The sun. [volume] (New York [N.Y.]) 1833-1916, 1877-11-29
THE MARBLE PALACE BANK.
REPORT or THE BiNK pEP fRTMENT
on TUE UNION DIME


The tnstttuton not Only solvent, hut with -
Large surplus tcrsure OF the Manage
mcnt- Reorganization Deemed Necessary.
Tho Bank Department has at length com
rlcicd It's examination OF the condition ~ the
Union Dime Savings Bank. IN prnscnting the
report Mr. Henry l.. Lamb. the Acting Super
ini'ndcnt. SAWS to the dep l-itors:
" II may make many hoaiis gladden. to-mor-
row to feel that your money deposited in the
Union Dino Savins. Institution il safe. pro-
sent t. YOU herewith The evidence Of It's sccuf-
ity in the report Of Mr.. Bent. special examiner
Tho balance sheet which shows The financial
condition Of your bank. il simple clear. and
admirable. You viii soc that with undimn-
.hel deposits and frugal and sagacous man
agcment. your bank will grow constantly
stronger
% Tho constant purpose has been To- di--
disco The actual condition of your bank. Tho
conduct Of ia officers. and the responsibility of
trustees for acts complained Of Invest CATION
has. therefore. OF necessity. reached far out and
deep down into the affairs Of your bank. Many
charges are utterly diSpruvct; some are found
W sruuhIlcrs anu some ErnSsN cNlgg'rat
ed. some charges. hnycvcr. ! regret To- say.
be- applied to save your depository from the
rcpW tion Of such acts and consequent loss.
At one period of ia" examination a run upon
The bank wae I. rcatrncd 10y you. For very oh.
viuu- raHsou- o0uusollod the application "
the siXty-dav rule. An interest period wnS al
ready advnn' ed three months and two-thirls
| i You had taken money then sou would have
lost the interest Having strong evidence Of
iho ,olvcniy Of your bunk. could no, consent
that YOU should nnsdlesslv through fright los,
The income accrued on your funds for almost
| four months Your money is -nir and interest
thereon Is saved Tor you for the current half
year.
The bank is yours have great confidence
in H. md invt" your scrutiny Of IT. assets. Tho
| the bottom incts. and - stand ON them We
| cannot AFFORD ~ tell you il ia solvent except
upon the sin crest conviction sustained hy
| flN-. The facts. therefore. Hrc presented 10
! ynu. Surely there IL nothing doubtful in fair
! -uruus of a-sct. and an excess of annual rrvr-
! nuo over expenses upon present Investments
! of almost 100000 Every dollar YOU have in
! YOUR bank T. presumably worth to-day from
| Job ntl.Oj."
| Mr. William J. Best. the special examiner
say:
The real c-inie owned hy or mortguged To
! tho institution hns been carefully examined and
| t.rs Tlc sock invo stmnni-. cash. ana Oil, n
/ ae~rt-. together with the income and cNpendi-
tur, ! havcc, carei9lly scruipizrd and am
| ~ tn Inc solv.mrv OF tho institution. 4 glance
nj The stock Investment, canuoi fail to sat
,,t n, a ia. y. ii,y ~ ,b,, r.,,,,, ,''r,
| az ii.. ,r.,ttuti,n Lu- i..n ia nil nnr.rI "A ~
tnr POPULAR idea rospr,ting the securities in
In,,nynr t,iriris" H.. n,"rara inno.it"r an
| thna, of tho r1nn,fnitv who Wow such thing.
| linn fl,n in.tiinti,n has ,lrnadv iat tx shrink
No. On il rr... M Investment in Tnitsd Stnt~s
| bonds inward of siOnnuO 4 norton Of this
| dnf \ intk ior srvorul wears but tho actual re-
iu.,lou. - u.'. Julv list In ihr market Win. Of
| Government and Nrw Nurl. city and county
hnnI. then held hv the Institution l. SI22 2O3 81
F,rfunrtelv for ts .rsf tors fh,, decentralization.
of vog.e o., urosusrity enable, n NOT o,ly To- bear
| this loss Nit II would SUI remain solvent w, IL.
tlf. .urr.n, nr"rr',ii,, e,,ncniird unnn NH thn
bonds IN iis Possession.
n,uth ,''i 'n,-hf H. ,sf I,triinsi',liy +, ~
| If -rnn'ar value In, probably il could moi be-
sold for more at pr sent.
a. 4