The Alaska citizen., 1911-03-06

.az-l 4.- u-.4 To AaEt for securing ... .t. .-.. F. Iyr tuy 4!HeroHgc be tween ..u Ht-u.4a.He assets ui the ua..n an. ..- Hau!uties. Chairman hga.A ..s .u the chair and Eu ho.al a.-e. as ~,.rclary oi the u-y4H-.
 Ai.y. .a explanation ot what the u,, .D- D.u been called for Cap -a.. l.t..,-lr l.se and uu.Iuei hlS t.-.. t.a explained the status of l., ".A..aA rg. Teyy anu stated --.f .c "As wli.Ls and prepared .e l.t--r tA.s tn secure the uepos- .-utr.
 uy had ,.mc 10 Fairbanks, he sa.. Iar t.e purpose Ut arranging ru ..,.r, ru. larger GcpOsI;OTs anu tr tag .a.IaI uE ol the smaller eu,- IMe l.4u Le Lad found did u.. u. ,l ~ra the approval of the la.-ec u,.0-uOrs. and SD now, he sa.a. a. Has wiling 10 put up iGul,r. ID secure all of the dcp0s- i.u-. ..c details oi this plan to Le aIal-ga with the depositors' p.mu.-a,.. When he affairs ol the laun Ut4 i,.I finally settled on au4 collection oi al assets male, he N t|.44 -.lts.E NlI AAt tt NiAN' NN'' oI u.s own pocket.
 The first move, he suggested, should .t disposal of the Gold Ear sock iIc had been informed l., lie baA.,r Horton bank that they would iro.ably be able 10 make an offer l5 purchase it in the near future d, a figure between S51e,ooo ant $a.u..,t. This purchase, how e;er. would be contingent on the fact tha- the S1Jl.UUo seized here would uc allowed 10 apply on the purchase. ;o te | ducted from the ovcrdraft with the Dexter Horton bank of a,uur s15o.uoo.
 Ills ua%t move. said the captain R.uli he ra raise money on his prlgs.o h.Idiugs sufficient to pa! off the remaining inleht dness, anC he believed that he could clear of ai ot IL indebtedness in the course of year. The further details oi Ll, plan be wished 10 discuss witt any comEircee which the depositors mtgh. name.
 slr Tozfcr then told the depost ,.,s Nhar tGov should do and he mf Captain Darnl'e then retired ,o the club.
 In .ho curse of five or ten min u.o- tle Gruo-itors realized tha tlc captain had left the hall anC considerable informal discussion wa iu'u's d in Many of the question which had 1,cn prepared in readi ness fe le fired at the captain were c%p'otel Larm'ess.y. and finally | wa- ,.il.d '0 recall rha captain This was done on the phone an6 Nr r z.nr appeared. Pouring lib eral suy-'@ of oil on the trouble ~a.er.- la Ea~ ahle to avert tho thr a.tu.d storm. and the meofinf fualIE afi3Hgncd afrer appointine EH. WI.u.. a committee of one tc rocr Rirn Captain Barnctte and ge q definite paaposition from him, thr same tr 1e submitted at anCthc' m eting to te held the next night.
 Thf- r,,.iu" WaS held on Thurs dav rt4nt and was as well attended as the one of the uight before Captain nnrrc'e was not present Tlr HI~ Toz'er was. Mr Wo'COt reaG .t. -1Ii inei statement from Ca.-afr narua,te and. upon mo ,irl. it vat decided to select 2 committee f seven to represent the dep ~i-or- in the matter of accep' inc sho security offered and in the anrofntr.ou. of a trustee to holF the Gecl- in trust The followin' were se} cted on the committee: r r Wolrurr. Dr. Aline Bradley. w A. SLiuk1c. Lee lesson. Jesse Noble Thomas Gihe~n and J. F. Robarts.
 Captain Barnettt's statement Wa as follows:
 Statement cf Captain Barnette.
 "Fafrbauks. Alaska. March ?, 1911 ''E r. Wol~o,'. Esq, City.
 Dear Sir-Iu response to you' re3ues: ma&e ne this day that submit to you acting as a commit tee of on for he depositors O the Washing g'on-Alaska bank. state mcnt of the securities and propert. which l stand ready to pledge tC meet any deficit that may resul in the winding up of the affairs O tho said bank, l beg 10 say as pre- face that it is quite evident that have been both misQu0ted and mis understood regarding my position Will say that all rumOrs to the con trary notwithstanding, my position at this time is purely voluntar' and prompted by the desire to me- what I deem a moral obligation an not a legal one I say this because at the inception of this trouble was advised by able attorneys. wh' I consulted b fore returning t1 Fairbanks. that I was not in an way liable 10 the bank or it's de positors in any sum whatever.
 "I returned to Fairbanks solel' for the purpose of using every en deavcr within my power to see tha the people who had deposited thei money and savings in the banf should receive therefor enc hun Gred cents on the dollar. That have hcen misunderstood is evi dent from the fact that all manne' of rumors have reached me in re gard to my intentions; that I have been misquOtcd is evident by tho fact that reports have been circu lated as 10 remarks that have made; that I have been further mis understood is evident from the fac that many of the depositors seem not to understand the situation.
 ''It is not my desire 10 in any way obtain control Cf the affairs Of the bank with the idea of lesseninF the security. but instead to in crease the security so that if the security and property of the bank should fail to pay dPpositors, in full that the securities that l give will meet such deficiency In other words it is proper that the affairs of the bank should continue in the hands