davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1873-09-23

The Citizens Savings Bank, Bowery, near Canal
street, had heavy run on it. The bank officers
had anticipated q trouble from the rumors that
had prevailed on Sunday, and had made ample
provision to meet every emergency. During the
forenoon everything was quiet and no particular
nnux OF oepositors occurred. About one O'Clock
in the afternoon the rush began, and In very
short time the spacious offlces were filed with
anxious people, clamoring for their money. The
police were speedily on duty IN and around the
building, and during the rest OF the afternoon
were kept busy In keeping the crowds in order.
Inside, around the paying tellers' windows, long
files OF men and women patiently awaited their
turn to be served. On the seats running along the
walls numbers OF depositors sat eagerly looking
at the expectant files and hoping that their own
chance might speedily arrive. At the entrance
doors the crowd was packed so closely together
that 1t was with difficulty the police onhcers could
keep passage way clear. Other crowds OF sight
seers gathered on the street, Immediately
In 'front.' OF the building. The people inter
ested in the payments BY the bank
were generally quiet and undemonstrattve. A
large proportion Of those who constituted the
.Gswas MA cqps siuply V inquire U ne bsaS
The New York herald., 1873-09-23

run was made upon this institution, in Cham
bers street, by depositors. but owing the timely
presence OF the Very Rev. Vicar Quinn, who helped
to allay the anxiety Of the large crowds
them to retire. The very reverend gentleman has
promised to attend to-day and reiterate his state
ment. Mr.. Hoguet, the President said 1--WE
have paid out to-day about 100000, and have re-
ceived as deposits about $4,000. We hold about
81, 100000 OF deposits, and we consider ourselves
one Of the strongest financial institutions in the
city.v
The New York herald., 1873-09-23

burst in Wall street. ana they have much to learn
about what has happened. Mr.. McCulloch con-
tempated this visit to the United States over
three months ago, SO that his advent at this
moment is not to be ascrbed to any premonition
OF the late disaster. The action OF the Clearing
House had q cheering effect, and the arrangement
with the banks went far towards reassurng the
street OF quick release from the present diii-
culties.
The New York herald., 1873-09-23
East River Savings Bank

The East River Savings Bank, in Chambers
street, paid yesterday all the demands made upon
1t. The bank has at Its command $500, 900, and
paid out yesterday about $4,000 more than usual
on any day. except on interest day. IL was the
opinion OF the bank oflicers that the crisis shall
not a1ect them and they believe the run on the
The New York herald., 1873-09-23
New York Savings Ban TX

run.wa made upon this institution, situated at
Fourteenth street and Eighth avenue, and only
small amounts were paid to dep0sitOrs, q de-
mand OF $500 being refused. One OF the directors
started down town TO obtain $780, 900, and, 1t was
reported, successfully.
The New York herald., 1873-09-23
The Atlantic Savings Bank

This bank has virtually claimed the protection
Of the sixty days law, and 1t paid only in sums not
exceeding 500. The bank officers say they have
$l500O0 In cash and $400, 900 In government bonds
About 81, 900 paid out yesterday to positors
The New York herald., 1873-09-23
Irving Savings Bank.

This institution situated at No. 90 Warren
street. paid out about $4,000 yesterday, but re-
ceived several deposits. There was no perceptible
run on the bank
The New York herald., 1873-09-23
Broadway Savings Bank.

At the Broadway Savings Bank, No. Park place,
business was being transacted as usual. They had
paid out $4,000 up two O'Clock, and had received
propQrtiOnate amount.
The New York herald., 1873-09-23

The Greenwich Bank, at No. IS Sixth avenue, had
a slight run OF about $50 depostors, which 1t
promptly met without the sixty days. notice, but 1t
also received many deposits.
The New York herald., 1873-09-23
Mort h River savings Bank.

A considerable run was made upon this bank
but the President decided to avail himself OF the
sixty days notice, and payments were accordingly
not made.
The New York herald., 1873-09-23
STATEMENT OF JAY COOKE & CO.
NEW YORK.

Holders Of drafts drawn by the undersigned cor
respondents OF Jay Cooke and Co. are referred Tor
honor to the banks and bankers set opposite their
respective names
Drafts drawn against money deposited since
their suspension will be paid upon presentation.
The New York herald., 1873-09-23
The North American Ba X.

During the morning q rumor prevailed about the
street that the Bank OF North America had overs
certified for Individual to the extent OF about
half million. The rumor became rapidly current
in all the brokers'otices, and was commented on
in a manner which presaged no great good to the
bank ITSELF A reporter OF the HERALD called
around at the institution In Wall street, and
waited some time before Mr.. Donaldson the Presi-
dent would give the Information needed regard
ing this defalcaton. He then told the reporter
that Mr.. A. d. Williams had had checks over-certi-
fed to the extent OF S460,ooO saturday, and that
in spite OF being called to make good this def
cheney Mr.. williams had not been heard of since.
In answer to question how 1t was possible Tor
an extent, Mr. Donaldson said that Mr.. Williams
had been an old customer OF the house and
had always been financial man In good
standing; that he had Tor general partner gen
tleman named +. y. James, who was Immensely
rich and VINO was good for almost any sum, ana
that when Mr.. Williams checks were once certl-
fed In this manner 1t was thought that tue money
would be deposited in the bank during the alter-
noon, to make them good. This had not been done
however, and the bank had taken measures 10 nave
the money returned. Already Mr. Wllie'ns
brother had returned $3.50 oOo and the rest was ex
pected within twenty-iour hours. Al any raue tne
bank was In good condition. ana there gas no
trouble other than this. Business went on .s usual
for the bank had surplus TAR above tAe sum OF
the Over-cer rtihcation.
Judge Pancher during the morning hrM issued an
attachment against A. d. Williams, out ne could
not pe tound,. II ADpeags shas pA brotner. NJ
The New York herald., 1873-09-23

This bank. known to be one OF the oldest In the
city. was eagerly inquired liter, especially when it
was made known that a committee OF its managers
held meeting and decided TO avail themselves Of
the thirty days. privilege, in case run was made
upon the bank. Confidence IN the institution,
however, was strong, and nothing of the Kind Oc
cured business being conducted as quietly and
systematically as before the financial trouble
began.
HERALD reporter visited the institution, and,
seeking an interview with the Secretary was in
formed by that ofncer that all day long they had
been receiving deposits and paving out money, but
the receipts were largely In excess or the moneys
paid out, and he believed that the customers Of
the bank so firmly trusted II that the present crash
would not shake their faith, and, what Is more,
added that gentleman, they and outsiders also
know that we have 81, 100000 surplus capital to fall
back upon IN case OF need, but We anticipate moth
ing OF the kind and therefore feel perfectly safe.
The New York herald., 1873-09-23
The Mutual Savings Bank.

The Mutual Savings Bank in Printing House
square avaied themselves OF the sixty days, law
and suspended payments. There was no unusual
rush OF depositors about the building.
The New York herald., 1873-09-23

@. p. Williams. uron the application Of Messrs.
Compton Root attorneys orthe Bank OF North
America, returned enough bonds and stocks
and other good securities to make Qo0d
$250,00O of the sum which had disappeared.
Mr.. Judson Jarvis, Order OF Arrest SHERIFF
For some time after Mr.. Jarvis was around
the money centre, and his appearance created
by those who saw MIN that some big defalcation
had happened which demanded mis- presence Mr..
Jarvis movements were very mysterious, and not
even the reporters, who dogged him from place 20
place were able to find out his designs Many as
soclated him with the return or the $500 by
Williams brother The only mystery In connection
with this Is Where are the other 5000 0O0 and whag
has become OF Mr.. Williams himselfS He could not
be found at his Office in Wall street. nor had he been
seen by any OF his Wall street acquantances yester.
day. The affair created genuine excitement for
time.
The New York herald., 1873-09-23
ASSETS FRANKLIN SAVINGS BANK, SEPT %, 1879

ASSETS FRANKLIN SAVINGS BANK, SEPT. Y, I573
Par Value. CdAh Value
Bonds ana MORTGAGES ........... S907500 $907, $40
United states s. ~ Bonds .......... 335O0 yS605
New York City and County bonds. $4,000 35gl70
BROOKLYN City bonds. .............. 100000 3l5lS0
Oswego City bonds 6llOO 600U
New York State town bonds .... $1,000 37,0O0
Real estate banking house cash in April 1871,
Total assets lS265A
Due to deposors ACKNOWLEDGEMENTS. L787,7a5
Excess OF asse over liabilities ............ 3S79
In conversation with liERALp reporter the no.
tary OF the bank stated that several sums OF SIS
had been loaned to poor women in distress. He
also said that the bank would undoubtedly resume
payment within lew days, when the panic was
over. The bank was perfectly solvent, as the
statement given above shows; but 1t would be
stupid slaughter their securities by placing them
upon the market at the present moment. He said
many OF their depostors had declined to give the
sixty days, and preferred waiting till matters
cooled down, when they could withdraw their
funds in the usual manner.
The,bank was open from five to seven O'Clock
last night to receive the sixty-day notices
The New York herald., 1873-09-23

The Greenwich Bank.

This bank, like several Others Is insisting upon
the sixty day privilege, and very few notices were
served upon them.
The New York herald., 1873-09-23
NATIONAL AND DEPOSIT BANKS.


The general feeling yesterday among the banks
after the scare Of Sunday was surprisingly good.
or all the banks in the city, only one in the after
noon-the Park Bank-reiused to give out green
backs, and confined itself to certified checks. All
others paid in greenbacks, all day long. though
some announced that where the demand for green
OackS was suspiciously large II would be refused
and certified checks gwen That, however, was q
necessity very little resorted to.
The consolidation plan, which was SPOKEN Of on
Saturday, and which Is generally calculated good
one IN times Oflocal monetary stringency, was not
favored much yesterday by houses in good stand
ing-just those ones which could do most In re-
storing confidence. 1t appears the consolidation
would simply have been one In which the sus-
pended banks and the weak ones would have been
aided at the expense OF others, and 1t thought
much better TO follow the other plan-of issuing
loan certificates guaranteed by the Clearing
House and received at the Clearing House as legal
tender, being issued upon good and undoubted Sc
curities The fact that the system worked we'll was
proved by the generally easier leeltng, the rally in
the price OF stocks, Western Union bringing S.
cash, and New York Central selling at par and
other stocks showing like increase, and the
amount OF money on the street--one firm, william
Heath l. Co., lending $4,000 at seven per cent.
The New York herald., 1873-09-23
Security Savings Bank.

The Security Savings Bank, Third avenue and
Thirty-fonrth street, announced at an early hour
that it availed Itself OF the legal right to demand
sixty days. notice from dspOsitors, and in a short
time after this announcement was made the bank
officials were not very persistently troubled A
few anxious people, however, dropped in during
the day to inquire as to the state OF affairs.
The New York herald., 1873-09-23
New Amsterdam Savings Bank.

The New Amsterdam Savings Bank, BOwery and
Rivington street, went on as usual, without any
particular draw upon the deposits or especial
Judgments by customers. The officers were ready
for an emergency had 1t arisen.
The New York herald., 1873-09-23
Bleecker street savings Bank.

The Bleecker Street Savings Bank had nothing
very special to announce yesterday in connection
with the institution. There was rush upon the
bank, and deposltors showed no particular anxiety
as to the security Of their money. Deposits were
made in the usual way, and nothing worthy of
special notice occurred in the amounts drawn from
the bank. The bank officers say they have not
even harbored the thought OF availine themselves
OF the thirty or sixty days. law About $19 600 900
are on deposit In this bank, amply covered by
assets.
The New York herald., 1873-09-23

aid upon presentation.
Referred 10
Eugene Kelley 4 Co.
Edward Sweet 4 Co.
Third National Bank, N. Y.
.Drexel, Morgan d Co.
. First National Bank. n. Y.
. Bank oil Commerce, y. Y.
Lathrop h Engs.
"A. Corbin.
German American Bank.
German American Bank.
Nassau Bank.
Fourth National Bank.
Manhattan Company
Park Bank.
. Park Bank.
Park Bank.
Park Bank.
Park Bank.
Metropolitan Bank.
Bank OF Commerce.
Metropolitan Bank.
Ninth National Bank.
Saunders 4 Hardenburg.
Merchants Bank.
American Exchange Ma.
tional Bank.
Allen, Stephens a Co.
National Park Bank.
Nationa | Park Bank.
.Slateman 4 Fulton.
Hopkins. Dwight 4 Trow.
bridge.
l.. Won Holman / Co.
Harper 4 Goadby.
Drexel. Morgan / q.
The New York herald., 1873-09-23

was solvent, and, being assured OF this. they did
& not a5AT sneir S money; iew people, VINO % naa r1a
part OF the afternoon. and drawn their money, and
who then went away, subsequently returned and
saw that tney looked upon the action OF the great
bulk OF their depostors very foolish. They did
bank ss was perfectly sOvent ] s and abundantly I
able to pay every dollar that might
Dsy s S sposs sa%s Of a0s dsss as
900 were paid as fast as the corps OF assistants
were able to prepare them; Tnere are about
say that they Will continue to pay as they were
paying yesterday but should the other savings
banks agree on a united action the Citizens Bank
will be In full accord with them, and will act In
harmony with them. The bank kept open untn
las. t Up no 'a 1ne
object OF attention lor all the passengers In the
cars travelling up and down the Bowery.
The Bowery Savings Bank.
There was long and strong run on this bank
during the entire day. The bank oflces were
crammed, and the street In front OF the
building was thronged with anxious groups OF
people. AS in the Citizens Bank police officers
were stationed in the building and outside OF 1t to
preserve order. The rush was constant and threat
ening. More than at any other banking institution
In the city depostors nocked here, as rumOrs had
been riie relative to the run upon It, The stream
oil people wanting TO draw their money was con-
tlnuous, and last as the clerks could supply 1t the
money was piaceu on the counters. Tne faculty
with which anxious people were supplied with their
accounts helped to send many others away who
had been in serious trepdat0n as to the
safety OF their savings. The principal officers OF
the bank stated that 1t was with great regret they
saw depositors acting 80 foOshy, as Of course, by
drawing their money they were losing the three
months interest. They stated, furthermore, that
they intend paying as long dap0slt0rs appear to
demand their money. They do not, however in
tend to pay In cash the largest amounts on de-
post, for this could not possibly 10 any good, but
to those who have very large deposits in the bank
they give certificates, which, Tor ali business pur
poses are just as good as the money. In this way
had fears whatever yesterday as to the result OF
the run upon the savings banks, and anticipated
that to-day would see the end Oft. The bank had
q ul reserve on hand yesterday morning, in all
about four hundred thousand dollars. The total
deposits amounted to about nine hundred and nfty
thousand dollars.
The New York herald., 1873-09-23
Bank or the Commonwealth.

This bank is now IN the hands OF the temporary
receiver, MIR. Megs, the Bank Examiner. 1t IL
already known that the cause Of the suspension OF
this institution the TACT OF having over-certi-
ned ior the firm OF Edward Haight Co. on Satur.
day. Mr.. Haighr was one OF the banks best Gus.
toners, and had at one time been It's president.
When called on the firm was unable to make the
loan good. However 1t may be well to state that
since the close of the bank on Saturday several
payments have been made the verdrat, and
there can be little doubt tnat ultimately tile whole
OF the amount now in the hands of Mr.. Haight will
be turned over to the oanS. The securities now
held by the bank are snilicient to pay one-haf Of
the amount. 1t is stated on good authority that
the other creditors 81 Edward Haight Il Co.
will be dealt with fairly, an equitar
BILE adjustment being maze all round.
With the exception OF I Is Overdraft by this Gus
toner the accounts. OF the bank SHOW we'll very
few Over-certidcations having come to light and
they only In small amounts incidental to almost
every bank. 1t is stated that the bank will pay
every cent ieowes to depositOrs, and that per-
manent receiver has been appointed in the person
OF Isaac ii. Bailey, formerly OF the Custom House.
statement will no doubt, be made very shortly
showing the condition OF affairs. When the
moneys In the bank are paid to the depostOrs 1t
will, no doubt, serve iurther to alleviate the
monetary distress. 1t Is one more OF the indtca-
tions say people who are posted, that the panic II
rapidly blowing over.
The New York herald., 1873-09-23
Germ ania savings Bank.

The Germanla Savings Bank has about $1,11s,oOO
on deposit, and from $400, 600 to $780, 900 available
at any moment to meet demands. There was no
usual
The New York herald., 1873-09-23
Peoples Savings Bank.

The Peoples Savings Bank, No. 3O1 Third avenue,
have taken advantage oil the sixty days. law. They
WILL however pay all small sums that may be ap-
Piled for, but any demands made under the influ-
ence OF the panic shall be refused. 1he deposits in
the bank amount to from s',0H0,o0 to "a, 900 000,
covered by assets slightly exceeding that amount
The New York herald., 1873-09-23

Mechanics' and Traders' Savings Bank.
There was no particular demand made by de-
posltors yesterday on the Mechanics ana Traders
Bank, No. 2S3 Bowery. About $3,OO 900 are de-
posted in the bank, and this sum is covered by q
surplus OF $780, 900. The bank will avail itself Of
the thirty or sixty days law if necessary.
The New York herald., 1873-09-23

cordingly handed In.
The following financial exhibit was also dis
played on a pacard:-
The New York herald., 1873-09-23
Fourth National Bank.

This bank opened yesterday morning, and tho
run continued for time almost as bad as it had
been on Satu rday. AS the feeling began to sub
side, however, the depositors less urgent for
their money and 1t was evident from appearances
that the run was about to terminate. In this man
ner payments continued to be made until about
quarter Of an hour alter banking hours, and then
there were applicants left. For some time after
the receiving teller continued to receive de-
p0sts. HERALD reporter saw Vice Presi-
dent Stewart, who said that his opinion
was that this whole panic originated In
reckless railroad speculation, and that the
scare originated by the consciousness Of this was
now over and that the panic had run its course.
He believed the mercantile community to be In q
state OF great prosperity and in sound condition,
and the best proof was that the banks mad with
stood the enormous pressure so well. Now that
things were seen with calm eyes he could see no
reason why values and business should not re-
had gone through severe test and responded
nObly.
The New York herald., 1873-09-23

inc Ihlru avenue savings banKs
The Third Avenue Savings Bank. No. 354 Third
avenue was very quiet yesterday, 1t having been
announced early in the day that the bank had
avalled itself OF the sixty day law. Very few per-
sons visited the bank during the day, and the bank
Ofcers were In no way troubled by excited people
who were in dread OF the SAFETY OF their money.
The New York herald., 1873-09-23

The trustees OF this bank require OF depositOrs$
s the usual notice OF sixty days for the payments
OF all deposits In accordance with the bylaws OF
! the bank and In conformity with resolution oil
$the representatives of savings banks held on
! the 2lst inst. /
! BY order OF the Board of Trustees {
$ J. p. PECK, Secretary.
The New York herald., 1873-09-23
THE CLEARING HOUSE.

:. Anne RIGA n Exchange Bank.
The New York herald., 1873-09-23
FrankIin SAVINGS Rank.

Hronkllm S0V1nSS bAnRs
No payments were made to the excited throng
which nocked to the Franklin Savings Bank and
besieged 1t all day; but, at early hour, the fol
lowing placard waSanixed to the window:-
The new North-west. [volume] (Deer Lodge, Mont.) 1869-1897, 1873-10-11
0isCcllaD,S.ons.

Boston. October 5-Thc remains of the
Rev. Geo. NJ, Randall. Bishop Of Colorado
arrived here to-day and will lie In state in
st. Paul's Church ill the funeral TUESDAY,.
London, October 6.-The funeral Of the
late Sir Edwin Lnndseer takes place st a.
Pauls on The II inst.
Fort Jcrvis. N. Y October G-Thc kcv
=. OReilly. pastor of the Catholic Church
at Susqueha"na. and formerly Vicar Gen,
eFs' ut the Philadelphia Dlncese, was killed
At the former place on Saturday evening by
railway engine. W. '"''
New York, October 6.-Edward 4. Stokes
owing I" sickness ~as unable 70 .puesr
when hts cnse was called this morning. and
Tue trial was Get down for Wednesday,
Boston, October 4-The wOrkinc,nen Of
this city and vicinity are making arrange
mems to give grand reception 10 Juseph
Arch on his arrival here. The exercises viii
include PROCESSION through the principal
streets. and addresses in Faneuil Hall
baltimore, October 1 Thomas King Car
roll. formerly Governor Of Maryland. died
ut bis residence in Dorchester county w.
tcrday.
President Grant has ordered 500 army
rat'ons shipped 10 the sufferers At Shrevs.
port. 49,.
Toronto. October I "A change of the
gauge OF the Grand Trunk Railroad vas
completed to day over the entire line. The
international bridge at Buffalo will be com
pleted on the osth inst.
The new North-west. [volume] (Deer Lodge, Mont.) 1869-1897, 1873-10-11
OAkoIA Is MlHnEsorA's coal. Bank.
Bismarck Tribune, 0eptcuhcr -

Bismarck Tribune. septcnbcr a.
A dispatch from New Ycvk makes tho
important announcement that the branch
line OF the St. Paul and Pacific from Min
neap"i's 10 BssiHerd has been purchased by
+. Il. Dclano Of St. Paul. BY the terms Of
the purchase, Mr.. Dc;ano agrees to complete
the gap In the road between Waaab and
B'a're'd. about forty miles. BY the first Of
December next. The road bed has been
nearly completed heretofore. and the ties
and bridge materials are upon the ground
~ that the work to Ike ACCOMPLISHED Is no,
really so stupen,lUus From what We know
VI the energy and push of Mr.. Delano re
feel perfectly confident his contract will be
fulfilled to abe letter. Through this ar
rangcment Bismarck 10 within Q railroad
distance of 40 miles Of ST. Pxuland Mime
spol's. and our great coal fields at once be.
cOme accessible to those cities. Gen. Ros
ser informed the editor Of the Tribune that
the ROAD to the mines could he completed by
December Is, and be kept open through tho
worst OF winters without trouble. A com
pany Is understood to have been already
organized to open the coal bed ., once.
comp"sed partly Of prominent members of
the North Pacific road, and with capital
sufficient to ill any demands that may lie
uade upon them. General Cass and other
leading officers and members Ut the company
will arrive in Bismarck tonight Or to.mor
nv, to look the ground over and arrange
the work. and VIC expect to zee at least y
hundred thousand tons of Dakota coal pass
through Bismarck before another spring u
supply the fuel famished East.