The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-01-12
HOw SAVINGS ARE SAVED.


Win the Third Avenue Bank Weather the
Gale "A Plucky Craft and Plucky Sailors
Scenes and Incidents-The Bank Still Pays
Dollar for Dollar-How Payments Are
Made-Are Depositors Protected
Yesterday was the ninth day OF the run upon the
Third Avenue Savings Bank, OF which John ii.
Lyon is President, b. W. Van voorhis and W. d.
Bruns Vice Presidents, and Messrs. s. X. Green,
william A. Darling, James Stephens. William b.
Harrison, James owens, William d. Bruins. a.
Stevens, Daniel Bates, N Terpeny, John Il. Lyon,
Hiram M. Cool James M0nteth, B. w. van
voorhis and George L. Haight Trustees The at
tendance was larger than on the previous DAY. Az
nine O'Clock the previous night the depostors COM
menced to collect and at midnight wide'awaKe
policeman counted thirteen on the steps-this ten
hours before the bank was announced to open. Az
halfpast nine yesterday morning the solitary
THIRTEEN SENTINELs OF THE NIGHT
had increased TO over two hundred Of both sexes.
At that hour seventytwO were admitted by ticket
at the side door. At fifteen minutes after ten this
number was swelled by Sergeant Shultz, VINO ad-
mitted Sufficient to make one hundred and sixty-one
within the building. Payments commenced, and
the first three were paid In fifteen minutes. AT this
time there were without seventy-fOur persons AT
haifpast ten the number had fallen to sixty; at
fortytwo minutes past ten the outsiders had rallied
and tailed eighty. As there was no nope OF
getting in many of tine frightened depositors
made large offers to the police to advance them
IN the line but their hopes were blasted By fat re-
fusals. At ten minutes to twelve O'Clock. when
there were without not more than fifty persons,
the wornout porter of the bank, Mr. James Cornell
pasted up the paper sign, ''Tnere are as mana
within the bank can be paid before three O'Clock.
The bank will be opened at ten O'Clock A. M. to.
morrow" The people looked at the bulletin, old
ladies and gentlemen adjusted their glasses to get
the proper focus to enable them to read 1t, and,
failing, appealed to younger eyes, Within ten
minutes every one In the line was aware OF the ru-
tility Of waiting, and few moments later there
were not more than twenty-five outlookers remain
Ing. This number was without until the close Tor
the day, at three O'Clock, when count showed that
there were during the five hours OF the day
ONE HUNDRED AND ONE PERSONS PAID.
This was large increase upon the previous day,
and Is accounted for by the fact that not one in
twenty VINO were in line had more than one book.
The HERALD reporter timed Paying Tellers Meeks,
Seaman and another whose name could not be
ascertained at stated periods and the payments OF
books ran from three to seven minutes each. While
the unknown" who has slight cast In his eye,
was paying for half an hour the payments were
quite rapid and his polite address sent each poor
| man, woman and boy his or her way with
money rejoicing. Indeed, 1t Is proper to say that
oil the paying tellers are polite, put during the
won many encOmlums from the poor VINO were
brought In contact with him.
| The above is briefly o synopsis OF Yesterdays
| work ut the bank, but there were so many
| SCENES AND INCIDENTS
| ana so much gossip that the faithful chrOntcler
cannot pass them over IN a paragraph.
| THE DODGEs OF THE DEPOslTORs.
The expose OF the tricks or the depOstOrs as given
l n Ia rs
OF all parties who desire 10 tralic In the savings OF
the poor At nalf,past twelve O'Clock lazy, the
on being challenged by the officer who kept
the SIDE door remarked, ~ am de-
receiving teller's desk. Mr. Tuth, actuary Of the
bank, called "a deposition p The lady was politely
throng. At haltpast TWO the lady made her exit
past the reporter and the editor OF Westchester
deposit IN the bank, or had drawn out funds. MIR.
Lyon the President did not have detectives on duty
drawals were not very large one lady. at halrpast
one presented three bank books, the first OF winch
T inc Spo9 ana ana sS n 6e
money IN the presence OF reporters and the police
Passing over many
| INCIDENTS AND EVENTS
may be referred to hereafter 1t IL proper to state
ON Wednesday morning depositor, who was
first IN the line, went to sne reporters and stated
law nad left her Dook IN the bank, and, having d
deposit on his own account, she gave hlm an order
10 draw Tor her. When he presented his book to
| Mr.. Seaman the money was counted twice at one
minute before the closing hour and 1t was not paid
next day yesterday the gentleman approached the
| reporters ana said:-
| PUFF FOR THE BANK.
"You report ers'-the editor OF q stock paper who
had been prominent IN putting the institution was
present-"d0nt do this bank Justice.'
| ''How SO ?' asked u reporter.
| "Why, you say that payments are slow. You
! don't count the payments made In the rear
l hoy ms m in.ln w n
book, and have check on bank Tor the amount.
am going down to get 1t cectined to, aud will, per.
haps, deposit here after The run Is over. That Ii
go to Mr. Tutnill, with a DOCK representing
it@totaI $4,000. Check like mine was drawn by
| MIR. Lyon and he eIt. You reporters VINO time
| payments don'I 40 The institution justice. They
pay more out IN the rear tnan they do to those IN
the ST. 600 Fellow, whose name was obtained, left,
and If the bank weathers the gale, he promises to
| redepOslt.
Passing rapidly over many incidents that occur.
| red yesterday, that would ill columns, the run
may be summed up in few Words
| FUs-The trustees, disregarding the recommen-
| dalton OF Bank Examiner Howell, have not pub
lished statement Of assets and liabilities, and
| pOsltJrs say they dare not.
| SecOnd-Tney mlsrepresent the actual condition
OF the bank, put on smiles, call In loans, and wait
for the end-that may come some time In the dog
Thtrd-They want the press to quiet down the
| excitement but have so far Jailed.
Fouth-A gentleman VINO Will today at an early
hour take his place In the line to receive his cash
one book yesterday openly declared to police
| officer that
| ONE OF THE TRUSTEES
had attempted TO buy his book and those OF others.
| When interviewed by the HERALD reporter he re-
marked that Us he was we'll up In the line and hoped
to get his money to-day he dld not want to make mis-
! statement until alter he had secured IL. For the
| credit OF one Of the trustees, 1t Is to be hoped
that the deposition VINO viii be paid early to-day has
mistaken some one for Mr.. -, trustee.
1t Is the duty Of the journalist to record all au.
| thentc Information, and there 1t ends.
/
PAY THE PIREMEN AND POLIO sMEN.
! NEW YORK. Jan. IL, 1872.
| To THE EDITOR OF THE HBRALD:-
When poor men want favor from some high