The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1894-01-08
THE PACIFIC BANK,
Directors Derelict and the Stock
holders, Therefore, Cannot
Hold Their Session.

There will be no meeting of Pacific
Bank stockholders to-day and there may
not be for some time to come. The way
seemed clear for some action at this gath
ing. 1t would be the annual meeting of
stockholders and interested parties looked
forward hopefully to a settlement of Pac-
fic Bank difficulties. They thought that a
new board of directors, who would adopt
measures TO assure speedy relief, might be
elected. The turning point seemed near
hand.
But all this is changed and the matter
appears in the same uncertain condition as
before.
John Z. Farnum, who returned from
New York with Dr. r. II. McDonald's
proxy, will not have a chance to vote with
the majority. Nor will Bank Commits
sioner Gerberding find himself a bank
president after leaving the cOmmiSs ion.
An injunction suit instituted Saturday
afternoon in Judge Levy's court by w. A.
Grade. stakeholder; against the majority
stock holders as follows is the disturbing
element: j. NJ. Burnett. administrator !;
Charles Padrieri, Myra NJ. Burnett. Sarah
G.. Burnett, Rachael Bruml. Margaret A.
Burnett, {. W. Breyfogle. guardian of
V. \. Cahill. minor; c. w. Breyfogle,
trustee; j. j. Bowen. John o. Colt. James
l.. Cogswell, Helen A. Carter, Emily NJ.
COgswell. Florence L. Cogswell. l.. Dia-
mant. Charles Farren, 3. Gilman, Mrs.
Amelia HOxett, Fl. Holman, Florence A.
ljams, trustee; Charles +. Lott, n. NJ.
LiuikeD, Emma A. Levanseler, r. Ii. Nc
Donald. j. NJ. Mcdonald. F. V. McDcn-
aid. trustee; Z. II. Mcdonald Jr., Mabel
Mcdonald, Paul r. Mabury, Stewart Nc
Donald. II. G. Meyer. Simon Meyer. d.
| Morris, F. ii. Page. E. W. Peterson. Mrs.
L. NJ. Ryland;, Ada G. Ryland, NJ. II.
trustee; John Tore. j. H. Wallace, Mrs.
X. J. Wallace, C. Waterhouse, Uriah
Wood, trustee; S. +. Long, William F.
McAlester, n. w. Spaulding. c. L. Rea,
j. r. Lutz, James Wainwright and K. L.
Harding.
The petition asking for a restraining
order will be heard by Judge Levy on
January "a, when the defendants shall
have to appear in court and show cause
why an Injunction should not be granted.
According to the bylaws notice of the
annual meeting should be given by publ
cation in the local papers for two weeks
previously. Such office has not appeared
in print, ami the omission precludes the
possibility of holding a legal meeting
Until January a the court orders that the
stockholders be restricted from holding a
meatiDg or electing board of directors for
1894
Attorney burnett, VINO Is administrator
of the bank, says an oversight was COM
mitied in not publishing notices of the
meeting but whether Intentional or not he
could not say.
'In view of this" said he, "the meeting
cannot be held legally. 1t will delay mat
tiers. perhaps indefinitely. for don't know
what Judge Levy may do. The directors
should have published notices of stock
holders annual meeting. which is held on
the second Monday of January each year.
But this year they did not do so, whether
by omission or intention [ don't know"
Anyhow there is no immediate prospect
of a settlement OF Pacific Bank business.