New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1875-08-29
FINANCIAL.
The Effect of Ra..tvp,, failure.

SAN FRANCISCO; August q, Midnight.-It
| is difficult to state the effect Of kalston'
/ failure upon his manufacturing enterprises
| 1t is feared the Kimball Manufacturing
Company are unable to stand the shock;
the rolling mills are in better condition.
The Cornell Watch Manufa ,turing Com
pany will be seriously crippled. The effect
business in that line is suspended. Ralst0n
| is thus quoted: Il tell you this failure is
the result Of Q persistent effort for months
to break this bank"
The directors applied to Flood g. O'Brien
on the day of failure for relief, Offering that
firm the entire paid up stock Of the. bank
$4,000. .000-also 81 500 600 in bank. and an
stockholders, in all &7,500,00O, provided
Flood e. O'Brien would assume the liabil-
tiles of the bank. This proposition was re-
fused and the bank was compelled to sus-
pend. No doubt the liabilities of the bank
are $l4,000,O00; assets $7.000.0O0, which
will probably shrink before realized. The
true condition of the bank was concealed
from the directors till Thursday. At full
meeting Of the directors, yesterday, RalstOn
resigned, and was then ordered to leave
the room. The board was still in session
when the drowning was announced. The
stockholders will lose stock, and to meet
liabilities will be compelled to stand an as
sessment of fifty per cent.
the circumstances of Ralston's Death.
SAN FRANCISCO, August pa meeting
of the directors requested Ralstop to resign,
which he did. it ls believed he took poison
before going into the water. He was still
alive when brought ashore, but the efforts
Of the physicians failed to restore him.
Later information tends strongly to dis
prove the theory OF suicide and the state
nf ne 30 -,
the death of MIR. Ralston resulted from
apoplexy while bathing yesterday. Mr..
Ralston transferred all his property to Sem
a.or William Sharon for the benefit of his
creditors, and Mr.. Sharon in receiving the
trust pledged his honor to stand by his old
friend to the last dollar of his own private
fortune. -
Tie Trustees
The affairs of the Bank of California have
been put in the hands OF an executive com
mittee consisting of William Alvord and
George H. Howard.
The etockholders.
The following are the names of some of
the principal stockholders: The Barron
estate, Thomas Bell, Nicholas Laning, Nose
Ellis, Captain J. B. Thomas, Asa T. Ham
Q. Earl, John Parroll, d. j. Tailant, Mi
chael Reese, D. O. Mills. Mark Livingston
aud y. F. Giffans.
The Inquest on 4ealsl0n's Body.
An inquest has commenced on the BODY
Of President Raleton.
In Mourniog,
The Bank Of California is lres sed in
mourning. Everything is quiet on Califor-
mia street, and matters are assuming their
usual aspect
futile Attempt to Make Trouble.
Tho rufnOrs relative to popular feeling
and demonstrations against the Bulletin
and Call, because they had steadily opposed
Ralst0n's policy in political affairs, we're
idle utterances of excited individuals and
incendiary efforts on the part OF some per-
sons personally and politically hostile to
those Journals to create enmity against
them. The attempt fell stillborn.
Ne Bailures Appreciated.
Business men do not apprehend failures
ON monday next, which is collection day.
Rsselatiea Of The stsck Exchange.
The Pacific and San Franclsco Stock Ex-
changes have adopted resolutions deploring
tho death of Mr.. Ralston, and resolved to
attend the funeral. The National Gold
Bank and Trust Company to-day author
lied the president end ssshisr to borrow