New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-10-24

WHY 80 DIVIDENDS HAVE BEN PAID 10 TIE
DrPOSITORS.

WHY NJ DIVIDENDS HAVE ELIN PAID 10 lltL
DrPosITORs.
No statement having Lately been published in re-
card t. the condition of the Stuyyesant Savings
Bank OF this city. which failed IN 1871. and go
settlement of It's affairs having been made, a IRiB
USE reporter yesterday called upon john ii. Pia't
o. No. 40 Wa-st., the assignee of The bank, who
gave the following particulars IN regard TO it,
aiinr-:
The liabilities Of the bank amounted to over
S51OO00, and is nominal assets were S6ujuuU.
d. H. i. Archer was appointed receiver IN 1871, oy
the state Courts. Ia July, So. Sir. Plat was ap-
pointed assignee, but Mir. Archer refused To trans
fer the property of the bank over TO him, and later
WIS sued for IL in the United states Circuit Cont.
Finally the assignee was successful and IN 1876.
nbtairod a decree ordering Nh Archer 10 turn over
TO him all the property and the accounts IN full.
TIN, accounting involved great labor, aud was COLI
tested las Mr. Archer at every step 50 thal the case
was not finally disposed OF unt'4 Last SUMMER
Siucc then the work of preparing a dividend,
which ha, involved much time. has been gong on
Willie ibe money and funds have been Kept IN de-
post 10y Nh iiait. In a icN "rcAc t"' ""'" MI,l
be- completed. and then MI Piati expects u appiy
60 the courts for AN order calling Tor meeting ~
the creditors. Notice oI TIN, VIII De- Ph1llshc' an"
will also Ice sent To each creditor. II Is hardly pos
Alile to estimate "a dividend now, MT. l'Iatt sIid,
L,caus- u large part Of tine liabilities have never
been proved but they may Ice - proved ~ the
holders as soon ~ tines are informed. large poi-
tion Of the claims winch liNc been proved against
No claims of dcpo.ltors have - yet been objected
Co. There Viii be- fIst dividend a. IT Nil hc
1ecr,,arV 10 call second meeting OF the creditors.
MIR Plat say, also that Inc has had great diincniy
n collecting the assets which have come INTO his
hands. lie has been compelled TO bring large
nunbcT OF suits, many oi which are SIN pending.
IL las issued stai,mcut of the liabilities and
assets, and has furnished every applicant with
abatement o the reasons for the delay IN the tie
nent. The dividends VIII bee small he fears. for The
reason that tine Ntuyye,ant Bank was IN the habit
II turning over substantially all ITS good assets To
.lta -
10 secure that corporation upon the StuyVcsaut-s
account la the clearinghouse. The StuNNesant
Bank va. not in tine clearinghouse. and was
Dbl ieed To get another bank 10 act Tor n. AT liz
faIiure the Manufacturers and Merchants Bank
held large claim against ~. and applied the assets.
winch they h,it as collateral. 80 that account Nj.
Plat states that of the assets lett in his hands
were the most wrctchcd lot OF trash"
A DESCENT OF THIEVES UPON ClIARLES-ST.
Mir Green Of No 90 Perry-st., yesterday morn
M early, looked ont of his back window and saw
SOME persons moving about the adjoining yard OF
john Nichols The sudden flash of a dark lantern
convinced him that burglars were AT work in the
ne ghborhood. and he immediately rai>, an alarm.
Officer Malukcy went M pursuit Of the thieves
whom lac could hear scsdnblmg over the back
fences tie captured of them. who gave his
mime rs III ury smith. cIourhcd u the yard OF No,
37g Blcrckcr-,t On the pt soncr wcr, found "a new
ovtrcuat aIu several pieces % SOLID -ilycrvafc
Al.,lf hi, vast were strapped "a heavily charg a
srli-rocking revolver and "a pdtcat Jacs, a most
iugcuou~iy cOntIlNcd article Tor pfyln. apart iron
window bars.
Bv tina, time the whole ucighh0lhood was aroused,
auu au examination made los Captain Bcrgnoid. oi
:ne Charles Stree. Siaaoa, showed Chat tlc burg
n, lad Ur., broken into Tie lower pal, Il NJ. 3
kAa Nc,s-p4lDe ljhaTlrs-s'.. occupied 10y JOHN
Iousallu. from wlIrh the' stole "a set ut silver
plated knives aud 1oth@, which tncF Ielt in the blcK
. area Nj. LoughAh's OveItoa Was carried III. The
,...i'.ur oi Ernest G.. ". MocrI, next door. Was
II so broken open aud rophod "t about 500 ia solid
sllNerNasc, portion Ot winch Na. found ON smith.
lac prisoner about nineteen years Of age. lie
told Justice BlADs, al the Jefferson Market Police