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Saving-bank Failures In New York

Saving-bank Failures In New York image
Parent Issue
Day
19
Month
October
Year
1877
Copyright
Public Domain
OCR Text

Eighteen savingu bmiks failed in New York city between November, 1871, and September, 1877, and tlie aftairs of none. of theni are yet wound up. The worst faihu-e was that of the Third Avenue Bank, wliich will not pay more tlian 25 per cent. on its deposita of .$1,500,000; the other end of the line is represen ted by the Guardian, which has already paid 95 cents on the dollar. The aggregate deposits of the eighteen banks were $9,000,000, and the rmmber of depositors, was 39,691,

Article

Subjects
Old News
Michigan Argus