The San Francisco call., 1909-07-22

ID. Collins and kington We're attorneys
for Mrs. Monnier. After Collins quit
the very active practice of civil law to
devote himself to the hopeless task of
defending himself in the criminal
courts the Monnier case came to the
hand of Attorney Charles l. Patton,
with whom Kington became associated.
Young Monnier had gained the victory
in the superior court but Patton pre-
pared papers for new trial. Later the
matter was compromised. Mrs. Monnier
had considerable litigation and Patton
and Kington were engaged in her work
Patton yesterday told of the financial
settlement between her and her attor-
neys.
I'VE had several agreements" he
said. and finally this note for $40 600
was prepared and given by Mrs. Mon
nier. The note was made payable to
me for services and 1 agreed to settle
with Kington out OF the proceeds.
sold the note to the Union state bank
w. c. HAYS being then manager. The
note can not be questioned. / saw Mrs.
Monnier recently and she did not say
that 1t was disputed nor repudiated
have every confidence in Kington.
believe him to be a straightforward
young fellow and l can not doubt the
propriety of the sale OF this note"
KINGToN GROWS IRRITABLE
Kington did not take the publicity
concerning the note as calmly as did
Patton. He insisted that there was no
question about its worth. but appeared
irritable when the issue was pressed.
The $1,000 note was secured by a
mortgage on q piece of property owned
by Mrs. Monnier at Geary and Larkin
streets and valued at between 100000
and $4,000 The note was sold out
right to the Union state bank, of which
Hays was manager and Kington at
torney and director. In the filagree
f1nanciering practiced by Hays the note
and security passed into the possess
sion of the Metropolis bank and trust
company as security or part security
for a $40, 900 loan made by the Grange
concern to Hays, Hasshagen, Betchel
and their coterie of joyriders.
Now the question is. If Mrs. Monnier
carries her uncertainty regarding the
negotiability of the note to the point
of law suit, and, in the course Of the
litigation, the paper should be inval-
idated, who would lose? The creditors
of the Union state bank or the Metrop-
oils trust company?
Bank Examiner Young threw up his
hands in anguish at the mention of the
Monnier paper I'VE passed over that
for the time being three days ago."
he said, and | don't want to discuss 1t
for a while"
Young had no progress report to
make yesterday regarding the examin-
alton of the books. The superficialities
have not yet been covered and the sub
cutaneous finances have not yet been
probed. The examiners have not
reached the certificates Of deposit. They
might disclose a condition of affairs not
now realized.
Superintendent Anderson has ap-
pointed the Anglo and London Paris
national bank as depositary for all
moneys coming into the State savings
and commercial and Union state banks.
G. Berson, a director of the State
savings and commercial bank, had an
interview with Bechtel yesterday re-
garding a possible rehabilitation of the
concern. Bechtel assured the director
that such a move was out of the ques-
ton, as the superintendent of banks
had declared emphatically that the
banks could not be rejuvenated in any
circumstances