, 1875-09-06

II Mr.. u. q. M1LLs, tho former President
Of tho Bank Of Californin, ono Of tho largest
capitalists on tho Pacific Slope, heavy
stockholder in tho bank, and tho most inti~
mato friend Of the unfortunate RA1sroS, has
given tie San Francisco Bultkin authority
for tho statement that 1sAlsroS was default
ct to tho bank in tho amount Of between
$4,000, 600 and $t.oo0,00ol there is every
reason to believe 1t is true, and it renders tho
failure moro realily comprehensive than it
was before Tho allegation ia that Alr, Raj
sToA distracted between $4,000, zoo aud
81, ,000, 900 without the knowledge and con-
without providing tllo bank with tho
nsnal securities exacted in commercial looms.
It il probable TINT Mr.. RA1.sToS has fraudulent
ly taken this money to invest in such enterpris-
es as tho vastsaw-mills in tho Sierra Nevadn,
Of which We spoke tho other day 10 advance
to personal friends who had got into tight
place, aud who had no col]aterals on which to
borrow money; and also to "bucA" against
AIessrs. F1ooD j. O'Dn1EH in mining K
gambling operations. II matters little, how
ever, for wlat purpose tho money was taken
or wherc 1t was used 1t was wrongfully and
feloniously extracted from tho yaults Of the
bank, md, when the depositors demanded it,
1t wasn't there to givo to them.
It is afso alleged TINT alr. RA1soN raised
money upon an oyerissue of bant.stock. That
is, le forged bauk-atock and sold it. Whether
ho used the proceeds from tho sale Of
forged stock for his personal schemes, or for
the purpose OF helping the bank over tho
difficulties into which ho lad betrayed 1t, Is
likewise OF no importance, 1t was crime
all Tho same, aud served 10 accelerate tie dis
aster. II these charges be true. they settle
the dispute as to whether or not Mr.. RaLsrov
committed suicide. II he knew himself 10 10
dcfaulter and foreer, he was not The kind
OF tnan to live under the disgrace Of expos
ure. There Is no longer any doubt that ho
voluntarily sought death aa the only escape
from overwhelming dislopor. Tho loss Of
life WAS triaing when brought in contrast
with the loss OF fortune, position, and honor,
and tho lasting infa,ny put upon hia namo
and family. 1t IL hard to soy these things
OF O man who has voluntarily paid tho penalty
Of his crime In death. but theY ara
bettor said than unsaid. They can do the
dead man no harm that he did not do him.
SELF, They may possibly save others from
falling into similar temptations by showing
them how feartul, aud crushing, aud insvisa-
bla Ia the punishment.
These late Developments also furnish a
more complete answer to the inaationisu,
who hayo eudeayored to point 10 the failure
Of the Bunk OF California a. lemonstration
that the use OF specie as . currency Is i'm.
practicable and dangerous. Suppose one OF
the bapls in this city, doing business In
gTeenbacks, we're undermined and broken
into hT burglars. and robbed OF Ss,ooo,.
QUO or S4,ooo,o0o which could not be
recovered. II this robbery so crippled
tho resources OF the bank o. te
force 1t 10 close its doors aud wind up ita al
fairs nobody would BE- absurd enough se
| charge that it failed because It waa doing bus
insss in grasnhaeks instead Of gold. This Il
parallel aaaa. Tha Bank OF California i