The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-04-28

informed the HERIID correspondent to-day that they
were prepared for run from until next autumn.
GREATEST LOSERS.
He reports that they had abundance OF cash
that they could advantage, that they
would save thousands OF dollars in interest by the
Som6 Of tho other savings institutions, while they
may DO equally sound are not prepared with large
treasury. The Union savings Bank to-day decided 10
require the charter notice OF intention to withdraw
Tho Rhode Island Institution has for days been
requiring notice from largo depositors.
SIMPLY A WANT CONFIDENCE.
Tho tears expressed by those who best nblc to
judge OF such matters that tho large withdrawals or
money by persons unaccusomed 10 It's Will sub
cct hcm 10 the attacks OF thieves and sharpers and
they viii learn that had been better their
money on deposit IN banks. The trouble appears 10
affect the whole city, and beyond Tho lew who
understand the principle upon which these institu-
ing deposits, there ~ = widespread want Of conf
dencc. Tho last annual statement Of our Bank Com
missioner published shows that our savings icst,tu,
principles, and arc IN healthy, solvent condition.
many 81 them with large surplus Performing
depositors they would pay lair ratio OF interest
usual such institutions and pay every deposor
In iul principal and interest. With very few excep-
tons this is tho status OF every savings bank In tho
State.
But tho troubles in Fall River and tho general
shaking Of confidence caused by tho dcalcations
there have created panicky feeling that may prove
disastrous. The banks nave not yet made out their
statements but whom thcy come It is expected that
they Will DO satisfactory Real estate has deprecated
rapidly that OF the banks winch hold mort
cages viii suner u compelled TO sell but the bank
officers express themselves fully able to pay dollar
for dollar II gwen proper timc
LARGE NUMBER OF FAILURES IN oHro-SoMI-
NAL ASSETS.
CINCINNATI, April q, 1873
The following petitions in bankruptcy havo been
fled
B. p: Human, broker, Cincinnati. Liabilities.
$7oo,o0o; assets, $35s. Nearly oil tho creditors
reside In Cincinnati Chicago. though $4,000 are
hold by tho estate OF w. r Bodgott, New YORK, and
$40, 900 by r. +. Willis Boston.
James Ballard, merchant, Athens, Ohio, failed this
morning Liabilities, 100000; assets not stated.
William Clark. Martins Ferry, Ohio. Liabilities.
$137, 600; assets, $2S,C0o
Henry Wagner. Bond Hill, Ohio Liabilities.
$4,000; assets, s., 000
Samuel Gourteo. Cincinnati. Liabilities, $4,000;
assets nominal
BENJAMIN Bruce, Cincinnati Liabilities, $4,000;
Frank Ba,rd, Logan. ohio. L,ab'n,ios. $4,000 as
William owen & Co., jewellers, Cincinnati. Liabni-
ties, $1,000; assets, $4,000
simon b Elliot. Wyoming, Ohio Liabilities,
q G. BarkwcIi cleveland. Ohio. pork dealer, failed
DAY. HIS liabilities amount to $4,000 and hts as
THE MATTHEWS BANKRUPTCY IN BOSTON.
Boston, April q, 1873.
The creditors Of Nathan Matthews, who In 1870
worth from so.oooooo 100000. have petsioned
him into bankruptcy. Mr.. Matthews has boon
tensve operator rcal estate, his failure prn
cpay due TO tho enormous shrinkage IN that class OF
property during tue last fcw years.
Judge Lowell has dismissed The petition With tho
had not committed an act OF bankruptcy.
FAILURE AT CYNTHIANA, Ky.
NASHVILLE Tenn, April 81, 1873
B. c. wnerrst, Cyntniana, Ky. Liabilities, s31 900;
assets, $4,000.
BANKRUPTCY IN MICHIGAN.
DETROIT, April 81, 1875.
Joseph g. futile, lumber and leather dealer OF
Miles, Nioh., died voluntary Petition of bank
ruptcy to-dsy His liabilities amount to 500 900 and
assets 10 $4,000 His secured liabilities SOL, 600
VOLUNTARY BANKRUPTCY IN NEW ORLEANS.
NEW ORLEANS, La, April 81, 1878.
W. B. Krunbhaar & Co, propristsrs or tho Penn
and Kentucky cotton presses, died voluntary pc
tition In bankruptcy to-day.
THE UNION BANK or LEwrsDuRo, Pa, RE-
CEIyEs. HINT FROM THE TREASURY De-
PARrMENr-rHE CASHIERS STATEMENT.
PHILADELPHIA, April 81, 1878.
Tho following telegram received at the ofice OF
the Associated Press here this afternoon
LEwIssURc, Pa, April 81. 1873.
w s T S rs IN
neglect n no; y iGy 4 ssu Ss.
nARRIsBrRG Pa, April 81, 1873.
No uaoasiness Is folt In gard to the safety OF
tho Union Bank OF Lcwsburg. Tho trouble arose
through oversight OF tho cashier In allowing tho
funds 10 become short In tho Treasury Department. az
Washington
CASHIER BAINE OF THE sALEM (IND.) NATIONAL
BANK noBs THE BANK TO SPECULATE IN
srocKs-HE RUNS AWAY LEAVING LARGE
DEFICIENCY IN HIS ACCOUNTS.
IYprASAroLIs. Ind, April 81, 1873
James Baine cashier OF tho Salem National Bank 10
missing The following motto to his father.in.law was
found in tho bank this morning.
Mr.. LYoss-! am financially disrraccd and ruined. Wall
God wife and chiid. JAMES BAfNE.
Ito had fortune Of his and Is supposed 70 have
been specustiag Wall street. Il remains TO DO as.
ccrtaned II tho BANKS money has been usod, on
opening tho safo somo 500 QUO In money and bonds
were found.
Tho ahscondng cashier Baine abandoned his horse
turning him loose about miles west Of SALEM ana
aftsrward obtained a seat In passing wagon. When
last hoard from no was nj Prospect some thirty miles
west ana from fifteen to twenty miles away from tho
railroad aud telegraph.
william " WlnbihnRiey, rrosiucnt OF the Bedford |
Bank. rs conducting an examination oil tho salem |
Banks condition. lie Is unwilling TO gvo any tor
nation until tho examination Is completed stock
holder gives tho Information, however, that den. |
cheney OF $4,000 has already been discovered and
that reward is TO be offered for Baincs capture.
An impression prevails the street that Bainc's |
bond will probably cover hts dcalcation.
BUSINESS TRouBr rs IN NEW YoRK-PETrTroNs
AND PROCEEDINGS IN BANKRUpTcY-As-
srosMENrs
Sylvester Murphy. builder, Al No 800 East Fifty.
second street, has flied voluntary petition in bank.
rupscy before Register Dwight His embarrassment 10
due to depreciation In real estate ana largo part