The New York herald., 1876-03-21
THE THIRD AVENUE SAVINGS BANK.

To THE EDITOR THE HERALD:-
AS "Depostor" has again made use OF your columns
TO answer my commun cation Of the 9th nst and has
INDUCED gross personalities propose to give brief
history OF my connection with the case.
Early in October last, and after the announce
ment Of the appointment OF receiver, meeting Of
the depostors was called at Hitchcock Hail. corner
Third avenue and Twenty-sixth street. which 1
attended representing by power OF attorney three OF
The depostors Upon inquiry found that no plan Of
action had been decided on. at once proceeded to
organize the meeting by ecctng the necessary officers
and committee, who we're empowered TO prepare a
series OF resolutions TO be submitted at subsequent
meeting which was be announced through the press
in order to enable all those interested 10 be present
The only power delegated to the committee was
to prepare tho resolutions and engage large hall
Tor the purpose of accommodating as large a number
OF the dcpostors possible The succeeding day l
proceeded Albany and obtained copies Of the semi
annual reports made to the Superintendent OF the
Banking Department from 1879. These carefully
nnayzed and discovering that they were wilfuy false
reported to the committed. The hall was secured
the meeting held the resolutions adopted and the
mlttee lthe members having been increased author
lied to take all the necessary steps for the removal Of
Mr.. Carman the receiver and the prosecution, crmi
nally Of all the officers OF the bank who could be
reached by process OF law. The committee among
themselves subscribed $500 for the purpose Of deay
ing the necessary expenses and although not one Of
its members, l contributed my quota Although
solicited to be ono OF the committee, declined upon
the ground of not being deposor, but profered my
assistance and advice, which was gladly accepted. Mr.
Ashbcl =. Fitch was retained as counsel, and having
obtained certified copies OF the reports from
Albany. | placed all the facts in his possession
in order that he might take the initiative for the
mova OF Mr.. Carman- Business in the interim having
called me away from the city for week. my return
| called upon OF the committee 10 ascertain what
had been done during my absence whento my surprise
was Informed that there had been split In the
mittcc and one had been organized. saw very
clearly that there some measure on foot that
needed investigation and when advised that the new
committee held their meetings at the bank, was sat
isded that the depositors were about to be sod out
/ attended meeting Of the new committee OF 'thir-
teen held at Glass Hail. and then saw clearly that
rhree OF the members OF this committee had pledged
themselves to the retention OF Mr.. Carman and that
grossly deceived. By Offering an amendment 10 reso-
luton introduced cnectualy killed that movement
and In order secure Carmans removal the succeed
ing day prepared the necessary papers ior MS ar
rest as wen as all the officers Of the bank
whom then supposed could reach. Mr.. Fitch sub
sequently argued the motion for Carman Is removal be-
fore Judge Wesbrook and succeeded. As no decision
was rendered for some time alter the argument had
opportunity 70 examine the books Of the bank, and
was conducting the criminal proceedings before Justice
Duffy upon the facts which had ELECTED from the
copies OF the reports After Mr.. Carman's removal
then had an opportunity of examining the books 1.-THE
bank and at once discovered the glarng frauds prac-
tised by Spencer K Green and William A. Darling.
at once procured certified copy Of their reports MADE
March IA, 1871; but the point Of law raised by MT.
Clinton IN the Decker case not having been decided,
waited until that known when they were al once
arrested All the Information In these matters was
furnished by myself and no one else have received
no assistance either pecuniary or otherwise, rom
first TO last have developed all the facts, and
although for the time being have been bafned by a
tcchnicalty Of law not defeated disheartened,
and shall yet be enabled to punish the men who have
been guilty OF derauding the depositors
From FIRST TO last have given my attention 10 this
matter TO the almost entire exclusion OF my own
affairs, and am perfectly willing TO have the Judgment
OF the depostors passed upon my efforts their be-
half but cannot consent TO be criticised by anony-
nous communications without answering. II "De-
positor' has spark OF manlncss in his composition
he Will call upon me- and u do satisfy him that
have done more for the deposiors than he any
would attempt shall then be content 10 have him
hold me up to the public as OF the "human vul
turesn he speaks OF in his article Very respectfully
NEW YORK, March 20, 1870 B. A. McDONAt4D