Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1877-10-10
over-issue Of stock will probably be
determined to-day.

over-issue Of stock will probably be
determined to-day.
stili later.
SAN Francisco. October o.
The committee appointed ut the
meeting of the creditors of the Pioneer
Land and Loan Bank yesterday, met
At 10 O'Clock this forenoon, and com
menced an investigation into the af.
fairs of the Bank. Ksfahl, Cashier, on
being asked who the Stockholders
were. said that in his opinion, Tor all
practical purposes, Mr.. Duncan VAS
the only stakeholder in the bank. He
said that at the time of starting the
bank, IN 1869, a number of certificates
Of stock we're issued to other parties.
but they were subsequently, from time
tn time, a. circumstances favored, TAX
Ell up by Mr.. Duncan and pasted in
the stockholm from whence they had
been taken. The only persons that
held % that Mr.. Ksfahl knew Of,
were w. N. Thompson, who has two
shares. and Mrs. Robinson, who
holds ten shares. All Of these stock
bolders. except MIR. Duncan, we're
credited on the books as depositors.
SR'n "a Naidht HNtttlttbtI D6ltIk
called TO the fact that sales of the stock
had been noted i'm the newspapers at
frequent intervals, at large premiums,
he stated that be believed them to be
merely wash" sales, made for effect.
The first business done by the com.
mittee was the appointment of the
Cashier and one Of the bookkeepers Of
the bank to finish the posting of the
accounts or last Friday aud Saturday.
When this was completed, work was
on making q list of the
creditors OF the bank aud the amounts
due them. This will take some time
to complete. As regards the assets of
h bank, 1t is believed that investiga-
ton will disclose very little encourage
nent for depositors. The items of real
estate which were incorporated In the
statement OF assets published Monday
morning, are all mortgaged heavily,
and took ri the Safe Deposit Company,
which also figured in the schedule, has
all been hypothecsted. Ii seems prob
bile that IL the depositofs get ten
per cent. OF their money they will do
well. Stories are rife on apparently re-
sponsibie authority that during last
week Duncan has had |" cappers" out
soliciting deposits in the bank, with
the evident intention of providing him
self against necessities attendant upon
his hurried departure. IL Is also stated
that the show of gold and greenbacks
in the Office Il the bank, WAS to a con
siderable extent d.lusive. bogus ma
terial being piled up behind the counter
for effect. IL il reported that four
days ago. \ lady named Ruggles. who
had been for some time. by great per-
siStency. getting from Duncan INSTALL
meDts OF her deposit in the bank. lin
ally forced the balance from him at the
'nuzzle OF a pistol in his privaie office.
On the petition of q. Van Hummel
and other stock holderS. Judge Wheeler
has appointed Z. J. White receiver of
the institution. On a bond for $40, 900.
to- be approved by the Court, he is Ia at
once take possession of all property of
the bank, together with the books, pa
pers and vouchers; also To collect rents
of real estate belonging to the insii
tuition, and convert debts into money
a. fast as possible. The examination
OF the certificates OF stock OF the safe
Deposit Company is no quite com
pleted. but at latest advices about four
thousand bogus shares had been found.
The police authorities are as yet in
" dtfCr vi inb u
abouts of Duncan or Lewarne,
all rumors to the contrary. notw.th-
standing. Many believe both OF them
are hiding in the city. No means are
being spared to effect their capture,
and. unless they have taken passage IN
some foreign bound ship, 1t seems un
likely they can remain longer at liber-
ty. To aid in the Identification of the
%tugi,ives. the following descriptions
have been issued by the police author
tiles: Benz f. Le~arne-Age about
30, height 5 feet and 8 inches, hair
dark brown, full black beard. scar
g the right cheek. first joint Of IT, Q
third finger of the left hand gone.
whiskers part at the end of his chin.
quite portly, English birth. Joseph
T.. Duncan-Age about 80, height
about 5 feet and @ inches. hair iron
gray, gray chin whiskers, slim built,
has a quick, way. and a short,
elastic step, very smooth aud gentle
manly in n and conversation.
The Pioneer Bank seems to have
been strictly a family %nsii ution.
About five years ago Joseph T.. Dun
con married the daughter of Thomas
Gray, and subsequently Gray was
chosen President of the bank. ID +.
Lewarne. Secretary of the Safe Deposit
Company. WAS formerly a navy officer
in the English service. A few years
since he married the youngest daugh.
ter Of j. g.. Duncan. Jas. X. Swed
burg, who is a Trustee in the Pioneer
Bank. married the eldest daughter of
j. q. Duncan. w. l.. Duncan. brother
of j. Z. Duncan, married the late Rev.
DR.. Lucky's daughter. VIM. s.
Lucky. Secretary pro tenn. Of the Safe
Deposit Company. is q son OF Rev. DIR.
Lucy and a brother.in law of w. l..
Duncan.