Lyon County times. [volume] (Silver City, Nev.) 1874-1907, 1875-08-31
TELEGRAPHIC.
Special to the TrI-WeekIy Times
SAN FRANc1sCo, August 80

| SAN FRANCESCA, August oU.
The Merchants Exchange Bank
does not open this morning in &C
cordance with the almost positive
assurance of the Secretary given yes
terday. The officers are apparently
somewhat less confident of rssump-
ton than yesterday, but say that any
delay is merely temporary. The
National Gold Bank and Trust Com
pany is still closed. The officers are
unable to say when they will resume,
but say the outlook is favorable.
The deed of Ralston to Sharon con-
veys all his property, real and per-
sonal, wherever found, in absolute
ownership, with the right to dispose
of the same on such terms and prices
as he deems best. and to apply the
same and proceeds thereofand of the
property hereby conveyed to such
purposes and uses as said William
Sharon may, in his judgment, deem
best for our joint aud several inter-
ests.
The Board ofSupervisOrs yesterday
met with closed doors. II trans
pires that heated discussion arose
and the policy of taking no action
with regard to the resolution in
memory of Ralston was adopted with
only one dissenting vote. A major
ity of the Board slgnified their inten-
ton of attending the funeral in pri-
vate capacities. Business will be to
a great extent suspended during the
funeral to day.
A prominent banker reports that
the immediate cause of the demand
by the Directors of the Bank of Cali
fornia for Ralston's resignation was,
the discovery by the Directors during
their examination Of lot of bills
receivable from irresponsible parties,
aggregating in the neighborhood of
a million dollars. 1t is also reported
that it was the intention of the Direc-
tors to have subsequently called
| Ralston into their counsels to avail
themselves of his intimate knowl-
edge of the business of the bank.
Rumors are afioat this morning of
attachments issued against the Bank
of California, but reference to the
records shows nothing of the kind as
yet. 1t is reported that some heavy
stock brokers and others, who have
borrowed large sums-in one case
amounting to $500, O0O-for the ben
fit of the Bank of California, securing
their own bills payable with stock of
the bank, are likely to become
heavily involved. The stock of the
bank cannot be given away at pres
ent.
Collection day thus far is pro-
crossing with mutual feeling of
accommodation among business men.
1t is difficult to ascertain how mat
tiers stand before evening.
The funeral services OF Ralston are
now being held at Calvary Presby-
terrain Church, corner of Geary and
Powell streets. The obituary SER
vices are conducted by Rev. john
Hemphill. The National Guards Is
largely represented, as also many
civic and benevolent associations;
officers and employees of various
manufacturing enterprises; corpo-
rative, educational and business bod
les, and an immense concourse of
citizens. The flags of the city are at
half-mast, and many business houses
are closed.
There is a fiutter among distillers
and revenue agents here, in conse-
| quence of the presence of Special
Revenue Agent Clark, who is exam
ming into affairs on this coast. On
Saturday evening the Deputy Rev
enue Collector at Antioch, Contra
Costa county, seized Jost's distillery
and twenty-si thousand gallons of
spirits, valued at $50, 900, on IA charge
of illicit manufacture of whisky.
Half a million dollars were trans
ferred by the Treasury to-day to
banks, in addition to the amounts
previously reported, but it is not
stated to what banks it has gone.