The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1894-06-01
TWO SUITS FILED.
Sheehan Again Appointed
Receiver.
important Legal Proceedings Which
Bear on the Peoples Home
Savings Bank.

Two snits were fled in The Superior Court
late yesterday afternoon. which have import
ant bearings on the affairs OF the Peoples
Home Savings Bank. One suit was brought by
l.. L. Dunand, as attorney for L. II. Knight. A
stakeholder, owning thirIy-three shares of tile
bank Stock and a creditor 10 the amount OF
several thousand dollars. The suit is brought
against the bank and the directors as ndi-
vidualS, charging the directors. as IN the com
plant OF the A torney-GeDeral, with embezzle-
ment 10 the action taken regarding the Swan
berg securities. and also charging them with
appropriating TO their own use a portion of the
special deposits.
In addition II is charged that large number
OF shares of the stock Of the hank we're issued
TO Dr. William I. bennington Without cOnsid-
GRAFTON, by which The stockholders and depos-
itors were deir uded.
The complaint prays for an accounting by
Tue directors for moneys alleged to have been
mlsappropIlated, asks for their removal on ihe
ground mat they wer elected and controlled
Dy DICK Mcdonald, who held IN iOIlty OF the
capital STOCK, ana that their successors il tbey
were permitted 10 name tn IN, would be An
pointed IN the interest of Dick McDonaIds
ne complaint asks for the bank to be liqui-
udleu ~ receiver appointed by the court.
Judge HeDOard. in granting the prayer an.
pointed General Sheehan receiver upon fur
nlshing bonds IN the sum of $4,000. which
Various acts of fraud were charged in the
complaint, anc upon The filing OF bond in the
sum OF SlO,OOU Dy Inc complainant an order
was Issued by Judge Hebbard resirainiue The
directors from trausacting further business
5I. Carr Smelling as attorney for Nathan Gold
tree, George +. ToOker aud Eta ooker filed
suit against all The directors Of the bank past
and present, and againS NJ. H. Sherman and
Emil BelieImau, charging tn misapprupria-
ton and ENLIGHTENMENT OF bank stock tn Ined
over 10 DR.. Jen9ingsOn. An accounting from
the directors is asked for. and an order TO show
cause why receiver should not be appOlnle d
requested. The order was made returnable a
week from to-day.
The second suit is entirely independent OF
the first Last Monday when the writ OF pTohi-
billion was argued In the Supreme Court attor-
neys present took IL that intimations were
given that though an ORDER appointing a re-
ceiyer in the suit brought by the AttOrney-Gen
eral might no be sustained, If the suit were
brought by stakeholder the decision might be
different This probably explains the bringing
OF the first suit, and under the order issued by
the court Receiver Sheehan had 10 qualify over
again, as 1t was an original proceeding.
Ii. l.. HightOD, attorney for Director
Graves and others, brought suit Yesterday
TO have the appointment Of a receiver set aside.
Both factions we're busy yesterday lin secur-
ing oepositors' signatures. The committee of
seven had a meeting last night at which ii was
reported the new number of signatures OBJ
tanned exceeded expectations. A feature OF the
work yesterday was that performed by Mrs.
Darling, who stood In front of the bank all day
obtaining signatures.
There promises TO be lively debate in Judge
heboard's court today over the attempt TO
secure new board OF directors for the bank.