New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-09-23
THE BROOKLYN BANKS.

| 1HE BRDOklIlN BANhS.
NO RUNS, AND A GENERAL FEELISG OF CONFIDENCE.
| There were no signs of run upon any OF
the Brooklyn banks YESTERDAY All of them paid out
their noaev IA usual with the exception Of the Long
Island Savings Bank which. according to determine
ton arrived ut by the Finance Committee Of that insti-
| tuition, took advanta 90 OF the 80 days clause.
The Nassou Bank visited, yesterday and nothing
about 1t indicated hat financial panic had occurred
President Smith sted that in his opinion the worst was
He thought that the Brooklyn banks would not
be affected as they DID strictly domestic business and
they were not interested in wast speculation. Bust
ness was going on as usual, and he had no fears He
thought that the panic entirely useless.
Daniel Chauncey. President OF the Mechanics Bank
said that his bank had not been affected by the panic
There had been crswd excitement whatever. and
he Thought there reason for any uneaspess. lie
thought that the impression prevailed in Brooklyn that
the action OF the United states Treasurer In issuing
ereenbacks for Government bonds will relieve the pres
and restore confidence throughout the country.
The CITY Bank was visited, snd j. j. Studveh the
President, said that be did not anticipate any serious
trouble unless people should get unnecessarily excited
He thought In such that tho savings banks would
be the first to feel the pressure Arrangements he said.
had been made by the savings bank, to sell Government
bonds in order to meet any ordinary demand that might
be made. He stated that unusual demands had been
made on the CIty Bank, and he lid uot expect any.
The Brooklyn Savings Bank opened its doors ut 10
a. NJ, as usual aud at several deposItors drew
their money, but there excitement and no pros
pect OF scare.
The South Brooklyn Savings Bank psid out little
money yesterday than usual but there was moth
ing approaching Those that called were promptly
paid
The Long Island Savings Bank alone took advantage
OF the provision Of ts charter which permits to with
hold funds for days after has received notice to pay
but there was extraordinary demand made upon 1t
for payment The officials stated that they had not the
slightest fear OF any panic.
The following letter in regard the condition OF the
Fulton Bank yesterday received at tho Brooklyn
branch Office Of THE TRIBUNE:
To the Editor Of The Trtbune.
SIR: Your article in this mornings paper regarding
our bank is doing this bank great injustice We have
not sunk capital in Georgia bonds, nor ~ judge
Alexander McCue director nor are Mr. and Mrs VIII
liam A. Fowler stockholders in this bank. The bank
upon them loss. The bank Is perfectly solvent ana
ers provided they loss though do not look
fully able pay every dollar it aud hold its capt.
tai unmpaired We hope you viii make proper eorrec-
Fulton Bank Of brooklyn, Sept %, 1873.
The article yesterdays TRIBUNE stated that the
bank controlled by Judge McCuo, Kingsley, and
others. Further investigation made yesterday shows
that the fact is as stated. Mr.. McCabe. friend Of
Judge McCue is President, and obtained his po-
sition attorney for the bank through Judge McCue
who lobbied the charter creating tho bank through
the Legislature. Judge McCue and the other persons
owned stock in the bank, with the exception OF
Mrs VIM. A. Fowler, who owned some until short time
ago. when 1t sold That anxiety was stated to exist
as the standing Of the institution was stated only as
rumor while the statement made On Saturday by the
bank officials. duly credited in yesterdays TRIBUNE
There upon the bank yesterday, and the
statement OF the President the eect that the
bank was IN perfectly sound condition.
RESULTS IN JERSEY CITY AND HOBOKEN.
INN
The deposits received yesterday by the First
National Bank OF Hobohen AOo0 in excess Of the
payments. early hour in the morning number Of
depostors had remained account CT the run
upon abe bank Saturday appeared and hand In money
BY IN, the regular time for Opening the lnstltu-
ton upwards OF OF tepOsors had left consider
able sums IN OF the institution. When the doors
were opened the business Of the day was fairly be-
gun, it soon became evident that there would
DO no continuation OF the run OF Saturday. The
transactions during the day numerous. and the
drafts and deposits were paid and received WITH per
hap the usual speed yet there we're not at
any one than ten dealers In the Dark, ana
when the windows were closed at p. No. the
gratifying announcement mehe that the receipts
we're $4,000 in excess OF the payments. One or the
dealers during tho day drew ont $1,000 with which he
paid a debt and the person who received the money
subsequently deposited the Same with the bank
New York merchant called on H. W. kmbfl, the acting
President yesterday, and rendered to him loan OF
$4,000 cash. in case OF an emergency. This was, Of
course promptly declined for TIE present. as the bank
has no need OF IL.
United States National Bank Examiner Adams visited
the institution yesterday morning, and passed the day
in investigating the accounts. AZ the close OF the nVes
gatiOn he expressed himself fully satisfied Win tue
soundness OF tho institution and remarked that there
WAS not stronger little bank in the State Mr.. Adams
submitted the following statement of affairs at the be-
ginning of business yesterday: