Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1875-09-07
oCR pCIY AZ JorRNALIsrs

For the interest Of the whole Pacific
Coast We are glad 70 note that . mildsr
tone has bssn adopted BY those jour
malls whose uttsrances during the past
tan days have seemed Indignantly hos
tile. nos only 10 the late President OF
the Bank Of California. but to the e.
iorta bang made BY il stockholders.
Directors and fisndA for the liqui-
dasion Of liz liabilities and eventual re-
sumption Of business. The suspension
Of the bank va . calamity second 10
none that oosld happen TO tho businse
interests Of this section. It~spsrmansnt
failure would have caused widespread
disaster and involved commercial ruin
to large. prosperous and profitable en-
tsrprisss. with which the people Of
Western Nevada arc intimately con-
nsctsd. Al the Axt crash. when every
thing connected with the bank was
In tumult. matters were undoubt-
sdiy considered far worse than
they have since been proved to bs.
The liabilities Of the bank were magni-
nsd and liz assets diminished. until even
the Directors themselves were fearful
Of liz absolute and irrstrisvabis failure.
In this exciting juneture. words may
have been uttered. acts may have been
performed which. In the Light Of subse-
qssnt events and cool Investigation. sp-
pear hasty and unfortunate. The eriti-
el period has happily passed. Through
The Joint efforts Of the public and the
Bank Directors. tho nnt business
attempted. I. g.. that Of securing to de-
position and creditors Of the bank the
repayment Of every dollar Of its indsbt-
sdnsss, has been well nigh. II not en-
tirsly, accomplished. We have never
faltsrsd In the belief that this would b
doss. We have psrsistsntly refused
credit TO rumors and statements
from hostile sources while other
and more reliable means Of infor-
nation were at command. In abort,
Ne have sndsavorsd 10 give favorable,
and Il the same time truthful reports
d Affairs connected with this institution
- they have progressed. and BY 90 DO
Ing. inspire and cement that confidence.
without which. the strongest efforts TO
redeem the credit and secure dspositors
Of The Bank. would have proved fruit.
lees. The tone Of those journals In San
nsncisco which have from the first
seemed inszplieably hostile 10 the Bank
Of California. has changed. They 70.
oog,iss The fact that In the effort to re.
habilitsts that institution. secure its
creditors and prolons Its usefulness,
the people are with tho gentlemen en-.
gagsd in that good work. Depending
on the public for support. il Is suicidal
70 obstruct its evident and
avovsd wish. While tho per-
soaal assaults OF the Balstia and Call
upon the memory Of Mr.. Ralston. can
not and will not b forgotten; with
every sfoft-vhethsr proceeding from
themselves or those Who, through the
whole Of this calamity. have been
stauneh defenders Of his honorable rec
ord-to strengthen public confidence,
restore trust in tho financial resources
Of the Coast. and tide over the present
anomalous and complicated state Of
business aifain, both here and else
where. vs are In full accord. AL per-
sonal attacks In the present situation Of
afairs can but Be regarded as injurious
and isjudicioss. and are to DO dspreca-
ted BY all who desire q return Of general
prosperity. Every journal should care
fully abstain from all ~imprudent utter.
sncss. and unite in advocating what is
plainly for the public welfare.