, 1875-08-31
FINANCIAL.
Conflicting Reports Concern
ing the Condition Of: the
Bank Of California.
An Official investigation Results
FavorabIy to the Gold
Bank.
Tho Comptroller Will Allow
tho Latter Institution to
Manage It's Own
Affairs.
Settlement Day Passes Off
without Serious
Disaster.
a Spirit Of Mutual Accommo-
dation Shown by ALI
Parties.
Tho Funeral of Ralslon The Most
Imposing Ever Seen In San
Francisco.
Failure Of the Well-Known Book
Firm Of Lee & Shepard, Of
Boston,
Which Carries Down the Branch Firm
OF Lee, Shepard & Dillingham;,
Of New York.
The Man Of Splurge, as Illus
%~r %Er 11rk1
Failure Of the Well-Known Book
Firm Of Lee & Shepard, Of
-" Boston,
Which Carries Down the Branch Firm
Of Lee, Shepard & Dillingham;,
Of New York.
The Man of Splurge, as Illus
trated by Ralston's Career,
SAN FRANCISCO,

BAN FnA,tc1sco, Cal., Aug. GA prominent
bunker ropor1a that tho immediate cause of tho
dcmaud BY the Directors Of tho Bank Of Cali
forn!h for Ra1ston's resgnation vns tho dts
covery BY tho Directors during tho investiga-
tlon, OF 3 lot Of bills receivable from irrosponHi-
bio parties, aggregating In tho netghboshootl Of
$1,000, QUO, With no colIaterals It III eso report
Cd that It 1na the intention OF tho Directors to
hsyo subsequently called nalston into their
counBeIs to anil themselves of htR intimate
knowledge OF the business OF tho bank.
AFEA1ns or THE uANK or CALIFORNIA.
lsunorr are AloRt, this morning, OF attach
ments bsuod agaipst tho Bank OF California,
but reference to tho records shows nothing Of
tho lind as rot.
It La reported that Soma heavy Stockholders
and othaEa Who hnvo borrowed large eutus in
one caso amounting to $500. 900, for tho benefit
OF tho Bank OF California, securing their own
bills payable with the stock Of tho bauk arc
likely to become heavily inyolYesl Tho stock Of
the Nank Of California cannot DO given Array at
prcsont
Half million dollarn was Transferred By the
Treasury to-day to tho banks, additional to tho
amount previously reported, but It ls not stated
to what banks 1t has gono.
nALBroN's PROPERTY.
Tho deed Of Aaiston to. William Sharon con-
ve5s ali his property. real &nd personal, wherever
found, and ebso1uto ownership, With tho right to
dispose ot tho same ION such terms aud at such
priooa Is ho decma boat, and to apply tho same
and tho proceeds thereof, and ot the property
hereby conveyed, to aroh purposes and unes ~
es!d William Sharon may In bis judgment deom
best for our joint and several interests"
THE suPHny1soRa
Tho Board Of Supervisors met yoaterday, with
closed doors. It trnnApiros that heated dis
cu1slon arose On tho policy Of taking no action
With regard to 1aa!ston, and resolutions to this
effect wero adopted With only ono dissenting
vote. 4 majority Of the Board signlaed their
intention of attending the funeral in private
capacity.
TIE OTHER BANKS.
Tho Merchants Exchange Dank doos not open
this morning. In accordance with the almost pos-
1.-Two nsauranco Of Secretary Giyon yosterday,
but 1t may possibly do 80 during the day; but it
will depend On the suooess OF tle negotiations
now pending. Tho officers arc apparently some-
what less confident Of their immodiste rosump-
tlon than yesterday, but say that ANY delay Is
merely temporary.
Tho Nhtional Gold Bank and Trust Company
Ia atill cosod aud ls unkblo to Gay when 1t will
zcaomo, but says that tho outlook IL favorable.
''RorTEN THROUGH AND Tunouau."
Tho San Francisco commercial correspondent
OF tho Record linton, . Woll-known writer. and
ono Who has heretofore takon p1otty favorable
view Of all tho movements u,ado By tho man.
agors Of tho bauk, nskes tho following signifl-
cant statement, which tl,o Lt.leta, renEpts;
" Meantime the iuyoettRation By tho Truatecs
fntn thA 4 fatTa ~ kha cnllhrAn1 hnptr }ns
ceeded and aomo neH faots hAyo gradually bo-
como known that excito good dcsl OF an1iety
to receive tho Forthcoming report mud
lst tpS" ha a' co"Son r95s Il i s:a batss b r ssa
is far worsc than drosmed ct, and that tho
Executive Commlttes Of the Board OF T1ustees,
whose duty It ls to yerlfy tho monthly exhibit Of
tho mapagers, las boon systematically deceived.
failed 70 detail tho truo state Of Tho accounting
oven. II tho atatomonts that are male in wolf
informed circles ~ 10 Improper entrleH
npoa etpos sho sho,, BOOKS and important obllss.
for purposes Of hypothsoatlnR, should ultimately
ho qualified, tho fact will ronaln that st tie
time Of tho craah tho bank was rotten through
and through. Tho Wholo capital, o., ,000, QUO, and
gooo, aud = sad balance OF int!sbsodnsss samans
for which tho atockholdorB IN their individual
capacity arc liable to bo called on. Assots to
large uomiual amoun.a are discovered upon
Muich = email percentage only can be teaalxed
Many aro worthless. The bank has lAttorly
been : hoAvy borrower In qutet way III Thu
market, and bali = score Of tho wesithlest cap
ttallsta hAEo boen recently viutimized 10 sumA
counted By 425o. 900 aud e5o0, ,o00. At least ono
who oAn Afford It hAs been bled eyea moro
hsayily.
hUTUAL ACCOMMODATION.
a number OF casca arc reported to-day In
Which commercial paper ttas gone to protest, in
soma iuatancos on prominent tirms, but no ds-
position Ia shown to take any aetion on tho pro-
teats or punish the iudosseEs. III tho majority
Of cases the notes hare been partially paid aud
THK FUNERAL OF AAIArok
mas tho most Imposing evsr Witnessed tn this
city. The aokItces NeTe conducted NJ OslFary