The daily Argus. (Rock Island, Ill.) 1873-1877, 1875-09-02
- && eMM ~ - " 8m RGS~k
The Public Debt Reduced
81, ,5S5. 900 in August.
The Treasury still furnish
ing Gold to the Califor-
mia Banks.
The Bank of California.
Its Assets $40, 600. 900 and
its Liabilities $4,000. 900
The Merchants Bank to
Resume on Monday.
Attachments against the
Bank of California.
Will the Western Union
and Atlantic & Pacific
Telegraph Co.'s be Con-
solidated?
.
Sale of Short-Horn Cattle
at Desmoines.
Accidents, Drowning. Sui
cides. Murders, Fires.
Etc, Etc.

of the public debt during August was ST.
$685. 900; coin in treasury $7l. III, ,272;
currency, 81 G02, 365; certificates. $l,761,-
500; legal tenders, 1914, PAS, ,708.
Public debt statement: Matured debt,
$lS,OOO,OO0; legal-tender, 1914, ,3l5, 900;
fractional currency, $4l, $1,000 coin GER
tifcates. l7,6OO,000 total without inter-
est. $497, ,S5l ,OS4; total debt, So, ,239, 1885,
644, total interest, $20,000,00O; cash in
treasury! coin, $40, 100000; currency. g.,
100000; special deposits held for re
demption of certificates Of deposit, $64,-
780. 900; total in treasury, $40, $4,000;
decrease of debt during August, 81, $685.
900; decrease since June 80, $2,879, $50.
Upon inquiring to- day the secretary
and controller of the currency said the
treasury holds 1000, 900 of United States
bonds, worth premium of from 5 to I
per cent, as security for the redemption
Of the gold notes issued by the National
Gold Bank of California, which is S2,40O,
900.
The treasury department having been
informed from San Francisco that little
over half million of the bullion fund in
that city could be used in business. that
amount of coin transfers was apportioned
to parties asking for transfer. The appli-
cations were largely in excess of the means
of accommodation.
SAN Francisco, Cal, Sept IA rumor
has obtained crsdence that the analysis OF
the stomach of Ralston has revealed evi-
dences of poison. The coroner this even
| ing states emphatically that no hint to that
effect has been given, and that the assump-
ton is entirely gratuitous.
SAN Francisco, Sept. The nominal
assets of the Bank Of California are about
$4,000, 900; liabilities about $l4, 100000.
1t is thought the reliable assets will pay
the debts. There is nothing new from the
National Gold Bank and Trust Company
or the Merchants Exchange Bank. Both
report fair progress in obtaining coin for
resumption.
The Merchants Exchange Bank will bt
open tomorrow morning. The president
states personally that sufficient amoun
of coin has beed collected in the regular
way Of business to enable the bank to NEE
all demands.
4 NEW YoRK, Sept Information ha
been received from the Merchants Bank o
San Francisco by their agents in this city
Kountz & Co., who say that the assets o.
the bank are over $6,OOO,OO0 while tn,
liabilities are less than 81 100000. Mr.
Kountz said the bank was in good conserv
ative hands, aud thought they woul,
decide to resume business in very fey
days.
The British Bank of North America ha
obtained an injunction restraining Laidlo,
Bros. from disposing Of certain bills of ex
, change remitted to the latter firm by tn
Bank of California and supposed to be o
their way to this city from San francisco
A dispatch from Washington states tina
. arrangements have been made for immedi
I ate resumption of business by the Merch
I ants Bank Of San Francisco.
Al Attachments against the property of th
e Bank of California in this state were grant
, ed by Judge Brady this afternoon in suit
r amounting to $4,000.
a Sydney Dillon, one of the represents
tives of the Atlantic and Pacific Telegrap
e Company, in conference with the repre-
. sentatives of the Western Union Telegrap
Company, denies that any proposition il
a volving the sale or lease of the Atlanti
e and Pacific lines on q basis of 20 G
25 per cent. of its capital stock ha
; been suggested or accepted, He ais
ldenies that the negotiations with th
Western Union company have been brok
en- off on account of proposition froI
the new National Telegraph Company
} nor is the president of the latter on hi
way East to conclude negotiations. Som
. months ago Mr. Cohen, on behalf Of tn
new company, made proposition to tn
Pacific company, expressing desire
!. purchase the latter's lines or to fuse the
rt interests, but nothing more has been hear
from him since. The story about pr
, vision In the bylaws compelling tt
! Atlantic and Pacific Company to adve
y tise for six weeks before the sale, Mr.. Di
Ion pronounces absurd. The best inte
ests of the company he represents will
subserved and the parties who bid hig
enough will get the line, no matter wi
they be.
u The we'll informed financial writer
: the Times, 10 his review to-day says Il
decline in Western Union yesterday W
4 assisted by reports that the propos'
: consolidation with the Atlantic and Pa
> fc is not likely to take place.
!. The treasurer of the Erie railway stat
] that the company has been enjoined fro
paying interest on consolidated NOR tga
- bonds, They are, however authorized
b. pay interest on the second and third mo-
re- cages, due to day.
s1ss The executive committee of the We
as ern Union Telegraph Company met tot
and did not accept the Atlantic q Paci
Telegraph Company's proposition.