The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1878-05-28
sPOUTED SAVINGS.
That IA the Condition Of what you
had In tho state Savings bank OF
this CITY, or n part ofit Has
0ouo NJ last
Tho InsiIiutlOn goes BY the hoard with q
frash, with s5i 900 Liabilities and
$4,000 Assets, which are In The
Hands Of Asslunees.


Itat ~ Assetts and Liabiiiues--In-
eidents ON tho strcess--Au the ether
Hanks in u solid ccndisiop. W
The frat bank that ever suspended
In Dallas went by the board yesterday
II was the state Savings Bank, Ever
snce late Friday evening a few have
known that the bank was In a totter-
Ing condition, hut the bubble did not
burst until yesterday morning,
The bank was Incorporated In 1876,
and commenced business on the LIST day
OF February, ofthat year on an authors
lied capital OF one hundred thousand
dollars, ton per,centum. OF which was
paid 10. Mr.. E. III, Gruber, tho presi.
dent, being the largeat stakeholder.
Later, ten per centum was again paid
In, making twenty thousand dollars
capital upon which II was doing BUSH
ness.
A good share OF business was nt
once obtained, ut one time there
being eighty'iive thousand dolls
lars In the vaults belonging TO
local deposItor,. The gener,l a,s.
trust OF saving banks about
the years 1915 and 1877 affected the
business Of this savings bank also.
From that time on tho hank has haen
In a weak and shaky condition. Al
one time last winter another banking
arm had to tide II over but ~ ta,si-
meas seems not 10 have rec,,neratea
since then.
Mr., Gruber went 10 Nav yerk waek
before last to negotiate for n loanl ~
SIS 600 with his correspon.lenta DIN.
nell. Lawson & o.. banLera ~ that
clty. For tho loan az thls snm ha nro.
posed TO turn over collaterals worth as
he claimed. twenty.aye thousand dbl,
lars. Mr.. Boone. OF tho Nav york
banking firm, came out here on T,ues.
day last, and after making thorouph
examination OF the securities offered
nv MIR. Gruber. declined ia max . the
loan.
This unfayorable answer was given
Mr., Gruber somo time SATURDAY.. after
which he made an effort to ret assist.
ance from Messrs. Adams & Leonard
and Captain A. f. Hardie. president Of
the City bank. Upon submitting his
securities to them his REQUEST for assist.
ance was denied. He did not know m
10 an early hour Yesterday morning
that he would be denied the amount
asked for, and claims that he oould
have gone on. IL the assistance had
been forthcoming, The news had
leaked out as early as SATURDAY. night
that the bank was in trouble and It
was the talk on the streets all day
u.na.v
T.r,,, nas,araov ,oor,,,c nno.s 4,
Js0.e.u"1 Ano.' "
men might nave neen seen standing
about, here and there, talking the
matter over in low snllen tones. MANY
,a',,a.,,,r, !, !, i, ,,s,,a, .a.. 4, 49,, !,
"onuoiik = ~ .''o "'""A nou' wy uahn
would open. some pr0phesled that "
would and others that 1t would not.
4 s,rt ,s,,a hasora r,na o,o,ooh az
80 ".a.s,., s....., s.,,s s ~ I.
a. .,a.,. ..s,ss A., 49,. s.s -
w s'a ~ a,.,, - aa 80. .s s !.
ESQ., " 49, aa.s, = AZ "'s ~, "s',a ~
as.,,,a; y t Is.t ana ~ daars ran.,n,aa
1900 ~ - ,s,,na haaa :, ! ra..,a.a -,
49,, ~, :, s.,a..,,a. 49, !, 49,, III.
49, a = :, sr i.,....,. - ~. 80
sO mi, ,s,,s M s..'s.s = ..ua.s0s -
sa..', 49, 80 H., "sl .as
~ ~ pussy - .ao aoo' ~ .oa'.ns
.na' :. "o..1 v'0a.0 a-n00e'sa.y -
ol'e'nen'' ~ WIS us0'ueu my y po''
~ Norrcpt
ow,no q racent heavv demands
upon the State Savings Bank and its
inability to realize upon its assets to
meet the iut.ner demands a.,s9 ~, mne,y 70 I %
ransrsl va ess,onmant 10, Tia snuai
Benefit Of ali its creditors. A meeting
of creditors will be called at an early
day. - 1880,
u wos MT ,ono basora q hacams car.
oxa,,,, rnown that tha sss;ormsrt I nod
naar made Soma lauobad and ,astad
sho.,, ~ m.ttar wh,Ie tha hlow that
al nnon othars was narc,ntIbls. tia
,oss No doubt haIn0 kaanlv felt n these
,,..,, $780,.
iu a,,. ...,s ~. .,,,, ,,,.h or.,,.