The New York herald., 1879-09-21

NO"
"Gfts or testimonials to oficers?"
NO."
Contributions or -"
Mr. Macy, interrup ting-"I shall say NO to every
question the list but one
'And that is?''
.No II. During the first twenty-five years that
this bank was in business there four presidents
who served for nothing
"How many presidents has the bank had?"
~Your portrait has not"
II also served an earlier term without salary"
That makes only four individual presidentsr'
"Only four"
"Then your portrait adorns the gallery?'
eyes you can see it ii you want to-"
Mr. Macy looked as II he not all ashamed of
his picture. as indeed he had no reason to be.
"Your reply to all the other questions is in the
nesvtivss" ..vaH e asked the reporter again
GLOW do you like the circular tho whole9"
"Weu, did good deal toward preparing the laws
wanted TO limit them to the purchase city bonds
not to include town bonds. am i'll favor OF whole
some RESTRICTIONS.
"But the crcularY'
II believe the same purpose could have been sub
served i'll better way
GUILTY OF CHARITY
President William Il. Socun of the East River
Savings Institution, was asked what he thought of
the circular.
.Oh, it's all right
Sand you meau to answer it prompty?"
cot course. thing Mr.. Lamb has some good rea-
son for pursuing the course he has taken"
"How many OF the questions will your bank
.'well there's No 8. about benevolent charitable
and sanitary contributions We gave s25 once to
police monument fund"
Under the head Of sanitary suppose?
mo; benevolence Then we gave $40 to the aid
Of the Ayonda!o sufferers That's ALL
THAT is S35 for benevolent, charitable and sani-
tary %yss ssisets'"
I'm how many yearss"
"Now there is question No. - said Mr. slocum.
past services when they had already received
salary. Before the war, when the cost of living
to our employees without regularly increasing their
salaries In 1864 or 1865 we made salaries higher all
| round"
Mr.. Slocum thought the query about using money
for getting bills through 1.-THE Legislature to pay
claims for interest on illegal loans to pay other
CLAIMS. had reference to one particular bank in the
Coming to the last question about portraits or
busts of past present officers Mr.. Socum pointed
to five large crayons that hung about the directors
room.
There they are" said he 'ive of 'em Three are
ex-presidents who served Cor nothing. The other
two are the present secretary and myself
"Al good looking men too said the reporter after
Mr. Slocum smiled like government bond
and added. "The whole lot cost about $780, aud
added to the furniture of the bank"
"You mean to answer the Superintendents letter
Eyes. and in the very same way that have an
swered you."
LUCKY INSTITUTION.
To inquiries made at the Irving Savings Bank
President John Castree replied that he had already
responded to the circular.
ITO what e1ect?'
".No' to all questions"
without qualification
"Wel!. We paid $50. share of the expenses at
Albany OF Mr. Rhodes. editor Of the Safeguard. who
1878 He was only paid for his actual expenses and
believe every savings bank did it's part
you don't object to the tenor of the crcular?'
mo; Mr.. Lamb had his reasons. suppose, for
sending it in the form that ho did,
Az he went out the reporter glanced around tho
walls in search Of portraits, but the only effort in
that direction was calendar with woman's figure
upon it,
AT the Broadway Savings Bank the reporter found
the actuary, Peter Cumming. rushing through the
business OF the last day OF the week He confronted
the reporter from behind glass window. and the
Ibid you get Mr.. Lambs circularg"
| Eyes; we are considering it,"
"What do you think of itY'
"Can't say YETI
| "Do you know what your answers will bop
81 think they will lie no in every instance but
| one
"what is the exccpton?"
"Weil, We have not had time to go over the books
fully. and had rather speak upon the subject.
In fact we are considering it,"
"You intend to repyY'
cant say yet
A PROMPT RESPONSE
Mr.. Hoguet. president of the Emigrant Indus
trial Savings Bank. told the reporter that he had
already answered the circular.
"My reply is dated the 18th"
'What did you answerr'
Negatively to all but two. We donated $250in
May, 1877 to the Bank Clerks Mutual Aid Associa-
/
There are four ex-presdonss who served for moth
ing"
"only because have found the samo explanation
in the other banks where the art of portraiure
held in esteem. The ex-presdents all seem to have
served for the satisfaction OF having their portraits
hung up in the Office
recollect that all the banks started about the
time and in about the same way. The former presi-
dents of savings banks got nothing for their SER
vices. worked myself for a number of years gra-
tuitously. Az to those paintings. three of them
cost $3.50 each and the fourth cost $500. All this
money was disbursed before tho law of 1875 was
passed, under which Mr.. Lamb is proceeding.
think he did wrong in pursuing tho exact course
| that he has,"
ASSESSMENT.
Mr.. Charles f. Hyatt. the secretary OF the Frank
proper in its object 1t will prevent in the
any possible a m,isconeeption as to appropriations.
carried on our business SO carefully. No
trustee or officer of the bank has received a
cent cent OF Of Its money except the secretary.
generally low-as low as any in proportion to the
| percentage OF deposits. There have been none in
Cured but what are legitimate, and, in reply TO Mr..
Lambs question, we reply to all save No. 10.
! We did pay, as member OF tho Savings Banks Asso-
citation, assessnerr for the expense of argument
before the Legislative committees to pass the bill of
1877 reducing the rate of interest. 1t deemed "A
benefit to all the banks and such cheerfully
paid the bill.'
MIR. Henry " parsells, secretary of the North
River Bank. though he thought IL would interfere
obtaining trustees, decircd giving his opinion In
full. referring the writer TO the president, MIR.
William Il. Stafford who then at lunch. On the
entrance OF the latter, the ceremony OF Introduction
was hardly concluded when Mr. stafford in an
angry manner said he had nothing to say"
The HERALD had business to be keeping
| up this excitement about savings banks
they good Institutions, and it was
damaging to them 70 keep them always
in PRINT. al do not want anything from this bank
in print" said he. The secretary nerjccted that hc
had been conversnp with the writer just before
Mr.. Stafford came in and had requested him TO can
Gel the notes TAKEN Indignant yet more at this, MIR.