New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-09-06

bank by depostors Of their cslber. some placing the
amount OF three checks at 100000 This occurred at
'me when the means OF the bank had been scattered
over thousands OF miles in property, part Of which
unpfoductive, aud was sufficient to bring about crash
without taking into account the demands for the
men OF the crops, all OF which, besides being legitimate,
were to be foreseen. II anything needed TO
account for this disaster, it may be found in
that law Of moral gravtation, whose unseen but
certain attraction pulls resistlessly and is syrony
nous with fate. Mr.. RalstOn, though sue
cecdng to and continuing the personal sway
exercised by Mr. Mills, in respects different
man. RalstOn exaggerated type OF the prevalent
San Francisco millionaire. He was great reception
ist. If may the word. lie INDUCED in fno
try mansion, fac horses, fine dinners fine company He
entertained" and did not stint certain eXravagant
proiuseness, not unmxed with objectionable ostenta-
on characterizes many OF the noupedr riches OF this
city, and no two have their fangs openly pro
claimed just now as RIston and Sharon These lavish
tendencies however much they may divert the thought
less not calculated commend themselves to small
capitalists whose the result OF long years OF
sen-denal and the Bank of California had, for some
reason, lost good many of such deposltors Of late.
HOW THEY SCATTER MONEY IN CALIFORNIA
This leads remark that not the prolific soil
and auspicous climate of California maintain on a
large ale for long tine the apervadng extrava
gance in expenditures which here obtains. The whole
scale Of living is pitched too high while that of work is
pitched too low. There are too many diamonds, too
many 800 gold Watches many 500 silk dresses too
many horses for which $500 and upward have been paid
Ny meaning may be more clear when state that In an
extended from the Mexican boundary 10 the British
possessions covering than 5000 miles by land,
less than 80 white in the fields at manual
labor. few have driving reaper or team, but
the agricultural hand labor in Held and garden Ike
large share Of Tie indoor work. is done by Chinese Al
tie time have counted not less than 90 racetacks
most of them with spectators stands and appureaances
complete Nowhere The women as expenSvey
dressed. Tbeates thrive in the little towns. A
liquor shop the first place OF business established In
any settlement and is generally the best fitted and
paronized Those of San Francisco the most snowy
aud costly III the country. Tho practice Of drinking
have fastened itself all classes No one,
am told can be elected TO any popular office Who does
practice the habit OF pTOmscuOus tipping 1t IL SAID
that Senator Joness claims TO the gratitude of his
constituents arises from his procuring the new twenty
coin to be mIntcd, as this enables gentleman u
inv,e his friend to drink at the minimum rate lrsht
add that the liquors drank mostly from the East
though much Of tlcm from abroad, singuarly enough
the excellent native wines ana brandes being neglected
This is an indication of the and prOdiSaliiy OF
the country. There plenty OF evidences ON all sdes
Of this same indifference 10 thrift newspaper SOILS at
five cents in the streets of tins city, bat at ten elsewhere
in the STATE. BoOtblackinS is bit" Cdrc0hdnctoTs
return their tickets a. change FOR % cents hack from
uepid Traveller who vCntur,s 10 nsnuae that 1t Is TOO
lnnch In practice, five and eicen pieces are about as
scarce re in NewYork we of bulky half-dolas thcre
is gut Collections made in stout canvas bags and
ones pockets are loaded with the weighy nSinS
metal IL il a partial for the desire 10 return to
actual specie payments to be afflicted with the semi
barbaric round disks OF yellow and white metal known
10 our Old reOpe as "dOlJc eagles AID silver do'Is
No country can be thoOus ny prosperous III when there
ia no small change We ought 10 be able to bay some
thing for penny. What Is needed mot hat Is waniedl
here is a sharper competition and closer economy in
small Things An infusion of hundred thousand thrifty
Germans or Scotch would Drng things down TO Whole
some level TINE win bring 1t about.
An ELASTIC RECOVERY EXPECTED.
Tie eff CT OF this panic VIII rot Do lasting. nfr-
cuI Temperament and intense devotion 10 "lnck" VII
soon restore former conditions The Emperor Napoleon
was direct The savings OF his subjects into iehieS
by jealousy keeping foreign loans from the PlIs BourSe
If one had his arbitrary power he might with advantage
tax gold and silver mining speculation OUT o. existence
and supply in their stead something moro stable Gov
eminent bonds state bonds ana the Ike, are scarce here
and besides they pay Ave SIX per cent interest on
ar cost. and these uaDcers want 10 10 o. What n st
happen 10 country where money commands one TO TWO
Der cent per month interests Farmers, merchants, and
miners all over are paying such rates 1t needs panic
occasonay to convince that they Oat Of proper
range.