New-York tribune., 1871-11-20

| NATIONAL SAYINGS INSTITUTION.
! Nearly every Tammany leader has had his
associated with some Savings. State, or National
Bank in this city. Men whose knowledge Of finance was
as limited as their acquaintance with integrity boldly
assumed the management Of financial institutions which
only the greatest experience and attention could control
successfully. With the downfall Of the Ring these banks
were terribly shaken and already some have failed,
while several more will probably follow.
THE GUARDIAN SAVINGS INSTITUTION.
This bank, situated at No. 1G4 Chathamst., was the
first CT the Ring banks to succumb to the shock It's
President is William NJ Tweed, Vice Presidents Walter
Roche and Owen Brennan, aud Secretary william L. Ely
The directors wcre with few exceptions oceholders
in this city. The OF the Finance aud Executive
Committee appear one OF the windows, as follows;
Victor ". Rice dead, william NJ. Tweed tunder hoOO,NO
! baiD owen W. Brennan Commissioner OF Charity ana
Correction, Charles L. Wbour president OF the New
York Printing Company, James H. Ingerso tout Of the
County escape arrest, Gilbert Palmer John {. Rid
dcn Daniel Berren.
The failure Of this bank Ia attributed to the recent
withdrawal OF 800 900 by woman, whose intimate rea
tons with "A member Of the Ring have been matter OF
notOrlety for long time When the managers OF the
Guardian Institution the approaching crisis. they
applied to Tweed for help, and they allcgc, he
prom sed in the most solemn manner to protect them
but when the trial he cOUy informed his friends
that he had not much tlOOO0 and did not
know whero he could borrow dollar. Those
!
he had at least 100000 10 ready cash which he could
draw 1T his pleasure. Intelligent pcrsons who know the
condition OF the bank think that dcpOsitOrs will u
macly he paid in full. Within short time Mr.. Tweed
and other members OF the Ring who kept deposits in the
Guardian have withdrawn SjOJ,OOO from the mstu
ton AS for the Boss" IL IL notorious that hc has
recently been converting his personal property, fire.
qucntly inous prices, into ready money, and those
who know him wen have doubt Of his intention to flee
the country.
Deposited with the bonds Il special fund belonging
to the city consisting Of moneyslr by deceased persons
without kndrcd), which il controlled by an official
known as the Public Administrator. who cannot, how
cvcr, draw without warrant from the Controller On
Thursday, Deputy Controller Green issued his warrant
authorizing the Union Trust Company to take possession
Of this fund.- amounting to $5G,CO On Friday the Deputy
Controller received information from the Trust Company
that the check unpaid and his warrant dishOnOrcd.
On Thursday Mr.. Gi dcpo5itor, determined To with
draw his deposits and III ade the usual application The
demand with the reply that the bank
able to pay, no funds for the purpose being available.
Mr. Gill took steps to secure his deposits, and obtained
order from Judge Barnard, appointing Jeremiah
Qunlan Receiver.
William NJ Tweed stated on Saturday that he knew
nothing the affairs Of the concern, he not
active participant IN its administration; that his name
and Mr. ElVs had been asked officers TO give 1t pop
ularity. Ely. being found, admitted that hc Wa
Secretary, but pr0frs~ed to know nothing about the
banks affairs. He stated that the late Victor VI. Rlct
and himself in IT its organization President
and Secretary respectively that few years Later when
he E had other duties OF urgent character 70 oatcnd
to, William ii. Doughty, by "a resolution Of the Board
appointed Treasurer, with power to sign checks ami
since he doughty had been secretary, and he
aud Walter Roche had the concern together. lie
said he had that the bank had sufficient pay
drafts either the special savings banks dePust
and unless mortgages which loans had been mao
fraudulent, it impossible for the bank I" 30
under. other officers the bank say that they have
abundant assets in the shape of bonds mortgages de-,
which cannot be negotiated at once These aIc said 10
to sGOnOcO, but the amount Of the deposit IL not
known. A. It had connection with the Clearing
House. it redeemed through the Bowery Bank.
BOWLING GREEN SAVINGS BANK.
The failure Of the Guardian Savings Institution brought
"A run Oh the Bowling Green Savings Bank. III which
Poico Commissioner Henry smith is President, and
Police Justice Hogan and cx Supervisor Walter Roche
arc Presidents. The number OF drpositors il very
large and most of them are poor working people, The
officers able To pay the demands and the bank
suspended payment during the AFTERNOON, having cX-
hausted all OF its ready money SJn,GOJ
Shepherd Knapp, jr., has bccu appointed Receiver.
The liabilities OF the bank about SjOJ,UO and the OH
GERS are confident that tho assets sufficient
all the demands OF cpoStOIs especially Reeves
T. Scmr the Secretary OF the bank, has Az IGncd real
estate 10 the yne OF about SIjOOOo additional secr
ty for the payment Of depositors The Officers OF tins
bank hope ultimately t. business but 1t is by 10
means certain that they will Ice able To do Ho Much
feeling eyinccd ac.InSt the officers and directors Vf
the bank by The people OF the First Wa'L
TmE NAIONAL SAVINGS INsrITCTIoN.
The National Savings Institution corner OF Broad"ay
and Hou4ton. also suspanded on Saturday. With hut
few EXCEPTIONS the officers and trustees are connected
with Timmany Hall. John Mob. Davidson is President
Henry smith aud John T. Barnard, Nice-Presldentsj |
John b. Greene Treasurer; and Joseph X. FIRTH srrrc
tary The Trustees are John McB. Davidson, Henry |
Smith, John r. Barnard Richard N. Tweed. Charles H. !
Hail. George II. Mitchell George W. Butt, Reeves f. :
selmes, Cummings II. Tucker, Joseph b. Young Walter
Roche John n. Costa, James II. Coleman, John so'son
Francis Higgins wm r. stewart, and Alexander shnlcr
The bank has only in operation since JGly l. and
consequently no statement mas "'h inuuo ~ ''e "'A
superintendent
The Press Association furnishes report that on
aunli,atiop Of Charles A. IioG. deposition 10 the
amount OF 1854 the bank Informed " mat 'h'y were
unable to meet .the demand, aud Mr. h"h "L...lvy-
At once applied to Judge Barnard lor 80. appointments %
receiver. The peLi".n WAS granted and El~drd
scncl OF the Nnnattan Banking Institution. corner Of
gleecker,1 and Broadway was appointed Receiver. His
brot,er Richard sc, became his bOndSman III $4,000.
" alter Roche one Of the Directors, furnished h7Oo" in
cash to secure the depostors from any serious h'oh-
yeuicncc M Roche, it Ia sa also furnished on sathr
v ,oo O in unincumbered real estate to the Receiver
Of inc ,;uaIdan savings Bank and $4,000 IN mortgage
his own private fcsldeneo " 'n0 Do""no s'''h
savings Bank
The following was received at late hour this morning
and seems TO imply that satisfactory arrangement has
heen made for continuing the business Of the National
Savings Bank:
Rumors having been circulated in the Sunday
papers detrimental to the credit OF the National savings
rank No GOO broadway, corner HOust0n-st., take
,o,sure in stating that the Bank il entirely solvent and
that all depostors will paid Ia full upon presentation
of their passbOOES. hbHhi ""'i"' '''e ''S'"on''
Neo York, Nov. ", 1871.
OTHER BANKS