The New York herald., 1871-10-11
THE THIRD AVENUE SAVINGS BANK.
The Run Continued Yesterd ay- Excitement Among
the Dsposit,rs-The Bank O3icers
Still Confident.

The publication given In yesterdays papers OF the
run on the Third Avenue Savings Bank, corner OF
Twenty sixth street and Third avenue, was by no
means calculated to alay excitement. BY eight
O'Clock A. M. the doors were beseged by several
hundred, who had taken o position thus early TO
get at the head OF the line. Captain Cameron, Ser
geant Rooney. Roundsman Keating and twelve men
were early on the ground, and by their excellent
management secured order in the formation OF the
lines. The women formed, with the head OF the
column resting on the right Of the main entrance
and extending around the corner TO the Twenty
sixth street entrance. The men were formed on the
left the line extending half a block down the ave.
nue..
BY half past nine O'Clock, when the doors were
opened. fully four hundred frightened deposltors
were In line and this number was constantly In
creased up to about one O'Clock, when 1t Is esti-
mated that there about the bank fully nun
dred persons In the afternoon the police force was
nnder the command OF Sergeant Loonie and Rounds
man McCntocK, who projected everybody from
pickpockets and preserved admirable order. In.
deed it was noticed that the attention OF the force
was remarkably good, and no one had cause 10
The depositors yesterday did not display so much
nervousness as On me previous day and II was par.
mostly mostly servants, Ai Tne heavy deposors who
are business men, showed themselves, but did
not except IN few instances Withdraw snelr
among the crowd and did all IN their power to re-
inspire them with confidence In the institution.
One gentleman found his servant at the door ana
sent her home promising to paw her 100 cents on
the dollar for all she had deposit An old gentle
man read 81 me run n the Newspapers and !. came nm
but after making inquiries turned on his heel and
Another stood In ihe line for five hours, drew out
his balance, 81 81, and lett, calculating how much
ne had lost by the transaction in quitting work.
One heavy depositor, not SO confident as the Mount
Ktsco pilgrim, drew ont $4,g50 and left smiling,
but NOT until he had crammed it far down
in his breeches pocket with the remark,
There ye're safer thar than in this yer bank,
by darned sightn When the bank closed
at three O'Clock about three hundred persons
were stu waiting their turn; but many despairlDg
dred persons were paid yesterday sums aggregating
probably, one hundred and sixty Thousand dollars.
On the previous day $40 900 was paid over the
counter to depositors.
The trustees sat all day in the rear once. ana
from their smiling faces, visitors felt reassured OF
0f1cals Of other banks called and proerred assist
ance; but 1t was declined for the present, they
have So 500, 600 available funds TO meet a run by
their 600 creditors and can. short notice. con-
vert several millions more. They have converted
nearly million government bonds already into
70 meet contingencies. They opened yesterday with
$600.0oo in their vaults, and just before closing
brought In $3.50, 600 more that they had raised by
the sale Of governments. They had among other
securities $750Oo0 city bonds, which they nave not
yet touched.
enough available funds TO stand run Of seventeen
days. Should II then continue they can take advan
tage Of the thirty days grace allowed BY the law TO
convert their unavailable assets into currency.