The San Francisco call., 1908-08-13
MARKET BANK YET
FIGHTS FOR DELAY
New Attorney, Joseph Campbell.
Is Unsuccessful in Obiec-
tons to Bond Sale
Declares He Will Have New
Scheme of Rehabilitation,
but Court Is Skeptical

After strenuous but unavailing OBJ
lection by Attorney Joseph Campbell
the latest Of the procession OF attor-
neys for the directors of the Market
street bank, Judge Sturtevant yester-
day permitted Receiver Louis H
valley railroad company. Mooser said
the offer he had received had 10 be ac-
cepted yesterday or else il would be
Withdrawn.
I viii Immediately serve uotice Of
appeal. so the bonds will not be sold.
anyway" threatened Campbell as he
left the court
uance OF the hearing Judge Sturtevant
said:
Il would like to accommodate you.
but you are the fourth attorney the
bank has had, and they have all pleaded
for delay"
Campbell answered he had only been
retained the day before, and said he
presentation to the court, embodying
scheme that he believed would end the
entire proceedings Immediately and re-
suit in the depositors getting all their
money.
The same thing has been said to me
repeatedly in behalf OF the directors,
but We have got no further" returned
BONDS HARD TO SELL
Receiver Mooser testified that he had
made inquiries and had ascertained
that there was little sale for the bonds.
and that $500 was q very fair offer.
His brother. Joseph Mooser, who is in
the employ Of the receiver, testified as
10 inquiries made of brokers, who had
told him the bonds We're very hard TO
deal in.
DO you folks intend to raise this
bid?" asked Judge Sturtevant Of Camp
bell.
No. but we hope to make a showing
on Monday that will end this whole
matter" Campbell replied
I have been hearing that for months
past The petition is granted" con-
cluded the court.
Still another attempt is to be made
on behalf OF the Market street securi-
ties company TO have set aside the
judgment by which the Market street
bank was declared insolvent and a re-
ceiver appointed s. R. Porter. q de-
positor, who has over $500 in the
bank, gave notice yesterday that on
August q he viii move for a new trial
Of the cause and for leave to inter-
vene- He proposes a scheme similar
70 that which has already been turned
down by Judge Sturtevant, by which
A4E EEE4LALAcS ulPa4E Will Turn W CT
the passbooks il has obtained. repre-
senting 1856. 900 Of deposits. in return
for the Burlingame terrace lots and
the contracts OF sale at q valuation Of
s321.O00 and other assets and property
OF the bank at a valuation Of $3.50. 600.
There viii then remain in the hands
Of the bank, according 10 Porter's pc
tition, cash and convertible securities
worth S3s0,00e. which will be suf-
-irsn ~r a he dcr1r NJ 1saf1fl-
tiles OF the institution He claims,
therefore, that the bank is not in
solvent. never has been insolvent, and
that the judgment should be set aside.
DENIES CLASH WITH NASH
The report that there has been a
clash between Mr.. Nash and myself is
false" said 4. F. MarteI, president of
the bank. yesterday. Martel, who has
refused 10 talk much OF late, spoke up
when he was questioned as to a clash
between himself and ". B. Nash He
denied that there had been anything
but the best of feelings between him
self and Nash. Nash also denied the
report He said that there was no
danger of a clash, that he and Mar
tel had always been the best of friends.
and that he saw no reason for the
breaking OF that friendship.
Louis H. Mooser, the receiver of the
bank. stated that In his opinion Aiartel
and Nash were sure TO clash sooner or
later He said:
when I, as receiver, make a de-
mand on the Market street securities
company for the books Of the deposi-
tors. which it holds, Martel viii be
willing 10 turn them over, but the
others in the securities company pos
sibIy will object II they do object,
and Martel insists upon turning the
/ books over TO me, do not see how a
clash can be averted."
A course Of investigation into the
affairs OF the bank has been outlined
/ by the district attorney, which he re-
fuses TO give out The refusal Of Nash
I TO testify, upon the advice OF his at
torney, now puts the matter up TO the
grand jury The case has not yet
been presented TO the grand jury.
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