, 1875-09-17
FINANCIAL

sA:; FnAHc1sCo, Cal, Sept, l5-noports woro
circulated On tho strcet last evening that tho
Bank Of California would reopon On tho 9th
Inst. Inquiries at tl,o office of tho Directors
this morning failed To confirm tho rumor, tho
fact being that no day las yet been dociiled
upon. though 1t Ia insonded, ns heretofore stated
in tho Associated Press Dispatcher. that it's re-
sumption will occur probably about Tho 1st
pro1lmo. Considerable feeling Of anxiety
aud inquiry az to tho prospects Of re-
sumption bus boon created by u,l-
70 tmo of positively oar.y dato for reorenitE.
Such htatomcnts are. to great o1tent, deduc-
tionB from street tall, aud consequently uurc-
LIABLE Tho Directors report nothing now this
morning IN tho at1airn Of tho bank. Eyerythng
IL progEosaing slowly, but tayorah!y, towards
resumption. which will take place as soon ~
the necessary arrangements aro completed.
Tho statement made yesterday tuat tho nsHay-
Ing and EofininR works had boen transferred to
Flood l. o'Drlon proves to have boon premature.
though tho California 1,ank people state that
tho bargain will no doubt hc contaminated at
an early dato.
To,dhy rel osts were current on tho stroot that
bank. On inquiry Ut tho Office Of the firm IN
formation WAS received to tho effoct that it has
beon tho dcsign OF tho LazardH for some years.
to abandon tho business Of importing and job
b!nR dry goods and engage in banting; 1nne-
Of California, cable telegraphlc corre-
Bpondouce was opened With Influential En-
Bllah and French capitaliats, md ar-
reugsmonts concluded for tho organization
Of d bank.ng.house. One Of the members Of
the firm il OH the evo Of taking hia departure
for Europe to hold consultation with foreign
caritaats as regards rosourcos Ut wealth,
pald-up capital, n1il general influence. The
new inssitution viii not stand second 10 any
bank On tho Coast 1t ia tho intention OF its
Founders to mako it strictly cotnmercial bank
that Will stand ready to aid, strengthen, and un-
bold tho industrial lntorosts Of tho Coaa:. TIN
Lazard Brothers have hoen engaged in tho m-
porting trado ia this country under tho
! Hamo firm name for thirtY-fvo years ;
! have conducted bustneas III San Francisco sico
\ 1B49; hare q Worldwide reputation and &C.
| luhintancc, and In n fow months will opeu ono
! Of tho greatest banLine housoh OF Arnorica.
A mooting Of tho Pacific Stock Exchange was
hold this afternoon, ut which tho roaoiu.lun i'm
posing d tluo on mombors for private trading
| was roscindeI.
A resolution to rosumo regular transactions
| Tomorrow was debated ut length. but no vote
| taken. Tue Board adjourned to moot tomorrow
! ht 10 q. N.
Thsre is much fsoling among brokers In favor
OF rean,nption by both big l'oards. and it il bc-
lioycd that the pacl2o ut least will soon reopen.
BOSTON.
BosToN, NaHs-, Sept. 1G.-An adjourned moet-
ing OF tho creditors Of Loo d Shepard was bold
this afternoon, aud statomout Of assets and
liabilities submittod. Tho groaa amount Of the
assets, independent Of stereotype patos, is
$109,493, As regards the stereotype nlatos.
which cost about s250,oc0. Mr.. Shepard thought
It best That tho creditors decide npon their pres+
ont vaiuo, Tho total amount OF liabilities,
$bs7.2O0. A committee was appointed 10 cx-
amino tic accounts aud aasoti and tho vAluo OF
the steEeotypes.
". ii. Heath / Son, leather dealers, Of this