The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-03-30
A BANK ssSMASH,, IN NEW HAVEN.

Judging from the New Haven Journal and
Courier OF yesterday, the suspension Of Scranton
Co., of that city, Is likely to bankrupt many per-
sons including small tradesmen, officials and poor
minister's
The excitement in reference to the suspension
of the above firm increased yesterday owing to the
non appearance of the promised official statement.
We saw Mr. scranton at the bank yesterday noon,
and he informed us every effort was being made to
ment, and that 1t would probably be gwen
to the public on Monday. A general dispo-
manifested yesterday, though many were still
confident that the bank might turn itself
may come out OF the ordeal unframed is the sin.
cere wish oil all. Meanwhile, with trepidation and
in many cases intense anxiety, the result is
awaited. Scores have their every dollar In the
bank. Many individual accounts are large, IN some
cases amounting to thousands OF dollars. The
bank Is responsible for funds belonging to esJates
to charitable institutions to religious societies, to
widows and orphans. Our citizens have had the
utmost confidence in the bank, and deposits have
IRON every branch OF business and trade. The
popularity OF the bank has been wonderful. De-
posits have been made lavisEly without shadow of
thought OF possible evil, such has been the I'M
bounded confidence reposed IN the firm and its
been great, and now that the suspension has &C.
CURED fear has entered o thousand households.
The allabsorbing topic on the street is the suspen
sion. Every one has news to report OF neighbors
or fellow merchants or other business men who
have money deposited. In every hotel, in every
sion il discussed One young man, a city Official
has $500, his little all, in the bank. Another city
Official, has $225; another, the chief o0-
cial, $500 odd. town official has 81, 900,
his all In the bank. merchant who lost
heavily by fire not long ago, has, 1t is reported,
$1,000 or $4,000. clergyman had just deposited
his half years salary. school official has $1,000
money to pay for house being erected. Another
a resident ON Court street, $4,000. An ex-Judge
of the City Court has large sum in trust A State
street merchant has large sum remaining from
the defunct Home Insurance Company, deposited
by him as trustee. An ex-army officer has 81, 200
prominent grocer, several thousands; q druggist
firm, $4,000, part OF 1t money belonging to an es.
tate. The Grays have their monumental fund
there, about $45o the Nash street mission, its
funds about $3.50; merchant tailor, 50, 500;
clothing house, 5000; grocery firm
would be a long task indeed. Others are deemed
lucky ones because they drew out funds Just before
the suspension. One livery stable dealer drew out
$1,000; State street firm, 5000. Numberless are
the rumors which ny about, many OF which grow as
New York was discussed. Reports widely varying
to the nature and result OF the GRAND were cir
cuated. Rumors Of past complications were dis
semlnated Every 0f1icer OF the bank was imp0r-
tired with the strain, was Obliged TO give frequent
interviews. When urged to make a statement he
replied that he wished to refrain until he could
make one which would be definite and correct
IRON heavy depositors and heartfelt sympathy at
his situation. Deposits changed hands yesterday
and the night before, nifty cents on q dollar being
paid In some cases, in others sixty and seventyhv
reported purchased 81. 900 more at fifty cents on
the dollar Mr.. Beach, attorney Tor the bank, was
interviewed by depositors, but he assured them OF
his utter inability to state the banks condition.
Meanwhile the denoument Is awaited, and as we
have before stated, all wish sincerely the bank
may emerge unsCathed.