The San Francisco call., 1908-12-27
MARK[TBANKLOSERS
STIRRED BY DELAY
Depositors, Led by Woman,
Score Receiver for Not
Winding Up Affairs

.
Charges that Receiver Louis Mooser
has permitted himself to be made the
tool Of a baud of financial bandits
who had been plotting to wrests the few
remaining dollars from the funds of
the wrecked Market street bank came
yesterday from those who had lost in
the crash. Depositors were up in arms
at what they termed the policy of de-
lay adopted by Mooser, and the Off
cial depositors committee, led by a
woman. declared that they would toll
crate no longer the secrecy that had
been thrown around the affairs of the
bankrupt institution since 1t had been
in the hands of a receiver. Charges
were frequent that extravaganza had
marked the administration of the re-
ceiVership, and that this policy, to-
gether with one of inaction. had fos-
tered attempts TO swindle the deposl-
tors. A number of the depositors held
meeting yesterday at the residence
of Mrs. c. V. Cook. treasurer of the as
sociation, 1924 Laguna street
DEPOsITORs IN IGNORANCE
That during the entire period of his
incumbency Of more than eight months
Mooser has refused any public state
ment of the receipts and expenditures
of the bank for the benefit of the 5000
depositors was declared at the meet
ing. So far as information from Mooser
is concerned the depositors have been
kept in complete ignorance, it was
said.
I'VE shall demand that Mooser pub
Iish a monthly statement of the income
and outgo Of our money" said Mrs.
Cook and we shall insist that an in
quiry be made into the way depositors
were permitted to be tricked into turn-
ing over more Than 100000 to MarteL
Crane and those who caused the bank
to fail Notices of the scheme to, ex-
change depositors' books for bonds in
the Market securities company, to be
redeemed in five years. were allowed to
be sent out on letter heads of the Mar
ket street bank and We're headed: An
nouncement by the directors OF the
Market street bank.
when depositors bought the bonds.
through the mails. as many of them
did who lived at a distance, they be-
iieved they We're taking the bonds of
the Market street bank. When they
called at the bank they found that they
had tied up their money and that the
bank had repudiated the bonds. Now.
a financial agent named J. B. Bartlett,
with offices in the Pacific building, is
buying in the bonds at the rate of 80
cents on the dollar, and many OF, the
dupes have sold out TO be rid of the
whole affair.
DELAY Is BLAMED
.Al these things have been made
possible through the delay which has
been allowed. 1 do not blame Mr..
SIooser entirely, and I think he is hon
est and doing the best he can, but we
who have lost the hoardings of a life
time feel this matter more keenly than
he can.
The same force of clerks that was
maintained while the bank was opened
is monthly eating up the funds and the
expensive Offices in the Grant building
are being maintained at a loss of more
than $500 a month in rent. Salaries
have taken $1,000 month Although
the bank is closed two private detec-
tives have been hired to walk up and
down the outside rail. If they were
going to hire detectives they should
have had them behind the railing
An effort to secure a statement from
Receiver Mooser yesterday was fruit
less, it being stated at his residence
that he had gone to Byron Springs to
recuperate and would not return until
the middle of next week