The San Francisco call., 1895-12-15
TALK OF CRIMINAL SUITS,
The Safe Deposit and Trust Com.
pany Will Stop Aspersions
on It.
Its Secretary Replies to 7. c. Spell
ing's Statements in Indignant
Mood.
The officers of the California Safe Deposit

The officers of the California Safe Deposit
and Trust Company were very indignant
yesterday over the statements of 7. G..
Spelling rejecting upon that company's s
actions in regard to its position as trustee
of depositors of the Peoples Home Saw
ings Bank. This indignation brought out
several direct denials, and in one instance,
the reply to a statement of Spelling's was,
'sIt is ie.' Beyond all this the trust
companv's representatives stated their
views that the attack on their institution
transcended legal limits, and they declared
that criminal proceedings would be insti-
tuted against anybody who uttered state
ments tending to place the trust company
in false light, and thereby to injure its
standing as financial institution.
"Those people better beware" said the
secretary and treasurer, ]. Dalzell Brown.
tIf they go too far we shall put stop to
this kind of thing very effectively.
Spelling is 'shyster' attorney without
particular standing, who got into the Peo-
pies Bank affair, and received money for
services rendered and to be rendered. He
has stated that the trust com pany is not a
bank under the laws of this State. That is
lie. The trust company is incorporated
under the laws of the State of California
to transact a banking business and has
been and is operating under its articles of
incorporation and under license of the
Bank Commissioners.
"Spelling has stated that we listed pass
books of the Peoples Bank as assets at par
value in our report for 1895 to the Bank
| Commissioners. He has uttered false
| hood in this, too. We have done no such
thing as listed the passbooks of the Peo-
ple's Bank assigned to us in trust for col
lection. Our printed statement is public
property. But nobody can find in it what
Spelling, claims-that the passbooks of
Peoples Bank depositors are gwen as as
ment we have taken the full amount of
these deposits, $724, ,S7S "a, which we hold
in trust for the depositors for collection,
and given that amount as one item of re-
sources-not our resources, but simply
what we hold in trust. This has no con-
nection whatever with our banking de-
partment, and is only statement of what
is held in trust.
'As MIR. Bartnett explained yesterday
| the reason for dismissal of the Wlnterburn
suit to compel stockholders to pay the bal
ance Of unpaid capital of the Peoples
Bank, can only say that that matter was
taken up by the Peoples Bank directors.
| They brought suit to compel payment of
the unpaid capital stock, thus taking the
whole matter out of our hands.
1.-The truth of this whole contemplate
attack is this: These people are mad
! dened because we fought for the deposit
| ors, and since we took hold of the sorry
muddle we have shown up the nefarious
business transacted by that set of blood
suckers and bankwreckers. Their source
of revenue has been cut off, and now that
they find they can't suck the lemon dry
they are piqued, and try all sorts of mean
tricks to vent their spleen. But let them
| keep it up and they shall find US meeting
them more than half way"