The San Francisco call., 1905-08-31
ELDREDCE GOES
TO NEW BANK

Governor Pardee will be called upon
to appoint State Bank Commissioner
to fill vacancy which will occur Sep
tember Is by reason of the resignation
of zoeth S. Eldredge. who resigns to
accept the presidency of the new Ma
tional Bank of the Pacific. San Fran
cisco.
Yesterday the following message by
wire was received rom the Treasury
Department:
WASHINGTON. D. c.. Aug. 3o 1905.
Zoeth S. Eldredge, San Francisco:
The National Bank of the Pacific at San
Francisco. No. 1894, is authorized to begin
business. Charter mailed. 7. P. KANE.
Deputy and Acting Comptroller.
The new national bank will occupy
the ounces in the Claus Spreckels build
ing now used by the Columbian Bank
ing Company. and 1t is understood that
the commercial business of the latter
institution will be transferred to the
new corporation.
The directors of the National Bank
of the Pacific are Zoeth S. Eldredge;
Walter J. Bartnett. vice president and
general counsel Western Pacific Rail-
road; Allen Griffiths, capitalist; Charles
Webb Howard, president Spring Valley
Water Company; Arthur Holland, pres
ident United Railroads.; o. A. Hale of
Hale Bros; James H. Swift, president
Columbian Banking Company: William
P. Plummer, manager Drexler estate;
John Lloyd, former president German
Savings Bank; e. F. Hutton of E. F.
Hutton & Co.. New York and San
Francisco, and Charles w. Slack. re-
gent University of California and
former Judge of Superior Court.
The capital stock of the bank is
100000. but will soon be increased to
100000. The officers are Zoeth S.
Eldredge, president; Walter J. Bartnett
and Allen Griffiths. vice presidents; NJ
j. Hynes, cashier, and Ralph S. Heaton
assistant cashier.
Several weeks ago the Governor was
apprised by Mr.. Eldredge of the con-
templated resignation, but the Commits
sioner was requested to withhold the
notice of leaving until the last mo-
ment. 1t Is comment In banking cir
cles that the Governor will be COM
peAed to scan legion of names before
finding a man as capable and energetic
as the outgoing Commissioner.
Mr.. Eldredge came to the Pacific
Coast in 1868 as weigher and cashier
of the Carson Mint. He went to Vir-
ginia City In 1874 and In 1873, after
service in the Nevada Bank was ap-
pointed secretary and manager of the
Virginia Savings Bank. He liquidated
that bank for Mackay, Fair. Flood and
O'Brien, who were founders of the in
stitution. He came to San Francisco
in 1881 and in 1888 was chosen cashier
of the Pacific Bank and was succeeded
by Samuel G. Murphy In 1893 he was
appointed National Bank Examiner
and served in turn in all the States Of
the Pacific as far east as the Dakotas.
In the panic of 1893 and two years
later he worked all over the United
States as special examiner for Comp
troller Eckfls. His record in the de-
partment at Washington is of the high
est grade. He resigned the Federal po-
sition in 1900.
In 1904 he was appointed to the
Board of State Bank Commissioners by
Governor Pardee. There will be an
army of applicants for the position,
but there are indications that the Gov
ernor will take time to examine the
special qualifications of all aspirants.
The salary attaching to the position is
$1,000 per annum exclusive of travelling
expenses.
= Herman Silver was recently reap
pointed Commissioner and it is report
ed that N. B. Blacksteck will be re-
appointed.