Los Angeles daily herald., 1875-08-31
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San Francisco News.
SAN FRANCIsCO.-The deed Of Raj
ston to Sharon conveys all his proper
ty, wheresoever found, in absolute
ownership, with the right to dispose
of the same on such terms and at such
prices as he deems best, and to apply
the proceeds thereof to such purposes
and uses as the said William Sharon
may, in his judgment deem best for
our joint and several interests.
The Board of Supervisors yesterday
met and closed their doors. 1t trans
pires that heated discussion arose
and the policy of taking no action
with regard to the resolutions in mem
ory of Ralston was adopted with only
one dissenting vote. The majority of
the Board signified its intention ofat-
tending the funeral in their private
capacities. The business will be to a
great extent suspended during the fu-
neral to-day.
The Merchants Exchange Bank does
not open this morning. In accordance
with the almost positive assurance of
the Secretary, given yesterday, they
may possible do so during the day. 1t
will depend on the success of the nego-
Citations now pending. The officers
are apparently somewhat less conf
dent of an immediate resumption than
yesterday, but say any delay is tempo
rary.
The National Gold Bank and Trust
Company is still closed, and we are
unable to say when it will resume,
but it looks favorable.
Prominent bankers report that the
immediate cause of the demand by the
Directors of the Bank of California
for Ralston's resignation was the dis
covery by the directors during the in
vestigation ola lot of bills receivable
from irresponsible parties, aggrega-
ting in the neighborhood of a million
dollars with no collaterals. 1t is also
reported that it was the intention of
the directors to have subsequently cal
led RalsIon into their counsels, to
avail themselves of his intimate knowl-
edge of the business Of the Bank. Ru-
mors are afloat this morning of attach
ments issued against the Bank of Cal
ifornia, but reference to records shows
nothing of the kind as yet. 1t is re-
ported that some heavy stock brokers
and others who have borrowed large
sums, in one case amounting to half a
million of dollars, for the Bank of CAL
ifornia, securing their own bills paya-
BILE with the stock of the Bank, are
likely to become heavily involved.
The stock Of the Bank can't be given
away at present. Collection day thus
far is progressing with mutual feel
ing of accommodation among business
men. 1t is difficult to ascertain how
matters stand before evening.
The funeral services of Ralston are
being held at Calvary Presbyterian
Church, corner Of Geary and Powell
streets. The obituary services are con-
Quoted by Rev. John Hemphill. The
National Guard are largely represent
ed, as are also many Civil and Benev-
0lent Associations, the officers and
employees of the various manufactu-
ring enterprises, cooperation educa-
tional and business bodies, and an inn
mense concourse of citizens. The flags
of the city are at halfmast, and many
Of the business houses are closed.
By 5 O'Clock this morning crowds be-
gan to gather near the residence of
Col. Fry, where the remains of Raj
ston were lying. At 1890 the coffin
was carried to the house by the clerks
of the Bank of California. The cas-
ket was covered with floral offerings.
The carriages then took up positions
and the cortege moved down Jackson
street to Vanness avenue, thence to
Sutter, Mason, Geary and Powell;
thence to Calvary church. All along
the route the sidewalks were lined
with people. In the vicinity of the
church, for several blocks, was jam
med with people, renderingit difficult
for the procession to reach the church.
1t is estimated that 2O, 900 people were
present. A passage was made through
the throng, the several regiments and
companies of the National Guard, civ.
ed in line and paid appropriate hon.
ors to the remains as they were borne
past. The crowd gathered at the
church early; and at the opening of
doors, it was soon packed to its utmost
capacity, most of those present being
ladies. Alta quarter past eleven the
organ commenced playing Mozart's
Requiem, and directly the coffin was
borne in; the relatives, pall-bearers,
bankers, brokers, Odd Fellows, the
Regents and Faculty of the Universi-
ty, the Chamber of Commerce and
other bodies filled the center of the
church, After q hymn by the choir
of the church, the Rev. John Hemp
hill delivered touching and eloquent
feneral sermon. A prayer and chant
bv the choir followed, when the coffin
was borne to the hearse, and the pro-
cession was formed to follow the re-
mains to the cemetery.
SAN FRANCISCO. Aug. 30.-The fu-
neral of Mr.. RalstOn is the most i'm
pressive demonstration ever seen in
San Francisco. From an early hour
hundreds of people have been wend-
ing their way from all parts of the
city toward DR.. HemphilPs church,
where the services were held. At 10:-
80 A. NJ, the cortege came down Sut-
ter street, both sides of which were
lined with thousands of people. The
pall-bearers, comprising most promi-
nent citizens Of San Francisco, and
friends of deceased and hearse, was
Immediately followed by employees of
Bank OF California on foot, then
mourners by large number of pri-
vate carriages, containing intimate
friends of the dead banker. The space
in front of the church was kept clear
by the police and military. The SER
vices in church occupied about one
hour and half, and then the inn
mense procession started for the GEM
etery. Almost the entire military of
the city was in line. Noticeable in
the procession was number of car
riages containing the most influential
Chinese merchants. The boards of
Brokers turned out en-masse and rev.