The morning call., 1894-05-22
Depositors Ask Boushey's
Resignation.
THEIR DEMAND IS REFUSED.
ANOTHER LIVELY BANK ROW.
flow the Committees Choice for
Directors Was BaIked-lndig-
nation Meeting Called.
s. A. MCDONNELL, druggist.

8. A. MCDONNELL, druggist.
d. p. FLINT, wool merchant.
w. b. WILSON, assistant auditor
Wells, Fargo & Co.
NJ II. LOGAN, physician.
J. II. CULVER. secretary Merchants
Institute.
These are the names of the men who m
the depositors' committee elected TO repre-
sent the interests of the depOsitOrs in 8
new directory of the Peoples Houe Saw
ings Bank. The committee mas worked
for several days past in the hope OF over
coming an obstacle which has prevented
the confirmation Of its selection. Last
night it decided that the obstacle could not
be overcome, and that is the reason if the
hall can be secured that an indignation
mass-meetinG OF the depositors of the bank
will be held in B'nai Birth Hall tomorrow
evening.
The committees efforts for the past week
or so have been directed toward securing
the resignation of Dr.. Julius BOushey. a
director and president of the Peoples
Home Savings Bank. Upon his with
drawal hinge the designations of four other
directors. McDODald. Keeney, Graves and
Jenkins.
The subcommittee Oh designations, Hut
ton and McCarty, have pleaded with, have
entreated and have threatened Dr. BOu
sbey in order to secure the resignation.
Both declare that on Friday he agreed to
resign. Yesterday be refused to do so.
On Saturday H. D. Pike and NJ. Harris,
two members of the committee, took it
to mr. hau
at his Office. There are two versions ex-
tant of what happened at that meeting.
Immediately afterward DR.. Boushey
consulted with j. A. Watt, the attorney.
Chief Crowley was communicated with by
telephone and as a result police officer
guarded DR.. Boushey's house all Saturday
night.
DR.. Boushey declares that when Harris
aud Pike visited his office, the former
shook his fist in his face, threatened him
with death if he did not resign. and de-
clared that If DR.. Boushey did not forth
with write his withdrawal from the affairs
OF he PEOPLES Home Savings Bank
thousand depositors would 60 out to his
house that night and hang him.
The statement by harris is this: "When
we demanded DR.. BOushey's resignation
knew that be would be killed if he did not.
! told him that l thought he would be
killed, and that the depositors would hang
him if he did not resign. That is all there
is TO the threat"
ii. d. Pike zorro bOrated the statement
made by Mr.. Harris.
There was a lively meeting in the Office
of Dorm & Dorm yesterday afternoon, when
10 Il i
resignation of DR.. B0ushey.
Here again are two versions Of the affair,
but the discussion was a very animated
one. McCarty charged DR.. Boushey with
insincerity, and with viewing the visit Of
Harris and Pike, at which DR.. Boushey
claimed his life was threatened, as a sub
terfuge, so as to refuse his resignation.
DR.. BOushey again refused to resign.
Charles R. Montgomery and George
Schultz have all along refused to resign.
Montgomery has repeatedly stated that he
would remain on the board to vindicate
himself. and Schultz has asserted that
there was no reason for his leaving the
board.
The following communication was ad-
dressed TO the committee or depositors,
which met in the Office of DR.. Logan on
OId0L avenue ldSJ evening.
SAN FRANCISCO, Cal, May 81, 1894.
To the Committee Of Deposttors Of the Peo-
Piles Home Saviuqs Ban6-GENTLEMEN: Hav-
ing been informed that il is The wish of your
committee 10 secure the designations OF all the
directors of the Peoples Home Savings Bank.
desire TO state that l am not only willing but
anxious TO resign my trust as president
and director OF the bank. aud stand
ready TO do so whenever satisfied that
the other directors OF the bank have
adopted the same course. / have been In
formed by your committee that the designations
OF TOUR Of the directors, to wit. Messrs. Jenkins
Keeney, Graves and Mcdonald. have been
placed Ia the hands OF Mr. Livernash, the at
torneY for Mr.. Mcdonald but / cannot be sat-
isfied that such designations are submitted in
good faith While In the hands OF Mr. McDOn-
AIDS attorney, nor am l able to see why my
retirement from the bank should be expected
while Messrs. Schultz and Montgomery, the
latter Of whom stands indicted by the Grand
Jury for malfeasance In Office, remain on the
board.
/ have at all times since the granting of the
injunction and appointment OF the receiver
Obeyed the orders OF the court and refused 10
become party 10 the various schemes TO re-
organize the directory In the interests of the
Mcdonald regime or OF any faction. When
ever the other officers and directors of the
bank shall have placed their designations in
the hands Of the court, The Bank Commission
ers or other independent authority, and the
way opened for the reorganization OF the
whole board with men who have the confidence
OF the public, and especially Of the whole
body OF deDOsitOrs, my resignation will be
placed In their hands. Respectfully,
JULIUS BoUSHEY, MD.
Seven members of the depositors' COM
mittee emphasized seven varying forms
of wrath when this letter was read in
committee. The name of Dr. Boushev
was coupled with intensive adjectives, anG
one of the mildest expressions which was