The New York herald., 1877-10-25
UNION DIME.

THE EUN ON THE INSTITUTION CONTINUED
YEsrERDAY-MoRE ASSURANCES OF soLvENcY
FROM MR.. BEST AND THE oFFIcERs-- MONEY
LENDERS AT WORK.
notwithstanding the reassurances OF the papers yes
tcrday morning the "run" on the Union Dime Saw
inss Bank continued all day long, and, though tho
hours OF payment were prolonged, hundreds were
turned away without getting their money. Some
complaint made by dcposi,ors that tho
corss did not pay sufficiently fast; tina,
they delayed unnecessarily and sought to
pay as htils money possible. THIS
not the fact however, for tho clerks made all pos
sible haste under tho circumstances. Between three
and iour hundred accounts closed yesterday and
as many more payments made. Many VINO went TO
the telcrs did await themselves OF the hundred
dollar rule. and only drew such thcy
uay required. rho people having confidence in the
bank were by no means few, anG The officers received
assurances from many depositors that they
would not touch their funds until The excitement
bad subsidized. Whilo OF these gentlemen o! great
fa'lh was talking TO small crowd of listeners
yesterday afternoon in front Of the bank. excite.
mcnt was occas,oncd close by by an old lady had
just drawn $50 she from tho bank
and orcc her way through tho crowd To curbstonc
whero Sue thrust ncr hngers INTO her bosom 10 get her
money and count II. Not finding II there sho
yelled aloud aud attracted crowd, and the
unfortunate woman was aimos, stripped TO
the waist searching her clothes Tor the
money. She did not fnd H. Tor II had been stolen
from her while sno forcing her way through tho
crowd THIS old lady was not tho only who Ind
her money stolen, as several complaints were inaac
Tho policemen detailed to tho bank always tho
door kccping back the crowd which 10 mace up OF All
sorts OF peopo Some one SHOULD be detailed 10 clear
tho streets IN front OF the bank, tor all day long
OF people who had no business IN the vicinity stood
blocking tho way. Among Them were noticed a large
delegation from tho light fingered gentry, who lttcd
hthcr aud thither without hinurance.
INTERVIEW WITH
In an interview with Mr. Best yesterday afternoon
that gentleman said that to-day he would omen
three moro paying windows, SO that moro people could
be accommodated during The hours OF business. lie
says Tho examination OF tho BANKS affairs rs still pro-
gressing, and he has yet found nothing that could
cause him 10 altcr tho opinion expressed Tuesday
regarding the soyency of the concern The OF
The decline IN business lately nave boon the
saaK times 'Aa aundrsss usnosers Avd %bo 's
good liincs wcro gradually increasing their
stores had been forced TO draw their reserved cap
ita during the recent stagnatlon Then tho
vival OF trade caused manyi0 uraw out their money
ior Investment and returns were SIM forthcoming.
MT Bost says that tho papers ovcrstacd tho amount
OF money drawn on Tuesday. Tho actual sum was
S2S,NO. and not 5000 as stated.
Mr. Best received the following note yesterday -
'Being big deposltor IN the Dino Savings Bank
think u not Juicious TO pay in any moro money until
oil Is settled. Please answer at once"
rhc request was complied with MS iollows-'kcep
cool. Bfiievc your money safe. We're dcposltor
OF this bunk would not draw a dollar"
. MR.. JONES on THE SITUATION.
Mr. Jones, the secretary OF the bank snd, ycster-
day afternoon, that things wero In about the
condit'on AS on tho previous day. Mr. Best pro-
crossing with the examination, and the bank Intended
to-day 10 afford deposors Increased opportunities tor
drawing money. Mr. Jones thinks that the bank
needs the strong and reassung cO-operation OF Tho
daily newspapers. Tho deposors arc many OF them
panic stricken, he says, and require 10 bc pacilcd
From tho sentiments expressed yesterday by tho de-
positors around the bans II would seem as thou gh
mistake had been nnde IN not allowing Mr. Hanes to
have his way about paying all sums demanded. Tho
enorcement OF the Sixty day ruo by Mr. Bcst is re-
gnrded ny many deposi0rs AS nrOof conclusive tnat
there Is something wrong.' From what was said by
majority Of those spoken to yeserda II Is fair
lnicr that the six,ydny RUE had been invoked
the run would not have continued beyond ono day.
MONEY LENDERS AT WORK
Several money lenders hand in tho
crowd Yesterday and did all In their power TO ..bearn
the ability OF the bank TO pay ITS liabilities. The pro-
cess WAS. OF course, preliminary 10 purchasing tho
books OF guible depostors who altor being talked
jumped at any chance 10 save ut least part their
money. The police might attend TO these gen temcn
at the same limo they are looking alter tho light
fingered gentry spoken OF above.