New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1875-08-28
FINANCIAL.

Customs receipts to-day 4435, 900.
FINANCIAL.
Geld Trausfers.
WAsHINGTON. August a7.-Heavy rang
fers Of gold to California are being made by
the Treasurer to-day in support OF the
banks of that section, uT on official notf6ca-
tions being received at tho department. that
the agents of the banks have deposited
gold with the assistant treasurer 1t San
Francisco, placing credits to the respective
banks making such deposit, in New York.
Thus far over tl, 900 has been trans
ferred.
4 Blue FseliDs n eaA erauciscs-rhe
Struggles Of the Banks to kesp 0pes.
SAN FRANCISCO. August %, IOP. M.-The
general feeling about town to-day is rather
blue. The cashier Of the National Colo
Bank and Trust Company stated to gen
tleman during an interview this evening,
that the bank would open in the morning,
but might have to suspend during the isv
This bank paid all its gold in the after
noon and good deal Of silver. 1t it can
make arrangements tonight for coin it may
be able to ride over 10 morrow. A run 10
expected on the San Francisco and :Mer-
chants Exchange Bank tu-morrOw.
meeting OF bank presidents was called
this evening to concert measures for relief
The Board Of Brokers have also called q
meeting.
StaSs.ipat Of the frssidens II che Sus.
pended Baaks
August &C. Midnight.-The National Cold
Bank and Tsust COMPANY have sent in the
following notice for qualifications ip the
morning pape,e:
"In consequence OF the panic AMI i'm ,os-
eiblhsy of obtaining coin tho National Gold
Bank and Trust Company will close until
further ustics. The haak has 81 800, 900 over
and above all, its liabilities. As soon as
coin can be obtained it will resume bust
ness as usual. In the meantime any cred
itor so desiring can have good assets of the
bank 60 the amount OF bis clsim. By order
OF the board Of trustees
l4ater.
August 27.-fhe. Msrchanie' EXCHANGE
Bank has closed. The officers claim the ONLY
tronble is the lack OF coin, of which they had
slO0,O00 of 100000 liable to draft.
The managers of the London and San
FrancisoO Bank asssr1 their ability to u set
the run.
Business Auspended-Gfeat Excftemene.
The exchanges are all closed, and busi-
fless is suspended. Intense excitement pre-
walls.
The Excitement Subsidies Condition OF the
Banks.
The excitement consequent upon tie fail
ure of the Bank of California seems 90 be
subsiding. The crowd on California street
is much less than at the opening of business
this morning.
The run on the London and San Francisco
Bank has ceased. with large supplies in the
vaults. The slight run on the Anglo
California Bank this mOrning soon subsided.
The First National Gold Bank reports
everything secure. The same may be said
Of the Bank of British Columbia and the
Commercial and Pacific Banks. The pri-
vate banks report no excitement and
everything is going on as usual. Generally
speaking, all the city banks are considered
sound, except the Bank of California.
President RalstOn has said nothing in ad
dition to his statement yesterday. Many
rumOrs are current regarding the condition
of the Bank of California. One statement.
apparently from good authority. is that the
bank will pay the depositors in full. and the
stockholders fifty cents on the dollar. On
the other hand. a prominent stakeholder
states the most the bank can do will be to
satisfy the demands of the depositors, and
scarcely be able to do that. There has been
slight rush at the Hibernia Savings Bank,
but the demand was promptly met within
the rules as expressed by the bylaws Of
the institution. On the whole, confidence
seems to be returning, 1t is believed the
worst is over. Little uneasiness is felt az
to the affairs of either the National Gold
Bank and Trust Company or Merchants
Exchange Bank. The former reports the
of soon resuming; though una
BILE to fix the time. They have an abun.
dance of available assets. which are only
waiting che reception of coin. The presi-
dent this morning states that they paid out
about 81. 100000 yesterday and have still
small supply left.
The Merchants Exchange Bank 10 be-
lieved to be sound. and it's suspension is
only temporary.
1t is stated on presumably good authority
that some half dozen heavy stock brokers
are likely to 60 down. No names given.
No commercial failures are reported,
though squeeze is expected Monday, col.
lection day
The savings banks during the day trans-
acted their usual business, the deposits in
some being larger than the disbursements.
There is no excitement on that line:
The Chamber of Commerce held meet
ing this AFTERNOON, and decided that it
would be more injurious than beneficial 10
take any action looking TO ward the post
ponement OF ordinary accounts or notes
the next collection day. The
meeting was very largely att -nded.
The city tax collector has $275 900 Of pro-
tested tax moneys on deposit in the Bank
of. California, for which be has certificates
of special deposit. The directors assured |
the collector this morning that the money !
would be paid in day or two.
Suicide Of Raisten. l
.Ralston, president of the Bank Of Cah
FOrnia, jumped off Selby's Smelling Works |
wharf this evening and drowned. The body |
was recovered. |
The Effect in Chicago
CHICAGO, August 2.-The opinion of |
bankers in this city is that the failure Of the |
Bank of California will produce little if |
any effect in Chicago.
The Failure in Baltimere.
BALTIMORE, August N.-The liabilities of |
Stirling, Ahrens T. Co. are $500, 600, of |
which 81 .OOO. .OOO 10 duo in Baltimore to ner-
,hsnte, banks and private bankers. They
smployed $50 men in the reiineries.
At Q meeting of the creditors Of the Cal |