The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1907-12-21
OTHER OFFICERS
Of BROKEN BANK
TO Be INDICTED
More Evidence Incrininat-
ing Financiers Ready
for Grand Jury
WALKER IN DANGER
Former President of Trust
Company Has Not Re-
ceived Immunity
PROBE STOCK THEFT
Treadwell and Associates
Must Tell of All
Operations

Indictments widespread in their
relations to the various incidents
of nlismanagement which contrib
uted to the crash of the California
safe deposit and trust company
but limited as to the number of
bank officials accused probably
will be returned before the end of
next week. Evidence of an in
eliminating nature is now being
prepared for presentation to the
inquisitorial body, and the formal
investigation of the general af-
fairs of the defunct institution
will begin Monday or Tuesday.
The indictment of ]. Dalzell Brown
and Walter ]. Bartnett on charges of
embezzlement based on the disappear
ance of the Cotton securities has not
concluded this phase of the investiga-
ton, and 1t will be taken up along
with the broader inquiry. In the true
bills returned Thursday the two fnan-
ciers are charged only with the en-
bezzlement of the various bonds (which
were included IN the Cotton securities.
no mention being made of any of the
stocks listed.
This omission was not due to slip.
however, but was deliberately planned
so that further indictments of a SINH
lar nature to those already on file can
be returned later in case developments
of the coming investigation SHOULD
make such action desirable to the
prosecuting officials. The formal
charges against Brown and Bartnett
now consist only of the accusation that
they embezzled bonds to the value of
about s2O5, 900, while the list of miss
ing securities also includes stocks
worth s15o,oOo more.
Another matter which will demand
the attention of the grand jury at this
time concerns the part which former
President David F. Walker had in the
-0AAVAAa bAhU tAdlfcoLaiVittf anu dAcO 3lON
much he knew of the actual conditions
of the banks affairs. Walker has not
been promised immunity from prosecu-
ton, but the matter of his Indictment
will depend entirely on the nature of
the evidence produced against him be-
fore the grand jury.
James Treadwell and other members
Of the executive committee of the
board of directors of the bank also will
be forced to face the music as the
grand jury progresses with its work.
Brown and Bartnett are the two men
against whom the great weight of evil
dence is accumulating, but Treadwell
and others are under cloud of sus-
picion that cannot easily be lifted.
Assistant District Attorney Cook is
personally conducting the search for
evidence. He said yesterday that
his case will be ready for the grand
jury by the first of the week and that
it points even more strongly to the
guilt of certain bank officials than he
at first believed.
The evidence now at hand, said
Cook yesterday, proves beyond any
doubt the commission of many fragrant
acts by certain officials of the bank,
and particularly by Brown and Bart
nett. do not know how many may
become involved before this is over,
but We are preparing now to go fur
ther into the matter of the Cotton
securities as well as into the facts of
the fraudulent misrepresentation and
misapplication of funds, offenses which
are punishable, under the banking
laws"