, 1875-08-28

w.I suifer with other !ntsrests nntll people re-
cpver and cool DOM really 10 atafe ont aBsln
With clear roeorJ. iuet ~ happon+ "hcn nny
other panic cnmes and dIasnfhH thEnRf; This
failure muas. Of course. create good deal OF e1-
citament ont Wsst.
A.-Do you anticipate any had effect from tho
| fn,uto in Chicago or At tbs EA,tf
Dir. Ill don't thtuk tha. tho ro|atlana be. |
"eoh tho two sections A.o sucl. that ioa4en Will
occur. TIM two HYHtnna OF valuos-tho etan1-
a@d hero heins eoa9 and here parer-aro totally
nnlikn hnd will no miro mix than oil and water
| Fur tl,nt reaenh tl!ero ought tn bo no shock
fun failures IN The I'ac.t.c einpn. other than
confidence msv ba nccdcs11y imra.rol thereby.
| H-Then YOU don't cx1rct tho faiIurn will
| bring nbout another panic:
| M Ill do not; nY last hnaner sufficiently
indicators why.
| H,-Il.ye you noticed anything vhtc, foro.
et.Adowed euch failure ~ kHat IT the CaEfur-
mia Bant?
,tr n.-It la. occurred to ma. especially dur
Ing last year. that peopis In California wcrn gel
ting verv Wild an recke II, and t],ss srcn rsatn
| Of affairs ~ existed nuist rncessar = rrostsr"
oves.tra'ling aud Misrepresentation. have f'orn
wunderiug III my osn mind whsfo it was Going
R-This faiuro presume, indicates ~hero
1t will cnd?
Mr. H.-Yoa; it will cnd in collapse, About
thrco months ago yen'eman ca,s TO ME 70
ak my advice with reference 10 locating n New
York, Nan FrnnciAco. mud chicago. sad *';ty
honest opinion II thia Chicago IL the brat place
Tor ,oea'!ns ~ tn'a eo,nfS m ns',are a',e tn Ha
ne the rst c,t5 IN tio co"aas !" iHtoIes ; atn. .
last"
we coot naucH
Mr.. ". +. Coulbaugl, OF tho Union National
Bank, next sought by tho repnEter. After
c1pe,,sng ltto righteous indignation at being
arouhed frog, his t,ttte bed the previous evening
ly newspaper nau, tho genial bnther surran-
dercd himself to tho nems.eathcrcr, u.d the fol-
| ''"'"s c"n'e's sa''"'' "eSi'tea
; Reportor-tau yoa giro mo an opinion ~ to
what caased The failure of tho cslifo'n'a Banx3
Sir. Coolhaurh-I cnnnot r,yo su opiplon as
In u,,.t c,rvca IN, fajl,rc-
. ~
: H-hh'e 5ou any h"o"'o'e' o. 'n' hpeoa'"~
slo1a' mhlae: no1ea' aoa seho'o'' Ill "hen Tue
t bank waa eneagedf f,.,
4 Mr.. C.-I know nothing oxcept br sua>or.
= N.-What rumolh have you tIeafd!
MI Cit ~ generally uuderH'ood that tho
partlch managing tl'c bank Hcrc virtually coa-
tfoillhg many o. !tse nthlhH ana puono eoteF-
. p'is4s q o. The rsc'tle rion'. ,
f. N.-"haf eject "Vnil Their epecnlattona 10
r. 1hat direction hn'e IN PRODUCING thu iallaro
- MF. Csc TAR IN my obeefvaf'pH goes sln
O. Inevitable effect or 1osus Of a:'s hnell a.Iec's
10 maze htidnots on tls uaTa oi oaaknh ~. snohef
pt Or later, disaster aud taiote. tndonhs"1'T tl'e
IL failure az tue ltalik OF ta'nfna haH peeli pre-,
D. lftateo OF tdhs aof' of 1aiS'nansGe"en1 ana
g. uses'tlmaso baakne.
an y"u , sss nmS,nS a. 10 .0 ~ t ses: ~
Coast!
alf. C.-4 tm'nA ne panh 10 ~ 'tln..o's eu'i.
ia ~ 'ch ,amnnr,,y II MI nrrmancnt. III,
ay:cr viii rctult from Tho s,,e pousion
n.-Nl the failure have any effect In Chi
cago or ns the East
IT, Ml' C'-N"' .uG ensIe. ~ ~ +,s +t - -"
6. cuep a' u IT, orr ~ .,..i, @ rnrro.,o', ",
70 no!!a' ~ 'Iu 'a1e. ~ s,,ssa "s1" ,ler
~, ents anu naro 3eay oL 'e7p'e'a'' 'A'"'e'
tnrt cIeui. % ~ .. @ . 9.,,,,p viii +., -. rro
/ IL