The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1894-04-20
UNCLE AND NEPHEW AGREE.
Amity Between the Two Banks
Is Restored.
STARTLING DISCLOSURES LIKELY
Discoveries of an Important Nature
Said to Have Been Made by
the Bank Commissioners.

It is limited that the examination OF the
| Peoples Home Savings Bank by the Bank
Commissioners has already led TO some
disclosures. which, in day or two. will
develop something of a scandal connected
with that Institution. just what the ma
ture of this development is has been kept
secret, but it is stated that certain papers
which ought to be in the bank are not
there, and that some OF the favored depos-
/ itors have received larger share OF cash
on their accounts than those who could
bring NO influence to bear upon the bank.
However this may be, the Commissioners
an dAttorney-Genera Hart are still con-
tinuing the examination and refuse to
make public what they have learned. 1t
is hardly probable that the examination
will be concluded before the end of next
week.
| To further the work of examination,
Emil Bellerman, who is practically acting
as manager of the ba nix, and w. Il. Palm
er. the secretary, have been made Deputy
Bank Commissioners.
the statement which morning paper
published that Dir. Julius Boushey has
rendered his resignation as president OF
the bank is positively denied by r. III.
Mcdonald Jr., who declares that the re-
port was not we'll founded. and that DR..
| BOushey will remain IN the bank.
The resignation of NJ. ID. Merritt as a
director has NOT been acted upon a yet.
IL is stated that the tender OF his resgna-
ton was due to the fact that Mr. Merritt
could not devote the time which the duties
of the office required and Therefore asked
to be renewed.
At the meeting Of the directors yesterday
s. Nj. Shoriridge devoted some time TO an ex-
animation of The Los Angeles Co1soiid ated
Electric Railway bonds. Mr.. ShortTidge
states that an indirect offer Of financial
| assistance to rehabilitate the bank has
been made, but lie declined 10 state the
source from which the money was TO come.
1t is believed that this offer came from DR..
r. ii. Mcdonald. VINO expressed a willing
mes, some days ago to put money into the
bank If harmony between the factions
could be restored.
Mr.. Sh0rtridge has met the attorneys of
the Pacific Bank several times, and 1t Is
understood that the differences between
the two institutions will be settled out of
court.
Mr.. Shortridge is authority for the state
ment that the best of feeling now exists
between Captain j. III. Mcdonald and R.
ii. McDInald Jr., and he believes that the
factional fight in the Mcdonald family is
now thing Of the past. Dick Mcdonald
seemed we'll pleased with the situation
! yesterday. 1t is given out that much of
the difference which arose between uncle
and nephew was due to the course pursued
by Frank Nj. Stone. while attorney for the
Peoples Home Savings Bank. In fact
Some was very much averss to Captain
Jim becoming president of the Pacific
Bank, and after this was accomplished by
the refusal of DIR. r. II. Mcdonald 10 re-
yoke the power of attorney given his
brother, Stone wrote the doctor tnat Cap
tain j. NJ. Mcdonald was "a Grabbed,
selfish old man." and closed his commune
cation with several remarks in the 'l-toId-
you-so" spirit.
G. o. Swanberg is frequent visitor at
the Peoples Home Savings Bank, but his
claim has not been adjusted as yet. Swan
berg made trip to Europe. In exchange
for cash given the Peoples Home Savings
Bank be was given letter OF credit on the
Pacific Bank. and while absent the Pacific
Bank closed its doors and the letter of
credit became OF little use to him. There
seems to have been question whether the
Pacific Bank or tina Peoples Home Saw
ings Bank should be held responsible to
Mr.. Swanberg, but it is to the latter that
he is now looking to recover bis money,
the original amount of which was some
thug in excess of $4,000.
A policeman was Gu duty at the Peoples
Home Savings Bank all day yesterday.
There were no scenes outside the counter.
and DO angry dep0sitors appeared 10 de-
mand their money. backed by threat to
shoot, as took place on Tuesday last.