The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-03-29
MILES'S BROKEN SIXPENNY.
Angry MONEr-S1yING DEPOsITORs
BEW1ILING THEIR LOSSES.
The Neglected. Oaircrs A~rniaucd-An Effort
to he Made To Have Them Indictcd-se
Gus Losses for Thousands of Poor Persons.


From 10 o'clock yesterday morning until
about in tho evening there was n rush Of anx-
ious depoeiiors ut tho doors OF the Sixpcnny
Savings Bank. There were many persons in
the throng whose appearance showed that they
wore OF the working classes. A bootblack. with
his box slung over his shoulder. stood at the
side Of n poorly-clad working girl whose bank
book protruded from the pocket OF her sacque.
One had lost IS. the savings of four months.
and the other gricvcd over the loss OF nearly
5000. 1t was all | had" the poor girl said.
and I'm out Of work. God knows what's to
become of me. | was two years saving up that
money"
The Police Department had anticipated trou-
bic. and there was squad Of officers Mt hand
to preserve order. and. guarded against
intrusion. the clerks in the bpnk worked steadily
at their books. They refused to admit any one
and informed all who inquired that President
Miles and the other officers were not in.
The throng in front Of the Astor place en-
trance TO the bank numbered mt least 200 in the
morning. but toward noon dwlndlcd down to
less Than 5n. II was constantly changing, al
though there were some women, hoping against
h9pe. who kept their places all day.
the piii' amt trustees of the bank displayed
good l9dSmeni IN kerping out of sight, II
we lived south. ono hrawny victim said. wctl
have little hanging match on this thing. Ii u
few sWiullns onirrf- aui trustees II savings
banks could lr hung ON lamp posts this falling
business would become less common
Mr.. y. u. kirlland. the Bank Examiner says
that the bank received deposits which could
not hc made profitable. II took sums as low as
I'VE c'Ai,, GIVING a. bank book costing about
that amount to each depositor. Then II the
ltitrF. AtNinE 'rnuulhlci lew dollars. was
dr~itpu- ni withdrawing. he or she could do 80
40 Viii, with the privilege Of coming ba X az any
time with % i've cent deposit and getting another
nNc-Hnt book. Mr.. kirlaid is c'rtuin ~ TO
the percentage Likely to be- paid 10y the bank.
lr"ierring 90 deter Tho expression Of an opinion
Until alter the appointment oi "a receiver.
The cases If distress caused 10y the suspcn-
sion oi the bank are almost numberces Harry
MrAnirew-i "a harkeeper ont ot work. lp-t
$500; John Dairy. n laborer lost s2uD his only
means ana many others could be named who
have luSt all the savings Of years Of patien, toll
unu endurance.
About l,O0O ofthc depositors met IN the large
hall OF the Grrmania Assembly Rooms. last
evening. iu take steps 10 protr" their interests.
Among them were many women; girls. and
boys. Dr. David Brcke- of 2j9 East Tenth
street, Tho Chairman said: was greatly sur
ny savings Bank had been closed and ordered
g. show cnu-c why receiver should not be ap-
pointed. am sorry. not only for myself ~ am
drlostor. hut for the many hundreds ~ poor
people, grown folks and children. who have
worked hard and saved their pennies nni doll
would havr been better If the State Department
had not ordered the bank 10 hr closed. but as
u" stop has boon tnk"n it remains for Ms to 500
what ARE the most advisable steps ior Us TO take
under the ciryum-tan oc-.'
George T. Knapp was nominated for secre-
tary Unl one oi tho dcpositlrs said; " ] object
t. Mr. krapp because ho is an outsiler-a bank
the Gcrmania State Bank in the Bowery. and
want - know what business lie has here
Thcre was much confusion. Mr. Krapp
pulled a SlNpenny savings Bank deposit book
positor in ho closed bank. ana | rather guess
have right 10 be here.
There were cheers tor Mr. Knapp, AMI he was
unauimom-y l'f'i =" r,i'ry.
siuai said visited the officer, Of ths Sin
penny savings Bank to-day ami they told me-
thai thev could have paid Us ninety cents on
\ i4an ID the laek part Of ihe hail shouted:
m"Ne that tni- meeting expresses q wish
point % receiver for tins bank. There are
m"n wh? wreck banks and -et Fat Jobs as re-
The motion was unanimously carried.
Mr. J3s'ph N rNamara sait; ~ W2ye that
torney i'-murrow morning and take measures
o. ect tI!" officers of the SiNIenny savings Bank
lhdl ted for perjury In swearing TO q false re-
VIE. nm thr"e thilircn have ali Of our liiiie
savings, IN the hank and | f"el deeply inter-
sworn To- lies want the a1cndrrs -nnt to the
state prison, whore all perurers belong.
Noi,e-Thai's too premature. Let's wait
two or three days before Wa take such an i'm
p'rlHht step We want to"get our evidence
Mr. McNamara and others insisted on i'm
mediate steps To- have indictments found, and il
was unanimously voted that q committee visit
The District Attorney within one days time.
The following named depo-itors were rhos II
a. the c,ommiiieo; Charles II Macy. RAM ial-
lahan, Edward VI eGovern J. \. Marshall. q. +.
Knapp, ii. hawak. and tho Chairman Of the
meeting.
The same committee were also instructed TO
see the onlccrs ot the savings bank and get from
them al the information about the condition Of
the bank that can be obtained.
Mr. William Callahan said: The officers Of
the savings bank received money on deposit
after they had been u, tilcd Of the action OF the
State Department. III ey got notice to stop at
"a o'clock. and at pa iclock they took s22 ON
deposit from me-
The dcpos sitors committee worc instructed 10
report AT a mnss meeting. to hc held in the Ger
mania Assembly Rooms this evening.
REJOLUIION IN HIYTI