The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1875-08-30

man ufacturing enterprises in the city
in which Ralston was interested, show no
signs of weakening. Coin was being
transferred during the day from the
United States Treasury, and though no
loans can yet be obtained, money is easier
Real estate dealers say the effect on that
branch of business will be rather bene-
fetal than otherwise. Prices have been
maintained
Trustees Stiil I'm Secret Session.
1t is impossible ut present to obtain
any information concerning the pro-
ccedings of the meeting of the trustees
ofthe Bank of California. They are still
in secret session, and positively refuse to
admit any one or give out any hint rs TO
the nature of their deliberations.
The Pacific Stock Exchange, this
afternoon, adopted resolutions deploring
the death of Rulston as faithful friend,
valuable citizen, and the champion of
the city and State extending the sym
pathy of the Board to hls family; and re.
solving to attend his funeral IN II
body.
The san Francisco Stock Ex-
change appointed committee
to wait on Mrs. Ralston and
tender the sympathy of the Board. The
trustees of the National Bank and Trust
Company this afternoon authorized
Rest * Cushr to borrow one million coin
on real estate and securities. The bank
is in excellent condition. and If it were
to 20 into liquidation, could pay the
stockholders handsome premium after
paying the depositors in full.
Comments on RaiStOn'S Death.
The Bulletin has the following editor
ial on the death of w. G. Ralston: The
community WAS more painfully surprised
by the announcement OF W. {. Ral,ton',
| death yesterday afternoon than by the
failure of the Bank of California, which
! had Just preceded this tragic event. The
| failure of that institution was the cul-
mination of Mr. Ralstons financial man
agement. He had been allowed fall
| swing, or nearly 50, ss that he was re-
! sponsble for the bank management, and
probably for Il long time past he alone
knew il actual condition. When there
fore o. yesterday, after he had made
has statement to the Directors Of the
bank, and they promptly took the fur
thcr management of Is affairs out of h,,
hands, Mr.. Ralston ceased to live al
most simultaneously Mt his ccasing to be-
President 1t was an unfortunate end
ing of "A once powerful institution.
Mr.. Ralston had Il dash of nerve and
quick impulses which belonged to
that class OF men who make brilliant
spcCulations, and US are often overtakcn
by disastrous effects. lie was bold and
strong wiled, and while it bordered on
rccklcssness, was taken for financial
genius. He was at the same time OF
great reach and enterprise, so that the
management OF the great banking insti
tuition instead of being made AN cNclu-
! sive business, WAS only an item IN the
multiplicity of his affairs. Mr.. Rrlston
engaged largely and lost very heavily
/ from time to time in outside Specula
| tions. He was heavy operator
in stocks. He made large sums in opcr-
uting in Belcher, and probably lost much
| larger in his more recent operations IN
! Ophir. In this last operation the losses
VI '"' P''i '''' '"'' '"' va ,'',' ''!
less than three millions. Mr.. hnI.t'h
lacked the discipline OF early training.
If victory did not come VIII" Ioia d s
the reverse was pretty certain to io''o"'
lie could work out nothing "y any pa
tIent or slow process 9i reasoning Ii'
or intention, either to succeed or
defeat With great institution
at his back the glamour OF S"'h power
made hlm even more au'aiious ana rech-
less. lie could and dId plan good thIhg,,
for private individuals and some bad |
things for the public. 1t was only when |
he attempted to irltate public ente'prisein |
II way tomaEe them suDserylent to private |
speculation, that the B"tIetm ever made |
ISSUE with Mr.. RalstOn We had many |