with all the great
people OF the land, and sure, naturally thought
they were safe enough to hould our little thrnes
for us.n
"Could 1t De out OF revenge for going back on
them at the last election that they have done this
thing now ~ asked another
"Begor, may pe So" said the lrishman. "l
wouldn't put 1t past thin"
al thrnk,r said q German, .'dey hes not SO bad az
ais. b'leef Tweed has pull all his money out Of
dem banks and leave nothing any more, SO dat he
can
GET AWAY VERY SOON.
How much you lose r'-to the freshman.
'Two nundhert an forty-six dolars,n answered
Pat with sigh.
"Ah, lose SIX hoondred dollar,n and the German
walked away sorrowfully.
1t would be hard 10 estimate the amount OF
wretchedness and misery caused by the failure OF
those banks; IL never will and never can be known
All the information tnat could be CLEANED, however,
by sharp squad OF reporters is here subjoined.
The reporters OF the HERALD were yesterday de-
spatcned IN every direction secure regarding
the run upon the banks, and the result OF their
iabors Is given. as follows.
The Banks Of the City md County --nov
ID. @. Howell. superintendent Of tho Banking De.
partment OF the STATE resides at Albany. and IA
supposed to exercise general supervision over the
panxs OF the state. From mis- report transmitted
the Legislature on the 18th March OF tnis year the
following statement Of the character OF securtiei
In which tina banks have Invested TO secure sheiI
deposisors u taken. A comparison OF the character
n the securities In which investments are made
within the law wil enable any depostor OF ordi-
uary intelligence TO discriminate between sound In
situations and "wiid cat" banks established IN the
Interest OF ring mem, who, by the founding OF
benks hoped 10 secure political power for an inden
mite period. From Mr.. Howell's report the follow
ing facts are ascertansd:-
ABiroDoH SQUARE SAVINGS BAyK
Bonds and mortgages $4,000; United states secu'
ATLANTIC SAVINGS BATE.
Bonds aud mortgages Ss0e, iTS United states secu'
res s67eoc0; bonus o. cities IN the state $3V1oVo