, 1875-09-07
FINANCIAL,
Tho Bank Of California win Open
Within n Fortnight.
Opening Of the Smaller Stock Exchange
in San Francisco,
Ralston's Estate Yiil Not Coycr Ills
1)efafcatfons.
Suspension Of q Small Bank IN Buffalo.
n. Y,

~ L.
SAN FRANCISCO.
| noaE-coLnR2u sTsRr,
| NE" fonK. Sept G.-The U.rdlI has long
| dispatch from SAn F!aucisco. da.ad tue 9Th, in
which tho correspondent shys: +'The assign-
| 'ncnt hy Mr.. kaIstoa Of hs property to Sir,
Sharon on tho morning Of bin death will coror
all his tn3ebtednesn every direction, and leave
to bis family about s2.ooo.0oo Tue ind4btsd.
heAs charged ags.ust Mr. lalatou wa not per-
aonaf. but that which has grown out Of s1 Which
tho bank haa opcu!y given in the way Of IoauH to
industries throughout the stato, aud which nro
worth infinitely moro than th. indebtedness to
| the bank.
nAIs7oS's DEFENDERS.
| meeting Of tho friendA Of l,alaton ia calod
for Wednesday evening In tue !arycat bali Ia tue
:itS With Vicw Of dofen1!og him against the
charges Of too Bulletin and Call. am told that
u. o. Stills wauss to ttop tho meeting. for, II IL
| rroc'cds tho Hnttetln lhteasenB to exuoso lln
a. the authority who furnished them the stats.
| meut nlA1nst ltalntonH Standardization Of the
bank ntla!rs. All the other directors U! she
bank arc willing TINT tie meeting should ta4e
place.
THE SYNDICATE.
| - Iho subscriptions 10 the Syndicate organ
tzed fur tho sutnro cootrnl Of the Dauk OF Ca.i-
|
a9te prospects ot its increase t. 10000 y00. In
addition to these subscriptions. all tho
Subscribers will Rive it their bueincss.
sud mort Of thetn vii make heavy
y gold coin at oocc Tie bank has now about
| S1.03od in its vaults. Sharon will depoHt
Sl,0u,o %. kceue. Eio0,ooo and la, g number
81 brokefs and operators from sjo.0d3 to =lgo,-
" each. Ibele arc 0ssut an :es that On tho daY
Of tho open,ng tho vaults will contain from
s30oU 0ol to 80, uu0, 600 10 gold cuin. These Ill.,
| dnc-ulenis offered to tile Syndicate woul prob
I ably never have moved tho Capitalists who n.e
| luHllus to tile assistance or tho Blnk Of Csli-
ferna were It hot for tho other fact that the mea
who deal in great wealth hero nre afraid OF Inv
oue bank ever getting the coutsu1 tbat was oucu
N the haHda Of tho managers OF tile Bank OF
California. Finance and commerce wiiI be
healthier when alvided between tho Bauk Of
California aud the Bank Of Scvada, soon to 10
opened. Inc Bank Of California will resume
business betwcen tho 15th and aEh inst
WAsn1so7cs. .. C., soot e-App]icatiou has
been leco!sea q. tic Treasury Department TO-
day for tho transfer of about Sl,OJ0,Uuo III
gold from New York to San Francisco. mainly
for commercial pnfposes. These applications
wee fIom EIernuns Ia tue latter ctr. Tue Treas-
urer hopes to be able to tranhfor about e5O0, 600
Tomorrow, Which will be distributed pro rata
nnunS the applicants. Snce tho suspension Of
tho Bank ot California the directors Of tho Mint
have had directions TO stop the coinage OF silver
*l.000,0uO III coin antendad tor tho purchase of
silver not bonc needed, $500.n00 Of the amount
wa8 rctu ned to the Assistant Treasurer Inst
week, and tno othor $780, 100 will be returned to-
day OF Tomorrow.
THE LITTLE srcck noAnp
San FRANCISCO. SEPT. G,-Iho California OF
little b5a'd OF BROKERS resumed brsDerH this
mornlng. Transactions wero very li.n!tva.
oEhr H. California 81, De!chcr 81, Gould d
Curry 1Gss. Some other small stocks at cor
responding Prices. Tho feeling scc,ne to be that
theEo will DO no glcst etti'g down i'll prices.
ANOTHER STORY.
Tho Press Agent IL III u position to state posi-.
lively that Mills does not deuv thu sta.e-
mens Attributed to him III the dispatches
Of Saturday ro!atlso to RalAton's de1alca-
tion and oycrsnue Of etocks. As rcaards
tue statement that tho assignment to Sharon Of
property covers tle debt, leaving - 00J GH) sur
Illus, It ii uow stated tnat 1t il doubtful IL tho
amount wi! cover luis defaIcation. 1t il not 10
be supposed thnt thcse things affect tho r,rospect
Of resumption, ~ thoy have been taken Into con
s!detailon III the arrangement iu progress. THO
Treasury to-day redeemed uotes OF tho National
Go!d lsank d Trust Company to tho amouu1 uf
FINANCIAL CONDITION or THE pAsg OF cA1,rop
San Frane,sco Chro..eft, ttp..
The following Id said to bo veiy nearly tho !
inaucthl condition. OF tho bank !: Nominal assets,
S2o, 200 00u; leIiablo asscss. <l4,0uu,u00; in
dettcduesE. FL, QUO, 600 con in vaults $780,
600 guaranty iund {uea1ly al now pedgcdl,
iIom - 'ooo, ooo to slo, uuU. .ouO. The guaranty
date. A cer;aln amount Of herosua bss been
shown by the Directors, who arc ledgiug their |
fortunes aud their sacred honor tu tho resusclta.
ton OF tho institution with which they baye su |
long boon nssociptcd 1lr. Sharon Ia the creditor
Of the bank to The extent q: Si.20o. COO. il, |
Hubscri1es 81, ,00n COO 10 the guaranty fund. y, |
Q. Mills subscribes 81, ,000, ,0U0. Michael llcese
gives large amount. Thomas Bell aud Jobu U. |
t:atl eaeh sabsoslbo large sums. james Il. |
n IN tfnrt n
Will 10 no difficulty III obtaiuinE the
amount needed. There ia tho best feeling
among Stockholders Of tho bank In Sau l'r.uciu-
co aud elsewhere. Al that vii! be asked OF tlo
outside public IL to baleuent and allow q little
time for rccuporatlon. with tue atsurance that
tloy wIl all oTUatualty be paid 10 tic last dollar
1t ~ Understood that large dspostars have con-
1ented to folego their c!aims for tho present.
deposition 10 tue axteut OF II. 70j 0U0. 1t IL said
that the payment of tho SauOO O00 due Flood l.
O'Uficn Oh deposit bas been arranged for. Tho
report that John a. 1loscnfe!dt Inns lost $780, U1u
IL not true. Ie had that amount on dupost.
but il has boon paIi. 1t IL reported tina. james
v. nutlsng borrowed sl,0Ju, 600 for Mr. Aalstou
Oh bank stock.
It ls expected that tho bank will oren It's doors
only to so into gradual liquidation. but to CARY
on tue banking business II u regular way a. be-
fore. D. .. Mills viii probably he the President.
ELSEWHERE,
BUSINESS N NEW YDNK.
NEW Yonx. Sept. G..-The Ecsniag Post says:
q The ttaao with tho South Ia opening better
'han was calculated. good business WAS e1-
pccsed with tho West and there In no disappoiut-
uunt. Trado from New Yo4k with tho Middle
slld Eastern 6.atcs ia small, as il was e1-
pccted It would bo. because of tl,o depression in
lie manufacturing Interests. With tLe agllc4I-
Eurai soctloAs hourlshing. however, 1t ts but q |