New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-03-25
SAVINGS BANK ExTRAvAGANCE.
A LONG LIST OF ILLEGAL NEUTRALITY-SUSPICIOUS.
oRs PAYING FOR sUPPERs. PORTRAITS AND II


marked that some OF the savings banks were MAKING
illegal expenditure Of money Of dePostors In TIE
form OF grauies 20 officers contributions Tor pehe'o
lent objects and the like He deemed II bis dnty 10 "t
once take the requisite steps 10 correct such apparent
abuses of power and street conformity win the
prov sons OF the law restricting the expenditures
of the funds of depositors. He therefore obtained from
Acknowledgement schOonmaker carefully prepared
opinion on the limits OF the power OF savings oauA
trustees TO make expenditures. Later MI Lamp sent
this opinion OF MI SchOOnmaker to the officers OF every
savings bank in State, and also crcu AT requesting
them 10 inform him money of the banks their charge
had been paid out for any Of the objects which
Mr.. schoonmakcr had declared to he unlawful
The banks complied with this request out
slowly, and II is not TIL lately that
It could be said reports had been received from all OF
Them Assemblyman Crosse, about a month ago. intro
duced resolution which passed by the Assembly
requesting MIR. Lamb make TO the Assembly de-
tai ed statement about these reports. Mr. Lamb sent
lis statement the Assembly to-day. For the nrst
time the names OF the banks especially guilty are mad
known. 1t is very Interesting document ana VIII un
doubedy read with curious attention by the savings
hank depositors OF the Slate Altogether it ia found
that these illegal expenditures amount 10 5000 In
commenting upon these expenditures, Mr Lamb says;
In tie sums reported by these savings banks some
payments compensation during the war when
prices were inflated deem Just and prOer. few saw
fngs banks promptly ceased 1naking bucI payments al
ter occasion for them had passed we others con
imroprleiy of the bulk payments herein reported
win be very clear 70 any mind when II IL considered
tanned he vigorous restrictive PROHIBITION OF the Of
the Deposit and funds of the corporation or any part OF
was expended prior to 1862 in period OF toIy-three
while IN the a. eighteen cent years tine
whole The diff renee is proof OF the lapse In
savings bank administration from those prudent,
watchful habits which prevailed for so long time IN
the conduct of these trust nstu ions. In the opinion
Of the Attorney O. neral restitution OF the moneys
lOWfulLy should
officers who authorized the expenditures and further.
that VI Is the duty OF the Bank superintendent 10 &C.
mand restitution. heve been 80 occupied by imme-
date have not been able 10 give considera-
ton 10 the matter yet
Mr. Lambs report, although very serious subject,
contains facts IN relation TO the expenditures OF the
banks which will nevertheless make the depOSors
smile amid their anger at the waste II seems TO be
PASSION with the bank officers 10 have portraits" OF
their associates. Money has also been expended evi
IDENTITY upon lobbyists atAlbmy. lavish, In gratui,es
TO officers. in entertainments Of various kinds, and even
in the burial OF deceased clerks. Below tabulaed
statement Of tue most remarkable expcadltores-ex-
tracted from the Of equally Illegal expenditures:
Auburn Savings BaDk-Portrnts $50
Bank for Savings IN New-YOrk tBcecker-s') For
gratulties TO veteran officers or tier miles S9Joi y
for seg'a SsTvSe a. A INK 800 nre2 40 Of
Savings Bank law 1880; totl. $4,000 -.
nc to enploy6- m len of incrcaaus salaries from
1868 10 1870 S59O25; gratuues, 500; funeral ex
peuses Of Of bank 500; for donations to role
men, $G10j preparation o. saving Bank Ia " OF 1872
S42S alleged service at A hany. 600 total: 1894
Broadway Savings Institution, new 1oIS hFee P1T
tras, 81 ,280 extra compensation OF employee $40
Brcokiyn Savings Bauh-Portrait, S3s5 donation to
United States Sanitary Commission, S3,uNo services to
secure relief rom United s.at"s axes $780, additional
compensation TO clerks, $4,000 SAVINGS Bank law, |
S153 alleged service at Ablny, 500 eommiItoe OF
Citizens savings Bank, New-York-One portrait,
81 600, to Savings Bank ASSOCIATION, $500
Dime Savings Bank OF Bro0klyn-Douati u United |
e 81 desSad rseran s. 6CO eu 10 crk al
If is
to widow Of deceased o1icer, S3,50O Haiuity to Off
Gers. sll,GOO; graiuy 10 refining teller, 500 total
Dry Dock Savings Institution. Ncv-Yoik-For enter
ran1,cnfs nom 1865 to 1875, Inclusive $500 50;
timoniaI OF silver plate 10 president OF .he bank,
50 2l9 30 for alleged service al Albany -; Tor one
portrait, $lo3o total. si02GJ 80. ..,
East BROOKLYN sa .iugs Bank b. ooEiJn-AIcged ser
East River SAVING. Bauk-Char.,ies, s3s; e1aiutes
10 ofIicers is65 To fsGpl. s4s5O wing Blrk Assoc
catlOn 500; treasur OF Cmmi tee Of Safety Qs7l,
5000 alleged service Gt Albany, 300; five Poruaia |
$4o0 total S6U57.
contribution TO Bank Clerks Association, 500 for four
portraits. $3.50
uleut 500 three marble buss. 3 AGO.
Harlem savings Bauh-kOr gratmuca 10 emHloJG5, |
Home Savings Dank. Alhany-Fo7 the purchase Of
flowers which were placed on INC ooLn Of dec~ased
institution for the Savings of Merchants Clerks, New
York-FOr service Al Albany III procuring amendment
Iryng Savings Insmtutlon-For alleged services at
Albany, $50; FOR iuncnes to trustees QS'2 20 1870
Manhattan savngs Institution NewYork-For era'ul-
to trustees 1854 TO 1871, 81 Gao 53 rcvalng
forms for clerks joining tue Home Gufrd nsGll $500;
providing substitute Tor first teller us63) cl3S ser
vice for procuring relief from Uniteo States tixes
1915 Tor committee OF seventy Os7l, $500; one pOf-
trait ST 250 savings Bank law, Sll9; additional al
iownnca of is per cent on oil saares except PRECEDENT
1873, $780, extra compensation Qs7Gl' SGl90;
Meropoitan Savings Bank, New-York- Gralutes to |
employees from 1865 to 1879, 81 $50 services and "1
penses II c8alTIDan OF Finance Committee, ASA To
1870, 5000 total $oIOO. ,., ~
Monroe County Bank Rochester-Grluities to officers
and clerks at times of iher MARRIAGE, SOs 20 twenty
portraits S26OQ glauities to officers aud clerks
OS65 70 1871 S3 900; gratuiiics 10 officers ~ 500
New-York Savings Bank-Aileged services NJ Albany.
$50; giatuits 10 pOncemen who arrc-iNd f0nr burg
lars $3.50; donation 10 family OF cashier OF FIRST Ma
tional Bank Of Nortbneld VINO murdered while re-
fusing to open the bank safe to burglurs 800
ties officers, $3.50; wedding presents 70 employees
$500 crayon portraits OF trustees. s2,5s6 .,,..
gifts to employees, 5000; for entertainments to tru-tee
403 81 graiaies to t6e ws9T Voc Of 9eGesSsq es
seaIDens Bank foI Savings New-YOrk-Gratuihes 10 |
ton to suppress Tie Twced RING s7S $3.50; donation
to family OF deceased teller u 800; donation TO en-
poye to reimburse ho For box lost So gratuties to
poi e. s65 10 1922 S16,080 service Of attorneys AT
Albany $l00Oi alleged services at A1.ly, 500; con |
Irihuons to Committee Of Seventy uS7p, $1,000 one
portrait, 50 900.
south BiooklTn Savings MISUNDERSTANDING to en-
poyes $50; three portrals, Sl,365 cigars at trustee
meetings us72 TO 1870, 500 v-,.. -.,-
to employee QS65 to 1870, S3999l 90; sixteen por
to family OF decreased veteran officer 81 $50; alleged
service at Albany, S125; three portraits. Sl,9S0;
service OF trustees master builders and master |
mechanics in experimenting the erection OF the present
bank, ~, 935
the table only those expenditures are given
which are obviously OF improper character In
instances the illegal expenditures are greater than
stated I'm the bile, of the having been omit
Ted. The entire amount illegally spen, by each New
York Brooklyn bank Is given the following state
meDt:
Bank for SAVING in the City OF NewYork $4,000 %;
Bowery Savings Bank S43. 324 broadway savings |
Bank 81 705 BROOKLYN Savings BaDk $12,593 Dime |
Savings Bank Of WILLIAMSBURG. 5000 il Dime Sa7ings |
Bank OF Brooklyn. $lS,910: Dry Dock Savings |
Bank s1O,269 80 East Brooklyn wings Bank $20l |