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SUSPENSION OF PAYMENT BY A SAVINGS BANK. Judge Barnard has appointed Jeremiah Quinian receiver of the Guardian Savings Bank, on Chatham-st., of which William M. Tweed is President. The affairs of the bank will probably have to be wound up, but it has ample securities, and all its depositors will be paid within 60 days.
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ANOTHER RUMORED COLLAPSE. Reported Failure of the Guardian Savings Bank. A Check for $70,000, Presented Yesterday, Refused Payment-The Bank in the Hands of the Public AdministratorStatement To Be Made To-Day. At late hour last evening it was rumored abroad that the Guardian Savings Bank, of which Boss Tweed IS President, had falled in a very heavy sum and been turned over to a receiver. A reporter was immediately despatched to see Mr. Ely, the Secretary of the company; but on proceeding to his restdence found that we was out of town and not expected to return home until this afternoon. BAFFLED in finding Mr. Ely, the reporter left his residence and went in search of a clerk whose name had been furnished, but who when found professed entire ignorance of the rumored failure. From thence he came on to Chatham street, where the bank is located, and discovered the officials of the bank busily engaged in overhauling affairs, and searching the books. On passing his card through the grating to a clerk, it was handed to one of the Financial Committee and a general AIR OF CONSTERNATION was plainly visible, it being evident that the gentlemen who were present had no idea that their secret was out, and already known to the public. A hurried consultation took place in the ofclce, during which the books were dropped, and the business which seemed so pressing suspended for the time. As the result of the conference the clerk stated that no information could be given on the state of the finances last night, as the officials were not certain how they would stand until a thorough examination of the books took place and the amount of the assets was ascertained, and, under the circumstances, the REPORTER COULD NOT COME IN. Some carriages were standing at the door, and a knot of people was beginning to gather, surprised at seeing such bustle around the bank at so ununsual an hour. The news soon leaked out that Tweed's bank had Durst, and a crowd was soon collected. the rumor spreading like wildfire, and the excitement became great, as the depositors mainly comprise the poorer classes, principally the Boss' own constituents. The wildest ramors were circulated, and from the conversation around it could be easily gathered that even among those who bad been his warmest friends all confidence in the Ring of the Tammany Ring was at an end, no further reliance being placed in any enterprise he is connected with. The names of the Executive Committee which adorn the doorplate are not of such a nature as to inspire them with any hope. They are O. W. Brennan, E. C. Wilbour, James H. Ingersoil, G. Putnam and T. Brennan. Some of the names are respectable enough, but the presence of the CELEBRATED CHAIRMAKER threw a gloom over tne people which the wellknown benevolence of the Boss falled to dispel. The particulars of the rumored failure are as follows:-About noon yesterday somebody presented a check for $70,000, which could not be honored, as there was not sufficient cash in the safe to meet so heavy a demand coming as it did, so unexpectedly. For the time the bank suspended payment, and it now remains to be seen whether the closure will be a permanent one or only a temporary embarrassment. Its nominal failure as above caused the bank to be placed in charge of A. J. Rogers, the Public Administrator. Subsequent information. furnished by a person who claims to possess an intimate knowledge of the workings of the bank. states that the affair IS A PUT UP JOB by political enemies of Mr. Tweed, who wish to innict a cruel stab upon him through one of his favorite institutions. He states that the bank has procured ample funds to meet the pressing requirements of the situation, and that to-day business will be resumed as usual, despite the effort that has been made to bring about a different denouement. How far this may be true cannot at this time be ascertained, but a few hours will certify to its correctness. In the meantime the best must be hoped for, though nothing can be definitely known until the books are thoroughly gone over; but the officials are said to be confident of their ability to weather the storm. Mr. Ety, whose name appears as Secrelary, has not been acting in that capacity for some time, a gentleman named Doudy serving in his place. The Boss. though taking a deep interest in the success or the bank, 18 not a heavy shareholder, his interest in the concern being slight.
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The run on the Bowling Green Savings Bank caused suspension at 2 o'clock this afternoon. The officers of the bank say that at the end of thirty days it will be able to meet all demands. It is reported there will be a run on other banks Monday. The National Savings Bank also suspended today, making three in all. There is considerable excitement about the Guardian Savings Bank to-day. The depositors were assembled in large numbers around the bank, though no demonstration was made. The friends of Tweed tried to pacify the crowd by saying it would resume Monday. Prominent Tammanyists have official connection with all three of the suspended banks, Tweed being President of the Guardian Bank, and Police Commissioner Henry Smith of the Bowling Green Bank.
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The Savings Banks Troubles. The suspension of the Guardian Savings Bank, which was controlled almost entirely by the capitalists of the "Ring," and of which William M. Tweed was President, is a natural result of the collapse of the "Ring" itself, and also goes to explain the run which commenced yesterday on the Bowling Green Savings Bank-an institution near of kin to the "Boss' own, and on the National Savings Institution, which has been luckless enough to have a Tweed (Jr.) among its directors. There is no need to feel any uncertainty in regard to the great majority of our savings institutions, for they are, as a rule, honestly controlled and are considered perfectly sound. The Guardian and Bowling Green are the only ones that have an acknowledged affinity with the "Ring" management, and they doubtless feel now that a good name 13 better than silver or gold. It is to be earnestly desired that the laboring men whose bread and meat depend upon the little sums they have deposited in these concerns may suffer no loss. Nothing that bas yet been proven against the "Ring" managers will go so far to render the lower classes indignant as to thus bring "Ring" rascality to bear directly on their own slim pockets. Better that every man of means in the directory of these banks sacrifice his whole fortune than that these worthy and needy depositors go unpaid.
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The Bursting of the Ring Banks in New York. Tweed Puts in His Usual Piea of Innocence. NEW YORK, Nov. 20.-Wm. M. Tweed denies that he is connected with the Bowling Green Savings Bank. He admits being president of the Guardian Savings Bank, but has nothing to do with its management. He says its vice president has placed $300,000 worth of real estate at the command of the bank to enable it to meet its engagements. H. Smith, vice president, of the National Savings Bank, states that all demands will be promptly met to-day. NEW YORK, Nov. 23.-The Times says: "Edward Schell has been appointed by Judge Barnard as receiver of the National Savings Bank, who will take possession to-day. It is believed this bank, the Guardian and Bowling Green banks will meet all the claims of their depositors, but it doubtful if either resumes business again.
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BOWLING GREEN BANK SUSPENDED. Therun on Bowling Green Savings Bank caused a suspension at 2 o'clock this afternoon. The officers of the bank say that at the end of sixty days it will be able to meet all demands. OTHER BANKS THREATENED TO-DAY. It is reported that there will be a run on other banks Monday. A THIRD SUSPENSION. The National Savings Bank also suspended to-day, making three in all. EXCITEMENT ABOUT TWEED'S BANK. There was considerable excitement about the Guardian Savings Bank to-day. The depositors were assembled in large numbers around the bank, though no demonstrations were made. The friends of Tweed tried to pacify the crowd by saying that the bank would resume on Monday. Prominent Tammanyites have had official connection with three of the suspended banks, Tweed being President of the Guardian Bank, and Police Commissioner Henry Smith, of Bowling Green, in the office. SMALL-POX. / Nine new cases of small-pox are reported to-day. This makes thirty-nine cases since Saturday last. QUARANTINE CHOLERA. The cholera at Quarantine is now supposed to have been subdued. No deaths have occurred since Thursday. The Humboldt, of the same line as the Franklin, expected to arrive on Tuesday. it is feared, will have a portion of the disease on board.
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The loss by the burning of the Episcopal church on One Hundred and Twenty-seventh street last night will reach $20,000; insured for $12,000 in the Central and Hope companies. The fire is supposed to have originated from the furnace used for heating the church. The arrival of Alexis at the unseemly hour of one o'clock Sunday morning was very unfortunate for reporters and the committee of Reception. The Russian Minister and committee of Reception knew nothing of the arrival of the Prince until 8 A. M., when the news created great excitement at Clarendon Hotel. The Russian Minister immediately hired a tug and proceeded down the bay, and has taken up his quarters since on the frigate. The committee of Reception are somewhat disorganized by the suddenness of the arrival, and if the reception takes place to-morrow morning it will not be so grand as if less hurriedly prepared. The Prince will come up at daylight in the morning, but will not land till about 2 P. M. The regular programme for his reception, which has been already published, will then be carried out. The Commander in Chief of the National Guard has issued a notice ordering the troops previously selected for the occasion to be ready and form in line at 1:30 P. M. for the reception. The Prince will, it is believed, remain over night in this city and depart for Washington early Tuesday morning. It is generally believed that the assets of the Guardian and Bowling Green Savings Bank, which suspended last week, will prevent any loss to the depositors. Rumors having been circulated that the National Savings Bank, 609 Broadway, has suspended. The Directors have published a card denying the rumors, and stating that all the depositors will be paid in full on presenting their book.
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Affairs In New York. NEW YORK, November 18.-There was a run on the Nationaland the Bowling Green Savings Banksto-day. The latter, of which Henry Smith, the police commissioner, is president, suspended payment at 2 o'clock P. M., having exhausted its capital of $50,000. Its officers claim that at the end of sixty days the bank will be able to meet all demands. The National Savings Bank is also reported to be unable to stand the pressure and to have closed its doors before the end of business hours. There will be a run on other banks on Monday. The Guardian Savings Bank, previously reported suspended, has its portals barred, and all entrance to the building is denied. Notice has been given that the painters, bricklayers, house-smiths, stair-builders and joiners unions will withdraw from the Workingmen's Union, as the latter is being used mostly to advance the interest of politicians. Judge Gilbert has denied the application to compel the Brooklyn board of canvassers to reject the returns of certain districts in Brooklyn.
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THE SUSPENDED SAVINGS BANKS. NEW YORK, November 20. Hon. Edward Schell has been appointed recelver of the National Savings Bank. It is believed that the Guardian and Bowling Green Savings Bank will be enabled ultimately to pay in full.
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The "Poor Boy of the Mohawk," His Banks and Police-A Captain of Detectives on Guard. THE REPORTS TO THE LEGISLATURE. Reports That Never Lie-Condition of the Manhattan, Guardian, National Savings, Bowling Green, Yorkville and Citizens' Banks. Figures and Facts for the People. Few calamities are fraught with more of truly pittable misery than the failure of a savings bank. Other financial concerns when they topple over usually content themselves with burying in their crumbled heaps of ruins LARGE SLICES OF THE PROPERTY of men whose colossal fortunes can easily with stand a considerable and sudden diminution, and whose means were probably accumulated by the misfortunes of a similar character which had previously overtaken their neighbors; but the closing of a savings bank's doors for the last time shuts out every ray of hope and happiness in this life from the hearts of 80 many poor and worthy fellow creatures who so richly deserve a better fortune that no man with human feelings and sympathies can stand the unmoved witness of such a spectacle. It brings before the mind's eye the exquisite agony of the industrious laborer who for many a long year has toiled in the winter's biting frost and under the blazing summer's sun. in humility and hard. ship and danger, and coined his sweat and blood and flesh into few precious dollars, that might save him from hunger and the aimshouse when his supple joints became stiff and his strong muscles weakened and his hair grew gray after a life of weary SUFFERING AND SELF-DENIAL, and who now suddenly awakes to find that his longcherished dreams-of an old age of comparative comfort and independence have changed into the dread reality of inevitable and hopeless beggary. Then think of the indescribable misery of the poor widow whose humble and untiring Industry with her washboard or her needle has enablea her to save little money, on which she depended to bring up her fatherless boy as a worthy and honest member of society, and to preserve her orphaned daughter from life of shame, and who now finds the fruits of her years of toll and patience and privation all withered and blasted in an hour. Only think of the thousands of cases of wretched. ness and suffering, which no pencil can pain: and no pen enumerate brought about by the collapse or one of those instituti ns which are allowed to exist only because they profess to be peculiarly the guardians and rewarders of the industrious poor. and If there be any sentiment in addition to pity for the victims, it is that no punishment can be too severe for the parties who wilfully abuse or negligently mismanage THE AFFAIRS OF SAVINGS BANK. The great excitement in the city caused by the announcement of the failure of several savings banks and the details thereof published in the HERALD on the two following days had duminished very little yesterday. Even among those who were not depostors the interest in the condition of the suspected banks was very intense, and groups of men who congregated under awnings and porchos for shelter from the falling rain discussed the affairs of the sav. ings banks with the safety and tardy arrival of the Grand Duke Alexis. What every speaker seemed to consider most remarkable was the fact that all THE THREATENED FINANCIAL INSTITUTIONS were connected in some nearer or more remote degree with the old Tammany Ring and acknowledged some one or other of its distinguished members as their managers and directors, and the name of WILLIAM M. TWEED was on every tongue. About two o'clock in the afternoon a large group of soaked and dripping citizens stood under an awning on the corner of Fulton street and Broadway, discussing the financial situa. ation, its causes and effects. "Well," said one gentleman, as he shook the rain from his umbrella, "there's sort of poetical justice in all this. Thousands of poor laborers in the city are ruined by the very men they always fought for and voted for and kept in power." "No, sir, no: that's a mistake," replied poor Irishman, who had just been denied admittance to one of the banks where his little savings were deposited: "that's all mistake, sir. 'Twasn't me that voted for 'em at all. nor tought for 'em, alther. 'Tisn't the poor, hard workin' min, that WORK FOR THEIR LIVIN' and save their little airnings for the childher, that do have anything to do with thim politicians one way or another. We did not put our money in their banks because they were Tammany politicians, but because we saw them looked after and associated with by gintlemin that houlds their heads the highest the city. The papers tould every day that they had plinty of property in all the ratlroads and banks of the country, in company with all the great people of the land, and, sure, we naturally thought they were safe enough to hould our little thrifes for us." "Could it be out of revenge for going back on them at the last election that they have done this thing now ." asked another. "I "Begor, may be so." said the Irishman. wouldn't put past thim.' as "I think, said German, "dey be's not so bad als. I b'leef Tweed has pull all his money out of dem banks and leave nothing any more, so dat he can GET AWAY VERY SOON. How much you lose P1-10 the Irishman. "Two hundhert an' forty-six dollars," answered Pat with sigh. "Ah, lose BIX hoondred dollar," and the German walked away sorrowfully. of It would be hard to estimate the amount wretchedness and misery caused by the failure of those banks: it never will and never can be known All the information that could be gleaned, however, by a sharp squad of reporters is here subjoined. The reporters of the HERALD were yesterday despatched in every direction to secure facts regarding the run upon the banks, and the result of their labors is given, as follows. The Banks of the City and County Hard Earnings Are Secured or Protected. D.C. Howell, Superintendent of the Banking De. partment of the State, resides at Albany, and is supposed to exercise general supervision over the banks of the state. From nis report transmitted to the Legislature on the 15th March of this year the following statement of the character of securities in which the banks have invested to secure their depositors is taken. A comparison of the character of the securities in which investments are made within the law will enable any depositor of ordt. pary intelligence to discriminate between Bound institutions and "wild cat" banks, established in the Interest of "ring men" who, by the rounding of banks, hoped to secure political power for an indefaite period. From Mr. Howell's report the followlog facts ascertained:ABINGDON SQUARE SA VINGS BANK. Bonde and mortgages, $20,000; United States securittes, $5,000. ATLANTIC SAVINGS BANK. secuStates United Bonds and mortgages,$808,17 rities. $676,000; bonus o: cities in the State, $307,000;
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UNITED STATES DISTRICT COURT-IN BANKRUPTCY. The Guardian Savings Bank. Counsel for Julius Ascher, a depositor in the Guardian Savings Bank, has commenced proceedings for the purpose of putting the Guardian Savings Bank into involuntary bankruptcy, on the ground that the bank has stopped the payment of its checks, and that a receiver has been appointed in the State Court. The papers will be served personally upon Mr. William M. Tweed, as one principally connected with the affairs of the establishment. Condemnations. A quantity of tobacco found at 330 Cherry street, and thirty cases of blank books, the property of one Rubenson, seized at the Custom House for undervaluation in the invoice, were condemned yesterday by default in the United States District Court, no claimants appearing.
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NRW YORK, November 18 - -There was a run on the National Bowling Green Savings Bank to-day, of which Henry Smith, Police Commissioner, in President, and suspended payment at 2 P. M., having exhausted its capital. Its officers claim that at the end of sixty days the bank will be able to meet all demands. The National Savings Bank is also reported to be unable to stand the pres. sure, and to have closed its doors before the end of business hours. It is rumored that there will be a run on other banks Monday. The Guardian Savings Bank, W n. M. Tweed President, previously reported suspended, has its portals barred, and all, entrance to the building is denied.
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UNITED STATES DISTRICT COURT-!N BANKRUPTCY Judge Blatchford sat yesterday in the United States Distriet Court, and heard some ordinary motions in bankruptcy. The Guardian savings Bank-Our City Depositaries. An involuntary petition has been filed for the purpose of placing the affairs of the Guardian Savings Bank in bank. ruptcy. The order to show cause why the bank should not be declared bankrupt was returnable yesterday; but as the papers bad not been served, it was decided that a new order is to issue. The Coleman Receivership. The motion to settle what fees shall be paid to Mr. James H. Coleman, as receiver in the protracted litigation of Heath and Raphael against the Erie Railway Company, &c., was adjourned to Saturday next by consent of counsel on both sides. The sentiment of counsel and the Court is evidently in favor of the recognition of Mr. Coleman's fees.
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THE GUARDIAN SAVINGS BANK TO RESUME PAY MENTS IN A MONTH. Receiver Quinlan of the Guardian Savings Bank, says that the Bank is not yet able to pay i ts de positors, but as a large number of bonds and mortgages are owned by the bank, the officers are certain that with these and securities which the Trustees may advance, they will be able to resume payment by Feb. 1. Their liabilities are $530,000, nearly all of which they will pay, if possible, before the time specified: but there are many legal processes that will occupy considerable time, and many of the mortgages will have to be transferred from other banks. The Receiver further states that as there 18 no law constituting preferred creditors, he intends to pay all the smaller depositors in full. and give the others a dividend of 50 per cent. He says that depositors will not lose a dollar, as he intends to do all in his power to protect them. Many of those who are suffering for the want of small sums which they had deposited. have stated their cases to him, and he has paid them from private sources enough to alleviate their wants till the bank resumes payments.
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THE GUARDIAN SAVINGS BANK-NOT SO BLACK AS PAINTED. A meeting of the depositors of the Guardian Savings Bank was held yesterday, when the following exhibit of its assets and liabilities was made by Receiver Quintan. It is made up to the 17th No. vember, when the Receiver was put in charge:ASSETS.
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THE BROKEN BANKS. The committee of investigation of the Market Savings Bank depositors reported, yesterday, that it had diligently pursued its inquiries, but did not deem it prudent to disclose at present the results of its labors. S. M. Barnett. a member of the committee, also presented a report recommending the formation of an association of savings bank depositors in each city of the State, with a superintendent and a board of examiners, empowered to protect the interests of depositors, and to take charge of a bank in case of a run or a failure. The examination of Receiver Archer as to the assets of the Stuyvesant Bank was begun yesterday, before J. F. Dwight, Register in Bankruptcy, but was adjourned to April 12 before anything of importance was elicited. Twenty-four lots in the upper part of the city, belonging to Walter Roche, and reckoned as part of the assets of the Guardian Savings Bank, were sold by the Sherifi's auctioneer, yesterday, for $70,815.
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News From New York. New York, 16. The grand jury presented in general session today an indictment against R. L. Crawford, brother-in-law of Commodore Vanderbilt, for an assault with intent to kill detective Henderson. The receiver of the Guardian Savings Bank announces that the next dividend of 25 per cent. will be paid the 10th of August. The threatened strike of the press printers has been adverted, the employers all granting 20 per cent. increase of wages. An illicit distillery with 2000 gallons of mash was seized to-day in Frout street. The Schutzenfest at Union Hill, Jersey, is progressing finely. Among those present are delegations from Boston, New Haven and Hartford. The health of Governor Brown continues to improve, and there is little doubt he will resume active operations in the campaign this week. The Atlantic Bank of Brooklyn will be wound up as a national institution and resume business as 8 State bank.
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BOARD OF APPORTIONMENT. The Board of Apportionment met yesterday and adopted a resolution appropriating $10,000 to the New York Society for the Reller of the Ruptured and Crippled, to be applied to the support of every crippled child received and retained in this hospital, at the rate of $150 each per year, and a proportionate amount for shorter periods. The following preamble and resolution were also adopted:Whereas owing to the suspension of the Guardian Savings Bank the amount deposited therein by a former Public Administrator. received from intestate estates, is for the present unavailable to the city: and whereas parties répresenting these intestate estates are calling for the sums due them: Resolved, That the sum of $10,000 be and the same is hereby appropriated to account of "Intestate Estates," to provide for the payment of moneys due sundry estates, and that said amount be transferred from account of "Extra Contingencies." The Board then adjourned.
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INSOLVENT SAVINGS BANKS. An application was made, yesterday, before Judge Barrett, in the Supreme Court, Chambers, on behalf of Jeremiah Quinlan, receiver of the Guardian Savings Bank, to compel Shepherd Knapp, receiver of the Bowling Green Savings Bank, to refer a claim of the Guardian for $50,000 against the Bowling Green. Wm. M. Tweed was President of the Guardian and Hank
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# A BANK DISPUTE FOR $14,000. In the Supreme Court Chambers yesterday, before Justice Donohue, argument was heard in the case of the Bowling-green Savings Bank against the Guardian Savings Bank, in which both laid claim to $14,000 surplus moneys arising out of a foreclosure of mortgage made by Mr. Selme, Secretary of the Bowling-green Savings Bank, to Walter Roche, and assigned by him to Jeremiah Quinlan, receiver of the Guardian Savings Bank. The matter came up on a motion made a few days ago to confirm the referee's report, which had been made in favor of Mr. Quinlan, the receiver of the Guardian Savings Bank. The case was argued at great length by James W. Gerard, jr., for the Guardian Savings Bank, and Mr. Trull for the Bowling-green Bank, and at its close the Court took the papers and reserved its decision.
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# A RECEIVER WHO RECEIVED FOR HIMSELF J. T. McGowan, receiver of the Guardian Savings Bank, in New York, has obtained leave from Judge Van Brunt to sue J. J. O'Donohue, a former receiver, for $24,000, part of money misappropriated by J. Quinlan, who was first receiver of the bank, and also to sue Jos. Reilly, a brother-in-law to O'Donahue and clerk to Quinlan, for $13,000 misappropriated by Quinlan. O'Donahue was Quinlan's surety and also his successor in the receivership.
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Foundation was laid in the Assembly yesterday for much important legislation. At the head, in point of desirability, should be placed the proposition to reduce the salaries of officials in New York city. Men who are paid $12,000 or over. a year, are, under the proposed act, to receive thirty per cent. less. Eight thousand dollar salaries are to be reduced one-fourth. five thousand dollar ones one-fifth. and three thousand dollar ones an eighth. The bill prohibitingthe convict labor contract system. which for several sessions has been unsuccessfully before the Legislature, made its appearance again. A Brooklyn member wants a law prohibiting the construction of an elevated railroad in Fulton street, Brooklyn, and a New York Assemblyman desires the Legislature to prohibit the building of the Manhattan Company's Elevated road in Division street and in Second avenue. Mr. BOGAN'S resolution relative to the Bowling Green and the Guardian Savings Bank calls for an accounting of receivers' dividends. and the details of the winding up of the institutions.