Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1875-09-01
FROM CALIFORNIA.
Financial.

San Francisco, AUGUST 81. Senator Sharon
was interviewed last evening with regard to q
statement credited to him, that the bank of Cali
fornia would resume business. He stated, in re-
plv to a direct question, I'VE are moving heaven
and earth to re- open. 1t is possible and not i'm
probable that the bank will resume. In reply to
question as to over issue OF stock the suostlfu-
ton of worthless paper IN envelopes which had
contained collaterals, and other fraudulent pro-
ceedings, he said 81 know nothing about it.
have not been amongst the clerks in the vaults.
Mr.. Bell, one Of the directors, in replyto SINH
lar questions, last evening. said 81 know moth
ing of the kind"
The financial situation develops no new features
this morning. The National Gold Bank Trust
Co. and Merchants Exchange Bank remain
closed. The election tomorrow begins to engross
large share of public attention, which Is
eightened by contradictory report, and IS be-
lieved to have a political significance as to the
condition of the Bank OF California and the pros
poets of its resumlng.
1t is known positively that from three to three
and half millions assets Of the Bank of Caitor-
MIA have been very recently distracted without
the knowledge of the directors. How this has
been done Is not known at present. The direc-
tors are still busy examining the affairs and 1t Is
not known when the report will be ready.
One of the most prominent members OF the
board says that the that the bank will posi-
lively resume, is premature; that an effort Is be-
ing made to reorganize by promising guarantee
fund to liquidate the affairs of the bank and afford
means 10 resume tDusluess, huu Tic LcspouoCs VI
those approached arc encouraging, but nothing
can vet be tcd-defnitely.
The same gentleman says Ralston used the
funds of the bank to get himself out OF scrape.
The directors themselves do not yet know the
actual state of affairs. 1t is given out that the
nominal assets are in the neighborhOod OF $lS,-
900 900, with the liabilities about $l2 ,OOO,O but
from the best information at present obtainabe it
is believed that the reliable assets will not be suf
fcient to paw the depositors over so cents on the
dollar the stockholders losing everything.
LATER.
No new facts are developed concerning the re-
sumption of the Bank of California. BY some
the statements are regarded as an electioneering
job, though among business men there seems to be
considerable disposition to believe 1t, and some
more hopeful, express confidence. The general
impression, however, seems to be that If the re-
sumption takes place, It viii! not be for few
weeks.
There is nothing later from the National Gold
Bank & Trust Co., or from the Merchants Ex-
change Bank both are engaged in gathering coin
for the resumption of business.
The coroner's inquest in the case OF kalston
was resumed this afternoon. The report of the
physician who made the post mortem examination
stated that the deceased died Of asphyxia. The
analysis of the stomach is not yet completed, but
will be given to the jury on Friday afternoon.
This afternoon an attachment was levied on the
real estate of the Bank of California, at the in
stance of Adolphus Shinek, who claims to be a
creditor to the amount of ~, l6.