New-York tribune., 1876-10-10
LOCAL MISCELLANY.
ALARMED DEPosIroRs REAssURED.

ALARMED DEPOSITORS REASSURED.
SMALL RUNS ON THE NORTH RIVER SAVINGS BANK
AND TIE GERMAN or MORRIsANIA ENDED.
A number of depOsitOrs in the North River
Savings Bank, at Eighth-ave and Tnirtyfourhs, be-
came uneasy on Saturday and drew out about $1,000.
The bank was opened yesterday at 0:lj IN, and the
trustees decided to keep open al day to accommodate
any who might wish their money, instead Of closing as
usual from to 6 p. Several OF the trustees were
present explaining the state Of affairs to those VINO
desired information and not more than a quarter OF
those who called remained to draw out their deposits
About $3.50 p the las; Of the line was paid not more
than Sj 600 $4,000 having been paid out during the
entire run the bank George Moore President o tue
West Side Bauk and Robert sche President of the Bank
OF the Republic offered yesterday to the North RIVER
Bank any amount of money necessary but their ohts
were declined as the funds Of the bank were amply
sufc ent to pay any demands. Mr. Moore saiu Ac was
certain that the North River Bank was perfectly saie
aud that he lad entire confidence in its Official StehcD
Of July l. 1876 which gives the assets rs $sO96l| 49,
and Liabilities as S7576G2 II, leaving surplus OF
S71055 o.
william B. stafford Secretary OF the North River Bank
sad yesterday: "The bank can pay every cent o"''
and have $4,000 left 1t has liabilities except 10
depostors and the more they draw out the HiRer VIII
.he surplus be- ON account of their forfeiture Of interest
The bank has been the most ecOnomlcal prhcne
the total expenses having been only about $soo tor 'e
Six months ending July l. 1876" Mr. Stafford and some
of the trustees opposed to John Hooper, the Prcsdeh
said that the only trouble was with NJ Hooper lno|
ncused him Of ncflciency and want OF attention 10 'e
business of the bank They asserted that aL""sh he
was required By TIC bylaws to be at the Dahh u"! III
sometimes did not come for weeks
Mr. Hooper last evening sent the following IeI'e' u
resignation TO the trustees;
GENrLEuEN: was invited 10 the presidency OF this
bank by the un nmonS yoe oi the trustees uioI .1 %
eaizarOn M 1866. Each successive year haNC u't ~
elected with almost the sime WduluiI'H, ~ " ~ '' -
uary $40, Nhcn greatly to ny surprise Wl'nUu' any
OutspOkcn Oh CcuO.s 10 my mahlS lneh or any IN "a
uiant of the want If attention to the dUes oi llt
Office formidable opposition presented ltSe!l, olt hot
sufficient TO defeat my ceclOh HiucC tn, i'i, ul,
opposition become more aggressive pi9omC,@HE pro ~ d
great want OF harmony among the trustees ,nu @ @lains
tIy resign nv posi ion buth president and Trustee
with the consciousness, tGJt nave, ai dl times ] d III
every way, done ny du}, WIZ cOd7p'l''o. -,
whatsoever. Your 0bedent seTent JOHN HooiEN'(
Netc- York; oct. 8, 1876.
Iumor was current last week that the German o''-
ings Bank of MOrrisania was in very weak cohduo'
On Friday a few Of the dcpOsitOrs withdrew thcf "c
counts and on Saturday. the report having E'ln,
greater circulation, the bank was thioustu, An s0
T,aTds were promptly met About 5000 was PAID out
which was $1,000 IN excess "a thc amount otulu'tl3
Mi ont on Saturdays The deposits on The same day
amounted to 5000 TIC trustees issued u ciiVuli3t
staug that the withdrawal Oh deposits TO IL c"lsuel %
ononHt WouId make c,ssIry the calling IN OF lSi-c
number Of small mortgages on property owned ~ ItS
general depreciation red ostte IN the yicmii|. me
circular that the capital WAS ampy SucSHl 90
nav all demands in full The trustees agreed IL lhc ut
posts were allowed to remain, L. hold themselves IT,
spOnsibe, TO the extent Of thel5 nuit M u' H.
would consider Themselves released from rtsp9ShllH
III was found yesterday that the circular prJdHc~u TIC
desired EFF ct only 500 was drawn out
Tine officers declare that the bank is IN good cond
since iGe report mad Oh Jan nave 1ccn
nG unsuccessful transactions, and the surplus nov ~
greater than it tLeu, when the assets We're
S523IlG 81, and consisted principally gi E l--cS au
stocks bonds in tns state and New-Jcrsey' ana ana
Osweg0 midland Railroad D9nIs; 4iS h"o'"I's "'io
SJll,2zJ %, ana Ia SUI ti's - A'7I' Vs.