Pioche daily record. [volume] (Pioche, Nev.) 1872-1876, 1875-08-27

jury presented final report vest raay
They found true bill on two charles O,
embezzlement against Miller alias Wood
ruff, defaulting Secretary Of the Contract
and Finance Company. The charges
against ex-Assessor Rosener wero 10.
nored. Referring to latter case the iury
say they have been afforded every oppor.
tunity for obtaining evidence by the Dis
tr:ct Attorney. The jury found true
bill on three charges Of embezzlement
against Chas. J. Kuchel, tho boy opera.
tor in stocks, whose operations caused
so much talk few weeks ago,
SAN Francisco, August 2G.-The GEN.
eral feeling about town tonight is rather
blue. The cashier of the National Gold
Bank & Trust Co. stated to a gentleman
in an interview this evening that the
bank would open in the morning, but
might have TO suspend during the dav.
This bank paid out all its gold this after
noon and good deal OF silver, if it can
make arrangements tonight for coin il
may bs able to tide over tomorrow. A
run is expected on The San Francisco
and Merchants Exchange banks to.mor-
row. 4 meeting of bank presidents ia
called for this evening TO concert meas.
ures of relief. The Board of Brokers
have also called meeting
At 3 p. m. tho representatives. of pres
idents met in the Presidents Office of
the Bank of California. The following
written statement was read "Office of
Bank of California, Aug. 90 Tho Trus-
tees are under the painful necessity of
stating to the customers of the bank and
tho public that the bank is compelled to
suspend business. At this moment and
without reports from agencies we do
not propose TO make q statement rs to
the situation of the bank, but are now
examining the interests critically, and
will at the earliest possible moment
make definite report. BY order
OF the trustees. Signed, S. Franklin,
Secretary President Ralston stated
that on his own responsibility and that
OF the officers Of the bank, no doubt they
would be able to meet all obligations.
Ia reply to a question us to when they
expected to open again, he said, "Not at
ALL and, subsequently, on repetition
OF the question, said: 1--WE do not ex-
pect to resume" Ralston further stated
that about one million and four hundred
thousand dollars had been paid out to.
day. No assistance was received from
other banks, though application was made
forit. He had telegraphed to all the
agencies of the bank to close; he thought
no banks in the interior would be affected
by the failure, The excitement on Cali. |
fornia street is intense. The street was
blocked during the entire afternoon.
The crowd is, or the whole, quiet and
good natured, and much confidence is
expressed in the ability of the bank to
redeem all obligations.
A run was made on the National Gold
Bank Il Trust Company, but the bank
continued paying until the closing hour,
and asserted its ability to settle all de-
mands in coin or bonds. Other banks
in the city report no unusual call on their
resources.
The San Francisco and Pacific
Stock Exchanges held no sessions
this afternoon, adjourning to call, and
the former passed resolution forbidding
members to do business in the interior.
The late hour at which the suspension of
the Bank of California occurred renders
it difficult to calculate the effect on other
financial interests at present.