Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1875-08-29
SAN FRANCISCO.
ObseQuies of President RalstOn
Liabilities of the Suspended Bank
Its Affairs in the Hands of a
Committee.
Probable Assessment of the
Stockholders.
SAN FRANCISCO.
Obsequies OF President RalstOr
of the Suspended Bank
Testimony at COrOner's Inquest.
The snIeIde,s mineral

The Suicides Funeral.
SAN FRANCISCO, Aug. 2S.-Ralston
body was placed in casket and take
! from his house to the residence of Co
Fry. The funeral will take place Sunda,
Inquest this afternoon.
Liabilities of the Suspended BaaI
$4,000, zoe.
No official statement has vet been mad
Of the condition Of the Bank of California
The directors applied to Flood & O'Briel
for relief yesterday morning, and offered {
presen; that firm the entire paid up capita
stock of the bank, namely, $5,O00OOO, ais
Sl,OOO,OOO in bank, also S1,000,O00 in ad
ditiOn to be assessed on the stockholders
IN all S7,5OO000, provided Flood 1
O'Bnen would, for this consideration,
Assume the Liabilities
Of the bank. The proposition being de
clined, the bank had no doubt that the liza
bilities are Sl4,OO0,0O0 and available as
sets not far from 100000.
The directors of the Bank of Californi;
met yesterday afternoon at one o'clocI
"a full meeting. Mr.. Ralston sOor
entered, and Mr.. Mills promptly asked
RalstOn to resign his position as President
Of the bank. Ralston complied with the
request at once. Mills then asked him tC
leave the room. He did so. The directors
we're still in session when news was brought
that RalstOn had drowned himself
The true condition Of the bank had been
concealed fromIthe directors. They pro-
fessed to be astOunded at the developments.
The stockholders will lose their stock to
pay all the liabilities, and will have TO
stand an assessment Of probably fifty per
cent. Some 100000 of the liabilities
are in the form of acceptances for ad-
vances made by our leading capitalists to
strengthen the bank. Gov. Stanford holds
100000 Of these acceptances.
California street wears a quieter aspect
this morning, and il is believed the excite
ment is over. The banks anticipate no
trouble during the day. The death of
RalstOn forms the principal topic of con-
versation. Flags are at halfmast through
the city. Expressions Of regret and SYM
pathy for the deceased banker are heard on
all sides. Later information tends strongly
to disprove the theory Of suicide, and state
ments Of attending physicians 60 to show
Death Resulted from APOPIexy,
while swimming yesterday. Mr.. Ralston
transferred ali his property to Senator VIM.
Sharon for the benefit Of creditors, and Mr..
Sharon, in receiving the trust, pledged his
honor to stand by his old friend to the last
dollar Of his own private fortune.
At meeting Of the trustees Of the Bank
Of California yesterday, RalstOn promised
that If the management was left in his
hands he would pay
Dollar for Dollar
10 depositOrs, and fifty cents on the dollar
to stockholders, but after an exciting dis
cussion If was decided to accept his resigna-
ton. Considerable difference of opinion
exists, among leadiEg stock operators as TO
he effect Of the failure on mining shares
when business reOpens, some claiming it
viii have beneficial effect, especially as
regards the BONANZA mines, as those con-
trolling them will now have better facilities
for working them, as mills owned by the
bank party will probably pass into their
hands. Others take less hopeful view of
The situation.
In the Hands of a Committee.
The affairs Of the Bank Of California
have been put in the hands of an execu-
live committee, consisting of Vim. AlYOrd
and George II. Howard. D. o. Mills, ex-
President, has not owned a share of stock
for the last three years. A statement of
he condition has not yet been prepared,
but reliable information shows that liabili-
les will be upwards Of fourteen millions,
reliable assets seven 70 eight millions. The
principal stockholders will probably have
o be assessed from forty to Ifty cents on
he dollar to pay liabilities.
An inquest commenced on the body Of
RalstOn. The Bank of California is 6rapeF
n mourning. All quiet on California
itreet, matters are assuming their usual
,Spect. Business men do not apprehend
ailnres on Monday, collection day. Ru-
nOrs relative to popular feeling and demon
trations against the Bulletin and cal
we're idle utterances Of excited individuals,
nd incendiaTy efforts on the part of some
,arties personally and politically hostile to
hose journals, to create enmity against
hem. Their attempts fell still-bOrn.
Ralston's funeral has been postponed until
Monday at II o'clock A. NJ.
The COrOner's Inquest.
At the inquest held over the remains Of
2alston, Joseph Dunking, proprietor Of
he Neptune Bath House, testified that
2alstOn came to take a bath at half past
hree; usually came early il the morning.
Ny sOn-in-law served him; did not see
Jim enter the water; had no conversation
With him; two young men went in with
lin; shortly ran in and said something
vas the matter with that man; they and
Dy sOn-in-law went out in a boat, watched
or RalstOn to appear at the Piles, but saw
nothing Of him; waslperspiring freely when |
lie came to the bath house; my sOn-in-law |
checked him, but he said he would dry |
himself and take 4 powder before going. |
Clarence Richardson, sOn-in-laW of wit |
less, testified that RaistOn was smiling and |
.heerful when he came to the bath-house; |
waited on him; took charge of his clothes; |
Tarned him against going in when heated; |
aid he would dry himself and take a |
,owdeT; about fifteen minutes after he |
vent in a young man told me something |
vas wrong: pushed out in boat; met an
,ther boat with the body Of RalstOn; Raj |
ton was in the habit Of swimming some |
distance when he bathed; did not see him |
n the water.
TheO. G. Bee testified: Watchman on
he wharf told him man was drowning;
,ody was two or three hundred feet from
be wharf in the water, face down; head |
ppeared under water; got Clark,
ngineer Of the steamer Bullion,
wing near, to recover the body; he brought |
lin ashore; did not see him breathe; used
means of restoration; saw sign Of life; sent |
or DR.. Newmar6, who came.
Michael j. Clark, engineer Of the steamer
Bullion, testified: Saw the man in the
water squirming as if in a fit; acted unnat-
rally; was 200 or 800 feet distant; went in
,oat; got him; thought he was alive when l
cached him; feared he would die before
eaching the shore; laid him on his
tOmach; pulled for the shore as quick as
'OSsible; noticed no signs Of life when l
ot him ashore; when l first saw him in
be water he was struggling and making
or the shore.
DR.. NeWmark sworn: When he arrived
lie found the body on the sand, apparently
ifeless; could not feel the beating of the
ulse; kept up artificial respiration for an
.our; appearance Ofthe body was that Of
nan who had died of apOplexy; face livid,
yes CLASSY, pupils dilated; a sudden plunge
Then oyerheated would be apt to produce
pOpleXy.
DR.. Macari corrobOrated the testimony of
he preceding witness.
One of the jurors here said it was useless
o examine any more witnesses; if we don't
now now what this man died of, we never
hall know.
Inquest adjourned till 1P. NJ. Tuesday.