The morning call., 1894-10-18
WANT THEIR GOLD.
Angry Depositors of the
Peoples Bank.
Receiver Sheehan's Course Is Not
Satisfactory, and Legal Steps
Are Determined Upon.

1t had been stated that General John III.
Sheehau, receiver of the Peoples Home
Savings Bank, would render report of
his stewardship at a meeting of depositors,
to be held last evening at 102 O'Farrell.
but, although the hall was crowded, the
report that was looked for never came.
After the meeting had been called to
order by T. II. Mccarthy, chairman of the
depoSitors' committee IF seven, appointed
to 10 ok after the interests of the victim
lied, it was learned that the meeting had
been called TO listen 10 the report of the
committee on the condition of the bank S
affairs at the present time, ana also as to
what had been done between May and
September 90
The deposltqrs present were not In the
best of humor, ana when Chairman Nc
Carthy related how coldly, and at times
insolently, he had been received BY Gen.
eral Sheehan when in search of informa-
tion the assembled listeners gave full vent
to their feelings and openly expressed
their displeasure at the go-as-vou-p please
manner in which the affairs of the defunct
banking institution were being handled by
the Superior Court and its regularly ap-
pointed receiver.
After a personal investigation of the
| books the committee. through Secretary
| Pike, announced that the balance oD hand
at present is S5l, 800 26, aud in order to pay
| dividend OF per cent about So. 900 is
necessary. When the receiver took hold
on May the amounton hand was $2206 90,
and the May disbursements amounted 10
| $l124 As, OF which $500 went for salaries,
those Of the receiver and attorney not
being included. The June receipts were
| so, COS 6S, OF which $4,000 was from the
loan TO Morgan of Lo, Angeles. The dis
bursemeHts were S29. 591 81, of which S455
went for salaries. The July receipts were
S245 80 and the disbursements S1221 81 !:
salaries. $3.50 August receipts. ST. .2S1 Sc
| disbursements, 1852 81, OF which $50 was
in salaries, and September receipts
| $27, ,413 %; disbursements, 5000 4S. OF
which $50 was in salaries.
After some reference had been made to
the amount of the salary list Depositor
Harris created q breeze by demanding that
| the committee explain what it had accom-
| plished since its appointment. He stated
that Attorney II. w. Hutton was a MEM
| Der OF the committee and had nothing de-
posted in the bank in his own name. For
this reason he considered that he should
! be requested to resign in order that bona
ide depositor might be appointed In bis
stead. Chairman Mccarthy defended
Hutton and was followed by E. F. Ken
| dali. who claimed that the attorneys ac-
tons were not agreeable to majority of
| the depostors.
After considerable discussion pro and
con a resolution was adopted that the
committee be increased to twelve. and T.
S. Williams, n. Morton. Benjamin Lucy.
Frank MahOney and A. l.. Casaba
were appointed. 1t was also unanimously
decided that depostors or members Of
their family only should be appointed to
act on the committee. Ii was the sense
of the meeting that Judge Hebbard should
be requested 10 deal out impartial Justice
to the depositors. and that legal action be
commenced at once against the stock
hOlders