The New York herald., 1878-03-30
Judge Westbrook Appoints a Re-
ceiver for the Sixpenny.
WRANGLING DEPOSITORS.
Statement Of the Condition OF
Nine Other Banks.
A GENERAL EXHIBIT.

angry depositors who stood all day in a small knot
the steps, none OF the bank officials
were at the bank. The President, Mr.. Miles,
has q private entrance way through an insur.
ance Office hut this way barred by two men, who
assured the reporter ephaticaly and impoltey that
no one was inside It learned, however, through
other sources that the interests OF tho
bank, as interpreted by Its officials. were
guarded in Albany by their counsel, Mr..
Marsh while the officials themselves found
II advisable to stay away from the bank The dcpos-
,ors who stood outside looxod vaniy at the barred
doors and windows and cursed the bank hucntly.
"Ahi they're insi1c,n said middle aged woman,
s.trying to SEQ how they steal what's lett They've
got all my money there-s2, 500 Isuppose when they
get through stealing there be little lett for me-"
On the doors inside were posted two notces-one
that the bank closed, and the other warning de-
postors to soil their books at sacrifice Outside
were posted notices to the depositors to attend a
meeting 10 be held at three NJ today in the First
District Court Room in the City Hall PARK TO deviso
measures Tor their protection. 1t was, however,
well known that such meeting had been held
already, and adjourned till last evening, at
winch time "A committee 10 report. THIS CON-
OF eight depositors were appointed TO wait on
the District Attorney u learn II they could procure
the Indictment OF the officers Of the bank for perjury
In presenting false statement o the condition oi the
bank, duly 10. They accordingly called on
The District Attorney and In MS absence were re-
ierred 10 his assistant, Mr.. Russell, who informed
them that tho Grand Jury was not IN session, and
that thar would be impossiblet do wnat
they desired at present The COMMITTEES then had a
conference with Mr. Miles,, and that gentleman pre-
scented matters to them In sucn light tnat when they
reached the meeting last evening they presented re-
port that was entirely UNLOCKED for
DEPosIToRs' MEETING.
The great hall in the Germania Assembly Rooms
was halt filed at eight O'Clock with densey packed
crowd of depostors, who know that they wanted their
money that they did not want receiver ap-
pointed not having learned OF the action Judge West
chairman and member OF the com mittee, called the
meeting 10 order and enlightened the depos-
ors said sSas Si,sr consultation WITH
Mr. Miles the committee had concluded that
II would not bc best to have receiver appointed but
that by continuing tho present officers in their
positions, and allowing them 10 ADJUST matters the
best results for the depositors would follow. Tue
committee had therefore, nj Mr. Miles, suggestion,
drafted the following despatch to Judge Westbrook:-
70 Hon. j. 4. wEsrnRooK Judge OF tho Supreme Court
The aeposors Of the sixpennv Savings Bank In IN ass
meeting assembled tha the appointments OF receiver
or said bank be postponed until committee OF their
iumDer can be heard
Mr.. McNamara, another member oil The committee,
advocated the sepdng OF this despatch, but also SAID,
when the frequent interruptions winch mad broken
the thread OF The Chairman's speech and his own be-
came more and more bosterous, that he had by no
means changed his opinion Ot the bank officers. lie
would have every one OF them indicted aud sent to
state Prison.
OF report had been made TO the depositors. 1t was
that the bank $50 900 short, but might be
$2OO,OO0 short He thought hoy ought TO know how
tnngs stood before trying to stop the appointment
q receiver
Mr.. Mcnamara admitted that the actual condition
oi affairs Was unknown The committee had got no
real information from tho president, but he thought
guarantee OF better management could be obluincd
from the officers than irom a receiver
wRANGLE WITHOUT REASON.
Mr.. Ackermun wanted 10 know why the committee
had changed It's mind 1t had gone out to nave the
officials indicted ana came back proposing to leave
them in charge Of the bank. Why VAS this when they
knew that tncsc officials paid out money Tor three
non fhAtr nhs
them
Mr.. Mcnamara said that the committee had waited
on the District Attorney aud had been told that
could moi take cogn!zance OF the swearing to alsc
statement unless 1t reported from the Bank De.
partment As to the paying out OF money, that was
contempt oil court and not indie cable
Mr. John b. Mclean shouted out at tins point that
he wouldn't take ninety 1--WE cents on the dollar Tor his
Claim, and Was literally applauded and laughed at
Mr.. Ackerman asked If the committee thought that
the statements sent TO Albany were honest or not.
he wanted know who lied. According Tia state
menL OF January last there was II surplus oil x57 OO0
but the examiner reports u deficit OF $50, 900
me committee did not reply, but ~ toe midst oi tho
tremendous confusion that followed another commit
tecman indorsed Mr.. McNamafa's views he thought
the depositors II tney should lose money would have
remedy a. law against the directors.
Mr.. Gleason SAID he looked at The matter as busi-
noes man. There was a discrepancy somewhere Of
$l39O The bank could not SO ON. there was
confidence placed IN II, excepting by the nincty-Gye
cent He did not think that tue officers should
be trusted and was In favor OF having u receiver.
f"No, no l' and howls irUm the crowdl
Mr.. Mcnamara tried to speak again, but Mr.. Gleason
would yield the loor and alter TREMENDOUS hub
buO the crowd favored Mr. GLEASON SO decidedly that
the other sat down, whercupon Mr. Gleason remar ged
that he not 10 be howicd down, Out That ho was
done ana would SIT down, winch he did.
One OF the committee SAID that Mr.. Miles had said
that he could pay out $7OOO0O by next SATURDAY
night If he was let alone THIS excited the meeting
tremendously ana as many uoZen persons spoke
vociierously Tor some minutes all ut ouce.
PARLIAMENTARY PROBLEM.
Among these Was the Chairman, who spoke tho
most Of the time, and whom hardly uybody
listened. Presently Mr.. Alderman said, "Mr Chair
man" severa; times.
''Sit uown" said the Chairman
"l will not" said Mr. Ackernan, and indeed ho had
NO char 10 SIT on.
.'sit down." said the Chairman again.
81 will not; clam the floor" SAID MIR. Ackerman.
"Aud eaim II ahead oil YOU said the Chairman
.'According to parliamentary law saia u man on
the platform, the Chair has right TO the floor ahe cad
OF anybody else"
Mr. Acke,ma looked staggered, but insisted and as
the Chairman sai0, 'WeIl, taik them he deman dcd
10 know wnat guarantee there was OF 100000 being
paid.
"Mr. Miles may nave the bonus, but The depositors
haveu't got tbem, and unspeakabe confusion
sued. Men and boys Shouted themselves boarse and
shook their lists at one another though II did not
pear what they quarrelled about. The Chairman still
ircd to be heard, aud al length well grown newsboy
drowned all other noises by MS own stentoran
as he yelled, 'ihe Cbar has the floor Dyer think
ho aint got No mouth Let MN speak," And,
ai'or rouna o. "pplause ne was allowed
had been made that the despatch should be sent "a
committee sent TO see Judge Westbrook. II was the
Ay 80 loud that the Char declared the
ried unanimously, without decmiDg IL necessary 10
put tue negative. his dii not SUIT the meeting and
mere were many cries oil ''Put 1t TO votel" Ca Tor
the noesp' &c.; but the Chairman proceeded to tho
appointment Oi the committee
Mr. John A. Marshall, member ol the original COM
mtIec, now got the floor and presented minority
port ia lavor Of the appointment OF receiver de-
nouncng The bank officials, saying that he believed
they were guilty OF gross frauu ana perjury.
In the midst OF the confusion that cnsucd Mr.. Nc
Lean said, 81 wouldn't take ninety ninu Tor
my account"
Mr. Gibbs SAID he had been ruined by the failure
and denounced the officers. lie had heard "A young
Ia the meeting say he had taken hls nrst drink
In consequence vi the failure, but no hoped that
ave don't want temperance lecture" said Mr..
Marshall, and Mr. GiDDs eat down. 1ne committee as
nnalIy announced was composed of Messrs j. Is.
Gibbs, J. A. Marshall J. Is. Mclean aud l.. y. Rowan.
collection for expenses was taken up and tho ect.
ing adjourned 70 tonight
APPOINTMENT OF RECEIVER.