New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1872-02-02

Through my personal efforts since the suspension
have secured from personal friends the release from ne
nositors To the amount OF s2 which will result 10 the
benefit of the remaining deposors ana S ni m
Roche and myself have. from our private FUNDS pald ~
depostors whose deposits were slO or under III lsh'
except about sgDO -. A.. -, :. o..-o,o.
cannot exceed sl773 IS and may be largely reduced ~
the sale of the real estate which Is put III 10" hhuro "
Whatever deficiency may exist upon the winding mp OF
the affairs of the bank by the receiver regard ny hSu
as liable in common with the other trustees, TO make
good nv proportion, and shall so DO Whenever tIat
de0 When has been published that loans were
TO unknown persons whose cannot be ascert9nc
without nv knowledge, suspicion, or authority.
Twenty-Five years OF my life nave Deeh sIsht IN we
First Ward where most OF the deposOrs reside, 10 the
greater portion Of whom am personally known, ana
during that period my character Tor financial in1d
no one who has known me will attribute to me any l
eHtton with which have been connected Nothing
in nv business life has given me SO much pam ~ tne u
tSe occasioned by WILDE but temporary
and shall spare no efforts to secure payment m lui 20
each every deposor at the earliest possible mo
ment Respectfully, hEAhi SNiIh,
en-Iork, Feb. !, 1874
Mr. SMITHS VIEWS
Mr. Smith stated 10 representative Of TIL TRIBUNE,
Yesterday after the above had been prepared that the
slowness In settling the affairs OF the Bank had mainy
arisen from the enforced delay converting bonds and
mortgages But for the hard time savings banks
having there would have been difficulty In turning
the $4,000 OF bonds and mortgages into cash at once
OF good loans He believes that the real estate
part which is situated at Carmausville and along
the Bouleyards, Is estimated at very low figures
aud is likely TO be sold If little time is given, for much
than the amount at which 1t is set down These
three items form the principal amount OF the assets
and he believes each TO be absolutely good though il
put up at auction or driven TO forced SHE IN order 20
immediate payment OF liabilities, great sacr
fees would, doubtless have to be accepted.
wholly to the hem matter and believes that IN FEW days the
receiver will be ready TO pay 90 per cent to all dcpo
paratiyely slight before at least opcr cent OF the in
positive in his assertion that every dollar " his prop
erty will be held meet any deficiency that may arise
every dollar due depositors will he paid
THE MARKET SAVINGS BANK-A REWARD or
FERED FOR CoNKLNs ARREST.
A special meeting of the Trustees of the
Market Savings Bank held YESTERDAY the Vice
President, c. l.. Godkin In the chair. The following.
offered by Elias J. Beach. unanimously adopted:
Resolved That each OF the Trustees this institution viii ray the
sum o. ~ 81 ger S ILL., II ne MALT 1 s R ,S Dss
treasurer Of that hnd
There are IA trustees 50 that the reward offered for
the dcfaulting Secretary will amount % p 200. IL ~ said
that the detectives engaged In the search have IN their
and only preyented II is said from starting after
nm % cre M penn has M 70 Tie present , t"s
paid the expenses VI the officers from hir private
purse The Executive Committees OF the D~positors
nave yet Prepared their report. but bus,y at
work upon IT, They are investigating the subject OF the
Banks call loans ana securities, aDu other matterr
clear understanding Of whrh IL necessary IL make
Trustworthy estimate Of tho amount which will finally be
saved for the deposiOrs. As the Investigation proceeds
evident that the estimate the fiuan-
cal condition of the Bank Was far below the trath.
sheriff Kerr seized, yesterday, the personal property
~ Henry L. Conkljn Ut Milton. near RondoNt al
attachment issued hi Judge George C. Barrett on an
application OF james Dennis Receiver OF the Bank. To
s'lsy eiam vi sl2jCO), the amount Of Conklins de
hlc.t.on. II consists oi farm property and valuable
blOOted horses and ra.tlc.
The ran on the Third-ave. Bank Ia evidently draw
lHg close. much larger amount depodted
yesterday than drawn out. and not more than 70
persons az any time waited outside ~ dsnsas meat