Clipped From The Times

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 - DAILY NEWS LEADER--San Mateo, Calif. California...
DAILY NEWS LEADER--San Mateo, Calif. California o of the anj age of 2' J9.10 u u also those and 36 yoais registered. art, officers, men navy th" guard, the the public guard, the na reserve; Military of the who have com- year to academies of embassies United officers ll- local draft State Bank Seeks Compromise Denicke Suits 24.--IP_ since the last October to register today stat The Anglo California Nationa bank is considering a propoicd se tlement out of court of Ernest H Denicke's suit against its forme management, it was learned today In 1936 Denicke, a stocitholde sued Herbert Klelshhacker Sr. o Alherton, then president of thn bank, and four others then connect ed with the management, for niak ing certain loans to the bank's ex ecutivcs and employes. The bank announced the pro posed settlement in the followin statement: "W. H. Thomson, president o the Anglo California National ban of San Francisco, has sent to stock holders of the bank a notice of special meeting of shareholders t be held on July 7 for the puruos of voting acceptance of an offe from various directors of * sum o money to settle derivative stock holders' suits which have been pending- for some time. ."All these cases relate to trnns actions occurring prior to reeapi taltzatiori «f the banlc in 1938, ant in no way involve the present man njjcment of the institution. "Present _ management of the bank is desirous of avoiding possi biHty of a protracted litigation with consequent large expense. "At the m«tEng on July 7, the management will recommend the acceptance pf the offer of settle ment by the directors who held office at the time the suits were in stituted." of Court Pacific the was state department, concerning The hard cash $10,000,000 $4,000,000 ary, had unable bunks. In Francisco

Clipped from
  1. The Times,
  2. 24 Jun 1941, Tue,
  3. Page 12

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