The New York herald., 1875-11-12
THE BROKEN SAVINGS BANK.

A MEETING OF THE DEPosIToRs CALLED By
THE COMMITTEE FOR THIS EVENING.
The following manifesto in reference to the affairs or
the insolvent Third Avenue Savings Bank with a call
for the duped depostors whose savings have been ab
sorbed by the reckless incompetent managers, has
been received by the HERALD for publication the
committee Of depositors:-
To THE DEPosIroRs THIRD Avenue SAVINGS
whereas on the l4th day OF October. 1875 meeting
OF the depositors OF the Third Avenue Savings Bank
was he'd at Germania Hall, in New York city, and
the deposors; and whereas 1t there stated
by attorney, Mr. A r. Fitch, who
W Se TO a
receiver; and whereas no person among such deposit
tors is empowered or authorized in writing to act as
the said committee or in any proper way TO act for
them; and whereas subsequent proceedings have de-
monstrated and shown that 1t is necessary that
mttee should be chosen by the depositors and author
lied in writing them in order prevent con-
fusion and to vest a committee with full power; and
whereas became necessary for the committee to have
and employ competent counsel at proper compensation
10 watch and guard the interests Of the depositors
meeting OF the heaviest depostors representing ma
jorty OF all those who had 81 900 deposited in tho
bank was held the 4th day Of November 1876, and
said depositors who had more than 81, 600
so deposited called meeting, 70 be held on
Friday night following (the 9th inst of all the de-
positors who had more than 81 900 deposited with
the said Third Avenue Savings Bank. Al such meet
ing FIVE OF tho undersigned appointed in writing
a committee consist Of fourteen to represent all Of
the said depositors The next night meeting repre-
senting all dcpostors Of $500 and held and
the balance OF nine OF the undersigned appointed
in writing committee to wind up the affairs OF the
said bank That at meeting OF the said commit
tee held on the 9th day Of November, 1875 the said
committee resolved that IL necessary and expe-
dent to employ counsel a proper compensation in
order that he might attend to the iolowing:-
Fyrst-For the removal Of the present receiver, If
possible.
Second-That an account be taken by q proper ac-
countant all the and liabilities OF the bank
and
Third-In order that as expedtously and cheaply as
possible the assets may be distributed among the
creditors including the depostors Of the said bank and
In order to attain that end the committee requests that
the majority of the heaviest depostors have author
tied them, the undersigned, to in their behalf
the balance of the depostors cali at No. 2l4 East
this Friday the 18th day OF November inst, at
eight O'Clock r. NJ, aud sign authorization, in writ
ing to formally empower and authorize the under
signed represent them such matters and things In
winding up the affairs Of the bank may be proper
and necessary
IL has been represented that some member OF tho
undersigned desires TO be appointed receiver, which
false, and the commtee now disclaim any such nten-
tion The sole intention s TO have competent per-
son appointed receiver to wind up the bank
No person will be admitted except actual depositors
who present their books In person.
WILLIAM CARBERRY. CHARLES PHILLIP.
PATRICK McCUE. EUGENE WARD.
GEORGE SMITH JACOB RIGER
HENRY SCHMIETTMANN. JOHN w. DAY.
PATRICK McTEIGUE THOMAS ROONEY.
JULES BORREN. THOMAS COLEMAN.
EDWARD MALL0N.
NEW YORK, Nov. IL, 1875.