New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-05-17
CONDITION OF NETWORK SAVINGS BANKS

Dodd left the city last evening for Perth Amboy.
CONDITION OF NETWORK SAVINGS BANKS.
not so GREAT A RUN UPON THEM YESTERDAY
EFFECT OF THE NEWARK FAILURE.
The savings banks accepted Thursdays warnings
Yesterday with good will, and when their depos-
itOrs appeared before the paying-tellers windows
thew were met by the reassuring faces OF those
funGtioEaIieS, who accepted their books with
smile and closed their accounts without interest
There were long line of depostOrs waiting III all
the banks during business hours but there was no
excitement manifest. There waa none OF that wild
rush for the windows which usually characterizes
runs and rs the depositors were paid their money
they seemed almost regretful when they placed it
in TIER wallets. This was in the early part of the
day. 1t was not until nearly 9 o'clock that the
news of the failure of the Newark Savings Bank
was carried uptown. Then the newspapers were
bought and read eagerly. and the word Savings
seemed to act upon the crowds like intoXicant.
PoopIe came to the banks from all parts of the city
only to find the Notwithstanding doors closed
for il was after banking hours
The Blceckcr Street Bunk stood white and sturdy
m the sunlight and secm)d to treat any suspicion
against its credit with scon. Thcre was an in
creased crowd before >, doors Both sides OF the
street were lined witt people who jo5tled and
pushed against each other in their endeavor5 to
hear encouragement 10 InclT !tdIS. livery
now and then the doors on the western side of the
building would swing apart and woman-ior
nearly all the anxious wOmen-woud
come out clutching some conspicuous part of her
! attire as though determined that no pickpocEet
sbould make her his victim. Then she would vanish
down side street. followed by the curious looks
| of the Gro I'd There were policemen from the
Mercer Street station plontifully scattered il the
crowd more to protect it from thieves than any
thing else for tine crowd Of Italians aud Germans
was most orderly. Only of the doors Of the
bank was used As entrance, for the line Of de-
positors reached entirely around the space enclosed
! for the clerks.
VIEWS OF rrE BLRECEER sTREET's CONTROLLER.
| Controller White of e bank, When asked how
| the situation was said with slight laugh:
! Oh about the same % it was yesterday. We have
crowds of Italians about who are unreasonIng people and
POSTS They don't read the newspapers rule, he
they unable to; ami after they gt their small
| accusaulatous they likely "a not to have their
money stolen from them by some thieving c0uniryman
| They will possibly hang around here for days and IN
weeks time come back 10 TOO hank and a7k us to reopen
their accounts OF course they viii lose their Interest
and That may serve as s 500 to mem We 90 n9' eS
out for the next month or so and not tee IT, Inc
bsuk was never in better condition can see by
this the last statement OF the bank which was made 10
| the Bank Examiner Oh this state;
The Fund. Of the Institution invested and consist Of
l. Bonds and mortgages in the city Of New o,,
debt 81 the nlted state3 par value 995OO)0 %
| 3. Sorks OF the state and city OF NeRNOrk
ami pTo5Eyn par value. .-............ 1928 100 90
= va ya'ue -. -. 2llsOOO 90
D. rS SaT -ii' 100000 90
| o. nsr v.,iHe .'..'-... G50NOD 90
RAJ Estate In the CitF of NewYoTk 10000 "
" Commcrce ........... -.....-..,..... G9l 2Oi 81
D. moi mo-; Tec@ivei - " . - 6O2 799 30
| so 6Ol Goa 20
| The BANK has been in operation Gi L years.
| during whci tine Il has opened OIL ,3b5
dcposiiors -. sl7l267l15 -
~ January l. 1854 -!.......-........-. 3O7i67Gi 80
! s202,OI3l $50 3
| Closed during the same period 4Ol,slS 49,
counts and paid lO",S34, III II
| Leaving 1903 $40 accounts entitled 20 this
balance s3aG7go53