, 1874-07-06

An 1NstEtMttOl fhnt tho California
Patrons Arc Ab0ut Starting.


From Tie San Francfaco Chronicle.
The potont lasrOns OF 1IuHbandty, ateadily
tliso1almin0 luBt for powor. arc taking cotlcort
eh action to Eccnre thcir rights and to niyanco
them sooneth best. Their numbers having
dolbiod in the last twelve montiss, aid still 'n-
cfoasiug. they arc moving In Bod columns upon
tho citadel OF tho Grain Kings, to whom they
ate more terrible THAN .an artny with banners.
Tic California column is about the most vital
and active Of n1 which are embraced in shlH vast
host. II Ia I'D bT men %ho combine n,uscular,
mental and inaucial attributes III vigorous do
yeopment. " tho practical scllonios which nre
being proBocntcd fur the benefit Of the drangers
IN this State, tho most noteworthy IL tho Graug-
1ra' Bank.
The bank will have capital of s500oo0o d.
sided into 6o,00g aharea Of SIM each 1tn baso
of oporat.ons VIII bn IN thin pity, its oflco being
dorm streets, III tho rooms lately occupied by tho
Merchants Exchange Dank. It hap boen publicly
a.ated that S700,000 OF tho stock has ulrcatlY
bcon raid III. Thia ia not correct. Tho stock
will be cal!ad In III ten PET cent tataltments. The
frat inBtallsnept will 10 called in July l. Tho
Directors afo empowered to cali tn tic socontl
iistallmont IN three months after tha first, but 1t
III Thought that the secoud call will not 10 iHAuod
internally on july. It,. There will DO
no splurge or display hut the Directors
expect 10 80 slow" for while until all tho
first iustaltnlent ia paid in. Tho object Of tho
IlHk 10 " Huh1lc lAlllGIb u uUFE0W HluQGF lr0u
as favorable terms as can be lad In tho city for
commasciat purposes. The subscriptions aro
nearly all 10 small amounts, tho subscribers be-
Ing residents Of nearly every county In tho
state. Tic bylaws protuise tho same cons,der-
alton and attention to the rghts OF sn,nll atocls-
lolders "a to those OF tho lasgest, aud elual
Justice to ALL Tiers are already over l,Q00
Subscribers, and the aggregate OF the eubscIip-
| t,ona exceeds q, goo, oQ0.
Tue otlleers are: Alfred T. Wslcott, Of E. e.
Morgan's Sons. President; Calvin ]. Crossoy, Of
btanistaua County, Vice President; William II,
! Baxter, aecrotasy. Meassa, Walcott and Croa~
eoy, with Tue iollowing-,lamed gentlemen, servo
Sacramento; Giibort II. Colby, al natse JSan n
] G. HILL Of Vontura john p. Chrisnan, Of Cou-
| tIa Costa Joln Y. Webster. OF A!amet.a; Fla
yol J. Woodward, of San joaquin; Justice @.
slorrvflold, Of s9lano;, Car'!sle $. Abbot OF
| BOY, the Vico-preaident. Is very opulont farn-
or, mud President Of tho Farner'd Bank, of
Modesto. Tic ss about pulling up stakos. with
tlie intontion OF removing to thts city with bis
| interests Of tho Changers nn4 tl!o,r big bark.
The iron rnla Of Friedautler, the hitliorto
mighty grain king, aud li.s powerful! ansneatss
! ~ trokeu. Theso men have for yeats controlled
means to that cna WAS controlling tho tonnneo
OF tue port. The least.ng <aEangerH Say this
| obstacle no longer confronts them. They hayo
been enabled to charter iiftJ yessels themselves
tllls yeaf, ena are cuutident tlat facilities Will
be amplo iu future to tako ell their grain to mar
kat. Tue Changers have a!so III this city pro-
duce depot, at tue southeast coruer Of 8ausomo
! nnd Commerce stroetB in chargo Of Mr.. Hcglor.
| late Of Bodega Grange. They hayo alao an ag gent
! to purchase farming implements, and otlers to
buy bags, charter ships, aud perform other i'm
i porsant functions.
1t las boon said that the Grangors have been
paying more for their grain.bags than thoy wero
| worth; that, IN short, they have boon ''bit."
mr. ,Hl hHfTc unt,1
| aa anybody. They pay cash.
I Taese Gransess, wuona tho Chronicle reporters
! have visltcds also deny Tint some wealthy mon
| have withdrawn from tho Order under tho fear of
having to "carsy "the weak and sickly uaembers-
Iney further sav that tie rich Changers nol,hor
| faar nor ANYa raAaQn 70 faAr auY RlcIa 1tin1