The Vancouver independent. (Vancouver, W.T. [Wash.]) 1875-1910, 1875-09-04


at .:3o p. NJ. to-day and made the fol.
lowing statement:
OFFICE BANK OF California;,
August &c, 1875.
The trustees are under the painful
necessity Of stating to customers of the
bank and the public that the bank is
compelled to suspend business at this
moment, and without reports from
agencies, is not prepared to make a
statement as to the situation of the bank,
but we are now examining its Interests
critically, and will at the earliest posi-
BILE moment make a definite report.
Bv order of the trustees.
(SignetD S. FRANKLIN,
Secretary.
President Ralston stated orally that
on his own responsibility and that of
the officers of the bank, there was no
doubt but that they would be able to
meet all obligations. In reply to the
question when they expected to open
again, he said, "Not at ALL" and subsc-
quently, on repetition Of the question,
he said, ave do not expect to resume"
Ralston further stated that about ST.
10000 was paid out to-day. No assist
ancc was received from other banks,
though application was made for it.
Had telegraphcd all agencies of the
bank to close, and thought no banks i'll
the interior would be affected by the
failure.
The excitement on California street
was intense. The street was blocked
during the afternoon. The crowd on
the whole was quiet and good-naturc'F,
and much confidence was expressed i'll
the ability of the bank to redeem its OBJ
legations.
A run was made on the National
, Gold Bank and Trust Co., but the bank
continued payment until the closing
/ hour, and asserted its ability to settle all
demands in coin or bonds. Other banks
E in the city report no unusual call on
, their resources.
= The savings banks during the day
: have been doing their usual business,
d deposits in some being larger than dis
!, burscmcnts. No excitement on that
d line.
n Aug. s7.-W. G.. Ralston, the Prcsi-
:. dent of the bank, went to a sca-bathing
j. ,.+,hl;cL,,,n,t NJ North Roach undrcss-
Il cd, went into the water, swan out about
n 200 yards, disappeared behind vessel,
, and soon after the body was found float
"a ing by the Selby Lead Works. He
was brought ashore still alive, but died
=, at 4:5o. In his clothes were found Il
few dollars and his statement to the
r. bank, but nothing having tendency to
5 show he suicided.
y He is reported to have been seen to
a drink the contents of a phial before go
t, ing into the water.
o o The town is full of rumors, and the
n streets at this hour, : p. NJ, are crowded
&c with people. 1t is understood that ow-
= ing to the excited state of feeling mani
~ tested, arrangements have been made
b. to call out the military to preserve order
ot if necessary.
Aug. aS.-Moncy is easier.
The general impression since the
:. partially completed inquest on Rslston
n is opposed to the suicide theory. Flags
I'd are at half-mast.
s Aug. so.-Thc city has resumed its
o wontcd quiet. The excitement has
e. passed away and general feeling OF
ed confidence seems to have followed.
"a "a Aug. 3o.-Thc funeral Of Ralston
took place to-day at Calvary Presby-
IN, terrain Church. 10000 people were
ew present, crowding the Church and lin.
ms ing the streets in the vicinity.
%, o. The National Gold Bank and Trust
~, Company have recovered and will be
in left free by the Government to manage
. sit its own affairs.
gal Aug. 2I.-Statcments are III circula
ton that the Bank of California vii
resume business. The statement is usee
as a factor in the political problem.
I'm THE STATE TICKET.
nix. SAN FRANCISCO, Sept. :.-1t ma,
REQUIRE the official returns to decide tn
the State. 1t is conceded to Irwin and tn
wa. Democratic State Ticket by large pa
nd ,Jr jority.
hall THE LEGISLATIVE TICKET.
ser' The Democrats will undoubtcdl
iele have a plurality in both houses if not
rom majority.