Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1875-08-30

rvrom the San Francisco chronijs, Aug. 3s.1
William Chapman Ralsto4 was born
In the STATE Of Illinois III Twas born In
ohio.AEp. News. about be year 1896.
His father was q carpeptS and brought
up his son TO u 90 Tar IL 10 make him
an expert with the tod Of the trade.
Hs did not follow II, b whom quite o
youth obtained his release fron parental
control and became o clerk on Q steam.
boat plying between 81. Louis and New
Orleans. he was then noted for his re-
markabls energy and executive ability.
and rapidly rose 10 all the distinction bis
calling Afforded. During passage
down the Mississippi hs attracted the
attention Of Cornslius II. Garrison, OF
New York. who encouraged him TO quit
his employment a. river clerk and Join
him In Panama, whore Mr.. Garrison
needed an agent TO assist him In the
shsrp competition then going ON In the
Oaiionia trade between himself and the
Nicaragua Transit Company. In this
business he % conducted himself q 10
win Tie entire confidence Of his exscting
aud distrustful employer, and finally,
under xr. Garrison's snspioss.
CANE 10 CALIFORNIA
In The steamer Uncle Sam about the year
1854. After the steamboat controversy
OF that year was ended he embarked
h the bullion and exchange business In
this city with Garrison and q Mr.. Fretz.
under the Arm name Of Garrison, Fretz
4 RAlston. To this business Ralston
and Frstx nfterward succeeded, and
about the commencement OF the late
civil war. Ralston and Fretz united their
fortunes with Joseph A. Donohoe and
Eugene Kelly, 10 do . general banking
and exchange business under tho name
Of Donohos, Ralston 4 Co. In Ban Fran.
cisco, and Eugene Kolly & Co. In Now
York. Ths Arm was remarkably sue
cessful.J Il became the leader In the
banking and bullion business OF the
State, and but for its wise aud cour-
agsous aid the vast ore bodies OF Ne.
vads might 10 this day slumbsr unno.
ticed aud unknown. The rapid rise In
the price Of gold which followed the
commencement OF the civil war and the
It, 10. .od ;cfracu.ck
.n h.,~san s.n frsn.
- ~ w Wy ~. 49, ~.
~ Nv, Tiss.,
~ Tas sns.,,or =. n.os,
and profits multiplied so rapidly that
the New York partner. Mr.. Kelly, con.
osived the design Of establishing q great
banking house In New York upon the
An o. 'po pan na" nn.,.s,. ~
'nis MT u W
poseo' iusisens suas ~ wv nonyy "
tne nIm =, msus nere ,ho Peop'e W
THIS s,ate snouia nave ,ne use OF ";
InS discussion enaeo in ,lS wi.nurAwn
o. hcssis. DSnonoo anu Asliy IIoh no
nfm, saving nl. itais1on IN PcssssS'on
9 : mAgninosn' 'h'n's'0' "n'0n 10
usnsrsu"
n BASK OF CALIFORNIA,
An institution which wal emphatically
his creation, and whose long life OF
honor aud usefulness will never cease TO
be gratefully remembered by every hon.
sst-mindsd man. Certain Il IL that its
wealth was always Of the command OF
the people, and was q moro efficient aid
70 struggling enterprise In this State
than ali the other banks put together.
Mines, manufacturer, art - whatever
the STATE has had Of development and
eulturs-havs swed. and still owe. heavy
obligations 10 the Bank Of California.
That its management has not been with
out grave faults will not be pretended
by Its warmest friends, but, weighed In
the balance, the good has by far trans
oended the evil. Mr.. Ralston's misfor-
tunss and the suspension OF tho bank
are public calamitiea. The sudden and
painful end OF his life Ia felt as a per-
sonal afiiction, not only BY his large
circle Of Immediate friends, but by the
people OF the city. His memory will be
long and tsndsrly Cherished.
m. lAIsroS's DusISrss isrxnrsn.
The dscsased banker was In every
sense OF the term q representative man
OF the Pacific Coast. and perhaps no
better encomium on his enterprise and
industry could DO given than a list OF
many Of the enterprises In which he
engaged. Ho was n OF tho projcc-
tors and Directors Of the dry dock at
Hunters Point, whose wonderful dock.
Ing facilities and popderous machinery
we're . s~evsn-days wonder for the In
habitants OF this city. He was largely
interested In the Mission Wooden Mills, |
one Of the largest and most Important
business enterprises on the coast. Ho
was also interested In the Bay Sugar
Refinery, doing business In q seven.
story building; In the Silk Mandatory,
q new venture with q glowing prospect;
IN the wsst Coast Furniture Company,
which 10 making tho Palace Hotel fur.
niturs; In the Kimball Carriage Man.
ufsctory; In the famous Cornell
building on the corner Of Fourth and
Harrison streets; In the California The.
atsr. the leading Thespian temple on
The coast; also In the Grand and Palace
hotels, the largest hotels on the coast,
and the latter the largest In the world.
He was interested In the opening aud
completion Of New Montgomery street.
He was the original protector OF tho
scheme for the irrigation Of the Ban
Joaquin Valley. also for the reclamation
n dyking OF tulo lands ON Sherman