New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-10-24
A RUN ON THE UNION DINE

DEPOSTTORS ALARMED BY RUMORS.
, LARGE AMOUNT WITHDRAWN YEsTEHDAY-sIXTy
DAY. NOTICE. nFQUGgrD-rHE EXAHIN.R rINDs
NO symptoms OF UNsOUNDNEes
The rumors affecting the Union Dime S9v-
inc Bank caused up0n the bank yesterday mon'
ing which continued throughout the day bciofe
o'clock a crowd Of dcpostors had gathered IN 'front.' o. tue
bank At the time he bank %. ned, az 10 o'clock
several hundreds were waiting. At nrst all deu"nds
were paid aud large omouut OF money was DISTURBED
out dur ng the FIST hour after 10 O'clock TIE io
lowing notce read TO the assembled depo-tofs;
There need he no cause for alarm concerning tho CON
dtion Of toe Union Dime Savings Institution IL u 70
fociiy solvent and the fdnds an ~ aF"iIa' ~ "ul
10 tHc TACT that there are not suIh'"h' D"sA
hand t0 meet laI gr dcrrnds u u comp tu ~ n'-''
Wv fSi.,rO WILLIAM j. BET.
At12 oecck the following card posted up ia dill
ferent parts OF tae banking house;
The sum tnat nav be drawn on demand II hereby Iu-
tied to 100. Ny object In ordering this H. P.sl"r,
t. prevent TIE reports reeirdhg me bnnh VIE
starred by mischcV, people for speculative Iutpo'
and snuu.d b. d.sccarod by the dtpO.lOs' Ny Itont
tie condition OF tie bank VII I"oa1y DE- ,l'y
IRON Ten iCurccu days. Meantime, ucposiloiH VIZ
consult their own interests by returning 10 lheT "o"''
aud employment. ~ e,, ,i,-
The crowd of deposors was made up Of all classes OF
people Men stopped on the way TO Their work III the
morning, and stood about all day waiting Tor thcE
turn at the window. Poor women with children IN HciI
arms were busy working their way through the thiohs
Little boys and girls were cdglg aiolH Us DcS' ''''
conlI each one with handbook IN hand This was con
tinued until p. M, the hour Tor closing when 'he
teller announced that the doors would he opened
to-day az 10 a. H.. when tickets would be is
sued 80 that each depositor might have MS 'uin>
Police we've on duy at bank and nothing disodery
occurred Tie majority of tie assembled dep'si,"Is
were calm and some Of them said they were only "'-
ing to see whether not their money was sale lew
however, were much excited.
The following telegram received at the bank yes
terday from Albany in answer TO request OF tnc ON
Gals:
on account OF reports unfayorable to the tuoh Dle
SavnDs Lnuk directed william j. Best, FOUR WetHs
AGO examine said bank very thoroughly 10 ascertain
liz rue cond The Work has been gong on an ~
lime. Two weeks Will complete II, now nope %
FAR lie bank seems entirely solvent Win heaNA Icduc-
tiun IN s reported surplus ANY thinS when may ~
-. uESHY L. LAMB,
~ Acting SupcIntcni'Ht
Mr. Best stated he should make MS report as soon ~
he had received reports OF the appraisers "ho were
investigating the value o the real estate mofI.a-'u 10
fine bauk The cash all right and he considered tue
convertible securities TO he the bes: he had ad occasion
IN EXAMINE The prcsd, n Mr.. Haines did not owe he
hank dollar; with his family, lee was one OF the largest
d,positors The dscontnuaucc OF The presidents salary
as II, order TO diminish expenses. Mr. Best said nc
stoud probably recommend furtier reduction ~ sal
ories and ueIlas III the number 81 officers lie sal That
S14OOO would cover tie amount loaned on AL ana t'
II WIS secured by United States bonds. He Lad a. scr
i,coytred nothing justify any suspicion oil Tie SOL
vcpcy OF the lnstiiuon, and expected TO hnd nothing
lie had leard rln.or that two of tine trust 90 had
started she reports about the bank for tug purpose "l
stock obpng opeI atIOn ana he INTENDED To ihd out th'
unth.
Tie last examination Of the affairs Of tie bank took
placc April y, 1874 aud the report was as follows: