The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1875-09-03

The East.


The East.
Loader, the upholsterer indicted for libelng
Beecher, has just been admitted to bail in New
York. -l-i '..
Certain Eastern newspapers have attacked
the proposed fast mail train between the East
and the West and have asserted that this train
has been projected and will be conducted
mainly for the benefit Of the New York daily
newspapers.
II is stated that Ben Butler will act as coun-
sci for Nlton in the second trial Of his suit
against Beecher.
Stirling, Ahrens e. Co.. of Baltimore, heavy
dealers in sugar and molasses, have succr,mbed
to the general pressure Of business. Their
total liabilities are 80 500 600.
The news of the collapse Of the Bank OF Cali
fornia caused considerable excitement in East
ern financial circles, but its effects were only
slightly felt.
Col. Edward Longstreet, of the suspended
firm OF Longstreet & Durinson, heavy leather
dealers at Syracuse, n. Y, has followed the
example of Ralston, and committed suicide.
The well-known Boston publishing firm of
Lee & Shepard has failed.
Union Adams & Co., heavy wholesale dealers
in mems furnishing goods, New York, has sus-
pended.
A laborer named Davis was recently muir
dered and robbed by tramps in the woods near
Dsnville, Vt.
Patrick Reardon, OF Saxonville, Mass, last
week shot and killed his wife and then shot
himself dead.
The West.
An express train on the st. Paul and Sioux
City railroad went through bridge near the
latter place on the night of Aug. a. instantly
killing the conductor, engineer and fire.
man. None of the passengers were seriously
injured.
The city Of San Francisco has been thrown
into fever of excitement by the failure Of the
Bank of California, the leading financial insti-
tuition Of the Pacific coast The Bank had
paid up capital of $4,000, 900, and has always
been regarded as one of the staunchest and
best managed in the country The suspension
was caused, as in the cases of jay Cooke & Co.,
Duncan, Sherman & Co.. and b. f. Allen, by
disregard of the laws Of banking. It had
made unlucky ventures in the mining districts
Of California and Nevada, and the President of
the Bank, W. G. Ralston, is known to have
been heavy and reckless operator in mining
stocks. Under the circumstances the collapse
of the concern need not excite surprise.
Capt. John Gordon of Black Hills fame, has
been released from confinement on writ of
habeas corpus. He has commenced an action
against the military authorities for false i'm
prisonment
The Canadian steamer Manitoba collided
with the propeller Comet, on the evening of
the 9th of August, near Wbiteish Point Lake
Superior, and sank her instantly. Ten of the
twenty persons on board the Comet perished
No one on the Manitoba was injured, and she
continued her journey. The Comet was bound
down, heavily laden with ore while the Mani
toba was bound up, light.
An express car on the Union Pacific railroad
was robbed Of several packages Of money, near
Table Rock Station, Utah, few days ago.
The robbers got on top of the cars and climbed
through window while the train was in mo-
ton.
A San Francisco dispatch announces the
temporary suspension of the National Gold
Bank and the Merchants Exchange Bank
A female forger was captured at ST. Louis,
the other day, in an attempt to defraud the
Broadway Bank out of $4,000. She presented
letter of introduction, and what purported to
be a certified check ON a Chicago house; but
he bank officials suspected swinde, and the
woman and confederate were taken into Gus
tody.
The large four-masted steamer Persian,
bound from Chicago to Buffalo, with $1,000
bushels of grain and other freight, was lately
burned on Lake Erie. The vessel was valued
at 1925, 900.
A malignant and fatal plague has broken out
among the cattle in the vicinity of st. Louis
W. G. Ralston, on the day of his death, deed
ed all his property to William Sharm in trust
for the benefit Of the creditors Of the Bank Of
California. Public opinion in San Francisco
is divided regarding the cause Of the great
bankers DEATH some people believing that he
died Of apoplexy. The majority however,
adhere to the theory of suicide.
The crops in Kansas pan out immensely.
The Secretary Of State estimates that the State
will have So, OO0 900 bushels of surplus corn for
expectation.
The funeral of William G. Ralston, at San
Francisco, was one Of the most imposing pa
geants ever witnessed on the Pacific coast
Among the mourners were delegations from
all the military and civic societies of the city
well as representatives Of all the manufac-
turing concerns in which the deceased was in
terested The entire city was draped in mourn
ing as token of respect for the late princey
banker The Board Of Supervisors Of San
Francisco refused to pass resolutions of respect
o his memory.
Sixty-three Chicagoans died during August /
under circumstances sufficiently suspicious to
require Coroners inquests.
Thieves enteredt the residence of Gen. Arson |
Stager, in Chicago, at midday, bound and /
gagged the servants, broke open the silver
chest and carried off It's contents.
The Bank Of California has been reorganized,
with ID. o. Mills as President, and will imme-
diately resume buSiness. Seven million dollars
have been subscribed to tide the bank over it's
present difficulties of which Senator Sharon
ID. o. Mills, Michael Reese, f. ]. Baldwin and
D. h Keene contributed 81, 900 600 each.