New-York tribune., 1907-12-10
ARREST BANK PRESIDENT.
Further Complications an California
Safe Deposit and Trust Company.


| San Francisco Dec. 9-David F. Walker. presi-
dent OF tile California Safe Deposit and Trust Com
paDv was found travelling south "A Southern
Pacific train last night. when ne was supposed 10
be at his San Mateo home. He was placed under
arrest and taken from the train at SAINT Barbara
instructions OF Francis j. Heney, assistant
district attorney.
Shortly after the arrest of Messrs. Brown and
Bartnett last night detectives were hurried TO San
AIateo to keep David r Walker. president of the
bank under surveillance but finding he had al
ready left his home they traed him down to Santa
Barbara where he was held By the police author
tiles.
Bartnett is vice-president and general attorney
of the Western Pacific Railway. Mr.. Bartnett
yesterday tcleIaphed his resignation TO President
Jeffrey of the Western Pacific. and Of his own vo-
ution withdrew from the office OF vice-pIesident
and general attorney. He said:
shall also resign special administrator OF the
Cotton estate nor that am guilty of the charges
which have been made against me- but because
there is conflict between the interests OF the
Company and under the circunnstances l cannot
am going TO resign. but not because am guilty Oh
wrongdoing. - .. -. :.
that ] have not sold hypothecated them am
innocent of any wrong. The bank has 81 5ooOeo on
most Of them % it has js Se Sc ,,s ean m
viii have S2o,oGo0 in cash.
1t would be ruinous to have receiver appointed
OF OF the @ deposItors ', d # reSeyer &c Was appointed
GaV nd
market it would mean disaster
That Joint suit to recover approximately 50. .O00-
600 will be begun by the protective assoca-
ton of depositors OF the California Safe Deposit
and Trust Company WAS announced yesterday r.
Charles NJ Boynton, representing depositors VINO
number about thirteen thousand. The suit will be
directed against the three hundred and fifty odd
officials and stockholders the suspended institu
ton.
ton. where President Walker taken. ne made
the follow nE statement:
/ innocent of any wrongdoing in this matter.
and came to Santa Barbara some days ago upon
the advice of physicians and attorneys because the
m To o n InS 1K t con,enc ba in the nstippi
tion I viii say that I continued make private
deposits to two days before the crash. and am
left without dollar, except what is now on deposit
in the bank. I have $I2.91 there. and besides am
a stockhoder in the institution will return 10
San Francisco soon possible. and may az
range 10 go tonight
At the Office Of the Western Pacific Railway
Company IN this city yesterday it said that
the resignation of q. J. Rartnrtt vice-president.
general counsel ard director OF the company had
been received Tho resignation voluntary. an
official Cf the company said
Tie Western Pacific project was first heard of
in March, 1907. when a dispatch from San Fran
cisco received here stating that w J. Bart
nett ard J. DaIze Brown who. like Mr. Bartuett,
has been arrested in the California Safe Deposit
and Trust Company case, had acquired a freight
terminal in San Francisco at a OF 81. coo 0ob
a terminal at Oakland for S7JO010 and that
they had obtained franchise entrance into and
through Oakland and rights Of way through Ala-
media County. Later dispatches stated that the
Western Paachc Railway Company had been in
corporated with S5o000.oo" capital stock. con
struct road between San Francisco and Salt Lake
city. MIR BARTLETT was elected president of the
company. and il reported at the time that
it had been organized in the interest OF the Mis-
Pacific system In November. 1894. however.
the Could interest in the Western Pacific became
evident when r. T Jeffcry. president the Den
yer & Rio Grande Railway, elected vce-p -presi-
dent of the company. In June. 1905. Mr.. Bartnett
was succeeded president by Mr.. Jeffery, the
former being elected vce-president and general
counsel.