Carson daily appeal. [volume] (Carson City, Nev.) 1873-1877, 1875-10-03
THE GREAT EVENT OF YES TER
DAY.
The Resumption of the Bank Of CAL
ifurnia.

lfUrHla.
The resumption Of the Bank of Cali
fornia yesterday in San Francisco, Viz
ginia City and Gold Hill brought on
regular jubilee-a jubilee on coin basis.
Never such joy over money matters be-
fore; never people so proud, SO good
natured, so exultant We have seen
performed the biggest financial feat ever
accomplished. In Virginia City and
Gold Hill men laughed and shouted and
shook one another by the hand and
rushed in and out and around the Bank
in the greatest possible glee. By the
Gold Hill -Ne,rs of last evening we get
hint of how things went in Storey conn-
.v. Says that paper: THE Bank OF
California Agencies at Virginia and Gold
Hill were reopened this morning with
the familiar faces Of Messrs. Blauvelt, in
this place, and Martin, in Virginia, at
their respective counters. Trays Of shin
ing twenties. and stacks of shining sill
yer were visible and an eager crowd
pressed to the front and Toasted their
ewes upon the glittering mine. Every
thing moved off smoothly, and in twenty
minutes after the opening Of the Virginia
City Agency, the account stood thus
Withdrawals. $500; deposits, $4,000.
Business in Gold Hill assumed much the
same aspect Mr.. Blauvelt still retains
charge Of the Gold Hill Agency, while
Mr. Martin will succeed TO the Agency
at Virginia on the permanent retirement
of Mr. Ralston. Both these gentlemen
have been for years connected with the
Bank OF California, and are familiar With
the details Of its management in this
section. Mr.. Blauvelt is "Old Reliable
himself and Mr. Martin has earned his
promotion by steady devotion 10 bust
ness and the display of superior business
qualifications. The community will be
pleased TO know that these gentlemen
are TO be retained in connection with the
Agencies. As We 60 to press We are in
formed that the deposits at the Virginia
Agency exceed the payments by very
large amount. In Gold Hill there has
been no run whatever and the deposits
very nearly equal the disbursements.
From the first moment Of opening it has
been evident that no large drafts would
be made upon the coin reserve, which,
we may add, was largely in excess of all
possible demands. In San Francisco,
our dispatches inform US, the excess of
deposits over disbursements is positively
bewildering. Even the officers Of the
bank are astonished and nonplussed.
The bank had in its vaults at close of
business over three-quarters Of million
,1ol1arS than N the morning -
The scenes in San Francisco are thus
described by Geographic dispatches,
(which we copy from the -Nelrs:
San Francisco. Oct. 2.-By $50 A. u.
a crowd began to gather in the vicinity
of the Bank of California. Inside every
preparation was made for opening. The
President, Directors and members of the !
Syndicate were on hand with smiling |
faces, and looking as if a load had been |
lifted from their shoulders. The Presi- |
dent stated that the bank was fully pre- |
pared to pay all demands on presenta-
ton except such as had been otherwise |
provided for, and that there was no doubt |
Of its ability TO go on with business with
out further difficulty. By 10 o'clock the
streets and sidewalks were jammed with |
people. At the apr ointed hour the doors /
were swung open amid the cheers of the
crowd. which at once made rush, block !.
ing the space outside the counters. Evil
IDENTIFY by far the larger proportion of
those present were lockers on, though |
the services of the tellers were at once
called into requisition, and the counters
were lined with those presenting checks.
1t was expected that large demand !
would be made upon the bank, not from |
want of confidence, but simply from need ,
of coin which has been so long locked up. !
$50 P. M.-The Bank of California re- !,
manned open until P. NJ one hour be-
yond the usual time OF closing or .t.tur-
day. The receipts during the day ex
ceeded the disbursements by about three !
quarters OF million. Tie bank officials
express surpri7e al .he result, supposin.. ,
tina. the actual heeds Of derositors would
have causcd greater demand on the
resources of the bank. They state that
the receipts OF the day were nearly equal
20 the average of Saturdays business,
the drafts being much less than the aver
age. 1t is expected that the demand
will be greater on the opening of tn
Stock Boards, Tuesdae, to satisfy wr1ts
in that line.