New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-12-17
BANK TROUBLES AND RUNS.
EXCITED DEposIroBs BECOME CALM.

EXCITED DEPOSITORS BECOME CALM
, DIVIDEND or 80 PER CEST TO BE rAID SOON
rY TIE NATIONAL TRUST COMPASY-sAvINGs
BANKS ~ NEw-YOnH AID SEwARK.
The slight excitement among bank depostors III
this city and Newark. has entirely passed away.
Receiver Best expects to pay dividend of % per
cent out of the National Truss Company funds very
soon. The Oriental Savings Bank promises TO pay
dollar for dollar There was a run Oh tho Elizabeth
SAVINGS Bank Saturday.
NATIONAL TRUST CONPANY'S RECEIVER
MIR. BEsr's NOTICE TO DFPosfToRs-wHAr TRUSTEES
SAY OF THE C1MrANY's MANAGEMENT
William J. Best entered upon bis duties as re-
cei7cr Of the Nation Trust Company on Saturday When
inquiry was made about possible arrests he said
ne SHOULD BE- guided entirely by tie evidence when ne
might discover. Many deposltors some oil whom hau
given ten DAYS notice called during the day 20 dra"
ont their money If possible. Cones Of the following
notice were posted on the doors aud walls Of the Office
NArIoSAI Trust CONF IVY.
NEW YORK. Dec. -, 1871
National Ernst Company Of ihe cry or Nt~ 1oi4' DO
toiofe served mon the company. nor without order
from the cont. Depp,tors need feel no alarm IN fEdIu
the safety Of the funds Incy viii, feel sure; soon
be paid full, and MAY sael, con on dividend o, u,
with WLLIAI J. BEST, Receiver.
This notice seemed 10 quen all excitement President
Mangam assisted the receiver his work Of exGmina-
ton The bond 5ncu Ar Best5 bond George Caul-
field. of No. -0l broadway anu No. 81 south-st. for
$4,000; John J. Burchll, builder, at No. Us East
Forty fourths who is said to be large depotor IN The
company, f.r 100000; and Anthony $ Hope agent at
No. > Bond-st Tor $4,000
The capital stock Of the National Trust Company Is
81 100000. and the stockholders number 200. Among
them arr many wealthy men, bat 1t has been impossible
to obtain any list Of their some u the prcnl-
neut trustees express great Indignation what they
tenn the eqlyOcations oi M Mangam, the president
in regard TO certain Investments long standing. TWO
months ago effort ie looking toward his remoy-
al "IhC poor Investments said trustee. were made
10y the president bUt 10y other persons who have
since retired from the management. suus 81 OF ihcf
stock and le The t2u1Uut purchasers 10 bear me Dfih
the filiurc. bought -tuch Oi tle president, ana
IL is certain that could recover DAMAGES from hn Tor
mi,rcur,s rntatiou. which bee certainly matc. du OF
the opinion however tHtt he aud the rNrrrS and *
trustees, who Dqliyuc1tc IN tine same way, VIII cohe
forward ~ The assist or me Hrn VINO bought OF
them, rather tnon submit To- civil sUt
"Ic condition Oi tIc company ia better even to-day
fhau p WAS two years ago v 100000. Certain bonds
that were discovered tO be of il" value tne have been
uE;re3 until they are paying, today. Much unrlchdI
fused 20 loan money tn Trust Company upon good
the cStiiu1icu IY
Mr. Best at S1OOUjo VIII Doe reached 40 u Ills figures
are the lowest possible. OBJ curse. Im more hopeful hY
>urr, uy March, aud iAc!r 1911 remain Tor the stock
holders certain securities that now much Ccir cuted
Hut which promise 60 brcum. uctt'r'
talk ha+ been caused Dj tnc appuu MtNl oI MI
b,, @, receiver, since hc Hs position iu tlc biAihg
department. 40 question was male OF Air. Br-ts
honesty efficiency 'ut . Was irlci au application Tor
some one else IuiuI made hv the Attorney General
which would cause mula nIi-utUn and expense.