The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1875-09-02
CALM AFTER THE STORM.


TEE EXCITEMENT sUBsIDING-ALI THE BANKS
CONSIDERED SAFE EXCEPT THE BANK OF
CAIIFORNIA-SooIE COMMERCIAL FAILURES
EXPECTED NEXT WEEK.
SAN FRANCISCO, Aug. 27.-The cham
Der Of commerce held a meeting
this afternoon and decided that it would
probably be more injurious than bene6-
cial 10 take any action looking toward the
notes maturing at the next collection day,
Monday. The meeting was
very largely attended. The excite
ment seems TO be suDsiding. The crowd
on California street is much less than at the
opening of business this morning. The run
on the London and San francisco company
has ceased, with large surplus remaining
in the vaults. There was slight run on
tho Anglo-California at the opening, but 1t
soon subsidized. The First National Gold
Bank reports everything the same way. Be-
sides the Bank of British Columbia, the Pa
cific and Commercial banks, and
The private banks, all report
no excitement, and everything
going on as usual. All the city banks are
considered sound except the Bank OF Cali
fornia. Rslston, this.morning, says moth
ing in addition to the statements of yester-
day. Many rumors are current as TO the
condition ofth California. statement, ap
parently from good authority, IS that the
bank will paw the depositors in full and the
stock holders fifty per cent. On the other
/ hand, prominent stock holders state that
the utmost the bank can do will be to satisfy
its depositors and scarcely that. There has
| been
LITTLE RUSH
on the Hibernian Savings Bank, but the de
mands were promptly met, within the by
laws. Generally speaking, confidence seems
returning. 1t is believed that the worst is
over. But little uneasiness is felt as to the
affairs of the National Gold Bank and Trust
Company, or the Merchants Exchange
Bank. The former reports probability OF
soon resuming, though unable to tx the
time. 1t has an abundance of available
assets, and is only waiting the
reception of coin. The president this
/ morning states that the bank paid
out about a million yesterday, and had
only a small supply lett. The Merchants
Exchange is believed to be sound and the
suspension only temporary. 1t is stated on
presumably good authority that some half a
dozen heavy stock brokers are likely to go
down. No names are given. No CONNER
cial failures are yet reported. A squeeze
ia expected next Monday, collection day.
The Savings banks during the day have
been doing an usual business,
the deposits in some being
larger than the disbursements. There is nc
excitement in that line. City Tax Collector
Austin has two hundred and seventy five
thousand dollars in the bank OF California
for which he has a certificate of special de-
post. The directors assured the collector
! this morning that the money would be PAID
in dav or two. A rumor, not yet confirmed
has it that Ralston has turned over his pri
vste means to the bank.
REPORTS AND RUMoRs.
Account is current here that the losses o
Ralston and his cliquein California on min
ing stocks and other adventure
4 reSch six millions of dollars
la private dispatch from prominen
gentleman in San francisco says that mat
7 tars look better, so far as the best interest
|, Of the city and state are concerned. IN
! fioancial panic is fearful. The losses by tb
failure of the Bank of California viii b
heavy.
SUICIDE OF THE BANK PRESIDENT
HAI.sroN RIDES TO THE WHARF AND JUMP
d OFF.
It SAN FRANCISCO, Aug. q About ten min
70 utes past fiye a close carriage drove rapid
y TO the side door the bank Of California
<. A gentleman jumped out in
70 state of excitement and ran int
K the bank. In response to inquiries, ne sal
of that he had Just left the body of Ralston
10 charge of an officer on the beach near II
of smelling works in the north part OF the cit,
d, drowned, 1t seems that Ralston rode