The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1875-08-31

ot taking no aClloi Will T'GaIu !" ''Ho-
lutions to the memory Of RaIston was
adopted with only one dissenting vote
Merchants Exchange Bank Does MOI
Open.
The Merchants Exchange Bank did
not open this morning in accordance with
the almost positive assurance Of the
Secretary given yesterday. 1t may pos
sibIy do SO during the day, but 1t Will
depend on the success OF Investigations
now pending The officers are apparent.
ly somewhat less confident Of immediate
resumption than on Y, ,strrLat but say any
delay will merely be temporary.
The Gold Bank and Trust Company
are still closed and are unable to say
when they will resume, but say the out
look is favorable.
Causes Demanding BaIstOn's Resis-
nation.
SAN FRANCIsCo, August 3O-A pro-
mnent banker reports that the imme-
date cause of the demand by the dircc-
tors of the Bank OF the Bank OF CalIIor-
ma tor Rulston's resignation, Was the
discovery by the directors during the IN
vcstigution of II lot of bills receivable
from irresponsible parties aggrcgating in
the ncighborhood Of II million dollars
with no cuIlatcrals. 1t was also reported
that it WA, intended by the directors to
nave subsequently, called liHl-t"n int"
their council to avail themselves OF hI-
intimate knowledge of the business of
the bank.
RuInorS are anoat this morning of an
attachment issued against the Bank of
California, but reference to records shows
nothing uf the kind n yet 1t Is reported
that some heavy stock brokers and others,
who have borrowed large sums, in one
ease amounting to half million dollars,
iur the benefit of the Bank ui California,
secured by their own bills, payable with
stock of the bank, are likely To become
heavily involved. The stock Of the Bank
of California, can not be given a way nj
present. Collections to-day, are thus far
progressing with mutual feeling and ne
cummodution among business men. j.
is difficult to ascertain how matters stand
before evening.
The fun cral services Of RalSton is now
being held at Calvary Presbyterian
Church, corner Gcary and Powell streets
The obituary services were conducted by
Rev. John ID. Hemphill. The genera.
guard was largely represented. There
are also many civic and benevolent as>o-
clations, officers and employees of various
manufacturing enterprises, corporation,
educational and business bodies, and al
immense concuurSc of citizens. The ilags
of the city are ut half mast, and many
business houses are closed.
imposing Funeral ObscquIcs.
The funeral of Rolston to-day, was the
most imposing obsequcs ever witnessed
in this city. The services were conducted
at Calvary church, which was crowded
to lis utmost capacity, and decorated with
flowers and funeral wreaths. \ con
concoursc of citizens, numbering proba
bly, 10000, gathered around the church.
After the services at the church the
procession, consisting Of II battalion of
cavalry, three regiments of infantry, and
artillery, Tcmphr Lodge, Odd Fellow,
clergy and hcarse with the following pail
bearers: K. F. Morrow, VIM. Barring, F.
d. Y. Mills, II. p. Walker, William I.
{, leman, G II Howard, William Shar-
on. d. d. Cotton, 5. NJ. Wilson, William
Award, John o. Earle, Lewis a. Garrct, /
VI. Livingston, Theodore :. Bell, |
George :. Dodge Peter Dona.
hue, Colonel W. II. l.. B"lnes,
Hon. Ogden Hoffman, Hon. Corneliu,
Cole, W. X. Nandersice, W. X. De'.
riech, A. \. Cohn, Charles Clayton, |
and Company & First Infantry, guards .
of honor. The hcurSc was followed ty /
the clerks of the Bank Of California, Re
gents and Faculty of the UnivcGsit:, /
members of the Board of Commerce,
San Francisco Stock Exchange, Paciti, /
Stock Exchange members and friends oi
the family in carriages, officers ana en-
ploves of the manufacturing con
Germs in which the deceased had
been interested, and concourse
of citizens, numbering thousand,
brought up the rear. The services Mt the
cemetery were conducted according to
the rites of Odd Fellowship. The streets
on the route of the procession were lined
with people, and there was a great gath
ering at the cemetery.
4 Sign fcant Statement.
The San Francisco Commercial cor
respondent OF the record of the Union, Il
we'll known writer, and ole who has
heretofore taken pretty favorable view
of all the movements made by the man
agers of the bank makes the following
significant statement: Meantime the in
vcstigation by the trustees into the affairs
OF the collapsed bank has proceeded, and
some facts have gradually became known.
that excite II good deal OF anxiety, for.
the coming report will make known the.
worst. 1t can be stated that the condi.
ton of the banks affairs is far worse than
dreamed Of, and that the executive COM
mittce and board OF trustees, whose duty
il is to verify the monthly
exhibit made by the managers.
has been systematically deceived for
som, time past anthese monthly exhibits
have failed to give true account. Ever
if the statements that are made in wei
informed circles aS to improper rntrir
upon the books and important oblig'