The sun. [volume] (New York [N.Y.]) 1833-1916, 1893-07-30

vviob for instance docs not technically ALLOW
vsap' Other banks Dy-lnws require sixty days
notice, Others ninety days. and so on,
viii shsn aeG' We do
inconyenience tho depositors in the banks
s nn or n %Ss s5o or sS nR he
TO get it What we wanted wsT RUE th wh 1S
s% DSa pq oi DEPOSITS GSps Withdrawn tls
shisers Of the banks will Of course use their
The following savings banks were repre-.
sen!sd st ,he mfs,nS % f5 ant Tor i sy hm,
bowery, Citizens. last iHver, franklin. Ger
man, Harlem. sesmen's so %, H., Brooklyn.
s sHGs q k R%S tFGSSn ava
whose report showed a.. t total Of 49, 400 900
]. 1868 The Standing COMMITTEES Of the Saw.
tngss Bank Assosiation OF IN" slate OF \. Ne w
ofIicIais 81 all tho banks named above. except
tho Franklin. Harlem, AMI Williamsbmrgh. to-
ff fesurs T'l Ere COUNTY savings Bank; s, J.
Macy. Frat Nice-lrcsiJent OF the lioche ester
onohdnga County savings TANK; {. y llama
man. Treasurer OF the Troy, savings Bank =.
HnG, teiEe%A tws sS Of
Ssvngs p4ak 6 r. senS ShH
H. Tow w end T ls@sutsr Of the AuGarn
Savings bank; hurrls y. Rodgers; lrcWRslrer OF
s oS Presidsnt OF thu j"srson som" County saving.
bank. and X Enimott Getty. Secretary ui The
mittee Of II Tie association is is rhoscn from this
stnnnins Committee ana is cpmrosed Of the
aresnwss. q tic me ssa hIsI and
the Albany savings banks, the Vice President
81 TIM PIX FsnE PS Of s" 'a
lin Of tho FRANKLIN SAVINGS Fans IS secretary
Dry Dock savings ban / aud rreSiIcnt Of tho
state Lrns; oman Is iIeasnttr Ifes,n'pt
Chairman of the association.
Loss than 100 persons were waiting nj theEn-
tgrnnt Industrial savings nnnk. III thambrrS
~ -,
and o: these toJt hit were thor" TO mako
tsp poan wam froT nn x"t cose Tie ocas
said thore was nothing unusual about it, 1t
was an ays5ass sn,9ra"y tr2% nYt th ,no
usual. Coca, ionaily a man or u woman would
so"% %no wanted TO traw but Sr
didn't have u good excuse for tue use OF the
money The total account WAS pr'm nit ~. pain.
count wa. closed Cor good. About the p,,"ha-
bin,y Of hs banl taxing adIyontasc OF the
1t will AL terend on circumstances. We
have not enforced 1t to-day. we SEQ no need at
next week mako ii advisable we will. of course
do it; But up to date We are paving on de-
mand. Worry few accounts are heinG cosci.'
Tho crowd at the Bowrry Bank averaged 200
up 10 the closing hour. 1t was COMPOSED
nervous as tie men, When N. Sun reportcr
visited the bank at ! o'clock there was one Of
Sier$: lie had s.; s2oG Or $500 r On dsro;sit anJ
him to DO seated until the account could be
'o@lea a.nmnIand nv money now, bc sbouted.
The CLERK again asked him to De seated
II grt ny money in here here and Ia, am e, entitled
ms walt sixty days for it i want it now. and |
shall not leave this bank until see some ono
A. matter Of fact. like all savings hank de-
positors, he had deposited his money under
Suite that the bank need not repay It on de-
pnnd. but nifht require written notice and
might BE- sixty days. But lie was cantapEsr-
SIs AM h9 S was s setnE tie - pe9nS m
and the MONEY, was paid. Tho man had
Iho $50 was pushed out witt the rest. ana he
was invited to leave the building and not come
1.-The drawing today Is Iiernl i has been
liberal for four or i've days. 50 faras can
This is u shade larger than an average satur-
day crowd. but you can see yourself that it is
# have
determined what to do about tie sixty -day
I4v crowd at the Citlzons' Savings Bank In
the Powery was ab0ut the same size rs that at
and we DO not expect my. but We have put in
ds"wsi tSa $780,
strictly enforced t";day. lnt on Monday; II
are are asins ali smaller a"r"ints and Closing
out Undesirable ones. We will continue to pay
any amount WITHOUT notice when the money is
One Of tho men who want ed to draw from the
Szsps 3, bsp j. tho morninT oo de mss
na i was Snnd ta ia las, week he
cd SO m%th IN hurry o and hs
medlsteiy. becnme exnited. Without a mo
.:You are not the Kind Of depositor we care
for" the President said to him.
aeea ali Ss way s7se' ar ps
sEs d
Of the crowd. but there is not yet anything like
tire p"ynk a M the s de-
Issn decided LED; z we deem nsSesssfy
tess Of the people. We are trustees be because
we are supposed to know little more about
their money TO us and We investi:. Our clients
are poor people =" They gys the, h money to
frshtsnsa and yantt@ drawft out for no ' other
reason than that they are frightened: it
trust mt we st t Est' do Of So
Here their m9Gey Is Interested ia silt-etge
get little scared Is no reason we. Ms trustees.
SHOULD take these securities and throw them
this though. that none Of our depositors !
decide Is enforce TIE rus or mott Ans eSs
who comes here and wants money for any
Ssay Who nssasi but she%s i aseiasa a dis:
jeopardtne the bank g interests"
The PRESIDENT said he had attended the
had favored the enforcing the sixty day notice
rule 30 soon rs 1t should become necessary. 1
The bylaws of the Union Dime Savings In I
stituton. at Thirty-second street. broadway.
and Sixth avenue provide the institution shall !
not he liable to pay any moneys to depositors,
except on sixty days notice. but that IN oneys
may be paid without such notice mt the will OF {
the officials The bank awaited itself OF thi,
provision yesterday where applications were a
made for the withdrawal Of the total deposit | 4
but paid 800 on account. and exacted notice | 1
only on'the halan ,e There was no excitement t
although the line in front OF the paying teer's S
window was unusually long. Col. Charles j.. | t
bprague. President OF the bank snid: Il
As soon as saw tho morning papers de- d
cided to impose upon depositors the sixty
days, notice. to which our bylaws entitir us.
on all sums over 500. No action was nee v
essary by our trustees and the bylaws or
sl q most OF the savings bank empow