The Worthington advance. [volume] (Worthington, Minn.) 1874-1908, 1875-09-03

gI.c:9s =
Satanic Majesty, feeling all the more
grateful because it came from person
whose ancestry lis % illnstrious and: !. On.
cient-dating back to the famous animal
which Balaam tried to ride ! and which
spoke to the point as we'll a this gentle.
man has; and in return for his kind favor,
I propose the health Of the two 81 lacks,
Jack Orr and Jack.ass. = i I: The slrishman
dumped his scraper that time 9 ffectually
The San Frascisco Gold Panie. IL.
Dispatches of last Friday ~: As re.
CARDS the financial prospect, in the ! best
informed circles, it is believed sall the
banks will 90 on without further trouble,
and that the National Gold Bank q
Trust Company and the Merchants Elk.
change will resume Monday y. The town
is fiji 81 4,rumors. .,' Tho street 1T this
hour, 8: <. n, is crowded. with people, Il
is understood that owing to the excited
feeling manifest, arrangements have been
made to call out the military to preserve
order if necessary The police have also
made extra preparations. But the peo-
pie are quiet and it is believed the night
will pass without disturbance. ,.:.i u
There has been little rush at the Hi
bernian savings bank, but the demands
were met. Generally speaking conf.
dence seems returning, and it is believed
the worst is over. But little uneasiness
is felt as t. the affairs Of either the Ma
tional Gold Bank and Trust Company, or
the Merchants Exchange Bank. The
former reports the probability of soon re-
suming, though unable to fix the time. 1t
has abundance Of available assets, and is
only waiting the reception of coin. The
president this forenoon states that they
paid out about a million yesterday, with
a small supply left. The Merchants
Exchange is believed to be sound, and
the suspension only temporary. It is
stated, on presumably good authority,
that some half dozen heavy stock
brokers are Likely to- 60 down. Nonames
given. No commercial failures yet re.
ported. A squeeze is expected next
Monday-collection day. The savings
banks during the day have been doing
the usual business, the deposits in some
being larger than the disbursements.
There is no excitement in that line.
The Chamber Of Commerce held a
meeting this afternoon and decided that
it would be more injurious than beneficial
to take any action looking toward post
poncment Of ordinary accounts or notes
at maturity next collection day, Monday.
The meeting was very largely attended.
At meeting Of the board Of directors
of the Bank Of California to-day
RALsToN
was requested to resign as president and
director, which he did. There was an un.
confirmed rumor that he turned his pri.
vate means over to the bank.
About 10 minutes past 5 a close car.
riagc drove rapidly to the side door of
the Bank Of California. A gentleman
jumped out in a state Of excitement and
ran into the bank. In response to inqui-
ries the coachman said he had Just
left the body Of Rnlston in charge of m
officer on the beach near the smelling
works, in the northern part of the city.
drowned.
From the best information it appears
he went to the sea-bathing establishment
at North Beach, about 1925 P. NJ, un.
dressed, went into the water, swan about
twenty yards, and disappeared behind
vessel. Soon after the body was dis.
covered floating by the Selby lead-works,
and was brought ashore still alive. A ply.
sician was summoned, but efforts to re.
suscitate him failed. He died at ten
minutes to S o'clock. Col. Fry, his
father-in law, Mayor Otis and number
Of citizens arrived before he expired.
Col. Fry and Capt. Lee went to the bath.
ing house and obtained Mr.. Ralston' s
clothes. In these were found few dol
lars and his statement to the bank, but
nothing having tendency to show that
he committed suicide. The body was
conveyed to 1852 Jackson street, the
residence of Col. Fry.
His death has occasioned an excite.
ment in which everything else is forgot.
ten. Throughout all interviews yester.
day and to-day Mr.. Ralston stated ex.
plicitly that the suspension was not
owing to any hostile act by any adverse
parties. and that the best Of feeling pre-.
vailed between the firm and the parties
who have been credited with q lookup ot
coin. At an interview last evening at
Ralston's residence, he repeated the as.
sertion in the presence Of other parties.
AS tho reporter left the room Ralston
followed him into the hall and said E:
''The statements have made as to the
causes Of the failure are nv statements to
the world As matter Of personal and
private information tell you that this
failure is the result of persistent effort
for months to break this bank" Under
the present circumstances the reporter
believes it proper to make this public.
It is difficult to state the effect of his
failure. or the manufacturing enterpris.
es in which he was interested, tits feared
the Kimball manufacturing company will
hardly survive the shock The rolling
mill is in better condition. The Cornell
watch factory will probably be seriously
crippled. The effect Of the failure on thu
mining stocks cannot be estimated. as al
present there is no market, all bushes.
in that line being suspended. Out o.
many theories ADVANCED as to the caus,
of the failure, are the sending Of none,
out of the city to buy wheat, the locking
up of coin BY other parties, speculation
in money, stocks, etc.
, CENTRAL PACIFIC.
The New York Commercial says
''There is not much change yet apparen
from the Pacific coast trouble in tn
affairs Of the Central Pacific road. Tn
first mortgage bonds reacted to 102 IL
the branch to 9l, and the bid for Ian
grants was 95 IL per cent. There was
iclosc intimacy between MIR. Ralston an
1.-The Bank Of California and Messrs. Hun,
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