The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1875-08-29
FTERN DON DIsp ATCHES
THE CALIFORNIA PANIC.
Excitement SuhSldlng Confidence Re.
turning Worst over
No Commercial Failures iiCpgrtcd, but
q D02cn Heavy Brokers and Man
ufaCturlcs ShakCy.
President R0lSton, Of the Bank OF
california, Commits Suicide.

SAN FRANusco. August %. The eX-
element in consequence ~ TIA failure
Of the Bank of California seems 10 b.
suhsiding. The crowd on the bank il
much less than ut the opening of bush
ness hours.
The run on the London and San
Francisco Bank closed with u large sur
plus in the vault.
a slight run on the Anglo California
liis morning soon stiIiSi,Ird
lie Fir4! National Gold Bank reports
everything sccHrr, md the same may
he said of the Bankoi iir!lisll Columbia
and the PaciIic and Commercial Mluks,
Private banks report no excitement
and everything going on AS usual elem
orally speaking all the city banks are
considered sound, except the Bark OF
California. President llalst0n has said
nothing IN addition 10 his statement OF
yesterday.
Many rumOrs are current regarding
the condition OF the California,
one statement, apparently from good
authority, il that the bank will pay
depositOrs in full and stockholders ii +
tv rents on tina dollar. Another is
tIat tho s,ockholdnrs statn thnt the
mos, tho HAM, ann do ia 10 satisfy die.
nnS;to ,D' N '' Wv ~
Thero has been II sl;gl,t RIM on the
Hibernian Savings Bank, but tho de-
mand was promptly met.
Contidenae seems to be returning
and it is believed the worst is over.
IjitIa unonsinrss IL felt sthe affairs
Of aither The National Gold Bank and
y,nst ar NIorchontsi Eychnnoe banks.
M fornar ramorts tha nrobnhilitv of
an -" oorIu resnmntion' thonrh unable ia
fv tha limo
The National Gold Bank has an
ohnmJ,noa nf nv,iIohla assets which
~" oniv woitiny rorention of coin,
Mo nres,dent this morning stated they
had mid ont about a million Yesterday,
anJ hova still n small SUNNY left.
Tha Mernhnnts and Exchange hank
is hnliaved to be sound, and It's suspen-
sion oniv Temporary. fti
"'J IT, y; @ s;yotad an nrssumod yood ouihor-
itv that some half a dozen heavy
.took hrolnrs ore li,elv TO 90 down,
INF M names nre riven.
No commercial failures are reported
,h nU Ioi aonnn orn axnected
The saving bank during the day
trnnsooted liz uauol business. deposits
IN some instances being larger than
disbursements. No excitement in that
u Iino
The Chamber of Commerce held n
n,antinn Inot nvoninv nt which IL was
dnoidnd that il would probably he more
nnv action looking towards the post
uonement of ordinary accounts or
notes maturing Mt next collection. The
meeting was very largely attended.
The city tax collector has one hum
dred and seventy-iiye dolIais of pro-
tested tax money on deposit in the
Bank of California, for which he has
certificates of special deposit. The
directors assured the collector this
morning that the money woulu DO
naid in q day or two.
Ralston, President of the Bank of
California, jumped off Selly smelling
works wharf last evening, ana drown
ed himself. The body has been re-
covered.
The death Of President Ralston Is at
tributed to the action of the directors
of the bank, who at meeting re-
ouested his resignation, which he re-
cently did.
II IL believed that he took poison he
fore jumping into the water. He was
I'm 'olivo whom hrounht to shore, but