The morning call., 1894-03-23
WAR TO THE HILT.
The Pacific Banks Two
Hostile Camps.
NEPHEW AGAINST UNCLE.
Dick Mcdonald Matched With
Captain Jim.
NOW EAST WITH HIS FATHER.
An Attempt to Have the Doctor
Revoke the Power of Attorney
to His Brother.

1IOm new Oih lDdt ulS SUSPICIOUS nBhiHot
his son. r. II. Mcdonald Jr.. had. to his
mind, been converted into facts.
This note explains the proceedings which
took place on Wednesday. resulting in the
election of Captain James NJ. Mcdonald
as president of the bank.
The turning of father against son is
ascribed 10 the Vaccinations OF his enc
mics by the friends of young Mcdonald.
Those who succeeded in wrestling the con-
troll OF the bank, al least temporarily, from
young McDonald's hands, declare that it
is victory for the stockholders.
a directors meeting had been called at
the bank for Wednesday. Then the two
opposing camps began to marshal their
forces and prepare for the struggle. The
resignation of DR.. Mcdonald as president
of the bank, which had been in the hands
of his attorn eys, Sawyer and Burnett,
came into the posses sion of Captain j. NJ.
Mcdonald. After much skirmishing the
meeting began. Directors McAlester, Lutz,
COgswell, Long and Jephson supported
Captain Mcdonald. The resignation Of
his brother, the doctor, as president and
director, was accepted.
Captain McD0nold was first elected
director and then the president. With
his spower-Of-attOrney for his brother, the
doctor. Captain j. NJ. Mcdonald now con-
trolls two-thirds OF the stock of the bank.
This makes his power supreme, unless the
pOwer-of-attorney should be revoked by
DIR. r. H. Mcdonald. If that should he
done, then at the stockholders meeting,
which VIII take place April 3. X. II. Nc
Donald Jr., might thus regain control.
Under the regime now in control John
Z. Farnnm will act as manager of te
l.
Dunno and McPike as its attorneys.
Some months ago John E. FarBum went
East and attempted 10 secure the proxy
from Dr. Il. II. Mcdonald. The doctor
advised his son, II. II. Mcdonald DR., of
this fact. FaTnum did not get the proxy.
but one was made over 10 Captain j. NJ.
Mcdonald. In January an attempt was
made 10 accomplish what was so success
fully done on Wednesday last, the placing
of Captain j. NJ. Mcdonald in control of
the bank. The proxy was defective and
the attempt failed.
Dick Mcdonald learned that new
proxy had been secured and he went East
TO got his father to revoke Il. lie is now
with his father in New York. Frank NJ.
Stone, the attorney, is also there to assist
young Mcdonald. and NJ. A. Dorm, the
attorney, is also in the East.
Those who support young Mcdonald in
the controversy met yesterday. After
lODS ul>cuSSlUD IHcN u6ClutQ 10 uO nOiUllR
at present. The friends of young Nc
Donald claim that from the date of the
closing of the bank until the present he
has been kept so busy in trying ta bring
order out of chaos that il has been utterly
impossible for him to 60 East and confer
with his father
1t is claimed by one who is familiar with
Pacific Bank complications that DIR. Nc
Donald has been deluged with letters and
petitions and badgered with interviews by
those who are hostile 10 his son, aud that
for months past he has mad for his most
intimate and constant associates men
avowedly hostile to Dick McDun aid.
This state OF affairs, II is claimed, made
il difficult for Dick Mcdonald to conduct
Il correspondence with his father aud made
1t impossible for him TO obtain fair hear
ing.
The many blunders which Dick McDon-
aid made, his friends claim, have been the
result Of the deceit of others, and though
censurabe in a considerable degree. it is
urged that his case was never properly
presented To his father. though both At
torneys McPiKe and Stone had gone to
New York for that purpose.
Dick Mcdonald decided to present his
own case. lie went to New York. He is
now with his father. He will present his
side of the case and will accept his fathers
ultimatum. His friends believe that he
will succeed in convincing his father that
he has been misrepresented. They expect
to see him return with an order revOking
the power OF attorney granted to Captain
j. NJ. Mcdonald. Those who support
Captain Mcdonald are fearful that Dick
Mcdonald may be successful in his mis-
sion.
No Information, it is stated. is likely to
come from the East until a final concu-
sion has been reached and plan tor the
future outlined, both for the Pacific and
for the Peoples Home Savings Bank.
SO far as the situation here is concerned
il is thought no definite move will be made
before April B. the date for the meeting of
The stockholders. unless the Supreme
Court should in the meantime hand down
its decision relative to the restraining
order.
This order was requested on behalf of
the directors TO restrain the Bank Com
missioners. The effect of the decision
will be to establish the relative positions
of the board of trustees and of the Bank
Commissioners IN the liquidation of the
Pacific Bank. 1t will determine whether
;he authority Of he Bank Commissioners
is purely supervisory or both supervisory
and administrative and il will also deter
mine whether the assets of the corpora
ton shall remain under corporate control
or not.
DIR. Lang. the vice. e-presdent, has called
meeLng of the stockholders for April 8
will come The tug of war.
Those who have taken part in past con-
troversiss over the affairs of the Pacific
Bank have changed sides with at fire.
Quency and CELEBRITY that makes it difficult
to trace the changes.
At present there are two camps each
struggling TO capture DIR. McDonald's
proxy. Captain j. NJ. Mcdonald, the
leader of the ins by Wednesdays stroke of
policy, is supported by majority OF Tho
present directory. by the legal firms of
Dunno & McPike. Sawyer & Burnett and
d. III. Sherman of Los Angeles, who has
been largely interested in Pacific Bank
affairs.
Dick Mcdonald has the support of Frank
Nj. Stone, the attorney, ii. |. Wiley, who
was appointed receiver for the bank, and
others.
Attorney Baggett occupies a position
sui generis. He represents the Bank Com
missioners and desires to see Judge Heb
bard sustained in his interlocutory decree
A victory for the Bank Commissioners
would, perhaps, aid neither Of the fac
tions fighting for control. John e. Far
mum, the manager, occupies a happy posi-
tion. for it is claimed that whatever may
be the outcome of the present squapble
he is almost sure TO land on his feet" as
one OF the participants in the controversy