New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-04-25
CLOSING TIE DOORS.
ANXIETY OF me DETOsITpRs-THE OFFICERS REII-
CEVT-pEPOsITs RECEIVED YESTERDAY.

ANXIETY OF HE DLfONiIpR~-IHE OFFICERS KILL
CEVT-pEPOsIr7 RECEIVED YESTERDAY.
The doors of the Tcutonia Savings Bank,
which Is at No - AvcuuoA were closed last evening.
ON Wednesdays they usually open from to
y. H. Il was not until p. yesterday
that It became generally known in the neigh.
baIhoOd that the order mad been received to
stop business. The news that the doors closed
quickly spread from mouth TO mouth, and. be-
fore 7 o'clock IN the cyeaing two or three
hundred OF the dcpostors in the bank had gath
cred around the building at AyCnue-A aud Second
st. No ono was admitted however. and no Information
could obtained b the excited thrOng outside und the
people finally dispersed s without understanding the
closing Of savings bank looked upon ia that part Of the
city above suspicion. From such Information as could
be gained from Others than the officials OF the
bank II appears the order 10 suspend business must
have been received early in the day. but was not acted
upon I'LL the close OF the usual banking hours Deposits
were received rs usual, and the first suspicion
Of trouble arose account OF refusal to allow with
drawal In the afternoon.
Tie Tcutonia Savings Bank has been very popular on
the East side, and has anon. It's deposors
great number of the German residents OF the
Seventeenth ward, in which it is situated The
fact that its doors were closed, and Tie earnings
of "a lifetime locked up-pcrhaps lost In paIt-created
great deal excite mcnt In the vicinity though there
were many who believed in the stability OF the
bank. The officers Of the bank were rctlcent
last evening In reg ri 10 ls cohul'uh'
At the residence OF John Scheucrmann the president
In East Seventeenths II stated that he had been
very III for the last week. and could not any one IL
was stated that his condition was such That IN no
event could he DO disturbed. The reporter who
lnado the inquiry was told aftcrward, however,
that Mr.. schcuermann had been seen frequently
in the vicinity OF the building during the
week 1t was stated by some personsl among the
gathering OF depostors that Mr.. Schcuermann had re-
signed his position as president OF the bank some time
ago. and this had caused suspicion among many that
something vas wrong but the resign had not
been accepted the temporary anxiety OF deposors had
been generally removed and confidence IN the bank had
been restored
No information could be obtained at Mr.. scheuer-
manns house even as TO tho other directors OF the
bank there seeming be disposition TO avoid every
inquiry into the matter. The directors VINO were
seen afrerward we're uncOmmunicatiyc regarding the
affairs OF the bank though evidently surprised ut the
order to close IL.
John Thesis one OF the trustees, said that he had
every TO suppose according to the last statement
Of the bank that there a surplus OF $4,000
The bank held, he said, about $4,000 OF the
town bonds OF souhfed and Middletown Staten Island
which litigation The bank had brought SUIT 10
this amount and the matter was now before the
Court of Appeals for nal decision These bonds had
been thrown out by the examiners from among the as
sets, leaving deficiency, upon which they had been
ordered to close their doors.
Charles Merz. saoonkeeper In Fourthst. one oil the