Pioche daily record. [volume] (Pioche, Nev.) 1872-1876, 1875-09-02
MATTERS AT THE Ray.

Yesterday the scene on California
street was like that after q destructive
storm. Everybody wanted to know what
damage had been done. and all were
more or less sympathetic. Bankers and
brokers were subdued, and they sadly
shook their heads when the failure OF
the Bank of California and the sudden
death of William c. Ralston were mem
toned. The death of the bank Presi-
dent undoubtedly had much to do with
staying the fury of the storm, and many
timid persons found safety in the calm
which followed the closing of the great
bankers earthly career. The crowd on
California street was not SO great as
might have been expected, and men were
neither loud-spoken, close-fsted, nor
angry; but, on the contrary, O DISPOSE
ton to help each other was manifested,
and banking institutions were never
more liberal in their dealings. 1t was
the opinion of the majority that the
panic was over and that in q few DAYS
business would be resumed as usual by
the solvent banks. The massive build
ing Of the Bank of California was, of
course, the great object of interest, and
the banks failure and Mr.. Ralston's un-
timely death were the especial topics of
discussion. Persons most deeply inter
ested, however, were, as general thing,
contented to wait patiently the final set
Element of the banks business, and had
confidence that they would receive the
full amount of their deposits. Some few.
who lost their self.control when the
failure of the bank was first made public,
had not recovered their equanimity,
and they walked about complaining of
sleepless nights and severe headaches.
The mourning drapery on the building
reminded them OF tho city's great loss,
and with the spirit of brave, big. hearted
Californians they turned their eyes from
the bank. and, hoping for the best. with
drew from the scene. Everybody con-
graduated themselves that San Francis
co.'s Black Friday" had not been more
disastrous. Managers OF banks seemed
to have somewhat recovered from the
shock and spoke cheeringly of the fu-
ture. Attention, when distracted from
the Bank OF California. was divided be.
tween the Merchants Exchange Bank
and the National Gold Bank and Trust
Company. Both Of these banks have, il
is confidently believed. a irst-rate foun-
dalton, and all that they need is little
time to give them an opportunity to re-
cover what is owing to them and to
realize on some Of their securities.
The Merchants Exchang Bank Ia ne
gotating for $1,000 600, and this they
expect to secure. Their assets are far il
excess Of their liabilities. and this il
likewise the case with the National Cole
Bank and Trust Company. There is
balance of about $4,000, 900 in the Sub
Treasury. which will be placed on th,
market this week. Already bankers ant
brokers are anticipating a good marke
just 80 soon as the Bank of California
affairs shall have been put in fair wa,
for settlement and the Stock Board
shall have resumed business. Unit
some reliable statement is made con
corning the status OF depositors il
the Bank Of California, it will be ion
possible for brokers or their customer
to know how they stand. There seem
TO be some uncalled-for uneasiness O
the part of holders of gold notes concern
ing their redemption. There are tw
banks Of this character in the city, an