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

would think it advisable TO enforce tho time
sseae NJ dT &c cn
day It would be- enforced
The Broadway savings Bank; Mt Park place
notice had not been discussed. the Officers
said. lie Withdrawals were too qn,important
there was the usual heavy Saturday draft
Eighty-six people wore in tho bank at 12:m
John fisbout ssld; @Gp to this morning the
deposits came In rs usual. The draft was a
sOss S SsRe not
The eo%mittsS q the hank will meet On Mon;
sisits a. we'll We We have, not mid out over
been withdrawn has gone into Wall street FOR
bargains hut dstrHst i lnrSGy
President Bissinesr OF the German Savings
RnE at the sSreT eSsn saSs
arc nnioubtedIy heavy drafts being made now
"%5 S:st HS' sse t"
Cashier lawrence Of the institution for the
been rhf 's us We paid a ss
manGs Mt once, amounting only to about Sl}.-
900. We will abide by tho action OF the other
Ir.sdgnt George G. Wallo Of the Excelsior
the rul" we will; too, Perhaps il is mad neces-
have lad very light draft to-day. Only 81:
600 was paid out. while 900 was deposited"
Bnns ns 1t Of IKE
nine rule In few cases affecting about So
.o.!lay did not c k " si5~0. 1t ~ was
light saturday business; cannot say that
ture All ] know Is that currency is
very scarce, and ] imagine they lid it to
h have their cir money %" cp"sited The Sanks R havs
nlso taken this acton to protect the dcpositors
ING Is fright Some no "i Of course T TAKEN
out Tor speculation but most Of it Is drawn on
account of a senseless scare"
Bank paid all accounts on demand. People
meeting Of the representatives Of the various
savings G ,I on Monday plan Of action
The Harlem Savings Bank opened yesterday
TO crowded house and began paving, all
rush on Saturdays. In Q short time it became
evident that most Of the persons wanted to
consutati"n between ep the President and the
Secretary; 1t WAS decided TO- put the sixty Tx days
erHIly adopted In all the savings G, eS R there
For instance. a depositor who had $4,000 in
the bank might want 500. In such a case the
rule might he suspended. This sixty days no.
tice Is u safeguard both to tho depostors and
the banks The savings banks nre perfectly
sound: and all this Will blow over in a few
DAYS"
At the Dollar Savings Bank. 277l Third
avenue. there we're fewer drafts than usual
the largest being 500.
I'VE have not yet adopted the 80-dRys rule"
said J. o. Kern. the secretary. There will be
n meeting OF the trustees on Thursday. ana It
will probably he considered then. IL not before.
We have very large surplus.
business went on rs usual ut the Twelfth
Ward Savings Bank PIT West 125th street.
Arthur T. Timpson. the secretary. said that the |
6O.'!ays' notice had not been put In force. but
probably would be adopted.
to Withdraw all their money We do not want"
he said. 81 believe all the savings banks in |
the association will obey the recomm endation !
10 adopt the G0-day rule for the present"
On Jan. /. 1893. the savings banks Of this |
state held bonds representing about 20 per |
com. Of tho municipal Indebtedness of the |
State. They held about half tho bonded debt |
Of New York city and three quarters Of that OF |
Brooklyn. These are the fgures:
New York city bonds 1924. $50
80 NI.20D
tner 35 l36
Towns. D2Rl57B
ase hnso lnH
SCHOOL uihtricts l.b2oVIl
Total OF municipal urities $l52 2I497
They also held:
United States bonds 100 375 400