The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1896-09-18
PACIFIC COAST BONDS.

The bank clearances at Seattle for the thirty
sixth week of the year figure up as follows: Clear
ances S433, 623 S3; balances, Sill, 4s2 81. This
is $6S,S36 81 less clearances than for the thirty
fifth week, and $76,269 33 less clearances than
for the same week year ago.
The following statement of the banking BUSH
ness in the State of Washington up to the close of
business July Ia. 1895, has been officially re-
turned: Total resources, S14, 1882; capital
stock paid in, $4,000, 600; surplus fund, $94A-
$50; individual deposits, $7,425, 1875; loans and
discounts, 1882, 1875; gold coin in vaults,
1851 ,Ose.
The State Treasurer of Washington has called
for warrants Nos. 1870 to 1905. inclusive, on
the general fund the amount being S26, 1857 81;
and also Nos. 1895 and 1897 on the military fund
for SlO53 80. Interest ceased September IL.
The Los Angeles Times says that assets Of the
defunct CT ty Bank having nominal face value of
100000 have been valued at 5000, this esUi-
being made in petition for privilege sell.
The Minneloa Town Company which has been
100000 divided into 1000 shares of the par value
of 500 EACH ana of this amount $500 has been
A large number of citizens recently met in con-
sultation vita the Board OF Supervisors OF MADEIRA
County to consider the advsability OF submit ting
TO the voters of the county PROPOSE ton 10 issue
bonds for the erection of a courthouse and jail
District Attorney Miles Wallace expressed the
opinion that money should be secured from the
school funu OF the state at and also said
that he thought that under the constitution forty
year bonds could be issued. Il. h. Cox thought
that $4,000 could be obtained at per cent It
finally resolved by the meeting to request the
supervise rs TO issue proclama ION calling Tor an
election. at which the proposition issue bonds in
the sum OF $5O,OOO Tor the erection of a court
house and Jail be submitted 10 the people.
The BOARD OF trustees of the Washington Flat
School District in Calaveras County have been au-
thoriZed TO issue bonds 10 tn amount of $780, to
build and furnish a schoolhouse In that district
The voters of Bear Valley District in Marposa
County have voted to issue bonds TO provide
new schoolhouse
The capital stock of the California Beet Sugar
Estate and Land Company has been placed a: 81
OUU,UUU, the incOrpOraJOrS De ng JOhn FarQuahar
Gilmore of Lo don, $24S5.000; Wendell Easton,
san Francisco, $3.50; a George Easton of san
Francisco. Vincent Neal of San Rafael. Victor G.
Du6oce and Albert H. Quatmen OF San Francisco
hold stock to the amount OF $500 each.
James II. Bacon OF the Bank of Salt Lake and
First Bank of MeIcur has made an OFFER of settle
menU 10 the creditors of the bank. he offers with
the assistance or IL. H. Rea, vce-p president Of the
Dalton & Lark Gold, Silver and Lead Mining and
Milling Company, to pay all claims against The
bank with Dalton g. Lark stock at 81 per SD are,
less any dividends that may accrue in the mean
time, but with interest at the of per cent The
Dalton IL Lark Company IS capitalized for S2,50O,-
O0O, and since it's INCORPORATION about eight
months ago has paid dividends to the amount of
$S5,00O. They are large silver and lead producers
at Bingham. part OF Mr.. Bacon's offer Is as fol-
lows:
81 now inclose a proposition from Mr.. Rea
which only needs the acceptance of four-fifths of
my creditors in amount TO make it a success The
stock Will be delivered for claims when that
amount have accepted. At the present time it is
impossible 10 raise cash. The report of the re-
ceivers, as pub ished, shows the total possible
assets 10 be worth $5S.9S9 so, which makes, when
proraJed among my creators, about 20 cents on
the QoLar OF tnelr claims. from which, OF course,
VIII be deducted the f. for receivers their attor-
neys and court and other expenses. An estimate
of these, if the matter is 10 be prolonged fora year.
would probably reduce what the creditors will re-
ceive throug h the receivers 10 10 or Is cents on
the dollar. The stock of the Dalton q Lark COM
pany sells for 80 cents per share, and in fairly
good times is worth far in excess of that
price II you will hold the certificate OF stock you
get of Mr.. Rea for two years, will agree ON the
back of il 10 purchase II at 81 per share, and 10
pay therefor, before two years, with per
cent interest, less the amount or dividends de-
clared by the Dalton IL Lark Gold, silver and Lead
Mining and Milling company during such time. If
the stock should not be worth dollar per share at
the end OF two years will be paving my debt TO
you and to MI Rea both; but 1 would rather nav
twice. if need be, than to let any one truthfuIIy
soy l had not done my best. This proposition will
be open until September 81 1852