The Andrew County Republican. [volume] (Savannah, Mo.) 1871-1876, 1875-09-10

tu institution Scene of the MOSl
tntense ENcitement-San FrauciscO's
capitalists on the Ragged Edge"
lFrom the san Francisco Chronicle, August27.7
\ great misfortune, scarcely parallel
ed III the history Of san Francisco, oc-
"nrrcd yesterday. This wa, the failure
Sf the Bank of California, one IF the
most important moncyrd institutions in
the United States, and one of the great
est i'll the world. Rumorl affecting its
>olvency, and also the credit of VIM.
{. RalSton, one of the wcalthic~t men
OF the coast, have been current for the
last six months. Whenever they have
become too frequent they have been
puirtcd, and the public have been led
t" believe that every thing vas right in
that quarter. All persons Interested in
The prosperity of the coast have been
@lad 10 believe in the stability of an in
~titrtion which they had come Ia regard
with pride and affection. The causes
which led to the tightncss Of the money
market, which induced the suspension
81 the bank, have been fully rrhrarSed
IN tn" newspapers of the city for many
weeks past, but nowhere NOR" fully
than in the columns of the Wr0nirl.,
They will be found recapitulated in
many forms, and with great particular
ity of detail, below. Among such 4 va
rirty of conflicting statements, cnanat-
ing from a large number of intelligent
persons, the reader can select such a
suit him best, taking his own knowledge
of tn" subject into consideration. The
Mr.. Raiston, tn" two principal actors
in This scene of local excitement. will he
pcru>ed with no ordinary interest. The
ChJURicic, in its extended accounts OF
troubles, has given the views IF ~intrlli-
rent brokers and bankers in other
words, has repeated the best iniurma-
tiun To be gathered in the best informed
circles. With what has already been
~aid upon these grave topics the reader
has sufficient matter for hi> cnn>idcra-
PREMONITIONS or TROUBLE.
1t is said ON authority which can hard
II h. considered doubtful that the Bank !
If California has been painfully strait
med for the last three DAYS. Its GUS
have been scarcely accummo-
Hated at all, and large depo>itor> have
inferred it with doubts regarding it sol
,cncy. 1t has made extraordinary cf-
forts t"call in lis loans, yesterday norm
me- sending peremptory orttrr, to credi-
.orS TO come forward at once with their
'eady money. !. few more vary Gus
have been for two or three days
,a~t taking out their coin and placing
I where they deemed it more secure.
fhc withdrawal of deposits began At an
'arly hour yesterday morning. and con
iuu"d through the forrnoom, but so
Moderately a> to attract little attention
rom outsiders, the timid ones outside
he counters forming a very slight addi-
ion to the regular routin" of daily GUS
umcrS.
'HE LITTLE CLOUD ON TIE HORIZON.
1t was not until l p. m. that the of
of the institution became much
harmed. About that hour several
of 500 900 or 500 900. or sim
amounts, came To be- caShrd from
lcpo>itors not usually disturbed by I'll
norS of financial trouble. All these !
paid without a murmur. but they
,cpt on increasing. The scattering ;
became Il quiet pattrr. and the ,
became Il heavy shower. Bv2
''rl"ck the steady withdrawal IF funds !
Iad ~GUickcnrd into a 'Erun," which at
attention, and drew Il crowd of ,
pertator> about the doors. The news .
along the street like Il prairie fire. +
the greatest commotion {
m"ng brokers and OPERATORS, who t
I>hcd toward the center Of interest, =
rme with bank-bookS in their hands, !
theirs simply inspired with a desire to f
,in i'll the excitement. ~ the news
prcad to adjoining streets, and into the Y
uart"rS of the city devoted to heavy f
usincsS, it aroused everywhere the q
anne attention. stores and workshops =
ere emptied OF their occupants, either 5
; sec The excitement or to enable a i
~ithdrawal of deposits before the hour :
'r closin@thc bank, which was now at :
and. The people thus led by curiosity a
+ interest streamed from all quarters :
ward the corner Of California and d
an>ome Streets, filling the space in =
Eat l~ncalitE fnr u SnIarn in nHnrI. il