Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1875-10-22
EANxsNGsN RNlA.
A New Palace OF MssasnOss In san
FranclsCO- millions in Gold On
&hs Counters and Floors.

A New Palace OF ssasnsno's In san
FranciscO- millions in Gold On
y she Counters and Floors.
rssn FIR lncisce Cor (Oct. ~ II Chicago Times
The Bank of Nevada threw open its
doors for business for the first time
this morning. At IL O'Clock great
crowd surrounded the magnificent
new building which Flood Il OBrien
and their partners. Mackey & Fair,
have erected on Montgomery street,
aud when the doors were opened a
great cheer arose from the assembled
throng. This is simply CHARACTERISTIC
If Caiforniars, who are over-enthusi
4stic on any event which Is identified
With the prosperity of their State,
This new enterprise of the mining
prince of the Pacific Coast is not
strictly conmercisi bauk. Although
it will receive deposits and extend &C
commo0ation to merchants, this will
not constitute the main scope Of its
business. 1t is more particularly in
tended as bank to loan, IN which
money can be obtained on g. ID mining
stocks as collateral security. This Is
a species of security which most banks
10 the city refuse, as speculation makes
the fluctuations i'll its value 30 great
as to render it unsafe as an Investment
for depositors' money. Flood q
0 Brieu, however, are the kings of the
mining spectators on the Pacific. A
few years ago these men.
RAN A SMALL GIN MILL.
TODAY they control the Consolidated
Virginia aud the California MiDe-the
| big Bonanza-one of which Is turn
.ug ca. uy-T 81. jUU UJU month, and
| the othar will Oh produca an equal
| anouut. The history of this sudden
| accession to fortune is wonderful
one, aud they are to-day probably the
wealthiest men ON the Pacific COAT.
! 1t seems as il they are determined to
! pursue their fortune, and get posses
sion, if possible, of all the mines on the
| Ccynk6ock lodas.
By loauir -s,ney o. hypothetical
stocA shes ~ b able to do thus
| through the ;-isfo rtrnc3 of the hy-
| potf ecators. and this - believed, by
| the knowing onCs, TO Re their m aln 90
| ject in opening the Bauk of Nevada.
However this may be-, the opening of
the new Bank WAS grand success, If
| a beautiful coun5iug- roorn and ali un-
united display Of gold coin can make
a success. [ thinl | never saw a more
aleg ut banking house, or greater
amour, of gold com. Their it was,
piled On trays On lie counters, spark
ing double Gag g. by the thousand
Tie CAPITA! of th,, bank III So OND coo
and it was all in full vi5w ii. 'olid coin,
which does Drt ned t. ht rtee med.
II addition = tho tray of coin which
coveled tne counters,
HUGH BAGS OF GOLD
were strewn around the floor, in front
OF the massive If III safes, whiah were
thrown wide open for inspection. Oue
could almost imagine that he had sud
denly stepped into A!addin's cave. and
was surrounded by the wealth of ma
ton There WAS the coin. enough t.
enrich thousands of suffering, all N Il o
happy huudreds Of thousands OF our
fellow creatures; but 1t all belong to
four men, and these four men are still
piliug up their wealth by the million.
1t is the money whicb Is even eventu-
ally to flow to the East, and hasten the
resumption of specie payment. The
Gene was very efficient from that
which signaliz-d the reOpenlng of the
Bank OF California last saturday.
Ine crowd vas as great, q q as much
enthusiasm was IL .Dlte-ted when the
big doors swung open. but the throug
was composed meareiy of Cur .ous inoL-
rrs-on. No huge bags Of gold We're
emptied ON the counter 10y confident
dtpositOrs. There WIS no need Of it
The gold was there, end Flood Il
O Brlen are nOt ANXIOUS for deposits,
evan from stock brokers. Their maiu
ui lect Is to loan some of their vast
wealth. \ few deposI :, however,
acre made.
NO CHECKS
were presented 10y NEIL who had been
Gu the ankle US St ats for months, fear
full of the loss of their money, for no
accounts were outstanding; but the
crowd surg5d into the bank, g"zed
wlstfully at the gold and admir- ngIy
a. the ornaments, and then surged
out by another door. 1t was more
/ ke reception than day of business.
4 | day long the crowd continued TO
euter and pass out, anI when the
doors of the bank closed there were
still hundreds In the streets whose
curiosity had not been satisfied.