The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-01-28
THE SICKLY SAVINGS BANKS.
THE MARKET SAVINGS BANK.


appointment Of New Receiver-The Excite.
ment subsiding.
The excitement among the depositors OF the de-
funct market Savings Bank was not nearly SO great
yesterday as 1t was during tine few previous DAYS.
Quite number or the depositors assembled In the
hall way OF the bank building throughout
the day and discussed the probability Of their
getting encouraging amount OF the savings
they had deposited In the bank. The remarks made
regarding The honesty OF some OF the Officers OF che
bank were not at all complimentary to those gentle
men. They were called very nard names by the
poor victims who had entrusted their hard earnings
to the deunct institution. STILL the excitement
and the crowd seemed To be gradually growing less,
and as soon as the news or the
APPOINTMENT OF A NEW RECEIVER
reached the bank q better feeling prevailed among
the depostors and hopes were expressed that the
muddie into which the accounts OF the bank had
somehow been placed would be cleared away. Mr..
Dennis the Old receiver, had accepted the position
only temporarily, and being director OF the bank,
had proved unsatisfactory to the deposltors
Many of the latter had already taken
steps to have him removed, and Attorney
General Barlow had also come down from
Albany to effect that purpose Upon arriving in
the city, however, 1t was ascertained tnar Mr..
Dennis was perfectly willing to withdraw from the
recei vershlp. Consequently all possibilities OF It'll
RattOn were removed bY this voluntary action or the
receiver; and on all parties appearing before Judge
barnard. the latter issued order appointing Mr..
Francis W. Worth the new receiver OF the bank.
The following is
By ns oo on .
McDonough, the counsel For said receiver, II 10
on sno,. HI: Transferring and delScrna over h:
and the which II.
sion such recever and such securities and
perry A. he has obtained and upon his accounts beng
bond be cancelled and his surees discharged and that the
Hon. Josiah Sutherland OF New York. be appoint referee
70 take such accounts and TO report thereon.
II II further ordered motion OF Porter, Lourey and
Soren, who counsel for the plaintiff with
OF Mr. Barlow the Attorney General who appears
FOR the State Superintendent and unes said notion that
FRANCIS W. WORTH NE APPOINTED REoETvEn
OF AL the property assets and effects OF the Market Savings
BANK and OF all money property and securities which have
come TO the hands Of said James Dennis receiver
penal sum of $lO0O01 duly approved TO is form and
suciency by of the Justices of this Court with the
powers vested BY uad order OF the Goth Of January said
Dennis and with all the powers Of such
II manner that said receiver deposit
a which he receive by virtue OF this ORDER
the city of New York to his credit and account such
ceiver
the defendant the Attorney General and Of Mr. Dennis the
temporary receiver.
meeting OF the Joint committee Of the depositors
was held yesterday afternoon; hut upon becoming
known that new receiver had been appointed, It
was resolved to defer further action for the present
The new receiver, 1t Ii understood, VIII at once
enter upon the active discharge OF his du ties and
from the financial wreck OF the bank for the de-
pOsitOr6.