The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-10-07
THE THIRD AVENUE BANK.

MEETING OF THE DEPosTToRs LAST NIGHT
A meeting of the depositors Of the Third Avenue
Savings Bank held night at the corner Of Third
avenue and Twenty sixth street The room where the
meeting was held packed TO sulocation and was
entirely inadequate TO accommodate even one-haf Of
those who sought take part in the proceedings me
meeting was called order shortly before eight o'clock,
and Mr.. H. \. Hardy elected Chairman and g. =.
Joseph, Secretary II was found, as soon as the
formalty OF elccting the officers had been
gone through with, impossible to keep any
thing like order, for every man in the room
attempted 10 make his voice heard, the consequence
of which was that for nothing could be done
Every one with the bank and the State Banking
Department was denounced on every side In the midst
OF the confusion that ensued Mr. A. F. Fitch attempted
10 make speech bat for time could not obtain
hearing Subsequently some degree Of quiet was Sc
cured and he proceeded to nvegh against the action or
the Judge Albany appointing the late secretary as re-
ceiver saying though insult 70 the people this
city that Judge far remote should take upon him
self to decide question which solely interested the
people OF New York. He denounced the action Of tho
superintendent Of the state Banking Department N
allowing the bank 10 60 dong business for 50 long
after he knew it TO be in an insolvent condition.
Mr. b. A. Mcdonald also spoke IN the same strain
and read the law the and the duty Of the super
nendent therein set forth after which he severely
criticised all the officials concerned from the Bank SUI
perintendent down TO the Board of Trustees.
Mr. G. Herrens read the last statement Of the bank,
and said that the present disaster entirely due 70
the Bank superintendent who had evidently neglected
his duty. The only for his not closing this bank
before which he have known to be rotten could
be attributed 10 but cause and that was because
his interest lay in keeping open as II IS out OF just
such concerns this that he makes his profit In the
case Of banks like the Blocker Street Savings Bank
other Of that k he could expect nothing for they
would scorn bribe him; but banks In the condition
that the Third Avenue Bank was in were his game and
he had made his profit of it, ii would have been
shut up long He thought the present receiver,
who had been secretary Of the bank was not III man
10 wind up the affairs.
Here several attempted TO speak AT once and
several motions adjourn made, but the Chair
man refused TO listen 70 any such proposition He put
a resolution 10 the meeting 70 the effect that commit
tee be appointed TO consult together and TO engage
counsel from whom advice should be obtained as to
the feasibility Of making application to the courts for
the appointment Of another receiver IN place OF Mr. W.
s Carman the present appointee, and further, TO re-
port to the next meeting Of the deposors plan Of &C
ton.
This resolution adopted unanimously and the
following appointed the committee by the
Chair:-G A. Joseph Jacob Riger, H. n. Hardy, Leo.
A. Fledner, Henry Green and Charles Russell.
The meeting then adjourned, subject 70 the call OF
the Chair.