The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-01-23
THE sHAKY SAVINGS BANKS.


Great Indignation Of the Depositors-No
Statement to be Made Until Friday Next.
large and sorrowful looking crowd Of deposit
ors OF the defunct Market Savings Bank assembled
in the Railways OF the institution yesterday morning
TO discuss the probability Of their ever being able to
save any Of their savings which had unfortunately,
been entrusted to the care Of the above
named bank. The depostors were OF the
motley variety that usually assemblies together on
such occasions. There were old and totterlng
women and gray-halred men. as well as many
spruce-looking merchants, and even ''children
under twelve' were there Also In the vain nope OF
obtaining at least portion OF the hard.earned saw
ings that mad Deen
PUT AWAY FOR A RAINY DAY.
One old man, with white locks and wan and
faded cheeks, was signing over his folly
In having deposited his savings In the
Institution only last Thursday; while another
depostors cursed his credulity by thinking the
bank sound because IL paid up bal
ance OF $s7 due one Of his friends,
thereby inducing him TO deposit $1,000 In the
bank, which remains there STILL Numerous interest
ing instances were related during the day by de-
poSltors to how they HAD been induced to enrrust
Their savings TO the bank but 1t would require col.
unnS to recite thenl
Inc prospects OF the depostors for the recovery
OF the money Que them were discouraglng indeed.
The creditors or the Institution met by closed
DOORS and the same announcement which appeared
Oh saturday, that The oank was In The hands OF u
receiver The doors Were locked ana no one. save
the officers OF the bank allowed 10 enter. Upon
one OF The doors a HERALD reporter gave q NUMBER
OF loud raps. Presently it was opened just far
enough to allow OF some one insides
GOING ONE EYE ON TIE REPORrER
The door was tightly held, however. and could
not be Judged another incn, not even enough to
al inc ths asSe ameuns Of
ton was gained that the receiver was getting up
not at all satisfactory to the assembly OF depositors,
who Immediately organized an Indignation
meeting in the nall and on the stairway. Alter
considerable discussion 1t was finally resolved
10 call meeting OF the deposltors to arrange plans
II possible, TO bring Inc bank officers TO terms. 1t
Is proposed by the depOslt0rs to have the present
receiver set aside and a new one appointed. They
proper person 10 oficiaie as receiver. Besides It
looked rather suspicious that his surety should be
the Of the nank instead 81
the whole affair Of the appointment OF the re-
celver as
puT-uP JOB
which honest men would not have been parties to.
TIE officers OF the bank are called very uaconplt-
mentary names by the creditors, who threaten all
sorts OF vengeance upon their heads. SPECTATORS,
Rlso, were on hand, as usual, Offering 10 buy up
books; but the deposors generally refused 10 sell,
preierring TO wait ana take their chances As mat.
tcrs stood last night there was no prospect OF the
creditors OF the bank getting their demands salts
In connection with the failure OF the Market Saw
ings Bank Messrs. Henry A. heiser's sons make the
following statement regarding their responsibility
In the premises-
NEW YORK, Jan. %, 1872.
To THE EDITOR OF THE HERALD
We wish 1t to be understood that most emphatcally
deny the statement made in the different city papers In re
ton to connection with the transactions Of the officers Of
the Market Savings Bank full of all
tons with the officers of that bank viii necessarily made
public at the proper time HENRY A. HEISER'S SONS.
The Market SAVINGS Bank in Bankruptcy.
A petition In bankruptcy was Med in the United
States District Court against the Market Savings
Bank by several OF its depositors, on January %,
1872. The ground for institutlng the proceedings
Is the appointment Of the receiver under the STATE
law.
petition was also fled on Saturday last by Mr..
Bumenstel, as attorney Tor Aaron May, against the
Bowling Green Savings Bank. Mr.. May Is o de-
pOsitor TO the amount OF So l36.
Both petitions are returnable February 3, ct
eleven O'Clock A. M.