The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-07-31
SIXPENNY SAVINGS BANK.

FA1iN1 IaE DEfos1IonS FIFTY FER CENT
DIvIDEND-GHEAT RUSH AT THE BANK
SCENES AND INCIDENTS.
The announcement that the sixpenny Savings Bank,
which closed its doors four months ago ON the i'm.
inenss number Of 81, 500 deposors, would commence
paying dividend Of atty PER cent yesterday, had
great Interest Tor the multitude concerned and as
might be expected there large and early attend
ance at tho bank doors long before ten o'clock, the
hour for its regular opening AT O'Clock IN tho
morning men and women, boys aud girls, had already
taken up positions convenient the bank entrance,
but many OF the early corners Jailed to get the
first rush, failed again At tho second, being weak, and
therefore forced TO the wall each time Some OF them
even failed to get in At all and will have try their
luck over again to-duy. IL may DO imagined how
miserable the latter class have felt alter being
all day long their ieot the soaking rain and
without food. The sidewalk in Astor place, ut tho
side entrance TO the bank through which the
depositors were admitted, covered for hundred
feet or SO by dense soothing mass Of both
sexes and oil ages and conditions OF lite
IL was wedged SO close that within Its extc-
rior limit could possibly get out, and whom one or
two nude violent effort in this direction the whole
crowd shook and swayed like one man. There were
q few dozen umbrellas overhead, and those who
happened 10 stand under their dripping poriphories
had 10 stay there and endure the irritation of nu-
merous and constant rills OF water cours,ng down
their backs INSIDE their undercioihing
CHARACTER OF THE CROWD
Women and young girls OF the working class were
In strong force, holding on like grim death to their
bank books. Boys Of the selling and en-
up professions were numerous. Stout and swsrthy
laboring men were there with eager, wsttul faces,
wondering in q vague way to the meaning of fifty
per cent dividend. Occasionally men, but more ire
qucntly women Of refined looks though In seedy gar.
&. an
anxiety visible spoke ooquently Of the hard times
prevailing. But 1t was by no means melancholy
concourse Jibes and jssts passed TO ana fro accom-
panied by merry peals Of laughter. The policemen
had woiul Lime and wsrc made the butt of many
orders to ..Keep back there' emo pushing from the
oursidel" ''Stand on the steps" 1t was TOO weak
piablc crowd to use clubs upon Twill yees step
that scroogin' behind me there ?' cried one OF the
stnlwart officers In hts strong Corkonian accent
on oh ~ ana
80 go home" replied one :, ia the crowd "well go
hst'l do for you. that has your pay sure spoke up
'l'll engagc,n exclaimed another toilsome son, ''f
the pceiers dldD. got their psy they'd make out
.ye're tslkn' much II 70 had dollars IN
baak AM ye haven't ~ much a. ud ouy victuas for
push from behind the ofncsr, and he turned sharply
about and. cycling them with an attempt 70 look
terocious, roared BE aisy, there Will yszs AM 70
THEIR ANXIETY TO HAVE THEIR MONEY.
Tho VANGUARD Of the crowd stood ON the top steps
tervas OF nitecn or twenty minutes policeman In
side she gates slowly and cautiously opened
such moments thrill Of excitement passed through
the throng and strong forward pressure followed to
boys entered into the thropg Win great zesi
.'Bet yer half a. dollar I've so: more In
fellow with shocking bad hat ana without any coat
TO unother fellow with the Same characteristics, and
the iattor replied spiritedy, 'Bct yer cents yer
haint got half dollar IN the bank yer neck, !"
"And II he had,' supplemented third diminutive,
hs only gets fifty cents per divideni, and he han't
10 the Interior OF the crowd the beat, con-
fined by the umbrellas and vaporized by
IN, IN ram, furnished So om ee mussI Da.h
stout habit appeared ready 10 fainL Inside the bank
queue OF about forty depostors conssantly extended
from the entrance 10 the paying tcer's window but
IL was beyond the power OF the bank officers 10 put
any dspositor Through In quicker tune than three
and ne 20
compared with his original signature. AT tue
to have been paid yesterday Most Of tns depos,,ors
were claimants for very small amounts, ranging from
eighty cents TO So but there were some thai had CON-
Portable accounts, and ono woman seon to receive
a check for $50 on the Union trust which she was
utterly puzzled what to do with. but Was finally per
suadea 10 take and be happy.
WHAT The sEcURITIEs REALIZED
Mr. William h. Russell, the receiver, took charge
April q. between that time ana last FRIDAY, WHOM
his accounts were passed upon by the Court realized
and collected the securities OF the bsnk $96872 "a
The deductions TO DO made from that $40 0O0 aud
interest to the Nassau Bank, 81 400 spplea bond
and mortgage by order OF the Court aud 400 Tor
pcnsss up to date from April Tor insurance, repairs
property owned by bsnk, Clerks salaries and inci-
dentals OF bank assets lett which TITO receiver
expects TO pay the next dividend OF thirty per
United States bonds, 49, 500 600 North Carolina
$37 00O Texas S37 300; baauce bonds aud mortgages
books $56O 000 real estate cost Sis DOC; call
loans, 5000. ana a small amount on Arkansas bonds,
ana fixtures, &c. There are d. depostors under
S. representing total Of 81 900 and an average de-
post OF oighty Genus. Tho heaviest dcpositor
Colonel Van Buren, who died Tho other day, and who
claimed for himself and family $50, 000 The pay
OF depositors will 90 on every day