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A Run on the Bank. SAN FRÁNCISCO, July 28.-A run on the People's Home Savings bank was begun by the depositors and several thousand dollars were paid out. An investigation of the bank's affairs has been begun by the bank commissioners. The capital stock is $1,000,000, of which one-third is paid up. There is due depositors, who number 8,000, the sum of $100,090. The bank's officers declare that the bank is solvent.
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Run on a Bank. SAN FRANCISCO, July 27.-A run was begun on the People's Home Savings bank to-day and several thousand dollars was paid back to depositors. The bank commissioners have begun investigations of the bank's affairs. According to its report July 1 the bank has a capital stock of $1,000,000, of which one-third is paid up. There is due depositors, who number about eight thousand, the sum of $100,000. The bank's officers state that the institution is perfectly solvent.
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George Faylor's Suit Dismissed. SAN FRANCISCO, July 27.-The suit of George Faylor against twenty-four state senators has ended. Faylor's counsel wanted further time to look up missing witnesses. Judge Wallace denied the motion, saying there was a limit to the prospect of a speedy finding of witnesses and the case could not be indefinitely continued. Counsel thereupon agreed to non-suit. A run began upon the People's Home Savings bank and several thousand dollars
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A Sound Bank. SAN FRANCISCO, July 28.-The People's Home Savings bank, on which a run was made yesterday, continued business as usual today, only a few depositors making application to withdraw their deposits. The bank commissioners are still conducting an investigation, but Commissioner Geberding, in an interview this morning, stated that they
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STOPPED THE RUN. Depositors Reassured by the Abundance of Coin. Business Comparatively Quiet at the People's Home Savings Bank - The Bank Commissioners Satisfied. Whatever uncertainty regarding the solvency of the People's Home Savings Bank prevailed in the minds of depositors on Monday has apparently been dispelled by the prompt action of the officials in facilitating the demands of those customers who require gold in return for the surrender of their pass-books. When the bank opened yesterday morning there were not more than a dozen depositors on hand, and these transacted their business quietly and withdrew. No tickets of admission were issued, there was no crowd and no excitement. The greatest number of people in the bank at any one time yesterday was twenty-six, exclusive of officials. Appearances in the banking office were similar to those of an ordinarily busy day. Before orening the doors yesterday morning, the Directors decided to increase the withdrawal limit to $300 accepting the usual ten days' notice for unpaid balances in excess of that amount. One paying teller was able to transact all business with reasonable rapidity, and after 2 o'clock so few customers appeared that it was decided to close the doors at 3 o'clock as usual. WITHDRAWALS AND DEPOSITS. The total number of depositors who visited the paying teller's desk yesterday was 267, of which 167 represented savings book accounts. The aggregate amount withdrawn was $43,000, of which $3000 was from commercial accounts. Against these amounts, the bank officials reported the opening of 29 new savings accounts and 7 commercial accounts and the issue of 5 term deposit receipts. The deposits yesterday aggregated $9000, and at the close of business the cash on band in gold and silver coin amounted to $291,000, SO that $350,000 in coin must have been deposited in the vaults of the People's Home since the commencement of business on Monday morning. All the bank officials were congratulating each other yesterday that the backbone of the run had been broken. They had worked at their posts upward of twelve hours on Monday, and after striking a balance in the evening, the employes were entertained at a quiet supper and each was presented with a gold coin by the management in recognition of his arduous services. SATISFIED OF THE SOLVENCY. Bank Commissioners Gerberding and Knight concluded their Investigations into the condition of the bank yesterday afternoon, and reiterated their previous declarations regarding its solvency. Commissioner Gerberding stated that all the investments of the bank had been carefully examined, and that all had been approved. No cancellation of the securities held will be required, and the Commissioners are satistied that the bank is thoroughly solvent. This in effect will be the report submitted to the Attorney-Generat. When asked whether there had been any technical violation of the law in the nature of the loans made by the bank to corporations in which Directors or stockhoiders of the bank are interested, the Commissioners declined to express an opinion regarding that point, on the ground that they are not lawyers, and that it would be for the Attorney-General, if he should deem it necessary, to pass upon the legality of these transactions.
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Poor Depositors. A San Francisco dispatch of the 27th says: "A run began on the People's Home Savings Bank to-day and several thousand dollars was paid to depositors. The bank commissioners have begun an investigation. Columbus Waterhouse is president, and B. O. Carr secretary and manager. Dr. R. H. McDonald, president of the Pacific Bank, is one of the directors. According to its report July 1, the People's Bank has a capital stock of $1,000,000, of which one-third is paid up. There is due depositors, who number about 8,000, $190,000."
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Run on a San Francisco Bank. SAN FRANCISCO, July 29.-A run on the Peoples' Home Savings bank has begun by the depositors and several thousand dollars paid out. An investigation of the bank's affairs has been be. gun by the bank commissioners.
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Run on a San Francisco Bank. SAN FRANCISCO, July 28.-A run on the Peoples' Home Savings bank has begun by the depositors and several thousand dollars paid out. An investigation of the bank's affairs has been begun by the bank commissioners.
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Poor Depositors. A San Francisco dispatch of the 27th says: "A run began on the People's Home Savings Bank to-day and several thousand dollars was paid to depositors. The bank commissioners have begun an investigation. Columbus Waterhouse is president, and B. O. Carr secretary and manager. Dr. R. 11. McDonald, president of the Pacific Bank. is one of the directors. According to its report Julv 1. the People's Bank has a capital stock of $1,000. 000, of which one-third is paid up. There is due depositors, who number about 8,000. $190,000."
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Run on a Savings Bank. SAN FRANCISCO, July 27.-A run be g an onthe Peoples' Home Savings Bank to lay and several thousand dollars was paid back to the depositors. Bank commissioners have began an investigation of the bank's affairs. According to its report July 1 the Peoples' Bank has 8 capital stock of $1 000,000, of which onethird is paid up. There is due deposit .rs, who number about 8,000, the sum of $190,000 The bank's officers state the institution perfectly solvent Two San Francisco morning papers have di rected atte ntion to the bank for the past two days contending that the state bank examiners have not made a proper examination.
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THE San Francisco News-Letter says that the lace run on the People's Home Savings bank, of San Francisco, was engineered by Col. J. H. Woodard, at present connected with our esteemed contemporary, the Times. According to that journal Woodard was sent up to San Francisco on mischief intent by the Los Angeles Cable company. As the News-Letter's story goes, "Jayhawker" put the "comether" on the Examiner and Chronicle, and the bank commissioners as a result made a very thorough investigation, with the very apparent result of a boomerang to Wood-
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VICTIMS OF FORMER BANKING DISASTER ARE AGAIN LOSERS By Associated Press. SAN FRANCISCO, Dec. 13.-Among the many to lose their savings in the crash of the California Safe Deposit and Trust company were people who suffered a similar misfortune when Dr. H. R. McDonald's bank, the People's Home Savings bank, failed over fifteen years ago. The bank was placed in the hands of a receiver and the depositors were slowly receiving the return of their money. Over $7000 of such funds, being held until a dividend came due, was on deposit with the California Safe Deposit and Trust company and the claimants against the old bank can now only receive their pro rata in the settlement of the safe deposit company's affairs.