The weekly democratic statesman. [volume] (Austin, Tex.) 1871-1883, 1875-09-02


confidence seems to be returning. 1t is be-
lieved the worst is over.
Little uneasiness is felt as to the affairs
of either the National Gold Bank and the
Trust Company or the Merchants Exchange
Bank. The former reports the probability
of soon resuming, though unable to fix the
time. They have abundance of available
assets which are only waiting the reception
of coin. The president this morning stated
that they paid out about $1,000, 060
yesterday, and have still a small supply
lett. The Merchants Exchange Bank is
believed to be sound, and its suspension is
only temporary. II Is stated or presumed on
good authority that some half dozen heavy
stock brokers are likely to 90 down. but no
names have yet been given, and no com,
mercial failures are yet reported, though
some are expected.
The Saving Bank during the day trans
acted the usual business, the deposits in
some being larger than disbursements.
There Is no excitement in that line.
The Chamber of Commerce held meet
ing this evening. in which il was decided
that 1t would probably be more Injurious
than beneficial TO take any action in look
ing towards the postponement of ordinary
accounts or notes maturing the next collec.
ton day. The meeting was very largely
attended.
The city tax collector has $l75, 900 of
protested tax money deposited in the Bank
of California, for which he has certificates
OF special deposit. The directors assured
the collector this morning that the money
would be paid in a day or two.
Ralston, president of the Bank of CalIfor-
MIA, jumped off Selly Swelling Works
Wharf this evening and drowned. The
body has been recovered.
MEMPIs, August % ~. r. Mcneil, a
well-known plaster, living eighteen miles
below this city, was killed tins morning.
No clue.
RICHMOND, August 2s.-.'he fire last
night destroyed Smyth, Snyder & Co. S ex-
tensive bark and sumac mills. Loss, $685.
600. Insurance, $4,000.
Cornelius Williams, negro, was hanged
to-day at jackson, North Carolina, for the
murder of an old man named VIM. Presse,
a bridge keeper at Weldon. He made full
confession duplicating three other negroes.
PITTSBURGH, Pa, August %. : Jessie
York kIndled her fire with kerosene. She
is now dead, and the house with contents
is burned.
San FRANcIsco. August 2s-Midnight.-
1t is difficult to state what effect Ralston's
failure will have upon his manufacturing
enterprises. 1t is feared the Kimball Man
ufacturing Company will be unable to stand
the shock. The rolling mills are in bet
ter condition. Cornell watch mandatory
has been seriously crippled. The effect
on mining stock cannot be estimated; all
business in that line is suspended. Raj
ston is quoted as saying: ~ tell you, this
failure Is the result Of persistent effort for
months to break this bank
Later@The directors of the Bank OF Cal
ifornia applied to Flood & O'Bricn on the
day of the failure for relief. Offering that
tirn the entire paid-up stock of the bank,
IS, 900, 900; also 81. 500, 900 in the bank,
and an additional 81, 900, 900 tn be assessed
on the stockholders lin all 81, 500, 900 -
provided Flood & O'Brien would assume
the liabilities of the bank. The PROPOSE
ton was rejected, and the bank was COM
PEELED to suspend. No doubt the liabilities
Of the bank will amount to $14, 900, 900,
and the assets to 81, 900, 900, which will
probably shrink some before realized. The
true condition OF the bank was concealed
from the directors till Thursday. A full
meeting of the directors was held yester-
day, including President Ralston. He was
asked to resign, which he did, and was
then ordered to leave the room. The board
was still in session when the drowning of
Ralston was announced. The stockholders
will lose their stock, and to meet liabilities
will be compelled to stand an assignment
of fifty per cent.
SAN FRANcIsco, August ga meeting
of the directors is requested. Ralston has
resigned. 1t Is believed he took poison be-
fore going into the water. lie was still alive
when brought to the shore, but the efforts
of the physicians failed'to restore him.
WASHINGTON, August 26.-The signal
officer reports that the schooner Charles w.
Holt, from Georgetown, District of Column
bia, arrived at Norfolk last evening in dis
tress, having encountered a heavy north
east gale on the twenty-third and twenty
fourth east of southeast of Cmncotague.
The officers Of the Old Dominion Steam
ship Company report brig with foremost
gone fourteen miles northeast of Cape
Henry. A tug has gone to Its assistance.
WASHINGTON, August 26.-The President
hes accepted the sixth section. comprising
twenty miles, of the Southern Pacific Rail
road of California.
The payment of the September interest
commences tomorrow without rebate.
WASHINGTON, August 25.-Probabilities
for the Gulf States and Tennessee: East
to south winds, slight rise IN temperature,
slowly falling barometer and clear or partly
cloudy weather, with light rains near the
coast.
| WASHINGTON, August 26.-No informa
ton has yet been received here in regard to
the action taken by the United States steam
ers Congress and Hartford, which recently
arrived at Tripoli to demand reparation fol
| the insult offered to the American Consul
and his wife in that city a short time ago,
| though the officials here have no doubt that
the whole matter will be arranged to the
satisfaction of our government. The Con-
press and Hartford arrived at Tripoli last
| Saturday, and it is not probable that any
| intercourse was held with the Tripolitan au-
thorities before Monday. The negotiations
are being conducted by Captain Earl Eng
| lish, of the Congress. Should the Tripoli-
tan authorities refuse to make reparation
upon his demands, Rear Admiral Worden.
commanding the European station, will be
directed to proceed to Tripoli with all his
force and there await instructions of the
l-department.
WASHINGTON, August 26.-For the Gulf
States and southwest Mississippi valley:
Stationary or slowly falling barometer,
southerly winds, increasing cloudiness and
temperature, with occasional rains.
WASHINGTON, August 26.-An order will
soon be issued changing the stations Of all
the vessels of the marine revenue service.
The change is necessary, so as to change
the iron vessels from salt to fresh water.
A telegram was received at the Navy De-
partmcDt this morning from Capt.. Edward
Simpson, commanding a United States
steamer, dated Panama, August 20, an
nouncing that the State Of Panama has de-
clared war against the government Of Co
lumbia. The department Immediately is
sued orders to Rear Admiral Mullany, com
manding the North Atlantic station, to
hold all his available force in readiness 20
proceed without delay TO the isthmts, il
necessary, for the protection Of the Amer.
can interests there.
BELGRADE, August 26.-Tbe popular
feeling in Servia IS SO strong in favor Of the
insurgents that is is feared the government
will experience great difficulty in preFen.-
inO a conflict with Turkey.