New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-06-18
TOPICS IN CALIFORNIA.
THE FINANCIAL STRINGENCY-DULNESS IN
TRADE-EVANS AND SONTAG.
,BY TELEGRAPH TO THE TRIBUSE.1

San Francisco. June l7.-While there have
been no failures Of savings banks in San Fran
CISCO the financial outlook is very gloomy. Money
was never scarcer than now. Tn" strnG"ncy 1als
most severely upon contractors and builders ana
upon those conducting manufacturing enterprises
Unless there is speedy improvement the sum
mcr will lac marked by many failures. Tie
recent suspension Of the Santa Clara Bank showed
how much speculation mixed with lc1tlmat"
business of several San Francisco banks, and gave
conservative men warning of unsupported weak
ness. The trouble with many commercial ami
savings banks in this city is that
they have made heavy loans on country
property and country enterprises, on which 10
money can be realized in an emergency. while
the value of the security hes shrunk materially.
The savings banks have also taken largo de-
posits from rich men. the sudden Withdrawal of
which would leave them powcrlesS 10 withstand
a run The managers Of these banks yesterday
decided 20 enforce the sXtv-dav clause on
time deposits. in orGer TO check any panic
among dcpositors. Husiness here will not i'm
prove till fall. ~ much money Is ta5cN TO ~"
Worlds Fair. Tho excess OF departures 10 IN"
East over arrivals the heaviest last month
Of any month since the overland railroad was
opened, and this balance against the State VIII
be continued for several months. Then, late IN
fornia ought to be visited by many thousands
OF tourists
The Far West has been aroused by the striking
exhibits at the Fair. The project Of WINTER
fair in San Francisco is arOusng much interest,"
among the people, but it is doubtful if it can bH
successfully carried ont because of the dulneSS OF
trade and tie money strincpncv. ON every mana
there is complaint of poor business and hesitation
In ror1 to burdens
The conviction Of Cashier John w. Flood for
cmbez7ling S164.oO from the ponohn"-k'lN
Rankino COMPANY created treat surprise here as
so many jury trials of similar cases have r"snl''d
in acouittal or disagreement that the public has
almost lost faith in the jury system. The
trial of the assailant of the millionaire,
M,ckav. was conspicuous instance of the
failure of jury to do its dnty. Here was
an old mininr-stock gambler, who never had
any personal relations with Macknv, shooting
down the principal owner Of COmstock mining .
properties because he had lost money in spc'u- |
lating in stocks Of In" mines that Mackay adcd
10 develop. IN Floods case the enforcement /
was clearly proved. and the cashier had no adP- !
uuatc defence What his counsel tried 70 estab- |
lsh was that permitting d"positorS to overlraw /
accounts was not ENFORCEMENT. hnt the force OF
tr;e nlea was lost because Flood refused TO 90 /
on the stand and give the names Of the men VINO !
obtained the banks money. ROOD VIII d" son
fenced next week The general opinion is that ?
he was made & dupe hy others, bt that th9sc
men had him in their power ana DlacRmahd
him without mercy.
No captnrc Of robbers since tho days OF
Joanuin Nurctta and TiburciO Nas1uez has cX- ,
cited 80 much general interest throughout 'ah- 7
fornia as the running down this week OF Evans
and Sontar. the train robbers. after ten u htlS
hunt These fellows robbed three southern PaGimc (
trains in the san joaquin Valley, Their Las, crns
heinz committed in August, le9?. n few dalS
after the detectives secured CLOVIS 20 them ami
captured George Sontag. who Is now III foiN"ni
prls,iN for lifc. The other two escaped ann
in the hunt for then IN the imllr
six wounded The bandits were fcd by the noun,
tainccrs who hate the railroad corporations, ana
they became so bold that they vcntured to visit
their home in Nisaa. Last week, however, Mar
shaI Gard of Los Angeles made up party or
four and started the trail Of the criminals HIS
men ali gun-hghtcrs, and after short s'arci
they surprised the robbers, and III not hght
wounded them so badly that they We're forced
10 surrender Sontag will probably die, but
Evans will he taken to Fresno and triol for the !
murder Of two of his pursuors. He will hang |
unless the Jury fails in its plain duty.
john Daggott the now superintendent of the
San Francisco Mint, has appointed Robert Barnett
of ColuSa chict clerk. lie VIII make 10 other |
changes until August.
Max Pepper was chosen chairman Of the Demo
cratic General Committee this week after very |
lively fight His success is regarded the first |
move in the return TO power Of the blind Boss. !
Buckley Buckley hos been in Europe for over |
two years. but he j. anxious 10 return. rs i" /
bribery charges that drove him into exile.