Daily Los Angeles herald., 1878-09-04
Morning kilograms.
Passengers Gotng souin.

hAN ENNAt Ohl.t Foept' q. niSs
Bailey, Miss Gray, Mrs Wells, w
Gates, wife and 3 children, J Ba.
moth, G Yemoil, M Marshall, A
RothchiId, BIC Morehouse, Il B
Mcdonald, Chas M Mons and wife,
John McCalfertly, G M Kirime.
Another Bank Suspension In snn
EfnnelscD.
SAN FRANCISCO, Sept. 3.-The
Farmers and Mechanics Bank of
Savings closed its doors this morn.
Ing, and posted up notice to the
effect that the Directors had order
ed the bank into liquidation,
but assuring the depositors that
the assets were ample to
pay all their dues. From informa-
tion obtained from officers of the
bank and the Bank Commissioners
it appears that the bank had u
nominal capital of $150,000, Of
which, $4,000 was paid up. The
[concern has been doing Il
mixed commercial and savings
business, despite the law
which permits no savings bank
to engage in commercial banking
with paid up cash capital of less
than 100000. The suspension is
mainly due to bad loans on com.
mercial paper, the commercial
loans considerably in excess
of commercial deposits, showing
acareless ~ use of saving deposits.
The assets of the bank are, howev-
er, sufficient, with proper manage
ment, to pay the depositors in full
at an early date and perhaps
leave something for the stock
holders. The Directors announce
their intention to levy an as.
sessment If necessary, to make
the depositors good. Nearly one
third of the stock had been bought
in by the bank in settlements with
holders. The banks real estate. to
the amount of something over
100000, has deteriorated about
$4,000, and there are some $37, 900
of bad or doubtful loans; there is
due depositors about $4,000. The
Commissioners gave the bank
authorities their choice of repair
ing their capital by the addition of
about S5000Gsand conducting a
purely savings business; making
up a cash capital of 100000 and
going OH as before, or going into
liquidation. The directors chose
the last course.
AT the office of the Justice Min
ing Company, the reports that Il
compromise with Alta has been
definitely arranged, are denied,
thought is iniimated that a solu-
ton of the vexed question ia not far
distant. =
san Frn"ciseo-iseart Disease the
Cause .sf nnigaa'- heath.
SAN FRANCISCO, Sept. 3d.-An
autopsy on the body of ex-Gov-
ernora Haight last evening showed
that deatA.restifttsfi frefff heaft' dis.
ease.
EX-Supervisor Kelly, who killed
Russell, has not yet been re-arrest-
Ell, which occasions considerable
comment.
APesiisas. ,o Es..nstugtcy
SAN FRANCISCO, Sep. "a mong
those who filed petitions in bank
ruptcy at late hour Saturday
night was A. p. Stanford. His
schedule makes his liabilities $685.
959.29, oil unsecured, of which
$85, ,Oa0 is due Leland Stanford and
$2l,700 due the estate of w. A.
Bourn. No assets.
Renrnsy lea NewsrE.
NEWARK, N. j., Sep. 3.-Kear-
ney addressed about 6,000 persons,
mostly workingmen, at Military
Park, this city, last evening. A
platform six feet square had been
erected, from which he spoke. AS
usual, lie stripped off his coat and
rolled up his sleeves before COM
mencing. a brass band was pres
ent. Joseph a. Beecher. oditor of
the greenback organ, was chosen
to preside. He introduced Kear-
ney, who spoke for an hour aud
three quarters. The audience was
enthusiastic, but orderly, and ap-
plauded frequently. Kearney said
he wanted to talk as an ignoramus
to ignorant men. He had been
charged with talking for pay, but
he did not want to be classed with
Henry Water and Bread Beecher,
who charged dolla- and n half to
each listener. He continued in the
same strain as at other cities,
denouncipg the local daily
papers as the slimy sheets
of Newark and the proprietors as
slimy imps of hell ,and praising the
Greenback organ. Speaking of
lecherous bondholders, he request
ed the reporters to spell it "lecher-
| ous." He ascribed the present
troubles to Republican and Demo.
cratic thieves, who have oppressed
the worklngmen down to 20 cents
and find their own soap. He
strongly advocated greenbacks, say
ing that with them we could sweep
away the lecherous capitalists.
The yellow fever pestiience, he
said, was due to Congress, who had
let the levees get rotten instead of
employing poor men to rebuild
them. He asked his audi
ence whether they would vote
the greenback-labor ticket next
Fall, and to an affirmative vote said
that fifteen thousand men had voted
to support the ticket, and therefore
it must be elected. He then re.
viewed the Chinese labor argument
and repeated the story concerning
the black crow. He denounced
Secretary Sherman, saying that the
latter's recent speech was never de.
ljyered. He urged active political
work next November, and closed
with n roetical quotation.
He used the same epithets
| previously reported. At the men.
tiou of Buffers name he called fol
three cheers. Altogether, with the
exception of the local allusion, his
speech was little different from his