New-York tribune., 1878-04-01
LOCAL MISCELLANY.
THE CLOSED sIXPENNY BANK.

,,rrr,vcs OF TRUSTEES AND DEPOsIToBs-MUCH
OPPOSITION TO THE APPOINTMENT OF RE-
CEiyER.
The trustees and depOsitOTs of the broken
sixuenny Savings Bank vie with each other in holding
meetings they agree In wishing to have no receiver Tor
the institution, but disagree as to how any settlement
shall be effected. Meanwhile, on Saturday the banK
was IN possession of clerk and around the doors had
gathered such depositors as were not at the various
meetings or serving on of the numerous committees
already appointed, OF in consultation with the many
members of the legal profession already involved ID tDe
settlement of affairs.
AT the trustees meeting in the morning resolution
was adopted approving of the suggestion OF majority OF
the depostors that their accounts exceeding $50
charged with 10 per cent, or more, as the oeposors
might determine. 1t also resolved that majority OF
the present Eustees should resign, their places TO 90
filed by persons to be named by the depositors that d.
n. Rowan, assisted by A. Wakeman and s. Hahd' as
counsel be directed to take all necessary steps 10 nave
the receivers appointment vacated they to continue or
close up the affairs bank in the interest OF the de-
positors that committee of three be appointed y % h
president represent the bank at the meetings tne
depOsItors that the offer OF the bank ohcers ana en-
ployes TO reduce their salaries 10 oneha The present
amount he approved 1t asserted that the BANK mas
available bonds and assets from which coad oe
realized to pay the depositors in ten days.
In the afternoon First Judicial Ds sirct Court roon
men M Women I and Children NJ Dowey was made chair
man. Most of the speech making was by l.. IL Rowsn
the officers of the bauk. He was opposed 10 the eH
plOyment of counsel the appointment OF TeSever' 3p
to anything except getting 100 cents on the doIaI e
beey ed that could be done by the deposOFs thfosn
their own officers Between Mr.. Rowans spceehes
several depOsltors spoke In condemnation OF any plan
looking 10 the reinstatement OF the officers One tie
positor wanted to know il they were put BACK, ana
deficiency was found what the deposltors wolld 90
Washington Rodman in favor OF trying every
means TO do without receiver, ana lhs was
the feeling of the meeting a. COMMITS ttaes
was finally appointed to meet the trustees
From this meeting the committee and numerous depos
jtors went TO the Office of Abraham Nakeman, INC a
Iorney OF the closed bank, at No 90 Nassau-st There
the resolutions OF the bank officials were read ana ac
cepted for the purpose of laying them before the meet
ing In the evening THIS appointed TO he heid AT te
Germanla Assembly Rooms, but that place was en-
gagged and after gathering around its doors h depos
iOTs Mt length separated letter read at the meet
ing the committee from Judge WesSook saving tnat
w T. RUSSELL who had been selected a. receiver q the
bank man of wealth and integrity aud rare Dnsl-
ness QUALIFICATIONS and that he would perform his duDes
with at least expense. AFTER some
discussion committee was appointed to obtain, II pos
sDe the necessary 10 carry on the bank by new
trustees.
The committee appointed by the trustees TO eomm'ni
and act with the depOsitOrs Is as follows: James L.
Watkins, Stephen Hyatt and William Adams. There
will be a meeting Of yerious committees at the Asior
House to-day $3.50 p and mass meeting OF deos-
ltors will be called for sOmc evening during the Week