New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-12-14
rnAsrs oF IN EXcITEMENT.

Tho excitement IN Newark in regard 10 the
~,art SAVINGS Institution which began on "Wednesday
s nor decrease Yesterday. 10 s alc-cd that much OF
thc d,trnst entertained by the depcsors arises from
the action 70 friends of the Institution ~ attempting I"
,,ls.,,.o tho f,c' that about s3.OO0,OOO had been
invested uuprortably. All d1y the bank was sur
rounded by large crowd hut general good
c-ter x,s maintained. In the morning an excited
woman rushed into the private Office 81 President Dodd
and ai that after she lad boon swnd'ed ont Of sIoo
600 pa the lawyers she had deposited the few hundred
dollars lcfi n the Newark savings Institution upon MS
advice She vehcmenty denounced the presid'hI anu
II was with some al nj .ulty that she was induced 10 &c
- H. foared that n the bank Is forced 20 call In its
loans On real estate IN Newark and vicinity when
amount =, about 100000 great distress will result
,ornor pellc SECRETARY OF STATE Kelsey, and Auor-
revCenoral stockton, who. with the state O"hf"er'
eoupose the state Board under the law OF 1879 govern
t,e savinrs banks visited Newark yesterday morning
had a consultation with Chancellor Runyon and the
cqc.~s ~ the bank The board decided 10 allow the
matter 10 remain a. al present arranged believing the
action o. the Chancellor 90 be the best that could %
,.t.r r,5sr The circumstances The Governor and At
toruey-Gcncra left the city In the afternoon real
estate firm distributed circulars among the crowds about
the savings bank setting forth that bankoooks would
h. taken ri their fan value I'm exchange Tor building lots
free and clear o. All membranes At noon the run on
to newark savings Institution had slightly decreased
confidence being somewhat restored by the assurance
that the per cent. with the per cent dividend on
January l. wonld De- forthcoming ~ any time.
AEUN ON THE HOWARD BANK.
A. EARL as % o'clock. Yesterday morning, crowd
t,n % assemble in front OF the Howard Savings In
sffrfor ana when the doors opened, the excited
dcpoors presented their books and demanded the tul
amount Of thcir deposits. The banking was soon
literally packed and 30 Doe anne necessary % call iu the
assistance Of the police o preserve ORDER The H'rl oil
Managers held meeting the forenoon and decided 20
of
dent Beach Vauderpool imnoriuncd o. follow ihe
eorsa eu by President McGrcror. ~ the Dime saw.
inrs tusfuton aud claim thc prNug OF ttee months
notice huf r rCsnufcy refused to do SD, anu declared
tat tlc bank able and willing Co r1y every dcp"'l
Tor ~.
President vandernoal stated 20 2 reporter that ne
hams un. boz condition meet zoo drafts 1 fle' Hs t'
terks could rar Them oM DE- said t1e present deposits
sr.Irffl fl about fiUulO0o. and tHr druo-tnr- MUM
D. r0I nearly COCO TIE bank BIOS nearly rl'u'nu' ~
Government b'Id. AND about elGooouo 100 -iair anu
sIff bond. ard bond. Hri MORTGAGES on rIA II"IN,
1. .Iif g hank. during thc past few wears, h'd 7ed
l..- deposits. considering thc n mayors o. trustees
ana fo1 received NOT more thtu rlnnh ~ one tlt' .h
Deposition Ue had 100 doubt That many or
tfe dn.u-I.lr. were drawn o. thr rank ur-
cause Dc rHs dividend dlr. ihe 'ant c,Hth,ra I'
81 600 tbr I-i iruH..tH- Was pa.d Dbl I1' me 'A9N p.
81 western ..rufI...s President Nud.ruuuI stu That
Ex-Governor WHt1 I.i urged th' enforcement ar thr
M. demanding Three months notice. Nut nn examining
Oh. UHnaa statement . tut thtitth stiI-I'i ul iit
f.lrfu.t. rf tNr institution.
win fHr exception off rlf rum i0 l~.f, me sound
noes of thc Howard ~tur- Institution t1i rcf"r been
0H.sfcIe1 1hc Institution was .u,"rIot1ied MARCH ll,
Tho .U.rIu. b. ft. annual statement Of the bank on
December D, lssC;