New-York tribune., 1907-11-21
SAVINGS BANKS UNITE.
MEETING OF PRESIDENTS.
Committees Named to Dra7C Up a
Plan of Union.

a meeting of the presidents of all the largest
savings banks in New York and Brooklyn was
held Yesterday at the Aldine Club No Ill Fifth
avenue. TO take steps to formulate plan where
by all the savings institutions of the state may
stand together in times Of stress just as the other
banks and trust companies do. BY thus concen-
trattng the enormous resources Of the savings
banks of the state, whose total deposits amount
to more than billion dollars. it is figured that
the position Of each individual institution will
he greatly strengthened
To draft plan by which this desired end NAV
be brought about II was voted TO appoint three
committees-one for Manhattan and The Bronx.
one for Brooklyn. and the third for the rest Of
the state. These committees will report at
another meeting Of the presidents in the near
future.
The comwittee for Manhattan and The Bronx
has Andrew Mills president of the Dry Dock
Savings Institution. as chairman. It's other
members are Thomas NJ Mulry. president of the
Emigrant Industrial Savings Bank. and Walter
Trmbe. president of the Bank for Savings OF
the city of New York.
jeremiah Y Meserole president of the Will
iamsburg Savings Bank. is chairman of the
Brooklyn committee, the other members of
which are Charles A. Schieren. president Of the
Germania Savings Bank of Kings County. and
William J. Coombs, president of the South
Brooklyn Savings Institution. The committee
which is to represent the rest OF the state has
not yet been appointed.
Among the heads Of savings banks and insti-
tutiOns who attended the meeting William
H s Wood president of the Bowery SAVINGS
Bank; Walter Trimble. Andrew Mills. Thomas
NJ Mulry, Dick s. Ramsay. president of the
East River Savings Institution: William Eel
singer, president of the New York Savings
Bank; jeremiah V Meserole president Of the
williamsburg Savings Bank; Samuel D. Styles,
president of the North River Savings Bank;
William J. Coombs. Charles A Schieren viii
lam Bayard Van Rensselaer, president of the
Albany Savings Bank and president of the New
York State Bankers Association. and Charles
f. Spraguc. president of the Union Dime Saw
inRs Institution.
After the meeting the president of a large
East Side savings institution said:
Conditions among the savings banks in New
York and Brooklyn are steadily improving and
we are taking the present action simply as Il
precautionary measure in case of future emer-
gency The operation of tho thirty and sixty
day clauses has been most encouraging, and de-
positors who gave notice of withdrawal in the
scare times two weeks ago are coming into
the savings banks every day and cancelling
these notices or course great many people
have been thrown out Of employment and will
have to draw money out of the savings banks
TO live on, but we are prepared to meet the de-
rnands of this class. Deposits have been tn
usually heavy OF late. which shows that the
majority Of depositors have got over the recent
fright"
The committees which appointed yes
terday will meet in the near future and draft a
plan of consolidation. which will then be submit
ted to the savings banks for action.