Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1875-08-31
San FRANCISCO.
President RalstOn's Deed of
Trust.
Merchants Exchange Bank,
Revenue Department after the
DiStillers.
ut
SAN FRANCISCO.
Merchants Exchange Bank.
The Funeral of RaIston.
Memorial Sermons,


SAN FRANCISCO, Aug. 29.-In the city
churches to-day the attendance was IN
usually large, drawn by memorial sermons
delivered in many of them on the death of
MIR. RalstOn. The general tenor Of the dis
courses was eulogistie Of the popular, able
and generous character of the deceased,
with due discrimination in regard to the
errors Of his course.
As regards what has been said of the in
fuence extended by the Cal and Bulletin
in their structures upon Ralston in causing
the crash, II was also admitted that the facts
prove these structures to have been well
grounded, and that they could have had no
bad effect on the bank had it not been in
imically weak.
RRIstOn's Deed OF Trust.
SAN Francisco, Aug. 30.-The deed Of
Ralston to VIM. Sharon CONVEYS all his
property, real and personal, wherever found,
and absolute ownership, with the right to
dispose Of the same on such terms and
prices as he deems best, and to apply the
same and proceeds thereof, and of property
hereby conveyed, to such purposes and
uses as said Vim. Sharon may, in his judg-
ment, deem best for our joint and several
interests.
Refuse TO Honor HIS Memory.
The Board of Supervisors yesterday met
with closed doors. II transpires that a
heated discussion arose and the policy of
taking no action with regard TO the resOlu-
ton in memory Of RalsOn was adopted
with only one dissenting vote. A majority
OF the board signifed their intention of at
tending the funeral in private capacities.
Business will, to great extent, be sus-
pended during the funeral to-day.
Merchants Exchange Bank.
Tie Merchants Exchange Bank does not
open this morning in accordance with the |
almost positive assurance o. the Secretary |
given yesterday. 1t may possibly do so |
during the day. 1t will depend on the sue |
cess OF negotiations now pending. Officers |
are apparently somewhat less confident of |
immediate resumption than Yesterday, but |
say any delay is merely temporary.
The National Gold Bank and Trust |
Company say the outlook is favorable.
FIutter Among DIstIIIers.
There is iutter among distillers and |
revenue agents here, in consequence Of the !
presence Of Special Revenue Agent Clark, |
who IS examing the affairs on the coast. |
evening the deputy collector at /
Antioch, Contra COote county, seized Jost's |
and twenty-six thousand gallons /
Of spirits, valued at fifty thousand dollars,
on charge of illicit manufacture of whisky.
a half million dollars were transferred |
by the Treasury to-day to the banks, addi- /
tional to the amount previously reported, |
but not stated to what banks.
The Suspended Bank.
a prominent banker reports that the i'm
mediate cause Of the demand by the direc-
ton Of the Bank of California for Ralston's
was that during the investiga-
ton lot Of bills receivable from irresponsi-
bic parties, aggregating in the neighbOrhOOd
Of million dollars, with no cOllaterals,
were discovered. 1t was also reported that
It was the Intention Of the directors to
have subsequently called Ralston into the
council, to avail themselves of his intimate |
ofthe business of the bank.
RumOrs are atlOat this morning of an at
achment issued against the Bank Of Cali
.ornia, but reference to the records show
nothing Of the kind as yet. It is reported
hat some heavy stock brokers and others
who have borrowed large sums, in one case
TO half million, for the benefit
If the Bank Of California, securing their |
'Tn bills payable with the stock Of the
)anB, are likely to become heavily involved.
Stock Of the Bank Of California cannot be
given away at present.
Collection day is thus far progressing
with mutual feeling Of accommodation
,mOng business men. It will be difficult
o ascertain how matters stand before even
nc.
Funeral Of RRIstOn.
The funeral services of RalStOn are now
'eing held at Calvary Presbyterian Church,
Orner Geary and Powell streets. Obituary
ervices are being conducted by Rev. John /
iemphill. The National Guards are largely
epTeSented, as are also many civic and be-
evOlent associations, officers and en-
loyees Of various manufacturing enter {
rises, corporation, educational aud bust I
ess bodies, and an immense concOurse of 7
itizens. Flags of the city are at halfmast !
nd many business houses closed.