The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-01-17

The Run on the Third Avenue Savings Bank
Slow Payments but Slight Decrease in Num-
bers Yesterday Growing Suspicious Of
It's Insolvency-A Detailed Exhibit
of the Banks Affairs Demanded.

At three O'Clock yesterday the twelfth cay OF tho
run upon the above bank ended, with no better
prospect for cessation Of hOstities than when the
first charge was made. on the ID Of January, by q.
frightened but well behaved moi Of several hundred
people, whose hard-earned savings were locked up
there. When the doors were opened yesterday
TWO HUNDRED AND TWELVE
depositors about the building, Ill Of whom had
been adml tied the side door on tickets, fftyone
without tickets, and about hfty were without.
Drawing the storm and cold In anticipation OF
getting in. The interest clerk, Mr.. Seaman took
the paying teller's desk, and slow progress was
made, the average for the first two hours being
about eighteen payments per hour. Mr. Seaman
was subsequently replaced by Mr.. Weeks, who, for
some time paid much more rapidly, ands the latter
portion OF the day the active manlpulatOr Of
FEDERAL CURRENCY,
Mr. Spenser, served the people quite satisfactorily
and cOurteOusly. During the i've hours OF the day,
from ten to three O'Clock, sixty-nine persons were
paid and about twenty-0ne extra books making
total books paid ninety, or at the rate OF eighteen
per hour for the entire day. Tne rate OF payments
the previous day was twentyo per hour. When
payments stopped there were
NINETY-THREE PERSONS UNPAID,
and tickets being issued to them the gentlemanly
Actuary, Mr. Tuthill, mounted chair and an
nOuhced that they would be admitted by the side
door at half past nine to-day. AS there were eight
extra books the payments to persons holding tickets
to-day VIII he 1Ol AS certain unenterprising
papers persist In declaring that the run has ended,
the above figures are given that the public may not
be deceived or, TO make 1t more comprehensive, the
numbers are thus accurately detalled:-
Admitted on tickets issued on the 10TH ..... III
Admitted without tickets yesterday. 81
Total admissions yesterday. ................. l62
Palu during the oay........ oS
Unpaid, and tickets issued for to- day. ...... 9S
Among those who Deseged the institution yester-
day were many persons who had already drawn
their principal ana now
RETURNED FOR THEIR INTEREST.
President John Ii. Lyon circulated among them, and
informed those who were after interest that they
were acting unfairly III crowdtng the bank aud
vored TO Obtain their principal The result was that
many retired from the lines, but about fifty renamed
The class OF depositors yesterday in attendance
indicated men and women OF large means, and
many 5me snum M ran up INTO 9e 'nUn
has been III the line almost daily since tile "a. and
yesterday left with his money and the remark.
"Don't speak Of my perseverance, This IS the
twelfth day have been after my money. have
got 1t, and am satisfied" number OF the with
drawals yesterday could be better calculated IN
ounces than in number OF bills, anu one or two
reached into the poNnds.
the feeling OF the depOsitors continues to be Of
SURROUNDINGS IN THE INSTITUTION
and its STABILITY. This has been increased by the
failure OF the trustees out manfully and
clncly detail the character OF their securities ana
their actual value on the market Some depOsitors,
more intelligent tnan others, whisper the BELIEF
that some Of their savings nave been invested In
deprecated Southern stocks; out these surmlseS
cannot be verlned except ny the trustees.
the run upon the bank has been the most remark
able that has occurred In this city, and II the
trustees prove their sovency and their right to de-
| serve the confidence or the thousands VINO save,
much OF the money recently drawn out Will find It's
way quickly back TO It's Golfers, and the bank VIII
become one or the most SUBSTANTIAL In the city.
This can only be done by
FAIR AND HONEST STATEMENTS
that 1t IS the duty or the trustees to make, ana
falling, the duty OF Bank superintendent Howell
to insist upon securing.
There are strange stories told by the friends OF the
bank regarding the Tarrytown property. which the
trustees In their statement reported In the market
Mt 81 800 per acre. IL was stated on Monday TO a
HERALD reporter that the trustees had FORMED q
pool to buy 1t, bat taking legal advice they found
themselves debarred by the law and the offer to
purchase finally came from Mr.. Warning, partner
OF Mr.. LARSON one OF the trustees ana c0uDsei OF
the bank. Mi. HARRISON, on being referred to- most
emphatlcaly contradtcted this story. so far as mis-
law partner Is concerned. As the trustees ana all
the attaches OF the institution with the exception
tective Lea avoid the reporters It was yesterday
impossible to learn whether the property had been
sold.
The police, under Captain Cameron Sergeants
Rooney, Gr0o and Randall, and Roundsnen Schultz
and Philip are daily IN attendance, protecting the
tain CamerOn's men have been 30 completely eX-
hausted by continuous duty that details from other
precincts daily report for duty; and as there Is
bare probability that the run Is likely to continue,
the Captain is considering the prOpriety OF asking
the commissioners to rent building In the neigh
bOrhood temporarily and establish sub precinct OF
police, where the men can be lodged and fed until
the end comes.