New-York tribune., 1875-09-01
FINANCIAL THEMES.
EXCITING REPORTS ABOUT THE BANK OF
CALIFORNIA.

EFFORTS To REOPEN THE BANK-THREE MILLIONS
AND HALF OF THE FUNDS MIsAPPRoPRATED
BY MR.. RALsToN-A FALSE RUMOR OF THE FAIL
URE OF BURLING BR0s.-BETTER FEELING IN
san FRANCISCO.
| SAN Francisco, Aug. 31.-Mr. Sharon was con-
suited last evening with regard to the Bank of Cali
forna resuming business. He stated 1--WE
moving heaven and earth to reopen. 1t is possible
and not improbable that the bank will resume.
There is a reasonable probability of it," In reply to
question to the of overissue of stock.
the substitution of worthless paper in envelopes
which had contained collaterals and Other fraudu-
lent proceedings, he said: Il know nothing about
it. / have not been among the clerks or in the
vaults Mr. Bell one of the directors, in reply to
similar question last evening, said: Il know
nothing of the kind"
The statement that the bank will resume is being
used factor in the political problem. One OF the
most prominent directors says directly that all such
statements are premature. An effort is being made
TO reorganize by forming guarantee fund 10 liquid
ate the affairs of the bank and afford means to re-
sumo business. The responses Of those approached
are of an encouraging nature but nothing can yet
| be stated definitely. In answer to the question
| concerning the rumors Of fraudulent mismanage-
ment on the part Of Mr. RalstOn, the gentleman last
referred to replied "All | can say about that is,
that Mr. Raston appropriated the funds of the bank
| largely to his own USE" On being asked If there
appeared to be evidence of intentional fraud on Mr.
Ralston's part he replied. Mr.. Ralston got into
scrape and used the funds of the bank to help him
| self OUT
Mr. EAIsToN's MISUSE OF THE FUNDS.
! 1t is impossible at present to give any statement
worthy of credence as to the and liabilities of
| the Bank of California. Tie directors themselves
/ do not know the actual state of affairs This much
! 10 noaitiyeiv that from SB 600. 600
| to $3,50OOOO of the assets of the Bank
1 have been very recently ab-tracted without
! the knowledge of the directors. How
this has been done is not known at present The
directors are still busy examining the state of af-
fairs 1t is given out that the nominal assets are in
the neigborhood of 81 100000, with liabilities of
about Sl2 100000. But, from TIE best information
at present obtainable it is believed that the assets
will not be sufficient to pay Geposltors over eighty
cents the dollar, the stockholders losing every
thing Much labor is vet required on the part of the
directors to ascertain the character of the assets.
FxLsE REPORT AB Ut BvBIING BROS.
rumor has prevailed during the afternoon, which
NAV have gone East. that Burling Bros, of the
most prominent firms of stcckbrckeTs, have failed
for 90 O0O. 900 Inquiry fails to confirm the re-
port. 1t is true that the firm is affected to the
amount Of about half million by tic suspension of
the Bank of California, but it is believed that they
are alle to stand 1t ; and it is stated good au-
thority that Nlr. Sharon will back them up if any
aid Is needed 1t also reported that Buring
Bros had hypothecated stcck of the bank with
the Savings and Loan Society on Clay-st' which
proved to De al overissue but the President of the
savings bank says there is no truth in the report.
SAN FRANCISCO MERCHANTS HOPEFUL.
The election tomorrow begins to cngross a large
sharge of the public attention. BY some the state
ment as to the resumption of the Bank of California
is regarded as an electioneering job though among
business men there TO be disposition to be-
lieve it. Some of the more hopeful express conf
denco that it will reopen in few days. The gen
eral impression seems to be that if resumption takes
place it will not be till after few weeks. proni-
nent Front-st merchant. in an interview this after
noon, gave an encouraging account OF affairs among
the mercantile public. No failures have occurred
among them, and none anticipated. The brokers
also speak hopefully of the condition and feeling.
They are generally cheerful and confident. AS in
dicatve of the feeling in stocks private transac-
tons have been made within the following figures:
Ophir 4O9 10; Mexican, 16l2 Crown Point, 2f !;
Yellow Jacket, 63; Belcher 1sa20; Consolidated
Virginia 22J: and California 80. The Merchants
| Exchange and National Gold Banks still remain
! closed
THE RALsToN INQUEST
The Coroner's inquest in the case of Raston was
resumed this afternoon. The report of the physi-
clan who made the post-mortem examination stated
that the deceased died of asphyxia The analysis of
the stomach hos not yet been completed, and will be
given TO the jury on Friday afternoon.
| AN ATTACHMENT on THE BANK or CALIFORNIA.
This afternoon an attachment was levied on the
real estate of the Bank of California at the instance
of AdOph Shrek. who claims to be creditor to the
amount of 80, So