New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-08-13
TOPICS IN CALIFORNIA.
THE FINANCIAL SITUATION EASIER-DRA-
MATIC-STANFORD UNIVERSITY
lBY TELEGRAPH TO THE TRIBUNE 7

San Francisco, Aug. l2.-Bankers and mer-
chants all report better feeling in commercial
circles during the last three DAYS than for three
months. The panic among bank depOsitors i.
over, and every day sees large amounts drawn
from the safe deposit boxes and put into circula
ton. fortnight ago it was difficult for a
farmer to get money TO move his wheat Now he
pays a higher interest than usual but he can ce.
all the money he needs. In the same way the
fruit growers finding no trouble in selling
their crops, and canncres are starting up With
large crops California ought to make an excellent
showing this year, and unless there is a rcpct-
ton of the senseess scare of last month every
thing will come out all right. The movement Of
wheat is so great that the Southern Pacific can
not furnish enough cars, and will be forced to
call on other roads for assistance while the fruit
crop promises to be larger than for several years
There has been much discussion over the ap-
pointment Of receiver for the broken Pacific
Bank. Young Richard Mcdonald is understood
to he working for the place list of the de-
positors reveals large number whose names are
unknown to business men. These people down
for small amounts ranging from 800 to 81 goo,
and the unfamiliarity of their names leads TO the
suspicion that many of them dummies :"
The more the business of the bank is investigated
the larger appears the number Of crooked trans
actions that were conducted by the McDonalls.
b. means of dummy notes large sums were real
lied. and the mystery is what has become Of the
money?
Ground will probably be broken for the Mid
winter Fair buildings next Monday. silver spade
has been given for the occasion. The subscrip-
lions continue to come in rapidly, and the solicit
tors who have Deem out among business men re-
port much interest III the project. The total
subscriptions now amount to S335,6o0.
The State Board of Equalization in its efforts
to force the railroad company to pay back taxes,
has caused loss TO the California Treasury of
$500, 600 An investigation of the accounts for
three years shows that the RAILROAD company paid
in these years in excess of their equitable taxes
the amount mentioned.
A cold frost has settled upon Arstocracy' at
the Baldwin The audiences have been very
thin all the week. The critics say this is due
10 the bad acting of Barrymore and Blanche
Walsh But whatever the cause, there is no
doubt that one of Towards best plays cannot
draw good houses. All praise the play, but the
company has come in for some sharp criticism.
"ParrIasius" made quite hit at the California,
and Mantcll in the closing act was highly praised
Professor George w Bunnell, head of the Latin
nation was requested last May, will not be re-
stored W. Irving Hunt has been appointed
Assistant Professor of Latin, but Bunnells CHAIR
has not yet been filed.
Some sensational stories We're spread this week
about the financial straits of Stanford University.
The salaries of the professors two months IN
arrears, hut this is owing to the laws delay III
settling the Stanford will. All professor salaries
have TO 90 through the same routine as other
,inSt no fIfa
DELAY There is question, however, that ,niS
BIG estate has felt the money strlngencN ohe
sign is the practical Offering for sale OF the am
mails on the Palo Alto stock farm. Only lew
stations and brood mares will be left this iaIl
The remainder will be sent to the different East
ern cities to be sold at auction.
Several professors of Stanford are dong so9a
work during their vacation. Professor James +.
Smith has found large bed OF amin0nites OF ne"
forms and species on Mount Shasta. Professor
Charles H. Whitney has made special study OF
the effects of climate on anlmaS az Inherent
attitudes on Mount Whitney in the hgh Sierra
while number of professors and students nave
studied low forms of marine life in Monterey
Ray Ex-President Harrison win not come out
here till February TO deliver his course OF Ia"
lectures.
An extraordinary ontbnrst OF lawIessness ma; ma
occnrred in Fresno which is crowded with IDLE
men Many incendiary fires have been set, anu
warnings have been sent out that the whole TOWN
,yould b, DESTROYED. Three fine business blocks
were burned and several large rasin- packing
houses No motive can be assigned for the acts
Of these ncendiares, a. il is neither robbery nor
ant-C chinese feeling. The city is beng patroiieu
hy citizens, and any incendiaries VINO are caus"'
will be promptly lynched.