Morning journal and courier., 1885-01-28

The Finale Yesterday Forenoon-AIl
Quiet on Orange Street.-The Truss
tees Statement-Tts Powerful Effect.
The run on the New Haven Savings bank
came to an end yesterday forenoon. When
the bank opened there were sixty depositors
in line and at II o'clock the number had
dwindled to dozen and the run was over
before noon. This result was anticipated by
the best judges and prophesied last Satur-
day, as the run was entirely without reason,
an absurd scare from the beginning The
official statement published by the bank and
in the papers had great weight. 1t was q
clincher and left nothing more to be said as
to the soundness of the bank. It would be
hard to find in the Union or in the old world
any sounder institution. Prominent men
speaking of the end of the run yesterday
said, ''The result will be that the bank, strong
as it is, will be stronger than ever and stand
higher than ever in public Estimation The
statement of the trustees, it might be added.
carried additional weight from the fact, not
known by some, that the trustees (al1 we'll
known and most highly respected gentlemen)
have not dollar of interest in the bank, are
not permitted by law to borrow of the bank
or otherwise become its debtors, and re-
ceive not cent for their labor as trustees,
the Office being held by them without any
pecuniary reward OF recompense whatsoever.
They have much responsibility, as, for in
stance, in case like that which has just oc-
Cured, and altogether their statement justly
carried much weight, being that of disinter-
ested gentlemen serving as it were the pub
lie interests.
NEW ENGLAND ROAD.
'sHobsoR's Choice'' For the Floating
Debt Creditors.
If the rental of the Norwich and Wor-
cester to the New York and New England is
reduced to s per cent, the saving to the
latter will be about $4,000 year. The
prospect for the reduction is said to be good.
Steps are now being taken to settle with the
floating debt creditors. Some of them who
have liens and are clearly entitled to pre-
ference will be offered second mortgage
bonds, and the others will be offered pre-
ferred stock. 1t is Hobson's choice with the
latter, for the road cannot be taken out of
receiyership, nor can foreclosure be pre-
vented, unless the debts can be adjusted, the
expenses reduced and the income increased
SO that there is fair prospect of the COM
pany's meeting the fixed charges. When
this occurs, both the preferred and common
stock will have basis of value.
Death ct Warden Sargent of the State
Prison.
Warden Sargent, of the Connecticut State
prison. died Monday night. He was native
of New Hampshire and came to this State in
1865. He became an overseer in the State
prison under Warden Willard, and Warden
Botelle, who succeeded Mr.. Willard, made
him clerk in the wardens Office. When
Warden Hewes came in Sargent went to Iowa.
He was recalled to the prison, and later was
made warden. He had been complaining of
Ill health for some time, but had been confn-
ed to the house but two weeks. He was twice
He lost his first wife and two chill
lren some years ago. He married his last
wife something over two years ago-Miss
Kate Hammer, of " ethersfeld. They had
one child.