Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1877-10-12

seconded with rs much Of the capital as
was available, and a. much more as he
could realize by hypotbecating the
stock Of The hank for ~ much as il
would bring. with whoever would ad-
vsncs money on such security, and
atiributing his defalcation to unsuc-
cessful mining speculations. The bank
was recently incorporated with a nom.
inal capital OF $1,000. 900. The officers
oil the California Collateral are NJ. J..
Donovan, President; Frank +. Kane,
Vice President; j. Z. Phelan, Super.
visor; j. G.. Roberts, w. T. Wenzeli,
Major Donovan, f. L. Kane, X. A.
Robinson, Directors. II has as yet
done but little business and has = very
small line of depositors. The officers
state that the article in question gives
an entirely false IMPRESSION Of affairs.
Sweeney. they say, has sbsconded, Hf-
ter having beaten two or three stock
holders In several transactions, but
the funds Of the bank are intact, and
the concern IL not loser to any amount
whatever by his operations. They say
that the brokers victimized by Sween-
ey endeavored to prevail upon them
tn make good his accounts, and when
they declined to take any such action,
they threatened the bank with q news
paper expose. The officers told them
tn take their Own nurse, with the re.
suit above stated. 1t Is announced
that the bank Is ready to pay all de-
msuds upon presentation.
In the Pioneer Bank the clerk Is
still engaged in balancing the accounts
of the deposiror~. As the rumored
connection u the Pioneer and tho re-
Gently suspended Fidelity Bank have
excited sumo curiosity, the statement
eff Mr.. kafahl, Cashier OF the Pioneer
Bank. is interesting. He states that
the Fidelity Bank was another enter
prise of Duncan's, Differed by his
willing tools, and that the idea was to
use II ~ u feeder from which Duncan
could supply the a of the Pioneer
Bank. Duncan WAS constantly n.y.
pothecatiDg the Safe Deposit stock,
paying two per cent. per month inter.
ct and u half per cent. commission.
By using the funds OF the Fidelity
Bank at . low rata Of interest, he
would lie able to take up the hypothe
Gated stock and stop n ruinous interest
account.
The Caledonia this morning levied
All assessment Of rs cents per share.
The Bank of California was yestsr.
day elected Treasurer If the Leeds
Mining Company. The change Is due
I , the suspension of Cross Il Co.. for
mer Treasurer. The suspen sion does
not affect the affairs Of the mine.
A number of the creditors OF the
Pioneer Bank are endeavoring to force
the concern into bankruptcy. 1t 10
ascertained that Duncan. President.
recently effected an insurance on his
lite In various companies In amounts
aggrera Ing $90.0Oo, which leads many
to suspect thai he has suicided.
A large portion Of the town OF Vaca.
vile ~ reported burned this morning.
No particulars are yet rectived, owing
IT, the office Of the Western Union Tel.
epraPh Company being destroyed.
Uihman Il Co, importers Of clothes,
trimmings. etc, have made al assign.
iment to their creditors. The house
Was the largest Of the kind in the city.
Cause of the failure, dull times and
extraordinary losses. There will be
a meeting of creditors to day.