Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1875-08-28

that no loss TO the public 10 likely 70
occur, it was stated as probable that
the bills OF exchange will not exceed
two hundred thousand pounds sterling.
In regard to the speculatiOns Of Mr..
Ralston and his party in California, g
story is current that their recent losses
In the silver-mining stocks and other sd-
ventures amOuntt to the enormous sum
OF $500, coo. 1t i5 not believed that any
other bankiDg-hOuse5 on the Pacific will
be seriously affected aside from the ad-
dit1onal suspension already noted.
Foreign exchange was unaffected. The
smGunt Of bills Of the Bank Of CalifCr-
nis unindOrsed in this market being .ess
than $500, 900. Probably most of these
bills have been accepted by the Oriental
bank, of London, so that the IUsa here
viii he very light. A nUnber o. bills
te2Iing the Endorsement Of the Bank of
Calf)rnia have been sold ia this market,
but they are good, because of the high
standing Of the drawers Respect ing the
reported transactions with the Federal
government in the purchase OF silver
we hear an emphatic denial. The gov
ernnent makesits purchases direct from
the Cops 0lidated Virginia Mining COM
psny, and never makes advances until
the thing purchased is actually in hand.
Ihssum OF s., 900, ,0O0recently purchased
was obtained in this way, and is now in
he assay office in Wall street.
A private dispatch from a prominent
gentleman in San Francisco says that
matters look better so far as the best in
taests Of the city and State are concern
eo. The financial panic is fearful. The
loses by the failure of the Bank OF Cali
fo:nis will be heavy.
ARCHIBALD BAXTER d CO.'S FAILURE.
NEW YORK, August p, - Archi-
bad, Baxter & Co, who suspend
ed payment q few weeks SgO, filed
q schedule of assets and liabilities in the
county clerks office; assets about S175,-
600 and liabilities in the neighbOThOod
Of S250,0O0. They think they will be
able to pay sixty cents on the dollar,
and if time is given, very nearly or
quite dollar for dollar The assignee's
bord was fixed at $40, 600. A report is
current here that the losses OF Ralston
and mis- sclique in California on mining
stocks and other ventures is Sc, 100000.
ANOTHER FAILURE.
The firm Of Juan De Mier d Co., deal
ers in soap and -four of Wall street, sus-
pended to-day. Their estimated liabil-
tiles amount to from thirty thousand to
fifty thousand dollars. William Lieutz,
of Maiden Lane, has been appointed as
signee of the bankrupt firm, whose sus-
pension is stated to be due to the disas-
tTOu5 fall in hides, of which they were
carrying large stock.
ANOTHER SUICIDE.
Armson, of San Francisco, a guest at
the Vandyke house, attempted suicide
tonight, shooting himself in the head
with revolver, producing probable
fatal wound.
TRANSFERS OF GOLD.
WASHINGTON, August 27.-Heavy
transfers of gold to California sre being
made by the treasury to. day in support
of the banks of that section, upon Off
cial notice being received at the depart
ment that the agents of the banks have
deposited gold with the assistant-treas-
urer at New York. Teregraghic iustruC-
tiOns aIs sent to the asaistant-tTessuTer
at San Francisco placing credits to the
banks making such deposits in New
York. Thus far over one million dol
lars have been transferred
The FAILURE OF STIRLING, AHRENs
& co.
New YORK, August GA special
from Baltimore states that the firm Of
Stirling, Abrens & Co., which suspended
yesterday, have imported since the first
of January fifty thousand hOg5heads of
sugar and forty thousand hogshesds Of
Enthusiastically twO-thirds as much as
their whole trade Of 1874. They have
been carrying great quantities OF mOlas-
ses, at a heavy loss, ever since the COM
ofthe year, the market price
not paying for its manufacture. The
Baltimore creditors are Alex
andeI Brown & Sons, bankers, and Bon
ningeT Brothers, shippers. The Browns
are creditors to the amount of about
three hundred thousand dollars. That
firm suspended on the first of January,
and it was their refusal to make further
loan Of one hundred and fifty thousand
dollars that precipitated the suspension.
Besides their import trade, Stirling, All
rens Il Co. have largely exported -four
and provisions to the West Indies, and
are consequently In debt to the flour
trade and packers. The firm own the
and Merchants fefineries,
lease the Maryland, and operate the
Calvert for its owners. All except the
latter they converted into molasses re- |
fineTies, and so accumulated the heavy
stock that broke them down. They also
own d large barrel factory, and nine
vessels engaged in the trade with Cuba
and Brazil. Their coffee business has
not been great of late, and has not affect
ed their interests.
At meeting of the creditors of the
Calvert sugar refining company to-day,
the following report of the condition of
the company was submitted: Assets
Cash, Sal 353; due by sundry parties,
81 ,6S3, ,04I; stock of sugar on hand,
81 ,IO5,595; refinery, $609,974 total,
S. ,339, 1853, Liabilities-Buls payable,
81 5S5, 747: due sundry parties, S99, ,284;
capitsl stock, $500, 900; total, SO, ,285, ,03I.
The Calvert refinery was operated by
Stirling, Ahrens & Co as agents. At
a meeting of the dire ctOrs it WAS ascer-
tained that of the amount stated as due
by sundry parties, $S07, 600 was owed by
the firm of Stirling, Ahrens & Co.
Stirling tenders his resignation ss presi-
dent, as does also Ahrens as treasurer,
both Of waich were accepted. The d.
rector5 thought it advisable to suspend
payment temporarily; and committee
appointed to furnish an authentic state
ment of the sffaiTs. II is stated that it
was not known to any member of the
board OF directors of The company, ex-
cept Stirling and Ahrens, that that firm
was indebted to Calvert, or thatits credit
was used for the benefito of thesusp pended
firm. The business of refining will be
continued.
0~S~-
FOrEers Arrested.
ST. LOUIS, August IA handsomely |
dressed and fine.lookiDg young woman
called at the Broadway bank this morn
ing and presented to J. P. KTieger, the
cashier, letter ofintroductiou, puTpOTt.
ing to be from Sibley, EndioCtt & Co.,
Of Chicago, and check for eight thou.
sand dollars, signed by the same firm,
purporting to be drawn on and certified |
by the First national bank, of Chicago. |
She desired to draw three thousand /!