New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-18
LOCAL BANKS IN NORMAL CONDITION.


ACTION OF THE METBOpoLITAN's EN-PEEslDENT-
CONFIDENCE IN SAVINGS BANKS.
Al the Metropolitan Bank so far as outward ap
pearanccs went, affairs seemed to be restored to
their normal condition. There were no indications
Of excitement either within without the bank.
Mr. Jaqucs. the PRESIDENT at the desk all day
and cOurteously answered all questions There have
been sueh a multitude of inquiries in the last two
DAYS that the performance of this good-natuTed
Office has taxed his lungs beyond their capacity,
and h,s voice has now sunk to a whisper. Cheeriy,
though hoarsely, he SAID to n TtIBUNE reporter
that everything working smoothly, and that
the outlook was brighter than lac had anticipated.
"Of course" Ia said, "our deposits are being re-
duced the necessities of our country banks
recurring them TO get currency. But
we are not indebted to the Clearing House 20 any
thing like the extent that we expected. We have
paid ali calls upon us so far. Mr.. Seley. the late
president was in the bank all day setting his al
fairs in order. His health has not suffered dcsPte
the recent strain upon his energies" from direc-
Tor it was learned that le bank is indebted to the
Clearing House only 100000, the expectation be-
ing Tat the indebtedness would amount TO
ST 600 900 On oil sides great indignation was ex-
pressed al the Published statement that the bank
expected soon TO go into liquidation. Nothing of
the kind il contemplated or expected SAID all the
officials IN chorus
Two deeds BY which George /. Seney and Phebe
A. Seney his wife, convey property to the Metro
poltap Bank and Henry l.. Jaques, ITS new preSl-
dent were fled yesterday in Kings County. Both
are dated Nav D. The first deed-to the banks
fora consideration of $1,000 and colp..ses Nj.
Seney's house at No. 4 Montague Terrace. lie
bourl,t it less than a year ago from the Rockwell
estate The second decd-tO A.r. JaQucs-conveys
Mr. Scneys former home in Rem5en-st. fol $780,
600.
A suit has been brought in the Kings County
Supreme court By John Eaton against the Tuna
Valley Bank OF Bradford Penn. the Metropolitan
Bank o. New York. and Whitney * Wheeler bank
ers Of Bradford, doing business rs the Tuna valley
Bauk It's alleged IL the complaint that Che TUNA
Valley Bank secured deposits of the funds OF the
CITY Of ford as speciaI trust and gave indemnity
bonds in 800. 900 They have since become in
solvent with $4,000 OF tie city money III their
possession. They have on 200 dep2s!t IN pn tif
Yesterday issued ali order enjOnng MetrQpoll-
tan Bank from paying any drafts or Gntcks on
Whitney q Wheeler or the Guua Valley Bank. ap-
poin,ej FREEING II. Smith temporary receiver, and
ordered defendants to show cause why tho orders
should not be continued. Later the suit was dis
Receiver Walter S. Johnston was seen at the
Marine Bank yesterday AFTERNOON, ana SAID that ne
had not made any investigation lnto tne aSs.tS oi
the bank yet but had given has whole attention to
the settling of the affairs winch had arisen siace
the bank closed its doors. nope" SAID ne 70
h 10
ties in the course of the next three weeks. am
not in a condition to state anything a I, the pros
meets from my own knowledge, but am tod that
The depostOrs will undoubte eddy be PAID IN tIIi.
Dep6sitOrs avoided savings banks yesteTda', eN-
cent when they had money 10 deposit, ana Wnch
they had il was handed over 10 the recelSlg eier
with an alacrty that must have been encouraging
te the officials Of the banks. Whatever feelng OF
suspicon NAV have been aroused by the wall Stleet
disturbance was so far aba,cd that where INES OF
depo,itors appeared on Friday 10 draw their money
they rpappeaTed yesterday to deposit 1t az an Inc
Blocker street Bank did not rise from a sea OF
heads as it did on Friday. few persons occupied
It's steys and took their tne not seeming anxious
i'm the least about the security OF their SAVINGS,
when they actually made up their minds 70 dlaw
them. There an excess OF nearly Tl1,VOO OF
deposits over the amount paid ont. The Bowery
Bank fell back into its usual run OF business, ana
there also the amount of deposits was considerably
I'm excess of the money paid out Inc >eaInehs
Savings Bank, the Dry Dock, the Union Dime ana
,bs Greenwich all found smooth water al last.
The doors of the Atlantic Bank, in BROOKLYN, re-
manned closed President Puffer said he was waIt-
ing for tine report of the examiners Whlcn might
arr We at any moment or be delayed until MONDAY.
AZ the other National and State banks business
went ON az usual The run Oh the savings banks
has ceased The heaviest run was on the south
Brooklyn Bank, where $500 900 was Withdrawn
Al the Dime Bank only 100000 was Withdrawn.
A rumor that there was heavy run on the OeTiDan
savings Bank the Eastern District, proved to De
IA