The Worthington advance. [volume] (Worthington, Minn.) 1874-1908, 1875-09-10
The liabilities of the Bank Of California are
about. .efa, ,0oo, 900 and tho assets not far from
81. .000. co., ssSi :.i

1860, ,O09.1 / E ~
There was nothing new in ne financial sit
,uation in San Francisco, on:t the 9Th inst 1t
was currently reported that the National Gold
Bank AID Trust Company, would reopen on
tile 6tE, and also the stock boards. The re-
ports in both cases were premature.
'ferred} all his property to Senator Sharon, Of
Colorado, for the benefit Of his creditors.
Up TO September 4, the total amount OF
gold transferred to San Francisco banks and
business men was e2,6ol 600: Another halt
mill on was transferred on the 9Th from the
bullion account of the mint.
Do. Mills Of San Ffanciseo, California,
authorizes the statement that the defalcation
Of the late president, q tile Bank Of California
will amount toa<tveen three and four million
dollars, and that an over-issue of stock has
been discovered.> It is not supposed this will
in any way prejudice the arrangements now
being made TO rehabilitate the bank.
1t has been reported that the bank of Cali
fornia was largely indebted to the U. S. Mint
there. The bank has been refining for the
mint and the supposed indebtedness was said
to be incurred through that channel. The
superintendent of the mint states that
on the contrary the mint owes the bank $685..
600, payable on demand.
The secretary Of the U. s. geological survey,
has received particulars Of an engagement
which occurred August 18th, between Gardne,
and Gennett's parties OF Hayden's survey and
a band of Indians near the line between Colo
RADIO and Utah and near the north line Of New
Mexico. The fight lasted twenty lone hours
and resulted in the loss to the Gardner and
Gennett party Of all their baggage and nearly
all their provisionr, but the men all escaped
without injury.
The Catholic priests Of Morristown, N. Y.
from their pulpits Sunday the 9Th instant
took occasion to call upon each Catholic votel
to scratch four OF the proposed amendments to
the State constitution-those relative to public
schools and forbidding appropriations Of pub.
lie money for sectarian schools. There is con.
siderable excitement, and tits expected Prot
estants will gather in force to vote in favor o.
the amendments above specified.
Applications have been received at the Treas.
ury Department., Washington, D. c.,
tor the transfer Of about one million dol.
mainly for commercial purposes. The appli-
cations were from r. sidents in the latter city
The Treasurer hopes to be able to transte,
about half million dollars on the 7th, which
will be distributed pro rata among the appli-
cants. Since the suspension Of the Bank ol
California the directors of the min,
had directions to stop the coinage of silver and
resume the coinage of gold. Therefore mil
lion dollars in COIN intended for the purchase
of silver not being needed, $500, 900 of the
amount was returned to the assistant Treasurer
last week, and the other halt million will
be returned in few days, when he will
comply with the present request for transte,
Of a million dollars.
The trade with the South is opening bet,
ter than was calculated. A good business was
expected with the West, aud there is no dis
appointment. The trade Of New York
with tile Middle and Eastern States is
small as it was expected it would be, because
OF the depression in manufacturing interests
With the agricultural sections hourishing
however, it is but step to improvement in
manufacturing. There is more caution and
prejudice manifested in trade this season thar
there has been since the panic, and it is safe
to assume that whatever business is done will
he done on q safe basis
The situation of the Union Pacific and Cen,
trail Pacific is practically unchanged. The watel
being too high for any work to be done. Tht
railroad proposes to put in a line of wagon.
and transfer between the points where thu
trains stop.
The New York and Erie Bank, of Buffalo
N. Y, of which the late Jno S. Ganson wa,
president, did not open its doors the 9Th inst
Its rumored that large Indebtedness through
outside speculation is the cause. The capita
of the bank is &3OO, 900.