The sun., 1878-03-30
TIE SlXPENNY'S RECEIVER.
JUDGE HESTBnOOK APPOINTING 4
SJUGER1fES B.iNkER
The Bnnt 60 he wound up without Unreces-
.ary Dciay-Is.t Evenings Meeting OF the
pcpositors-A Ouestion from Washington


ncpositors-A Ouestion from Washinut "n.
Tho Acknowledgement appeared before
Justice Wcstbrook. IN Albany. ys'irr'lny. on
behalf OF tho Banking Department. in relation
to the order to tho bnnk TO show why u re-
coivcr should not BE- appointed. The Attorney
General snid tho management had been bad.
and that IL was shown that the liabilities OK
cccdcd tho nsscts. II would be wrong to allow
the bonk to go on. The rcpor, showed q deficit
In tho assets OF $50 1876 IS. and u deficiency in
the income OF tl01ii43.
Mr. Marsh. for tho officers Of the bank. real
an nfidavit from the President. MIR. Milcs. who
stated the number Of dcpositors at about 30 900 (;
that. to the best OF his belief. the alleged deficit
OF tS2 .425.25 IL erroneous. and was arrived Mt
by nm undcrvauation Of the assets OF the bank |;
that upon an examination made In January
last by the Appraiser Of tho bank. there was no
deficit. but n surplus of siG0 900 or thorcabout
but that in the present depressed condition Of
real estate thcro might bo deficit; that IL the
affairs OF tho bank can bo wound up by the Of
floors there will be n saving to the dopositors.
and that the bank has always been managed by
tho officers for the best interests Of the dopos-
itors.
MIR. Marsh did not oppose the appointment Of
a Receiver. hut nsked for n modification Of tho
ODlePtHu tn safe nnu lOrcclOSure.
Judge Wcstbrook was glad that thcrc YVES no
rcal objection made to the appointment OF re-
ccivcr He should not consider the salo to be
any violation Of the Injunction. as its proceeds
would go INTO the hands OF Il rcfrrer and not
into the hands Of the officers of the bank. He
n receiver for tho bank. Hc was not prepared
To name him nj the present time hut would do
SO after consultation with the Attorney General
Later in tho day the judge appointed the
Hon. William +. Russell Of Saugerties. formerly
member of Congress and Pr'sidcnt OF the Bank
last evening that Mr.. Russell has accepted. and
VIII at once enter upon the work OF winding up
the institution.
There was not much excitement yesterday in
front OF the Sixpcnny Savings Bank. although
y few anxious drpositors were To be seen ut the
not read the newspapers. and did not know.
therefore. that the bank had SUSPENDED. The
private entrance thnt President Miles uses was
bank.
Last evening abou, 900 OF the depositors-
men. women, and children-mct in Germana
Hall, in the BDwery. 1t was not known that a
receiver had been appointed. and the tone Of
the, meeting was against such an appointment
Albany and consult Judge Wcst6rook.
Mr.. Marshall denounced the ON 'ers OF the
the crowd. Yes" MIR. Marshall said you
cheer. but not ten minutes ago you voted to
continue these frauds in the manaeemcpt Of
Let us have receiver" tHssos.l
Mr.. Gibbs, the dairyman. was appointed on
the Albany Committed.
This evening there is to he another meeting.
WAsHiNGroN. March 29.-Citizens here are
curious to know whether A. B Kirkland. who is
reported as examining and closing the Six
penny Savings Bank is the same Kirtland who
getting DeGolyer and Mcclellan their paving
contract from Shepherd through the agency OF
Garfield. Kirkland was induced 10 secrete him
self from tho committee for long time. and
carefully, prepared TO screen Garfield. and
which did conceal the facts concerning him
that MIR. Giover's Investigation aftvrwnrd de-
yeloped; II tsrned out aiterward that Mr..
LONDON. March 30-The morning papers an
nouncc In somi-o official form that they hnvc
reason 10 believe thnt the Marquis Of Salisbury
WI succeed Lord Derby rs Secretary OF State
The Tondarfs special despatch from Com
stantinople. March ~ via Syra. says: Gen.
Nclidoff has addressed note to the Porte de-
manding the dismissal Of the British fleet from
Pasha communicated the note to Minister Lay
ard, who. in accordance with tho instructions Of
the British Government replied that the feet
would remain until after the departure Of tho
kusslhns from the environs OF Constantinopc.
Tho Porte handed the reply to Gen. Felidon
without rcmark.'
lNoTE.-The foregoing should be received
cautiously, as direct telegram from the same
request by Safvet Pasha for the withdrawal Of
the fleet merely as prohabiity.l
Inc IoSi says ruinor was current IN London
last night that the Right Hon: Claiborne Hardy.
peerage. and succeed the Marquis Of Salisbury
as Secretary OF State for India. Col. Stanley
now Under Secretary Of War will succeed Mr.
Hardy.
tief,w probably visit Berlin. Paris. Rome. and.
finally, London.