New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-11-09
FINANCIAL INTERESTS.
THIRD AyrNrE SAVINGS BAyK.

THIRD AVENrE SAVINGS BANK.
DIVISIONS AMONG THE DEPJsIToRs-A SNAIL NUM-
BIER SUPPORT Mr.. CagMAN A. RrCErvER--oPPO-
sITTOS OF TIE OTKERs-A TUMULnOUs MEET
ING.
The members of lie Committee appointed
by the dcpost0rs OF tho Third Avenue Savings Bank %
take legal proceedings 'or the removal ~ william g. Car
the present receiver through their counsel Ashhe
F. Fitch have prepared petition TO be signed by the de-
positos and 60 be presented 10 the Supreme Court al the
adjourned hearing before Judge Westbrook kingston
Saturday. The petitioners state that Mr. Carman
unit person TO be receiver FOR the following
L. He was the former Secretary appointed by the
verified false and frOudGlent repor; Of sd bank the
effect ~ watch was dofraud the depostors. 3. 10
tue trustees a. lie Ia interested In the cpneealment %
all fauls and Irregularities praotoed BY the trustees.
civil and criminal proceedings for any violation Of law
committed by the mangement OF the bank.
During the past week three Of the Committee Messrs
Maon Rger, and Ward l. IL alleged, La,e gone
Mir. Carmau, and advocating his rct,ncn in office.
reporter of THE TRIRU>E told yesterday by
bers Of the Committee that private meeting Of depos
itOrs held at the bank evening Last week. at
which less than 80 were present OF these, Is 70 20
finding that the proceedings in tho interest Of Mr.
Carman protested aud withdrew. Mr. Cahil. who repre-
sented invalid father, iepositor 10 the Of
5000. removed from the room. The few depQs-
itors ming Then approved Mr. Carmans retention
receiver, but there minority vote against him.
Is stated that Mr.. Halion the choice of the De-
posters Committee for Receiver. but his
finally dropped. MI. Fitch, the counsel, advised them
thai II matter which wholly within the dis
crcon Of the Court and the Judge probably would mp
point weknown business acceptable to all the
depositOrs. The Committee claim that Mr. Cannau was
in Office as Secretary than thirty days
before lie signed the annual report, and
had abundant opportunity TO make himself
acquainted with the securities OF the bank and their
ket value the feposi.ols state at II tnc stocks and
real estate hal been rnt IN at their cost 10 The ank thr.
tnat MI CaIman III reporting an apparent surplus BY
putting fictitious and excessive market value the
crtes kept the depost0rs in Ignorance ~ the true
diiiou Of the bank lae dtpositors also urge that
tain welnown politicians. william A. Darling, Ap
severn D. MoSton, d. D. r MsrshaIl. william &
Opdyke, and william Taimbeer, have been trustees ~
Keep Mr. caInan ia Oce, aud PreS1nt sxa% ami
ton OF the books and accounts The members Of the
meeting at which 5000 depositors were repre-
scented, AMI they cannot compromise with Mr.. earn
that he has good record that he signed routine
port before Re understood clearly the affairs Of The bank
yenry OF the bank he called Eeeting 81 the trustees
advised the Immediate suspension Of business. The de-
icpostors call No. 5Ji Third this day Detw.rn
a. M and p ~, 10 sign the petition for The removal ~
A9oat IS of tho dePos;ors met last evening in the
a0ons %, , c c,nn; %I l .rS 'n IN sas
were made by Edward uallon. Henry schm ttnlan H. A
G. Macdonald and others. Ashbel r. Fitch, the
for the dposois. who WAS not present alternately
,enounc ed aud defcnde, AMI the lie freely given
by pattisaDs both sides. j. a. Joseph,
succeed Sir. Carlndn as receiver, attempted 10
speak, but put ont Of the room. Amid
much confusion committee was appointed repre-
sent the deJlositors present Kng.tn ia Grday.
This comprised Patrick NcTeague. Edward NalloD,
Michael NIcCarty, charic' Phillips, Henry schmltrnan.
Patrick licCue, idlius BouoD, George Smith, Thomas
ROVrey, Eugene Ward Jacob Riger, John Day, IonIas
Coleman, v. "A
positrs signed power % attorney in blank he repre-
scnt,d before Judge NcstbroOk