The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-09-04
THE CALIFORNIA FAILURES

GREAT IMPROVEMENT IN THE FINANCIAL OUT
LooK-coNFIDENcE IN THE BANK OF CALI
FoRNIA FREELY AND FULLY ExPREssED-HALF
MILLION SUBSCRIBED BY THE STOCK Ex-
CHANGE.
SAN FRANCISCO, Sept g. 1875.
The affairs OF the Bank OF California progressing
favorably. In an interview with a prominent gentle
OF the directory this afternoon assur-
ances were given that the best prospects existed
for speedy reopenng Guarantee capital
to the amount OF several millions has been
already subscribed, and is promised.
Creditors exhibit disposition to grant
reasonable extension their demands, and stock
holders without exception far seem express their
willingness to enter into the proposed arrangements
Further examination the state of the assets war
rants the assertion that their condition than
at first supposed.
The directors at present prefer TO make public de-
tailed statement as to the and liabilities, though
Information was privately Afforded assist in giving
general knowledge OF the condition of the bank which
goes far TO confirm the recent favorable reports No
definite time is stated for the resumption.
BROKERS'
At the meeting of the Board OF Brokers this forenoon
It's President proposed that the Board should subscribe
$3.50 600 to the guarantee fund of the Bank OF California
III was instantly done, ana lew minutes alter lndlVld
ual members subscribed $500, 900 more
While the great brain of Ralston was ot the head OF
the institution capitalists took little than pass
ing business interest in It, but during the few days of
its suspension they have realized what
power 1t in the land, and they hasten to
pour into its treasury their great wealth
TO resurrect in greater power and glory Instead OF
opening with So 900 Of guaranteed fund will have
10000 600, and more II they desire it The Secretary
informs your correspondent that nearly $1,000, 900
have been already subscribed toNhis fund Of capital
and that moneyed are coming to the bank without
any solicitation and subscribing freely 1t is a very
popular movement with business men.
THE OPENING OF THE BANK
80 day fixed for the opening Of the bank but II Is
likely to be earlier than what has already been stated
ASSOCIATED PRESS DISPATCHES
Tho dispatches OF the Associated Press univer-
sally condemned and the HERALD as usual is found to
give reliable news
FOUND
The chemist who has been engaged for six days max
ing chemical test of the stomach and contents of the
late Mr. Rason reports this afternoon that the most
perfecttest failed to discover the presence of any
sral poison whatever but the jury returned the follow
ing verdict
THE VERDICT
On Friday, August 81 1875, Mr.. Raston, accord
Ing TO his habit OF bathing then proceeded to the North
beach for the purpose Of bathng he every
sonabe prccauon to reduce his bodily temperature be-
fore entering the water he carried by the food tide
beyond his powers to return and his exertons reach
the shore added to the shock his system by contact
with the water while he overheated produced
congestion of the brain and vital organs. His death
was caused by such congestion, and secondly, by
drowning. The jury unanimously of the opinion
and do find that Mr. Raston's death was accidental
AFFECTION THE PEOPLE.
This verdict will change in nothing the general i'm
preston about why he went into the overheated
and got within the flood tide Be it 1t may he has
the affection of the people and will live forever in their
memory q grent man