The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1875-09-01
THE BRnKEN BANK.
The Directors Reticent.

SAN FRANCISCO, Aug. Ex-senator Sharon
was interviewed last evening, with regard to a
statement credited to him, that the Bank OF
california would resume business. He stated
10 reply to direct question, 1--WE are moving
heaven and earth to reopen. 1t is possb e
ana not improbable that thebank will resume.
In reply to question as to rumOrs of over
issue OF stock, the substitut'on of worthless
paper IN envelopes which had contained coliat-
erals, aud other fraudulent proceedings. he
said, II know nothing about It. l have not
been amongst the clerks or in The vaults"
Mr.. Bell, one of the directors, in reply to
similar questions last evening said, Il know
nothing of the kind"
The Inquiry into the Canse of MIR. Rails
toms Death
The coroner's inquest in the case of Ralston
was resumed this afternoon. The report of the
physician who made the post mortem examin r.
ton stated that the deceased died of asphy Xia.
The analysis of the stomach is not yet complet-
ed. but will be given to the jury Friday after
noon.
This afternoon an attachment was levied on
the real estate of the bank of California at the
instance of Adolphe Shinek. who claims to be
creditor to the amount of $685.
The Failure Entering into Politics.
The financial situation develops no new
features this morning. The National Gold
Bank and Trust Co., and Merchants Exchange
Bank remain closed. The election tomorrow
begins to engross large share of the public
attention, which is heightened by contradictory
reports, and is believed to have a political sig
niticance as to the condition of the Bank of
California and the prospects of IFS resuming.
Contradictory Opinions.
Evening-No new facts are developed con-
corning the resumption of the Bank of Ca flor
mia. By >me ,he statements are regarded as
AN electiOneering job, though among business
men there seems to ne considerable disposition
- oI:A FL
confidence The general impression, however,
seems 10 be that if resumption takes place it
will not for few weeks.
There is nothiog later from the National
God Bank and Trust Co. or the NJ rchants'
Exchange Bank. Both are engaged in gather
ing coin for the r. sumption of business.
A Doubtful Story ihnt the Bank wi have
a Surplus Above its Debts.
NEW YORK, Aug. 3l.-A special from San
Francisco s,ys 1t is reported among leading
bankers and Others that he nves igat;ou by
the directors into the condiuon of the bank of
California shows that the assets of tn. bank
will reach $4,000 900 while the liabilities are
$4,000, 900, show ng surplus of $4,000 600
which may shrink to $1,000 600. l. is also BIZ
leve that the bank will sumo business with
in sixty days.
More Attachments.
ALBANY, Aug. 81 Judge Brady today
granted an attachment against the property of
the Bank of California in this state, at the suit
of James d. Harper and James 81 Goodby,
brought on biz of exchange by the defendant,
drawn on the Oriental bank of London for
$4,000, being pr ,tes'ed.
New YORK, Aug 31.-Judge Brady has is
sued further attachments against the Bank of
California property in this state on suits in
stituted by the following depositors: Samuel G.
Cover for $4,000; e. NJ Thebault for $500; E.
M. Tbebault for $43, 554.
Mvsterinu~ n;suuneu nm ,,co a ,l,-.n ..d ..
half millions Of Assets.
SAN Francisco, Aug. 23-It is known posi-.
lively that from three to three and hall 1mil-
lions of assets of the Bank OF California have
been verv recently distracted without the
knowledge of the directors. How this has
been done is not known at present. The di
rectOrs are still busy examining the affairs and
it Is not known when the report will be ready
One of the most prominent members of the
board says that the rumor that the bank will
positively resume is premature; that an effort
is being made to reorganize by promising
guarantee fund to liquidate the affairs of the
bank and afford means to resume business, and
the responses of those approached are encnur
aging, but no hing can yet be stated definitely
The same gentleman says Raston used the
funds of the bank to get himself out of scr pe
The directors Themselves do not yet know the
actual state of affairs. 1t is given out that he
nominal assets are $1S.000,000, with the liabili-
ties about 1900, 900. but from the best infor
nation at present obtainable it is believed the
reliable asset. will not be sufficient to pay the
dep sitors over 80 cents on the dollar, the
stockholders losing everything