, 1875-08-27
a Heavy Run by Depositors...
100000 Paid Out
Yesterday.
The Bank Enable 10 Stand This
Enormous Depletion
Of Coin.
There Will Be No Resumption, and,
It Is Said, No Lcsses to
Creditors.
Failure Of a Heavy Sugar Firm in
Baltimore---0ther Co!tapses.
BANK or CALIFORNIA.

BANK or CALIFORNIA,
| TIE FAfLCRE IN HAS rns.C{sco
BAN FRaHclscU CAL, Aug. 2G.-Ile Bank a
California sto!'pcd paying checks At quarter tt
3thls afternoon. In all interview WITT, NoJatar
he easa tue bauk has sufficient aAastA to meet A.
''apitltieH "nd no ono will loso austhlug. but nj
prcacnt thero IL no coin With which To trsosac
puslhesh. meeting ia aplolnte't rth ba,,L
representatives At y. H.. whcu moro pattculart
will be glson.
| 1ATEn.
BAN FRANCISCO, Aug. 2G.-At s p. m repre-.
sentatfvcs Of the press met III tho Fretidea:'s
oihcc OF Tho DAnk Of California. The following
written statement was reaa;
0sFicE or THE BaSK or CALIFORNIA, Aug. 2G, ISIS
-ihs Ifnetees are uuler ths painful nr~eAhi,y Il
tatnB 10 tile ef:oncsn Of Tho bai.h anI 10 tne iui
lie thut the bank ia compelled t. FUR end bu,ine., IT
mn thhfi'eH md. without reorta fEom IL 1stuc-s
u not prepared to ihnko sthtemepI to the ss1a.
Hou OF Tue bank, Dt ARG nuw c*u1ntring Its teyrs,
make definite report
by order Of tIe Trustees,
tsIgn~d} Il. F. nArk,N, Secretary,
President 1taiaton stated orally that on lin
own responsibility and tuat OF tue oiice,a OF tho
bauk there was no doubt thoy would be aple to
meet all obligations.
In reply to qnest!ou when they expected TO
open ngain, bo said not ut all, aud yubse-
luetly. OF repetition Of thu gnentiou, ssid,
NO DO not expect to resume Halls.
ton fu' ther stlct that abou. Il, 800, ,OoJ
we're paid out to-day. No assistance mxs .c-
cclvcd from other banks. though application WAS
made for It. 1fo had tolrgraplcd all The agcn.
cIea OF tile hank to close. lie thought 10 banks
IN the tnsoior would 10 affected by the failure.
The excitement on California street IL iuteuse.
Tho street ~aa hlockadcd during the after
uoon. Tho crowd, on tho Whole. werc
quiet and good uaturcd, and much coutijtuco
IL exprssscd In the ability Of tie bauk To redeem
lts obligtsioDs. a run was nla3e on the National
Gold Bank and trust l,aok. They continued
paying until tho closing hour. and asserted their
ability to settle all demands in coin or bou.s
Other banks In tue city report NO unusual de-
mauds on their rcsources.
Tho San Francisco mud Pacific Stock Ex.
changca held no Sessions tais afternoon, ad-
jonruing subject to cali, and tho former Paused
resolution forLiddirg members TO do busucss
in tue interim.
Tho lase hour at which tbs Suspension Of tho
Dank Of California occurred renders it diltjcutL
to calculate tho efect on other liuanois lnteroyts
Ut prosent.
LATEST
BAN FRAzc1sco, Aug. 2G.-The general feeling
about town tonight is rather blue. Ihv cashier
Of tho National Gold BANK mad Trustees ntAtvd
10 gentleman who iuery,awed tLon thIs eye1-
inX that the bank would oppu in tho mornlng,
but might hAyc to elIspcud dulinE
the !" rot', aay: H.. IhiA bank paid ont. ali
lts gold tba afternoon. GLa good Cos! OF silver
II it can naae arrangements Tonight for cviu,
Il may b6 Aola to ride nyer to-,lloEros. f1, is
y xptctaa on tho Ban Francisco aud Merchants
,,SehsuRa Banks to-'norEow. meeting Of Ianls-
4 iafI ~ IL anjiI Il f.,.k
ueasuTes Of rclof. Tuo Boasd Of brokers haYo |
also called meeting.
EFFECTS or THE FAILURE IN CHICAGO.
on learning OF the HuHpcnslon \ reporter
'hAed on Mr. George 4. Ives. Cashier Of tho
Jnlon National H4uk, aud asked Lin fow
lucations, ~ follows;
Repatriation have heard. suppose, that
he Bank Of California failed to-day?
nr. 1ves-Yea, l lizard ot It just hstors I
ame up.
R.-Your bank lis correspondent Of tue Cali
ornia BANK, Ii it not7
Mr. I've draw checks on them, and they
II ~. nothing moro IL ia merely All elclaugo
1lBi1leas a. between t,r.
H.-Do you remember how accounts stand It
resent
Mr. III think ne owe them something; no
.ee-'0N - 4qulkl4uE6 uUt long |
60 aud, ~ femonber tho sccount, it ia in our
hyor.
h-Haa the bank any other correspondent
eEo7
ak. I.-Nons. think.
h.-Wil tho failure Affect anybody hors vsry
,uch
AF. l.-Vsry little, II At all ; there ia Ye1
tile busineas done between Chicago .nd the
sc!hc Coaat except exchange.
H.-Wt!l It Affect couddeucs iu general?
Mr. 1.-AAsdly any, l should say. ]. is Of
'uree, 1aFgor oonceru than Duncan, Sherman
Co, but not 30 near us nor 10 closeJr cor. I
Deted.
R.-Wese Asrs AnY rumozs Of upsound co., ,
tioa7 )
Mr. Two beard some tins ago that natstou | ,
"a III trouble, bat soms gsatleneu from Cali. 6
En'a, VINO were hero shortly Afteswarl, scofIed
the sdsa.
E.-Iho Bank Of California Was nalstou, yas =
not? =
air. 1.-Not entirely; Ralaton was = large i
ocsholdeF' out there we're many otAess. !,
considering tho shlysry condition OF 4 suap
'skcaed out OF souud 4lssp to 10 talked to.
o Espolter lore put on l4ls hat and wont down.
SOL sNITn. 4
reporter called On Solomon Smith. prexia,ut
the Merchants Trust Company, At a lass hour
y n'sa', 70 asesTtalu ha OPINION Of tie proba-
! bullsse tho bauk lad failed fot INV nv
Il. amount, or that tho failure goui
ut sens!nly Affect the 1nip,ug aud railroad il. ~
est ol cal:toEn'a, ~hach 1t h.1 controlled to = ~
est extent. lilo dit uot bsjeyo ths Js,,osit~ ii
the t'auk would sxceei sl5.VHi Oil. ia IL u
ssa lo" tue failure could affect Chicsev, for bl
Has more than probable that Chicago var in | Il,
y TO tho bsuk Of 10 California. TEs loss ia 4.
v loEk. aud Europe. NLere ths ballk T.
sinesat might bs cona,derabls. and il ~ ~
: naturally 30 IN California, Uo hid VI
~ had h!s doubts ~ to the stability Of the