The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-04-27


The reutonia Btak, al Inc corner Of avenue and
Sscona street. was closed aud apparently deserted.
vious days me not,cs OF oio.Ing mad been torn Oh
the door Examiner ST. Johu passed the evening In
.Se spponsnea, Of secs,vsr NJ HAN. IL secre
tary, SAID that nothing would be done 20 Interfere
with the appointinent Of receiver, as, even shoud
the bank DC allowed 10 resume busiIess the deposit
50 excited that a run would be Immediately
commenced and inevitably cause i,s eIosing
meeting OF tho aeposltors will probably be called A.
an early date
THE GERMAN SAVINGS HANK.
At tho German savings Bank, al lhe corner OF
FOURTH avenue and Fourteenth street, large crowd
oil dcpostors waited upon the teilers anu demanded
tneir money They were deliberately paid aud no ex-
ctement was visible. There we're also s0nsiaofabls
NUMBER OF deposits lett at tue bank Yesterday. he
officers said mat they would enforce the sixty
day rule but were ready " pay AL demands and glad
TO do Those drew gu, their money would Ioss
their interest The stock holders oil the German Bank
are Tor tne most part wealthy German capitalists ana
TIE sxPEsSr SAVINGS hank.
meeting oi the depositors OF tho sixpenny Saw
ings Bank was hod last nignt IN The Gsrmsna AS
scrnsly Rooms Tor Tho purpose OF forming perma-
mont committee to confer with the and officials
oil the bank and TO report at frequent intervals 10 the
depostors tho progress that making toward nqui
dation. The attendsncs last aisnt was not large,
owing u was believed TO tho meeting not being SUI.
recently advertised ana on the motion Of Mr. McNa-
mars member OF the State Legislature, committee
oi three was appointed TO drait resolutions cmboayins
questions 10 be asked Mr. RUSSELL the receiver o. the
bank. and the committee to report those resolutions
to meeting OF depositors 10 be held IN tho Gernania
The following resolutions were also passed unan-
mousiy, which recommend the adoption OF postal
ings banks M@
Whereas between November 1871 aud the present date
period Of six and onchsi years less twenty
savings oanss ~ Ssw YORK city have been deearsd Ia
soss Of ~ 120262 out OF total deposit OF
and whereas this great loss people who could
nIy AFFORD u has been mainly ogcasioned by
gross negligence anu objectionable ignUrance IN
the management OF trust fanas.i anu In some
cases by positive dishonesty the those charged
VITA responsibility officers said savings
banks that public condolences has utterly shaken
60 the security OF money deposed In sach aud
hess tne statute law affords adequate redress 90 thoss
suffered the failures oil banks and has
provided tor the adequate punish
ent oi thoss whose neggence gnorance and dishonesty
have caused such public ca amflies therefore, !.
nesoissd That We, eitis v New York city. IN behalf
OF uepostors hereby express absolute want o. con
hdence In the savings banE system present admins
aud the tine Efficiency under which they
organised anu belle they Afford
prc,sc,ion 70 those whose tariff industry and rnsAv
ENABLE them to lay aside portion OF their earnings
resolved, further, That committees he appointed 70
drst memorial 10 Congress- and TO schfe SIGNATURES 10
the same 10 urge bod the passage o law by
which postal savings banss under ths Immaculate dirsesvs