Evening star. [volume] (Washington, D.C.) 1854-1972, 1873-09-27
THE SITUATION IN WASHINGTON.
The Washington city savings Bank.


Yesterday afternoon MIR, W. T. MattingIv
fled in the Equity Court bill for Germond
Crandeu agt. the Washington City Savings
Bank for the appointment OF a receiver. The
complainant In hiSbul sets forth that he believes
that there are about 600 depositors in the bank
70 the amount of about S7O0,0 900; that the said
bank Is incebted 20 him in about S2>o: sud that
he tiles this bin ia the interest OF himself aud
other deIositOrs; that, in consequence OF the
panic, they the bank have paid out about
S5oo,0o0, and % do 50 were compelled 20 seu Sc
cUrities az great loss, which has 50 impaired
us assets as 10 make IL iusOlvept and unable %
Ray its depositOrs; that the contract was 10 nay
them on call, according % their ltae baukr.l
bylaws, but dtsrega rdiug said contract on Sep
TENDER -5th' they notified depOsitors thai "A
notice of G0 days Of intention 70 Withdraw de-
posts would be required, and, in consedu ence
OF the failure Of the bank TO pay checks, a large
number have been protested. He therefore asks
the appointment Of aryceIyer TO take charge OF
the Assets and property and convert IL into cash
and make from time TO time report 70 the court
depositoTs.
The summons was served late yesterday, ana
Ir. Kun hlod his answer, admitting the a,iaLa-
ions 10 be true, ana expressing his Willingness
Uhat a proper receiver be appointed; that the
property and assets, under the direction and
control OF the court, may be divided eluitahly
and according TO law among the creditors.
The court, Judge Humphreys, made a decree
appointing VIM. T. MattIugley, the receiver
and fixed the bond at 100000, which Mr. Nj
Immediately filed, and took possession OF the
bank.
THIS institution was chartered by Congress
harch Sth, 1851, but on the Sth OF February last
Il was reorganized under the general incorPOrs-
ton act Of Congress (sectlon - OF March 5th,
$40. the amount of capital stock being $1,000
IN SEQ shares. The trustees are George {. Hen
nlng, Zephaniah Jones, T. j. Gardner, George
*. Ruff, VIM. BRYAN, John 4. Ruff. C.. A ZI5n-
norman, j. c. Mckelden aud Thomas Francis
THE POSITION OF MR.. cRANpEII.
The following explains the true position Of
SIR. Crandell in reference TO the appointment
of receiver for the bank:
WAsHINGroS, ID. e.. Sept. p. 1S-9
Mr.. Germolf CrGBdsi-Dear Sir. Understand
ing that some OF the depOsitOrs Of the Washing
ton City Savings Bank have cast reflections
uFOn you a. being the cause OF the suspension
OF the bank 10y reason Of the suit instituted in
your name, for your benefit. have to state IN al
you acqulescsd in having the suit brought in
your name at the special request OF Mr. Eu,F
he deening such course a. best for the inter
est OF the deuositore, a. II uuqlestiouahIv Wa.
IN an that has been and will be done ths well
fare Of the dePositors o. the bank was ami " Il
be alone consulted. Yours. very truly
W. +. MATTINCLT, Receiver.
THE CONDITION oP AFFAIRS TO-DAY.
This morning notice was posted on the door
Of the Washington City Savings bank stating
that paper maturing to-day would be found al
the Bauk OF Washington next door. Nj. VIM
+. Mattlngly, the receiver. took possession OF
the bank tins morning. and legan his invest
cation, being assisted by the clerks of the banS
Mr.. Kun did not make his appearances t1-tfav
being completely Frustrated by his miSfortupeS
and Is under medical treatment. When a re-
porter OF L he STAR called on him tins morniug
he was sleeping, and his physician had given
orders mat ne must see 10 one IN relation 70 the
business OF his bank.
Mr.. George G Henning, who Is president of
me board oil directors, stated TO q STAR reporter
this afternoon that the directors were pleased
with the appointment OF Mr Mattinglv as re-
ceiEet ana had every confidence in HIM. He
SAID the immediate cause Of the sixty DAYS no
ice was the inability Of the bank TO realize on
its government bonds ana that the second ran
on the bank on THURSDAY morning last va
caused by a rumOr which got around town that
the bank lad lost heavily by tine failure Of the
New York firm Of Hewes & Macy How this
started be did not know, As the only foundation
for II was that the Washington CITY Savings
Bank had been in corr5spanfence with fhe firm
named, but really had nothing on det,osit vy;fb
them lie was confident depOstOrs would lose
nothing; in fact, he knew from a stataneDf
which Mr.. Run showed him on THURSDAY morn
ing that tie assets OF the bank We're afnuly SUI
hcient to pay all demands. Tie IL OF the opinion
that to-day will close the financial excitement
and believes that 10 be the general op;nion
among financial men.
The directors Of the bank arc Mcssrs. George
Z. Hennins lpresidentl, John {. McKeljen.
John 4. Rut (treaSUrcrl, Thomas Francis C.
A. Zimmerman, VIM. Bryan, George K. Run
Iephaniah Jones, and Thomas l. Gardiner
Mr.. John a. Euf owned 81 600 "a controlling
interest) of the capital stock, and on Thurs
day, as be told STAR reporter, added = 900
more.
Mr.. Mattingly informed a gentleman Tn.
morning that he was Convinced from A cursar-
examination that depOsitOrs would lose little OF
nothing, and that he should take time and
would not allow the securities 70 be sac-i.. caE
A small crowd fingered around the bank All
day, and hundreds OF inquiries were made for
Mr.. Run, and also for Mr.. Ma:tingiv, the re-
ceiver. a number carried check books and re-
NAMED Tor hours hoping that through some
provldenual interposition they might be able %
draw ont their deposits. The crowd was orderly.
however, and but little feeling was manifested
FAINT. Washington a Go.
Mr.. FAINT, of the suspended house Of FAINT.
Washington & Co, is quite III at home, ami was
not at the bank to-day. Colonel Washington is
more hopeful, and says he has no doubt that in
a short time they will be able 70 resume. He