The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-09-27
TIE CHARITY COLLAPSE.

The Comptroller Pays Over to the Com.
DAissioners OF Charities and Correction
SIOO,OOO-Further Explanations E.y the
Comptroller and the President Of the
Tenth National Rank.
In conversation with Comptroller Green yester
day he expressed himself as follows on the subject
Of the reported closing Of several charitable inst
tutions on the 1st day of next month by the Com
missioners Of Charities and Correction on account
OF O lack Of funds:-
f these institutions are stopped it will be largely
the fault OF the Tenth National Bank, who have par
TALLY repaid themselves the 1871 debt of the Com
mssoners OF Charities and Correction, amount
ing to s277,OOO, with money l have supplied
the Commissioners with In 1872 for carrying on
current expenditure. The bank pressed me to pay
this old sam Of $277,Ooo which they had advanced
the Commissioners, and the accounts were being
examined In their turn-yOu may, perhaps, re-
member what a terrible press OF work had at the
commencement OF this year-when suddenly the
bank on the 1eth of June, think, resolved to take
the matter out of my hands and bring 1t and me
into the courts Such action was accordingly
taken, the application for the mandamus being
made comprehensively with the Commissioners OF
the County Court House, who claimed $3.50 900, and
with which James II. Ingersolls, Michael Norton's
and Conan g names were connected. The Court de-
cided that until the amounts at issue had
been udicially approved l was not compelled to
pay them and further ordered the appointment OF
Referees the one selected for the Charities and Cor
recton claim being Mr.. Murray Hoffman, OF No. 80
Pine street. SO you see the matter was taken out
OF my hands and remains so
WITHOUT LAWFUL RIGHT.
With reference to the seizure by the Tenth National
Bank OF the sum three months ag
and Correction, and deposited in the bank
s By ns% the It
feeling indignant at the proceeding, removed Its
account to the Third National Bank, fearing a
sspfSa 81 e Nacna Nh Bank aHd
as q city official holds somewhat embarrassing
position.
'Since the seizure In question by the Tenth Ma
tional Bank have been paying money over to the
Correction keep their accounts ut the rate OF
$780, 900 monthly the annual expenses Of the vari-
Gus institutions being about one and quarter mil
lions There are among them more than one which
could be well spared for all the good they
do. To-day received requsitlon from
the Commissioners Of Charities and Correction
FOR ONE HUNDRED THOUSAND DOLLARS,
and that sum is being duly furnished them, It being
mutually understood tnai they slia not SEND IN re-
by them. Therefore think that the institutions
In question VIII not be stopped, unless the Com.
missioners of Charities and Correction want to
make trouble for themselves
Thanking the Comptroller for the explanation he
had given, the reporter took his leave.
What the President OF the Tenth Ma.
tional Bank says-The Story Of the
Mandamus Against Comptroller Green
An Alleged Breach of Faith.
Yesterday HERALD reporter paid visit to the
office of the Tenth National Bank at 348 Broadway,
and had an interview with its President, Mr..
Walter B. Palmer on the subject OF its financial
quarrel with the Commissioners OF Charities and
Correction, and which threatens the probable clos.
ing Of several hospitals and charitable institutions
the names Of which were given in Thursdays HER.
AID. The following conversation took place be-
tween the President ana the reporters
REPORTER-Is there anything new to-day, Mr..
Palmer, in the deadlock between yourselves and
the Commissioners Of Charities and Corrections
MI. PALMER-N0, not as yet.
THE MANDAMUs.
am willing continued Mr.. Palmer) to state that
the mandamus for the sum of $277, 900, being the
amount overdrawn by the Commissioners last
year, was never refused, for Mr.. Strahan, the
the month 20 se
counsel for the bank in open Court that the &C
count OF the commissioners Of Charities and Cor.
rectiOn would be paid shortly. This took place in
Supreme Court, Chambers.
REPORTER-Do you expect speedy solution Of
Mr.. PALMER-I am expecting to settle the AFFAIR
every moment.
REPORTER-I was told by one OF the Commission
ers of Charities and Correction that he considered
the taking possession Of the $12s 900 deposited by
Ine COmHllSSOueTS WITH you LOT current expenses
and applying 1t to the payment Of the Old debt q
direct breach OF faith.
MI. PALMER-I do not.
AN EXPLANATION.
"The Commissioners of Charities and Correction"
continued Mr.. Palmer, shave been accustomed to
Overdraw at other banks at which they have kept
their accounts for @ number OF years past The
Court House claim Is the only one which Is In the
that the Tenth National Bank has no disposition,
nor has 1t had to embarrass the Department or
Finance or the Commissioners OF Charities and
COrrection-