The sun. [volume] (New York [N.Y.]) 1833-1916, 1875-12-21
SAVINGS BANKS ACCOUNTS.
LEFT HANDED BANKING, AND WHAT
INEVJT1 MY FOLLOWED.

INEFJTf bly, FOLLOWED.
Ocnddinr Depoeitors Looking for What NAV |
be Len for Tbem-Tbe Unsatisfactory Bn- |
hibit Made by n Number Of Institstions.
Mr.. 8. II. Hurd, receiver of the Third |
Avenue Savings BANK. says; at will DO some
time yet before my statement will be ready. |
Anairs arc worse and worse the further l go.
The bank seems to have been cleared OF every
available asset before II closed. and It closed
only when 1t had no more money to 30 on with
l have discovered. IN addition to the deficiency
already known, $4,000 of unpaid taxes and
assessments, running against the bank at one
per cent. month besides, there Ia an overvaua-
tion Of leasehold property In Forty-sixth and
Fortb-scventh streets Of at least 100000. !; Ia
valued at fl5O.0CO, when 10000 would lie a
proper figure. Then tris bank building is over
valued slC0,OO0 There Ia also n deficiency OF
sG6.OOO In the cash account, that being the differ
ence between the amount credited e. depostors
tn the bank vi tement aud that credited IN the
Mr. llufd added, In answer 10 other questions,
that he thought the bank would not pay more
than twenty five cents on the dollar. The only
bonds aic Alabam ~, Louisianns, and Iennes-
seca. ull very much derrecintcd, and they were
carried nt rar IN the statement. The Govern
be readily nindo gystlablc in cash mad gore Mr.
Howell should have closed up. the bank years
before. and Sdocrintcndent Ellis should not
have allowed Il 10 be opcn twenty-fOur hours
after his own appointment.
TuB PEOPLES mask.
The depositors Of the Peoples Bank wero pre-
sent, d. Yesterday afternoon, with a stai emCnt
| prepared by Mr. W. D. warren. tho nccolntlnt
emnloycd nv the receiver, Mr. French. Nr. i.
| ~. Oiney. counsel Tor tne receiver, re d the
statoment. Of which the followingis suulnury'
Assrts- -Bonda and morigafe-. .......... 10000 %
A,isgne,n'. o. ig.c a9la rr9rsr nj. IL. s'ooo %
| III IN rii OF Chatham iiway...'....... 1000 20
Itu-t"es bonds ...........-..... 5000 %
Total, ........................... sl4,9oo %
~. O.u-y added that II The trustees bonds
ti6,ODO was secured by mortgages on real estate.
| II nad been notified 10 the trustees that Trey
were to TO held liable, aud as far as heard from,
| tncy had promised TO pay. Trustees and other
officials are to be held liable for ille-a invest
men's. aud neglect In tho management oi the
| bank.
In the peo~le's Bank also there Is a dlrcren"e
| between the dcpu-itors' ledger ana the general
lcser Of tl,,si ", the, absence u witch amount
is Unexplained. he North Carolina bonds
Issued il aid Of the chatham Raj way are not
| In the receivers statement. Tho amount
pn mor,,ses lGr ses !. T1s tae 1o5Ine i M Cbare, pS
Rodeers, on house, IL East Fort, seventh
street, $1,000 Charles r. kodeers va Wa
BONDS: II, + Manierre, $1,000; James W stew
mouth D. Wn.on,. 5000; Max Tenn, sl.eO;
Harvey II. woods 500; John W. sater, te.Ono
s2,NO; Cephas Braiuerd, 5000; Leamen L,ch-
Enste'h' i1t'"' ~ 'i's'eau' S'..oi
,I"tna, - uutin, 60, t, W, a, l-,h
nonu % h.n.p pu i9 Si"SV' rl'v,s " o,i , an'
49,. ine .ota, u ts's, @ ,'I,.'vss 80 % nuo "a a. sIo
ietrs Hnu w" "lun'u' ~ se'e" pei oeH''' s''-lV'
ieSs wv paul
| Two hundred depositors Of tho Peoples
Savings Bank met al DO hird avenue last even
| Inc. Among them were several ladies, and all
were outspoken In their indignation against the
officers of tho bank and the conduct OF the re-
ceiSsT. L. Ahestreum presided. conn itiee
| OF previous meeting reported the assets OF Tue
bank at the nominal value of 5000; the
amOun' due depostOrs. SlbOD. Judge White
was selected as counsel.lnd the depositors con-
mittec-of four was appointed 10 walt upon Mr.
| French and demand true account OF tbe
banks CONDITION.
| THE GERMAN UPTOWN
| r r, - ,, -
| inc uenclehcS IN tle pc pc man np.oNh con-
slsls' a9 lar a. h"o"n OF 'He '"lo"'hE u ms
IA lrlal hotds or sprlnsporI O'juSa county .eP3al
Ae ,n1 IN ~ ,.tv ~ H. - "
| nrsrrciation IN North Gro. .lga bonus ~ . .ssl
ban loan ....... ................. 1900
S"rtaie.s i.s 1000
| OVrr.V.lnafion Of rral state - bJu0J
Collected Dy AGolt LeNiLgcr. anu uOt accounted
1880
| ro,.t si.,o.o
iHe HapNltles OF tne "hhh hIe H"out So''f''
Tcrtpc,r aavs that tho hank will ha foupl in
aet,t to mn, Nr J'bn l. Crimn,tns. ono of ma
trustees, declares however, that Leyinget In
Guced Mt. 'ltus sen, the fre-lIent, ahout Two
weeks before the bank closed, to sign the salts
faction Of several MORTGAGES. with the under
sfanttny IN, tnu mortgsyes ,vere 10 be maid
-. ~, ,t.o a., I .vtr,or ..,,t ~
~ ual. W '"S -, '..i -. . - ~ -. 80 80
the nlor.Eaeoi5 W.n.eu a'4enol t utti ~ NY s .ns
he confessed to Mir. CAussen. the President,