Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1875-09-07
RALSTON.
The san Francisco Cali and "BulIe-
tin.' .'.and ID. -. Mills. on the State
mcnI Of His DefaIcatiOu.
Movements at The Treasury Depart
ment at Washington in Aid Of
san Francisco Mer-
chantS-EIc.

NEW YORK, September 6.-The Her.
! dLd has long dispatch from San Fran.
! cisco dated the fifth, in which the CORE.
sp0udent says: "TSe assignment by Mr..
Rslston Of bis property to Mr.. Sharon
on the morning OF his death will cover
! all bis iudebtedn in every direction,
and leave to his family about two mill
! lion dollars. The Indebtedness charged
| to Mr.. Ralston was not personal, but
| that which has grown out of cid which
the bank has openly given in the way
| OF loans to industries throughout the
State, and which are worth infinitely
more than the Indebtedness to the bank.
! A meeting Of the friends Of RslstOn is
call for Wednesday evening, in the larg-
est hail Of the city, with view OF de.
Tending him against the charges of the
Bulletin and CAL. | am told that d. o.
Mills wants to stop the meeting, for if it
proc eds the Bulletin threatens to eX-
pose him as the authority who furnished
them statements against Ralston's ad-
minis.ratiOn Of the banks affairs. Ali
the other directors OF the bank are
willing thst it should take place.
The subscriptions to the syndicate, or
ganized for the control of the Bank Of
California, aggregates nearly seven mil
lion dollars with probable prospects of
its increase to ten million dollars. In
addition TO the subscriptions sll sub
scribers will give it their business and
most of them will make deposits of from
fifty to one hundred thousand dollars in
gold coin at once.
SAN FRANCISCO, September 6 There
i5 nothing new in financial circles this
morning. 1t was reported yesterday
that the National Gold Bank and Trust
company would reopen this morning,
also the stock boards. The reports in
both cases were premature.
Your agent is in a position to state
positively that Mills does not deny the
statement attributed to him in the dis
patches OF Saturday, relative to Rals-
toms defslcatiOn and oveT-issue ofstock.
AS regards the statement that an assign
ment to Sharon of his property covers
the debt, leaving surplus OF two mil
lion dollars, is that it is doubtful if the
amount will cover his defalcatiOn. It is
not to be supposed that these things af-
feet the prospect of resumption, as they
have been taken into consideration ia
the arrangements in progress. The
treasury to-day redeemed notes of the
National Gold Bank and Trust company
to the amount Of seventy-fiye thousand
dollars.
WAsHINGToN, September 6.-Appli-
cations have been received AZ the treas
ury department to-day for the trans er
of about one million dollars iD gbld from
New York to San Frer ci@co, IN, inly for
commercial purposes. T. { applications
were from ten pelsDu- -. "a" istter city.
The treasurer hOEes a. -. ',s'-f about
half million dOl.ars Su-InoIIo -, which
will be distributed pro rata among the
Since the suspension of the Bank of
California the directors of the mint have
had directions to stop the coinage of sill
yer and resume the coinage Of gold;
therefore q million dollars in coin in
tended for the purchase of silver, not
being needed, five hundred thousand
dollars of the amount was returned to
the assistant treasurer last week, and the
other half million will be returned to-
day or to- morrow, when he will comply
with the present request for the transfer
Of one million.