New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-09-24

-. that NAV be converted in fifteen minutes, ana
oo IN cash. an amount total which their entire ior'o
would find difficulty in paying out In many days
BANK SAVINGS.
The Rank for Savings Of the CITY OF Ne"-i - -
BIceckcr-st.. besieeed throughout 'ne uo ~ A.
Aenositors and paying, they continued 70 co. d" o
apas even 70 the settlement OF accounts III sum
~ money was necessarily paid out 'ioio e.0'
however a want OF the eNctement St'e"ui"e ' ~
~ ss,nr,av and Monday; indeed, fair proportion OF
,hose visiting the bank with the intention OF drawing
,nr aenosits returned without doing so, assured by
no sDcearance of things Of their security. The reply
II the controller to the oftrepeated question: are my
earnings safe Z" that "They werei still. take them
Won want them" deferred many drawing lRrHe
n,,ority OF those drawing yesterday were women
many OF whom from appearances, would not be cred
sad with any great surfeit OF this worlds goods'
cot whose bank account was quite large. With the
money once In their possession many seemed at loss
% know what do with IT, Every one IN their imneui
ate neighborhood seemed looked upon as an eV ehar"o
Ger and the money quickly hidden from sight one
woman very scantly dressed. though ADVISED 10 the
contrary drew her account Of nearly $1,000 and WIN
tear depicted on every feature hurredy passed TO the
topt door But the gaze OF the crowd OF iders upon
the outside was too for her, and she as hIleuV
returned to receiving tellers desk ana opened
new account SO 10 was with many Others VINO merely
drew their money appeared, 10 satisfy themselves
4hst 10 was actually the bank. and then returned IT,
,boneh FORGETTING the interest about due. IL is under
stood that authorities viii not place any restrictions
n the drawing Of moneys, but will continue their pres
cut course. . ,
/ Hanes, the President of this institution, said
tst they had since the excitement began paid in fun
every depositor who demanded money up to p. m.
Monday night and that at that hour they had paid one
.depositor $500 "To-day, however" said he 1.-THE
directors reluctantly passed resolution 10 avail them
elyes of the days time allowed by law in the case OF
srms over $780, They had paid Monday
ataOOo. and yesterday the amount, he thought.
would not exceed $4,000, which was not
oneiourth paid out by them daily in ordi-
nary umes Yesterday large number OF depositors,
mostly OF small amounts, besieced the doors early in
the morning These, however drew much lighter than
Che rule and It was noticeable feature that nine out
of ten were unable 10 sign their Inside the
clerks were busy tearing the wrappers of from huge
ukaes Of greenbacks from the Treasury and extra
paying teller put in order 10 satisfy the crowd
As soon as possible. At lis in the afternoon
che street perfectly clear of depOsitOrs and the
crowd inside was diminishing rapidly. This bank had
also in midst Of the panic purchased 100000 worth
OF Government bonds and paid cash The Treasurer
pa that the bank had made by those depostors draw
ing out their accounts between 5000 and 900, to the
advantage OF those who had ut to let their money
Iemain.
AZ the Manhattan yesterday. everything was quiet |
and Edward schen, the Treasurer stated that their
drafts we're not average business and that |
many times during the day there not single per
son In bank besides the officials and employees. They
had paid full from the beginning, and the amount paid
yesterday would not equal Onetenth the sum drawn
the day previous All their financial affairs adjust
Ing themselves properly to their agreeable surprise
shey expected trouberom the indications Of Saturday.
GREENWICH SAVINGS BANK.
C. Gilbert the Treasurer of the Greenwich Savings |
Bank, said that aInumber otisma accounts had been
eug
bmes though there had been and they had paid
D. full whom asked to do About SEQ 600 PAID out
on Monday. Yesterday, hour before closing the
BmOunt did not exceed $1,000 and there were few per
tons the bank. Ordinarily in busy times they had
pad out four times that amount
GERMAN SAVINGS BANK.
At eight o'clock yesterday morning solitary woman
was seen sitting on the steps of the German Bank In
Cnion-square, and hour later she Joined by half
men, who waited patiently until the doors were
opened This bank has not availed Itself Of time, and
Ssversl Of the learning that they could have
heir money preferred TO let it remain rather than lose
xhree months interest Monday" said Theo. f. Buck
the Treasurer. ave had q deposit Of $4,000 Some
have been closed, for among 10000 depostOrs
some will be foolish enough like these"
FRANKLIN SAVINGS BANK.
The Franklin Forty secondst and Eghthave., also
Resumed the payment Of small amounts, yesterday, and
NI in this unless the panic returns,
anticipate.
President Richard II. Bull said that there had been
few persons III this Bank all day and their deposits yes
lerdsy would he thought nearly equal their drafts
NORTH RIVER SAVINGS BANK.
The North River Savings Bank, Thirty ourth-st and
Eghthave.. began yesterday to pay in small sums as
The demand light although they had previously de-
rided require the thirty and sixty days notice, &C
rording rule One OF the teers said that they
.Nn,..
the present quiet condition Of affairs. but should
avail themselves of their first determination If there
sby prospect Of the repetition Of general rush.
1910 OTHER SAVINGS INSTITUTIONS.
At most Of the other savings banks there was return
10 the usual business. The ATLANTIC was paying all
demands OF SOO. and larger sums when necesssry and
ths taken at the Mechanics and Traders
Savings Bank The New.Amsterdam was meeting all
Demands which did not much exceed the usual amount.
Hhe German Uptown Bank free from the run OF
Monday through adopting the requirement OF 80 days
ustice In Oh cases. The Teutons Savings Bank, on |
avenue A. was somewhat pressed on Monday. but its |
uepositOrs recovered their confidence yesterday, and
beld back The Freedmans Savings Bank, on Blocker
si was quiet paying out little money and receiving
many deposits.
The Clinton Savings Bonk. Eighh-ave., has from |
che outset had no trouble depOstOrs anxious 70
withdraw their accounts, and was yesterday opening
humber of accounts. o. r. Smith the secretary |
bad that everything was as quiet is Suhuag tucIo
This was also the case with the Trades Savings Bank on
twenty third-st The Metropolitan and seamen's Saw
ings Banks have required the 80 DAYS notice for sums
over 500 and 90 days for sums over $500.
The Mutual Benefit, Nassau-st, also adopted this
rule and was visited by few depositOrs yesterday Thus
The seems lessenng, and all the savings
Institutions in the city are confident that there will be
20 repetition Of the panic while Of the depositors
beginning regret the loss Of the interest on their
money. which will considerably benefit the banks.
Tue arrangements OF Superintendent Matsell TO keep
order at the savings banks upon which runs" were