New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-08-31
THE INTEREST IN THIS CITY.

.NxrrTy IN REGARD TO OTHER BANKS IN SAN FRAN
CIsCo-sHIpMENTs OF GOLD FROM THE SUB
TREASURY sTOPPED-LhD Aw co. CONTINUE
IN BUsINEss-THE BANKS PRoPEhTY ATTACHED
RALsToN's PERSONAL HABITS
Although the subject of the failure of the
Bank Of California formed only small part OF the con
versaon Oh Wall-st yesterday morning, there was an
anxious feeling generally expressed III regard to the de
velopments of the day San Francisco which was set
Element day among the banks there AS there are over
three hours difference in time between the two ces,
nothing from San Francisco in regard TO the opening
of business Monday morning could he known mere uII
O'Clock During the afternoon yesterday the following
dispatch received at the teegraphe agency OF D. D.
Kiclnan & Co. from san Francisco:
The Merchants Exchange Bank did not reopen lGs
morning as expected and rumOrs Affecting us soNeng
are ahoat large number of mercantile houses have
suspended pay mens for the day. owing to II being an
soincly impossible to obtain money great amount VI
tse streets RalsOns funeral IL absorbing general ch-
ton II is the greatest demonstration ever gen Her
1t stated good authority tha nc reason OF e i,dnh
of California directors III calling for alston csEna"n
was their discovery OF over flOOOOcO Dtg !odheu 10
various parties without security:
Inquiry at the office OF the subTreasury. on Wallet
elected the statement that instructions were received
here during the forenoon not to send any more eo al
present Il aiforna. This, il was stated meant mat ihe
Treasure ad decided TO send more gold to the banks
there unlcs re has otor facilities for transmitting
tben hrouh tie sub-Treasury here The deposit here IL
not extraordinarily large. but it not known whether
or the Treasury in California was short OF god as
this is a matter only known TO the Treasurer himself
At the Office Of Laidlaw Co, at No. Il Plne-st, MI
Iaidaw said that the only Information of general int
rest which they had received from California was re-
assurance Of the determination OF the directors Of the
Bank of California place its affairs in l1uidaon hut
what they would adopt for this purpose had not
vet been decided Thc firm here will continue business
as heretofore" he said, "anj are ready TO meet all
our own Obligations maturity; or, II the holders desire
af11 ilFatlp "A "A
fair rate OF interest Upon receipt OF the first news from
San Francisco OF the failure Of the Bank of California,
number Of depositors called for their balances but since
they armed what relations have been with the
bank they already beginning TO return their de
posts"
IL was stated yesterday that the rumor which
was started Saturday regardIn; the difficulty
that had arisen between the counsel the bank and the
rm account OF the business relations that have eX-
listed between them, mistake. The bans has no
counsel here at present except those who arc also acting
as couns for Lldlaw Co. Several attachments, how
ever been issued against the property OF the Bank
of California in this Judge Brady, in Supreme
Court Chambers. issued order yesterday attaching
such property ut the suit Of Matthew b. Hall The plain
tins claim s for $4,000 gold and the writ at
put in the hands of the Sheriff Similar warrants Of
tachment were also issued yesterday in the following
cases against property of the bank in this state
Henry A. TuzO and Others for $S7 500, BENJAMIN q. Ar
mold and others s for $l24,74C Bntsh bank Of Nolth
Simon and Frederick Uhmann, s144o; besides several
The statement Was made at the Office of ]. W. selg-
man Co. that no further trouble among the banks IN
effect OF the failure upon iduas who had bust
ness relations with the Bank Of California they thought
could be easily foreshadowed and probably would
be known for several days AS settlement day among
the California banks ials on the 18th and 3oth Of each
ant day with Them and some Of them would no doubt
experience considerable trouble, but no more failures
II is announced that draft. drawn on the Bank o, Cali
foruia by Paxton Curtis in Austin, and Paxton Co,
In Eureka, would be paid by Moiitz Meyer, at No 70
Broad ST.
MR.. RAIsroNs PERSONAL HABITS.
Lewis Leland proprietor OF the sturtevant House and
late OF the Occidental Hotel San Francisco states that
Mr. Rslson had many good qualities for which the In
habitants Of San Francisco will always honor his
ory Whatever tended TO beautify the city not only
favored by him, but actively promoted. lie led
life Of dissipation, but man Of temperate habits
I'D 10 1864 he lived in amodest and retired manner
although he was wealthy the time; his house was I'M
preteptous though comfortable 1t only when the
Bank OF California became great financial institution.
paving its stockholders dividends ranging from TO
two per cent month, that he became somewhat more
extravagant in his habits; but not until the direc
tors OF the bank voted him Of $4,000 per
for that purpose he opened the country seat where
his pTincely entertainments were given Here MI Raj
delight in receiving his business friends
When persons about TO start for China had Deposited
their money with the bank and taken letters of credit
therefor he would invite them up 10 Rs country in
were about fifty; the wine-cellar was at their
command and servants stood ready TO provide whatever
reasonable wish the visitors might entertain. All ts
iavishness however was approved by the Bank Direct
Ors who knew that Mr.. Raston ia this way secured
great deal OF business for tine bank.
Political aspirants here encouraged and enlisted
Ina the service OF the great financial institution When
the Bank of Nevada waging war successfully upon
Ralstons bank the great nancler FIRST the dawn OF
ks decline He disposed at OF his interests In the
Palace Hotel to Senator Sharon who is the principal
owner Hundreds Of persons In san Francisco have been
benefited by Mr RasOp and although he has often been
regarded as Of O0sc haIls. II was nevertheless
fact at OF late punctually retired every night AT 10
o'clock and mp at every morning. He was always
the st AT the hank and even in the various enterprises
in which he was lie did not simply advance the
money often took personal supervision OF the affairs
of these dinoreLt concerns.