New-York tribune., 1899-05-11
DEPEw FINDS WEALTH.
MEETING OF SAVINGS BANKS AssoclA
T1oN RESULTS IN DISCLOSURE.
IN n,scrss1No QUEER PEOPLE WHO FORGET
THEIR DEPOSITS. THE sTArEsMAN's LOST
h nA~x ACCOUNT rs REVEALED.

RANK ACCOUNT IS hb' bHND'
I Tn. so,.mn,ty which ntly attends the annual
tmeetins OF the Savings Banks Association Oh 'he
Est.ta Of New-York was broken yesterday by one
-ood ,,ss ana the bank presidents assembled IN
-. x.or,. ~ the Chamber of Commerce nao INC
Ssusn On that greatest OF telers-tellers OF Jokes
sc.rs stoy-e,ect Chauroey NJ. Depew. IT came aoou'
an this way: r..v,vn s,v.
prvan w. Smith president OF the brookish 90.
i-s... nank had been making an ADDRESS Oh 'ne
s,.. ne =, "rornant Accounts" ut is an idiosyn'
.av rscrIiar 10 wornen" he said. ITO forset the'r
ihsnk deposits Even educated women put money ~
savings banks and forget all about H.
CAT OUT OF THE BAG.
Tn rose Mr.. Knapp president Of Peeksk'u
hank. "Apropos of the idiosyncrasy spokeh oi -
Mr. smith" he said. II wish TO say tnat theie 80. 20
dormant account in my bank: but IT diners . iuo.n
,rn., aorr,art accounts in the fact that Kno"
what the d.posi,or is doing and Just where ne ne and
be found His name IS chauncey oS NJ ,be interest
Mr. pepew told last night At aiselosure es nS Of his
Tribune reporter Of tnts ss esS he after enjoying
The ;oSe 1T does not that the auga .t Is 'ssnvSod
ne after al Ia, Any lsnshs wss as much G as he likes
recall that forgotten deposit aceuIa.eS eS;rty wears
and put ,n It In iS ,o GSok ooke9 as big to as the
Grand Central Station
NOT wELL-TO-Do THEN.
"r was a hard-to-do young law stuoent ~ -
Kill at the time and yet was one OF 'ne
az that bank There was no oanh IN fe fe.. -
d. shreu-d Quaker engaged my services 10 s'ar' on
s.".,. ,or ono among the townspeople. TOOK
a, a, harA and succeeded So has the bank IL IL
a.. restitution for = town Of PeekskilTs size In
order 10 start deposits put in HSC al soo crae,y nue
ne Si fe that my reputation founder OF u,1S tas
hank obliged ne 20 leave II mere. ssomnounded
sCmPeTna p'eTsst the original IN 500 nov have
rrown 10 about 500 That viii come ~ can draw Il
Out Without the passbook. which must nave '0s'
years age
MANY MORE LIKE HIM
rhs, tAerA are many persons just as forget1ui
as Mr. DAp4v, about their bank accounts was
nroved by President James Mcmahon OF 'he Hn,I
grant avings Bank. who told the sssempeu oa
ers yesterday that the dormant accounts no~ .S..e
IN the savings hanks of this state aggregate
John ahoad. presided 'ns as sSeut from Sns
in nu.0isu si.,s % we're present state Superintend.
n' St e Rsas P RSOss! ksSs. S'SGD
DIES said in part The work OF the ASSOCIATION, ss.
ns rs rend9f: IT sEs ifssS sGt p0p c Pesse
has been done and that this sssosiston sn IN IN fo.
y ,.rg mn sss hes, interests Of our deposiors. and
YET the 'act remains that we're t,a Pu b savings bank
system IN this State was being undermined py yd oad
laws corrupy or isnorant eood as Sno needed to
strengthen and extend the benehcent innoence oi
these great institutions ,,,. ..o..rrsr sboreo
The report OF Andrew Mis-, treasurer s"o"eu
thst the association had N.s54 on hand
OPPOSED TO SURRENDER.
prvsn n Smith then started the discussion
about dormant accounts In reply 10 question aS
10 whether the present system OF attempting 10
d.oover depositors was a success Mr.. kiourn
said hi, department had no information on the SUD
1ect The names Of the owners Of dormant accounts
were given by the banks but the amounts e weIe
stated Mr. 5 KnS g. # ,s soO6 'ae as d not
iieve in handing the money repIesented py sa saSn
mas no more right this money than Washing
RGgaass % ssSd With e h ssse EVEN
law were passed, he said. providing that Inc
nsG be Daf to S. 9s sup4sm
the subject. Neither would he furnish fuli n
owners of dormant accounts for the senst S Of
"shyster' lawyers until the courts had aecloeo tae
constitutionality of the measure HIS remarks were
'p'''u'eo !s" RESOLUTION ADOPTED
A resolution offered by Mr., Hannemann urging
such prompt action on the part Of the Legislature
as will require the proper officials Of each munich
panty to send annually to the State Controller a
fun and complete statement Of the debt Of each
municipality Including such amounts, II any. as arc
properly appca BILE as sinking fnnd Tor the extin-
gushmen, Of such debt. adopted.
The old Board of officers and trustees was then
Harsen Rhoades. president; James McMahon, first
vice-president: Andrew Mills. treasurer ana Will
lam g. Conklin secretary
Mr. KILBURN's ADDRESS.
At the afternoon session Superintendent Kilburn
spoke Of the safeguards that thrown about the
savings institutions Of the State and referred to
the fact that no such institution had failed in many
years Mr. Kilburn dwelt at some length on the
subject OF dormant accounts. He approved the
present law which provides that account shall
be deemed dormant until period of twenty-five
euch funds should not be used for the erection Of