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Suspended. SACRAMENTO, January 2. The Capital Savings Bank suspended this morning. The bank is said to be solvent, but proposes going out of business. It promises to pay the first dividend of 10 per cent. on the principal to depositors on the 10th instant, and on the same day to render an account for the last six months. Other payments will be made as assets are realized.
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Coast Notes. San Francisco, 2.-The rise in Belcher is attributed to the good appearance of the 2,760 foot level. The north lateral drift of the Sutio tunnel has progressed 392 feet and the south drift 184 feet, during December. Prospecting drifts at stations 116 and 117 are in low grade ore. G. M. Berry, deputy under the lite Sherifi Nunan, and engaged in closing up the affaire of the late administration has obsconded a defaulter to the amount of $20,000, or upwards. Sacramento, 2.-The capital savings bank suspended this morning. The bank is said to be solvent, but purposes going out of business. It promises to pay the first dividend at 10 per cent. on the principal to depositors on the 10th inst., and on the same day 4 per cent. on interest account for the last six months. Other payments will be made as the assets are realized.
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Strawberry plants are in bloom in gardens around Richmond, Va. 17" A man who caught malaria while imprisoned in a jail at North Adams, Mass., has sued the town for damages. BEA joker at Brazil Ind., exploded some powder among a party of sleeping tramps, destroying the sight of two of them. The Capital Savings Bank of Sacramento, Cal., has suspended. The bank expects to pay in full by installments. IF Virginia's newly elected officers began their duties yesterday. B To pass him "as they would a tree" were the instructions given to the laborers and tenants on the late Duke of Portland's estate if they should at any time meet the Duke.
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ALL AROUND THE GLOBE. The Capital savings bank of Sacramento, Cal., has suspended. Strawberry. plants are in bloom in the gardens around Richmond, Va. The new State officials of Virginia took possession of their respective offices yesterday. Of twenty charitable hospitals in New York city, maintained by voluntrry contributions. fifteen have applied for a share of the fund collected for hospitals Saturday and Sunday. A petition to Congress has been generally signed by the railroad men of Chicago for a reduction of the tariff on imported steel rails from $28 to $10 per ton. Lewis B. Peach, a leading Republican politician of St. Louis, and for some years circuit attorney of the city, died yesterday of cancer of the stomach. The composer, Wagner, is reported seriously ill at Bagreuth.
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BANK FAILURE. SAN FRANCISCO, Cal., Jan. 2-A Sucramento disputch says the Capital Savings Bank suspended this morning. The bank is said to be solvent, but purposes going out of business, and promises to pay n first dividend of 10 per cent on principal to the depositors on the 10th Inst., and on the same day 4 per cent on the Inforest account for the last six months. Other payments will be made as the assets are roalized.
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BANK FAILURE AT SACRAMENTO. SAN FRANCISCO, Jan. 2.-A Sacramento dispatch says the Capital savings bank suspended this morning. The bank is said to be solvent, but purposes going out of business, and promises to pay a first dividend of ten per cent. in principal to depositors on the 10th inst, and on the same day four per cent. on interest account for last six months. Other payments will be made as assets are realized.
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SAVINGS BANK SUSPENSION IN CALIFORNIA.President Carey, of the Capital Savings Bank of Sacramento, Cal., says that the real cause of the suspension of the bank is that a savings bank cannot be successfully carried on under the new state constitution, and because the directors are tired of working for dividends for depositors only.
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Business Failures. M. Sampler, wholesale clothier, Memphis, Tenn., made an assignmokt on the 3d inst. Liabilities $75,000 to creditors principally in New York. The Capital Savings bank at Sacramento, Cal., suspended on the 2d inst. The bank is said to be solvent, but purposes to go out of business. The Grocers' bank, New York city, suspended on the 1st inst. Cause, failure of J. Lloyd Haigh, the wire manufacturer, the bank holding from $80,000 to $100,000 of his paper. Weinreb & Alpiner, wholesale tobacconists, Chicago, have failed. Debts, $50,000. J. Lloyd Haigh, manufacturer of wire, New York city, has suspended. Total lia bilities $300,000; nominal assets $450,000. The cause of his failure is attributed to heavy contracts taken previous to the iron bulge and to extensive expenditures in improving his property.
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Business Failures. M. Sampler, wholesale clothier, Memphis, Tenn., made an assign mokt on the 31 inst. Liabilities $75,000 to creditors principally in New York. The Capital Savinga bank at Sacramento, Cal., suspended on he 2d inst. The bank is said to be solvent, but purposes to go out of business.
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Business Failures. The Capital Savings bank at Sacramento, Cal., suspended on the 2d inst. The bank is said to be solvent, but purposes to go out of business. The Grocers' bank, New York city, suspended on the 1st inst. Cause, failure of J. Lloyd Haigh, the wire manufacturer, the bank holding from $80,000 to $100,000 of his paper. Weinreb & Alpiner, wholesale tobacconists, Chicago, have failed. Debts, $50,000. J. Lloyd Haigh, manufacturer of wire, New York city, has suspended. Total lie.
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CITY RAILWAY SUIT. Complaint of Stockholders Domanded. Yesterday L. S. Taylor and Grove L. Johnson, attorneys on behalf of Geo. O. Bates, M. M. Odell and the stockholders of the City Railway Company, plaintiffs, filed a complaint against the Sacramento City Railway Company, the Capital Savings Bank, W. L. Pritchard, J. H. Miller, George Cowles, C. Zimmerman, A. J. Painter, T. J. Clunie, E. K. Alsip, Peter McGraw, J. H. Downer, John Doe and Richard Roe, defendants. COMPLAINTS AND CHARGES. The following is a synopsis of the charges and complaints made: The Sacramento City Railway Company was incorporated in 1870, with a capital stock of $250,000, divided into shares of the value of $100 each, some of which became the property of plaintiffs. In 1877 the company owned 14.65 acres of land near East Park, and block of land between F. G. Twenty eighth and Twenty. streets, and tracts 3. and 5 of Watson's addition also, lot 3 in the square bounded by K,L, Tenth and Eleventh streets. It also owned the street railways throughout the city, 20 ears, 60 head of horses and other property. In 1876 W. L. Pritchard became the owner of a controlling interest in the company, and has ever since defrauded the defendants and the company. In pursuance of a system of fraud he PRETENDED TO TRANSFER CERTAIN SHARES OF STOCK To J. H. Miller, C. Zimmerman, George Cowles, A. J. Painter, Peter McGraw, E. K. Alsip, and Levi Wilson, now deceased, in order that they might be eligible to the position of Directors, and then caused them and himself to be elected when neither of them held any stock. They failed to exercise their powers as Directors and allowed Mr. Pritchard to use their names. Messrs. Pritchard & Miller have together colluded and cheated the company. They caused to be conveyed to T. J. Clunie by the company certain pieces of the real estate above described, for the sum of $11,800. The transfer was unauthorized by the defendants and was fraudulently executed. The MONEY WAS NEVER ACCOUNTED FOR To the defendants, and was converted to the use of the said Pritchard, with the assistance of the said Miller and Clunie. W. L. Pritchard, in November, 1877. caused to be transferred to himself lot 3, in the block between Tenth, Eleventh, K and L streets, for 000. and, being at that time a Director, had no right to do 80, nor was any order made from the Directors for the transfer, neither was the sum paid to the company. He also sold, delivered and charged to the company about 50 horses at $400 each, when their value was only $100 each, thus making $15,000, in which transaction he was assisted by J. H. Miller. They also sold and charged to the company grain and feed at AN EXTRAVAGANT PRICE. Between June 1, 1876. and December 1, 1879, the company did business to the amount of at least $30,000, but Miller and Pritchard have refused to render any accounts or make any dividends. In January, 1878, they executed to J. H. Downer a mortgage signed The Sacramento City Railway Company, by Edwin K. Alsip, President, and J. H. Miller, Secretary, by which it was intended to convey all the street railway in the city, also the personal property, knowing that Downer was irresponsible. This was done to enable Pritchard, by foreclosure of transfer of the pretended mortgage to get the absolute OWNERSHIP OF THE PROPERTY. He did then procure the Capital Bank's assistance, and Downer assigned the mortgage to the bank. The bank then falsely pretended to own the mortgage and began a pretended suit against the company for a foreclosure. All of the negotiations were made without the knowledge or direction of the Directors. A sham defense was begun, but judgment was allowed without an objection from the defense, and the mortgage was foreclosed. No notice of the judgment was given to stockholders, nor was any meeting of Directors called, or effort made to relieve the company from the judgment. A BOGUS SALE. In pursuance of the decree the property was sold December 1, 1879, by the Commissioner, Charles N. Post, a clerk in the office of Haymond & Allen, the attorneys hired by Pritchard to make the sham defense, for a merely nominal sum, and a bill of sale was given to J. L. Orcutt, through the Capital Savings Bank, who now pretends to be the owner of the property. The sale, however, was not genuine, as Orcutt never intended and did not pay any price, and all receipts of the transaction are false. It was the method adopted by Pritchard to get possession of the property, and he and Miller have continued to manage and use the property, levoting the proceeds to the benefit of Pritchard. They have made no reports to the Directors, who have not attempted to exercise any control over the business. HEAVY ASSESSMENTS Were levied upon the stock, so as to cause stockholders to sell their shares, and such assessments were not legally made. The proceeds were not used for the benefit of the company, nor did he pay assessments on his own stock. The plaintiffs in the case requested the Directors to begin suit for the recovery of the said sums of money, but met with a refusal. Messrs. Clunie, Pritchard and Orcutt were also requested to reconvey the property, but refused to do 80. Messrs. Pritchard and Miller are injuring the property by tearing up the roads and making the company liable for damages. JUDGMENT DEMANDED. The plaintiffs demand that an account be had of all receipts, disbursements and transfers that have been made that the defendants, Clunie, Pritchard and Orcutt, be compelled to reconvey the property; that the present Directors be removed and J. H. Miller, the Secretary, discharged; that the mortgage and all proceedings in connection with it be declared void. They also demand that the defendants be restrained from managing or interfering with the property: that a receiver be appointed to conduct the business, pending a decision in the case that the said Pritchard and Miller be ordered to pay the receiver any money due the company, and that defendants also be ordered to pay the costs of the suit. INSTALLATION.-Te following officers of Red Jacket Tribe, No. 28, Imp. O. R. M., were raised up last evening by D. D. G. Sachem Chas. E. Spencer, assisted by P. Sachems Payne, Phillips and Sullivan: Sachem, James McCaw Senior Sagamore, C. Russell Junior Sagamore, George J. Soully First Sannap, Fred. Sauze Second Sannap, James M. Malone First Warrior, Frank Anthony; Second Warrior, J. W Willem Third Warrior, Geo. Black Fourth Warrior, G. Nazerina: First Brave, M. Brine Second Brave, W. I. Wallace Third Brave, Fred. Shepherd; Fourth Brave, P Bannon; Guard of Wigwam, W. M. Smith Guard of Forest, H. Morris. After