The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-09-26
THE CHARITY COLLAPSE.


Explanations OF tho Department OF Fi-
nance and the Tenth National Bank
rs to the Expected Closing or Charita-
bic Institutions.
Great excitement was occasioned yesterday In
the public mind by the publication OF the statement
In the HERALD Of the probable closing of various
charitable institutions, in consequence Of insuni-
cient appropriations for current expenses and the
large claim of the Tenth National Bank.
Comptroller Green was seen yesterday by q
HERALD reporter, and the following statement was
given by the Department OF Finance as an Official
explanation Of the cause Of the deadlock. It will
be seen BY the explanation given by the Officers Of
the Tenth National Bank that the great public dis
aster which was 80 much feared viii, In all proba-
bility, be prevented.
STATEMENT OF THE COMPTROLLER.
When there was q change In the Comptr0llership,
by which Mr.. Green placed in charge of the city
finances, the accounts which were kept In the
Tenth National Bank had been overdrawn to the
extent Of $3.50 600. the account OF Charities and
Of 1900, and the Commissioners Of the County
Court House to nearly two hundred and fifty thou
as things then stood, certainly not without
thorough examination OF 30 questionable q matter.
ing for q mandamus, but which was denied BY the
Court and the whole subject placed In the hands
Of referee, where y now remains. Meanwhile
the necessary funds for the purposes OF the Com
missiOners were supplied and deposited In the
Tenth National Bank, with the distinct arrange
that money placed there by the present COmptro
Ter for the support of the Institutions for this year
old Claims ' Of the bank. It seems that the bank
having large sum on deposit to be used for
the current expenditures Of the commissioners
now concludes to hold on to this money for its old
claims, and In order to compel more rapid action
on the part Of the referee or Finance Department
s willing to cause the threatened suffering among
the poor.
is very apropos in this case but II this is Of cor.
poratons we are quite sure this will not be true Of
the Comptroller. We know enough Of him to be
confident that he will furnish money to any extent
he within the provisions OF the law to prevent
the suffering among the helpless poor which the
action Of the bank is 80 well calculated to intensity.
THE TENTH NATIONAL BANK.
., a reporter Of the HERALD called yesterday
o. s Se aDa s rta N
with Mr.. Walter b, Palmer its President, and
Mr.. Bernard smyth Its Vice President. The inter-
REPoRTER-I called to see you In regard to the
statement published in this mornings HERALD to
Correction would be compelled to close the
Inebriate Asylum, some hospitals, the Free Labor
sand hscauss s1e ne Smnrro,eT wnn1 0t aFas
old claim of $25O,0OO, which was In discussion be-
tween the Tenth National Bank, the commissioners
OF Charities and Correction and the Comptroller.
THE INEBRIATE ASYLUM.
Mr. PALMER with an astonished look)-why, sir,
what have we got to do with the Inebrfate Asylum
Commissioner What have we to do with pr0vid-
ing for hospitals or free labor bureaus
"NONE WHATEVER"
REPoRTER-Then the Tenth National Bank Is not
In difficulties
Mr.. PALMER with supplicating expression)-
Now, please don't lug that thing into your '1n-
terview." or course the bank is not In difficulties
doing an entirely new business. Il is useless for
me to state that no bank can be on Q more solid
foundation. l hope you HERALD folks are not
going to make sensation out OF nothing.
THE REPORTER'S DUTY.
REPORTER| have only called to ascertain some
facts Of great interest to the public. That done
Mr.. PALMER I'm decided manner)-vcry well,
then. You can say that this matter between the
Commissioners Of Charities and Correction IL now
in process Of speedy settlement.
REGENERATION your bank did advance $250,000
eve ARE GOING TO GET OUR MONEY"
Mr.. PALMER-Certainly and we are going to get
II back This bank has had no disposition and has
not now any disposition to embarrass the Depart
this city, All we want 10 to get our money back,
and will tell you that 1t is probable that we will
get It all back tomorrow Thursday, as We are
now IN negotiati alton for that very purpose =.
merely receiving back what o city department
owes to 1t and what was loaned as business
natter
MR.. PALMER FEELS GOOD.
Mr.. PALMER with brilliant light In his eyes)-
That Is 1t exactly You know all about 1t now. The
whole matter Will be settled to-day good humor-
edy) That ls all right, is 1t not ito Mr.. Bernard
Smyth Vice President)Y
Good day, gentlemen"
Mr.. BMYTH with a smile that was childlike and
bland)-It Is all cOrrect-ust as Mr.. Palmer states.
The reporter then babe the worthy President aud
the worthy Vice very good day, and the inter-