Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1875-09-03
SAN FRANCISCO.
The Bank Of California Likely 10 Re-
sUIne-AnOther Million of Assets
DiseOVered-EYeryb body
in Good Spirits.
The Stock Board 30 Open Next Week
The Feeling on the Street En-
cOuraging and Very
Hopeful

gentleman in confidential relations will
; the directors Of the Bank OF Csliiornis
stated last evening, with reference to the
rum mgTet meeting Of the stOckholderi
to-day, that he has no knowledge o
such meeting having been called; also
that the examination OF accounts has
not sufficiently progressed TO enable the
directors to make definite stateme nt
IS 10 the condition OF the bsuk. The
directors were in session last night, bui
, nothing is known Of their proceedings
All the clerks OF the Bank of California
were discharged yesterday. There il
reason TO believe that the directors o1
tue Bank Of California are endesvOiing
TO effect arrangements with the Oriental
bank of London, looking to assistance
from that quarter in the contemplated
resumption, but nothing definite is
known IS vet. II is believed that the
stock board will open next week. The
signs are that money will sOOn be easier.
In addition to the disbursements by the
United States treasury, the mint will be
ready to issue about two millions in a
few days. Prospects are frightening
and the feeling is buOysnt.
The feeling on the street this morning
was cheerful, even buoysnt. The Mer-
chants Exchange bank opened doors at
the usual hour. The National gold bank
and trust company report an improve
meGt in the outlook for specie resump-
ton, and the officers sre evidently in
good spirits. The board OF brokers have
a meeting this morning, in which some
sctiOa is expected looking toward the
reopsning OF the board, though it is
! thought that some settlement Of the
affairs OF the Bank of California will be
necessary, precurssry Io;the opening OF
| the stock boBrd. The report of called
meeting Of the hestOcKholders of the Bank
| Of California proves unfounded. The
| directors and friends Of the bank are
still at work trying to arrange matters,
and there is strong feeling among we'll
| Informed finsnciers that arrangements
will be made to secure depOsitOrs against
auy loss, whether resumption takes
place or rot. The best feeling prevails
in monetary and commercial circles.
| New YORK, September 2.-The Her.
aid has dispatch from San Francisco
which states that the investigating COM
mittee of the Bank of California are
| slowly reaching a better condition of
things than the directors had any hopes
| of. Within the last twenty four hours
| they have discovered q round million
more assets. Two newspapers there, for
! political reasons, it is charged, unite in
| declaring that the bank will never re-
sumo; and there is nothing more NOR
ally certain than that the bank will re-
| open at the earliest moment they can
perfect the new mschiDery-prObabiy
| next week. i is stated by the best au-
| thority that the bank is perfectly sol
| vent, and that on opening they will
meet all their obligations abroad as well
as al home.
An order Of publication has been
| granted in the suii of Drexel, Morgan Il
Go. as. the Bank OF Californis, to recover
| twenty-five thousand dollars in gold, Oh
affidavits that the Ge'endant is q foreign
corporation, whose president is dead,
whose cashier lives in San Francisco,
and which has no officer in this State
on whom service could be made. The
suit Is on circular notes.
The recent authoritative assurances Of
the speedy reOpening of the Bank OF
California has an excellent effect on bus
iness prospects. The executive Of the
board of brokers to-day appointed bus
mess meeting of the board for tO-mor-
row, TO consult on the resumption Of
business. A great feeling Of confidence
prevails.
D. D. Mills authorizes the statement
that the capitalists interested in the
Bank Of California will obtain transfers
OF stock from the holders, thus relieving
the holders from liability and guaran.
teeiBg them against loss, and they will
subscribe funds to place the bank in a
condition to pay all demands and put il
on a sound basis. Should any surplus
IL in mill ha
ed pro rata to the stockholders. The
arrangement will go into effect in a few
days,
New York Herald.l
RslstOn was temperate man and an
indsfatigSble worker. After leaving his
bSnk in the afternoon he would drive to
the valley Of DiablO Canyon, where his
palatial country seat was situated. This
is nearly twenty-five miles from San
Francisco, and relays Of fresh horses
were used to make the journey. He
often fold me the fresh air and excite
ment Of the drive seemed necessary to
him after the arduous and exhausting
mental labor of business. His house |
was nearly always full of guests, and |
his hospitality was boundless. Every |
evening at ten o'clock he would retire, |
no LdLiSl hOW BCObiO hC W as CIl- |
tertaining, saying, 81 must be excused |
I need sleep, and have to be ON the road |
early tomorrow morning" HIS habit |
in this respect was well known, and he
was at the bank each morning at nine
O'Clock. In business he was quick,
decided, aud seemed to have an I'M
usual breadth of thought, rare cOmpre-
hension of character and a subtle insight
into the nature OF ali business affairs,
which made his judgment Of schemes
wonderfully exact and true. In person
he was about five feet eight inches high,
had broad shoulders and was generally
c0mpactly built; his eyes were blush
gray, and his complexion forid. His
wife is an accomplished and lovely lady,
the niece OF Colonel Fry. l think he
has four children. The Flood, O'Brien
aud Heydenfelt party, who are accredit-
ed with being in the conspiracy to lock
up gold, and thus ruin the Bank of Cali |
fOTnis, are almost as well known in San
Francisco as Rslston, on account Of their |
immense wealth, taken from the big |
BOLaLZa' mines, the riches of which |
have by no means been Overestimated. |
An old miner told me yesterday that ii |
was probable there were from five hun
dre0 million to one billion dollars worth |
OF silver in the Consolidated Virginia,
Ophir, Caledonia, Savage and CaIifor-
mia mines, which these Bank of Nevada
men control. Flood and O'Brien began |
life as salo0n-keepers in Virginia City,
aud Heydenfelt was formerly a judge. |
He fought a duel some years ago with
Harry i igertOn, who iusulted him by |
calling him a negro in public speech, |
rudeIy and blssphemOusly alluding to
MIN thus, 81 do not say Heydenfelt is
negro, hide and pelt, but l think it is |
extremely probable that about the time
our Savior was cTucified the ancestors Of |
Judge Heydenfelt were propagsting the |
race in the far wilds OF Africa" IN the |
duel both men were hit. The men Op.
posed TO what was called "the bank !
crowd" or Rslston party, are typical
Californlans of lower order than Jones,
Sharon, Ralston and d. o. Mills. The
latter gentleman is accredited with
large wealth, but "Old Smoothly as he
is called out there, drew out his interest
in the bank some eighteen months ago,
and it seems by the public reports was
the first man TO demand the resignation
Of his old friend and oOnfrere.
The Great Rain.
WASHINGTON, August 29.-The fall
Of rain here to-day in eight hours, end. |