Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1875-09-02
CALIFORNIA.
Further iu Regard to the Great Fail
ure-The Bank oT Nevada MAX
ing Ready for business.
The Rank Of California 10 Resume
The Assets are now found TO
Greatly Exceed the Liza
biiities.
The Merchants Exchange Bank 10 Re.
sumo Demands for Currency
Largely in Excess of Gov
ernment's Ability so
supply.

The Merchants Exchange Bank 10 Re-
sumo - Demands for Currency
Largely in Excess of Gov
ernment's Ability 40
supply.
SAN Francisco, September Moth
! ing authentic hss been learned concern
! ing the resumption % the bank Of Cali
forniE IN addition 20 "a" las, dispatch ON
/ that suhjsct. Dun the afternoon ami
evening many Tep0rI- were heard sUgu5
/ town u the fleet thai the tsTk viii
resume ia few uays; that seven oE
lei ight million dollars had heen sut sribed
I Esr that purpose, and that the whole
matter had been dSci4ed All s1oh
I statements must be receive with due
/ caution, as tending to inuuce feeling o.
certainty which the facts do not justify
a. yet. Such assertions are only trace
/ able to street talk, and that they have
| been TO a great extent received as such
sud have produced additional feelings
/ OF confidence is uldeniaDle but they
should not be accepted as authoritative
| Flood d O'Buen have placed an eXTa
| force on the Nevada DanE building, aud
sre hurrying it TO completion. 4 ru-
NOR has obtained credeUce that al an
alysis of the stomach Of RalstOu has re-
vesled evidence Of poison. The coroner
stated emphaticaIly this evening that
no hint to that effect had been given,
and that the assumption is entirely
gratuitOus.
This being election day, the banks and
many places OF business are closed.
Nothing new has translired IS 10 the
sffairs OF the Bank Of California. The
Chronicle this morning gpub!khes posi-
tive statement to the effect that the
bank has reliable assets OF fourteen mill
lion dollar, nominal assets Of twenty
millions, Indebtedness OF thirteen mil
lions, coin in vaults eight hundred and
fifty thousand dollars, .and that il has s.
guarantee fund OF from five TO ten mil
lions nesrly all pledged, and resumption
assured. Similar statements have been
spread abroad, but all such statements
are premature according 20 information
from headquarters.
An interview Just had with the direc-
tors Of the Bank Of California estab-
fishes the previous report that nothing
new has trGnspired ia the affairs Of the
bank. The positive statements made
10 resume, etc, are unauthorized. In
reply to question the answer received
ganiza'ion, but do not know whether
we will succeed or not" AS to the con-
dition OF the bank they answered that
the nominal assets were about twenty
millions, and the liabilities about four
teen millions. They think the reliable
assets will pay the debts. There is
nothing new from the National Gold
Bank and Trust company or Merchants
Exchsnge bank, both report fair progress
in OBJ aiming coin for resumption. The
election is proceeding quietly.
The Merchants Exchange bank will
open tomorrow morning, The pTesi-
dent states personally that a sufficient
amount has been collected in the way of
business TO enable the bank to meet all
demands. A notification Of resumption
will sppearin the evening papers. There
seems to be 8 lOosening in the money
market, with returning confidence.
1t is reported that there will be a meet
ing OF the stockholders Of the RSuk OF
California, and it is suTmised that the
report Of the directors will be presented.
They are unable 10 verify their state
ment, owing 10 the number Of tickets
and mode OF conducting the election.
The result cannot even be guessed st
present.
NEW YORK, September I.-Tuforma-
tIon has been received from The Mer-
chants Exchange bank OF San Fran
cisco by their agents in this city, KOuntZ
d Co., that the assets CT the bank are
over six million dollars, while the iia-
bilities are less than one million. Mr..
KOuntZ said the bank was iu good, con-
servstiye hands, and thought they
would decide TO resume in a very few
days.
The British Bank Of North America
has obtsilei an Injunction restraining
LaTdlOw Bros. from dispJsiug Of certain
bills OF exchange RENTED to the latter
by the bank OF California, aud supposed
to be on the way TO this city from SaE
Francisco.
The following dispatch was received
to-day ana circulated 10y Kiernau's news
agency:
"SAN Francisco, August 81, l a. M
Official information states tEat the Bank
Of California will pay ali Liabilities and re-
sumo business. A guarantee fund Of
FIVE million dollars has been subscribed
by d. o. Mills, James r. Kyne, Michael
Reese, Wmilliam Sharon, and others. |
Everything quiet. KIsRNAN
The same news agency has also is 1
sued another dispatch in regard to the
Bank Of California. 1t says Messrs. |
Mills, Reese, Sharon, Kane and Bald |
win ubscribed one million dollars esch |
for present needs, though the banks as
sets are Rbundantly sufficient TO carry |
them through. Mr.. Sharon said he |
would sacrifice his fortune Of fifteen |
million dollars rather than have a stain |
rest Oh the name 81 William c. RalstOn. !
The Evening Express says number
OF kilograms from San Francisco, all
favorable, were received in this city TO-
day by private bankers. That the Bank |
Of California should resume so soon after !
seems almost incredible, but this intelli- |
gence was received by various parties, |
none Of whom have any connection |
with each other. Some pri vate dispatch |
es report q much steadier market for the
leading mining shares than might have
been expected under the circumstances. !
1t is reported on the street that about
three hundred thousand dollars IN gold |
coin has been sent overland to-day TO
Ssn Francisco.
= telegram from WashiB gton states
that arrangements have been made for
an immediate resumption Of business |
by the Merchants' bank OF San Fran |
cisco.
WASHINGTON, September l. The
treasury department having been in-
formed fIom San FTanCi CO that q little |
over dve hundred thousand dollars OF
the bullion fund in that city could be !
used in the business Of coin transfers, |
the amount was appOrtiOned to parties |
asking transfers. The applications to- |
day were largely in excess Of the means |
q a