The New York herald., 1875-11-09
THE BROKEN SAVINGS BANKS.
"a STORMY MEETING OF DISSATISFIED DE-
POSITIONS.


PosIToRs.
The heaviest deposlors Of the Third Avenue Savings
Bank, numbering 200, held a meeting last night IN the
directors or the bank George smith acted as
chairman and Mr.. 7. J. Maynard secretary The
Chairman then stated that the object OF
the meeting was 10 elect eight committeeman
TO serve with the five elected at pre-
vious meeting for tho purpose Of selecting proper
counsel represent the depostors in court He hoped
that the Chair would be sustained, and that order
would be preserved But order was not preserved for
the depostors crowded around the table at which the
Chairman and Secretary sat each appearing to have
something 70 say Immediately. The result was much
noise and confusion and twas not until Mr.. Edward
Mallon was recognized BY the Chair and requested
10 make some remarks that qnet gained
Mr. Mallon said that Mr. Fitch, the gentle
man who had offered his services counsel for the
depostors gratuitously at the last meeting OF tho
committee not man TO be trusted; that Mr. Fitch
had insured him that the case would come up before
Judge Of the Supreme Court in the city Of New York.
whereas he knew that it would be tried in Kingston
n. Y. Mr. Fitch had promised to have Mr.. Carman
removed from the recevershp inside Of four days yet
two weeks have passed without his having taken step
in the matter Il could sec, continued Mr. Mallon,
cat the last meeting OF the committee that there
was clique at work and determined TO
be my guard. nave since learned that
committee, that he (Alr Riger was the man for the
rccevorship Mr Rger replied that he was totally
unht for the position, not knowing anything about its
duties; but Fitch urged him, saying, j wil be behind
you. attorney. and fix things. At the last meeting
OF the committee a Mr.. 9. a. Josephs dealer IN
tions Chatham street, decided upon the
ddate supersedc Mr. Carman as receiver; but that
has not penny IN the bank. ! ask you is such
man a nj one to be roceiverYn At this point Mr. Jo-
sephs who present, tried 10 interrupt Mr. Mallon,
but was hustled out Of The room by number Of the
excited d9positors.
After order was once more restored a ballot for the
election Of the wanting eight committeeman was taken,
which resulted ID the election Of the following gentle
men.-Patrick Mcfeigue, OF No. 400 Third avenue
julius Borren, No 444 Third avenue; Henry schruitt-
man. No 4l3 East Twenty fourth street; Charles Phil
lips No 949 Third avenue; Thomas Coleman, No 40S
East Twenty third street; Patrick McCue No 23l East
Twenty fourth street; John Day NO 1853 East Twen-
tcth street; William Carberry, No 247 East Fortyh
street The five gentlemen who We're previously
elected are Edward Maon Eugene Ward, Jacob Riger,
George Smith and Thomas Rooney.
After the election Mr. b. A. Mcdonald, expert in
accounts, granted the floor, and he made the fol-
loving speech which listened to With the greatest
attention by all present.
MR. M'DoNMD's EXPOSE
An objection having been urged that am not de-
postor, would state am here representing de-
will proceed TO briefly state my conn
ecton with the movement of the depostors
At the FIRST meeting at Hitchcock Hall, a com
mitee of six appointed, which, at a subsequent
meeting was increased to eleven. AT the same meet
ing Mr. Ashbel r. Fitch volunteered his services
counsel on the following day called upon Mr. Fitch
with such documentary evidence as had in my posses
sion, and he then stated that he would have 10 have
certified copies of the semannual reports of the
bank. shortly thereafter the committee met, and
authorized to proceed to Albany and procure tho
certified copies which were duly placed in Mr.. Fitchs
hands, together with the necessary afidavits which
drawn but not sworn to. | then left Mr.. Fitch
with the impression that proceedings would be
instituted At called meeting OF the committee at
his residence l learned, TO my surprise that
no proceedings had as yet been instituted
would be necessary TO apply for change of
venue in order that the motion for the removal OF the
xeceivcr should be made in the city Of New York The
following day asked the opinion Of prominent law
yer to the necessity OF change OF venue and was
advised oi Us aosurdlty lthen naving my suspclons
aroused, mentioned to several prominent members OF
committee my doubts TO Mr. Fitchs integrity rs
their interests and warned them 10 be careful and
ing come to The knowledge of those gen.
tlemen Of preconcered plan on the
part OF Mr. Fitch TO have receiver OF his own selection
appointed with whom evidently he had perfect un-
Outstanding They deemed il proper and in the interest
OF the depotors to take some measures to checkmate
tins movement With that view they called upon Mr.
Carman, asccrtaned the utter fasty Of Mr.. Fitch's
statement, resigned from the committee and nauguraed
the present movement During the whole OF this period
have been watchul for the interests conhded TO me
and determined If | found any OF the committee
or the counsel dcrelict in the performance
OF his duty that would take every measure and
every precaution 10 prevent the interests OF the de-
positors being sacrificed and now say 70 you that
will act with the present constituted committee, keep
ing watchfu eve upon them and see that they
pursue the guilty ones. And when the counsel ap-
pointed by committee appears In court VIII be
behind hun with the damning evidence which will con-
fine the guilty ones to feon's cell
When Mr. Mcdonald finished speaking he was ap.
pauded vocfercusly and shaken hands with and |
patted the back in manner which proved that his
hearers were in complete sympathy with him.
The meeting then adjourned until to night at No 293
Third avenue, at eight O'Clock
A PETITION CALLED
The following call was received at the HERALD ofco
at late hour last evening"
Such OF the dcpdsitors OF this bank object to eav
ing of their money and the prosecution OF the
trustees the hands William Carman the present
receiver whose the former secretary Of the
bank is identical with that of the trustees are
auested call at No 554 Third avenue tomorrow |
Tuesday,, from eight A. NJ TO nine r. NJ, TO sign
petition for his removal.
COMMITTEE.
HORATI0 n. HARDY, 429 East 57th street.
JOHN CAHII, 55S % avenue.
G. A. JOSEPH. 234 East 4Sth street
HENRY CR0MPT0N, l. 096 Sd avenue
MARTIN KALB 2l3 East 4oth street.