New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-11-30
THE SAYINGS BANKS.

FEELING OF SECURITY IN THE LARGER INSTITUTIONS
EFFORTS TOWARD RESUMPTION AT TIE 81
CuRITY BAsK-RUN ON THE NORTH RvEF
BANk-ExAMINATIoN OF THE OFFICERS OF Ihf
THIRD AVENUE BANK.
The savings banks 'Gf!Iaraly are paying all
depostors applying for money Depostors az rule DC
NOT draw heavily in December in order 10 the inter
est due at the beginning Of the year The Officers
Of the large Institutions have no fear OF trouble ihere
il much dsrust OF the smaller banks Dut u
believed that the excitement is calming down, and thai
the alarm Is local. confined to the ThirdaVe' pet"een
Twentythird and Fly-seventh-sts, In the immeoiuVe
vicinity OF the suspended Third Avenue Savings Bank
The President OF the Peoples Savings Bank stated
Yesterday that there had been meeting OF the trustees
or officers Of the institution. Nothing could be done by
them and they were awaiting the action OF the Ator
neyGenera They had been given notice 10 sho" ecso
to-day why a receiver should not he appointed iney
were not going to show cause but wonld allow the ap
p9intment OF receiver BY default Several deposors
called at the bank during the day for nformatoh' No
statement has yet been prepared
Mr. Benedict, Secretary OF the Mutual Benent BANK
said yesterday the trustees endeayonng 10 put
the affairs Of the bank sound basis, when Wouiu
satisfy the Superintendent and depostors Win the VIC"
OF soon resumng business. Hedcclned to state whether
the trustees intended 10 make up the deficiency as oeJ
did in 1873 or what the amount Of the deficiency wac
think that there would be No notice had Decn re-
celyed from Mr. Ellis as TO what action he would take
By to-day or tomorrow the action Of the trustees "oud
probably be made known. large number OF depostorS
at this bank yesterday gave the required 90 days notice
Of withdrawal.
Henry Clauscn, President Of the German uptown
savings Bank said Yesterday that his bank was in per
fectly sound condition Two months ago. before be nc
came President a committee investigated the affairs Of
lie bank thoroughly and reported ~ surplus To DE oyer
5000 S eff the ' 60 DAYS rule had been the
alarm arising from the failure Ol Two OK tnIce p 49,,
the vicinity This bank located between tne Minu
factnlers' and Builders aud the Central Park BANGS
both Of which had suspended, ahd on lht accoun, I.S
depOsOrs had shown cOnsdciaDle unhectss aiii
sums Of so were paid WITHOUT o.ice ~ ~ CaIsen
oss gave notice Of withdrawal yesterday Dnt MI Sause
said there mad been fewer Withdrawals IMAM ho h"u
s1res Of the Security Savings Bank held meet
ing Iasl evening the bank, and decided to call meet
inc Of tbe largest deposors this week and ask ther CO
operation ia preventing q run. ID. d. l. MarshaIi, Cne
IRE seut stated a reporter Of TIE IHlBLHk, aIteI liS
that several OF the largest dep0tOrs wOnl
M" addeI 10 the board of Trustees The law allowed 80
trustees and the present bOard would aFi tLemseNs
of tits provision aud increase tne number Mr. Mrshal
also said that bank had paid 10 delostors during ie
past five years Slj60OO IN interest," ana hau not os aV
lar ny bad Investments There was surplus over ty
ties and lie Bunk Examiners statement snoWcu tnat
the bank WAS sound Many Of the depostos d caledat
tle bank and expressed their confidence IN the manage
ment MIR. Marshall thought that the pank wouiu 90 Oh
n was mad Oh the North River Savings Bank yes
terlay but the officers satisfied that IL Will not con
uue, The DARK mas SUI plu- VI ToO,VNV' ~ Nv
cub, red the officers state with any real estate or ue
prccatcd securities, al It's STOCKS ana pJnuS are VI
class and assets have known market Value Tar III
excess of the amount depOstor Tine total deposits
iu tbis bank about @S4JOJ0
AT the YorKyIlle Ponce Court yesterday, the exaula
ton uo the charge Of perjury against the officers vi Tue
Tuird Avenue Savings Bank was begun, justice DunS
nresidiug The complainant was GeOfBlana r. LeVleD.
The prisoners court were john H. Ly thompson W.
Decker. David Morgan, Daniel Bates ana william ?; Gar,
man The first witness Charles W. lihssl,r OF NO
W1st editor OF HdssieI's Weekly FtndHcdt Reporter.
The testimony Hasslcr who Is regarded as an ex-
pFt was mainly occupied in quoting the actual market
mic salue of southern securities held by the bank during
the past three years. Tie testimony OF the witness wac
NOT drought to a conclusion when tue proceedings were
adjourned until Friday, at p. III.