The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-10-08
HOW THE COMMITTEE OF DEPosIroRs WAS
SELECTED AND APPOINTED.

To THE EDITOR THE HERALD
In your issue Of this morning my attention called
to the communication OF 'Depositor" in regard to the
meeting of the depostors of the Third Avenue Savings
Bank held at Hitchcock Hail. last evening In order to
correct any misapprehenson the part OF the deposit
tors and in justice to myself beg leave TO make the
following explanation. At the instance Of three of
the depostors requested 20 attend the meeting
and represent their interests, as l had made myself
familiar with the law and knew Of certain facts which
evidenced the utter Improperly of the appointment
of the present receiver. Upon arriving at the
hall found largo crowd of persons, male
and female, and upon inquiry could not
learn OF any concerted action Feeling the
importance of the trust conhded to took an &C
tive part in the organization of the meeting taking
every precauton that persons should take part in the
proceedings be appointed to any position who
not bond fdc depositors. Names were furnished me
BY Mr.. Hardy who seemed an active worker and
whom learned the originator Of the movement,
and asked each of the gentlemen they presented
themselves whether they were depositors, and to
what amount Feeling perfectly satisfied that we
could secure proper organization TO represent the
interests Of the depositors, and none other by pre-
senting the names OF these gentlemen to be voted
upon the meeting was called to order and the various
positions president vice president secretary treasurer
and committee voted upon by reclamation To prevent
tho possibility Of any improper parties being present at
ha next meeting Tas ysscyss ,nas nG Sers?9 should
dcpositor in the Third Avenue Savings Bank Inc COM
mittee will meet tonight, and proper resolutions VIII
be drafted TO be presented and voted upon at the next
regular meeting Of the depostors, which will be duly
announced through the press You can readily per-
ceyc that every precauton has been taken to protect
the of the dcpostors and in order that all may
have opportunity to participate in the proceedings
large hall will be secured for the next meeting, which
will be duly announced There doubtless many per-
sons who could have been placed upon the committee
who had equally as large interests as those selected
but too many upon II would have been an obstacle
her han
scientious gentlemen, who will devote themselves TO
the task they have undertaken and when their report
is made at the next meeting the depositors will then
have opportunity OF determining how well they
have performed their duty. shall be glad to furnish
any OF the depositors with further information by APP
pication at my Office II may not be out Of place here
to that propose TO act in concert with the COM
mittee to give them the benefit Of my experience and
advice when the time comes TO make an examina-
ton of the books the bank render that assistance
as well any other without any compensation what
ever made this statement at the meeting last night
and rciterae 1t. that il may meet the eyes OF
those who were not present Yours respectfully,
b. ~ MCDONALD, No 80 Broadway.
New YORK Oct. T. 1875.