The morning call., 1894-04-03
BRINGS NO PROXY.
Dick Mcdonald Back
From New York.
HIS FATHER is EXPECTED.
49,
The. Senior Mcdonald May Come
Any Day.
is FATHER IS EXPECTED.
WHAT HE SAYS OF THE BANKS.
Speculation Over the Meeting Called
for To-Day-Singular Transac-
ton in MADEIRA.

DR.. R. H. Mcdonald may arrive in this
city this week. His return is looked for
daily. 1t is his intention to again take an
active part in the affairs of the Pacific and
Peoples Home Savings banks. AS THE
CALL announced would be the case. r. II.
Mcdonald Jr: returned home yesterday
morning. When seen he said:
Il look for. my father daily. lie was to
have joined me in Omaha last Friday and
to have returned 10 San Francisco with
me. l went to st. Louis to get my child
and had every expectation OF meeting him
in Omaha. 1 Go not know why he did not
come on. Hewill soon be here and Will
act in unisen with me. | did not secure
his poSSe OF of attorney for the reason that
he will be here to act in person. When be
does come he will take an active part in
settling the affairs of the Pacific Bank.
NV father has 5000 shares in that inSiitu-
tioD. and my uncle Captain j. NJ. McDOn-
aid. has 1900 shares. Together they con-
troll two-thirds of the stock of the bank.
My father wishes to have all family diff
ferences settled. He has perfect conf
deDCe IN his brother, and desires that he
shall remain as a director of the BANK. He
gave me the written list Of those whom be
wished TO see upon the directory. Captain
j. N. McDonald's name appears on the
list, l calDOt give the other names until
l am authorized by my father TO do so.
My father had not left New \ ork three
DAYS ago. Whether he has done so since
do not know. When it was agreed that
we should meet at Omaha he was to lake
the Pennsylvania Central aud the North
western 10 that~city."
r. 81. Mcdonald Jr. stated that his
father outwardly appeared 10 be in the
best of healib b, but that he suffered from a
maiadY which at any time might PROSTATE
him, although 1t was OF such nature that
he might continue apparently we'll and
able TO transact business for many years.
He had been instructed by his father. be
added, not to quarrel with Captain JIM,
hut to endeavor to harmonic all old dill
feTences.
He met his father first at Norfolk,
Va. and together they attended the MOODY
and Sankey meetings there. His fathers
property in that city had greatly appre-
ciated. and there would be quite sum of
money available for bank purposes shortly.
MY fathers words were TO cOncillate
my uncle" said X. 81. Mcdonald Jr. He
told me that he desired to have the stock
holders meeting, which has been called
for tomorrow, postponed. as be would
come ont here to personally suparintend
the bank matters. My father stated that
he was ready to put in 100000 to re-
habilitate the Peoples Home Savings
Bank, and that after suitable directors had
been elected for the Pacific Bank he
would give his attention 10 the affairs of
that bank. | have an offer Of so cents on
the dollar for The Los Angeles electric
railway bonds. There are 400 bonds of
this description in the Pacific Bank, and
with other collateral ! can raise 500. GOO in
cash for that bank There are 2O0 binds
of In ba e.
Home Savings Bank"
X. II. Mcdonald Jr. is very indignant at
the action recently taken with reference
TO property in MADEIRA County. on which
the Pacific Bank has lien, and thus ex-
pressed himself:
Attorney Grant, relative of Ex-Bank
Commissioner Gerberding, in company
with NJ. H. Sherman, went to MADEIRA re-
Gently. In tbeface of writ of prohibit
ton OF the Supreme Court eDjoining the
Bank Commissioners from in any way
Interfering with the assets of the Pacific
Bank, Gerberding's relative, at the in
stance of John E. Farnum, relative of
Bank Commissioner Knight. brought suit
on behalf of the Bank Commissioners in
the Superior Court of the county Of Ma
dera against the California Fruit and
Raisin Growers Association TO attach
1000 acres Of unincumbered land of that
corporation. The suit was brought on an
overdTaft on the Pacific Bank, which was
the only debt the corporation owed. The
attachment vas issued, and now comes
the unprecedented action on the part OF
the Bank Commissioners agent, who sue
ceeded In getting, by some representations
the purpOrt Of which it is hard to.
imagine, a receiver appointed for the
property. Just why a receiver sbould he
needed when the action is brought for
about $4,000 on 100000 worth of realty
does nOtat first appear, out the receiver
who by the way Is G. A. Smith, a dis
charged employe of the Peoples Home
Savings Bank and an Intimate friend Of
John Z. FaTnum, has applied to the
Superior Court for permission to borrow
on receivers certificates, which would of
course form a first lien on the property,
the suns of $4,000 to be used as specifen
in his petition in caring for tha land
attached during the present year. Of this
land 800 acres are in volunteer grain.
which would cost 80 cents an acre 10
harvest. or 500. The remaining 200 acres
were plantsd 10 orchard. Or. w. JeDningsen
as receiver for certain lands adjoining
planted in vines. let contract TO man
named Giannini 20 cultivate the land for
So 90 an acre. At a like rate the 200 acres
would cost 500, making total expen-
.diture of $780, Smith wants $4,000 for
this purpose. He wants to get the court to
shDrten the time of the work so as to have
hearing on April g.
1t was learned that an effort was made
last night to serve notice on A. f. Johns,
one OF the directors of the California Fruit
and Raisin Growers Association. yester-
day, but failed, so that the case cannot
now come up next Friday.
Proceedings with reference to the Pa
cifc Bank will be watched with mucl in
terest to-day. A meeting of stockholders
has been called, but as restraining order
is out against their meeting, it is not
known whether or rot an attempt to meet
will be made.