The New York herald., 1879-09-21

this bank ?" "I have nothing. In compliance with
the request of Mr. Parsells marked my notes OF his
conservation not for publication as he tnsisted
that should take my report from this bank from
YOU"
We'll want those leaves and then you take what
say Retaining his hold, the reporter tore out the
leaves. and the president rolled them he let go
OF the remainder Of the book and said d:-"All have
questions was. No"
-, Mr.. Gardner s Chaplin. the treasurer of the Union
Dime Savings Bank, said with a smile-.I don't
think have ANYTHING to in reference to that.
sir. But-" Nothing at all, SIR" blandly re-
piled Mr.. Chaplin and he bowed his interviewe out.
Mr.. George C. Waldo, the secretary of the Excel
sior savings Bank was glad to express his views on
the subject. We think" continued he. 'that the
questions are perfectly proper and within the pur-
view of MIR. Lambs powers. We had no objec-
ton to answer any of them. having moth.
or from the public. Savings banks are
public institutions and the Bank Department have
| what questions they please at any time it suits
them. We hold all deposits on trust. and. no matter
now mucn surplus we accumulate, We have no right
At the New York Savings Bank Mr. c. W. Brincker-
hon the secretary. stated that his president Mr..
press u decided opinion but unfortunately he was
out OF town. ~ will say. however" said he. that
agree with Mr.. Macy. that before looking
back over the records of forty years
at it u moment. Who is Mr.. Lamb going to hold re-
sponsibe? Trustees who died years ago or trus-
tees who succeeded them and had nothing to do
with the matter in question whatever? II seems
to mo that IL he had any certain bank or banks in
his eye that had been guilty of such practices he
should either have singled them out warned
them against any repetition OF the offence and not
branded every bank as thieves as 1t looks on the
surface now by this circular.
AT the Green wich Savings Bank the treasurer. Mr..
Clinton Gilbert, very loftily said-"I shall have to
answer the questions of mir. Lamb. the State Bank
Superin tendent and do not wish to express myself
in any other way or aid any newspaper in any opinion
they may have on the subject"
Mr.. John H. Hudson. the secretary OF the West
Side Savings Bank, had not yet read the circular OF
Mr. Lamb, which was in the hands or the vice presi
dent out of town land he did not desire to read
it from print and then express an immediate opn-
ion.
Mr.. G. F. Amthor. of the German Savings Bank.
said -"I think Mr.. Lamb is correct. but the action
i'll advised, after the period OF excitement in
regard to savings banks Some things the Ques-
tions relate to have been done in past years, but
since the passage OF the act OF and the boards
of trustees have definitely known what IL
wanted of them, think that they have been avoided.
When living expenses increased so much, from tho
year 1858 forward, savings banks could not always
afford to raise salaries though the clerks deserved
and required an addition Therefore, in lieu OF
ng) at the end of each year check of 500 given
to each. Must we call this part Of the salary or q
gift And, if the latter who is to be sued for its
covery? Again, if such action is to be taken as is
prcsaged by this circular of Mr.. Lamb how can we
get trustees! The institutions are philanthropic,
and all the money belongs to the depositors except
the amount needed for necessary running expenses.
The trustees give their work for nothing, and 1t is
not always light work either. Take the negotiation
of mortgage. for instance They must personally
examine the property and certify in writing that it
is worth at least twice the amount required and
this requires time. knowledge and experience; and
yet it is given for nothing. Mr.. Lamb is, think
pushing the matter little too far.