Ottumwa weekly courier. (Ottumwa, Wapello County, Iowa) 1872-1899, 1875-09-01
TELEGRAIIIIC.
FROM SAN FRANCISCO.

minutes past five close carriage
drove rapidly to the side door Of the
Bank of California and a gentleman
jumped out In a state of excitement
and ran into the Bank. In response
to inqiries the hackman said he had
just left the body of Ralston in charge
of an officer on the beach, near the
smelling works on the north part of
the city, drowned; supposed suicide.
Further particulars soon.
LIBERALIZATION rodc to Settings
Smelling Works Wharf and jumped
Off the dock.
In Mr. Ra'ston's clothes were found
a few dollars in money and his state
ment to the bank, but nothing having
tendency to show that he had com.
mitted suicide.
The body was conveyed to No. IL
Jackson street, the residence of Col.
Ralston.
A boy named Fcstns MOBILES states
that he saw Mr. Ralston before he
reached the bath house ;sa W him sit on
the clay bank near the smelling works
saw him tear up several papers and
throw the scraps into the water
Close search was made for tho pieces,
but none could be found.
He is also reported to have been
seen to drink the contents of phial
before going into the water. The gen.
eral impression is that no took poison
before entering the water.
SAN FRANCISCO. Aug 27-Ralston's
body was placed In a casket and taken
from his house 10 the residence of Col.
Fry. His funeral will take place on
Sunday, and an inquest will be held
tomorrow =. NJ.
The Bank Failure.
SAN Francisco, August 2S.-No
official statement has been made of
the condition of the Bank of Califor-
mia. The Directors applied to Flood
Y OBrien for relief yesterday morn
ing, and offered to present that firm
the entire paid up capital stock of the
bank, viz: five million dollars; also
one million dollars i'm the bank, and
one and half million dollars also in
addition to be assessed on the stock
holders-in all seven and half mill
ion dollars, provided Flood & O'Brien
would, for this consideration, assume
the liabilities of the bank. The
proposition was declined. That bank
had no doubt but that the liabilities
are fourteen millions. The available
assets are not far from seven millions
which had shrunk considerable
before concentrated.
The true condition of the bank has
l 1nl Al
to yesterday. The Directors met at
one O'Clock yesterday, and had full
meeting. Mr.. Ralston soon entered.
Mills probably asked Ralston to re-
sign his position as President of the
Bank. Ralston complied with the
request at once. Mills then asked
him to leave the room. He did so
The Directors were still in session
when the news was brought that Raj
stOn had drowned himself.
The true condition of the Bank had
been concealed from the Directors
They professed to be astonished al
the developments. The stockholders
will loose their stock and to pay all
liabilities will have to stand an assess.
ment of probably fifty per cent
Some three millions of liabilities are
in the form of acceptances for adyan.
ces made by our leading capitalists to
strengthen the Bank. Governor Stan
ford holds four hundred thousand OF
the acceptance.
SAN FRANCISCO, August 2S.--The
affairs of the Bank of California have
been put in the hands Of an execu.
tive committee consisting Of w. NJ
Alvord and George III. Howard.
ID. .. Mills, ex-prcsident, has not
owned share of stock for the last
three years.
A statement Of the condition of tho
Bank has not yet been prepared. hui
rcilaDfc Information shows that the
liabilities will be upward Of fourteen
millions. The stockholders will
probably have to be assessed from
forty to fifty cents on the dollar tC
pay off liabilities.
The following are the names OF
some of the principal stockholders
Barron Estate, Thomas Bell, Nicholas
Laling, Moses Ellis, Captain j. b
Thomas, Asa Il. Hampton. George
Howard, William Norris. John o.
Earl, John PARROT, ID. j. Tallant
Michael Reese, ID. o. Ellis, MARI
Livingstone and o. +. Gitiin.
| SAN FRANCISCO, August 2S.-Tht
excitement in the streets is subsiding
The banks anticipate no trouble
during the day. The death of Ralstor
forms the principal topic of converse
ton. Flags are at halfmast through.
out the city in respect and sympath,
for the deceased.
Later information tends strongl,
to disprove the story of suicide, and
the statements of the attending ply.
sicians go to show that his death
resulted from apoplexy while swim
ing in the Bay.
Ralston transferred all his property
to Senator Williams and Sharon foi
the benefit of creditors, and Mr.
sharon, i'm receiving the trust
pledged his honor to stand by his old
friend to the last dollar of his own
private fortune.
Alta meeting Of the Trustees of the
Bank of California yesterday, Ralston
promised that if the management
was left in his hands, he would pay
dollar for dollar to depositors, and
fifty cents on the dollar to the stock
holders, but after an exciting discuss
ion it was decided to accept his res
ignatiOn. Considerable difference OF
opinion exists among leading stock
operators as to the effect Of the failure
on mining shares when business re-
opens; some claiming that it will
have beneficial effect, especially
as regards the Bonanza mines
that those controlling them will now
have better facilities tor working them
~ the mills owned by the hank party
will probably DO passed iRto their
handle. Others take q less hopeful
viAW ~ tho attn tfnu