The New York herald., 1875-08-31

and now the bankruptcy OF Stirling Ahrcns 4 Co., with
indebtedness of nearly So 900 900 more lisa severe
blow There are no failures announced, but, as the
banking capital Of this city is only about 00OOO OOo
Is impossible TO believe that all OF institutions will
escape unhurtn
About midday rumors freely circulated that Mr.
jay Gould had been called upon by various banking
houses TO return
ABOUT THREE MILLIONS OF DOLLARS
which he had borrowed from them on such collatcra
as Western Union and Union Pacific. There rumors,
coupled with a serious decline in tho stocks named led
to inquiries OF the various bankers the truth Of
these reports. Mr. f. Drexcl Of the banking house Of
Drexel Morgan Co. received the writer in his private
Office and stated that the statements ingenlousy put
forth were absolutely untrue that their house had
never had transactions tho amount of a dollar with
Mr. Gould, and that Mr.. Drcxc did not even know the
celebrated stock obbcr by sight, the banker adding bv
way Of supplementary compliment, ''that although
Mr. Gould might he capital fellow in his way they
preferred TO have dealings with safer man..
RUMoRs ABOUT PACIFIC NAIL
seemed to have moro foundation in fact II was
asserted by friends of the company that the market
manipulated in the interests of large operator,
who pledged to permit his friends to purchase Mt
low figures preparatory rise Mr. Russell Sage told
the writer that before in unavorable season,
had the prospects Of the company been better; they
were earning money and could pay OF all their in.
dchtcdncss before july 1876 The statements in regard
to tho
REPAIRS OF STEAMSHIP CITY OF PEKISG
were exaggerated and she would be at again within
thirty days Mr. Hatch, the former managing director,
said tho business Of tho company naturally affected
by the troubles tho Isthmus and in the South Ameri
republics this might affect the company un-
iavoraby for the present but he anticipated bright
future for Pacific Mail
THE TELEGRAPH CONSOLIDATION
was almost lost sight of in the speculation OF tho West
Union stock II decidedly under the control
of the bear clique during the day. Under the influence
of large sales IL declined about three per cent The
failures scmioiicaly announced did not inspire ahope
Off with anything but bright anticipaons for to-day.
CALIFORNIA TROUBLES
do not to be at end and this idea is confirmed
by the announcement by telegraph of the virtual failure
of the Merchants Exchange Bank OF San Francisco
which did open its doors yesterday The Treasurero OF
the United States, Mr.. John c. Now, telegraphed to
Messrs Mortz Meyer Co., No 20 Broad street. yester
day. that he declined for the present to transfer any
gold to California This was in response to inquiries
their customers Mossrs Meyer & Co., however, gave
notice that they would pay drafts of
MEssRs. PAXTON CURTIS, OF AUSTIN NEVADA
and OF Paxton Co., of Eureka, on presentation which
been drawn the agents Of the Bank of California
in this city From the annual statement or balance
sheet of the Anglo California Bank Qimted TO be pre-
sented to the stockholders at their annual meeting in
London today IL appears that the subscribed capital Is
So 900 00O on which f10 per share, or $50 has been
paid up, giving working capital OF 81, 5OO, OOO On
this the dividends for the ending June 30 TO which
date the statement is made up, are per cent paid in
mGs See c'd %crg for be
ling the subscribed capital to $4,000, 900. The
concern bought out, organization, the old estab
shed business of the Messrs. Scligman, at San Fran
CISCO and placed Ex-Governor Low in charge as chief
manager The London Directors are Messrs. Hugh
McCulloch Isaac Scligman, +. H. Lushington, W. +.
Scho1cld, j. Sebag and l. Sngton.
NEW TRUST
Is TO commence business at No. IL Nassau street to-
morrow. The President is Henry f. Spaulding, and the
Secretary Charles H. =. Babcock The Board of Di-
rectors is made up merchants in commercial life: s.
D. Babcock, Martin Balls, Josiah NJ Fisk, Isaac n. \,
Phelps Amos X. Emo, Daniel Dows, A. A. Low, w. IL.
Webb, Adrian Iselin. Frederick H. Cossctt and several
Of the same stamp.
FAILURES YORK.
II is announced with regret that Mcssrs Lee Shep-
ard Il Co.. publishers, of Boston, with branch house
supposed TO he in the neghborhood of half million OF
dollars but they claim surplus of about one hundred
thousand dollars. The firm name in New YORK is Lee,
Shepard & Dillingham;, 6TS Broadway Their assignee
is James Miller, Broadway bookseller.
MEssRs. UNION ADAMS co.
also to be added 10 the list This firm have oeen
manufacturing and dealing in gentlemens furnishing
goods for many years. The house is well known, but
the liabilities at this hour are not stated.
EXPORT OF SPECIE.
The following is the report of specie exported rom
the district of New York for the week ending August
2S, 1870
August 23-stcamer South America, St.
Thomas--Amercan gold coin. ................ $780,
August 25-Steamer Algeria, Livcrpoo-Silvcr
bars ..................... ss,64
August 26-Steamer Cimbria, Hanburg-Silvcr
bars oo,oVe
August 26-Steamer Cimbra, Pars-Silvcr bars 32 400
August 26-Stcamer Cmbria, London-Silver
bars. ......................... 1900
August 2S-Steamcr City of Berlin, Liverpool
Silver bars. ..................... $4,000
Total $444 S5a