Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1878-09-19

lasting two or three days ana resuitih6 IN
the withdrawal Of about a quarter OF a
million Of dollars. Mr.. Jourdan, cashier
states that the deceased apparently felt no
uneasiness about the run, and, although it
apparently annoyed him somewhat, he
cannot think that it had anything to DO
with the suicide; neither does be believe
that the note coming due tomorrow is III
any way responsible for deceased's action,
as he considers Mr.. Maize q man OF con
siderable wealth. He processes to be at an
utter loss to account, on any reasonable
hypothesis, for the suicide. Mr.. Mahe's
family are at present at San Mateo, with
the exception Of one son, who Is now IN
Europe at school. Deceased was about %
years of age and an old and esteemed citi-
zen.
A number of rumors are aiioat as 10 the
cause on Gustave Mahe's suicide. 1t IS re-
ported that, Notwithstanding the recent
favorable report of the commissioners az to
the condition of the bank, considerable dis
| satisfaction and distrust exists among de-
positors as to The status of loans made on
suburban property. 1t is understood that
the commissioners have made an examina
ton Of the property in question, but have
not vet reported on it. The city real estate
was found to be practically what it was
rated at by the bank, but there is an i'm
preston that some of the outside property
has largely deprecated in value. There
is one loan of $700,0 900 on property
near San Miguel, belonging to the estate of
the late F. L. A. Phoebe, on which no in
tcrest has been paid for the last five years,
and it is believed that the property has de-
preciated to less than half the amount of
the loan. 1t is further said that the de-
pcsitors had concluded TO call a meeting
- -. . ILL & - f.~. Al, -.
agement Of the bank concerning these mat
tiers that as a matter of courtesy deceased
was requested to call a meeting that he
failed to do so, and in consequence the de-
positors called a meeting themselves for
next Saturday, and that it is proposed at
the meeting to demand the removal of de-
ceased from the directory. 1t is believed
that the prospect of a removal from the
position which he has held for the last IS
years influenced Maize to take his life.
LATER.-The doors of the French Saw
ings Bank closed this morning; no money
was received or paid out. A line Of depos-
itors stand outside, but are refused admit
| tancc. The Cashier and assistants are
| busy over the accounts. Two Of the Di-
| %rectors, who were on hand, stated that
they knew nothing to account for the sui
| eide of Mr.. Male, and but little about
the affairs of the bank, but that O meeting
would be held this afternoon, at which
some course Of action would be agreed
upon. At the Office of the Bank Commits
sioners some information was obtained
tending to throw more light on the sub
ject. Commissioner Coleman states that
at the time the recent letter from the Com
mission was made public, to the effect that
the bank was in a sound condition, their
pya.tiuations oil nominal IN that caDclu-
sion, and the letter was given to allay the
fears of depositors. Since that some mat
tiers have come to light to make the show
ing less favorable. 1t was ascertained
that a LOAF Of SIS 900 had been made
secured on real estate, which was already
encountered by a mortgage in excess of its
value. Other assets to the amount OF
S16S, 900 were found to be in an uusatisfac'
tory condition. Commissioner Coleman
called Mahe's attention to these facts, and
reproached him with o lack Of candor in
his presentation Of the affairs Of the bank
This seemed to affect Mahe greatly, and the
want Of confidence expressed by Coleman
moved him to tears. lie made over reai
estate yesterday to cover the SIS, 900 loan,
and gave his personal guarantee to secure
the $168, 900 case. 1t is considered pos
sible that other such eases may be discov
cred in further digging into the affairs o
the bank, and the impression is that Tho
suicide of Maize is owing to these compli
cations. The Commissioners express tho
opinion that with the guarantees given b,
the deceased President the bank can worl
its way out and the depositors suffer M
loss, and incline to the opinion that thil
will be the best course to pursue, as thu
bank is q purely mutual institution, ant
there are no stockholders TO fall back upon
The Finance Committee Of the Board O
Supervisors this morning examined tb.
books of j. NJ. Walker & Co., on which ex
Tax Collector Austin was a member, to as
certain how Austin drew the city's money
The great bulk of the amount Of over
quarter Of a million was drawn out BY
A%ustin's checks, ranging mostly in hun
drcds, and in every case payable to bearer
leaving no clue to the disposal of tn,
funds. The Committee is as much in tn
dark as ever.
The contributions for the South receive,
by the Citizens Committee is $50, 500, ano
by Wells, Fargo & Co., sci, 500.
In pursuance to an order by the Boar,
Of Supervisors, the extra clerks in the diff
ferent departments of the City Governmen
have been discharged to the number 0
thirty-five, saving some 81, 900 q month.
The Register and Receiver of the Unite,
States Land Office received the followin,
dispatch from Washington to-day:
WASHINGTON, September IS.
To the Register and Receiver, San Fran
cisco: Receive no more applications Il
select lands under the one hundred an,
fifty Thousand acre grant, the full quantit
having already been selected.
j. A. WILLIAMSON, Commissioner.
The dispatch relates to the Agriculture
College grant, set aside by the Unite,
States for the benefit Of the University q
California.
In the matter Of the bankruptcy Of til
Sierra Flume Il Lumber Compiny @
Shasta & Tehama, and Butte Compan
adjudged bankrupt on its own petition,
warrant in bankruptcy has been issued on
) Of the United States District Court agains
said bankrupts, giving notice of a moetin
! of creditors to be held at the Court q
| Bankruptcy, on the Both instant, to choos
one or more ~assignees Of the estate. Tn
creditors number over 2,100.
The suicide Of the Managing Director {
the French Savings Bank, had the effect {
creating a run on that institution. To-da
an eager and excited crowd was gathered
who, forming into line, streamed into til
bank to leave their names, calling for the
deposits under the thirty days rule. A
: the bushes transacted by the bank wa
simply to register the names of those a,