San Diego National Bank (San Diego, CA)

Article Text

The Cheyenne National Bank Failure

CHEYENNE, Wyo., Nov. 14.-The liabilities of the Cheyenne National bank are $180,000, with assets of twice that amount and such men as John Sherman and John Jay Knox holding blocks of stock. The Cheyenne National bank will liquidate in full. The only bad feature is that the calling in of loans by the examiner or receiver will put a cramp on some of the local business men. WASHINGTON CITY, Nov. 14.-Lacy, comptroller of the currency, has instructed bank examiners to take charge of the Cheyenne National bank, of Cheyenne, Wyo., and the National bank, of San Diego, Cal., both of which failed during the week. SAN FRANCISCO, Nov. -Bradstreet's Mercantile agency reports twenty-eight failures in the Pacific coast states and territories for the week ending yesterday, as compared with twenty-five for the previous week and twelve for the corresponding week of 1890.

Article Text

BROKEN BANKS

Examiners to Take Charge at San Diego and Cheyenne. WASHINGTON, Nov. 14.-Mr. Lacey, controller of the currency, has instructed the bank examiners to take charge of the Cheyenne National Bank of Cheyenne and the National Bank of San Diego, Cal., both of which failed during the week. Their affairs are somewhat connected, as the same officers are practically in charge of both banks. Controller Lacey says he does not know whether the report that Senator Sherman is a stockholder of the Cheyenne bank is true or not. NO NEW RUN AT CHEYENNE. CHEYENNE, WYO., Nov. 14.-Controller Lacey wires from Washington that Examiner Griffiths is on the way here to take charge of the Cheyenne National bank, which failed yesterday. Business is progressing as usual, none of the other Banks being bothered, though all are fortified for the results. The liabilities of the Cheyenne National Bank are $318,000, with assets of twice that amount and such men as Senator John Sherman and, John Jay Knox of New York holding blocks of stock. At a meeting Thursday evening when other city bankers attended on invitation, the involved bank was found to be in excellent shape and in confidence that, there would be no rush the doors were thrown open at 10 o'clock Wednesday morning, only to be closed in an hour when the $45,000 cash on hand was exhausted. THREE HEAVY DEPOSITORS SCARED. Three heavy depositors who were expected to assist were the first to draw and took two-thirds of the sum available. This frightened the small depositors. The Cheyenne National Bank will liquidate in full. The calling in of loans by the examiner or receiver will put a cramp on some local concerns, as the bank was practically carrying a good many men. The bank started in 1886 and has always been conducted aggressively by young men.

Article Text

WILL TRY TO RESUME

-The examiner in charge of the National Bank of San Diego, Cal., has telegraphed the controller of the currency to defer the appointment of a receiver for that bank, as the directors of the bank and a number of citizens are making strong efforts to rehabilitate the bank and have hopes of success.

Article Text

SAN DIEGO STEEL WORKS

Dr. Eames Says the Plant Is Nearly Completed. SAN FRANCISCO, Dec. 7.-Dr. J. C. Eames, who is associated with a syndicate of capitalists interested in the construction of a steel works plant at Roseville, a suburb of San Diego, is in the city on business connected with the enterprise. He thinks that the works will be in operation by the latter part of the month, as only one more carload of material remains to be put in place. Negotiations have lately been completed by which iron will be shipped by water to the works direct from the Tepustete mine at San Ysidro, Lower California, fifty miles south of Ensenada. The vein averages 125 feet in width. and has been traced on the surface for a distance of over 2000 feet. Dr. Eames says at least 85,000 tone of metallic iron ore is in sight, which averages 63 per cent of iron. It was intended to have the works running early last month, but the failure of the San Diego national bank retarded operations.

Article Text

A NATIONAL BANK IN TROUBLE-The controller of the currency has decided to place a receiver in charge of the National Bank of San Diego, Cal., and to leave open for a short time longer the question of the ability of the shareholders to restore the bank to a business basis.

Article Text

Will Appoint a Receiver WASHINGTON, Dec. 14.-The comptroller of the currency has decided to place a receiver in charge of the national bank of San Diego, Cala., and leave open for a short time the question of the ability of the sharebolders to restore it to a business basis.

Article Text

included are wheat, corn, oats, rye, barley, cotton and all other farm produce; also pork, lard and all other hog products. The bill provides that dealers in these futures and options shall pay annually a tax of $1000 and a further sum of 5 cents per pound on cotton and hog products and 20 cents per bushel on any other of the articles mentioned. LAW CASES DECIDED. In the case of Benjamin F, Brock vs John D. Bush, involving land in the Vancouver district, the Commissioner's decision has been affirmed. In the case of John M. King VS. John M. Vance, involving land in Lakeview district, Oregon, the appeal has been withdrawn. In the case of J. E. and H. Myers, involving land in Los Angeles district, the appeal has been withdrawn. SECRETARY FOSTER IMPROVING. Secretary Foster continues to improve slowly, but will hardly be able to leave his house this month. He has been compelled to cancel his engagement to speak at the dinner at the Boston Board of Trade Wednesday evening next, but arranged with Assistant Secretary Nettleton to rep resent him. General Nettleton left here for Boston this afternoon. MAJOR OVERMAN'S CASE. The Acting Judge Advocate-General has formulated a series of charges against Major Overman, based on the evidence of persons who accused him of official misconduct while on duty in Cleveland. Unless the charges are satisfactorily explained he will be court-martialed. PHOTOGRAPHING CHINAMEN. Acting Secretary Spaulding has instructed the collectors of customs at Buffalo, Ogdensburg, Suspension Bridge and Plattsburgh, N. Y., to photograph the Chinamen arrested for unlawful entry. It is expected in this way to establish positive identification. INVESTIGATION OF THE PENSION BUREAU. Representative Enloe of Tennessee has determined to offer a resolution looking to the further investigation of Commissioner Rauni's administration of the Pension Bureau, and will seek the appointment of secret committee inquiry. A RECEIVER TO BE APPOINTED. The Comptroller of the Currency has decided to place a receiver in charge of the National Bank of San Diego and leave open for a time the question of the ability of the shareholders to restore the bank to a busi ness basis. REFUNDING RAILROAD DEBT. In the Senate Frye introduced, with & number of amendments, the bill reported by him on March 2d last from the Select Committee, providing for refunding the debt of the Pacific roads. POSTMASTERS APPOINTED. A. P. Serrick was to-day appointed Post master at Campo, San Diego County, Cal. vice V. C. Livingstone, removed; M. Kinser at Montpelier, Stanislaus County, vice F. C. Kieffer, resigned. CULBERTSON WILL ACCEPT. Representative Culbertson said to-day that if he was nominated as Interstate Commerce Com missioner he will accept the position, but further declined to speak. SILVER PURCHASED. Two hundred and fifty thousand ounces of silver were purchased to-day at 96. PERSONAL MENTION. W. G. Morrow of San Francisco is at the Arlington Hotel.

Article Text

rate. The matter was referred to the attorney-general, and he recommends that the offer to compromise be refused. Acting Secretary Spalding said criminal proceedings will be instituted against the'offending persons. A RECEIVER FOR THE SAN DIEGO BANK. The comptroller of currency has decide to place a receiver in charge of the National bank of San Diego, Cal., and leave open for a short time the question of the ability of the shareholders to restore the bank to a business basis. SILVER PURCHASES. Two hundred and fifty thousand ounces of silver were purchased today at 96 cents per ounce.

Article Text

Receiver for a Bursted Bank

W ASHINGTON, Dec. 14.-The Comptroller of Currency has decided to place a receiver in charge of the National Bank of San Diego, Cal., and leave open for a short time the question of the ability of the shareholders to restore the bank to a business basis.

Article Text

Smuggled Chinamen to be Photographed

WASHINGTON, Dec. 14.-Acting Secretary Spaulding has instructed the collectors of customs at Buffale, Ogdensburg, Suspension Bridge and Plattsburg, N.Y., to photograph all Chinamen arrested for unlawful entry. It is expected in this way to establish positive identification. Newberger, Reiss & Co., of San Francisco, recently offered to compromise the government's claim against them on account of alleged entry of merchandise. An investigation resulted in the dismissal of the deputy collector of San Francisco, who was shown to have assisted in the entry of goods at less than the proper rate. The matter was referred to the attorney general and he recommends that the offer of compromise be refused. Acting Secretary Spaulding said criminal proceedings would be instituted against the offending persons. The comptroller of currency has decided to place a receiver in charge of the National bank of San Diego, Cal., and leave open for a short time the question of the ability of the shareholders to restore the bank to a business basis.

Article Text

Court Notes

Yesterday in Judge Smith's court the charges against E. -H. Boyd and J. K. Stump were dismissed, upon motion of the district attorney, upon the ground of insufficient evidence to convict. The charge of burglary against H. R. Whitson was also dismissed upon motion of the dietrict attorney, owing to insufficient evidence to convict. Yesterday in the United States district court, in the case of Max Harris, convicted of using the mails for the transmission of lottery matter, a motion in arrest of judgment was made and argued by J. A. Anderson for the defendant, and A. W. Hutton for the government. The ground upon which the motion was requested was that the lottery drawing list was not set forth in the indictment, and that it also fails to aver the existence of the lottery. The sentence of the defendant was postponed until the 28th inst. A nolle prosequi was entered by the United States district attorney yesterday in the case of T. J. Barnes, formerly postmaeter at Monrovia, charged with embezzlement, and the charge was dismissed. The government was unable to find a material witness in the case. A petition by Receiver F. N. Pauly, of the defunct San Diego National bank for a compromise on a $115 note was granted by Judge Ross, yesterday. The bank had taken a gold watch as security, and the receiver was obliged to take the security to get anything out of the transaction. Three cases brought by the Southern Pacific company against Pat Brady were yesterday referred by Judge Ross to Master in Chancery E. H. Lamme, to take testimony. Judge Van Dyke yesterday rendered judgment for the plaintiff, for $3,069.94, in the foreclosure suit of Garnier et al. VS. Jullien. Charles Smith, a native of Canada, was admitted to citizenship yesterday, by Judge Van Dyke. Judge McKinley, yesterday, in the case of J. D. Caruthers vs. Jasper Gee, rendered judgment for the plaintiff for $12.50, and for the defendant for his costs. Antonio Bonacina, a native of Italy, was admitted to citizenship by Judge McKinley yesterday. In the foreclosure suit of Mockenhaupt ve. Thornton et al., Judge Wade yesterday rendered judgment for $1600 in favor of the plaintiff. The damage suit of Eachus vs. the Los Angeles Consolidated Electric Railway company, was again on trial vesterday before Judge Wade, and will be resumed this morning. In a complaint filed before Justice Austin against Louis Escallier, charging him with battery, the person who drew the document gave the name of Leon Escallier, who lives on Aliso street, and the latter is properly indignant at the mistake.

Article Text

New Suits Filed

Among the documents filed in the county clerk's office yesterday were the following: Anna M. Spence, executrix, and J. D. Bicknell VS. W. F. Huston and F. M. Egleston-Suit for the specific performance of a contract by payment of $1000, or foreclosure of the mortgage. In the United States circuit court a complaint was filed by Philip Mose et al. ve. F. N. Pauly, receiver. The plaintiffs sue for the recovery of judgment for $1430, alleged to be due for rent of rooms occupied by the defunct national bank of San Diego. Suit was also begun by the same plaintiffs against the same defendant for $912.62, alleged balance due of collections deposited in the bank, and to declare the same a trust.fund.

Article Text

AN AMERICAN RUG COMPANY Which Is Not Backed by San Diego Money Cashier Dare Left Baynclimate for His Health and Is Now In Business at Athens SAN FRANCISCO, May 23.-The sensational smash of the National Bank of San Diego, four years ago, which was quickly followed by the suicide of President Collins of the main concern, and also by the death by his own hand of President Clark of the branch bank at Cheyenne, is still fresh in the minds of the people of Southern California. D. D. Dare, the cashier of the concern, and against whom the bank held claims for $100,000, disappeared a few days before the collapse and was next heard from in Rome. Negotiations were had with the Italian government for Dare's extradition, when suddenly he again disappeared from public view. Once more attention is attracted to the financial wreck and ruin by the discovery of Dare in Athens, where he rests secure from extradition laws, there being none between that country and the United States. George Lycurgus of Honolulu has just returned here from Athens. He found Dare running a concern known as the American Rug company, with its place of business on the main thoroughfare of the ancient metropolis. While Dare was not talkative on the subject of his sudden departure from America, he said he had left San Diego solely on account of the climate, which did not agree with him. He denied that he took any funds of the bank and insisted that he had left San Diego without any money. He had been fairly prosperous in the rug business and said that he expected his family to join him at an early date. Dare said that owing to the climate he did not think he would ever return to America.