The San Francisco Call. Newspaper, February 5, 1904, Page 16

16 THE ' SA) ISC0O CALL, FRIDAY, FEBRUARY 1904 HEAVY DRILLS ARE IN ORDER Infantry Troops at Presidio Will Soon Begin Series of Active SNervice Maneuvers AR s, ARDUOUS WORK PLANNED| R L, General MacArthur Will Call Officially on Captain Piscetto and Display His New Colors At R e MacArthur has practically 1 arrangements for the s drills Presidio, e Tenth Infantry and '3 2 Infantry are con- f six months, pting on Satur- that ievo e 1 be me. to what is known s will take at parade ck of the It is the drills just re ridges will s thrown t to mili- >d ar antries are »f the plan MACA NEW FLAG. will make rico Piscetto, RTHUR'S Par] transport o’clock at the st 1 sceed to lacArthur al will ar- t rance to after PROG ln\l\n McNa . at Fort A - Monta vho is suffering 1 € s being brought to 1 e operat CONCERT lzmann E team will cross Berkeley-Stanford m to-morrow at 2:30 p. m. Pr thletic Grounds John R. Slat at headqu nol ——————— Fire in Club Building. t the building on the r of Kearny street and venue yesterday and « siderable commotion ers of the California 1 the Monticello Club, second and third nes came from a store- w quickly extinguished. —_— e NEW ADVERTISEMENTS. STERILIZED u“!l SEOP. A Famous Shop in the Cdrrollton Hotel, Baltimore, Maryland. r | the Carrollton Ho- ilizes everything it ng is done the s and ):r\ shes & used on a eriliza- have the barber 's Her- It kilis the 4. nd")fl' germ, and for the scalp, and for All leading bar- o d'ns ldrutxiuw mps for sample to The Herpi. cide Co., Detroit, Mich. . CASTORIA For Infants and Children. The Kind You Have Always Bought Bears the Signature of &z in| | to | there | his | 'BOLTON, DE RUYTER & CO. FACE HOST OF CREDITORS 'Lay Blame for the Failure Upon Unwarranted Favors i Granted by Employes and Claim to Have Assets Enough to Pay All Debts in Full on Basis of Showing — 11 B Jllflzzzrr TOL . 2, g bl Zere A o roe S Cerprr T rES - - ST The creditors qof the suspended ployes of Bolton, de Duyter & Co. & Co. met yesterday. They appointed & committee of three to investigate and heard a preliminary statement of the financial condition of the house, which, as summarized by Thomas C. Ness, attorney for the brokers, shows a debtedness of $90,000 and net as- mounting to $98,000. net a statement. He sald the fail- ure was due, as reported in The Call vesterday morning, primarily to the failure of Sharp & Bryan and sec- ondarily to the actions of trusted em- ployes of Bolton, De Ruyter & Co. The employes referred to by Mr. Van Ness are Richerd Genung, manager, and Daniel O’Connell, the former book- keeper. Mr. Van Ness estimated the Joss by manipulations of Genung and O’Connell at $40,000. Later in the afternoon, being inter- viewed by a reporter of The Call, Genung, after having the statements of Mr. Van Ness repeated to him and being offered a chance to make a reply, positively refused to say one word for publication. Mr. de Ruyter, who was present at this interview, said in an- swer to a question that the firm had made :0 intention of proceeding ~against Genung or O'Connell. The creditors, after their meeting, were not very sanguine, as they openly expressed their opinions that they would not receive any large percentage of their total claims. The assets are largely book accounts against persons in this city who have done business with the firm in ordering purchases of stocks or other securities on margins and gize to make good; stocks that are re- ported to be held by brokers in New York and office fixtures. There is also a claim for $38,000 held by the firm as an asset that is based on chattel and second mortgage on land and crops in “alifornia. One person, whose name | was not given out by the firm, is re- ported to owe the sum of $10,000 on margins. This claim is reported to be good. The stocks that are in the East were purchased in the names of New York brokers, but are reported to be available as assets. Mr. de Ruyter claimed yesterday af- | ternoon that his firm would be able to eventually pay every dollar to cred- itors, but time would be needed to ac- | complish this. VAN NESS EXPLAINS. The chief interest in the proceedings of the day was attached to the detailed | statements of Attorney Van Ness, in substance as follows: 1 called the meeting of creditors to order ay and explained what the causes of sus- on were, These were the failure of Sharp & Bryan, which taxed the resources of Bolton, de Ruyter & Co., and the reduction of the cash capital by Genung, who allowed credits to run on the books of the firm. on Which there are losses of $40,000 to $50,000 to pay, without any return to the firm. The partners found that there was no cash re- | maining with which to carry on business and, | as to go on would be operating in the marke | against their customers, I advised suspension. | "The preliminary report of the bookkeepers | was submitted at the meeting of the creditors. This made the net liabilities about and the assets about §116,000, of which S8 000 on the books is bad, but $98,000 is prol bly good. The present available net assets, excluding chattel and second mortgage for $38,000, is about $80,000. If the $3K,000 is realized the creditors will be paid about dol- lar for dollar. The liabilities and assets as quoted, I would not be understood as saying are the total liabilities and assets, but they are the net ones. The real figures might be | $300,000 and $200,000 as represented on the books. The met figures are representative of the conditions existing if the assets were to be_sold to-day. 1 will explain how Genung could operate as he has done. Suppose a friend of his came in and asked to have a chance to gamble and aid that he had no money, but asked Genung to put up, the friend promising to make good for any loes. Possibly the friend might prom- ise to give Genung half of the profits for the credit. Genung would then take the money of Bolten, De Ruyter & Co. and put it up. If | to Al Van | r the meeting Attorney Van Ness | who are owing sums of varying | & the market went against Genung's friend | then the loss would fall on Bolton, De Ruyter & Co, - FIRM STILL IN DARK. The firm dces not know how long this sort of thing has besn going on. The partners have been together about three years and Genung has been with them all that time. Probably Genung expected to make good, but he got in deeper and deeper. Finally the firm made the discovery that stocks that were supposed to be to the credit of customers had been sold. They found out that the accounts ad been juggled with. Genung will not prob- ably be criminally prosecuted, for Bolton, de Ruyter & Co. think the offense was a misuse of credit rather than of money. Mr. de Ruyter said that the losses ; were entirely due to the work of Ge- nung and Daniel O'Connell. The former would sell the ‘stock and O'Connell looked out for the books. ‘“We had absolute confidence in Genung,” said Mr. de Ruyter yesterday afternoon. “If he had been a brother we could not have trusted him more fully. I do not feel inclined to prosecute him. I leave it to his consciefice.” Late yesterday afternoon Mr. Van Ness said that Bolton and de Ruyter will dissolve partnership and will liqui- date. Mr. de Ruyter, so said Mr. Van Ness, has exhausted his resources. Mr. Bolton has a membership in the Stock and Bond Exchange. He will probably continue* in the board and de Ruyter will probably engage in some other business. From the opening business hour yes- terday morning the offices of Bolton, de Ruyter & Co. were the center of in- terest on the part of creditors. All day the partners were busily engaged until after the meeting of creditors had been held. The accountants were working all Wednesday night and had ready a statement yesterday morning that was presented to the creditors yesterday afternoon. A detailed statement con- cerning the names of the creditors and the amounts due to them respectively was not made up. Attorney Van Ness declared that there were no large creditors. The ap- pearance of the creditors when they gathered in meeting in the afternoon carried out this assertion. While there were present among the assembled creditors a few lawyers of moderate means and a few men whose business standing is good for considerable amounts, the majority of the creditors who were in attendance when Mr.'Van Ness called them to order were men unknown either in business, banking or commerce. Their claims ran not more than a few hundred dollars each on the average. The brokers refused to give out any names or amounts in re- ferring to either their creditors or themr debtors, saying that the business was purely confidential. CREDITORS’ COMMITTEE. On the whole the creditors were good natured after the meeting. One of the number, however, went down California street exclaiming excitedly something about handcuffs, but did not explain what he meant. The creditors elected J. H. Jellett as chairman of their com- mittee to investigate and report con- cerning the transactions and standing of Bolton, de Ruyter & Co. The committee will make a report at a meeting of the creditors to be held one week from next Monday. Mr. Jellett is an atforney of the firm of Jellett & Meyerstein and is con- nected in a legal capacity with the commercial agency of R. G. Dun & Co. Jellett said last evening that the committee will first obtain from Bol- ton, De Ruyter & Co, a detailed state- ment and then will investigate on that basis, finding out whether the . | o RUTTER Bo-ToN, o MAN WHO IS BLAMED FOR THE FAILURE AND CRED- ITORS' SPOKESMAN. el s ] statement is correct and learning what can be realized for the, benefit of the creditors. No brokers in this city have been affected by the suspension of Bolton, | De Ruyter & Co. Only one member of the firm belonged to the San Fran- cisco Stock and Bond Exchange, this being Bolton. De Ruyter says that | no bank is concerned as a creditor. While the suspension was discussed by the brokers of the Stock and Bond Exchange yesterday, before and after | meetings, there was no action to be taken by the board, as the firm was not a member.. The volume of busi- ness transacted by the Stock and Bond * Exchange was not disturbed visibly by the Bolton, De Ruyter mis- hap. No business was transacted by Bolton, De Ruyter & Co. yesterday. The experts toiled all day over the books of the concern. Until this work is completed it will not be known how long Genung and O’Connell operated. O’Connell has not been employed by | the firm for sgme months. He was | dismissed about three months ago. Since then he has been East and re- turned to, this city only recently. He has played the races more or less. That was the reason assigned for dis- missing him. The firm of Bolton, De Ruyter & Co. had no idea that O’Connell had any- thing to do with the shortage that has been discovered until Genung, being questioned, mentioned O’Connell's name. To his friends O’'Connell de- nies that he has operated in connec- tion with Genung and also denies that he was in any way responsi- ble for the shortage and the troubles that have befallen his former em- ployers. CROCKER-WOOLWORTH BANK The suspension of Bolton, de Ruy- ter & Co. caused surprise at the Crocker-Woolworth National Bank. The first intelligence of the failure was received at the bank late Wednes- day afterrioon. “When I heard the news,” said ‘Wellington Gregg, “I was utterly sur- prised. Bclton, de Ruyter & Co. have an account with this bank, but they do not owe us a dollar. The firm sim- ply had a balance here and checked against it. When the firm began business Will Crocker, who enter- tained personal friendship for Jack de Ruyter, promised the latter to help along in a business way, but the bank had no interest in the firm of brokers beyond that.” B e — Report on Maritime Libel. In the maritime libel filed by the J. D. Spreckels & Bros. Company vs. the ship Musselcrag and C. W. Cor- sair, United States Commissioner George E. Morse reported yesterday to United States District Judge de Haven that the damage by jetison of cargo was $776 24 and the total dam- age to the cargo, including interest, was $6613 31 | um. | largely | glorious sextet from “Lucia | ing sung, it required no severe strain | nor C. | se, | the only one that showed comparative | and Siz | quinter from | vantages of advanced courses. | half of the amount needed was rai entertain- | as fol- [TALIAN MUSIC RETAINS CHARM e Fills Lyric Hall With the At- mosphere That Permeated Old Tivoli During Grand Opera | | CONCERT AT ALHA)IBRA{ ShE SIS Neat Sum Is Netted by Event for. Benefit of the Sacred Heart Presentation Convent | L IEn S s Lyric Hall had an atmosphere last| evening that was strikingly remindful | of the grand opera season at the old Tivoli, Some of the Italian artists| were on the stage and many of the former patrons were in the auditori- The music, too, strengthened the remembrance, for the programme was made up of selections from the favorite Italian pperas. While the was be- on the imagination to fancy oneself back in the old house that for thirty years was a shrine for San Francis- co's music worshipers. The concert was given by a new vo- cal organization, the Verdi Interna- tional Sextet, composed of Miss V. C. Hickey, soprano; Mrs. W. Briggs, so- prano; Miss M. Judson, contralto; Sig- ADVERTISEMENTS. NEED THE MONEY - $7.20 S SR SUUBULSSs SES S The boy can have a suit anyway. Boys’ suits don’t cost much at Brown’s. Good suits, too. Young Men’s all wool blue Serge Suits; ages 12 to 19 years; were $10.00 All sizes, all styles, all prices. Open till ten on Saturday mghts. MILL TO MAN. Retailing direct to you. Cortesi, tenor; Signor C. § ‘Wanrell, basso, and Signor D. Borghe- barytone. Professor 8. Martinez | played the accompaniments. In the concerted numbers the voices were fairly well balanced, the tenor being kness. Cortesi's vocal equipment is timeworn.and harmonized but poor- ly with the young and flexible contral- to of Miss Judson, with whom he sang a Verdi duo. Signor Borghese's sing- ing of the “Pagliacci” prologue was the best executed solo of the pro- gramme. Every number was applaud- ed, however, and encores considerably extended the previously prescribed time. The audience w not as large as the fame of the artists and the make-up of the bill would have led one to expect. The programme was | | as follows: | e of *Pagliacci” duo from 11 Tro; G. & di). duo Mrs. 'W. Briggs Cieca” from M. Judson; Mrs. aria mchielli), Wanrell; & Miss ini). *“Gioconda Miss Judson Wanrell; “‘No, Vilii*) (Puccini), (trom *‘Le Sig. D. Guo from “Lakme’ (Du Bois), Miss and Miss Judson: “O sacra terra’ ‘I Vespri ani™) (Verdi), Sig. Wan- from acla’® (Donizett), Miss Miss ] Signori Cort Wanre! . . . Rather a disappointing house greeted the musical and dramatic en- tertainment at the Alhambra last night for the benefit of the Sacred Heart Presentation Convent. The de- serving institution owes $1100 for taxes and the alumnae organized the ben- efit in the hope of raising the burden from the shoulders of the meek women who have given their lives to the high- er education of girls who otherwise would be obliged to forego the ad- Nearly the proceeds of the The programme from ment. was ctions, orchest recitation ( cal duet, t th Afr Var vocal solo, (a) * (Rubin (b) ‘Jrish Folk oote), Miss | McCloskey, ac Harry = w. | Spanish dance, Miss Elizabeth Liebert; | s, introducing ‘'The Newsboy's Pipe Bert Minner and Robert Grennan: s lections, orchestra; barytone solo. Harry Wood | Brown; plano solo, “Cachoucha™ (Raff), Miss | Clara R. Nolan, Following the musical programme ADVEBTISEMENTS. HAPPY MOTHER'S TOUCHING STORY 0f Baby’s Dreadful Suffer. ing from Eczema. CURED BY CUTICURA. Now His Skin Is as White as a Snow Flake. “ A terrible rash broke out on Char- lie's poor little face and spread to his | neck, chest and back. Ihad never seen anything quite like it before,” writes Mrs. Helena Rath of 821 10th Ave., N. Y. City. *‘The skin rose in little lumps, and matter came out. My baby’s skin was hot, and how he did suffer. He wouldn't eat, and night after night I walked the floor ‘with him, weak as T was. Often I had to stop because I felt faint and my back throbbed with pain. But the worst paln of all was to see my poor little boy burning with those nasty sores. At last I was persuaded by a friend across the strcet to try the Cuticura Remedies. She gave me some Cuticura Ointment — I think the box was about half full —and a piece of Cuticura Soap. % I followed the direetions, bathing | Charlie and putting that nice Ointment | on the sores. Little by little, byt so surely, Cha and I both got more g‘ ace by day and more sleep by night. | he sores sort of dried up and went | away, and now Charlie is cured com- pletely.” “ Yes, that fat little boy by the win- dow is Charlie, and his skin is as white as a snow flake, thanks to the Cuticura Remedies. I think everybody should know about the Soap and Ointment, and if it is gaing to help other mothers with sick babies, go ahead and publish what I have told you.” | ter patronage than it received. | of the Government on a brandy ex- | the first dose, cures in a fl.ly BROWN &6 516518 MARKET ST.wonicomery an amusing skit was rendered entitled | “When Greek Meets Greek. The en- ‘ tertainment was thoroughly enjoyable | throughout and deserved a much bet- Miss Mary Carrick gave a piano re- cital last night at Steinway Hall, | which "brought out a large audience | composed of the music lovers of the city. While at her last concert she | — achieved a marked and pronounced | success, she showed last night that she | had made great strides over her pre- vious efforts. Her playing is clear cut and facile. She interprets with intelli- | gence and a thorough understanding of | the subject she is handling, and in | many instances her execution is of un- | usual brilliancy. Her auditors were en- | thusiastic and she was recalled aft every number. Following is the pro-| gramme: e. D major (Bach-Saint § v " (paraphrase -Pabst.) —_——————————— PERSONAL. Oneguir kowsky Judge Hart of Sacramento is at the Grand. State Senator J. B. is at the California. Curtin of Sonora F. W. Swanton, a capitalist of Santa Cruz, is at the Palace. Former Assemblyman C. B. Jilson of Napa is at the Grand. Ex-State Senator A. F. Jones of le is at the Palace. Austin H. Brown, a mining man of Kennett, is at the Palace. P. C. Drescher, a merchant of Sac- ramento, is at the California. Dr. B. A. Plant of Santa Cruz regis- tered at the Grand yesterday. J. C. White, a prominent merchant of Marysville, is at the California. Dr. and Mrs. T. L. Patterson of Los Angeles are registered at the Palace. Lewis T. Wright, manager of the smelters at Keswick, is at the Palace. Charles J. Lindgren, a contractor ar\r] builder® of Fresno, is at the | Grana. Dr. George Milton Bradfield of the steamship Mariposa is staying at the Occidental. Harry V. Ramsdell, local merchant, has from a trip abroad. William P. Hammon, head of big dredging company at Oroville, registered at the Palace. W. E. Hildreth, proprietor of the Met- ropolitan Hotel of New York and the West End Hotel of Long Branch, and family arrived from the East yesterday and are staying at the Palace. Edward P. Brinegar, a well-known automobile merchant of this city, has returned from a several weeks' busi- ness trip in the East, where he at- tended the recent automobile show and visited a number of factories in which his firm is interested. e Californians in Washington. WASHINGTON, D. C., Feb. 4.—The following Californians registered here | to-day: At the Riggs House—S. O. Houghton of San Francisco and . Mrs. Gertrude Torker of Pasadena. AL R Californians In New York. NEW YORK, Feb./4.—The follow- | ing Californians are in New York: | From San Frafcisco, C. D. Bronson, at | the St. Denis; Mrs. L. M. Dwyer, at the Navarrve; I. G. Treadwell, at the | Imperial; R. H. Allen and wife cmd; H. R. Lincoln at the Continental. —_———— The Latest Styles. | This season’s styles of picture frame | materials are exquisite; pretty little shapes and finishes to be matched with | erfect harmony in all tints of mattings. { anborn, Vail & Co. ———— ! Woodworth Collects Old Bill United States District Attorney | Marshall B. Woodworth collected yes- | terday $2635 30 on an execution in favor | the well-known just returned the is port bond given by Sigmund S. Bam- berger, C. W. Craig and Henry Falk- enstein. The suit was begun in 1893, but was not prosecuted until Mr. | Woodworth took office. ———— ADAMS' Irish Moss Cough Balsam helu lrom 25e, Soc. Incture at Cooper College. William Fitch Cheney will lecture at | the Cooper Medical College this even- | ing on “Popular Mistakes About the Cases of Children.” This will be the | third of the Lane lecture course. e —— Some very gwell wedding Invitations come from Knowles, 24 Second street. Main 508, * ¢ ABER' Friday, Saturday and Saturday Wigne. ‘T CORN STARCH, Ib pkg Sc. E | SOPT SHELL ALMONDS. .....1b THhe New —bright and plump, Worth SLICED LEMON ; PEACHES, 150 wolcns-n:nsm: uvcla bots 23¢ e. J Marshall & Co. SALAD OIL 1. EST DAIRY BUTTER BSQUARE 35¢ __ Large Size—Good, Sweet Butter. LARGE rtvn‘ns mrre Tender ..3 Ibs. ;‘T)(‘ Never changes in qual- —_ EVAPORATED APPLES, pound 5c ‘L’a C“An o r Poppy. “HOPS HORSESHOE WEISKY..90c at. bot. S5¢ SATURDAY NIGHT ONLY. i L 100 1001 FILLMORE ST. sacks Table Salt sack Cream Corn Me Il9 TAYLOR ST Chocolates Bonbons Given Away Free Teas, Coffees, Spices Ba.kmg Powder It Pays to Trade at Great American Importing Tea Co’s Stores 1419 Polk 210 Grant av. i 705 Larkin 1819 3006 Sixteenth 521 Montg'y ave. 2516 Mission MASON WORK. Being a Master Mason. I build and repair any kind of stone and brick work: done neatly. Address ZATTERLUND, 627 O'Farrell st. GUNS W. T. HESS, Notary Public and Attorney-at-Law. | Tenth Floor, Room 1015, Claus Spreckels bids. Telephone Main 983. Residence, 1302 McAllister st. Residence Telephone Page 564le Ammunition, Hunting and Sportng Goods. ~Largest stock. Lowest prices. Send for _cataiogue, SHRFVE & BARBER CO.. 3% Market st and 321 Kearny st.