, 1877-12-07
The German Nationz, Failure
Causes Run on tho Ger.
man Savings.
Comptroller Knox Asked to Al.
low tile Former to Liquid
nte Itself.
Coll"pse Of the New York Firm Of
Greenebaum Broth ,rs and
Company.
The Chicago Troubles Stated to Be
tie Cause Of Their Az
aiEnment.
THE CEEEEE1sAUAf BANKS.
GERNAx xACinxAL

THE GREEN E1sAUM BANKS,
GERMAN SAr,oxAL~
! ihs f1fpcnalon of the 1Htnhn National Eouk,
| Which was forcs'adowed In ycsierday'% TNincxE,
created scarcely ripple in ifaanc.1! ttrlca Tjert
"ns not thr ali.htest indication Of n Hurry. n.
rnst.lna around ia Learn tho news, nu .acr,dcinQ
exchange to ftrenrthcn currency reserves. It
fatt. the suspension was long asn G!aeoun1eti Tht
eonttssan Of tho institution had been lhorony],Jy
anatyzed and undctstoud IN banking and com.
1ncfcia circles, though a:nonE email tFaucspcon1t
tho news Of the failure was decidedly unexpected.
as they had laborcd undsr the Impression that. a,
ING oank md wenhcsca tic gnfc NO far II could moi
| fall tn make port In safety.
Nank-E5a.ntner Watson was In a eost Of scrnl.
oG!e!al possession Of tho bank during The DAY. Nr
butiness was frsDeacted beyond taxing care Of thai
pouring OIL VI tho ntsfIs. Collections were made,
anu ci:hef turned over. as requested by cecfaphis
Instructions. or retained nntl1 further o.der- II
lad been expected TINT this branch Of The pu,inc.,
wonsd mare been tsnnsfered tn the Commercial
Sat!onal Bank, but It declined. a. II had ali II
&C.: tnrnra over to it hy The Third national
IN THE AFTERNOON MEETING or THE srocK.
inur, ,sftaa q the atock. VT. Henry t1seeneln III,
s1pans by lie cha!r atsr MbIo mss
adp:e1 and sent W tell graph. 10 tbe Comptroller
Q! ihe Eafsehc5 to thc effect that It wae the wlti.
q tAe :tockhosders thst thG Officers or tho banls
shonld he allowed tu 70 on and ll1uidaly lis affairs
Iher were better acquainted with the nu4cts .! th.
sosa ho fEn5s !R Gs es ts 'an
| Comptroller. and be,idcs. the opinion was inani-
mo.s shst sa,h manne: oi iaulaton wou'd e Ut
sns1 hny osher. r haek up this request Of tho
stoesno,dess the lo!io*tns lndprscmeas also
:% e q & III H. Gsrnsn tn1sasr
S"efss G.nt L .h.t e.
!'esslta' epaa tit SafIg' Ss
s Hi Tx: RI il n;:is; Il Il il: t;ss
;,crs T,,, b, issnss Esnssssa ~ bettst .
!s sss s'sel e k"1.: ks"s:
" 14k T. ap e 'Mta, Msa.:.i, I, n
.es1,st.Ps i,anE Il Towfah:f PT;iaent bptsa
1fss s1Ft 81 Hfrse.a'. Mrs1.'s
sf Y; Ts!!s1s' a35 : . sassi iss IT sst:;:
sss:' !5Ss:s9! = 1f tS;:s:S :as o
$;;' : ;:: ;;s;
THE sTocEnoLprn+
whom !. liable I" double the amount Of h.s stock:
,5i.u, ci'lc.*o,, IS; Isidssnp ! iIeck. Gheage.
III, M easies bsSks GS,naEy ~; faany enaue,.
scns csttsTo a.; u to- opa II csSxD sa iSa; :"
4
ca2o. 1lo; Aistshall FIr'l. :o; ii. i. Ciark CHI
New FORK. 10: Eiias t;recnehau,a, :so; itenr,,
!: Hfes1sisan,. ~ y: tirsenisi,e' -; NJ : aatt.
!1e1s ~: ncnty jfctht uatni :uJ .suhn tttceAs-
;!aan 1,aaf: 70; Thomas lisyns u: Ha't iisahsrs,
gases a. Sieels. Wauscgan. 20: e. H. stccls, Wau.
sar' rsfsf sshG,,st 9v TenTaa ss,pp o a. ssn'tx s9
ase aes so e. nsts.cSp $tpia T.; ptss ,sa: " H. T.
!: 4. llce, :H: fsaac lltaum,, 90: Louis Papnt,
9t!"aey i; 10; f,sa. Amela ...sn ri Lsspol sah
700; =. r. Leopold. 70; otto Lob, 10; ilr4.
,,cnry l&Gpold, ~; =. Nnd!ener. ~: Levi
= M4yef; rtn'aae,pnia. ~; y: Mstnrnlck, p;
i: E%@s hsyiis:. ;o; 90 Na'ssshnsr' so'i!s; .:
@ son 'Ss caa sinos * 81 x,s srs
srh,.r s11'sr'nnn, 40; hetm1,' ssh,aner 9 LsoId
IslmASs; s;o PoaFhksopsIe, a.: r; T. Weber, 0es
Wso1o. 'gs H.,nts H"annM IT. Mot. Fhi!aqepnia: ~:
rsao Msa.e{ peneas q Clearly oo' tota oou; par
sa'ae' *Aop' ....-.-
THE SAVINGS HANK.
9a'ts % srowa ct depo.lto's hid rathesed around
waiting fur the tnstttuton., They had learned
ea,. as se e. ssn M aSaal aa ssen fpcua !" .ae
t,s sams relation 10 ths sas.ny. b.ak. became
s1amotoua f0r their monsr. Thev believed that
49,. stt.s SANt @"A@A WV ~! UaAA iHl HIttl!us
Tons WHICH tor 20 many {cafs have existed under
one fno! aug 'st Tue fal Of one would nsccsaarlIy
y saia that cashier Wise assarr ths drpo.or. that
!hc nsts'ntona wora stp7ate and distinct, and that
the Of ono dld nut necessarily rail the
c"naptc Or tae oeleff They woult have nonc u hs
cxTlanattons. Tac3 demanded theIs money. and
Mese thsn informed that they laa*t giso thu r..
Autrtd thirty days nuirr. 6nu,a !0u awaited
themselves Of thls provision ut thu charter TAelr
s:xrcaate deposits amount III abuut SIS, utt}. No
currency w" pa.d ont nycs ths counter. Tho
A tA.sfs tHxxS H..
lit. ufeentbanm saysltS assets are sufficient TO
pay ~ 4epo.tt0Fs ~ fa!! and leave . handsome
sukpna ios Sae ssoeEn9iaeta: Thu liabilities afu
HENRY aEkENEpArM L co.
The private banking hoa+c OF fl&,ry Grccncbaum
ouslncss MaH light. HA4 confined mainly to tLs
n1 10 sMall amoant' shcst!y bsiors Tho closa OF