New-York tribune., 1878-04-30
DEBTS OF BANKS AND FIRMS.
ApRANGING FOR SETTLEMENTS.

ARRANGING FOR SETTLEMENTS.
A RECEIVER FOR THE TEUTONIA SAVINGS BANK
THE "RUN" ON THIS GiRMAN BANK C.AslNa--
CONDITION OF THE NEWARK DIME INSTITUTION
-BANKRUPTCY OF BENJAMIN WOOD DAVID l.
KENNEDY, THE MSAB HARLIN hANoth'iO"
ING COMPANY MICHAEL NORTON, AND oIhhko'
Judge WestDrook has appointed James D' flsD'
president of the Marine Bank receiver OF the leu
tonia Savings Bank. The run on thc uerinah
Savings Bank has nearly ended Examiner "hiee-
head has reported on the condition of the Newark
Dime Institution for Savings spowing proOaoIe
loss of per cent to the depositors Several large
failures OF suspensions reported in this city
including those of Benjamin Wood for $2;i3, ,016O9;
David +. Konnedy, the builder for Po4o,oOO; lhe
McNab & Harlin Manufacturing Company anu
Michael Norton.
THE TEUTONIA'S RECEIVER APPolNIED'
JAMES d. FIsH, PRESIDENT OF TIN AAi'Nh pam pam
sRLECrLD-A DEPusITORs' COMMITTEE GONE ON
VAIN MISSION.
An Associated Press dispatch from Rond0ut
Yesterday stated that Judge wesbrook. after hearing
arguments on an TO snow cause why recover Vi
the Teutona Savings Bank In this cry should ho' VIC ny
pointed named James d. Fish president of the Natioha
Marine Bank OF New-YOrk ceiyer. Mr.. Fish Is well
known In financial circes. The Marine Bank Is at No'o
WalI-st but Mr.. Fsh's residence Is IN Brookiyn
About $50 depositors OF the Teutonia Savings BANK
met ut No % Avenue-A yesterday. Arrangements ioi
the mocng had been made by few OF the ~eaitnies'
dcposors Who met in FoTth-st.. Saturday evenings
and sent a dispatch to Judge WestbroOk. asking nm TO
defer tho appointment Of receiver until meeting OF
tine depositors could be held. Many of the
deposltors present yesterday were womeh' some
.f whom came with babies IN thelr
arms All were Germans, and the majority seemed 10
be of the working class. The proceedings were con-
Quoted in the German language. Francis Eurhg was
elected Chairman Charles Boss moved t.ai commit
TIE of seven should 80 10 Judge WestbrOoh aha ask MN
TO appoint receiver who could speak the German IAN
guage us most Of the depOsltOrs were Germans. His
motion was seconded but nearly an hour before
the chairman was able to git vote on IT, Several OF
tie more exctable Germans present insisted ON speak
ing from their places ia the audicnc ana - they co
be heard only by few, Their REMARKS O'Nseu
much confusion. At one Iime three or four men
were standing up tIcir CHAIRS shouting anu E.StICu
lating wildly amid - storm OF hSSes and cs % 0ret
Ono inurted depUsltOr advised that they should MA
the trustees Of the bank and ndIg thci ~ IAN -pVss
His remarks were greeted both by hiss,s ana
anDlause Order was restored at length, ana a
committee, consisting OF the chairman Oi Tue
meeting, Charles Boss D. Dansene, EciA s,b AMI
Charles Jung appointed to lay before Judse hoSV-
brook the wishes or me dep0eitols res%fding oe az
pontment receiver. \ proposition mat tach per
son u the room should pay 70 cents tOWdlu ueii5int
tie travelling expenses OI tic &c @ viusvu IT,.
committee appointed Nessrs Boss, DdSohe' "uu ituIn'
20 20 Albany, consult with the Dhh,hs supeiIn.euu
INT and afteNydrd Judge McstDrUOk. IAe suJ com
nittec instructed TO urge the appolHiH,C,hV
OF Herman Unl, receiver OF the GelIiah "
town SAVINGS Bank, or OF Christian schwLrzwarder'
president GrTnitnla Bank. The suDcOnulte tet
this cy for Albany last evening the run on tht Ger
drafts were nOt so heavy SATURDAY, when over
100000 taken awaJ 10y anxious depOslt0Is. ne
bink officers mated that less than @lOOOOO WOnd vc
during the day They felt confident tnat Tue
run would continue twenty-iour hours LONGER
There was excitement at the Dry DOCK Savings
Bauk the TIn having ceased.