The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1875-10-13
BANK OF CALIFORNIA.

Opening Of the Bank observation-disclosures
Ercnemcnt-W Deposits Largely IN
ErcesS Of the UithtiraaUdls-A State
ment From the Directors on Tuesday.
San Francisco, Oct. 2, 1875.
The doors of the Bank Of California
were thrown open precisely at ten
o'clock this morning. There was a vas!
concourse of people OH California and
SansOme streets to witness the event,
and the windows of the buildings com.
manding q view of the bank were
thronged with spectators, including, as
usual, a large number Of ladies. AS the
doors opened there was loud cheering
and waving Of hats, and in lushed a
crowd of spectators to gratify their eye
sight with view of the bank again IN
operation and to get glimse of counters
groanng under piles Of gold. l had a
view of the whole proceedings from the
office of the Fireman's Fund Insurance
Company, right opposite the principal
entrance Of the bank, and / must say |
never saw such rejoicing before. !
could see right through the bank, and
the clerks were more engaged in taking
i'm than paying out. The vast crowd
who assembled and who pressed their
way into the bank, just looked around
and came out again, laughing and shout
ing TO each other. For half an hour
in pressed crowd after crowd and
in a few seconds out they came
again, when their curiosity was satia-
ted, Just like the first batch, laughing
and cheering. The truth is the Bank OF
California is without parallel in the
United States. 1t is q representative of
the whole Pacific coast, and its recu-
peration and opening this morning i'll
greater strength than ever is the great
triumph of all the States and Terrific
ries on the Pacific slope over the
threatened bankruptcy that would assu-
redly have resulted if the bank stock
holders had not acted as honorably as
they have done during the panic of five
weeks. The Bank of California repre-
sented the country's growth, wealth
and prosperity hence the universal in
terest and rejoicing.
MORE DEpOSIToRS THAN RECEIVERS.
1t one hour since the bank opened,
and I have just come from its counters.
There are five times more persons
around the receiving clerks than around
the paying tellcr's counter. President
Mills was around the counters, talking
as cheerful and pleased as a blushing
bride I have not seen him smile dur
ing five weeks. I believe in one hour
they have received in deposits $3.50, ,0C0.
The enthusiasm is immense. business
men seemed to be vying with each other
to show who has the greatest confidence
in the future of the Bank of California.
There is now on the counters and in the
vaults at least Sd, ,5O0, ,0Uu, OF NcarTy HIHr
tons of so gold pieces. 1t is q very
pretty sight.
n STATEMENT ON TUESDAY.
It is probable from this time onward
that the management Of the bank will
maintain the usual reticence us to its af-
fairs. The stockholders will learn col
lectively on Tuesday, if they have not
already learned the facts separately, as
to how the bank stands, and then the
curtain falls between the institution and
the public. The trouble which q por.
ton of the press here has made to the
pank by circulating statements adverse
to its prosperily.ha very naturally crea,
ted and aversion to liberty Of this char
acter, and President Mills will hereafter
shut down on the dis:nrbers Of the
peace.
a GOOD DAYS BUSINESS.
The bank kept open its doors till ever
body WAS satisfied, and when it closed
at noon, as usual OH Saturdays, S7OG,00'
had been paid in over and above all that
had been withdrawn, and it was evil
dent that those who withdrew did it re-
luotantly and from business necessity.
Thnrc is nothing in the Eastern States
can explain this enthusiasm and conf
dence. The opening of the bank
though in some measure strictly fl
nancial transaction of cool heads, was
none the less, in its spirit and intent,
rhe uprising of the muscle, brain and
pride of the Pacific Coast against SANDER
and vituperation. William G. Ralston
was q giant in finance, and the men OF
money fellingly acknowledge it to-day
by their aid to the bank of which he was
the manager. In all the buzzng Of the
crowd in the streets, heard everywhere
"What pity that Ralston is not here. y
That Was the universal sentiment.
stopped into the bank after the business
was over and rs far rs could see, thcdi-
rcctors seemed delighted Even Sena-
tor Sharon was happy, and was enjoy
ing a pleasant laugh while the business
was going on inside.
FIRING OF GUNS.
i hundred guns were fired in honor
Of the OccasiQn.
SENATOR SHARON SERENADED.