The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1911-03-25

On financial rocks in 1907 has walked
forth free man.
Perhaps no good can be dime now
even if Bartnett had been jailed. J.
Dalzell Brown, manager Of the insti-
tuition, who was considered by many
to be the biggest crook concerned i'm
the bank wreck, has served his meagre
eighteen months imprisonment and
has gone forth to new fields to re-
build his fortunes.
no punishment given these men can
bring back prosperity to the thousands
who lost their entire savings by trust
ing them to the care of a band Of
luDters. No punishment will atone for
the deaths Of those impoverished de-
positors who brooded over their finan-
cial ruin until they sought rest in a
suicides grave It could be no solace
to the family of T. o. Sadlier to learn
that the heads Of the bank had gone
to jail for term Of years. 1t would
not bring him back He shot himself
! when he learned that his friend Brown
had looted the bank of which he was
an assistant manager The final chap
ter written in the record of dismissal
of the last of the criminal prosecutions
which grew out of the wreck, closes
the history of one of CALIFORNIA; most
j., disastrous bank failures.
The laws record in the case has
been small, but the case itself has
been a most peculiar one. Bartnett,
David F. Walker, the president, and J.
! Dalzell Brown, manager, formed the
astral syndicate" and they delving
/ into the mysteries of spiritualism, were
/ influenced to make investments which
belied the name, so worthless were
many Of the investments" made Yet
to Bartnett must go much of the Gre
dit for bringing the new Western
Pacific Railroad to the Coast. He
worked for months on this matter, and
dreamer that he was, he saw the pos,
sbilities long before the majority OF
financiers, and worked zealously in be-
half of a new trans continental road
and there are those who do not hold
him greatly to blame for the wilful
wrecking of the bank. Those who
know him best say that he had alb.
solute confidence in Brown and all his
confreres in the bank, and his time
i, was pent not so much in conserving
the interests of depositors but more
/, in dreaming big things which WORKED
out would rebound to the benefit o
San Francisco and the state.
b. Be that as it may he fell with tn,
! rest, and now is the last to be free
, from the meshes of the law. Davlt
r F. Walker, former president Of tn
= bank, died in Salt Lake City in 1916
after making frank statement of tn
I manner in which he had become in
Z yolved He too had trusted much Il
a the integrity of Dalzell Brown-an
4 consulted spooks. James Treadwel
4 director, was tried for perjury bu
acquitted. He was also charged wit
q embezzling bank securities, but wa
freed when he proved that his nam
O had been used many timss withou
his knowledge by BARNETT, when tn
G latter was putting through ris crooke
q deals.
During the time that Bartnett ha
been on rial he has been workin
r with Eastern capitalists on a schem
q to rehabilitate the bank. Time afte
4 time the announcement has been mad
8 that the new company was ready
# take over the bank with plan to re
9 pay all depositors during a term {
years. The former Receiver lie Breto
n Of the bank died asst year, and Frank
q Symmes was appointed in his plac
,. He has never been consulted by III
r. promoters, and he refuses to ente
l. tain the ideas of the latter He wi
II turn over the bank for cash, nj
n plans, he says.
= HOW TO PREVENT CHOLERA,