The sun. [volume] (New York [N.Y.]) 1833-1916, 1877-12-14
NEW WARK'S BANKS BESlEGED.
The gn,.tnor. the secretary or state. and the
At0rnry-G -Grnrrni MAKE AN Termination
Kun. on Three bnnk. " rkingmen and
women Iscitcd The Newark's securities.

ysfad newark yesterday morn ng to discuss
with Chancellor Ruuyon the condition Of the
N.narn savings Institution. Their arrival was
tel a.hod to this city. and It gave rise to n
run r that they had placed all OF the savings
bana. oi Newark in the hands OF the Court Of
Chan0ory. Considerable excitement cnsucd in
banking circles. 1t being feared that II such ac-
ton hai been taken hy the NV Jersey authori-
tes % would have u disastrous effect upon the
banks ~ the entire country
Ianurirs in Newark yesterday showed that
In d. .urlance with tho y " J r. y law govern
ing savings banks which requires that when
fts trowius suspicion ON the -oun.inoss Of a
bank ate brought To- the notice Of the Governor.
Attorney General. and secretary OF State. they
shall immediat.i, institute an examination
and t..sp prop action. tho-H OH 'ci- had dis
ouae- -d with tho Chan ''ilor tho cord tinu Of tho
N.Nlrk Savings Institution. and. ait"r he had
Lri. 4, explained thc nature Of the stcIs he had
tak %. hli resolved tp allow The matter To re-
man rs it Is. The Chanrcllor's action was
doom 3 the he-; that could have been taken in
ueri4'. ~ on 'ial aH ton WI $ tax. in respect
tot tl banks. and the Govern 2. She Aitor-
H., % neral. .ui thr secretary OF State left the
CIT raV.sitof al at two hours.
Tl.e wds iutrus' excitement in Newark
tbio1.-hout ihc ,ulrr day. Hundreds II men
n.
Dmr. nd the II Hgrl savings Banks ~ early
a. HsAt O'Clock Ia the morning. There was
uin-irI doubt. fear. AMI hope expressed in
s,efy iar'. and eyery ht 81 n VS. concern ne the
sol. ,nn Of u bank WAS received with painful
sag rnHS-. The mechanics and sewin. women.
Vhn have their savings ~ v"ars in the savings
banks were very anxious to withdraw the r
money Tn" action Of tho wark Savings In
EItutIon had destroyed their faith in banks and
roa.' their cnmity AGAINST hunker- Men auI
n0n ran from on" bank 10 another. asking
al sort. of questions. and rrfus NJ To- act upon
anyh0dys advice They want Il ther money.
sni would sot 1t II po-si ile. \ few threats we're
uadr ,rniust the ofi vrs of the y wark SAVINGS
ln-ii.Dllon. but no di-turhIncc took place. The
pt0p.r were r.markaniy cool. cons s,drrins the
cr. Stances There wis a desp,rat. rush
NA.u thr doors of the banks we're opened at 10
o e.uu' The police kcli them in line and
rrs rt.l coniu-on.
~. warA savings Institution was the
Guar ". interest. Tho cl.r,s were very busy
- i. Atu9-'t0rS eighteen pr cont. Of their
is. uuaDr ths ur.or - Oh" tlauD cNor.
il i..- z q post r-w ~heuy, untl / 81 .. K.
I..Nnr oi coANi-n.. s..ucl o. t.hr.
= -'u col tn.'n. ana l.r..'t = SIR, f.w
,l"r i'0n'' ,Th,, s's Lai ont
-
N.r.. f-'civri f'.-f.r I.V. q. h. iue -f.l a- t..
.'r n"' ..t 3. 4 4'w riN tl,l tii-
I''b uni f-i'f 20. nh w- O. t'.~
) 81 "i 'I.h ..'t "uAt NN. tn. t.Ht nr
''. ,,.,; VA, '.'i d .l.- t.' .- li.. t,'. i.r
,. 5ra irI ai en- ,gS 30 I"g .--. ., ,,. ys
5llrs ,.n'r prupir u'stl, women nutG .rman-.
f' t'. unl"r-i fn! ti..-. .uud'arl O. Iut that they
v N.'.r i-f.'' ilDi tl.n ,lEi,t' 10 b cent.
,.-.N o.. w,nn, u Warr.n s,r.rt WHO has
800 IA iur bank feariu. tu.t -n. ri.lf .-.
'.si H. ID. tritd q. i-ap utr 81" rlunl ou N-d-
'. igy niEnt. A widow ~ '--,' husband lirl
" month, ago IN W." drp"-ited i3.Oul 40
-.r Wedn4s. ay eeht t.. An a,Sa E1Ss wsSseir..' r.
Wtul'r deposited ! ia the bank on Tuesday
n'i r. ln. youn. rlnn drew ont SO cents
-i 'dN, D"ing hi- Do b rnt.ig" ON a 81 drpus I.
.rvy "nn. AN Hgrd q rman woman. who lives
hf liz ~ ra..- nni '~'- coal. " - crying
a. ~ "t ol the bHlfi y'st rday morning. She
stid. looe two thousand dollar; all gone;
Ait.nr Divine, r,al estate dealer. issued
cir ulti say ing that b. would gise do y s.tors
hands 'inr building lot, frc-s and clrM of nll
iu'uEhfHnecs AMI TAX in exchange bank
b. and allow iull valu" for the sane.
:, 90 greatest ,' li"m"nt pr"va I'd ~ the
ht"Hri savings Institution. Il run having been
s'"it a. s4,r,n a. n doors Nr" opened ia tue
n pf IN" oh''rs AZ maha.. r. Of the
btnN h-ii II oon,~r"n %" \ uumirr OF we'll
knn~n bankers wrrr pr sent. and they advised
q" tltIuc aiNHntnIr o' tllrNO DAYS Aptic,. rules.
lht NniG "r- tn" tjik drrId.al unu '4in.uu--
Is b. pa, al deposits q IAN. on DEMAND. " In
iAl'"~t. THIS was don" yesterday \ ur-e
,lrour ~ men and womon hlo'kod up n.
do'r- from 10 o'.p'k until "a o'Do.k. afi
h"u-atNi- oi dollars wrr phId out Tn" cN-
y as T. wH- T. qu' nilv heard from tu-iuc-s
mn, WSh Na NWrl 100 itr Howard J.
H'lh -ND t"i". lNH toward has urHr.y
y -f''Ar ln GpN rnn.n bonds. about ,6ul-
r' u mortgages mon lWIfpN"d prop rty m
" y ii" "hd ~ g. ana or. J. St",ur .f-
"i' 'i. tf" ui4@lo"r"- quite az good az Govern
M.h -i~.
fti y .H ~ ni'rlonl ia" FRO -'d"nf, hnI Mr.
.H- fH y. Mite. ll" ! 't'- If'r. w"t" found ia
~ tiiN ~ r Dl tN" huhe iN 20 rfiNttrr Iui
Ih. -tN. Nl Nuu ir."i AN '..'fIj. hur-
ITt' g. ut rluuA, aiut W. "i" t.l. t. IlI
'ii ID. ''at.lf- a- e. Fl a- 1. i41y opu". W
ntt'i s"i -n 8 t'tN.f - r H'il" iN-rinrr1w
i' a h"'rr n.fN q. w. nHn turn our N'-
~ -i| -.tf .- .uI u'i ,i"Hu U.s. W.
1. h.|l .i..t i'- %. 81 I.a o.. hln'- nnd mort
ultts mis- Vs. o. . -i' uu',
VI h"t tliii' -'"N. id' nnl iN Fr"g oar Ne
'- offs 'n h i..'.hd -'ir'. 'h' l''.I.- woo !
l' '"'aI a tl U.S.. I7 I- 20 ~.N.f.-- ia.th. -,r. |
n4 nn-Ii' ett N-- l"na IFS n'alt |
i.' ~ IN i'lNlr, l i7 !
"N' it 'i'N ". Fl'T ,r-.t t,.t "a
nl.. nf0N OF L II- n..t- (
''.' 'i ''.''' I'.n h- 90. f-'.n l- mot. /
"l ~ 'r." iu " '-- i"'hh. B NIH} -l5.
5''i ,.", "' are are h joe 'AY our IL ."s iN, every |
'' ~ "'ul"Hi' y run our i"lh "u i.r "il ]
-, -"'' w ''-"i u, 7"Nl' ,iiN Lt Hl /
q" II" ''" 10 S'p boF'IhI'Il "ih'ls 10 @rt lnuh"y /
NAa - B. /