The morning call., 1894-02-17
THE PACIFIC BANK.
The Directors Attempt to
Get Control
On Writ of Injunction From the
Court Restraining the Commits
sioners in Certain Respects.

A story was current in the city yesterday
morning to thr effect that The board of dIrec-
tors had OBJ aiued possession of the Pacific
Bank aud had appointed o. +. Minor to sue
ceed Mr. Farnum, whom the Bank Commits
siOners had in charge of affairs. The story
was erroneous. Mr.. Farnum and the Bann
Commissioners are still In control ana Mr.
Minor continues TO occupy the position subor-
dinate TO the former which he has been Occu-
pying for some time. But there was This
foundation in fact TO the report which was cir
culated:
On Thursday DR.. s. F. Long, vicepresident
of The board Of directors of the Pacific BanN
obtained from Judge Beatty an alternative
wrIt OF prohibition, enIoining the Bank Com
missioners from selling any properly or trans
acting any business for the bank which would
apprecIabiy affect the assets of the institution
until the matter could be heard in the supreme
Court March o. This action was prompted by
the course of the Commissioners In advertising
as for sale a Ger ain portion of the banks real
estate, the directors objecting TO 1t on the
ground that the advertising tended TO Impair
the value OF tile property.
The writ was construed by Dr. Long and
the board OF directors into a right to demand
that The commissioners turn over 10 the direct
ors the premises, moneys and books of The
bank. and a resolution was passed that control
should be assumed at 10 O'Clock Thursday
morning.
The Bank Commissioners. however. refused
TO vacate on the ground that the writ did not
carry with IL a right of control. Tue matter
was argued back and forth considerably be-
tween the attorneys until Mr.. Baggett sug
gested that the court which had issued The writ
be consulted tn the matter. To this for some
reason or other the directors refused to assent.
aud went INTO secret session 10 decide on an
imm diate course of action.
Wnlie hey were so engaged the Commission
ers, deciding that in view of the order of the
writ business In the bank was virtually suspend-
ed, ejectrd from the corridors all the men whom
the directors had ready to place In office when
they should make the next great move. The
persons jected included The Well-known friend
Of "Dick" Mcdonald, A. f. Johns. and also
General Wiley. The latter Immediately re-
paired TO the Peoples Home Bank and tried TO
make connections with the board OF directors
through The tel phone, eventually succeeding
by some cunning device.
Meantime o. I. Minor had communicated to
the commissioners that the directors intended
10 make him manager In place of MIR. Farnum
and restoring TO his position the old janitor of
the building. Mr.. Minor was promptly notife ed
th bis duty under the law was to the commits
sioners and that any violation OF that duty
would be met with prompt dismissal.
The communications from Wiley and Johns
apprised the Directors OF what had been done
while they were in secret session. When they
came out OF their rooms and told Mr.. Minor OF
their esuution 10 appoint him manager the
latter politely declined, and Mr.. Farnum re.
fused TO surrender his post.
Thus foiird for the moment, the directors at
length consented TO apply To the Supreme Court
for an Interpretation of tbe writ OF Injunction
he appliCdtlun was tuduo lnufSOaY AFTERNOON,
Judges Beatty, Paterson, McFar.ane. Garoutte
and Harrison sitting In bank. and tue court
unanimously sustained the position of the
Commissioners. "The writ not Intended
TO change IN any wise the status of affairs AT
the time II was issued" This determined the
question of control.
Yesterday another complication arose On
account of the conduct Of the board of directors
Mr.. Rarding resigned. The board accented
the resignation at once, and applied 60 the
Bank Commissioners for one of the stock books
W laSn nely Al
field of the Baldwin Hotel. The Commission-
ers assented, but at the meeting of the directors
in the afternoon desire was expressed TO have
tneir certlncsies transferred. as they contem-
plated making further changes. and the Com
missloners refused TO allow II until permission
could be secured from Judge Hebbard. Thus
another quarrel arose. 1t was not settled, and
dav.