New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1876-04-01
". H. DAEIyG is 4 BANK OFFICER.
nIs STATEMENT or MS CONNECTION With THE
THIRD AVENUE SAVINGS DANK.

HIs STATEMENT or MS CONNECTION WITH THE
THIRD AVENUE SAVINGS DANK.
William a. Darling, whose resignation as
Appraiser ~ this port forwarded 10 Washington
recently Secretary Brsows request has sent to the
p.csa a statement reviewing his connection with the
Th!sd Avenue Savings Bank. Appended 10 this Is
letter from Judge Westbrook In which ho states that his
remarks upon tho habeas corpus In the OF Mr..
Darling did not reflect on that gentleman. He adds
81 certainly am not aware that lie has done anything
wrong IN connection with the Third Avenue Savings
Bank and did not impue anything criminal or wrong
him. | did say, however, that from my knowledge
acquired in the course of Judicial proceedings the
bank had been grossly msmanIged, ana also with
equal dstlnctncss said that did not TO charge
Darling with such acknowledgement, as had not inyesu-
gated the question ~ to him"
The points OF Mr. Darng's statement arc as follows:
NV connection with the bank commenced In It's early
year 1863 and most of The years 1866 ana could not
give much attention TO the affairs Of the bank ny reason
Of absence III Washington "a Representative IN the
NXNlXth Congress and e0ninent nj To my house ny Sc
made on Atlantic Mai Steamship stock. lhcHf
loans made without my knowledge or participation
never owned share Of the stock, nor had any inter
est In, or knowledge Of the business OF tho COMPANY.
had Interest, I'm any manner, form. or shape IN the
making o these loans, nor did derive any advantage
drccy or Indirectly tncrcirom had any pcrso al
business relations with the persons to whom they were
made. ~. -,
In January, 1868, appointed Auditor OF the
bank at salary OF 5000 pc annnm and received ior
ing period Of three years. No other sum or sums OF
money. other compensation whatever, was PAID 10
me- any other person. for my beueut or use, during
nay connection OF ID years with said bans aud on
examination in the proceedings against me, the principal
for the prosecution testified that there was not
the slightest evidence upon the books OF the bank that
OF the funds had been appropriated ny me- ana dcy
show to the contrary In SUIT that may be
brought to prove that | have any funds belonging
10 said bank, that the depositors have lost
single dollar by of personal so OF It's funds
by In January, 1871 was elected Secretary pro
tem. for the purpose Of signing checks IN I'LL An inter-
regnum between tina death or secretary and the cleo
ton Of his successor, which took place March IL,
1871 During this time the annual report was prepared
by the Actuary Of the bank. signed the report under
date OF March li--tho Secretary elected on the
lth) not hay ing qualified at that timen the belief that
IL showed the condition or the bank rs represented 10y
the books, and free from any intention on my part 10 de-
cciye the Bank Department or the depostors.
The exhaustion and depletion incident 10 the rapid
ves0n OF the securities of the bank 10 meet the run OF
seven weeks in 1872, when $i0OO,OOO was paid out,
provided for by the bond Of number OF the
trustees, to which contributed the extent OF O0O
to make up any deficiency that might be found To exist
after examination by the Bank Superintendent, and
the bank continued IN the belief that time woud
repair lie msfOunes and that dep0stors would be saved
from any ultimate loss The subsequent financial crisis
and shrnkage OF values IN spite OF tho best efforts
Of the trustees, and the absence OF returning
deposits and confidence, finally eliminated In the
failure OF the bank, some time after my con-
of the bank adhered its fortunes in the interest
the depOsitors giving what time could spare laboring
faithfully with my associate trustees to that end,
making voluntary contributions Of money from time to
time.
II win thus DO seen that have neither robbed cheated
swinded the deposors and that my whole conduct
was unrellsh. dsnerested, Ind free from any attempt
act To erch myself ut their expense and rest in the
with the full belief that am entitled to the confidence
and 81 mpatby OF every fair minded man.