The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-03-08
THE NEVADA BANK SUIT.
CLAUS SPRECKELS THINKS IT WILL
BE THROWN OUT OF
COURT.
A HINT AT MORE LITIGATION BE-
TWEEN THE FAMILY FAC
TONS

An attempt was made yesterday after
noon to learn from Rudolph Spreckels just
what injury he fears from the transfer of
stock proposed by the Nevada Bank, to
prevent which he has brought an injunc-
ton suit. The plaintiff could not be found,
but his brother, @. A Spreckels, said:
"The people at 437 Market street have
certain objects to gain by the transfer of
this stock. They have been trying to at
tain their object for long time, and have
given them just rope enough with which to
hang themselves. Now, my evidence is all
in, and propose to protect my interests.
This suit is only the beginning. The end?
You will find that in the courts at the
proper time.
81 am not the party in interest in the
present suit, but the agreement made when
Rudolphs stock was pledged was that it
should not be transferred out of his name.
II any one asserts to the contrary he lies,
that's ALL"
WAS there written paper to that eff
fect?' was asked.
I'VE will prove our case or keep it out of
court, was the rejoinder. ''Do | speak for
my brother? No, only for myself but our
interests are practically identical"
j. d. Spreckels remarked that the suit
was brought against the bank, but if it in
any way concerned him his attorney. S. NJ.
Shortrldge, could give any necessary infor-
nation.
Claus Spreckels said: ''There is nothing
in the suit You will see that it will be
thrown out of court. The company owed
me 100000, but the boys charged me in
their former suit with trying to rob the
stockholders. told my lawyer to offer to
settle for 100000, and thereby sacrificed
100000. Does that look as though was
frxrj n h
| offer, and then had to have security for
my money. Gus did not have security
enough, and so Rudolph pledged his stock.
1t was stock l had given him outright. He
never had any hand in the management of
the company 19 MY partner owned half the
gave half mine to Rudolph.
NOW they want to pay one-third of the
debt, and as we cannot divide the stock
that way without getting new certificates
l thought l would cut it up into smaller
parcels and have it all in my name, to save
trouble.
THE suit amounts to nothing. 1t seems
as if those boys like to be always in litiga-
ton; they must be crazy. They lost their
heads now these last few years, and vet
they used to be just as good boys as ever
We're"
Attorney Shortridge, whose firm, Delmas
& Shortridge, has been retained by the
ANSfoNo 4IUAihJ CPOhO VI tl1C lldIIcI WIFI
evident reluctance. 1.-THE suit" he said.
lis against the Nevada Bank to enioin
them from transferring certain stock from
the name OF Rudolph Spreckels. The
stock is pledged to the bank and the law
distinctly gives the Pledge the right to
have such stock reissued to him as such
Pledge. For this young man to charge
an institution of such known integ-
1rity with taking part in any under
handed or questionable transaction
affecting his stock is ridiculous. The bank
simply wants to protect itself and those
who are dealing with it. This young man
does not seem to realize upon what thin
ice he stands. Charges against him are
such that all his property in the Hawaiian
Islands is liable to confiscation.
"You may say that the step the bank
contemplates cannot in any way, manner,
shape or form tend to injure the interests
of the plaintiff in this case. We will re-
turn his stock to him when the payment,
which is still owing but not yet due, shall
be made, and we would be only too glad to
have him make the payment and take the
stock at Oncen