The New York herald., 1878-03-10
THE UNION DIME.
Mr.. John Mack on Bank
Examiners Duties.
HIS PROTES
Record of the Banks Assign
ments of Mortgages.


When the officers OF the Union Dino Savings Bank
came to thcr building yesterday morning was anti
cpated by OF bnem that tho publication OF Ex.
aminer Bes,'s report would create renewed excite
ment among the dcpositors. The day passed or how
ever. without the least perceptible change in
tho business operations of tho bank, neither
moro nor less than tho usual average
number depositing or drawing their savings The
Secretary, MT sprsgue. said last evening whom the
bank closed scvcn O'Clock, usual. on Saturdays
that they had been too busy during the day to read
Inc lengthy report, but that deposors had by this
time become accustomed TO statements of whatever
sde and were no longer influenced by these reports.
They had all confidence in tho bank, and
longer to be swayed as thoy had been in the past.
JouS MAcK's srArEMgSr.
reporter OF the HERALD called upon Mr.. John
Mack at his residence. No. 365 Fifth avenue, to ascer
aini he had anything say In reply to the charges
contained in Mr.. Best's report He said that he
ferred to lay tho entire matter before the Senate
OF the State of New York, where all he said then
would become evidence ut ~ publication. Ae
was going TO reply now detail to
Mr.. Bests. report. Tho proper time Tor that
would come ero, where 1t could not be said that he
desired TO injure tho reputation OF any bank. Tho
Union Dime was now and always had beon sound
solid concern and he deprecated tho discussion Of any
matters connected with monetary institution in the
newspapers Whatever action he had taken Tho past
while trustee OF the bank no stood by now and
not ashamed OF any action transaction his part
wnile occupying that onice, never having received
| u dollar OF remuneration from the Union Dime for
services rendered, or sought any for any office
| IN the gift Of the Board As TO Mr.. Best's state
ments regarding himself ho considered them false
from beginning 10 end, not amounting 10
row OF pins limo would prove who were
The real bank wrec kers In New York. but ho would
reveal tho evidence had gst hered on these
points. He would say, however, now that the
why The bank examiners. Best and Lamb, were op-
pos ed TO him was account OF certain remarks he
had made concerning them TO one OF the trustecs OF
the National Trus. Company: When these re-
ographer demanded that ne should 20 to Mr.. Best's
ONCE forthwith and in writing re.ract the remarks
made condemning Bests and Lambs conduct toward
various INSTITUTIONS He said no told that II he
refused TO do so TO would be indicted, aud II he con-
senied he would be put first ratc 10 the report sent
| TO Albany. Mr. Mack declined tho proposliion. be.
he know what be had stated to be correct and
been the object OF persecution on the part OF both
Messrs. LamD aud Best.
THE MILK IN THE cocoAxUr
Tho affairs OF the Union Dino savings Bank were
not at all tho milk III tnat cocoanut, as hc would be
able TO prove during the coming Investigation His
entire record whilo trustee Of that bank was open
10 public inspection, ana IT, AS guardian OF The peo.
ple's money, he had opposed certain transactions
Of tho officers now no longer connected with
It he had done so in tho interest OF the
dcposnors. There was a time when three
400 dav ou, OF tho concern, ana he could no. and
would not approve It, because at tho Ime the bank
was mot earning IT, since .ns1' OF or course the ex
iion beng worthy oi all possible copGdcncc Still he
was surprised that Mr. Best mad not alluded TO this
So 600 thu, mad been made 10 Mr. Joseph ". orv.s
/. he Mr. Macx) declared that he had nothing
Albany So % and Washington on business ior the BANK
Thesc trips over series OF years Orvs spoke to
MIN ABOUT IL at tho time and he advised him 10
take tho money but Orvs said that they had been
his legitimate expenses Though he had nothing to
do with ordering the paymsn. TO- TO DO made no could
VINO opposed the payment Of that sum had drawn
over $780, 900 their connection with the bank
Neither had hc anything 70 say IN regard 10 the pur
chase OF ortgages such matters were always LETT
to tho control Of tho Finance Committee.
In calling attention 10 the protest he had sent TO
Albany Mr. Mack stated that the Bank Examiners
had violated the Banking law Of 1877 in calculating
during the examination OF tho Union Dime Savings
Bank United States and other bonds above par, and
also IN accepting me ioonss o. easers Instead Of
! all testimony, though gwen under promise
OF secrecy, was furnished TO the newspapers iu
evidence taken at the bank were excluded that
told against tho examiner. Mr. Mack in the same
proest aiso calls attention to tho fact tbat certain
pages of testimony accredited TO htm were not In
tended by HIM 10 be testimony at all. but merely
statcme nts what mad been furnished to the bank
| BY certain detectives, OF whom inquiry should BIO
| made, as he (Mr. Mack had no personal knowledge
| subject.
IN inc testimony the nature which Mr.. Mack claims
unknown 10 him, MS ho Was not allowed 10 see or
| examine them
| bank when ascertaincd BY examiners from those
connected with tho institution should be information
ior tho department only aud not, as hesoioforc, DO
revealcd to the public 10 the injury oil officers and
banks under examination. Examiners should not be
made receivers, as then becomes their interest 10
break The bank In letter this subject addressed
TO Governor Robinson Mr.. Mack says@
Examiners Will. assuming advocate the interests of
elbows in the depesitors' money roobng them have but
motive " in IN "snne am sesSr r pro no
emoumen beSeh.s or office IRON hs M
been long enough the 2sec, Of attack ey
to ssvc what Is LETT from unprinciped receiver
ships
THE MEssRs
reportcr Of the HERALD also called yesterday on
tho arm of Joseph N. Orvis Co.. No 80 Pine street,
and asked the senior partner, Mr orvis, whether he
had any Abatement make IN reply 10 Mr. Bests ro-
| mort concerning the affairs ol the Union Dime
| Savings Bank. Mr. Joseph N Orvls said: - have
nothing to say in regard TO the report OF MI Best,
which IA full OF calumDIes lar as II relates TO me
| hut / nave no detailed statement TO make"
MT Charles Eusiis Orvis. the Bank Examiner, son Of
tho foregoing gentleman, sait:-"i 40 not desire to
state anything Tor present in regard 10 The affairs
OF the department. That @ Y a., J have 10 say nov.
Az the reporter was about TO leave Bank Examiner
orvs said: want you TO DO very cautious what
~" .ss,aymrNr or MORTGAGES III THE ONION DIME
Tue records Of the REGISTERS ofce before, but par
| tICularly since the VI pIchcht ycW PTesoht
many peculiar features regarding the transactions
real estate by the Union Dime Savings Institution.
Thc HERALD reporter after thofougn search, iound
that since tue lst OF January last INC bank has re-
corded IA ne Registers onicc over two dozon assign
| mrnts of mortgages. the following carefully pre-
narcd statement VIII exhibit 10 what parties the bank
| made thsso assignments and what amount In cacn
| case IL received from tno assignee Tor 30 doing:-
| nj. of Amouat Of
| psco,I Name OF Assignee Ass,gnDent
| In 7-EIsha H. HK,chards............... $1,000
| In lg-s. Eugcuc Nlcnos .................. o,OvO
| Ian los Eugene N.cDols. s................. 1000
| In 1s--t;nrret N. E.Winant................. 1000
| In Is-t;arrctiE T. Ewinant................. Is 900
| y,n le-S Eugene Nichols ................ 1000
~ ~ t.o Uoo