Show BROWN LINGERS IN CITY PRISON Manager of the Suspended California Bank Trust Com Corn Company Company pany Appears Friendless BONDS BONES GIVEN FOR WALKER STOCKHOLDERS AND DEPOSIT DEPOSITORS ORS MEET I o oSan San Francisco F Dec De 10 l James James Dalzell Brown general manager of the suspended California Safe Deposit Trust company who was arrested last Sunday night nighton on the charge of ot embezzlement was unable to obtain a bond for and tonight he occupies a cell ceU in the female ward ard of the 4 city prison David F Walker president of the institution ar arrived arrived arrived rived here tonight ht under custody of a police officer from Santa Barbara where he was arrested i yesterday A bond for had already been secured for him and he was given his liberty 0 c San Francisco Dec 10 About men and women depositors in the in insolvent Insolvent Insolvent solvent bank of the California Safe Deposit Trust company held a meet meeting meetIng ing lug this morning in the Dreamland skating rink at which Charles F presided A committee was aas appointed to confer with other groups of depositors and to arrange for fora a general mass meeting of oC all aU depos be held some day this week A hopeful feeling prevailed d and it was the sentiment of the th majority present that the condition of the bank is not so bad badas as has been reported Two representatives of the district attorneys office are today toda examining into the affairs of the suspended bank with a view of ascertaining whether or not there has been any criminal mismanagement or misappropriation o of funds that would warrant crIminal proceedings against the officers or di directors directors directors rectors of the company Meeting of Stockholders This morning a meeting was held by stockholders of ot the Insolvent California Safe Sate Deposit Trust company in the Merchants Exchange for the purpose p o 0 providing a means to meet the ob obligations obligations of the banking company It was decided that an assessment ass ment Should hould be levied on all aU the stockholders At this meeting there was represented shares bares of stock This did rot riot include any stock held by directors of which J Dalzell Brown holds thares chares while whUa President Walker has ha shares share A number of outside in institutions institutions such as the Bank of San Leandro and banks at Napa and Ala Alameda Alameda Alameda meda which held stock were not rep represented resented A committee was appointed from the stockholders to ask for the resignation resignation tion than of the present board of directors It is the intention of the stockholders to install a new board of directors and supplant J Dalzell Brown as manager man manager manager ager of o the institution The demands of ot the stockholders will also be to re remove remove move move David F P Walker president W J Bartnett director and general ad advisor advisor advisor visor and their associates Pending the appointment of a receiver er for the bank the bank commission commissioners ers em have named Attorney At orney Charles S Cushing to act as temporary custodian Heney to Investigate The men responsible for the collapse of the California Safe Deposit Trust company are not to be let off merely on charges of embezzlement Assist Assistant Assistant ant District Attorney Francis J S Heney has agreed to cooperate with the de depositors depositors depositors and will vili conduct a full investigation Investigation Investigation into the tue banks affairs when the next grand jury is impaneled This will take place before the end of ot the month The Inquiry will include an in investigation Ine investigation e Into the charges harges that officers officers officers cers of the bank made false entries which made it appear that had been loaned to two New York banks bank bankw when w the money had never been for forwarded forwarded forwarded warded that the officers received de deposits deposits posits when they knew the Institution to be Insolvent including the deposit of from an Ogden bank and that the officers made loans in a man manner manner ner ncr calculated to deceive in lending nearly for the purposes of ot the Carnegie Brick company one of the institutions Industrial companies All of these constitute statutory of offenses offenses offenses and if proved will not only In Involve volvo volve the tho men already under arrest but others who cooperated with them Assets and Liabilities A long statement setting forth the assets and liabilities of the company was presented to the stockholders yes yesterday yesterday It showed the sum of ot due the depositors A brief examina examination examination examination tion of ot the assets showed about 5 in property which Is considered good In addition to this there are loans and other assets which it was thought might bring In more This made a total of of possible possible ble assets against liabilities amount Ing to Other assets which have been carried on the books of ot the company as good were regarded as practically worthless The local banking situation gives no I indication of having been affected In Continued on Page 2 S p BROWN LINGERS IN CITY PRISON Continued from Page 1 the slightest degree by the insolvency of ot the California Safe Deposit Trust company Business is moving along In the normal way ay and all those desir desiring desirIng desiring ing money for the conduct of ot business on normal lines found no difficulty In obtaining it The list of shareholders of the bank is a long one ones and includes persons and from Paris to Vladivostok A number of small banks In the in interior tenor aro hit by the failure mostly as for tor the tho stock In large and small amounts Before the fire the stock was quoted at about l O Since then it has depreciated to about and it was at that valuation or in the neighborhood thereof that the plea gees accepted acce ted It |