, 1876-01-20

will re convene ON Monday. After this
decision was arrived at, semi-official
announcement was published that M.
Buffet would countersign the proclama-
ton re-affirming the programme CT
Feb. ~, 1875. The tenor of this an.
nouncement convinces every one that
crisis continues. If the entire Cabinet
lad, as agreed to, kept silence and all
lowed MacMahon to speak alone, Buffet
hould have undergA ne defeat, as Leon
Says resignation, which be provoked,
would not have been accepted. Buffet,
by signing the proclamation, gains
double result. He puts himself forward
as the inspmer of the President and
pledges the Cabinet, collectively. to the
policy set forth in the proclamation.
This means that Say and Dufauer can
retain Office only because they have sac
rifced their wills and ideas to those OF
NJ. Buffet. Say and Dufauer doubtless
yielded because they felt that the pro-
longation of the crisis was perilous.
The peril, however, has simply changed
shape by means OF the proclamation.
MacMahon, instead of the Cabinet,
enters the electoral arena and endorses
Buffet's policy, which it Was destined
to defeat. The principle of the pro-
gram me is to oppose as enemies Of
order, those who demand a revision of
the Constitution before 1880. or who
attack the prerogative of the President.
The Journal des Debates asserts that
Leon Say remains a candidate for the
Senate in Seine. st-oise on the same list
as before.
The proclamation of President Mac
Mahon. countersigned by Buffet, was
published to-day. In it tbs President
appeals for the support of Law, order
and good government at the general
election and hopes the country will se-
cure the necessary repose after being
torn and distracted by agitation, discord
and misfortune. He says it is known
he did not desire his present power but
having besn invested with it, France
could rely on him to exercise without
weakness. He hopes God will aid him
in tie fulfllment of his mission. The
President also says he thinks the coun-
try's institutions ought not to be revised
before they are honestly tried. The
conservative and truly liberal policy
which he always intended to pursue
should prevail.
WASHINGTON, JAN 13.-The Senate in
Executive session, confirmed the nom
ination of Chas. Hopkins. United States
Marshall of Washington Territory.
HARR1sBURG, Pa, Jan. 13. - The
House passed resolution this morning
requesting the senators and members of
Congress from Pennsylvania to vote for
81, 500, 90 as Centennial appropriation.
New YORK, Jan. 13.-Gold closed at
12T.
San FRANcIsco, Jan. 13.-The Legis-
latiye Committee on Commerce and
Navigation continued its investigation
into the condition of steamships of this
port to-day. The evidence of some
mechanics was taken to the effect that
several ships on the coast are in a very
bad condition, decayed and unseawor-
thy. 1t will be attempted to be proven
that some half dczen vessels were
purchased by Goodall. Nelson & Per
kins Steamship Co. from the Pacific
Mail Co. at price less than the amount
it would cost to have built one of them.
The inquiry will be resumed this after
ternoon.
Another chapter int.e second history
of the failure of the Bank of Califor-
MIA has come to light. The Examiner
last evening. published an extract from
a letter from the San Francisco cores
pondent of the New York Sun, dated
December 9th. 1875, to tie effect that
the Burling Bros. had commenced pro-
ceedings against the Trustees of the
Bank of California, charging them with
such negligence and misconduct in
the management of the bank MS to rem
der them personally liable. The com
plant was prepared by Hall McAllis-
ter. and among the material allegations
were that Ralston had fraudulently over
issued 900 shares of stock of the bank |
and had allowed sundry loans and over
drafts on the bank to an amount aggre-
gatind about $4,000, 600 to $4,000, 900,
and had appropriated to his own use
81. 500, coo and that when the Trustees
of the bank saw the complaint they set
tied with the Burling Bros. on their own
terms. On inquiry from competent au-
thorities, the facts in the case appear to
be that the Burning Bros. had borrowed
money for Ralston, giving their own
notes for the amount and taking bank
stock as security. When the bank fail
ed the Burlings found themselves owing
several hundred thousand dollars on
those transactions, withou! security.
The stock Of the bank being then of no
value there was disposition shown on
the part Of the bank authorities
to leave them to carry the burden.
They accordingly brought suit as
above described. On which, COM
promise was offered. Sharon. to whom
the Ralston estate had been turned over,
settling with Burling Bros. at Is cents
on the dollar, leaving them to shoulder
the balance of the indebtedness. The
suit nevei came into Court and has been
kept yery quiet until the present time, |