New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1872-01-24
THE SAYINGS BANK.
INCREASE OF BUSINESS IN THE LARGER BANKS
MEASURES FOR THE ARREST OF THE DE-
FALLTER CONkLIN.

MEASURES FOR THE ARREST OF THE DE-
FAULTER CONKLIN.
At most of the larger savings institutions in
this city there has been great business since
JAN 10, owing to the semiannual payments Of interest
deposits, and large number OF depositors imagine
that the interest must be immediately credited upon
their books. The presence OF depositors in unusual
numbers coupled with the feeling OF dstrust caused by
the recent failures has given rise 10 that there
were runs" ON the Manhattan Savings Bank, the Me-
chancs and Traders Savings Bank and the Beeckerst
Savings Bank At these institutions yesterday only or
binary business transactions noticed, and the repe
tton Of the alluded to only ocaasioned smiles
large crowd assembled at the Beeckerst. Bank but
no doubts expressed concerning the sovency Of tho
bank.
Sarah +. Mackey, who has 81 500 on deposit in the
Market Savings Bank, filed petition In the United
States District Court yesterday, TO have the Bank put
into bankruptcy. Judge BatchfOrd Issued an order re-
turnable Feb requiring the Bank 10 show cause why
the petition should not be granted The officers OF the
will he taken TO the arrest Of Conklln,
the cashier who has Ned from the city, and that the
property at Milton, MY, now held in his wifcs NAME
would be attached. Receiver Dennis has Issued tn Q
MARKET SAVING. B.yK. No. 8, SA~Av-sr,}
To the Deposition, crn> Saring' FRANKLY admitted
that the Affairs Of ills satisfactory condition could
be desired but the dePoaOr be assured tsi ever dollar that can
enE tedious delays Of kind great deal has had to be DONE
ana e' H enable m e m Gssu Statement to The public
the possible Consistently that the result will
seDse l' N' u "O' ~ JAWS DssSis Receiver
the Third Avenue Savings Bank was crowded with de
positoIa, yesterday; but few large deposits are now
applied Ur the payments did not exceed $4,000 IL is
reported that one Of the largest life insurance compa-
MES the city has pledged Itself TO take 100000 of the
banks bonds and mortgages. In regard to statement
among the liabilities the interest due depostors the
officers deny that any deficiency ever existed and affirm
that the securities were placed only their par vaue
and that the premiums considerable surplus over
all obligations.
BOWLING GREEN SAVINGS BANK.
A large number of the depositOrs of the
Bowling Green Savings Bank assembled No. 70 Green
wichst last evening" for the purpose Of hearing the
port Of the Committee appointed TO investigate the con-
diton of the bank Judge Edward Hogan presided and
stated that the Committee had delegated TO Augustus
Philips aud himself the duty of investigating tho
banks affairs, and that the report would have been
ready some time ago If the officers had not caused
delay by abscntng Themselves SO that information could
not be obtained The following 10 ali ABSTRACT Oh tle
reports ,,,..,.,., ..o,,
bonds and MORTGAGES =l7i59 500 call loans S2iH ~
for which he hank holds the paper Of Of when the
$1,000 Of which 5000 WORTHLESS city .icA $500 although TIE
S sSs Ts'' Of G IL: s i, R, G g. sme Ia.
to The p, h Is "a S a which Ts cpS o rSes Of
a,Ing be applied the bank sss and shoNag
esfd again, the a aynUe Roai Cpan for Which tie bank
lo the paper Of the CCmPany Inc clam a;Po Ihe SiI
the drawn BY the Secretary, Reeves f. selne' on
max Ss5nen, ami 4 the sm Of the Guardians saving, should
Ge1Ct will tl5JO3 Among
able TO ind The
miee fraudulent and that the
Judge Hogan reflected severely upon the course OF
Vice Walter Roche and Secretary Reeves r.
Sclmes former OF whom had stated. upon the ss-
pension OF the Bank the deposit0rs would lose
hing through him, but who maniiests no dispo
sition 10 keep his word.
depOsitor suggested that committee should be APP
pointed investigate the matter OF the fictitious loans
and verifying the frauds to lay tine facts before
the Grand Jury who would compel the guilty persons 10
show where the money had Considerable desutOry
discussion followed, in which the officers OF the bank
were denounced DcpOsors urged that steps should De
taken 10 send them 10 state Prison.
judge said that he had learned during the day
that Reeves f. had carried of the bank vouchers
which showed upon whose order the money had been
drawn.
Another depOsitOr stated that Phil0 T. Ruggles had
appointed referee by the supreme Court on the APP
picatiOn counsel 1t finally decided that pet
t0n should be signed by the depOstOrS for presentation
TO Judge BatchfOrd, opposing the petition OF depos0r
who desired throw the institution into bankruptcy
The Investigating Committee was discharged. and "A
Committee. consisting of Me.srs. sullivan. Canton o
gan and Fox, appointed to take action in behalf Of
the dcpUsitOrs.