The weekly Elko independent. [volume] (Elko, Nev.) 1872-1887, 1876-06-18
Telegf@hie:
Sax FRANCISCO. Juno ID.

|
-, :. Sax TRlNcIsco. June IL.
Several Stockholders of the wes,cT.i
Union Sayings Bank held meeting
yesterday e Investigate tho affairs %
that institutes, i was formerly locat
cd on the corner Ct Kearney aud Posi-
streets. hut is now doing business on
California street. Until st'hiu few
months i, has had for u, It's cashier,
Frederick; Clay, WHO has ran lilo lis
own satisfaction. with tho asa; sta,,co
of Director J. j. StcnbnrhH. Ills clhiaFl;.
cd that lie Has loaned the institution
funds largely. ON doubtful securities.
or favessod it in enterprises In which
lie has find pecuniary Interest. TIE
institu:ion has been known Ss tho Clay
Street Bank, so thoroughly Hid hc ab.
soFbeI its individuality, and the ex-
candidate for the Legislature, was its
presiding spirit. lie las Tot been
without banking experiences, for accord.
ing to u newspaper, he was iGilct in tho
Union Bank, Of Australia, from which
position lie absconde1 under the ms.
sumed name of PemLtEton, and landed
at Tahiti, in Eeob,pany WIZ j j.. j. AIea-
burn, who had been gold tIgser for the
same bank from Which Clay made his
exit just i'll time to escape n reIuisition
that was made for his extradition. NTul,-
ing his May 10 California. he turned
up in CoiaSsSS County e%5aitGi.y, and suddenly ono
Hiram Tnylcr, owner of large, valua-
bic, and we'll stocked ranch, disappear
cd, aud MS suddenly, Clay game upon
the scene, with n power of al orncy, and
claimed deed and obtained Tho whole
property, which he las eyer siHGe
retained, and to this mysterious bank
tellor md property owner, has fnllcn
tho task of boarding poor peoples mon
ey. Upon the organization Of the
Western Savings and Trust Co.,
City gayo out that the institution Ind
Z paid up capital of $3.50, 900. This
capital consisted of promissory notes:
some Of them not worth the paper they.
were .YSittch upon. Clay g5vo Men
burn and others theirs, but paid mr.
capital does not consist OF such notes.
The deposits of the bank have been
investigated vc:% te::sfntly,. and consist
cd principally III transfers of property
and securities from Clay to AIeaburn,
or from Mcnburn to CLAW or from
either of them to tho banE:. During
his management Of the Trust Company,
Clay has been running tho Samoan or
Navigator Island project; soda wotcr
mandatory; aIroom faoiory;a brewery;
an Oregon salmon fishery; shipping
eS,Npnnyi real estate business; quick
silver and other mines; stock part
ncrship; inl is now owner Of the
Lick House. For. Most, il not all, Of
these, have bee" known to have been
losing games. Clay, the other day, re-
signed his cashicrsTliip Int still remains
n Director. It is said ho Il now in
debt to tho bnnk, about s30,ObO iTi:niirl
that j. Il. Griffith, the Secretary, owes
uc bank $4,000 Tho stock holders
have for some time had suspicious that
all was not right.
=. Last evening in tho City Prison two
TRUSTEES we're discovered to have what
appeared 20 bq q mild form Of varioloid.
The Doctor was summoned md decided
that the prisd, coed; was afflicted With
vnrioloid, mud. Riley, the other trusty,
with nn eruption fever resembling yari-
oloid: Both meii xerS1 nTcinih,%"vittl to IL
ealiStant room, aud tho cells We're sub
jcctcd TO n process Of fnnisn!;on for nm
hour or more. The disease, it is pro-
sumcd, has been contracted from hand,
ling Cinnamon. q
a snilor named OLE Larsen, n native
of Norway, fell overbonfl :! from tho
schooner Winfield Scott, at Oakland
wharf yesterday and was drowned. An
dLl5ef snilor, Who ienped Into tho water
to srvc tie drowning. man, cGarbo VEIN.
near. losing his own life by tie 'desper-
ute clutches OF the poor fellow as he
sank for the last time. lie had barely
time 20 free himself.
On Monday last n man named Math.
CIV Ryan, Of this city, who was going to
find work as a harvest hand, landed ut
Collinsvillc. and OH going back about
thrCe miles into the country. tom; n ~,
by the roadside, end in If few Hours he
was found dead. An inquest ms held
10y Corh,icr Uosl:ipss, With findings as
above. e..s.-... ~.