The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-01-16
THE THIRD AVENUE SAVINGS BANK.

The Twelfth Day Of the RuD-Bmt slight
Abatement In the Attendance-Pnyina More
NEUTRALITY-SUSPICIOUS. Dissatisfied with the
Statement-The Trustees still Confident and
UncOncerncd.
The prophecy thar the run on the Third Avenue
Savings Bank would abare so soon as the officers Of
the institution published statement OF assets and
liabilities calculated to convince the people OF
the correctness OF their oitasserted declara-
ton that 1t was solvent proves to have
been erroneous. After repeated calls for this state.
ment, the trustees the eleventh day OF the run,
generously bowed TO public clamOr, and gave
partial statement such as they made to the Bank
Superintendent at Albany. This may satisfy Mr..
Howell, but 1t has not the deposltors, as
1t does not give the character OF the
securities nor the amount due depositors on
accrued interest. They put forth q statement
claiming surplus Of over one hundred and
twelve thousand dollars; yet 1t Is false IN that,
according to one of the trustees. the interest due
depositOrs Yesterday Is about seventy -ve thousand
dollars. This deducted from their alleged surplus
leaves the actual surplus but little thirty.
seven thousand dollars The neglect to put in this
Item OF interest as liability may have Deen an
oversight on the part OF the gentlemen who pre-
pared It; but II very materially reduces the amount
held by the bank In excess OF liabil tiles.
That 1t was q clerical error Is the most charitable
construction that can be put upon 1t, as the trus
gent depOstOrs
The Oflcial report, as published was yesterday
the theme OF criticism bv the depOstOrs, very lew
OF whom were satisfied with 1t. The sentiment of
the majority seemed 10 be that there was something
suspicious In the fact that the report did not enter
into details.
The run yesterday. however, was not so large as
on saturday by fully fifty persons When the bank
opened q large number or those who had received
tickets on Saturday night for early admission failed
70 apply Tor their money. showing thar some, at
least, were treasured OF the ability OF the bank to
meet It's ODllgafl0nS Indeed, some came In and
made deposits, while number called for their
interest and consented to allow the principal to
main. AT twenty-five minutes after ten there were
within no the v, office les persons, and with
quentiy admitted. making the total admissions
during the day 1873. or these LOG were paid In the
diye hours ending at three or the payments ayr.
payment than has been followed for many days.
At three O'Clock tickets were issued TO seventy
Notwithstanding that sign was put out at twenty
five minutes to two p. NJ. that there were many
O'Clock, about iilty remained on the watch at the
outer door until three O'Clock. large number
s ns,s tS as t we as
for dollar If all the deposits are drawn ont, and from
inc temper OF the people 1t is very likely that they
WIN have an opportunity TO do so unless n more de-
tailed report. that Will be satisfactory to the de-
positors appears soon and re.estabiishes the conf
dence OF the people Une OF the trustees yesterday
assured the HERALD reporter that one Of the
causes Sn,srss,. OF the rd run was that persons
break 1t so that they might by special get pos
session OF the charter and continue the business
The fact that the bank Is paying rapidly would
Indicate that the trustees have plenty OF funds on
hand Yesterday about noon an old c0lored woman
went to the depOsitOrs' wicket 10 put money In: but
seeing the crowd Withdrawing changed her mind
and going outside. waited ali day for her TO get
In and draw ont what was due her.
THE CROWD LAST NIGHT.
There was large increase at night over previous
evenings. Besides the seventy.seven adTitted by
ticket eighty were admitted, and eighty were still
without at haf-past seven, making the
total ut The bank at the evening session
270. the payments IN the evening were
SLOW averaging fifteen per hour. COnse-
quently, about lao were supplied with tickets for
the nalf-past nine A. NJ. admissions to-day. The
"greenback neap" as the depositors call l., was
largely augmented before the night session. and the
depOsltOrs hopes rose consequence very vislbly.