The New York herald., 1878-01-14

JERSEY SAVINGS BANKS.

There continues in Newark among tho many thou
sands of deposors in tho Newark Savings Institution
deep seated feeling OF dslrust and anger toward
the management under whose control tho bank was
obliged to suspend last month, and vigorous effort
being made by somo oil the deposors to
not only bring about complete change OF
management, but TO have tho responsible
officers overhauled by the Grand Jury. Yesterday
afternoon a number OF German depostors held a
meeting at Turn Hall, in Newark, when tho subject
was discussed with considerable freedom and auiml-
lion in the German anguag. Tho Agitation Commit
tee made report setting forth thot they had secured
the OF Councillors Tccsc and Fitzpatrick and
had been advised by them TO apply to the Chan
ocllor Tor tho removal OF tho present Board
oil Directors OF the bank. Mr.. Daniel Dodd
president Of the bank, had stated, In a
municaton calling upon him TO resign. that he and
the twelve directors, all except one, ready
sign or would appoint such men in their places as
the dcposors might name, and then tho now direc-
tors could MI all vacancies.
ExAssomblyman Gottiricd Kornegar expressed
himself in favor of Keeping the present directors IN
Office until their management had bcon Investigated
by tho Grand Jury He was Informed. however. that
thor removal would In wiso alser their
lore the Grand Jury.
With the understanding that the list was to be sub
dition, should they hold meeting, tho following
names were presented by tho Agitation Committcc
und adopted Us the choice of the meeting Tor new
dircclois:-Jo osepu Henser, Noah Blanchard Herman
Schalk, VI. Il Dennis Mayor Henry j. Yates, David
VI. Mecker, Theodore MacSnii. JuGs Brosc, James g.
Barnett, Horace Aiing, George ii. Wilkinson, Ell H.
Reynolds Charlie. Borcherling, Alexander Nichols,
Isador Lehman. Juius Slan, Joseph kcicr, Fred
erick Rcnholi and Cuarlcs Ncumann.
resolution seat by Icv. oscar Krct, who was un-
able TO attend, opposing the supplement- u the Gen
was referred 10 tiie counsel above named
It is Understood that tho matter VIII be brought
to-day before the Grand Jury, with view to getting
that body 10 probo Tho past management OF the bank
10 tho bottom.
STATE SAVINGS BANK.
Great excitement prevails respecting the State Saw
nss Bank OF Trenton. OF which J. r.. frecsc Is vIcc
president; H. e. Frcesc his son, cashier with another
son IN tho oilcc IL was the rchtiv,s OF TINS same
Freesc family who ran tho JERSEY Cny savings
Bank until secretary OF State Kelsey assumed
charge That Hurry occasonci such dIsiru,t
spocting the ''frccsc bank" that number OF dcpos-
tors gave the required Two wceks' notice, which cx
pred yesterday ". H. Skerin, acting Tor Pa,ricS
kcly, applied yesterday Tor the return OF $40, but
refused by thc cashier. who referred him TO }. X.
Frecse, then sitting in tho roar Office. This oricial
stated that The dcmand although ~ legal form, could
not bc met; that the ssscts OF the bank being
schcdu ed tor til purpose OF securing Loan that no
had 500 900 rca estate, all of winch would bc put
necessary Ia order to protect lilo depos0fs, and
until tho loan could be effected nothing would be
He eondcnt. however, that In the course OF two
three days everything would be IN shape.
Tho Court OF Cbanccry last nignt served injunction
acting any more business IL Is believed that
will be appointed tomorrow
Colonel jacob Ircosc treasurer o.. tho bank,
places tho liabilities at S05, 600 ana about
$4,000. He stated that the run on tho bank COM
mebccd Two weeks ago, when IL was iound uccess AIRY
TO give the customary two weeks notice TO osItors
That expired last SATURDAY ana the then I'M
mensc, much that there money pay
out Tho Colonel says he tried to ncgoi,to several
loans Tor $4,000 giving security his personal
property, worth 100000, but iailcd, Hc says the
securities nearly all mortgages. He Wiling to
take the entire responsibility, ana VIII that de-
positor loses dollar Iic says nc pledges his word
and honor 10 that effect Mr Frecse Is dirccior Of
tic FIRST National Bank OF Trenton, aud holds other
positions OF honor He Is sad W DO wealthy.
THE DIME SAVINGS BANK.
Mr.. A. H. Dayton, OF Jersey Guy, mas presented 10
Chanccllor Runyon, OF New Jersey, at his Chambers
Ia Newark, pot.on OF the Dime Savings bank or
Hudson CITY, for direction In administering the trust,
&C. The pctiton scts forth that there due de-
positors the sum OF $27 2+6 05 and that tho invest.
mcDts OF Tho institution are as iohOws:-
In bonds snd mortgages on lands IN Hudson county
TO the amount oi $50 $50. and IN Bergen county
Sl.SOO, on lands IN Jersey City $2300 IA tho sales
and Office furniture Of tac Institution 100, and
$50 due IRON tho estate Of tno ao treasurer OF the
institution, ana also In cash $lO0 IL rcpresep ted