Show To Reorganize the Nevada Bank of San Francisco SAN FRANCISCO April 26A plan has been made public for the reorganisa tion of the Nevada Bank of San Francisco Fran-cisco A circular has been issued by N K Master formerly cashier of the bank and J F Houghton manager of the Home Mutua Insurance Company in which they propose the following plan The present stockholders will i eliminate and take their own account all the bad and doubtful assets ana assume and pay all the liabilities except ex-cept the amounts due the depositors and will turn over to the new management manage-ment sufficient good assets to be ap proved by a committee of the new board of directors to pay all the depositors de-positors and cover the full capital stock at par 3000000 25000 shares of 100 each to be taken by parties outside the present stockholders pay able at par on demand upon which tbe present officers and directors will resign and anew a-new board will be elected by the new stockholders Manager Biglow of the Nevada Bank states as the reason for the reorganization re-organization that the three men owning own-ing nearly all the bank stock J C Flood ExSenator Fair and J W ilnckay cannot give that personal attention at-tention to he i bank that it should receive re-ceive Flood on account of illhealth and Fair and Mackay other business |