The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1875-09-09


with men in the Exposition.
THE excitement in San Francisco over the
failure of the Bank of California continued on
the eth, and was greatly augmented by the
sudden death, by drowning, of Mr.. Ralston,
President of the bank, who went sea-bathing
in the afternoon. The general belief was
that he committed suicide, and it is reported
that previous to going into the water
he took q dose of poison to make sure work.
The banks failure is attributed to it's doing
an illegitimate banking business and its Off
GERS engaging heavily in outside speculations.
Owing to heavy runs on the 9Th the National
Gold Bank aud Trust Company and the Mer-
chants Exchange Bank, of San Francisco,
were forced to close their doors, but it was
thought they would be able to resume on the
5Oth, heavy transfers of gold being made by
the Treasury Department at Washington to
support the banks, upon official notice being
received that the agents of the banks had de-
posted gold with the Assistant United States
Treasurer in New York.
ONE statement made on the Goth was to the
effect that the liabilities of the Bank of Cali
fornia were $14 900 600, with assets at less
than 100000 Another report says the
creditors of the bank will eventually realize
eighty cents on the dollar. Confidence was
being restored in business circles in San Fran.
cisco on the Goth, and the worst was thought
to be over.
FLAGS were at half-mast in San Francisco
on the Goth on account of the death of Bank
President Ralston, and expressions of regret
and sympathy for the deceased were heard on
all sides. The theory of his suicide was
strongly disproved by later developments, and
the statements of his attending physicians
would seem to show that his death resulted
from apoplexy while swimming.
THE Canadian steamer Manitoba collided
with the propeller Comet on the evening of
the Goth above White Fish Point, Lake supe.
rior, and the latter vessel Immediately sunk.
Ten lives were lost.
| The funeral of Bank.Presdent Ralston at
San Francisco on the 3Oth was largely at
tended, at least 10000 people being present.
The ceremonies were of the most imposing
and impressive character.
The trial Of the negroes charged with in
surrection in Georgia commenced at Augusta
on the 30th ult.
The yellow-fever has disappeared from Bar.
rancas, Fla, and the city was pronounced
perfectly healthy on the 3Oth ult.
| A THOROUGH examination of the books
and assets of the National Gold Bank and
Trust Company of San Francisco, made by
DR.. Linderman, Director of the United States
Mint, now in that city, exhibited everything in
satisfactory condition, and dispatch of
the 30th ult. states that the bank would be
left free by the Government to manage its
own affairs. According to San Francisco dis.
patches of the 3Oth the more the affairs
of the Bank of California were investigated
the worse they became for the creditors.
The whole capital of $4,000, 600 and the sur
plus of 81 100000 were gone. The depositors
would probably lose nothing, owing to the in
dividual liabilities of the stockholders. The
doors of the Merchants Exchange Bank and
the National Gold Bank and Trust Company
were still closed on the Both.
IN Chicago, on the sOth, spring wheat, No.
2, was quiet, closing at $1.l6@L161< cash.
Cash corn lower; closed at Csc for No. 2
and 60hc for rejected. Cash oats, No. 2,
sold at 3S1S@39c; September options were
sold at Soc. Rye, No. 2, A@s41c Barley,
No. 2, slOs@1.09. Cash mess pork closed at
s2025@aO3O. Lard, s12.95@l3OO. Choice
to extra beeves brought $575@6.75; medium
to good, $425@5.6O; butchers stock, $2.75@
400; scalawags, ETC., $2.25@25O. Hogs
brought s7.75@S.25 for good to extra. Sheep
sold at $4.25@4.75 for good to choice.
FOREIGN iNTELLIGENCE.
CAPT. WEBB, the English swimmer, sue
ceeded in crossing the English Channel from
Dover, England, to Calais, France, on the
25th, without float or life-saving apparatus.
He was in the water twenty-one hours and
forty minutes, the distance accomplished
being about twenty six miles.
AN Alexandria Egypt dispatch of the
18th says the Khedive had dispatched large
force to the Abyssinian frontier with instruc-
tons to exact full satisfaction for recent
trespasses upon Egyptian territory.
ACCORDING to a London dispatch of the
26th 500 Turkish soldiers had recently been
captured by the Herzegovinian insurgents.
A Belgrade dispatch Of the same date says
the popular feeling in Servia had become
so strong in favor of the insurgents that it
was feared the Government would be unable
to prevent conflict with Turkey.
ANNOUNCEMENT was made on the 26th of
the failure of Sterling, Ahrens & Co., of Bal
timore, said to be the largest sugar-importing
house in the United States Their liabilities
are about $2,5OO,0OO.
PERPIeNAN (Spain) dispatch of the 9th
announces the surrender of the Carlist cita-
del SEQ de Urgel to the Alphonsists. The
garrison were made prisoners of war and
taken to Puycerda. fhe Bishop of the dIo.
cese was alsotaken to Puycerda as prisoner
of war.
The British Foreign Office on the 9th re.
ceived notice from the Minister in China of
probable complications with the Chinese
Government arising out of the Burmese ques-
ton.
TRIPoLI has apologized to the United
States Consul for the insult offered to him
and his wife.
MAJORITY of the jury of inquest upon
the bodies ofthose drowned when the Queens
yacht ran into the Mistletoe are reported to
have recommended that the officers of the
royal yacht be prosecuted for manslaughter.
A LONDON dispatch of the 2Sth says the
foot and mouth disease is spreading among
the cattle in Cumberland and Aberdeen.
shire.
The representatives of the foreign powers
have assembled in Mostar to attempt to effect
the pacifcation of the rebellious Turkish
provinces. Over 5000 Turkish Croats have
crossed the Danube into Austrian territory,
Military preparations are going on steadily
in servia. A Belgrade dispatch of the 2sth
says the inhabitants of Novarosch had re-
VOTED and burned the chief town Of the
province.
A RAausA dispatch Of the Goth says an in.
surrection had broken out in Albania. One
thousand servian volunteers had entered
Herzegovina to aid the insurgents. The in
surgents had rejected the advice Of European
powers and demanded the Independence of
Bosnia.
A MADRID telegram of the 10th says the
Ministerial Council had decided to send IL, 600
troops to Cuba by Sept. % and 10000 more
IN October.
| 81 10 r L..