The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-04-28
DEPosITORs LESS ALARMED.
The Second Days Draft the German Banks
Caah-The Other Banks.

TIE German Savings Bank, at Fourteenth
street and Fourth avenue, stood n second days
heavy draft on its cash box yesterday from its
depositors. About 100000 was draw out on
the day before by more than 400 depositors
About GOO more depositors withdrew their
money yesterday in tho two intervals from 10
A. VI. to 3 r. NJ, and from 6 =. NJ. to- p. NJ. In
the morning there was no rush at the doors. but
holders Of bank books kept dropping in quietly
until. ut 3 o'clock. when the doors were closed.
about 200 remained to be paid. and they were
not allowed to 90 away without being paid. In
the evening there were no less than 80 de-
positors Mt the doors when they were thrown
open. and more than 100 were in line when
they were closed, All were paid. Perfect order
was maintained by two stalwart Germans. who
more men than on the first day. The heaviest
account closed was one for $4,000. First Vice.
President Il. :; Bali said that there was no
intention TO TAKE advantage OF the sixty days
notice. and that those who ask for their money
can have 1t.
The President OF the Dry Dock Savings Bank
received a letter from Superintendent Lamb
yesterday. approving Of the course of the OFF,
GERS OF the bank in requiring sixty lays notice
more. than. 800. The Superintendent thinks
That the enforcement OF the sixty DAYS rule the
best method Of treating all concerned in fair
and impartial manner The run on the bank
was almost entirely stopped yesterday. at no
time was there more than fifty persons In the
At the hearing before Judge westbrook yes
terday at Hudson, the attorney for the Teutonia
Savings Bank admitted the substantial correct
ness Of the report Of the bank examiners. and
conceded that the bonds issued by the towns Of
Staten Island. OF which the hank held tl09.90
worth. were valuelpss. IA the Bank Superin-
tendent asserted In his official communication
to the Attorney General. He also conceded the
Insolvency OF the bank, and did not oppose the
appointment of n receiver.
The Bank Superintendent made personal In
quiry Of wel-knOwn residents OF Staten Island
respecting the validity and value Of the town
bonds issued 10y towns ON that island, n part
Of which were held by the Teutonia Savings
opinion WIS that such bonds were worthless.
This inquiry was made after the receipt of the
report OF the examiners and fully sustained the
same in respect To the bonds referred to.
AT an adjourned meeting OF dppositOrs OF the
SiXpenny Savings Bank in the First District
Court room in Chambers street. yesterday. COM
plant was made because the committee APP
pointed AT the previous meeting to take steps 70
have the officers Of the bank prosecuted failed
TO make "A report or even appear.
where's the committee y an indignant de-
position exclaimed.
" Perhaps the bank men have bought them
on" another said. | should think the COM
mlttee might be polite enough to come to the
meeting. anyway and let US know whether they
intehd to do their duty or not"
After waiting an hour and n half for the com.
mittee to come. the meeting was adjourned
without transacting any business.
The report that the German Uptown Bank
had paid 50 per cent to its depositors is erro
neous. Sixty per cent. is the amount 80 far dis
Durseu.