Los Angeles daily herald., 1875-10-03

for the opening gun of artillery salute
at the base of Telegraph Hill, on San
some street, while three cheers from
the crowd welcomed the voice of
the opening cannon, and before the
echoes had died away the window
screens of the bank lowered and the
ponderous iron doors swung open. The
nimble clerk who turned the crank to
swing open the doors had only time
to jump inside before the full force of
the rush came. A little pale-faced
man, with a check in his hand, was
the first to reach the paying teller's
desk, but he hesitated with so much
confusion, and seemed so deeply agi-
tated that others gained the advantage
of him. Then the jingle of coin began,
and while some were demanding 9th
ers were rendering. The stream of
coin pouring out from the California
street front was sustained by an in
coming stream of equal volume from
the Sansome street side. The friends
of the bank, aud they are legion, came
forward to attest their friendship by
! liberal reinforcements OF hard cash.
In the great mass of people that crowd
ed into the bank and clambered up to
the windows outside, nineteen out OF
twenty were idle spectators who had
come to crafty natural curiosity.
From 10 A. NJ. until 2 P. NJ. California
street was thronged with citizens who
recited to one another all the rumOrs
of the hour, and discussed at length
the probable demand on the bank. All
were inclined to concede to San Fran
cisco financiers the glory of an achieve
ment that had never been surpassed
in the financial history of America.
The flags floating from the buildings
on Montgomery and California streets
gave an air of holiday festivity to the
occasion. If any apprehension of dis
aster was felt it was not expressed,
either in the words or actions of the
multitude. The brokers were particu-
larly joyous, predicting that the stock
market would open with gratifying
buoyancy Tuesday morning. 1t is
only surprise that some over-enthu-
siastic speculatOr did not mount q sta
tionary vehicle and offer to buy all the
available shares in the crowd. 1t was
expected that the bank would close at
70 NJ, the usual hour on Saturday for
terminating banking business, but to
accommodate visitors the tellers con-
tinued to pay out and take In coin un-
til o'clock p. NJ. The bank officers
do not state the sum paid out, but they
report officially that the sum received
was $3.50, 900 in excess of the amount
disbursed. Tonight Senator Sharon,
President of the Bank Syndicate, will
receive the compliment of serenade
at his residence on Sutter street The
brokers have organized syndicate to
pay for the music, and the subscrip-
tions were coming in to-day alta prom
ising rate. To-day the managers of
the Nevada bank of San Francisco
were actively engaged in preparations
to open for business on Monday at 10
o'clock A. NJ. A supply of coin appa-
rently large enough to resist the pres
sure of the fiercest run ever made on
banking institution was piled up in
the cash receptacles behind the coun-
ters. The President and subordinate
officers were at their respective sta
tions of duty during the day, while
corps of busy clerks and book-keepers
were applying themselves diligently
to the task of getting ready the deposit
accounts. An officer was stationed at
the door to prevent the entrance of
idle spectators. The First National
Gold Bank, which has secured
stronghold in the Nevada block, has
the work of its interior arrangement
about completed, and will receive GUS
toners in their new and elegant quar-
ters on Monday morning.