Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1870-12-22

City Bank BY the Bankruptcy Com
missionerssreveals some nice little do
ings Of tbs oficSf 10. charge of that
co1cern. Like Nj. Mooney he appears
to- have used tn dspositors funds q
freely-ssif they were his own, and-in
further imitation Of that gentleman
also to have done a little private money
lending OIL his own account on collat-
eral' security. From June to Novem-
Der this year the Prssidentdfew nearly
$159, 900, Of which he repaid $132, 900,
leaving an oyerdfaft Of nearly e16,0OO,
all Of which was swallowed up In per-
sonal expenses" Nc proper books were
kept and the entries were In many
instances sdeltbefatsly falsihed. I'm
order to keep the bank afloat the Pres
ident borrowed money on the securi-
ties they held at the rate of ~ per
cent. per mouthXsndI even paWnedla
watch for BIO that had been left as
security for q small loan. The liabll-
tiles are estimated at $4,000 over the
assets. .ag"1I- PR F"#- Hryg
DtfeetOru -
The affairs Of the California Savings
and Loan Society arc to be still fur
ther complicated by an action brought
against the late Directors for damage
said to have been inflicted by them en-
depositors and stockholders. General.
Cazpeau Is mado the defendant In most
Of the suits, plaintiffs alleging that he
and his co-Dlrectors were Illegally
elected to their positions, and that the
result was q loss to the plaintiffs. of ten
thousand dollars. The case Is consld-
cred q very strong one, and 1t Is not
unlikely that Gen. Cazneau may have
to pay dearly for his attempt to make
political capital by3assumlng the role
Of q friend TO the unfortunate.
rssru Csufsrt Ter snsksrs.
Smokers Of imported Havanas IMAM
ufactured by Chinese labor In dirty un-
derground dens on Sacramento street)
will be pleased to know that their ia
vorite weed will shortly be made into
cigars without the aid of Aslatic skill.
c. G.. Emery Co. have received from
New York q machine which takes hold
of the tobacco In the leaf and turns 1t
out complete In every respect except
the wrapper, which has still to be put
on by hand. The common complaint
made by the purchasers OF hve-cent
regalias, that III won't draw" will
also be remsdis1, for the cigars pro-
duced by this new invention have a
small channel on each side, through
which the smoke comes evenly and
freely. The adoption of the machine
by our large manufacturers wilrthrow
three or four thousand Cinnamon out
Of employment, and what Is of more
importance, reduce the price of one OF
the necessities of life to a figure within
the reach Of the most economical.
Q%aIcksilver Down.
We are having an unusual cold spell
of weather for San Francisco. Their
mometer below freezing. with Ice
formed on standing water every night
for a week together, is something so
far out Of the ordinary experience of
our citizens, that, though the days are
as delightfully."- clear and crisp as could
be desired, there. Is q general desire
manifest for n change. Eight degrees
below freezing s.the lowest point yet
marked by the quicksilver-certainly
nothing to scare healthy people.
.QaIcksiIvers Up. a."
While quicksilver In the bulb is man.
ifesting a downward tendency, that ar
ticle in the flask has been going up, mp,
up, Mt an alarming rate. Within the
last few months 1t has advanced from
sixty to ninety cents a pound ; and as
it is entirely controlled by one banking
house, there is absolutely no limit to
the price that may be asked for 1t. The
"corner" was effected by the simple
process of unlimited capital taking nd
vantage of the financial difficulties OF
tile mine owners, and was put through
simultaneously In Europe and Califor-
MIA. As the New Almaden, the New
Idria and the Redington Mining Com
panies have contracted with MesSrs.
Barron and Mills for the delivery ofthe
entire product oftheir mines, the former
for two years at e35 4 flask, and the lat
ter for ten years at $40 per flask; and
as the Rothschilds have lately leased
the Spanish mines for along term, the
entire yield Of this metal Is In the
hands Of two houses, who, as before
remarked, can exact any price for II
that the necessities of purchasers will
COMPEL them to pay. There Is not
the least probability Of q reduction
taking place, but, on the contrary, II
the Reddington suspends, as 1t Is inti-
mated 1t WILL do rather than keep to
its agreement, the value OF the article
may be still further enhanced. The
present product of the three principal
mines In this State Is about 30, 600
TASKS rper'annum. Last year the Iex-
port value OF our quicksilver was close
to $500, 900. The mining interest Is
sure to suffer by this speculative mo
nopoly, but It caf have no remedy
except some of the new mines now
Eopening should develop richer deposits
or cinnabar than have yet been discov-
oend - .ral.ts ~ .JlCK HORNRR.