New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-08-06
TOPICS IN CALIFORNIA.
,poKLEss FINANcIERING-GoLD MINING
REv1vED-A SALE AT PALO ALTO.
IBY TELEGRAPH TO THE TRIpUSE.1

Eel
San Francisco, Aug. 5.-Manv figures nave bccn
.ublished here this week in regard to the 6nan
x.,inr of tho Pacific Bank management tn.
,.velstions have amazed even those who spn
.o.ed they were familiar with the reckless sco,
ts.inr of money by the two Mcdonald brotbers
The amount loaned unsecured notes is ver,
large and the speculative enterprises which these
secalled bankers attempted to boom with the
csin of their depositors swallowed over a million
and half dollars. Attorney General Hart. q,
California has been proved eupable for his failure
10 proceed against the bank more than year
ago. but the fact that he was on their books for
$4,000 borrowed money may have had some in
huence in checking his ardor for reform From
nrcsent appearances the bank can never be re-
yyed, unless old DR.. Mcdonald agrees 70 sink a
GOOD million dollars in lifting it out of the mire
The exposure OF the rottenness of this defunct
bank has had no influence on other institutions
here Money is as tight here as at the East, but
there is little prospect of another run on the saw
ings banks Every is looking to the Mid
winter Fair TO aid business The managers have
decided to 60 ahead despite the fact that they
vet lack over 81 90, 900, of the half million which
was originally fixed as the limit before work
would be begun So much interest has been
shown, and the small subscriptions have been
coming in so rapidly, that it is deemed safe to
proceed Tic best designs for the five buildings have
been prepared by A. Page Brown, a local archi-
tect who has united the Moorish and Spanish
Californian styles and developed them in very
picturesque fashion.
The drop ir SILVER has been a godsend to the
gold miners of California, for in sixty days the
revival Of quartz and placer mining in the Sierra
and foothill regions has produced over S4,0OO,OOO
in gold. Many abandoned claims arc being
orened, and no such energetic prospecting OF old
fields has been seen for twenty years as is now
going on in California in Tuoumne, Amador
Edorado and other counties through which the
great mother lode' extends. With ncw APP
planes much which was formerly thrown
away is now worked and gold mining promises
to soon take the prominent place in the resources
of California which it held IN early days.
The announcement of the sale of the greater
part of the trotting stock az Stanfords Palo Alto
ranch has greatly SURPRISED California horsemen.
they looked on the breeding farm rs one Of the
State institutions II is understood that small
number Of the best brood mares will berctained but
all operations will be cut down TO the lowest figure
One reason given for the sale is the lack of
ready money TO pay the current expenses Of the
Stanford University, which are said 10 he fully
$4,000 a day. Salaries alone amount 10 over
$500 daily. and there is much building going
None Of the real estate which the Senator be-
Gueathed to the university brings in any revenue,
20 that all the returns come from interest on
s.. 500. 900 lcf. to tie institution by Mr.. Stan
ford's will
The boundary line between California and Ne
vada will soon be surveyed for the third time
This survey is intended to settle all disputes about
territory as the two previous surveys differed
materially In the debatable land which one sur
vey said was in California and the other IN ore
ron. the residents have paid no taxes for several
years 1t was 10 end this anomalous state Of
affairs that Professor Davidson ordered 10
make the new survey. lis men are IN the field,
and the work will be finished in about six weeks.
The new cruiser Olympia went on the dock thus
week al the Union Iron Works. and il is hoped her
trial trip may be made next month. If ing VI.
Scott her builder, is sangulne that she VIII make
better time than the Pirate. Her required speei
is twenty knots, but those who have examined
her say she will make twenty-onc knots without
effort. About the time the Olympia returns from
her trial trip the big battcship Oregon will be
launched.
Bronson Howard's "Aristocracy made Il hit
at the Baldwin this week. but it was seriously
injured by the singular acting of Maurice Barry
more in the role of the Californian millionaire"
II he had taken the pains 10 make mp IKE MdcNal
or Fair or Sufro and had also initiated any or
their well-known tricks of speech or manner ne
would have made a ten-striie.' As IL Is, this
californian millionaire talks with an EngIlsIi
accent-something which 10 one Las ever seen III
real life.
One Of the most celebrated viii cases Ill TINS
State will soon be settled. 1t involves the prop
ertv of John Martin, a rich cattle falsf VI
Trinity County, who married a NouhE woman III
his old age Two years after, lie ulc4 uiiu'r III
cumstanccs which suggested arscnical p)l"ohlh''
but the body was buried without post-nOrtcm ne
cause of the widows objections To mu,Ilauh9 w
corpse The production Of a VIII haNms IN.
widow the bulk of the property aroused su'Pivion
~ foul play and after ii year the relatives nav
had the body eXhumed for analysis. II was louhu
almost perfectly preserved, but the chemists haNc
not yet made their tests
Several residents on tho Colorado Desert, who
have come into Yuma this week, declare thd' ,l'o
old prospector Terguson's story OF ruined pr Pr
historic temple i'll COcopah tounty, hrar 'hc
MEXICAN line is a canard. these people, MI'p
know the desert thoroughly, say that no SUN
architectural remains could he az the spot III
dicated as the country is regularly 'raNcr-N. ~
winter by cattle herders. Ferguson hinlscii Is
nor known in Yuma, the point at when NJ pro
fessel 70 outfit for his prospecting tour. via.
conN induce him and his companlohs 70 ihNrIi'
the tale masses comprehension. ne ana MS lei-
low-lars will be roughly handled by the dupcs