The San Francisco call., 1906-04-24

The bankers to " nom the people
are looking anxiously for relief from
the hnancial stringeacy held a meet
ing yesterday at the residence Of Mrs.
Eleanor Martin.
Two separate gatherings We're held,
one bE the savings banks. and the
other by the con mercial banks, the
latter resolving itself into a meeting
Of the clearinghouse.
After the meetil gs no definite state
menr could be totained as to lust
when the banks will begin paving
cut. money but several prominent
bankers stated that four weeks would
perhaps elapse before the vaults could
be opened.
Most important perhaps was the
appearance before the representatives
Of the commercial banks of Z. H.
Hartman, president of the Southern
Pacific, who stated that he had i'm
plicit confidence in San Francisco's
ABILITY 70 rebuild herself, and that
ne would aid with every resource at
MS command.
The San Francisco postofice has
now completed arrangements to cash
pOstal money orders, and destitute
money from friends and relatives bv
nat means. This announcement was
made by Frank J. Symmes, president
OF the Central Trust Company, i'm
mediately after the meeting.
The representatives of the CONNER
cial banks We're called to order by
Homer S. King. president of the
Clearinghouse Wellington Gregg of
me Croker M6olworth National Bank
acted as seeretary. Other than the
expressions of confidence in their
ability. TO recuperate and the general
discussion of the situation only this
definite business was transacted: An
executive committee was appointed to
nrOVide ways and means to prepare
1er the payment Of depCsitOrs' claims.
The committee is as follows: IgnatZ
steinhart of the Anglo-Californiap
bank Chairman; = L. Lipman of the
Nells-FargO Nevada National Bank:
T. 3. Anderson of the Bank of Cali
-ornia; c. K. Mcintosh of the San
francisco National Bank, and Well
-lgtOn Gregg of the Crocker- Wool
worth; National Bank.
A committee: on buildings and fu-
lure locations was appointed as fol-
lows: s.: G. Murphy. chairman: Henry
T.. Scott, Irving F. Moulton, James
*. Wilson and Frank J. Symmes.
The representatives of the savings
banks were called to order at the
eame time and effected an organiza-
ION Of which i. B. Pond of the San
rancisco Savings Union was made
resident. and W. Z. Palmer of the
humboldt Savings Bank was secre-
tary. A. committee was appointed to
meet with the Governor and have him
declare holidays until the bankers
can prepare to pay out their deposits.
This committee is as follows: Rich
ard NJ TObin of the Hibernia Savings
and Loan Society, chairman; A. II. R.
Schmidt: of the German Savings So
ciety; J. A. Hooper of the Mutual
Savings Bank; Mr. Abbott of the Sc
curity' Savings Bank, and A. n. Drown
Of the Savings and Loan Society.
Several of the largest banks of Oak
l3nd were represented, among them
he Union National Bank, the Oakland
Bank Of Savings and the Farmers and
Merchants Bank.
The members of the Clearinghouse
association yes1erday also met at Mrs.
fM1rtin's Their plans were not in
u officially. The action of Governor
Pardee in declaring a legal holiday
rom day to day was regarded as the
Lest possible. method of giving time
no the banks to get their. affairs into
sueh shape that they may pay their
depOsitOrs.
Among the plans discussed for the
Financing Of the nsw San Francisco
md the one that seems to find most
avor with the men who. have given
bought 10 the. Subjects that of
)nding the State for $4,000, 900, the
lie of the bonds to be thirty years.
is understood that this project is
nder consideration by Governor Par
dee, and will probably be the one sug-
gested by him to the Legislature if
n extra. session Of that body is called
10 meet the en- ergency.