New-York tribune., 1878-03-30
EXCITED MEETING OF DEPOSITORs.


A RECEIVER OBJECTED To AND COMMITTEE AP-
POINTED TO PRESS TUE OBJECTIONS.
A stormy meeting of the depositOrs of the
sixpeprv savings Bank was held last evening at the
Gerinana Assembly Rooms There were about 600 per-
sons present OF both representing nearly every age
and condition Of fc. IL after eight o'clock when
Dr. BreLes, the chairman, succeeding IN obtaining
order. J. Mcnamara. one Of the committee ap-
pointed 10 wait on the bank officers stated that the COM
,ce had come conclusion that II was not for the
best interests of the depostors thar receiver should be
npponicd II committee suggested that teegraphic
dpatch should be sent Judge Westbrook, asking that
the appon:mcnt OF n receiver might be postponed untl
n commitfeo 70 OF the deportors could be heard MT Me
Nsnara said IL would better for the depostors to stop
the appointment Of n receiver as they would receive
more money IL the bank Was allowed 10 remain III the
hands ~ the present officers.
Immediately great uproer arose All that was intel
Iigt,le were faint cries Of "Mr. Chairman" heard
dcaienng ycls OF the excited depositors By
the constant OF heavy cane which the chairman
used A. a gayol, quiet finally restored Mr. McNa-
mara then endeavored to explain his position He con-
tidcred that the bank officials had shown themselves
fa,hess 10 trust indeed, II judged by their actions.
they should all be indicted and incarcerated behind
prison bars But the dopostors should reflect on the
suerng they would have 10 endure ut the hands OF a
receiver. Some would be appointed whom they ala
not know; he might sbo honest or dishonest Delay
would follow inicninable litigation would be begun
md At the end OF two three years the depostorS
might receive 20 30 per cent. The bank officials as
s,red the committee that they would do better than
receiver Again the meeting became noisy. "Are
Won again willing 10 trust tho men VINO nave
stolen your money!" shouted clear, Shrlll
officers account for the Sl30O00 deficiency r. cried
another person. third suggested that the committee
mad beon Influenced I" Last night" said he, you were
All IN favor ndictng the officers and now you want 10
trust them" Al this stage OF the committee AT
ton "a IN meeting
him wcll-dressed man In the centre or the nail
Judgment The officers cant afford TO be dishonest
any longer aud believe they would serve us In proper
NV n we should trust them We would receive some
money very soon hut If receiver Is appointed three
years will clapso before Sen Is pad OUT maven @ 1st
last remark was oy the keynote for further disturb
ance Those who sided with the speaker signhe theif
cries were heard of I'm sell mine for IS cents mine
for 5O;" i0;' and one man said he would sell
The chairman announced that tho committee had for
gotten state that President Miles assured 1t that on
Saturday they would pay out S1OUoOoto the depostors
If the bank was allowed to go on without receiver
This Affected sudden change and threeiourlhs OF the
meeting became firm supporters of the committee ana
opposed 10 receiver One or the committee
added that some person In tho hall declared
duties in not having the president OF the bank indicted
"we called upon tine DisirictAttorney, he SAD, " anu
he informed that the officers could not Dc dc'e. ior
perjury until the Banking Department ordered H. AS 10
paving money after the order was received to close
the dOors the DistrctAtOrney said 1t was contempt OF
court, over which he bad no juIi'dictloh'
The plantations OF the committee seemed 10 win LOT
IL the favor OF the meeting Whenever any one at
tempted 10 speak In opposition, he was shouted down.
Finally the chairman put the question whether the ais
match should bo sent To Judge Westbrook. ana lnine-
diarly nm overwhelming cry OF yea rang through The
hall. A division of the house was asked for. John
Gleason said he was opposed TO the motion. lie
did NOT want to trust his money with President Miles
Everybody lost confidence In the officers except tho
man who woud not sell s claim for % cents. Other
speeches OF the character followed Du thc nouOn
was decided In the Affirmative aud the telegram was
sent The following committee was then appointed 10
represent OF the dcpositors 10 Judge west
brook: j. A. Marshall, J. b. Mclean, l.. III. Rowan ana
4 n 1;ibI,. Mr. Gibbs stated that suspension had
made MIN a poor man and ruined his business.