The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1875-08-27
The Bank of California FaiIure-A
Panic.


N, the representatives OF the press met
in the Presidents Office of the Bank Of
California, and the following written
statemcnt was read:
The trustees are under the painful
necessity of stating to the customers of
the Bank and to the public, that the bank
Is compelled 10 suspend business.
At this moment, and without report from
thcag"ncies they are not prepared to make
statement rs to the situation of the
bOuk, but are now examining lis inter
e>ts critically and will at tho enrle.t pos
sih.e moment make definite report.
BY order OF the trustees,
:. + RANKIN, Secretary.
President Rnl>,on stated orally that on
his own responsibility, and tina. of the
officers Of the bank, no doubtthey would
be able to meet all obligations In re-.
ply TO question, when they would open
again, he said "not at ALL and subsc
qurntly on repeating the question said,
'We DO not expect To resume Ralston
further stated that about 81 10000 was
pad out to-day. No assistance
received from other banks, though an APP
pIIcation for it had been teleSraphcd TO
all agencies OF the bank to the close. He
thought no banks in the interior would
be affected by the failure. The excite
mcnt on California street is intense. The
street was blocked during the afternoon.
The crowd. on the whole was quiet and
good uaturcd, and much confidence Is
expressed in the ability of the
bank TO redeem the obligations
4 run made on the National
Cod Bank ald Trust Company
but the bank continued paying until the
closing hour, and asserted It's ability TO
settle all demands in coin or bonds. The
other banks in the city. eXpcc.
no unusual demands on their resources
The San Francisco and Pacific stock eY-
changes held no session this afternoon,
adiourriugtJ a call, and the former pass
ed rrso.Iion forbidding It's members
10 10 business in the interim. The late
hour III which the suspension ofthc Bank
Of California occurred. lenders 1t difficult
10 calculate the effect on other hnanCm
Interests at present.
General Feeling EnIhcr Blue.
The General feeling about town to-
night j. rather blue The cashier Of the
National Gold Bank uui Trust Com
pauy STAGED to u gentleman who was IN
irryicwcd this morning, that the bank
would open this morning, but might
have 30 suspend during the
day. Th'> bank paid out all its gold
thi, m,cruN,n and Il good deal of silver.
| l. can ma\" arrangements for coin, It
NAV hc abe to recover tomorrow. y
run is e8pnc g on the San Francisco and
Merchants Exchange banks tomorrow.
\ meeting of the back officers is called
for This evening. g. G 'ucsrt measures for
relief. The board of brokers have also
called meeting.
Sixth Grand Cincinnati Industrial
Exposition.
CINCINNATI, August 2G.-Ihe Sixth
Grand Cincinnati Industrial Exposition,
i, now in such forward state Of COM
plctioa that upon the hour OF opening
eight =. NJ, september eighth. it will pre-
sent II more finished appearance than ut
any previous opening day. The open
ing ceremonies viii bc proceeded by the
grundc-t trade procession ever Witnessed
in the United S,utn>. Machines, manu-
lac;urr- and products are rapidly arriv-
ing from AL pur.s OF the country, and oc-
cupyin@ assigned positions. Through
the cNrr.ions d, the Art Committee and
the generous response Of the owners of
celebrated paintings and engrayings, the
choicest wcrks Of al. eyer before publicly
,HhIbli'I have b'th secured. ne SFaha
Moral haii' "h'eh mas Oe''l w V,'e ""''uS "1
expert decorators ior months, has now ITS
grottoes, cn>cai"s, lakes, streams bridges,
&c.. in al aJs"iut" state o! completion,
including flowers and plants used to de-
corate the roeN"orN It's beauty lar eX- ~
ceeds that OF any previous year. "h" WtIl
aIon" n'trac! visitors iromai! parts OF 'h'
Cnl'ed states ne managers "'r. UNA
bic to accommodate al. 'he nlachih'r! c,
U.HI'u liir y cay AH" '"'' ii"'' y "a