Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1877-10-10
PACIFIC COAST.
The Broken Bank.
Full Particulars about the
Smashed Concern.
-
Frauds on the Safe Deposit Com
pany and Other Rascalities.
WHERE Is DUNCAN
WHERE Is DUNCAN :

Warrants to-day were issued for the
arrest OF j. G.. duncan, Manager Of The
Pioneer Bank aud the principal stock
holder of the safe Deposit Company,
and Benjamin e.. Lewarne, Secret,ry
Of the Safe Deposit Company. charged
with being jointly concerned in the
over-issue ot the stock Of The Safe De-
post Company. The amount of the
over issue has not yet beer a~scertained
but 1t is known to be large. The over
issue was manipulated bv Lewarne, who
in making transfers Of stock would
fill out new certificaies, and after
obtaining the signature Of the President
of the company, Eugene Casserly,
would interpOlaie words and figures to
raise the face of the certificate ten or
a hundred fold. These certificates
we're then bypotbecated by Duncan.
which raises a strong presumption that
he and Lewarne have put up a job be.
tween them. w. =. Lucky, Secretary
pro tenn. of the company. will issue a
call to-mOrrow for all stockholders in
the company to send in their certiti
Gates. TO enable the officers to ascertain
the amount of Over-issue. So far a.
the depositors in the vault of the COM
pany are concerned, everything is all
right. The vault has tire. doors, the
outer one of which ian only lie opened
by Frank Whitney, Superintendent Of
the company's patrol. The second
door had a time lock. which could
only be opened by Lewarne; while the
third door was und-r charge OF Lucky.
who, previous To his appointment as
Secretary pro tenn, was Assistant Sn-
perinteDdent OF the patrol boxes them
sntpAs in vuIicl. Tho Ans,Aaisa - Eanf
can only DO opened by depOsitors in
the presence Of the Grand Jury. The
police in all towns OF the State have
been notified TO tie on the lockout tor
Duncan and Lewarne. neither of whom
has been seen since Saturday last.
Later.
SAN FRANCISCO, Oct. o.
w. T. Duncan this morning has a
card in the papers stating that the
failure of the Pioneer Bank did moi re-
suit from any stock operations what.
ever; that he is .o-day q creditor OF
the bank to the mount of one hun
dred and forty thousand dollars.
At Room 8, in the Safe Deposit build.
ing, examination Is being made of the
stock Of the Safe Deposit Company.
with a view to determining the
amount Of the over-issus. Up TO noon
about ii 900 shares had beer handed
in for examination, out Of 10000, the
entire number Of shares. OF those
presented 1888 were found to be fraud
ulsnt, aggregating in value about
$3.50 900, at The rates at which the stock
was held before ths present complica-
tons arose. There seems To have been
no forgery of the signature of the
President, Casserly, but in all cases
the stock certificates have been raised
by skilliul and additions.
One certificate raised from six To six
hundred bore Duncan's indorsement,
co~rrotorating the statement of his
completely In the frauds. No trace
yet 10 discovered of the whereabouts of
Duncan and Lewarne, but every
means has been adopted to secure
their capture. which is believed to be
inevitable. kafahl. the Cashier of the
bank, is also missing, but it is not De-
lieved that be has abscOnded or been
implicated in the frauds. At | o'clock
the committee of stokh holders
tn he able to examine the books Of the
Pioneer Bank. Quite a crowd is AZ
sembled about the building to-day aud
expressions anything but complimen
tary TO Duncan AMI his c%onfreres are
freely banded about by swindIed de-
posters. In many cases the failure is
known to produce mucl, distress.
many OF the depositors having their
all in the concern. The business OF
the Safe Deposit is going on as usual.
The checks which guard the vaults of
the institution etfectually prevent any
interference with deposits, and there
seems 10 he no disposition on the part
Of depositors to withdraw their funds
or yaluables. The total amount Of