Article Text

Also Bank COMMISSIONERS Are for Not by the Public InstituScored Charge of the When Taking December Third, to the tion They on Wrote the Letter Bank Officials. Jose SAN JOSE, Feb. 4.-The the entire San Savings blame public is not placing of the Union the man Bank for the on wrecking H. Ward President. Wright, They directors are has been officers and who the other Wright has throw the equally holding responsible. to Frank blame and shown his a brother, disposition H. Ward but the Wright, public is others have officers and none on all the done so, too, that directors guilty. holding It is charged, in a good position of the Wrights are that the Wright the family has been to talk, since it seems a beneficiary of bank. report of the Bank ruined Commission- condiThe showing the utterly in for much ers of the bank The comes facts as revealed comment tion to-day. surprise, as. the public cause no anything since it been assigned has there was been found ready that long for valuable ago and assets yet count- had ed among the Commissioners assets. themselves held The Bank scored to-day. knew It is sixty are being Commissioners by their that the ago, as shown 3d, that days or more bank of December question the bank is why the and letter being to the was asked ruined. publish this The fact Commissioners now did not institution at that on take charge of the that it was put sufdate, and foundation either see or close particularly it. The hitdo a fering good in the depositors denunciation are body of the has Commis- failed to the very ter sioners, and say thing the for which it was here discussion created Another phase of the in the bank get certain in time to is have that been given depositors a tip that in the ordiIt is contended over $100,000 out. course of business out in less nary not have been dra in the deposits were generally than would thirty days for comparatively when small the about gossip sums. It is also that current Howard does not certain destreets now censure which It is serve the severe throw upon him. officials there was a specufruit, and and Howlation freely bank talked that possibly an attempt in market, the corner the prune through which ard was were carried on. for the Lieb, is to transactions the agent authority Howard's attorney, S. F. Howard was assured he statement would not be that disturbed this by is the looked bank. upon In the light of events It was one of the offi- the as significant. bank who gave the out insticers of the Howard owed tution statement $300,000 that or more, and practically without security. Howplaces Howard Wright bank now at $161,000. and ard's claims debt much to the security. be doubtful From if other the sources it is said much to over $25,000 on bank realizes has from whatever security to it appear that Howard. HowIt is beginning liabilities besides those vahas large Reports due the having ard defunct bank. claims against of rious orchardists coming. Current talk way to him for fruit Howard's are debts all Howard the reis putting $325,000 $350,000. his attorfrom uncommunicative and esmains neys declare that affairs they until can the give schedule no waretimate of his Howard has in a caris ten or completed. here some tied twelve up under house This is all was loads of fruit. for $2.000 which placed the attachment upon it a week features ago to-day. as a result Many distressing of the bank are com- been and of the financiering The institution has workeach popular ing to light. with Two school lady teachers teachers have $1,- the They ing girls. in shares of the bank, had also small savings 500 of their life. Now the stock their are worse than doubts. is deposits worthless. there. in grave Even little deposits generally are worried says over Depositors Cashier Friant Dethe situation. over 200 shareholders. town that there are saying about cannot pay an positors fear are many shareholders if they dethey assessment, even man interest. sired to do who so. owes the bank a He mort- now gage One recently paid has the been assigned but to says his of San that the Nevada assignment mortgage Bank has not gone Francisco, on record the here. The local public is saying to collect that some large bank will loans not aside be able from the Howard banks loans. It is fortunate that aware the of other the condiof the Union, and of town the were way the protected disturbances themtion this it would selves. In is much less than and of business they been public. have been had majority of surprised the fruit caught as the made by local ard's men Efforts to fruit prevent will holdings be the dumping on the market of How- in Thursday of a Will lump. H. Wright was the bank, on when H. elected President resigned and went Wright says when Howard East. Ward Wright bank to be all his right brother that believed but the current report to has see it after Will interest in fruit he Howard's left; Wright went East there. the Charged With Forgery. SUISUN, of o. W. Forsythe was arrested Feb. 4.-A man giving name