California Bank (Oakland, CA)

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TAKING A "HOLIDAY

" California Bank at Oakland in State of Suspended Animation. Oakland, Cal., Nov. 12.-At the earnest solicitation of the Oakland clearing house association, the California bank, D. Edward Collins, president, at Twelfth and Washington streets, did not open its doors this morning, and will take advantage of the legal holidays. The closing of the bank of William Collins & Sons at Ventura, of which D. Edward Collins is also president, is what affected the California. That bank is supposed to owe enough to the local institution to have embarrassed it, but merely temporarily. President Collins believes that during the holidays he will be able to gather in sufficient funds from available assets to reopen shortly. The California bank was incorporated Sept. 1, 1887. Its officers are: D. Edward Collins, president; John W. Phillips, vice president; Frank H. Brooks, cashier.

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CLEARING HOUSE LIGHTENED By the Temporary Suspension of an Oakland Bank. Oakland, Nov. 12.-At the earnest solicitation of the Oakland clearing house, the California Bank, D. Edward Collins, president, failed to open this

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Financial Institutions Suspend

The developments Tuesday in the financial crisis were as follows: The Merchants' National bank of Portland, Ore., with deposits of $5,212,052, closes its doors; California bank at Oakland, Cal., suspends payment; Farmers and Merchants' bank of Sapulpa, Ind. T., is foreed to suspend; People's bank of California, Pa., closes its doors; Ravenswood bank, a small Chicago institution, goes into the hands of a receiver.

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Financial Institutions Suspend

The developments Tuesday in the financial crisis were as follows: The Merchants' National bank of Portland, Ore., with deposits of $5,212,052, closes its doors; California bank at Oakland, Cal., suspends payment; Farmers and Merchants' bank of Sapulpa, Ind. T., is forced to suspend; People's bank of California, Pa., closes its doors; Ravenswood bank, a small Chicago institution, goes into the hands of a receiver.

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grand master of the Masonic Order Missouri, committed suicide at the Midland hotel in Kansas City, leaving no message to explain his action. There was no evidence that the fairs of the Bank of Albany were volved in the tragedy. Charles Tracy Barney, the deposed president of the Knickerbocker Trust Company of New York, and until cently a power in the financial world, shot and killed himself. The deed attributed to despondency over the loss of his large fortune and business standing. Bankers and merchants in session at Sioux City, Ia., adopted a system of grain checks which it was agreed should be accepted as currency. Merchants National bank of Portland Ore.; the California bank of Oakland Cal.; the Farmers and Merchants bank of Sapulpa, I. T., and the Ravens wood Exchange bank in a Chicago suburb suspended. The Royal Motor Car company of Cleveland, O., and the Gary wholesale grocery house Selma, Ala., went into the hands receivers. Secretary Cortelyou made the nouncement that as a means of fording relief to the financial situation the treasury would issue $50,000,000 Panama bonds, and $100,000,000 tificates of indebtedness, or so much thereof as may be necessary. The certificates will run for one year will bear three per cent. interest. Prince Charles of Bourbon was ried to Princess Louise of France Wood Norton, England, in the ence of about 40 members of families. Charles H. Seitz, formerly genera manager of the Michigan Telephone company at Detroit, died in Chicago from pneumonia. Mrs. Evelyn Romadka, the Milwau kee woman burglar, was sentenced the Joliet penitentiary for an determinate period of from one twenty years by Judge Brentano Chicago on her plea of guilty to charge of burglary. Louis H. Krehl, a young civil gineer on the Rock Island railroad shot himself in the head at Topeka Kan. The $22,000 worth of pay checks fo the miners of the Carbon Coal & company, which were lost from stage that runs between Longsdal and Cokedale, Col., were found boys and returned to the company. J. Ballin, a stock broker of Ham burg and a brother of Albert Ballin director general of the Hamburg-Amer ican Steamship line, committed cide. Alexander Fries, head of the of Alexander Fries & Bro., New Yor and Cincinnati, and one of the eminent chemists of the country, in Cincinnati. Harry Waters and his son Walte were struck by the fast mail train the Vandalia and instantly killed the village of Almeda, Ind. The safe in the post office at Seneca S. C., was blown open and $800 stamps and $200 in currency taken. The indorsement of William H. Taf for the presidency, and a demand home rule were the salient feature of the platform reported to the kan Republican convention. William Willcox, former superir tendent of the municipal lighting of Columbus, O., was found guilty a jury on the charge of defrauding city out of $1,170. A fatal wreck occurred on the souri River & Northwestern railroa between Mystic, S. D., and Rapid An extra engine and three cars, filled with passengers, plunged

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Jan

21-Merchants' and Farmers' bank of Fairmont, Minn., suspended. Feb. 2-F. D. Gilman, former president suspended Home bank of Goodland, Ind., found guilty of embezzlement. 8-F. D. Gilman, Indiana banker, sentenced to term of one to three years in state prison. -Disappearance of $173,000 from subtreasury at Chicago made public. Mar. 14-Virtual panic in Wall street; Secretary Cortelyou relieved the situation. 19-Citizens' State bank of Firth, Neb., closed by state. 28-Corbin Banking company of New York, assigned; assets, $3,000,000; liabilities, $1,700,000. Apr. 2-Maj. H. W. Salmon of Warsaw, Mo., convicted of illegal banking, sentenced three years in penitentiary. 11-Bank of Conception, at Clyde, Mo., ordered closed. 19-Ex-Judge Smith of Chicago, found guilty of conspiring to defraud stockholders and depositors of Bank of America, of which he was president; penalty, imprisonment and $1,000 fine. Jul. 1-Citizens' bank of Eureka Springs, Ark., suspended. 5-Fort Dallas National bank of Miami, Fla., closed. 20-Farmers' National bank of Boyertown, Pa., ordered closed. Aug. 3-People's State bank of Brownstown, Ind., closed by state authorities. It-Receivers appointed for Pope Mfg. Co., of Hartford, Conn.; failure ascribed to stringency of money market. Sep. 5-Watson & Co., members of New York stock and produce exchanges and of Chicago board of trade, failed. Oct. 9-Union bank of Richland, and Bowman bank of Kalamazoo, Mich., both private institutions, closed doors. 16-Collapse of Heinze corner in copper caused violent slump- in stocks in New York: firm of Otto Heinze & Co., suspended from stock exchange. 19-New York clearing house committee declared that the Heinze, Morse and Thomas interests had been eliminated from banking organizations of New York. 22-Knickerbocker Trust Co., New York's second largest financial institution, forced to suspend; great slump in securities; call money at 70 per cent. -Secretary of treasury ordered deposit of $25,000,000 of government funds in New York banks Four Westinghouse companies at Pittsburg and one trust company forced into hands of receivers because of financial stringency State Bank and Trust Co., of Carson, Nevada, failed. 24-Three minor banks in New York forced to close Southern Steel Co., of Birmingham, Ala., filed involuntary petition in bankruptcy. 25-Six more minor banking institutions in New York closed doors Union Trust Co. of Providence, R. I., suspended. 26-Banks in New York and Chicago, and many other cities adopted clearing house loan certificate system to prevent draining of supplies of currency and made withdrawal of savings deposits subject to legal notice. 30-California Safe Deposit & Trust Co. Finanbank, at San Francisco, closed cial corditions in New York practically normal again. Nov. 4- Three small banks in Kansas closed United States Steel corporation secured controlling interest in Tennessee Coal & Iron Co. 6-Receiver appointed for Arnold Print works of North Adams, Mass., one of largest textile concerns in country. 12-Merchants' National bank of Portland, Ore., California bank of Oakland, Cal., and Farmers' & Merchants' bank of Sapulpa, I. T., suspended. 18-Secretary of Treasury Cortelyou ordered issue of $50,000,000 of Panama bonds and $100,000,000 certificates of indebtedness as means of relieving financlal situation City National bank of Frederick, Okla., failed. 27-American Silk Co. capital stock, $11,000,000, which operated mills in several cities, placed in hands of receiver. Dec. 2-Chelsea Savings abnk of Chelsea, Mich., owned by State Treasurer Glazier, closed. 5-National Bank of Commerce, one of largest financial institutions of Kansas City. suspended. 6-Fort Pitt National bank of Pittsburg, closed. 17-Jewelers' National bank at North Attleboro, Mass., in hands of receiver.

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Union doors closed Trust Co

, of Providence, R. I., suspended. 26-Banks in New York and Chicago, and many other cities adopted clearing thouse loan certificate system to prevent draining of supplies of currency and made withdrawal of savings deposits subject to legal notice. 80-California Safe Deposit & Trust Co. Finanbank, at San Francisco, closed cial conditions in New York practically normal again. Nov. -Three small banks in Kansas closed United States Steel corporation secured controlling interest in Tennessee Coal & Iron Co. B-Receiver appointed for Arnold Print works of North Adams, Mass., one of largest textile concerns in country. 32-Merchants' National bank of Portland, Ore., California bank of Oakland, Cal., and Farmers' & Merchants' bank of Sapulpa, I. T., suspended. Secretary of Treasury Cortelyou ordered issue of $50,000,000 of Panama bonds and $100,000,000 certificates of indebtedness as means of relieving financial situation City National bank of Frederick, Okla., failed. -American Silk Co. capital stock, $11,000,000, which operated mills in several cities, placed in hands of receiver. Dec. 2-Chelsea Savings abnk of Chelsee, Mich., owned by State Treasurer Glazier, closed. National Bank of Commerce, one of largest financial institutions of Kansas City, suspended. -Fort Pitt National bank of Pittsburg, closed. 17-Jewelers' National bank at North Attleboro, Mass., in hands of receiver.

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FINANCIAL Jan

21-Merchants' and Farmers' bank of Fairmont, Minn., suspended. Feb. 2-F. D. Gilman, former president suspended Home bank of Goodland, Ind., found guilty of embezzlement. 8-F. D. Gilman, Indiana banker. sentenced to term of one to three years in state prison. -Disappearance of $173,000 from subtreasury at Chicago made public. Mar. 14-Virtual panic in Wall street: Secretary Cortelyou relieved the situation. 19-Citizens' State bank of Firth, Neb., closed by state. 28-Corbin Banking company of New York, assigned; assets, $3,000,000; liabilities, $1,700,000. Apr. 2-Maj. H. W. Salmon of Warsaw, Mo., convicted of illegal banking, sentenced three years in penitentiary. 11-Bank of Conception, at Clyde, Mo., ordered closed. 19-Ex-Judge Smith of Chicago, found guilty of conspiring to defraud stockholders and depositors of Bank of America, of which he was president; penalty, imprisonment and $1,000 fine. Jul. 1-Citizens' bank of Eureka Springs, Ark., suspended. 5-Fort Dallas National bank of Miami, Fla., closed. 20-Farmers' National bank of Boyertown, Pa., ordered closed. Aug. 3-People's State bank of Brownstown, Ind., closed by state authorities. M-Receivers appointed for Pope Mfg. Co., of Hartford, Conn.: failure ascribed to stringency of money market. Sep. 5-Watson & Co., members of New York stock and produce exchanges and of Chicago board of trade, failed. Oct. 9-Union bank of Richland, and Bowman bank of Kalamazoo, Mich., both private Institutions, closed doors. 16-Collapse of Heinze corner in copper caused violent slump in stocks in New York: firm of Otto Heinze & Co., suspended from stock exchange. 19-New York clearing house committee declared that the Heinze, Morse and Thomas interests had been eliminated from banking organizations of New York. 22-Knickerbocker Trust Co., New York's second largest financial institution, forced to suspend; great slump in securities: call money at 70 per cent. 23-Secretary of treasury ordered deposit of $25,000,000 of government funds in New York banks. Four Westinghouse companies at Pittsburg and one trust company forced into hands of receivers because of financial stringency State Bank and Trust Co., of Carson, Nevada, failed. M-Three minor banks in New York forced to close Southern Steel Co., of Birmingham, Ala., filed involuntary petition in bankruptcy. 25-Six more minor banking institutions in New York closed doors. Union Trust Co., of Providence, R. I., suspended. Banks in New York and Chicago, and many other cities adopted clearing house loan certificate system to prevent draining of supplies of currency and made withdrawal of savings deposits subject to legal notice. $0-California Safe Deposit & Trust Co. bank, at San Francisco, closed Financial conditions in New York practically normal again. Nov. 4-Three small banks in Kansas closed United States Steel corporation secured controlling Interest in Tennessee Coal & Iron Co. -Receiver appointed for Arnold Print works of North Adams, Mass., one of largest textile concerns in country. 12-Merchants' National bank of Portland, Ore., California bank of Oakland, Cal. and Farmers' & Merchants' bank of Bapulpa, I.T., suspended. as Secretary of Treasury Cortelyou ordered issue of $50,000,000 of Panama bonds and $100,000,000 certificates of indebtedness as means of relieving financial situation City National bank of Frederick, Okla., failed. 17-American Silk Co. capital stock, $11,000,000, which operated mills in several cities, placed in hands of receiver. Dec. Chelsea Savings abnk of Chelsea, Mich., owned by State Treasurer Glazier, closed. -National Bank of Commerce, one of largest financial institutions of Kansas City, suspended. Fort Pitt National bank of Pittsburg, closed. l7-Jewelers' National bank at North Attleboro, Mass., in hands of receiver.

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Jan

21-Merchants' and Farmers' bank of Fairmont, Minn., suspended. Feb. 2-F. D. Gilman, former president suspended Home bank of Goodland, Ind., found guiltv of embezzlement. 5-Disappearance of $173,000 from subtreasury at Chicago made public. Mar. 14-Virtual panic in Wall street; Secretary Cortelyou relieved the situation. -Corbin Banking company of New York, assigned; assets, $3,000,000; liabilities, $1,700,000. Apr. 2-Maj. H. W. Salmon of Warsaw, Mo., convicted of illegal banking, sentenced. three years in penitentiary. -Ex-Judge Smith of Chicago, found guilty of conspiring to defraud stockholders and depositors of Bank of America, of which he was president; penalty, imprisonment and $1,000 fine. Jul. 1-Citizens' bank of Eureka Springs, Ark., suspended. Aug. 3-People's State bank of Brownstown, Ind., closed by state authorities. M-Receivers appointed-for Pope Mfg. Co., of Hartford, Conn.; failure ascribed to stringency of money market. ep. 5-Watson & Co., members of New York stock and produce exchanges and of Chicago board of trade, failed. ct. 9-Union bank of Richland, and Bowman bank of Kalamazoo, Mich., both private institutions, closed doors. I-Collapse of Heinze corner in copper caused violent slump in stocks in New York; firm of Otto Heinze & Co., suspended from stock exchange. -New York clearing house committee declared that the Heinze, Morse and Thomas interests had been eliminated from banking organizations of New York. -Knickerbocker Trust Co., New York's second largest financial institution, forced to suspend; great slump in securities; call money at 70 per cent. -Secretary of treasury ordered deposit of $25,000,000 of government funds in New York banks Four Westinghouse companies at Pittsburg and one trust company forced into hands of receivers because of financial stringency State Bank and Trust Co., of Carson, Nevada, failed. M-Three minor banks in New York forced to close Southern Steel Co., of Birmingham, Ala., filed involuntary petition in bankruptcy. M-Banks in New York and Chicago, and many other cities adopted clearing house loan certificate system to prevent draining of supplies of currency and made withdrawal of savings deposits subject to legal notice. -California Safe Deposit & Trust Co. bank, at San Francisco, closed Financial conditions in New York practically normal again. Nov. 4-Three small banks in Kansas closed. United States Steel corporation secured controlling interest in Tennessee Coal & Iron Co. 22-Merchants National bank of Portland, Ore., California bank of Oakland, Cal., and Farmers' & Merchants' bank of Sapulpa, I. T., suspended. B-Secretary of Treasury Cortelyou ordered issue of $50,000,000 of Panama bonds and $100,000,000 certificates of indebtedness as means of relieving financial situation City National bank of Frederick, Okla., failed. 7-American Silk Co. capital stock, $11,000,000, which operated mills in several cities, placed in hands of receiver. Dec. Chelsea Savings abnk of Chelsea, Mich., owned by State Treasurer Glazier, closed. 5-National Bank of Commerce, one of largest financial institutions of Kansas City, suspended. 6-Fort Pitt National bank of Pittsburg, closed. 17-Jewelers® National bank at North Attleboro, Mass., in hands of receiver.

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Merchants' and Farmers' bank rinont, Minn., suspended. F. D. Gilman, former president I ded Home bank of Goodland, found guilty of embezzlement. D. Gilman, Indiana banker, sen> ed to term of one to three years in e prison. asappearance of $173,000 from subreasury at Chicago made public. Mar. 14-Virtual panic in Wall street; Secretary Cortelyou relieved the situa19-Citizens' tion. State bank of Firth, Neb., closed by state. 28 Corbin Banking company of New York, assigned; assets, $3,000,000; liabilities, $1,700,000. Apr. 2-Maj. H. W. Salmon of Warsaw, Mo., convicted of illegal banking. sentenced three years in penitentiary. 11-Bank of Conception, at Clyde, Mo., ordered closed. 19-Ex-Judge Smith of Chicago, found guilty of conspiring to defraud stockholders and depositors of Bank of America, of which he was president; penalty, imprisonment and $1,000 fine. Jul. 1-Citizens' bank of Eureka Springs, Ark., suspended. Fort Dallas National bank of Miami, Fla., closed. 20-Farmers' National bank of Boyertown, Pa., ordered closed. Aug. 3-People's State bank of Brownstown, Ind., closed by state authorities. 14-Receivers appointed for Pope Mfg. Co., of Hartford, Conn.; failure ascribed to stringency of money market. Sep. Watson & Co., members of New York stock and produce exchanges and of Chicago board of trade, failed. Oct. 9-Union bank of Richland, and Bowman bank of Kalamazoo, Mich., both private institutions, closed doors. 16-Collapse of Heinze corner in copper caused violent slump in stocks in New York; firm of Otto Heinze & Co., BUSpended from stock exchange. 19-New York clearing house committee declared that the Heinze, Morse and Thomas interests had been eliminated from: banki organizations of New York. 22-Knickerbocker Trust Co., New York's second largest financial institution, forced to suspend; great slump in securities: call money at 70 per cent. -Secretary of treasury ordered deposit of $25,000,000 of government funds in New York banks Four Westinghouse companies at Pittsburg and one trust company forced into hands of receivers because of financial stringency State Bank and Trust Co., of Carson, Nevada, failed. 24-Three minor banks in New York forced to close Southern Steel Co., of Birmingham, Ala., filed involuntary petition in bankruptcy. 25-Six more minor banking institutions in New York closed doors Union Trust Co., of Providence, R. I., suspended. -Banks in New York and Chicago, and many other cities adopted clearing house loan certificate system to preven draining of supplies of currency and made withdrawal of savings deposits subject to legal notice. California Safe Deposit & Trust Co Finan bank, at San Fran isco, closed cial conditions in New York practicall normal again. Nov. 4-Three small banks in Kansa closed United States Steel corpora tion secured controlling interest in Ten nessee Coal & Iron Co. -Receiver appointed for Arnold Prin works of North Adams, Mass., one largest textile concerns in country. 12-Merchants' National bank of Por land, Ore., California bank of Oaklan Cal., and Farmers' & Merchants' ban of Sapulpa, I. T., suspended. 18-Secretary of Treasury Cortelyou O dered issue of $50,000,000 of Panam bonds and $100,000,000 certificates of il debtedness as means of relieving fina cial situation City National bank Frederick, Okla., failed. -American Silk Co. capital stock, $11 000,000, which operated mills in sever cities, placed in hands of receiver. Dec. 2-Chelsea Savings abnk of Che sea, Mich., owned by State Treasur Glazier, closed. National Bank of Commerce, one largest financial institutions of Kans City, suspended. Fort Pitt National bank of Pittsbur closed. M-Jewelers' National bank at Nor Attleboro, Mass in hands of receiver

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WOULD RAISE BANK COMMISSION'S PAY Financiers Suggest $10,000 a Year as Lowest Price for Competent Examiners Divorce State Board From Pol= itics Proviso Insisted Upon for Greater Safety "Have for bank commissioners the same character of men as are bank directors; pay them $10,000 a year salary. The banks, which now pay the expenses of the bank commission, would be glad to meet the increased cost, owing to the guarantee of increased protection," was the recommendation John D. McKee, vice president and cashier of the Mercantile trust company, made to the legislative investigation committee yesterday. "Have a competent examiner as the head of the commission," I. W. Hellman Jr., vice president and general manager of the Union trust company, added. "Let the salary of the head of the commission be $10.000 a year or more. Divide the state into districts, paying the head man in each district, say, $6,000 a year. Have the district heads familiar with their district's condition. Take the appointments out of politics, though still leaving it in the hands of the governor." Senators Leavitt and Wolfe and other members of the committee assented to portions of the recommendations of McKee and Hellman, and it is probable that the committee will incorporate regulations for the change of the bank commission system in the report it will submit to the legislature. Leavitt introduced a lengthy discussion of the radical sections of the banking laws of Oklahoma, whereby banks are assessed 1 per cent of their daily average deposits for the purpose of creating a depositors' guaranty fund. In case a bank fails the state takes control of its assets, reimburses depositors out of those assets and meets any deficiency by drawing on the guaranty fund, which, in turn, is reimbursed by levying on the stock holders of the concern. But that suggestion did not find favor with the bankers present The legislators had invited representatives of trust companies to a conference yesterday morning. With Hellman and McKee there were present William G. Irwin, president of the Mercantile trust company, and B. C. Tognazzi, manager of the Central trust company. In outlining the scope of a trust company's activities, McKee said that there was not enough business of a purely trust nature in California for such a concern to thrive on, so they had to do a general banking business. Hellman agreed with that view, and recommended that laws be passed prohibiting trust companies from mingling their trust and their banking businesses. He said that to properly examine a trust company should take 30 days, instead of the one or two days the bank commissioners are able to devote to each institution. He spoke of the danger of a trust company making insecure investments, and spoke favorably of the system in eastern states whereby securities are classified by the bank commissioners In discussing the Oklahoma laws. Senator Curtin thought that they would tend to give the public confidence in the banks and prevent hoarding. Hellman feared that by insuring depositors the state would tempt them to deposit their funds in the banks making the most alluring inducements. Leavitt pointed out that the Oklahoma laws made misuse of bank funds by a bank officer a serious offense, and declared that the drastic laws would guard the state from the evils of wildcat banking, which Hellman feared. A post mortem will be held this morning over the California bank of Oakland, James Edoff, the receiver. having been invited to describe .the failure of that institution, so that the legislators, by a study of bad methods, may obtain ideas for remedial laws.

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BLAMES DIRECTORS FOR BANK FAILURE Receiver for California of Oak= land Declares Board Was Not Advisory Body Failure on the part of the board of directors of the California bank of Oakland to conduct the bank along conservative lines and the fact that the directors never acted in the capacity of an advising body are said by J. P. Edhoff, receiver for the defunct bank, to have caused the closing of the institution. Edhoff's testimony was taken yesterday morning by the state legislative committee appointed to inquire generally into banking methods at a meeting held by that body in the rooms of the harbor commissioners in the ferry building. D. Edward Collins, former president of the defunct bank, according to Edboff, had only a superficial knowledge of the science of banking. Many of the loans he made were made irrespective of the loaning capacity of the bank. Many loans of large sums were made to the president of the bank and corporations with which he was actively connected. D. Edward Collins, according to Edhoff, was also too much interested in the welfare of religious organizations and too little interested in his depositors. On one occasion Edhoff claims a loan of several thousand dollars was made to the Oakland Young Men's Christian association, the only security taken by Collins being an oil painting. Edhoff was unable to post the legislative committee on the value of the painting referred to, but he declared it was not a Van Dyke and said it was striking testimony of the loose method in which the bank was conducted.

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OAKLAND BANK WANTS ITS SHARE OF VENTURA MONEY A petition for a writ of prohibition to prevent any further steps being taken in the receivership proceedings of the Ventura bank, which recently went into the hands of a receiver, has been filed by James P. Edoff, receiver for the California bank of Oakland. Mr. Edoff claims the Oakland bank has been discriminated against in the proposed distribution of a dividend by the Ventura institution. An order was issued yesterday by the appellate court directing Judge Ewing of the Ventura county superior court and other interested parties to appear June 22 and show why a permanent restraining order should not be made enjoining them from all further action in the case.

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RECEIVER SUES ON MORTGAGE OAKLAND, Jan. 20.-Receiver James P. Edoff of the California bank sued the Land and Development company today for $23,000 alleged to be due on a promissory note given June 9, 1907. The note was secured by a mortgage on property located at Park and San Pablo avenues, Emeryville.

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FIFTY PER CENT HAS BEEN RECEIVED BY DEPOSITORS Affairs of California Bank May Be Wound Up by 1911 OAKLAND, May 5.-Depositors and creditors of the defunct California bank have received 50 per cent of their claims, according to the fifteenth report of Receiver James P. Edoff, filed with the superior court today. The report showed that liabilities had been reduced by $47,017.32 during the month of April, making a total reduction of $584,943.87 since Edoff's appointment. He estimated that the total payments would amount to 75 or 80 per cent of the liabilities and that the affairs of the bank might be wound up by 1911.

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RECEIVER HAS PAID OFF 60 PER CENT Defunct California Bank's Affairs Shown to Be Sound OAKLAND, Dec. 8.-Sixty per cent of the claims of depositors of the defunct California bank have been paid off by Receiver James P. Edoff, according to a report that he filed today. The total paid depositors to date is $679,760.99, and the balance due depositors is $375,290.31. The assets of the bank November 30, according to Edoff's report, were $449,774.75. A 3 per cent dividend was paid last month, making the tenth dividend since the bank's affairs came into the hands of the receiver.

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RECEIVER MAKES HIS SECOND ANNUAL REPORT Depositors of California Bank Will Recover 75 Per Cent OAKLAND, Jan. 28.-According to the second annual report of Receiver James P. Edoff of the defunct California bank all the debts of that institution, except $144,772.60, have been paid off. The report shows a gross reduction of liabilities of $690,311.50. Edoff declares that the depositors of the California bank will receive about 15 per cent more in dividends. They have already received 60 per cent of their deposits.

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RECEIVER EDOFF ASKS PERMISSION TO SETTLE Would Compromise Claim of Bank Against Company OAKLAND, March 19. - Receiver James P. Edoff today petitioned the superior court for permission to compromise the claim of the California bank against the Pacific plaster and lime company. When the California bank was closed the company owed it $67,888.37, for which permission was given by court to accept $35,000 in installments. There is still due $24,000 on account of this first compromise. Edoff reports to the court that Gilbert McM. Ross of Stockton has made an offer of $7,725 for a mortgage on Placer county property whereby the bank was secured. The receiver recommends that the offer be accepted, as the property in question is not worth more.

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RECEIVER RECOMMENDS SELLING OF STOCK OAKLAND, April 5.-Receiver James P. Edhoff of the California bank reported today that he had received an offer of $15,000 cash from Lem Williams for 65 shares of stock of the Ventura association, a corporation owning real estate in Oakland. The net value of the stock, computing it on the value of its holdings, is $16,629.60, but Edhoff does not think that the bank would profit by holding the stock until it could be realized on, His report advises the sale to Williams.

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FEW DEMAND REDUCTIONS IN THEIR ASSESSMENTS County Supervisors Sit as Board of Equalization OAKLAND, July 18.-F6w reductions of assessments were asked when the supervisors met today as a board of equalization. James P. Edoff, receiver of the California bank, asked that property at Howe street and Piedmont avenue be assessed at $4,500 instead of $5,300. Duane Bullard asked for a reduction from $3,200 to $850, and Mrs. C. Keefe of San Leandro asked for a small reduction on her property. Action was deferred until Wednesday.

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RECEIVER EDOFF'S BOND REDUCED TO $30,000 California Bank Depositors Will Receive 80 Per Cent OAKLAND, Dec. 24.-On the testimony that the dividends paid had greatly reduced the assets, the bond of J. P. Edoff, receiver of the California bank, was decreased today by Superior Judge Harris, from $50,000 to $30,000 today. It was shown that through Edoff's management the liabilities of the defunct institution had been so ably handled that the depositors will receive 80 per cent when the affairs are cleared up.