New-York tribune., 1875-12-09
LOCAL MISCELLANY.
THE SAVINGS BANKS.


NO MoRE BANKS TO BE cLosED-1HE TROUBLES
RELIEVED TO NE oyER-RECBIvERs FOR THE
GERMAN UPTOWN AND MUTUAL BENEFIT INsri-
TUTIoNS.
Since the failure of the German Uptown
Savings Bank Monday there has been little excitement
among savings bank deposors, and no runs on any oil
the stronger banks have taken place IL has been re-
marked that the excitement from the first has been
almost confined the banks Thrdave. Nearly al OF
the failures have been in some way ascriDed 10
that OF the Third Avenue Savings Bank.
Bank superintendent Ellis said yesterday to TRIBUNE
reporter that he thought the trouble was now over
There were no other banks IN difficulty, but or two
small banks might have TO make their standing good by
giving trustees bonds. Mr. Ellis thought that no other
bank would be closed unless unexpected disclosures
should DO made. He had sent Bank Examiner
Reed to the German Uptown Bank, and Mr. Reed
had reported that he found according to the accounts he
had examined, surplus, instead OF deficiency OF sew
eral thousand dollars Based this report Mr.. Elss
opinion that the bank might dc able 10 pay dollar
for dollar. The President, Dir. Causen, had however
told him that he did not think the bank woudbe able TO
pay than % cents dollar Mr. Clarsen DeeYed
until recently that the bank had surplus Of $4,000.
He had taken the report Of the Finance Committee as
correct bui on making an examination himself he dis
covered deficiency OF 100000 Mr. Ellis said that some
of the mortgages held by this bank might be OF doubtful
value, ana might cause the deficiency. TEe mutual
Benefit Bank said, never @Oulh I',unlpi, not
whstanding the reports to tAat effect he thouSnt II
might nav 80 cents u dollar TO ts depOsitOfs 1ne
Security Bank would 90 on ana be strong, SOUND DahA
again.
Judge Davis yesterday. in supreme Court, Chambers
appointed Herman Uhi, receiver Of the OoiHah Up
town Savings Bank. The order Is made IN the SUIT Of
John Martin Iauta deposition 20 the extent oi S2'OO-
against bank and TIE plaintiffs complaint sets Out
that while the deposits $50, 800 the assets Hs hialtu
to him by the bank officers Will not exceed Ss0OOoo
and probably subject 10 c0hsiutIaOc
dppreciatOn below e value OF tie assets Aed DS tue
bank officers. He therefore, charges that the nah Il IN
solvent, and asks an uj junction ana receiver IN me or
dnary form. The Of the bank j. % Simple "a
the truth OF thc complaint. Judge DdFlo VA
his order appointing Mr U receiver, fixes his bonds at
rIjOOD0 aud gives him the ordinary powers OF re
ciyrrs adds several special rcricuons, the cnci
being the shall al once make on inventory
and nic II with the County Clerk and thereafter NE
monthly reports Of tho funds in his hands that he snail
turn all the funds in his bands In excess AT any tle
of sos 600 to the NewYork Lilo Insurance and Trust
Company and that every 40 days he snail make dyl
dend out O tho funds IN his hands, or snow cause 70 o
Court for ms allure to do Edward 81 shepard ap-
pearei the plaintiff; Man Parsons FOR the defend
ant Dir. Uhl ~ a member Of GOV. Tdens stAh.
An order made by Judge DOnObUe in 5aprcGc Court,
Special Tcgn, entered yesterday reducing the bOnusOl
the receiver OF the Mutual Benefit savings BANK rUll
100000 10 $4,000. ". +. AiGrich, lawyer, OF No
81 Broadway has been appointed receiver " I5 DauA
l. II. lurd the receiver OF the Third hFenne
Savings Bank at that Institution yesterday nut du
not be gin his examination OF its accounts.
\ siigbt has tikeu pace on the Harlem savings
Bank without II is said, producing any serious ehcct
large number OF anxious depOsOrs called at the Ger
man UPTOWN Bank yesterday but no money was pald
out then The security Bank pad out few hundred
dollars IN sums of - ami SO to each applicant To-day
the officers expect to pay lZs per cent on all deposits
withdrawn. There no excitement, ana the larger
deposo express entire confidence in the bank ana re-
fuse 10 touch their money