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in and interest of on the a note directors were and affairs out were discussed, generally the bank Most during the day. but no regular meeton ing was hel held. spectator, who depositors is watching for An Interested behalf of his fellow up. was Justice of the believe something Harrington. to turn He does not directors Peace condition of the much more in the passive and thinks that a to those reaggressive the bank, policy in bank's regard rotten condition sronsible would be in for better the taste and more businessand like. utterly impossible to for say the yet, stateMr. It Knight is the authority loss will amount to. that ment, what in such the tangled shapevet mere guess, Things are give anything wide but a of the mark. is it How possible how which might be very when it will not of the be many known for some the time bank yet are forged the and direc- how notes held genuine? by As one of far too many are there has been nothing tors much said theorizing to-day, in figures. with to work upon. corretangible J. H. Dibble told from your Tueson, Director to-day that: banker in and conspondent prepared to step over all Arizona, the was bank's business. taking securities, the tinue the unquestionably met by good the shareholders. off His balance to there be was not enough idea to is pay to get of the local providing the depositors old in directors full. to join influence him if pos- and some sible, confidence. 80 as to He bring is said in to be worth from $200,000 to $300,000. to be decidedly round veering he that Popular opinion against appears President Pierce, knows and it is openly about asserted Leonard's transactions cares to adhad far with more the bank's funds also, than in granting he formed away mit. His action, the past year, after Company, he all his within P. Pierce standing in his the James except the five now It is being such an name. shares, is severely generally criticised. as to whether the discussed pretty considering with all the Mr. circumstances not in be declared illegal. toPierce was ank, could seen by your correspondent that "It was day and said: only last Tuesday condition, morning and had no suspicion I in was I first heard of the prior bank's to that time San Jose that reason anything was wrong business and had no particular Director first. that day for on visiting Santa Clara. I object most Franck knew to about the newspapers none referring of their emphatically my private affairs. this, It is however, that to will say James P. about business year 1 ago I At formed that time the divided Pierce shares Company. I held in the band. Company and my the *The James P. 1000 Pierce shares, 700 of Ralph that girls hold nearly in the name of James Francisco. number of the Bank being of California, P. Pierce. San I retained five as trustee of James qualify as director, two and sons to five shares to the name of my dieach enable were put them in also to qualify as of rectors." you any intention of crawling those out charged? "Had your liability by apportioning was asked. not. shares, as has been Mr. Franck, to whom that that ne expression made "I had use of is it. attributed. The shares denies are still in the about the $40,000 forged Knight note?' "What of it till Mr. to family.' "I never heard or two ago. It was used of told me of it a deficits, day but never knew from Sep- it. cover Why, up wasn't in Santa being Clara sick at home." tember till March. things looking at the bank up and nothing "How are are very much tangled The prinare "They definite is known in yet. Interest-bearing cipal defalcations which will amount to between to go for certificates, We will have ex back years $60,000 and $70,000. to find out their full tent.' As surmised, the foundation, rumor that as shown Leonard correhad fled had no statement. Your but Knight's Leonard's house this was morning, permission spondent Mr. called at to see him by Miss refused Leonard. gently yet that firmly her father was had somewhat given better She said to-day, but Dr. must Pierce not be spoken to strict orders tnat Hayward's he brother also better endeavored nor ragitated. him, but with no A was but success. meeting of Leonard's it creditors was secret. was well it was held this morning, attended. After an informal decided, discussion It of the situation of Attorney D. attor- W. on the suggestion Spencer & Burchard, of the Burchard Sheriff of Belinger, receiver order of sale neys for to file petition for an the Insolvent, consists 100 tons estate. of the personal property chiefly of of mining stocks of and which a half interest contention in regarding Leonhay. There is of some the mining stocks, Hayward's the ownership creditors claiming them, and the bank ard's also claiming them, of them. Owing heirs laying claim a portion to the value of these stocks, nothing the to the uncertainty definite as can be ascertained insolvent's erty as to that the amount can be sold of for the benefit of the your creditors. Burchard was seen meeting by adcorrespondent Attorney after the make any stateHe deelined to there will that journed. to what developments at the proper into be, mentas but he intimated of Leonard would and be brought strong time all the property the hands of the circumstances receiver the that there that were it was not not all so easy in the showing schedule. It was, one he said. would imagine, and for insolvent by drawn him hide property would doubtless account from the doors. various shortly 511 1118 before it closed its would be bank so doubt that Leonard of this compelled He had no to disclose the presence letters money. Hayward to-day applied for the special estate The F. E. of administration application upon was to of his brother. Judge Reynolds, number owing urgency. to belonging granted by It appears that a deceased of left since horses and in charge wagons of a man living Hayward's on the Los were Gatos road, and he haslett the country leit leaving death it is no said accounting that for the property in his charge. BROKEN WATER VALVES. Cause of the Delay the Alliance. in the Departure Alliance of May 15 The United The cause of States VALLEJO, here
