Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1875-08-28
LATE TElEsRAMs.


russs. In sAs Geld asd ssssk
Exchanges heavy rransers 81
Geld - Caliasrnia Being nsAe
~ shs Trsassry DsDassnssss-
Csaasass 90 shs PFsss-Ess-
NEW YoRx. August T.-financial and
circles were thrown into .
stats Of the greatest excitement at the
opening BY the report of'ths suspension
oil the Bank OF California. and for .
time there was the utmost confusion in
the Gold and Stock Exchanges, the
prices riding plump TO 1l4k while stocks
declined from I to 2 per cent. Al the
opening Of the Stock Exchange there
was . rush 10 sell, and for . time the
noise and din was equal 70 Q hrst-ciass
panic. A reasonably fair idea OF the
Immense business, and The din and
racket attending Il, may b formed when
ii 10 stated that up 10 the closing OF the
Board the amount Of shares transacted
reached over seventy-four thousand.
The anxiety to sell at arst was marked.
and the prices dropped quickly and
severely. After this sudden decline,
however, number OF stropg buyers
stepped into the market, and before
closing thsrs vas q sudden rally.
News Of the suspension OF the Bank
Of California this morning produced
considerable excitement among deposit
or. and creditors generally Of that insti-
tutisp in this city. Tia oflcss Of Laid
low & Co.. agents Of the bank In this
city. have, aimee the opening Of their
doon, been throngsd with anxious in
quirsrs. In obedience to instructions
received by telegraph. no checks we're
cashed. The senior member OF the frm
was asked for information concerning
tho condition Of the bank. and the af-
fairs OF Laidlov & Co. Independently OF
their agency for the Bank oil California.
but be replied that he could say no.
thing. Ameng the visiton-and anI-
ious to obtain money for ~papcr-wsre
four or Ave Cinnamon. who persisted in
lingering about altar they had been As
sured that their paper could only Be-
cashed in San Francisco on presentation
at the bank. Us
Fisk 4 Hatch say the bank had no in
tsrest as investors In the Central Pacific
Railroad. The Secretary Of the compa-
ny in this city confirms this statement,
but SAYS the Central Pacific had an &c
count with tho bank. and had mads
loans from II. He had not heard that
tho condition OF the bank had been con-
sidered unsound by bankers. Persons
interested In the affain OF the bank are
positive Ia their assertion that the bank
will resume after q short time, and will
b able 10 fully satisfy all tn creditors.
Bankers here have shunned their
bills, from the fact that in the last sixty
days most Of the bills offered In the
market have been these OF other institu-
tons, Endorsed by the Bank Of Califor.
MIA. Their inference has been that the
Bank Of California had hypothscated
securities with those who lent their
bills, and that this borrowed exchange
wis used 10 obtain funds needed 10 carry
on the large operations Of the bank. In
the borrowed bills which have % ap-
psarsd, vero those OF the Bank OF Bit
ish Columbia and the Bank Of British
North America.
Lidlow & Co.. agents here OF the
Bank Of California. have not suspended,
AMI are paying eAeeP' INC
Bank OF oaiiIornia ooagau1ns.
WASHINGTON, Aug. H,.-hsA,y unn
by the Treasury to-day. In support OF
the hanks Of that State. Upon official
notification bcing received at the De-
PaI',nsn' mn sssse,s 81. me AMI nav.
,rs uspoe soy ~ ...l.asan
- Wv lo'.. s.e
ssh. 70 gan rtnneiseo P'asing 70
the tespesu'e Ssnss maA'nR sucn ue-
pos,ts IN Nsw iotk. inus IAi over =
miiion voilafs nave ossn sIansieffsd.
Nkw ioRk. Angus. A.-Norveh' tne
veteran nnancia, eai,or, said IN yes1er-
days Co.n"ssrcsda Adcerflssr: "Ihero
Is something Of an uneasy feeling. or
rather q vague suspicion, a 10 the situa-
ton in certain banking quarters hore
and ON the Pacific Coast. but on careful
inquiry We do not ind that anything has
yet occurred to justify this concern in
The direction Indicated The same
writer says to-day, referring to the Pa
cine Cosst IslseraPh Company: I'VE
are Airaid 'na,a soo1 many OF Ia.
chic Coast dollars viii be found stuffed
with straw before their hve-miiiion ho-
tells. twenty-miiiion water works. hum
dred-miiiion railroads and big bonanzas
generally are all settled up. Some OF
their ranks are kites with very long
tails, q u would DO well Tor these rich
men TO pause In the mad career OF their
financial prosperity before adding cleo
trieity Q o movement /.
Inc new iofx agency OF inc Bank Of
Oaiiiorn,a nefs nsa paad large sun OF
money Tue nooeis MeiIane before 70.
ceiving the order 70 stop payment.
Editori.iiy commenting on the fall
afe OF the pan OF California. the
htS",ng foa the bank fol-
oweea ieciIma1e banking business It's
strength miso nave oeen N enduring a.
tune, ou. us IaIurs Shows nat even me
suongest must CONFORM 70 law vhisn
eiPenencs nss Ptsss,ioed OF must SUD
NIT 70 inc inevitaois penaiues which
follow . departure non them. The
BANK OF oaiiioinis nas nmply soused
It's credit and nas poem ovsrtaksn oy the
consequence. 49,,
Losses II Eastern s,ates viii % eniei'
" oy reason OF purenases Oh stefiing
bllIa oil the bank. Ino1D VIII De limit