The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-01-14
Is THE BANK ROTTEN?
Eleventh Day Of the Third Avenue Savings Bank
Run-slight Increase in the Attendance-A
Statement Of Its Condition at Last-A
Surplus Of Over sl12, 900 Claimed
Interest Due Tomorrow.

The run upon the Third Avenue Savings Bank has
now dragged itself along for eleven days, with very
little indication OF abatement, judging from the
number who were present yesterday. At fifteen
minutes after ten there were without l3s aud
within the building 1853. Paying was for little
while conducted at the rate OF about twenty
books per hour. At half-past eleven there
were more let In, and again at thirteen
minutes to one an additional number leaving
without about thirty. At minutes after one the
sign was put out:-"As many inside as can be paid
before three O'Clock, ;" and few lett disheartened
and sought their homes. Later In the afternoon the
balance were admitted, as vacant space mad been
made by those paid. The following Is the time
taken for payments covering nearly naf an hour.
There were nine books and seven persons. Tue
time Ii minutes ana secOnds:-lst, 2:o4; "a anu
3D. 900; 4th, 3ll; 9th, 247; 9th, 800; TIN, 100;
sth, 2:4o; 9th, 800. Total time for nine payments
twenty Eight minutes and fortv-six seconds.
About noon young girl was found crying In the
line, and Roundsman Shutz on lnquiring the cause
learned that her sister, residing at Greenpoint had
died ON Friday, and she wished to get her money
out OF the bank TO bury her. She was fpmitfed and
placed IN the line In the evening Sergeant Rooney
represented the case to President Lyon, whose
sympathies were enlisted, and she was called out OF
the line aud paid $50. Her name Is Ann CroWney,
a servant at Mr.. Moran's No. AS East Flty-seventh
street. -,
played:-
Interest payable on and January 15 Interest not
will be added accounts and bear interest from
January l.
| During the day, seven hours, including the night
payments there were l04 paid and LAT JlckeLs were
| issued for Mondays payments. The run yesterday
was slightly III excess OF the previous day. Al
the deposltOrs are entitled to receive their In
terest and after tomorrow IL Is likely that those
VINO have secured the principal will return for the
| interest, and the attendance may be larger. The
amount paid out alter the tickets Of yesterday
| exhausted Is likely to be smaller as many who
| come Tor small sums OF interest will get In ahead
| OF heavy depositOrs who have not yet been paid.
| The trustees announce that they can pay every
| dollar that the bank large surplus, and tnat
they have an offer Tor the Tarrytown property (Which
It was charged Dy Its enemies mad been put IN their
assets at 100000 more than Its vaueh that VIII
establish the correctness OF their apprasement Last
| evening they presented TO the reporters the fol-
lowing statement OF assets and liabilities that
brings the financial condition up To the lst Instant
1t Is copy OF their Official report to Bank Supern
tendeut Howell. IJ will be seen that 1t shows sur
plus OF Sll2 OCT A, and they declare 1t July estab
fishes the ability OF the institution to meet all ITS
Obligations They express the belief that when 1t Is
known by the deposltors the run will cease. The
following Is the