The herald., 1893-08-12
CITY BANK ROTTENNESS,
Attorney Collins Questions
the Receivers Statement.
Clearing House Members Will
Protect Treasurer Shorb.
The Depositors Ask That an Assignee
Be Appointed.
Mr.. Collins Flatiy Dsniss That He Owss
the Bank Anything-The Bankers
and the supervisors-A New
Suit Flied.

S~AS - Af~>@s
vrcm Tuesdays DAILY HERALD.
In its issue Of last Friday the Tfmes
pretended to give correct list OF the
assets Of the City bank which were re-
garded a. doubtful. Among these was
mentioned 4 note OF H. O. Collins fol
$500. The reporter volunteered the In.
formation that this note was guaranteed
by Mr. Childress and was worthless.
Mr.. Collins was seen by HERALD re-
porter yesterday in relation to the
alleged note, and gave the following ex-
PLANTATION:
, I'm 1889 1 was engaged ~ the attor.
ner of the Riverside Cold Storage COM
pany, the plant being at that place,
while the headq quarter1 were at Uhicago.
The plant stood BY the railroad and be-
sidee the storage part also embraced an
ice isetory. II VA worth about $4,000
to $40, 900.
s'Finslly the company become in
volved In its affairs and failed to meet
liabilities 1t Riverside amounting TO
about tl000. Suit was brought for the
D purpose Of levying an attachment on the
plaut. Knowing that unless something
WAa done the plant would be sacrificed
ct ridiculously low figure. I wrote to
The attorney Of the company in Chicago
and explained the situation.
seThe plant was personal property and
and II sold by the sheriff could not be
redeemed within . certain time as is the
uaso with real eState. The attorney re-
piled and told me that while the affairs
OF the company at that period were in
volved he thought that matters would
. be Ad]usted and urged me to endeavor
to raise the money In some manner and
!, buy the property.
II spoke to Mr.. Childress, and he
'Game to my Office and stated the exact
situation to him. He said he would not
advance any money to the company, but
would buy the plant and sell it to them
again when they could redeem, charging
. reasonable sum for his rick and
trouble.
~ "In the meanwhile, Judgment was OBJ
7 tAined BY the Riverside people, and the
sher f. ssised the plant.
'sMr. Childress had been down and
seen the plant and said he would buy It.
Before he bought 1t the company went
completely to pieces, being in my debt
. 70 the exsent Of $500 for legal services.
The only property that they had and BY
which could possibly settle their in
debtedness to me being this plant.
"Itold Mt. Childress that had lien
( Of $500 on the plant, and that l could
not allow 1t to be sold unless my money
could be secured to me- Mr.. Childrees
said that be did not care to purchase
the property il there were any incum-
brances upon it, but that he would him.
self meet my claim, which he did. /
then turned my lien over to him. co
that he could chow it to the company as
: receipt for having settled their in
debtedness to myself.
I 1.-THE transaction there ended. both
between Mr.. Childress and myself. and
the Chicago corporation ~ we'll. tna
II have never owed the City bank any
money, nor have l ever given them my
note. How the matter happened to go
appear on the books l cannot say.
The statement by the Times is incor-
/ rect in that the paper appears in the
receivers report as my note. The only
reference to It is under the head OF bills
1 Receivable. IN none is made to any
no . Their statement, also, that Mr..
., Oh.l ress had relieved me from ell in
debte dness on the note was ridiculous,
for had it been my note, Mr.. Childress
por any one else could not have re-
lievsd me from my responsibility.
II consider that have been misrep-
resented, 80 make this correction. l
!, aleo appeared before Judge Mckinley
today and obtained an order for the re-
: ceiver Of the bank to show cause why
that particular clause in his report shall
not be stricken out"
THE BANKERS AND THE SUPERVISORS.
There was very important confer.
snce late yesterday afternoon between
ths board OF supervisors aud commit.
tes from the Los Angeles clearing house
with reference to the funds of the county
Z ID tho City bank.
AZ 4:8O O'Clock Major Geo. H. Bone.
I, brake, Judge X. M. Widney. Herman w.
Hellman, John E. Platter and DR.. w. G.
Cochran fled into the board room and
sook seats around the desks.
Only Chairman Cook and Supervisors
Francisco and Hanley ware present, and
District Attorney Dillon.
Major Bonebrake started the ball Of
I. Conversation rolling by stating that the
board probably knew why the clearing
houss committee had called; that it
e was to see II some arrangement OF a
harmonioHs nature could not be made
with reference 10 the $22 900 Of county
iunds Ia the City bank. 10 the present
ltate Of public feeling hs did mot think
The supervisors or the clearing house
wished to do anything to unsettle conf
iepce. In TACT the presence OF the COM
mittee was TO arrange things 80 that the
county would be absolutely sure or it's
money. They would like to know the
deA Of The supervisors.
Chairman Cook replied briefly that
The board OF supervisors had no dis.
position TO take any action but what
Rould be the best. In this matter they
sould know no one but. County Treas
,rer Hhutb and his bondsmen.
The matter OF bringing suit against
Nf. Hhorb and his bondsmen or some
lction bad been considered very serious
y by the board for several days, and
hey had determined to take some
.ction today lTuesday). They had de-
erred counting the money In the treas.
Try until then TO give the treasurer i
nance to have the money. But the
!Oard was controlled BY law and would
10 it, duty.
Jndgs Widnsy said that he could
asily see the responsibility Of the
,oafd. What the clearing house wished
DO was TO find some means by which
hey could keep the responsibility
u sLe' Grand Belts and his bondsmen
live. They were perfectly willing to