Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1875-09-27
frrpn u. Q. y. Aila. SPA. al


Business p~rsparstory 70 resumption
Of payments by the Bank Of California
IL rapidly drawing 10 . Gloss. The or
R~aniIstion Of the Subscribers to the fund
In aid Of the Bank has been made eject
ual, with Senator Sharon - President.
We understand that the Bank viii prob
ably reopen ssxt Thursday or satsr-
day. or Monday st the latest. With S.
500,0 900 already ON hand. Twenty Per
cent. Of the amount subscribed 70 the
aid fund 10 called In. which will realize
within two days 81. 800. OO0. which. In
addition 10 the amount on hand, will
make up the amount required. This
amount will be far In sxosas Of any de-
uand that will b made on the Bank
when ID rs-opsns.
Subscribsns 10 the Syndicate met yes
tsrday. and organized BY the election Of
the following oficen; President. wn.
sharon; Vice President James r.
Ksens; Secretary. 4. n. Lloyd; Treas
ursr. Bank Of California; Executive
Committee, d. o. Nills, James X.
Kesns. Chas. Mayns. r. p. Morrow
and Il. II. Lloyd.
Mr.. Sharon spoke briefly. saying that
q thorough examination into the adain
Of the bank showed an sxcess OF $780,
900 Of undoubted assets over the liabili-
ties, and that thsrs could b small
dividend 10 stockholders, after all the
obligations Of the bank had bean met.
He spoke c~hssringly Of the prospect,
- IN - -oull 49, 1880 svs<kton An
~rs-sstablish the bank. The same feel
ing seemed 10 psrvade all thoss present.
Subsequently,. the Executive Connittes
determined 10 call on the Syndicate TO
pay In twenty per cent. Of their sub
scriptions within two days. This will
bring In about 81. SOC. 900. The bank
will Be able to rssums business with its
vaults we'll supplied with coin. The
smaller dspositors win doubtless be paid
nnt. The bank will probably Be opened
the lattsr part Of this week. The. de-
tails with relation to the foreign cor
rcspondsncs and the rs-opsning of the
branch banks have al been satisfactorily
settled. The stoskheldsn Of the hank
will meet on Tuesday nsxt 10 elect .
Board Of Directors for the ensuing year.
whom u h likely that The old Board viii
be continued in once. and the bank
will be conducted under their manage
msnt. The nevs Of the definite do
termination 10 reopen the bank at 80
early . date created . feeling Of lively
s~atisfaction throughout the city. In
commercial and stock circles, the an
nouncsmsnt was joyfully received. Ths
news Of resumption vii b received
with sarpdss and vondu In IN money
centsrs, being without . parallel. and
will hslp California; credit amazingly.
Our people will owe . debt Of gratitude
TO thoss Who have hborsd 70 bring
about the desirable consumnatisn.
The Special Committee Of the San
Francisco Stock and Exchange Board
held . meeting yesterday ct II A. n.
No report was made. and u adjourned
over Till tomorrow. at the same hour, al
which time We learn tAat . dsanits tme
will BE- nxsd upon for ~rsopsning. and
three days. notice given. By ons Of its
members We are infornsa thai NE CON.
mittss has no broker TO report - dslin-
quent. all having settled their tnnsao-
tons. This cesld NOT b accomplished
without their customers ssttlin0 with
them, which shows the fact thai the
latter have oonhdsncs In the stocks held
by them. and also the means 10 hold
them. thus anticipating those Who have
BEEN holding back with the expectation
that whom the Boards reopened. all such
stocks would b thrown upon the
market, precipitating = decline. The
Stock Boards will mot open until the
Bank Of California and the Nevada
Bank throw open their doors and invite
borrowers. The people need have no
fear that money will b 20 opprsssivsly
scarce % 10 compel those Who may
need Il to sell thsir stocks, - the out.
look is that IL will BE- 90 plentiful that
the banks will hardly ind sunacisnt
castomsrs 10 take What they may have
In the vaults.
The Pacific Stock Exchange hold .
meeting at I o'clock yesterday. but u
the action Of the Bank Syndicate had
not been disclosed, an adjournment
was had until Monday. whom. u 10 gen.
orally believed. hnL action in regard 10
reopsning will Be- taken. o.
Twenty per cent. Of tho late subscrip-
tons 10 The Bank Of California Wa or.
dared TO b called In, o. win b seen BY
the following circular:
Orricx on THE SYNDICATE or
TIE BAxK or CALIFORNIA,
SAN FRAScrsco. Sept. 18th, 1875.
Sin: You viii please take notice that
the Trustees Of the Bank of California
have called upon the Subscribers 70 he
Fund to aid the said Bank In liquidating
its indebtedness and liabilities. and con
il business. undsr he agree
ment dated September lst, 1876. which
bears your signature. for the payment Of