New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-07-30

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haDihty OF iru9.e'SO u U"""'' ''i0 -"'''' "
have been so m's"pphed'
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THE LAWS S'"'O'Lh ObS'"'" ~ - -, -
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fhOelEh>' 81,
The correspondence between Mr.. Lamb the
Acting Bank Superintendent aud Attorne'-Generm
sehoonmaRer. published in yesterdays TRIBUNE. was
freely discussed Yesterday In banking circles. Persons
Interested y, tne manaerEont Of The savings banks IN
This CITY assorted their belief that OF the old banks
IN New-York or Brooklyn under the charges made
lv Mr. Lamb. They saw that he referred p'rtcuary
~ tBc savr,s banks IN the interior OF the
state II was also said that tire laws Of
The sato defined very particularly how the
tuuds OF banks were TO be used. " the officials in
the Nevg-York City banks" said one man, have had
number Of opportunities during the past few years Of
-, ti, ,,et,c,r t,t.rpre, fior of the laws in tho
di.,sters which hcf tome OF the savings banks which
1--we taroJ.v The opinion was very generally OK
messed chat Che Bank superintendent could Gnd no
rouDd N the banks 10 on which 10 base suits for the
recovery u any msapp'iei funds or money expended
,uero,lv or through d vron li OF the laws.
,ro "a, c~z NJ the ,,orors banks said that OF al the
-, H.. ~. Az r.,,.t, tho one most likely 70 be
charges "''' ~ -i'' i'''''' ' - 80, ~,
true was that in relation TO giving Of money ior chai-
ono -,~ros, or helping the yclow-'cv.r sufferers.
80 go; ,.,i1 ,, q ,y d. Dbl, q v.olttlon Of the
law and not prdc''sed by tie o''Ls III inns cay
Some Of tho country banks, 10 IVES thought mad not
heenso particular III nue. t',.'"- Wv -".' 49,,
eN''l'ol ,o ,,, a.. 5,oee5 ,er en,ro tina
TRIBUNE reporters were scDt The varous savings
destinations In the city Yesterday. The views OF the
's"''''oi.' " -, 80
officers arc gwen peio" 49,
One OF the oihcerS OF the bahH Ior SAVINGS No %
1,r.,czcrst said, "I read tie letters which passed
1t,. Mr. I,7,5 and tllr At.orucy-Gcneral. and win
Z Ia a
INV ,,roso other than for legitimate running expenses
us ooho'c,Jl Oh -'u'-.o o 60,
approves w nav 'pI W. A. no. t,iI,
s"'. 20 ~ -, IA ar
W are o'o"edDY Tue laws 10 10 So 'lHH an ' tuo
older savings institutions IN NewYork and Brooklyn
I,yo been very careful IN sprpding money aud have
'a'0 Nv" 80 80 - 81, -, : - -. a.
tOD'Ieu s'i'.'. ~ vac s'au'''' NJ I'm i
banks situated Principally 40 tie central part Of the
r,a,o, ~. 81, a.. r.. ,,,.u CIV
William IT, soedm president OF lhe E's' RIVER saw
Inc 81 inc country hanks The Bank superintendent
~ - =, -. 49, 49,, .. ,t sa,ir,s hs,l.s
IN Neyy-Ygr- and BROOKLYN are above criticism and
think that is the case Those banks which have been
paying out money FOR purposes which MI Lamb speaks
f6,nF Hen, arc oiy few institutions against which
suits can DO begun There was one bank in this city
Sconmttee, hut 0eiieTe The trustees cGnscienjiousy
Ihougt IL Wa proper The bank has gone ~ the
hands of IL lcc.iyer however Tue laws speCncaly
fgtc the dnes the This bank has boon ire
4rr,a Cd IN for
Lave always TofgScd sucn applications because We
Thought We had no right give In such The oil
Yack,ts Most OF the city banks have IeKen tue
view OF the law. The Interests Of depOsOis I'm savings
compared with oiher investments depositOrs in
savings bauss have received very good returns
10 fr mat aure arc now being paid Ia gold Banks
hive carried the money through of speculation
and Imitation ana now paw cverv cent bach 70
positors Investments In real estate and Government
ffDT in "A Ogl b.,
Gm sura thut public viii not be charmed at all at
cases Of SLOWING dcpositors nat their money very
closely wHtehgd ana gdsrded; e.-.-,,, ~
B,Ymour A. bnhce 1 iAe ~ llehst aVIags Dauh, NO
= ,Awerv said: We have aWHts held the views cX'
pressed by the superintendent ana AltorneyGcncro',
and always adhered 10 the IN sflcuy me trustees
80. never vet been entertained dinner the
p,nr,I, executing out OF our own POCKETS We have
CTln desired 70 mako cnar table donations, hut
thought u ".s no. itNIui leueIiog' oDe o-Gas..n
Tor a very worthy charity. We dscass6d Tue
Ne mad 10 right 10 give the money. How
ever mu h We desired 20 assist the yellow
wing II We would not violate Inc law tn charitable
- - cer.auiy would not InIsay-y money for no
benefit Of tae trustees. we nave always th'uGul We
not entitled 10 SIH more ln'teN tuah lue * lses
I'm rum N tue D,nh ana ','ihs 'ne uoLeF nt4U ~
trusD Ine superintendent, lhhk' apG,oneSy o. tL5
mauagcme1tsd the savings Da-AS I'D Nc" iolA ana
william V. webster secretary Of the DRY Dock Savings
Buk said: None Of Tie charges Drou<nt To- Hgut DJ
Nj Lamb adec tS 9iuS, OF any oi tAe boAk IN tIlH
civ or Br,oSyn, that su'w Of Tue Laws We have &C.
tabslcd ourselves 40 not pergt any trustee 70 receive
q penny as compensation. Toe b7nknF l'W points
n trustee 10 receive money WHO qeNJteo he
whole time 20 the bank. Tie Only psnK
know OF Mnc.e nv ho Al e..,cS and 49, INV
special services "s7 tht sleta4> dhu A,''uSIS AHgJ
Ic,CVtd Only sin@I sums ou' 20 10, MIN J, vac
Igut. DO hOt IuluA a. % just 70 ".h' 'i'SN k",'"'
statements reg"ldhs tc saw IlSe ga IA ovc'ec 's OF
0Iler b, All H. EJuA AtalIuf 4s IccJe. Tue stic as
one "a here the has been VIC ate1 savings banks
have had q pretty hard time Lately, and think they
of.itt 40 b. let alone lOr while"
Geor.u n Coukun, OF re Metropolitan sayings BalK'
sad: Inc trustees Il Ills Uank receive No Comosa-
.# we llN o. Tt b.
e.Va, m1acy for conducting he aIors oi the DWK IN
/, oper manner. When savings banks were first cstJ-