The San Francisco call., 1910-02-09
BOAS GIVES HELP
TO REORGANIzERS
Money Lender Promises CalifOr-
MIA Trust Company DEPOSIT
tors to Pay Dividend
Judge SeaweII Allows Another
Delay for Rehabilitation by
New York Capitalists

N-a - 11S SOAAp0AA9s PeChNu AllNo ud
Seawelrs court yesterday afternoon,
witnessed as dramatic and strange a
! scene as has been enacted in a San
| Francisco court in years
The rehabilitators were first plunged
in the depths Of despair by the court $
refusal to postpone the payment of the
receivers 10 per cent dividend from
February 10 to March l. but just when
things looked at their darkest Judah
Boss, the money lender saved the sit
uauon by undertak king to pay all needy
! depositors 10 per cent of their claims,
taking an assignment of their deposits
as security.
you have killed this scheme to bring
S7,o0o.000 or sS.0OO.000 of eastern cap
ital TO San Francisco shouted Henry
/ kowalsky, when the judge had indi-
Gated that he would refuse the post
ponement
I can but perform my duty as l see
it responded the judge, rising from
his chair
The entire reorganization scheme
is at an end cried Attorney Berton
Well VIII not your honor give us but
little time longer?" he pleaded.
OFFER TO PAY DIVIDEND
'I have made up my mind" replied
Judge Seawell. with his hand on the
knob of the door leading to his cham
bers, and he pulled open the door. Ar
guments were shouted at him from all
parts Of the room as the judge was
about to disappear from sight
I have a proposition" Judah Boas
was heard above the clamor crying
from the rear of the room. IF the
continuance is granted / viii out of my
own pocket pay to all needy depositors
10 per cent of the amount of their
claims"
What is that?" asked Judge Seawell,
returning to his chair. DO l under
stand YOU will pay the amount of the
dividend the receiver is offering?"
Yes. any one who has his bank book
can get it" declared Colonel Kowalsky
speaking for Boas. Those who are op
posed to it are a lot of cormorants.
They are like vultures who want to
feed on carrion fiesh.'
L want no personalities, cautioned
the judge.
"Boas had better bring up his three
gilt balls and hang them at the en-
trance of the courtroom" shouted A P
Van Duzer. one of the most inveterate
opposers of the rehabilitation plan.
For my part. when l want to borrow
from him. l will go to his office and put
up security"
COMPLIMENTS EXCHANGED
That is a gratuitous insult" cried
Berton We'll, coming to the defense of
Boas.
This man wants his commission for
advancing us 10 per cent" asserted
Nine. l. A. Sorbier, another opponent
OF the plan.
Il viii charge no interest or commits
sion of any kind promised Boas.
Having listened for 10 minutes to
of
ments and argument, Judge Seawell an
nounced that he would vacate his first
order and take the application for A
continuance under submission.
Cheers from the supporters of the re-
habiIitation scheme followed the state
ment. The depositors were permitted
the use of the courtroom, and Attorney
L L Brown invited all who wished to
avail themselves of Boas' offer to fur
nish their names. The only ones to do
so were Madame Sorbier, who has de-
posit of $40. sos, and Attorney Lester
Jacobs, representing Frank NJ Gar
dener. who controls deposits of about
800 900.
DEPOSITORS MAY GET CASH
Boas' offer holds good for all depos-
itOrs who wish an advance of 10 per
cent of their claims. The advance is to
be returned to the broker from the first
payments made to depositors, either by
the receiver or the rehabilitators, as
the case may be.
Preceding the startling windup to
the court session there had been an
interchange of arguments and person
alities such as have been heard over
and over again for the last six months.
The rehabilitation committee based the
application for one last delay upon
the fact that H. P. Wilson, the New
York capitalist who has promised to
put $1,000, ,00O into the reconstructed
bank, had telegraphed $4,000 to the
CrOcker national bank to be held as
evidence of his good faith.
r. E. Houghton, A. P. Van Duzer
and others laughed at this as a joke
and said that as the $50, 900 was de-
posted to the credit of Wilson he
could withdraw it at any moment he
pleased The deposit was not an eYi-
dence of good faith. they said, but
an evidence that Wilson owns
$50, 900. Houghton said he had no con
hdence in a scheme that had Walter
J. Bartnett behind ii and complained
that the Western Pacific had demand
ed that il should dominate the board
Of directors.
is SUGGESTED
"AI these lawyers who represent
the rehabilitation committee are VIC
tins of the hypnotism of Bartnett, and
this $4,000 is part of the money Bart
nett stole from widows and orphans"
shouted Van Duzer. About $40 900 900
was taken from the bank, and the
street talk is that the two Treadwel
brothers have s2,000.OO0 of it on de-
pOsit in the city of London. What
Bartnett did with his $2,00O,O00 is still
a secret"
Good for Bartnett if he has hyp-
Noticed money out of the pockets of
New York miIlionaires for this reha-
bilitation scheme" Interrupted Ko-
walsky.
"Hullo, you there. Why, / heard you
were in Belgium attending to the pro-
bate of the will of the king of Bel
gium," retorted Van Duzer
There was laugh at the expense
of Kowalsky, and after this had sub
sided Oscar Cooper defended Bartnett
from the charges that had been made
against him. It was at this stage that
Judge Seawell first refused the post
ponement and after hearing Boas with
drew his order.