Carson daily appeal. [volume] (Carson City, Nev.) 1873-1877, 1875-09-01
BANK RI MORS.

ing out OF the suspension of the Bank c.
California as if our interests were imme-
diately, rather than remotely, dependent
upon the prosperity of that concern.
The cheering news which reached here
yesterday morning came like stimulant
to respondent hearts, and smiles took
the place Of gloomy looks. In the early
part OF the day this stream OF good news
was uninterrupted. 1t was only after the
lackeys Of the Associated Press "got in
their work" that We began to receive dis
patches which east a cloud Of doubt upon
the assurance that the Bank would re-
sumo. The first dispatch was from Mr..
J. G. Boomer. reporter for the evening
papers, and contained the cheering an
Douncement that from an examination
OF the affairs of the Bank it was discov-
cred that its assets amounted to no less
than twenty millions Of dollars, while
its liabilities were less than twelve mil
lions. This dispatch also denied the
damaging rumors of the misappropria-
ton Of collaterals and the overissue Of
stock. Special reports to the editor of
tae Gold Hill Ee,cs confirmed this tele-
gram and Mr.. Lyon forwarded TO this
city the following dispatch:
San Francisco, Aug. 3I-l0:50 A. N.
To the Editor of the Ne,cs: The Direct
crs are now fixing up matters to permit
Of the Bank resuming business.
Later il the day We were permitted to
see and make use of telegram dated at
Virginia City. sent by Mr.. Ierinston to
Mr.. H. F. Rice, Of Wells. Fargo d Co. 5
agency, which contained the following
statement Sharon telegraphs that the
bank OF California is preparing to resume
business" Some little time after this
Mess:s. Kelly !, Hofer, our well known
stock brokers', received a telegram from
Dir. J. H. Latham, San Francisco. in
forming them in effect that Sharon,
Reese and Mills had made up the sum
o. $1,000, 600 wherewith to recapitalize
the Bank. and tina: it would resume very
soon. We understand that dispatch
Of like purport was sent to lIr. II. T.
Rice by Homer King, agent for Wells,
fargo & Co., San Francisco. In the
Gold Hill Ne,rs, Of last evening We find
t..e following telegram:
lly the Atlantic and Pacific Line
San Francisco, August 3l-J:io P. NJ
The Bank of California will positively
been subscribed by D. o. Mills, Michael |
cue million by other parties, making
100000. The employees have been
notified by Mr.. Brown, the Cashier, that
their services will not be dispensed with. |
Some time will necessarily elapse before !
the necessary coin can be secured. !
There is happy feeling all around.
1t will be noticed that this comes over
tie line of the Atlantic and Pacific
Company. This concern. unlike the !
Western Union, is independent of the
b:a!etil influence. The motive of the |
Western Union dispatches. which are
disheartening and derogatory to the
good name of Mr.. Ralston, is readily
understood from the averment therein
contained, that The election tomorrow
begins to engross large share of public
attention, heightened by contradictory
reports 5eliered to hare political SiqIifi-
cqi,cs as 20 the condition of tie Bank Of
California and prospects of resumption"
It is safe to venture the opinion that the
foregoing is copied verbatim from Bal
tetin editorial. What but the guilty con-
science of the political editor of the Bed
ietin could have tortured the encourag-
ing kilograms that have been sent to phi
vate gentlemen IN Nevada by Mr. Sharon,
3Ir. Latham. Nj King ard others, into
dcdoes? The fact is,
Fitch, Pickering 4 Co. fear that the
Bank will resume and give the lie to
their injurious attacks. That cabal of
knayes would rather the Bank would
sink into utter ruin than that they
should loose the municipal fight il San
/ Francisco.