The morning call., 1894-05-01
WILD SCENE AT THE BANK.
Ward Sells His Passbook at Par
Finally.
NAGLE MAKES HIS APPEARANCE.
Shortridge Charges the Bank Com
missioners With Bad Faith and
Prearranged Decision.

Dick Mcdonald remained in hiding yes
terday. The angry depositors assem- bled
at the Peoples Home Savings Bank yes
terday morning and threatened to hang
him. They were headed by Mr.. Lores of
Oakland. Word was telephoned 20 Dick
Mcdonald and he remained away from the
bank.
In the afternoon c. o. Swanberg. who
put his securities in the Peoples Home
Savings Bank and departed for Europe
with letter of credit on the Pacific Bank
just before that institutions failure, called
at the Peoples Bank in an angry frame of
mind.
Mr.. Swanberg declared that Dick Nc
Donald ought to be swinging at the lamp
post in front of tire bank. 81 did not think
be was altogether so culpable as he is,
said Mr.. Swanberg, who has over $4,000
tied up in the wrecked institution, until
"a few days ago. He promised me on his
honor as a man that a certain thing In
which 1 am interested should not be done,
and all the while he was strongly advocat-
ing just the contrary of what be was tell
ing me. There is not particle of honesty
about the man."
A policeman was in attendance for
good portion of the day. Attorney Short
ridge and the delegation of ten which
waited at the bank with the expressed pur-
pose OF doing Dick Mcdonald some bodily
harm exchanged some angry words.
The first scene in the startling events of
Yesterday was the appearance of David
Maggie at the bank, when ex Secretary
Palmer came in. There was some talk on
&Ia 81 r., Nri4 20 al
Mr.. Palmer to leave the bank, but he did
not take his departure until ready. Palmer
had the combination of the safe, but re-
fused to open it until requested to do so by
Colonel Warfeld, who Is now exporting
the bank for Acknowledgement Bart.
The director had meeting in the after
noon, but refused TO make public what
was done. What they did do was this:
They ratified the action at the secret meet
ing on Friday evening, by which it was
agreed to pay MIR. Ward $1,000 for his pass
books. This is their par value. Mr.
Ward is the man who loaned II. !. Wiley
his name upon which to draw pay for
services rendered the bank some days ago.
S. Nj. Sbortridge. counsel for the Peo-
pies Home Savings Bank, makes some
serious charges against the Bank Commits
sioners in connection with their recent re-
ports. He accuses them of breaking their
faith with him and asserts that their pur-
pose was to wreck the bank.
''On Friday when they made their re-
port their functions ceased, so far as this
bank is concerned" said Mr. Shortridge,
shut the Bank Commissioners seem to
think they run the State of California.
rAoT- l,,kf
of the Fish Commission are prescribed.
'If the Bank Commissioners find that
bank mas violated its charter or the law,
or is engaging in an unbusinesslike prac-
tce, it is their duty, and the law so states
it, to notify the bank of such fact and give
warning TO desist. In this instance no
such notice was given. 1t is also the duty
of the Commissioners if they think bank
unsafe to report the fact to the Attorney
General. The purpose of the Commission
ers was to wreck the bank.
They did not keep faith with me in
two vital particulars. They agreed with
me that / should have the opportunity to
examine and cross-examine the witnesses
called before them. This was an honor
able stipulation. but they violated their
or know what statements had been made.
They did not accord the man against
whom the witnesses made accusations an
opportunity to answer their charges.
Common justice should have allowed Mr..
Mcdonald to be heard. They called him
before them, asked two or three unim-
portant questions and dismissed him
without an opportunity to answer bis
accusers.
son the afternoon of last Tuesday a
point was reached" continued Mr.. Short
ridge. 'where the Commissioners were
ready to take up the assets. AS it was
late, it was agreed to adjourn until $50
o'clock on the morning of April %. when
a careful and thorough examination was
TO be made in detail of the stock. bonds,
mortgages and realty in order To arrive at