The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-11-16
THE THIRD AVENUE SAVINGS BANK.

MEETING OF THE COMMITTEE or THIRTEEN
REPORT OF MR.. ALGERNoN S. SULLIVAN.
The committee Of thirteen who were appointed at
the meeting OF the Third Avenue Savings Bank depos-
ors in Glass Hail. in East Thirty fourth street. FRI
day night assembled at No 293 Third avenue last
ing to hear the report Of Mr. Agernon Sullivan, who
retained counsel TO look after the interests OF the
dcpositors before Judge Westbrook at Kingston last
Saturday Mr. Edward Mallon occupied the chair, and
about haipast eight Mr. Sullivan entered the
He warmly welcomed by the committee, and he at
once commenced to give his hearers detailed account
OF the proceedings at Kingston Mr. Sullivan said
that, IN compliance with their directions, he made
motion for the removal OF William S. Carman,
the present receiver He met there Mr.. HUM, the
counsel for the trustees OF the bank Mr. Fitch, the
counsel Tor the other committees; Assistant Attorney
General Fairchld and young lawyer named stern,
who acting for Mr.. Holmes and who INTENDED 10
present petition to the Judge asking that Nr Holmes
be appointed receiver should another than William )
Carman be appointed Mr.. Sullivan informed His
Honor, Judge Westbrook, Of the circumstances under
which he was appointed and showed him
the aldavts of several OF his clients representing de-
posts OF $50 900 asking that Carman be removed and
also general complaint signed by others representing
SI00 0O0 to the present incumbcnts general unit
ness and the dstrust of his custodianshp existing
among those SO signing. He further seated to the
Judge that though there GOO deposa depoStOrs
on the books the real number Of actual de-
posters having money the bank but 1000
and in three out OF Tour OF these this dstrust
Of Mr.. Carman existed. Nearly all people who
had deposited all they had The bank aud lie hoped
the Court would not take away the power from him to
demand new receiver. As To Mr. Clrman's private
character he had nothing to against it. 1t
tain however that the bank officers knew of the nsp
vency OF the institution year before It's dnal collapse
and William > Carman, who then secretary,
signed the annexed report issued January %, 1870
stating that there surplus of 50 900 in the bank.
II further claimed that Mr. Carman was elected
BY the bank party with the intention Of giving undue
preference TO few
Mr. Fowler then said that he willing that good
trustworthy from New York, reliable and capable
should be appointed. Mr. Peet of tho nrm Of Miller
4 Pcet received affidavit OF the Chairman setting
forth the cause OF the failure of the bank
which extended many years back long before he had
anything to do with II, and that it till March
], 1873, that nc knew OF It's actual condition. He
signed the report in good faith and neither he
officers OF the bank knew II nsolvcnL
Judge Westbrook, after hearing further argu.
ment from Mr. HUM and others, took the papers and
said he would give decision In the early part
week.
Before the meeting adjourned the chairman, Mr.
Major, stated that the necessary papers would remain
In the rooms No 293 Third a week to allow
the deposors opportunity sign the power Of at