The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-04-14
TIE SlXPENyY SAVINGS BANK.

THE SlXPENNY SAYINGS BANK.
ANoTHER MEETING OF THE DEPosIroas-EE-
PORE or THE COMMITTEE APPOINTED Io
l. JkvEsTIGATs THE AFFAIRS OF THE BANk.
The sixpepny Savings Bank depos,tors met at the
First District Court yesterday afternoon 10 hear the
report Of the COMMITTEES appointed a. former meet
ing 10 investigate affairs of that institution. The
attendance was large tnat fuzzy one-haif OF those
present contsnied themselves with stauding room.
OF the crowd beng able 10 get further than
the door leading into the court room. About twenty
careworn anxious looking females were present. and
watched the proceedings with interest, IN the
hope OF receiving some ASSURANCES IN regard TO the
safety OF their nard earned deposits The men were
principally OF that class which ABOVE ally other can
III afford 10 be vctimized.
rHE REPORT.
Tho Chairman. Morris +. Dowiey, having called the
meeting TO order announced that the report OF the
committee previously appointed BY the dspositors
ready, and requested Charming stebbins 10 read
the same, which he did. as iollows:-
The undersigned. committee chosen BY the depostors
q s ns Saph r Uaar ssa House us 'as
investigate The affairs OF said hank do respectfully report
First-Yoar committee called upon tho rrsnden. and
70 whssSer they believed the bank inscvent 1t
by the Of the bank Department TO
the that the IL clos
second Your committee also learned from reliable
authority that there existed among the officers and trus
and disnonssy that have fallen
~ Ss sS ssmn,,sss have sassr.x Of
81 o. the o T. ona he ae
Fomrtl-We find that Of ,hs bonds and mortgages
the bank either sosoatsly pad Or insnnicenty
30 What are Known !. the spoord
Tor Of opinion that there ground Tor an
federal government were parties TO this seemingly
CHARACTER or ASSETS.
ns nGnr #. ne ss.h are AND
mortgage. real estate msrcsnss rrus. coIp.n, stock
sonds New Yos. cis, bonds. "a. dsrs
~ 'ss g. I
dsr sns relief 80 a. pna a. S.
soo.ys Bd. U.s.
s5 =. bonds s @
resent about $ao Tor which there Is full collateral
ia@ Tho bank examiners reported that March they
on hs hsn Ss :. hs ss
Basasrs broysfs BANK 81 ao2 park National Ban.
q Ne Also .arn nom the i1s.dsns he
@ ".n ~ On %.s Ssas.
four days after the had ne hrs drst
az so sn s' 70 siis4s had Sssa drawn on %
the had dwindlsd above stated 70
$4,000 The inference which most naturally saggssted
the President received early Information q the probable
lore the doors were closed By the state
nu%sss q eposors a . !, tn.ywo
the comforts Of life TO save the amount Of
ABOUT THE RECEIVER
s 4. s sas s sss the Ss
appointment Of receiver wa; tor shs best interests Of
recsvsr we qualified for the position which no hos
and entitled 70 the respect and so snse Ct the deposit;
sat i he de 70 avoid IL ssnr ap
sassa.ss which have the closing up many
''s;a '.ass ,s,, all de-
potors not to listen for to otcou parties who
ms Bank IN the hands q assnse Il e.n.rup.sy IKE
YEARS ING ago ana Is s
Tenth The receiver inforus that he viii declare
r 1.ssa saS '
IN the dollar All their deposits All Of which Is
respectfully submitted.
S SfT' Sa}aI 1 saass|sl SsDAA''
A ss: hn 4. obbad5wlinY Chairman.
A WORD FOR THR OFFICERS
AT tho conclusion OF tie reading Of tho report .
motion was mado that II be adopted. Before the mo-
ton was put. however, Mr.. Ocott asked the meeting
10 pause before adopting the report rs 1t contained
many assertions which he, as cepostor, could not
concur In. Ii TOO severe tho officers Of the
bank. He believed In giving the bank officials time
to dispose OF the real estate on hand Sdvantageousy
and expressed the utmost confidence In tho integrity
oil said officials.
Rev Mr. Rodn,an, member Of the reporting COM
mittee at the request OF the Chairman stated that
pains had oeeu taken ascertain the condition OF
the bank and the prospect for its deposiiors, but
that the more he looked into the supjec tho darker
IL became and he ventured 10 say that the condition
OF bank unprecedented in the annals OF bank
robbery In this State. my Information the spsakor
Bank, was got only by system of corkscrewing
A voics-wny didn't you screw tho lite out Of
Mr. Olcoll mere again spoke defence OF Mr.. Miles,
and attempted TO explain the real estate TRANSACTIONS
VISIT rnE DISTRICT ATTORNEY.
A deposition interrupted him, saying that II was
useless 10 talk about tue value OF real estate
what tue deposIlors WAITED was their money. He
moved that committee Ds appointed 10 wall on tho
District Attorney aud ascertain whether Or not the
done, ana criminal proceedings DO commenced OF
threatened he mad no doubt that the bank officers
would quickly como forward and make good tue de.
ncicncy 10 the deposiiors. Ho thought they were
aD.e least for tue offence OF perjury in swearing
10 false condition OF The affairs oi the bank.
AZ TINS stage rreprssslbc tall man again essayed
q brief defence OF the bank officials. but his words
Voice from the Crowd-Mislhcr Chairman, / see
the gintleman VINO last spoke Ia coniab with Presi-
don't M % this mornin'. tLaughier.)
Another depositor moved that committee DO APP
poipted 10 walt on the Attorney General and learn
whether the bank officers cannot DO proceeded against
crmnaliy.
Mr. steuOiDs stated that the receiver was the on ~
proper party commence such proceedings, as he
~ possession OF tho backs anu papers OF the bans,
and IL would DO impossible 10 inaugurate any such
measure oil redress without FIRST investigating the
books oil the bank.
The question beng on the adoption OF the report
OF committee was put TO the meeting and carried
unanimously, The tall man having mystcrousIy dis
appeascd.
Alter some further discussion . motion Was adopted
by when the committee whose report had been read,
was instructed TO ascera II the bank officials can,
not be prosecuted criminay, said committees 10 re.
port In The premises at meeting o. the acposItors 10
be the place. on saturday, the 27th inst
PROVED AND ADMINISTERED.
During the past week the Wills OF the following