The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1875-09-02
EFFECT OF THE SUSPENSIONS.
assistance Rendered BY the Government
SUICIDE OF PRESIDENT RALSTON,

| =
SAN Francisco, August H.-The ex'
citement seems to be subsiding, The
crowd on California street is much less
than at the opening ofbusiness this morn
ing. The run OH the London and San
Francisco banks has ceased, with large
surplus remaining on hand. A slight run
was made on the Anglo California at the
opening but soon subsided. The First
National Gold Bank reports everything
OK. The same may be said of the Bank
of British Columbia, and the Pacific and
Commercial Bank. Private banks all re-
port no excitement and everything going
on as usual. Generally all city banks
are considered sound except the Bank of
California.
Mr.. Ralston this morning says nothing
in addition to the statements of yester-
day. Many rumors are current as to the
condition of the California Bank. One
statement, apparently from good author
ity, is, that the bank will pay depositors
in full, and stockholders fifty cents. On
tl.e other hand, a prominent stockholder
saws that the utmost the bank can do
will be to satisfy the demands of deposi-
tors. and scarcely that There has been
little rush at the Hibernian Savings
Bank, but the demands were promptly
| met within the bylaws. Generally
speaking, confidence seems returning.
But little uneasiness is felt as to the
affairs of either The National Gold Bank
Trust Company or Merchants Exchange
Bank. The former reports the probabi-
| lity of soon resuming, though unable to
| fix the time Abundance of available
assets is only awaiting the reception of
coin. The president this morning states
they paid out about one million dollars
Yesterday, with a small supply left. The
| Merchants Exchange is believed to be
sound. The suspension is only tempo
rary.
OTHER FAILURES,
The National Gold Bank Trust Com
pany and the Merchants Exchange
Bank have suspended. The directors Of
the latter have prepared the following
notice for the afternoon papers;
In consequence of the excitement, and
the disappointment in getting coin, the
Directors deem it for the best interests,
and the interests of all, uot to open our
doors at present. The secretary states
that the bank has 500 900 in coin on
hand. The amount liable on deposits is
S800000, but against that may be over
100000 in notes. The bank is perfectly
solvent, the only trouble being lack of
coin, There is a run in the London and
San Francisco Bank, but Manager La
than asserts his ability to meet all de-
mands without trouble. Crowds sur
round the Bank of California and the
suspended National Gold Bank and
Trust Company also the Savings Banks
but the action of the officers OF the latter
institutions last night efectually pre-
vents run on them. The excitement is
great.
STATEMENT OF NATIONAL GOLD BANK.
The National Gold Bank and Trust
Company have sent in the following no.
tice for publication in the morning
papers:
"In consequence of the panic, and the
impossibility of getting gold, the Nation
al Bank and Trust Company will close
until further notice. The bank has ST.
100000 above all its liabilities, and as
soon as coin can be obtained, will re-
sumo business as usual. In the mean
time, any creditor desiring can have
good assets of the bank to the amount of
his claim. By order of the Board of
Trustees"
[Signedl HENRY IL DAVIS, Pres't.
City Tax Collector Austin has two
hundred and seventy-fve thousand dol
lars of protested tax monies on deposit
in the Bank of California for which he
has certificates of special deposits. The
directors assured the collector this NOR
ing that the money would be paid in
day or two. A rumor which is not yet
confirmed says that Ralston has turned
over his private means to the bank.
SUICIDE OF PRESIDENT RALSToN.
About ten minutes past five o'clock, a
close carriage drove rapidly to the side
door of the Bank of California. A gen.
tleman jumped out in a state of excite
ment, ran into the bank, and in response
to Inquiries said he had just left the body
of Ralston in charge of an officer on the
beach, near the smelling works, in the
northern part of the city. Ralston had