The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-09-26
CLAIRMoNT SAVINGS BANK.
TIE TRANSFER OF PROPERTY ooMrLxrE-RE-

TEE TRANSFER OF PROPERTY coMPLETE-RE-
oEIvER sMALLEY's srATEMESr-AN INDIo-
NAST pRPosIToR.
Tho transfers OF property at Montciair n j., were
made yesterday by Mrx Swan, the vito OF the late
v,ce President Of the unfortunate banking institution
As tho bulk OF the real estate supposed to
be In the iady's name this positive action
her part may Increase by some 81, 600 the
assets of the bank, and by much add 10
the dividend careful receiver viii be able TO
pay TO the depostors. The attendance Of deposit
tors al the institution does not to lessen
from DAY TO day. and there Is many q sad made
puolic thai places the action OF tho defautng officers
IN tho hight. One old woman, who stood the
steps OF the bank told the reporter she had about
hundred and twenty 1--we dollars deposited there and It
was the savings oil four years. She kept an apple
stand Greenwich street, and told by neghbor
~ put her Dad dollars the Ciairmon because Mr..
Broadwell was a deacon In the church and . very
honest man. "But that Is not ALL" she said. .my
Is sailor and works oyster soop running
Norfolk aud Chesapeake Bay; he had about ninety
dollars saved up ana he put ali in here. lbs hard
for the poor, sir, very hardl''
General smailey, the receiver, vistca ysster.
day, and said the reporter he had nothing new
to communicate In reference to tae forged Canada
bank bills There seemed to be dispute as to the
Ball, the broker, would secure the bank. Az to
the dispute in regard to the recevsrship general
smalley knew nothing, except that he had
heard of the trustees had gone to
Albany TO see Attorney General Fairchld aud har-
any differences that might exist anon. parties
who wished their trends TO represent their inter.
csts IN the bank. The said infants
working get report to ~ the
trust, and the public but he thought hardly pos
sble II could be ready before tomorrow Wodns sdayl
Wucn was itwas hoped that every depositor
see he 4ula n ann nd ms ke nm IA
mud AS 10 tho probable DIVIDEND as well as he THE
ceiverl could. Mcssrs Sibcv ana Garrettson both
working Ut the accounts aided by all the assistance
that Nj swan Gould give them.
Mr.. Broudweil was sill denied to visitors at his
home GU Jersey City Heights, but the njory OF the
committe of trustrees--Mcssrs. Halsey klaIp aud
Robert g. Cornsil--started TO visit him yesterday
about noon UP To late hour they had not returned
TO the bank, but II understood that the exami.
nation OF tue delauitius prosiacnt would private
press as we're proper Tor publication and not cmbar.
rassing to the officers in making settlement Tor the
beneht Ut The depos,,ors
IT coMpoUspiSG A FELoSYp
"In fact SAID one OF the arges, dcpositors to the
reporter, at Is pretty near compromising felony"
'Wel, you have the remedy IN your own hands,"
.Not altogether. The depostors meet together, OF
course they want thor money, and they have some
trends among the trustees who advise them. Then
they commence the honey oglng process, saying,
What good will It do 10 put BroadweIl and Swan or
tho prison; thar DON'T get your money back.
Let compromisethats what they call it--and Ihcy
have u meeting with the cuipaole officials pat them
the back and say, Now, my dear fellow, you are
In tight box-under bonds IN $4,000, and only one
depositor has made charges against you suppose
whole ten hundred make separate alRiavils, where
are you them You had better compromise, give US
back SO much OF what you have stolen and we will let
up on you And SO tho compromise goes The
dop0sors take their hands out Of the hons mouth
gently AS possible; the big villains escape with capt.
tai on which they eau start another bank and that
tue why the people swndled day alter dny, and
call 1t compounding felony"
"Why don't the trustees or the receiver act 20
''We," was the reply, 'thats long story; for my
part think the whole party used Honey Tor their
own accommodation Hoyt borrowed the money Of
the bank as II clearly appears on bogus collateral
NJ ALL He was notorious as the munpulator Of
the New York, Boston anu Montreal Railroad Com
pany, and tho whole OF the valley OF the Connecticut
TO say nothing Of Wall street, has suffered from the
issue Of worthless bonds put out by that bankrupt
corporation. Hoyt was trustee OF the Clairmont
Bank; he was 'accomm0daied by Swan, tho
president, who suppose got bonus Tor his compla-
ccncy oIher trustees we're accom- modated and Henry
Parsons the counsel Of The bank we'll, and all
out OF the hard earnings OF thousand poor trades
who supposed thoy were laying by something Tor
rainy day. Ana the worst these men do all these
rascaites under the guise Of religion. There
scarcely y man IN the Cairmont Bank who Is not
Sunday school teacher or the deacon Of "a church."