, 1881-11-19

ttltlll3 lllIllF III 4kI1lEF uluH(bl uE-
i!,nluis. liz tl,i !lol lntlEa.ye there was my
t.' ca!i'ts. x Coneress s strcet baikcr sai'l hc
was lot a!rprlssHi at l'earl1lE te iank !.a,l
llolirs tic bank oifered him Its certificates Of
deposit 1t nn extraordinarily hl0l rate, ard
he refused to tcko tho!n.. lseyn;.d tl,nt he
ad ha n r, isn},nfs r.. wl' tG a4 1ak' 9n 1a kex %
Ind St:;,V0O OV Of Its certificates scattered al!
Dyt:r tho city, am TINT this morning It had
sslspetn'tHl. Another aceonnt says tno pres
GlI. catnstrophr has iee'I !1alpc1.l!tlR ,slilce
isn!y |" stT} ;arS r.; %S " Weef % soek @ breSs
Win l,ecalna i, ayily Indebted to tho hnnk.
At 1llect!fl9 Of ers!tors last evening It WY
S;iU,ix0 ovcrtluc paper, nll Of wnlel, amount
ills n!ia.r c"t,sisted of Wesks', ''otcs, md
when tnterrng,t. d tho 1'ncl'lc Bank pe0plu
which IL meet tn III An effort to save tho
bunk from disaster was nude this morning,
/ when
AN OFFER OF SUPPORT
aIno.,n. 1T s5S. S.SSo, proyidei satisfaetery
collateral co,ld bo offered. Certain collat-
.ral WIS offered hy tbs Pacific, nut, not be..
lux considered satisfactory. tho ptolnlycd a!d
ss w's "t tS X prneSt @ ,n oH 6a Ss o'j;a ta sa II
Weeks ha'l been de4llng sxtenslyely IN
Eastern !sMironl stock, silygr islet inlnns
siack, a,iti ErIu boNds. Weeks owes ynrloug
s,ipiostl to ilave an,Dlo serity basei
on tottny's valuation except Pacific. 4 Meet
lux y being held at the paeliic, witi TIE View
Ut lndnGihE tine Of tl,o wcaltilaest )lrectgra
of the ha.ik, Lewis Co!enIan, to bcco,ns tts
President upon Il naw OrKnlllzatlnt', Which.
will include svtl,e new Directors ail1 II resluc.
tion IT the eanstal stock to olle.t!a!f wl!at IT.
s sHti tls ny ,',i ses.ssil .tr te d1r iys
aid 1ul, the baiik III position to immediately
rcope1l its doors. Excitement gives rls. 10
Mtlo!s Wild REPORTS reEnralng tue .tst S'lect
i tne byst authority for 0uliyyiilk @ i 10 la',k:
iilE Institution 81 the CITY VIII sitter to IN
gxten. sufficient H. affect their suan;less.
ShpnId tl.ecullateral which ononr two banks
l3ank. Eastern llatiroad, which was ,hcld
largely. BY tl,o Pacific National bank.
drvpcd from ~ to 3s oH saiGs n nf
said to Il reporter that the Gct!on Ut tile
directors In closing the ba1lk WIS tRkvit that
.srs might 10 ti,e f~;tsst Sxs,n'tSt"n % q lts
t'Iatton, would bu. matte. Immediately. a.
great deal Vi excitement prevailed ut tlle
bank fur MI hour ar two. before closlng,
there being II large rust, Of dcposEtors.
A STATEMENT Dr THE D1nEc1ons.
Tile Directors Of tue, 1'acillc Bank were in
l,nllk Examiner, late IN the afternoon begotl
NIL examination. nntt, after consultation with
tllu Dlrett0rs, the following statement wiIs
prepared tOr publication:
| Thu Directors Of tho Pacific Nnd0nNl Bank
hnvc been IN consultation with Dnnk. .EtRu,iEer
Neca''am through th9 evna'nK, ana i*yo con,o
will bu huDd III tho morning.
subsequently, however. Benyon and Need:
ltn,ti, il, conversation with representatives Ut
tile press, 1natr II full statement concerning
thy sSsnts of ti,t. ,'ay ai,,l eye,,g -, -,
Ing" SAIL Nre.lh,ln,, but It Is reasonable to
SUPPOSE. Us 1t ts within the range Of possi-
| billy asil probability, that n!eaAs may be
furnished Ii crnblu the 1nslll to start agull,.
rlsat viii be determined tomurrow when the
DIRECTORS LGtGtIniD whether W surrender
the bunk to ,nu or raise the money llcccssar,
50 curry i through IT, dlfts'llty. From thu
lossibla for thu depositors to !0su II cent. ail.l
tllere Is n rcsunube possibility tint. III thu
worst condition VI affairs. tho stockholders
will GET considerable buck"
IT ALI. nEpESps ON WEEKS.
.Denyon-,''rhe Whole depends on Weeks
ability to Keep Ills head nb0va water. Weeks
WIS hers till afternunlt, nnd ILLS counsel this
evening lna1n Il statement TINT Beyeraf parties
viii, ar1 holding Ills. indebtedness llld nj.
ready exprcssYtt Willingness to e"rry TX ai;H
ers, md ttoy, were very confident they would
Lc successful IT. making favorable arrange
'' Secli"l,m" n. wv HWecks' entire }opo is based
upnl lis lnarglns. II he Is riRht the bank /.
right. If time Is nllowrd for tic ntlrlsut tt
ral!y aIM s! M taks securities, his n'arglns will
give lin n laryu surplus. 1le has o00, ,O0i
III Ills lossessfn!t to get margins on"
Nrcdhnm-" Yes; hui u nnn may holt
ss,ooo, 900 ind owe s:,7l5.ooo. 1t has been
stated That weeks lal