The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1875-08-30
CALIFORNIA.
A Bad Showing for the Great Gold
Bank Of the Pacific Coast.
Something About RaIstOn, the Ohio River
Steamboat Boy.
Details OF the treat N0TnnEa EN'
plOSiOn.

Steamboat Boy
I,cIniis OF the treat N0nnnEa En-
PlOsi0n.
SAN FRANCISCO, August gS,-The DI'
rectors Of the bank OF California met at
IN NJ. Yesterday; iull meeting. Mr..
Ralston soon enters. Mills promptly
asked Ralston to resign his position rs
President Of the bank. Ralston complied
with the request at once. Mills then ask
cd him to leave the room, lie did so.
The Directors were still in session when
the news was brought that Ralston had
drowned himself. The true condition Of
the bank had been concealed from the Di-
rectors. They protested to be astounded
At the Developments. The stockholders
will loose their stock, and to pay all the
liabilities will have to stand an assess-
ment Of probably fifty per cent, Some
S3OOO,OOO Of the liabilities are in the
form Of acccpiancea for advances made
BY our leading capitalists TO strengthen
the bank. Governor Stanford holds SlOO,'
900 OF these acccptances.
An APPLICATION FOR Relief.
ooAicial statement has yet been made
OF the condition OF the Bank Of Caliior'
MIA. The Directors applied to Flood "
O'Bricn for relief, yesterday morning,
and offered to present that firm with the
entire paid.up capital stock OF the Bank,
namely $j,OOO,0O0, and also one million
dollars in the Bank, namely one and one
half millions, also one million dollars in
addition, tn he assessed on the stock
holders-in all seven and Onc'hali mil
lions, provided Flood u Olirien would,
for this considerations; assume the liabili.
ties Of the Bank. This proposition being
declined, the Bank had ~ doubt that the
liabilities ARE 81 100000, and the avuila-
bic assets not far from S7OOO0OO, which
shrunk considerable before being cOnCen'
tratCd. The true condition Of the Bank
had been concealed from the Directors up
yesterday.
THE FEELING PRODUCED ~ hAIsUoN's
DEATH.
The news Of Ralstons selfdestruction
spread like wildfrc throughout the city,
and was the occasion Of universal com.
ment. Personally and socially he was
very popular, and although his rash act Ia
characteristic Of the man, his suicide has
caused general sorrow. lie was lavish Of
his money, liberal patron Of talent Of
whatever sort, and entertained like Il En-.
ropean potCntntc. Next to the Bank Of
California, the city Of San Francisco was
his pride, and the pains he took to do
hOROrs to visitors from the East will not
soon be forgotten, either by the recipients
Of his splendid hospitality or the city Of
his residence.
his CELEBRATED COUNTRY SEAT.
During the past 10 years thousands Of
guests have been entertained ut Ralston's
country.seat located at % miles south Of
the city in the San Mateo region. The
house has the appearance Of a great
baronial hall. 1t stands back In the small
valley called Belmont" within a few
minutes walk Of the San Jose railway.
A grove Of live oaks surrounds II, and the
recesses and hills hide II from the winds.
The grass and neighboring meadows are
irrigated by means Of wells, windmills
and iOrce.pump. In the stables are
stalls for forty horses and about twenty
driving vehicles. II was the habit Of the
proprietor to drive to the city and back,
matter Of 90 miles, nearly every day IN
the year, holding the reins himself. Ills
mansion is taStGfully Ornamentcd with
pictures, Marbles and furniture from the
California woods, and ii contains about
forty bed.chambers.
RAisrONs LEISURE
was chiefly given to impressing strangers
with the resources, comforts and climate
Of California, and he never appeared to
be so happy as when showing Foreigners
the road and the scenery. Ills hand was
in every Improvement and institution Of
the metropolis, and yet he had dislike
Of general publicity, and could in no way
10 sooner offended than by newspaper
adnlation. People who lived for them.
selves looked with astOnishmCnt upon
the spectacle Of his flying team, carrying
to his private hospitality travellers from
all nations; but rs to himself, his posses.
SlOns,or his "reminiscences, he was uniform.
ly rCticcnt.
Ills TRAGIC DEATH
produces a profound sensation, not leSs
than Vanderbilt's or Jay Gould's would
in New York
NEWSPAPER COMMENTS.
The Bulletin says. There is no dis.
gnislng the fact that prudent men have
observed the course OF RalstOn for more
than year past with anxiety. More re.
Gently he made many transfers Of prop.
SFty, while large stOckholdersin the bank
nave been dropping out. \. y. Mill, for.
iaer President, Nicholas Luning, William
sharon and other large stockholders do
not now probably own more than n mere
nominal amount Of stock in the bank.
The public has not looked to Ralslon for
some time rs furnishing any strong
guarantee Of security.
THE RANK OF CALIPoRSA.
CHICAGO, August ga rcporter ot
the Tribune called upon John g. IIaines
o. the Fidelity Bank, and asked him The
following question: "Do YOU know any.
thing about the mining, hotel and rcn.
eral specnlation' in which The RnrE NJ
california has engaged Answer ali
has been reported to inc that for neotlv
two years Rals!on, Jones & Sharon wers
building a large hotel in San Francisco
which was TO cost q large amount ci
money that they had established fur.
niture factory to make the necessary fur.
niture for 1t, out Of which was to grow n
regular furniture factory; that they were
engaged in railroad works and spccu.
Ialing in mining stocks Of all kinds and
descriptions. | have also heard tba, for
agood many years the bank has ammo.
pFlated from $4,000 to 100000 for the
entertainment Of anybody who might visit
Gan francisco from the East and Europe.
THE ORIGIN OF THE BANK.
RaIston has been described os man
who never appreciated his own resources
a. natural fnancier, and he resisted an
effort made in 1868 TO transfer bis scr.
vices to New York, doubtful Of HE abilitv
to compete with the experienced bSnFeIs