The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-03-21

Tne MOUNTS left on deposit varied from 50 to
nearly 5000 most OF them hsi a 10wG p small
''tneught they nad drawn all their money when
there was really small amount OF interest," dn a,s
them, and that had gone on compromising uhtil
they remembered 1t and came around to inquire
ABOUT It, some, TOO, nave curious histories at.
tached to Them. Thus, No. % 800 was An account
opened with us in 1876 by q Benjamin Ashton, An
Enghsman, who drove q cab mere, and VINO, IN
1857. returned TO England expecting 70 return, and
having $50 balance on his bank book. Some body
there ad ylsed MIN thai ne could never recover MS
money and ne burned HIS book. Some years alter
ward ne dled, never having returned mere, LEAVING
his property TO nephew. few years ago THIS
nephew Jaw Ia an English paper reaort
OF the s' Dime SAVINGS Bank. Of Brooklyn,
and wrote to that gentl man, tcIing tue c,rcum'
stances OF his uncle's having an account IN some
letter to US, correspondence TOOK place
through the British Consul. iar. Archibald,
ths Consul, ior the nephew. over $780,
Tue account had been regularly borne on our
posltor. Here is he letter OF thanks ne wrote to
Mr.. Archibald Oh receiving the money, and which
that gentleman sent TO U.s." 49,,
In This letter the fortunate heir, Mr.. BinntnR.
ton, after expressing his thanks, says:-"l nave o
family ot nine children, heavily rented iarm ON
when was born; nave lost three cows aud w
horses In less than twelve months, ana touse who
ought 10 have been my friends have been my enc
mics; am sorry to say so That 1t has come, in tas
order OF Gods good providence, IN time OF need"
"Tnese things are constantly occurring" said
Mr.. lockwood, and We can never CONSIDER these
BOwFRY SAVINGS BANK
the secretary, Mr.. CosgeshaiL sa'd 40 not
recognize any unclaimed deposits' We look upon
Gil accounts as Just toe same aud pay them when-
ever presented, no matter nov long they may
up the book or o Leading merchant who mad made
deposit here twenty-five years ago and had
never callea to inquire about il since. As 10 the
proposed law we care nothing ABOUT 1t. The
mole strict they make the Ian III tue interest OF
the depostors the better we shall Ike ~. Ihey
"
our own rules. As 10 this proposed law can only
Say we never consider an account Closed ana End
vals.u
mr.. Alfred T. Conkiln, President OF the
MECHANICS AND TRADEao' SAVINGS INSTITUTION,
said:- have no amount OF those deposits, bus
u we had should care nothn! about such law.
should pay no sort of attention 10 It, TIE Lcgis-
iature cannot divert trust conudeu to us. IL we
should turn over our deposits to The State after
they had been Unclaimed Tor certain number OF
years and then adepostor should walk IN and
claim his money We should be obliged to pay it
or ne could sue and recover. We nave cases very
often OF men coming IN whose accounts have
been running for twenty years and more but VINO
have not cared to disturb them. We are the Gus.
todlans OF thelr money and cannot delegate The
responsibility TO any one else, not even the state.
Most vi the &c scheme are gotten mp for "strkngn
purposes lew years ago man IN Albany tried
TINS ihlng and had Dill Introduced Tor the turn
ing over OF these deposits and a short
time Afterwards received letter from lawyer
In Wa,l street proposing 10 save the matter set;
ted' ! threw his letter In the drawer.
wouldn't give cent to prevent the passage OF
sucn bill, for 1t wouId be unconstitutional, and
should pay no attention to II. II ~ an presented
himself here with such bill with u view to
getting money should KICK him out. believe
these bills are generally devised just to MAKE q
strike, because the per Diem OF those fellows Is
not enough TO pay their board"
sBAMES's SAVINGS INSTITUTION
the President, Mr.. VIM. ii. Macy, confirmed the
testimony OF the other gentlemen named a. To the
accounts when had not been disturbed for more
tnan twenty Yeas In regard TO such law as