New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-08-01
LITTLE EXCITEMENT ~ BROOKLYN.
SCENES ,porT TIE VARIOUS INSTITUTIONS RE
ASSUMING WORDS OF THE OFFICES.

SCENES ABOUT THE NARlOi ) lNSTII' HUNS III.
ASSURING WORDS or THE OFFICES.
There was y nttIo excitement among the depo,"rs
in evcrll Of TIC savings bank III Brooklyh over h'
,norc. tneni Of IN" time rule regarding the WITHDRAWAL
g la,c, sims, All save The smaller banks put mp
notice, requiring from thirty 10 ninety days motto" to
.ccurc amounts over go 800 Most OF tn"
h,nIs mid out less sums than $50. bit som" would
not pay over go unless cNc 'ptional n"cd oI the
money was shown. Almost The only humorous incl
dent Of the day occurred n the south lroohyn saw
ipgs Institution. There was a long line AT ih' paying
,nIler's window when a In nervous manner
asked:
Are You ready 20 pIy me my money :!
.Thl dcpeud, On how much you want was the
reply.
81 want IT all he said. All YOU haven't got IT,
and If an sure you have got II, / don't want any
There was Il laugh among the other depo-i'orS ana
he was assured that the bank had the money and he
wcnt away without II.
The directors Of the bank issued no'lc" 10 al d'
po.tor, to quiet any alarm they might feel over iii"
,af,iy Of their deposits. In II they said:
There Should not be any anxiety on Your part con
corning The safety Of your deposits. c,-..
our report the banking department OF this state
rendered up TO July /. 1893 shows that our a...lS
were SI4II4 .o3 50 due dcpositors Sl2,30l,3 .7 IL
You viii Therefore perceive that there was re
serve fund Of over 81 100000 10 protect you against
keen s pG at least 90 per- arr cent r Of our deposits
ana surplus in the very best class OF sccuriuc, tia,
which to pay interest. and this income has enabled IL
to pay you each year per cent on your deposits
TO do 80 If they not unduly disturbed.
Finding. however. that some Of our depoitors were
quietly Withdrawing rhcir funds in much larger
volume than evidently the result Of need
less aarn-thc trustees, with The desire Of seeing
precautionary measure have decided to require from
dcpostors intending to withdraw their funds the notice
which is printed on tn" last page Of each Of your
bank deposit hooks.
The officer are authorized h to pTy from time to
mmodaton moderate amounts without requiring
notice.
There was al no time any large number Of people
mt the South Brooklyn Bank. The dcpoSitnrs who
showed their need Of money got all they wanted. but
those who evidently seeking 10 get their money
because Of fears for its safety went away empty
handed. Only few gave the requisite notice OF
withdrawal.
At the Brooklyn savings Bank the decision Of
saturday not to require notice for the withdrawal Of
large amounts reversed. and Inc rule was posted
after President Morgan. who had returned from his
vacation trip. conferred with his fellow directors
Money was paid out in small sums 10 all who sought
it, but the number Of those who made deposits was
nearly great Is the nuniDcr vino
drew out funds.
There was Il considerable crush Of people when
the doors OF the Dime savings Iank Of BroOhlyn were
thrown open, and n long line OF ana women
stood In front OF the window OF the paying teller
tx Mayor Hunter long the treasurer Of this bank
said that the was scnsclcs' and unreasonable
and The enforcement Of the time rule would benefit
the dcpositOrs and protect the BANKS until people
recovered their confidence
There wac more excitement about the Williamsburg
.vincs Bank than anywhere else In the city, OWN,
IN the large number OF dcpostors and the fact
that many OF them are Ignorant Foreigners. Nearly
500 men and women were outside the doors before
the bank had opened. and all day there
throng.
No one was allowed 10 draw more than $40 or