The San Francisco call., 1908-11-18
EVERFT1'S
BOOKS ARE
IN TANGLE
Apparent Shortage of $4,000
in Accounts of StetsOn=
Renner Secretary
Trusted Officer Removed From
Position and Has Left
City
ETperts at Work on Affairs of
Big Drayage Firm Find
Discrepancies
Business Circles AstOunded at
Business Circles AstOunded at
News of Former State Sena-
tors Difficulties
\ apparent shortage of at least

A \ apparent shortage of at least
"a $4,000 in the accounts of Dan
"A iel II. Everett. former state
senator and secretary of the
stetson-Renner drayage company. his
removal from the position of trust
which he had filled for 10 years his
absence from the city and his failure
thus far TO explain discrepancies which
have been found in his books by ex-
perts-these are the conditions which
became known yesterday and which
have astounded the business circles of
the city. in which both the firm and
Everett are prominently known.
Through a routine matter Of business
transacted early in October by George
Renner. one of the members of the
firm, it was discovered that there were
glaring. Irregularities in Everetts
books and experts We're hurriedIy
called into consultation with the firm.
Everett left his desk at that time and
went 10 Howell Mountain near st.
Helena where he now is. His home at
1928 Steiner street was dark last night.
From his retreat the former secretary
has sent word that he viii return to
Ale city at any time he is wanted. but
so far he has not been asked TO assist
the experts. who have from day to day
found new discrepancies in the books.
Prominent among the conditions which
were not suspected by the heads of the
business were liabilities to the amount
Of $4,000
Renner, it is said, decided on October
2 last, TO withdraw 900 from his ac-
count with the firm to use the money
in private loan. Renner received
a check for the amount. which he in
dorsed and gave to the man with
whom he was doing business. Two
days later the check was returned to
The International banking company,
where it had been presented for col
lection from the Crocker national bank
marked NO funds" Renner thought
there should have been 5000 in the
bank, the amount the books showed.
An inquiry was made at the Crocker
national bank and it was discovered
that the account had been overdrawn
several hundred dollars. Immediately
the officers Of the drayage company de-
cided to employ as an expert G. T
klink Of the firm Of Klink, Bean &. Co.
accountants. They found the books
in an amazing tangle. The accounts
had not been balanced since March
When standing accounts would be set
fr1
made no entry, but had simply ruled
OF the account
A new deal was made in the Office
OF the company James c. Fyfe OF
the firm OF McNab & Smith was elected
secretary. He secured his position
through James AIcNab. who recently
sought the interest Of John W. Stet-
son. Fyfe found himself hopeless be-
fore the mess Of accounts and with
Klink is now trying TO straighten out
the affairs Of the firm so that a clean
sheet can be started from which to
start anew.
When Everett, who is 60 years Of
age. and therefore had been consid-
cred a valuable employe Of the firm,
returns TO the city the expert and
members Of the firm will have many
questions TO put. It viii be asked Of
him II playing the races had anything
TO do with the tangle in the books.
James McNab refused to discuss the
case yesterday and Renner would only
admit that an expert had been engaged
by the firm. G. T. Klink stated that
in his opinion the shortage was due
TO carelessness. A shortage of S6.75O
has been found already. and the expert
heLlanes The amount viii go hieher