, 1875-09-01
street that our poople will oven borrow gold 10
aend 4ere upon slight s1gsncs In The prico.

uHonootc9!g met Win great loaa by tho duddtn
death Of sir. I:a'nson. llo w.a ono Of tl,e load
Ing t1ep io everything that Iookcd towarl tho
iutthoF development Ut tho State. Nuch has
s,een said about his extrhvaganco. hut insiat
ehst he ~aa not an oxtEaVagans man. IIo was
very liberal generous. and oren hearted. and is
il trIo that 10 entertained largely, having at
tItnef a. many ~ 100 gueate at once. sut hin
early lite bad taught him to TO economical, Ani
he kno" 10" 70 entertain well ht
comparatively small outlay. Then it wa
!ho policy Of tho Directors OF thu
nank to on:ortain tsrahgeIa with an TN
isual deglno of muntdCence. and during tho
tin1o that 1tastnn was Caal4ier OF Tho lHnk t:.at
is mp to tho time wtirn he was elected ia PEohi-
dent-he received hn allowance Of S1p.u00 per
aunum for expenses az host Th"fr idea was to
build up tho country "A rapidly al posrl1lo. aud
tlov avnifed Themselves Of evoEr u,esns tlicv
could thnk Of to CT cato good Impression upon
The minds Of vleitora. Evory new enterprise
that looked towards improving tho State had
Mr. Ealeton's sJ'npnthy. and often. when he felt
that the bank could not lond itn ail, hs supplied
the denired asAiHtAuce out OF hin own POCKET.
The risk that he would tako in th's wAy waa tho
only thing that ever led his frIends to doubt his
permanent s'lcccss. don't bahero there Hss
msn III California who had ary doubts about tho
ptrnhnency u the bRuk.
| cannot understand to-day why tho Directors
did not coino forward At once aud mako ur aver!
deEciehcv wh'rh thcv fnay have found. Under
alI tho circutnrauces. it nuuId havc certainly
teen Eaucli better Than to Btop a. They did. H.
deed, believe it il tho best thing thes eau do
yet They hre AMPLY hba TO mako up any
aetlcsoncy shas m"y esist Do not
st kno. t1o anAeta OF tue barron
The firm formerly dlri largo banking h,tlneas
in Me1lto. Mtees Ellis N a retrcd merchant
and IL worth at least Il, ,5pn01D u. j. Fallans II
akH doinE . banking bunlricst, ard In probably
worth -. tv0. John Tarrnt is worth several
| million tlulIarp. He IN rotisct! banker having
| formerly donc worry euccehstul bslhus>u under
tho tlrm manu- OF Parrot Il Co: u. q. Mills II
worth. at lenst el2.U9u,ofu. The three last
named went through thr panic Of 1e5l SUGGEST
fully VI + time When suc!, largo uumier Of
| our tett houeen weEo compelled to suspend.
Max LlvInsston's a4setH must be oyor S1.oo1,-
90, Mjchae! I!eete Ii wotth uetHsan
not foth thsn Sl0.oto.oJa, Capt j. u. Tho1nar,
who nov resides III Dorton, was worth nut Icss
than s1.5DJ,Q'9 ten yoara ASD, anil hs has nut
been engaged In lusuets to loaa an< Of it ssalee
tlIeo. Nicholas Loring has been D Muuey-
lender In San Francisco for long time, aud has
not less thau 5000. ltU0, John U. Lar, nxe
formerly d merchant in San Francisco. and ]i'a
property il estimated at II. 500, ,0tN to s2t0oop
| Geolge HoRatd belongs 10 g hr1n that las lcr1l
knu~H III q wealthy house fr,m tho early days
| of California. Thomas Bell ia q very itch man,
apd tlIeto arc several othesH Of ,ha lea1iug
Stockholders of thu bank WHO arc known to DO
! wealthy men. II will therefore readily he sscn
that. II they hal snit dspored to do 70, tfiey
could hava came to the re.tcf Of tho bank. auA
thus retained the reputation and INFLUENCE Which
| 1t LHl attaEc1.
Regarding the statement that tho Central
! Pacific Na's7oal MAJ III ANY way conneeted with
| the Balik Of California except ~ upp0.lor md
| At titntH borrower. l wist to SAY euIphaticaI!y
that 1t in untrue. At tic time Of the fA!,nfc.
| the Company dItl not owe tho bank anything, aud
| slncc my arrival here have received aly1ces
fsoul ian Francisco that our deosits 1t tho t!nlo
| An,ounted to about $50.000 Ar far as ! ku0s,
none Of tho Directors Of tho railroad were Htock-
| tluIdery III tue hnnk, uuf wers thu Directors IT
htL& ~ IL
| that !IHtd arcrrtanceA Of the hlnk for abant
| e4u00n which were drawn bafo1e l"ft bnulc,
about three we~ke hao bat the arrangement /
thus maio with tho bank wAB nat done for ita ac-
to uso conHider shlc money during my trip East.
and preferred such an arrangement AZ tue ono
made 10 drawing my check on tbs Lauk whuu l
had no balance there. At tho time Of the panic
pany settled with tile bank in full. paying it u
balance of about s51. 0'U. Since Tint tilno wo
lave never. III q single instance. nrerdrawn uur
account. AZ to the lesterB Of credit held by pes-
honH travelling abroad. hare no doubt that =
large matoritv Of them We!o issued by tic Dank
| of California bur the people Of our 6tato do not
travel III much a1 those living IN tho Eastern
| Bt4tos. aud mos: Of those N!,o do traEcl belong
to the wealthy clhss Of our ctizohs. Nho witl not
suffsr bS the loeB. Tho uank wns alHo fasotito
amoug thc. chin.ucn, basiuE formerly
spefsy hi 1ath IN Tho way 81 Gt a G1e'n$ ting 'Gs Sa
i
caino well au1 very fasorably known to tllcdiI.
They had grust confidence iu the hank. and most
| Of their business between thld aud their onn
country whs transacted through it.
II regard to the effect Ut tie failure upon tbs
poope of California aud tho 1niul's NtcrustH u
that State, there will. Of coutAo bo Cares Ut in-
diyldnal suffering but teyoni shtS, tho oaees.
have no dontt will be tranaient. The tinan-
cal condition u the peorto Is healthy atd After
short time burtnets vii go ahead again NJ
uAual Tho wheat crop il not quite ~ larKe thlB
year a. it WAS laat, but the taFnrrs Ara getting u
kotter .p1ico for Whnt they have to- soil this
count Of tho crup will probably not 10 less sfst,
il wal last year. Thsrr are tbtweou G00.0ut anu
70U.000 people III tho State, oue"thsrl ot whom
reside In San FrAncsco. Only about 100, 91I aTs
wheat was produced IN tbs stats lat year ~ ioe.l
IT. ctlzons sud tho people Of Sosada. after
which we had left for expottAtlop ton Of What
for every man. WOMAN. and CHILD III tue stats.
hnce Receiving tbs noWs Ut Alr. HaIston y
doatl, have thought oser tho mattsE great
do4l. aud ! feel atrongly convinced III
my oWu mind that he did not COMMIT sis-
cido He was Etroug. healths man. temperate
in Ills living. aud yory activo fu his habits. while
his its,,oHitiun waa always cheerful. ! 10 nut
bolioye lc spent ilftucl minutes III bsooiIilE
| ovor his failure. hut al hoon III he realized ho
situation hts MUD began ut oncc paunin. ~ to
low lo should retrieve tla iuBs furtnnes lie WAS
| us. Who never studios lonk over matter. b7t
after giving 1t q thought ho "otl1d jump ut >
| conclusion, aud make hia plains accortliug'y. lla
1a4 1euAt ksd to mo that il rese1nos should ever
! como ho had = trade 1t whsch he could Always
saru = good ntluE. 10 that ucltheF he nor
his family need ever ccme ~ Wsnt. lu
carly I,fo Es had boen boatuan On tut slisats.
Blppt llyef. Hud le understood the building Of
boRtA. 1t was this to Which ho srfcrTsl When
he Hposs of toiug able tn earn 'tus BY other
ule.i,s than ny banking. besides 4ii ths, he
~as not tho kud OF man to Commit suicide,
and / feel ful!y convinced hs WIS casa Of ac-
ctdcutat drowning.
two ultlesk bptu boys. ara now in Boston. where
they have been attending school tie el.tsr beisH
about IL. Col. Fry LIZ not Mrs. haistou's father
but he IL her uncle.
ELSEWHERE.
| NEW yDHk STATE E1rHAN9k.
Srseasi i,.uatlA to YAs Chicago Tribune.
| NV YoNk, Aug. 3i.--fho boars continue t
driya ANay At tho Western Union. And have hua kaI