The Republican journal., 1875-09-09

body knew Ralston he had been III contest with
somebody, or with a legion of people. 1t has
been affirmed that he did Il great deal for the
development of the natural resources Of Cali
lornIa, but that is true to Il much more limited
extent than Is generally supposed. He was
AMBITIOUS, graspmg and tyrannical. Enter
prlSes which he could not control and hold the
non share of, he crushed unscrupulOusly
wherever others had demonstrated, at their
own cost, the feasibility Of project he stood
ready TO seize upon it when it seemed ripe Tor
pfolit, and expected the projectors to be con
| tent with what he was disposed to allow them
| " me noninally only cashier of the Bank ct
| California, his real position was very nearly
| AKIN to that of the elderly naval man who pro-
titssed himself
the cook and the captain bold
| And the mate of the Nancy brig,
! And the bo'sin tight,
And the midship mite,
| And the crew OF the captains gig.
Ral,ton was president, vice e-presidcnt, dirre-
| tors and everybody else in that bank. D o.
| Mills, the president was only a 1"ure-hcAd.
ana the whole duty man. rs understood by
| The other said officers, was to keep their mouths
| shut. Hal>tOn knew every thing, planned every
! thing, controlled everything ''Sce Eul,ton
| about it, was all one of them would venture 10
| say. SO, with his restless love for dabbling in
a things aud getting hold of all things, Ral,ton
| got a surprising number of irons III the ire OF
| speculation. lie owned q large share OF the ore
road at the ComStock lode, and controlled the
milk business of san Francisco. He was two
| thirds owner of the California Theatre and
| raked in good share of the profits Un The citl'
surpIy of IrtiIiriaI Ice H. ram tbr kin,i.,u
| Manufacturing Company, which made WagolI~
and furniture and ali sorts of tbinos luJ hr .,,
| the Mission Wooiien mills and the iron " Work-
| He WAS the RIGHT bower of ErindlanInr H.
| king of The Grain RING. or else FricIIlu,.r ~.
| his RIGHT bovcr-aIV way. they worked H..
| srain business of the coast between them, and
olt-tines caused the heart of the granger /"
| mourn He furnished 1hr brains tnr .ryc,-I
| heavy Iohs' upon tbe CITY Two railroad schemes
| tlr l;ayen~id,. bridge the spring Valley Water
! Company, sale of their works ana Other ..rn-
| tcrDrise>~ not MI of which Nrr, .urrr..fll
| however fortunately for the civ. lie Was
| largely interested in tbr Gas mononniy ruI ,I,t
| 81 $50 900 uto the P,Iarr Hole nrni,,,t H..
| held a powerful influence IN Io,.I .n' ,.',n In
| state politics ;tuI used tn rr.t rr,tty ,n,,,.l,
| those whom he saw fit nut into otirc, .StnIl,
| AuStiu the city auditor ya, on,. of hi. Ir-t
supported adherents and strongest friends. 1t
| would have been we'll if all those whom l,r pat
| in place had been aS honest and able a, Austin.
| In the stock market Raston was Il King. Both
| sharon and Jones were deeply under Obliga-
| tons to him. and he participated in their
schemes which were always upon %igauti'
scale. ear after year would come what W;-
| known as the spring rise in stocks For q
| few weeks the tcitiou, values of nil sort "t
| stocks would be Vastly enhanced on would llur-
| uatc with such activity Is would caIlSt the h:lr
|
iho'e tAtllcu oIGlaltoHS were i"i upon ih'
| pa'lN 81 any real discoveries OF ifGNh \aIur, IN
| ine MINES allhou3h lirN pfoitsNe" To be he
| simple fact was that at that season the gold ut
| 'ht hahN 0l 'alll"rhia t"o1 De most convent
| ehiIN use" l1t ape'"ialNc purposes ahu con
| Se'luPh'ly auN HillaSG oi tine oPp"rluhli! was
taNtn Wy l.''ol'Il' 'n"i"i I''' ZONES 70 -iNt
the boys a new deal A little later in the >e
| SUN "hth Si"'h1 il''' oVE' ~ heu 'h III hISH
hSuIfa tl" upuple 'loiiV htt pt'H Hi'''l' on an
arIln'i'iiy Producen S'htT'u depression "l 'h'
niaIh'', lht SoiH wa? ''ii'u III, 10 '' u9tNl hN
| tne gram flh3 I'll thtlr stcu'atNe oPtrMlpi'~.
| lhfough ~urh manipulation lhr private l"i-
| tunes OF haNton ana those lh'lhate! aS'"'al-
| ed IN ms operations became enormous, but The
'ailh a''ih'''i5 Wa l'i non" ,'5 l'lVi'pi ~
ably improved. lie WAS s;ud to be worth 50
| 0oO,0OO. That was probably an oNefe>tin1lr.
! Callforma alr seem, prone TO encourage over
| estimates, but nc must certainty nay e brcn very
! rich. His paia'Iai residence 1T Britmoht cost
| ~ ,NoO,oOo, ad he tAlrlhird IN lhalhlAhihG II
| an average OF over @|o"'ooo per ahh''ih. lHth