, 1877-11-25

troller OF the Currency. President Pe:lrce,
Of The Third, stated to the reporter that
he had learned that the Park Bank, OF New
York, had thrown out the drsit for &120, 600
given to County-Treasurcr Huc}133 Tuesday. He
had not heard directly from tug managers Of
the Park, but thought that their action in!so
doing was unwarranted. EfroEts to ascertain
the truth, of the rumor from = ;;1rcasurer luck
were productive OF no satisfa3tion,'as the re"
porter was denied access to his;;presencc.
THE STATE.
The customary visit to tLc: broken savings
banks was made yesterday by i reporter, but, as
ol late, very little could bc gctten from the Re-
ccivers, since they had next to nothing to COM
~9''sas At sSc State, Judge OH is still "ousy on
routine matters.'' There certainly will bG no
divitiend.th year. To pay IL per cent will re-
Quirc nearly 1000, and il will be impossible
to realize that amount this mouth Or next uu-
less the bunk building is sold Whether It. is
advisable tu sci now lias nor been seriously
considered. Sunle vi thciicpositurs arr iu 1,,c1
O funds, but they ere at se SAME t.'lle anxious
TO get all lilat is possbout vi the estate, and
1t is conceded by everybody that to dispos: of
properly now it must be sacrificed. The Et.~
ceiyer consults the interest Of the creditors BY
holding otf, and they Will doubtless he vontcnt
to wait until spring. in view Of the fact that tile
rsal:estate assets will bring better prices then
than uuw- )
certainly the most fortunate people Of any
who had money in other than sound savings
banls-are still drawing their first dividend:
Of the 5 QUO who have accounts about ,G00 }r1d
received the 10 per cent Of their deposit up to
the closing hour yeat atcrday afternoon. Receiver
Turpin says that the first !, 0GO will take out G0
per cent of the S13H, 600, leaving ST., 900 for the
other G,000, uearlyall the applicants thus far
being those who lad The larger sums to their
credit. There was'a I" line" III the bank all day.
Payments are nlatle Us rapidly US possible, but
only So uiauy can be accommodated within 4
given time. Very little, if any, growlin z. how
eyer, IS indulgcd in, as the depostors know
not get what is due them to-day, they will tc-
morrow. Letters are still beng received from
the country asking that balances or interest be
forwarded, tho writer being unaware thlt the
institution has, failed. The Receiver breaks the
news to then:by circular, and gives them some
consolation bJ notification OF the dividend
!: THE BEEHIVE
The Committee appointed by the depos1ors
OF the '1 Beehive did Il very indiscreet tlrng
when they called on Receiver Ward Friduy vi
tcrnoon. They took reporter along with them,
who represented to Mr.. Ward that he was 4
methber Of the Committee. lie took notes Of tho
conference and published them, giving tut names
oi severafpf tho debtors of the bank This will
have Tendency to impair the credit Of the
debtors, aud will impede, if not absolutely pre-
vent. tic collection OF between $4,000 und
S4U, G10.. The reporter could have been present
only b., The couui,uncc Of the Committee, and
they alone are responsible for his act. Mr.
Ward is justific1ly Indignant Ut this unwsc and
ineXcusabic conduct, amt When the Committee
cali tomorrow he Will sec to it that the ill.,
terests OF the mass Of the dcpositors are not
put III Jeopardy by the s'smartucss'' of three
or fur fellows who evidently haven't sense
enough to consult their own interests.