New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-10-23
LOCAL MISCELLANY.
THE 1rN1oN DTNr,S CONDITION.

THE UNION DIMES CONDITION.
RuMoRs OF TUE Banks UNsoUNDNEss DECLARED
FALSE By THE oFFICERs-AN INVESTIGATION Nv
PROGRESS.
The romors in relation to the Union Dime
Savings Bank which have been the subject OF CONVERSE
ton in wall-St since Saturday, apparently nave 'o"
ont Of the fact that the bank being examined W
tho s,a,e an;hortos These reports TO the effect
tbst there had been defalcaton and others question:
ING the soundenss Of the bank. have been source OF
great ANNOYANCE 20 tho officers There were frequent
callers NJ the bank Yesterday afternoon, who expressed
some anxiety as to condition. About p M tho FOL
lowing card was issued:
Tho re~orts On walst TODAY. concerning the Union
Dim savings Bank urquanfcdlk false In every par
tcuar and are without founds'i9n rs president
THOMAS FLOYD JONES, Secretary.
THEME reporter called at the bank last evening,
and the secretary Mr. Jones' said at FIRST that lie had
nothing more TO state than what was embodied IN the
card lie ACKNOWLEDGED tn during the past month the
Bank Department he'd been conducting an examination
Of the ai of the bank through agent whom he did
not care n name This examination was only such an one
asst was customary for savings banks TO undergo once
in two years Il taking place at the present umc AZ
the request OF the officers OF the bank The result OF the
examination would he made public az ITS concus"n'
probably within few DAYS. He spoke OF the annoy
ances he had been subjected during the day. as the
outcrowth 81 silly rumor. One gentleman had asked
GLOW much do YOU owe your depostorsl' lie was in
formed that the not in excess OF S9OOOOoo
"Whv" said the qucstioner. 81 Is reportrd IN Wa1st
that Won owe them 81 100000 Mt Jones s'lh
tho bank was perfctly sound there was S3ooOooO "
the safe I'm NcwYork city and county bonds alone and
he very much doubted there was q sounder bank IN
New-York. ,. l., III,
President Haines was found at dinner. IN his
private parlOr at Gramercy ParR HoteI anu
Thcse gentlemen gave the reporter the following
statement: There tbirty-fonr directors OF the
Union Dime SAVINGS Bank. Tbirtytwo OF those
are solid in the promotion Of harmonious action
aud feeling in tha management of the bank. TWO o me
thrty-fouT, however, are dsafcctcd m"nhe,s OF U"
board. ONe OF these was an asmfant Tor the ono"
Of president AZ the last annual meeting OF the
directors, at whch time the present president was
elected by a vote OF thirtvtwO out ~ the whole thirty
four; his aud that Of his Oupnnent being the only
opn0sng votes. This led tn further dissatisfaction
fusa ~ Mr. Haincs to p9y certain commissions calined
bv these directors. The payment OF thousand dollars
would have resulted in the restoration OF harmony Al
recent meeting of the hoard these two members mace
a motion to have n committee OF the 10 ird ap-
pointed to Investigate the affairs or the hauk
After some discussion this committee was oppnincd.
but ~ never entered upOn duties for the president
and vcr-prcsdent requested The Bank Department or
The Stale to make s usual biennial examination ~ me
present time That examination Is now being m'de nv
W J. Best who is considered nv the hank officials 10 be
emincUfy qualified 10 conduct IL thorough ~ Tie informed
th"n Yesterday that the bank was AS sound as dollar
and that the examination would he concud'h sasiae-
tnriy 70 both management aud dcpOsitors within rev
days. .
i'm addition 10 this statement, Mr. Haincs said that he
had heard IL rumOrtd that lie had borrowed more
money Of the bank than he could pay, ana had hecn
forced sell his house and furniture on Fhysxt -St 10
mike the loan good II" wished 10 say that ne had
borrowed dollar ~ the bank, ana ne beieVed
that no director had signcd his wish 10 do So Ir
out ne hat tn" cash for II now IN hs
own bank. Mr.. Hlu"s aud Mr.. Line both sara that IS
Tar knew the bank perfectly sound ana the
against had been started by The enemies OF It's
Efl