Chicago Daily Tribune Newspaper, August 28, 1875, Page 5

RALSTON'S RUIN It Is Completed by the Tragic Act of Sclf: Destruction. The Ruined Bank-FPres- ident Seeks Rest in Death. fHo Swallows Poison, and Then Drowns While Bathing, Wild Excitement in San Fran- cisco Over the Terri- ble Event. Further Tarticulars Concern- ing the Great Bank Failure. #t Now Appears (hat ho Olher Banks Will Withstand tho Shock ; And that Disastrous Effects Will Not Be Gencrally Experienced. The United States Govern- ment Lends Timely Assistance. No Serlous Disturbance " in the New York Moneyl Market. Gentiments of Chicago Bank- ers Concerning the Failure. 1t Was Decauso tho Bank Went Out- sido of Iis Legitimato Dusi- ness, Many of Them Had Long Been Ex- peoting the Catastrophe. The Depressing Effoct It Will Exerciso on the Pacific Coast. (t 1 Impossible that There Should Be Any Panic in Chicago. Possible Effect in Europe. THE TRAGEDY. RALSTON COMMITS SUICIDE. POISON AND' DROWNING, Dusvatch to The Chicago Tridune. Bix Fuancisco, Aug. 37—8:20 p. m,—Ralston Bas committed sulcido, and tho tromendous ex- cltement of tne peat fow days has been to-night broadened and intonsifled falrly into s whirl- rind of demontia. No earthquike over shook the aity sa did the wildfira intolligence, which ewept from bundreds to thousands ot mouthy, and out of thoueands to handreds of thoussuds ,of mouths, conoorniug the wetf-dostruction of the ‘ruined man who for many summers of golden glory .bad boen tho gonerons Almconss of ibls Ocel- dental Rome, Mon, muttering the despest of ouraes upon his boad, rushed Into tho quiokiy~ !ormiug group, heard tho nons with falling Jaw, and wept, as Crosar did whea Pompoy's 0ad was 1ald belore hira. B THE NEWS AT THE BANX. Late In the afternoon jthe crowd around the corner of California and Bansome strects grow furthor out into the sbreet, and a hackman who had brought #man to the bank » moment before toid the sgitated masa of peoplo that Ralatou was dead, ~thatha had drowned himsolf—at loast, that his body hiad been found on the beach near the ‘whart s Belby's shot-tower. Tho hackman was unable to tell snything more, boyond tho’fact that the gouotleman who waa in the baok, and who had come to inform the Baak Di- vectars, had left the body with s po- llcemau, and many of the crowd started for the north partof the city, where the corpae wea gaid to have boon fonnd. ‘There they found TR NEWS CONFIRMED, thongh the body Lsd slready baen removed to Gal. Fry's Jackaon strest vesldence, It seoma that the wretched man had beon driven toa ‘Dathing-establishment, had entered the water, snd there courted a sleep from which plerclog olamors for borrowed millions could not awsken bhim, Asif fearful that any single meansof selfdestruction might fall, hehad firet awal- lowed a dose of polson, 119 the Ansoctated Press.) TUE BROIT. Bax Fsaromaco, Aug. 37.—The grest exclte- ment lo the city at the death of Ralston over~ sbadowa avery otber topic. HOW UN XILLED HIMSELY. From the best information {¢ appears thst he ‘went to the sea-bstbing estatlishment, at North Beach, about 8:35 p. m., undressed himself, went into she water, awai sbout 200 yards, and disap- peared bolind & vessel. Boon afier hlx was discavered floating by the Belby lead-works. It was brougbb ashore, STILL ALIVE, and physiclans symmoned, but all efforts 10 re- suscitate him failed. lle died atten minuies to b o'clook. Col. Fry, his father-io-law, Msyor Otis, and & number of prominent cliizens, ac- rived before he expired. NOTHING WRITTEN. Col. Fry and Capt. Leea went Lo the bathing- bouse and obtatned Alr. Raluton's clothes, In thess were found a few dollars, his statement to the bank, but nothing baviog s teudsuoy to show tbat he committed multide. % The body was conveyed Lo No. 1813 Jackson street, reaidence of Ool. Fry. WHAL A BOY AW A boy pamed Festus Mazzels atates that he @aw Mr, Ralston bafore be reached the bath- biousey saw him sib olay bank nesr the v_ll‘!flllzllfll | 00W Bing Soas Up aovarad wm pid oy toe wreps lale e waien ¢! made for the pleces, but nons could rearch bo found. ANOTES MUMOR, Tlo atno was reporied to have been réen to driok the ocontenta of & phisl bofore going loto the watar, The goneral improssion is, tliat e tnok potaon bofora wutering vhe waler. 1A REMIONATION, Tte Bosrd of Ditectors of the Bsuk of Calt- totata had hald s moeting to-dsy, and [talaton had been roqueated to romign as Premdent and Dirscior, which he had done, ANOTHER DISPATOI, Special Davatch to Tha Catcage Triduna. 8AN FRanciaco, Ang. 27.—At 5 a'clock thls aveming the throngs on the stteeta were shocked «ith the rumor that Ralston biad committed sul- ode. Inquiry s0on revosled the fact that Rale wan haa been drowned in the bay in & manuer whiioh loft it doubtful whothor 1t wan accidontal or intontional, he baving bosa fa the habit of taking an aftarnoon bath st the North beach. To.sy ho went ae mmusd, undressed, put an & bathing suit, went into the water, swam out somo diatanco, and wan seen wtrugglivg 1o tho wator, A boat immedistaly went out and bronght tho budy to tho shiora, Physiclana woro aummoned and nmed sil meana Lo restoro lite uusuccennfully. Ralston'a clotbes contained & faw dollars snd & statement of the affalrs of the bank, Lut notbing teod- tng to show bo committed sutcide, ‘fhere ars various fumors to the effect that e was noon to drink somothing from a bottle afao Lo tear up papers befote entoring tho water. Bot these are not confirmod. The proprictor of ius batb-houss whero Ralston undrosaad esve be was su excaliont ewimmor. His maoner to- day was oot unusual. DE MORTUL. Ris traglo death produces & prafound seneation, not less thaa Vaoderbil's or Jay Gouid's would - Now York Many residouts of Chicago recoiloct bis apacious maption sad princely style of entortaloing Ruests from sbroad. Ife Las been ons of the most praminent capitalisia on this coaat, and as boe a foador and founder of many indus- trial catorprinos, tho latcat of which was the ea- tablisiment of the Cornell watch factory st this oy, whict waa principally due ©o his aseistance and enerRy. TOE STREEZTA To-NIONT resombled » mintatwis pandemonium. They wero Hillad with excitad throngs to alate hour Mon, women, and children discussing the evants of tho day, sud nowsboys shouted extra editions of 1hie various city papers on all Lthe atroots. WILD RUMORS cironlating, reported Clark, Telter, and Brown, Caablor of tho Bank of Califorois, having com- mitted suicide. Both reporia wore unfounded. All look forsard to-morrow with hope, mixed with anxdety. FALSE BXPORT, 8ax Paanorsco, Aug. 37.—A report waa ciron- Iated to-night that Joha G. Clark, Chiof Telter of the Baokof Cslifornia, kad committod sui- cido. ‘This e7omiog tho report was disproved by Clark in person. RALSTON AS A MAN. TOE FEELING 1N BAN FRANCISCO. Bvecust Duvaich o The Chicane L'ridune. Ban Fuancisco, Aug. 27—10:46 p. m.—The news of Ralston's self-destruction spread like wilafira throughout the city, snd was the occa- sion of universat comment. Ralaton, persovally aua sacially, wea extremely popular, and, sl- though tho act is charactotistic of the man, bis sulcido has crosted gouotsl sorrow. ITo was Javigh of his monay, & fiboial patron of talent of whatover sort, and ontortained liko a Europesn poteutate. Nest to the DBank of Call- fornis, the City of Ban Francisco was his dearcst pride, and the pains ho took todotho hanora to vistors from the Eastern States will not soon be forgotien, either by the rociplonts of his sploudid Loapitality or tle city of bls residence. RALSTON'S CELEURATED QOUNTRY-SEAT, where savoral thoussnd guests have baen entor- tained during tho past ton yoars, was about 25 miles south of Ban Francisco, in the Han Mateo teglon. The house bas the appesrabca of a great baronial ball. It stands baok in the small valloy called ‘Bohnont, within & few minute's walk of tho San Josa Raflway., A grove of live osks sur- rounds it, aud the recosses and hills hide it from the winds. Tha gisss aud nalghboring mendows aro irtigated by monus of wolls, windmilts, and force-pumpe. In the stables are atalla for forty horses, and about ¢wenty driving vohicles, It was the habit of tho proptictor to drive to the clty ond back, s matter af 52 miles, nearly evory day in the yosr, holding the rolua himeell, His mansion in tastofully ornamented with pictures, marblos, and furni- turs from Callfornis woods, and it contains about forty bed-chambers, RALSTON'S LEISURE was ohiefly givon to impressing strangers with the resources, comforts, and climate of Califor- aia, and he nover appoared to be so happy as when showing foroirners or Eastorn men of lufluence tho road snd b sconery. Hia band wasin every improvemont and iostitution of the mo- tropolis, and yet ho had a disliko of genersl pub- Mcity, and could fn no way bo_souner offended than by newspaper adulation, Pooplo who lived for themsalves looked with astonishment upon the apactacle of his flying team, carrylog to his privato hospitality travolera from all nations ; bt a4 to bimself, Lis possessions, or his remi- niscences, hie was uniformly roticeut. —_— THE CRASH. SAN FRANCISCO, TUZ RUNS. Bpacial Dispateh to the Chicago Tribuns, Ban Faaxcisco, Aug. 37.—All money-panics presont simlisr festurea. Ban Franclsco to-day rosembled New York on Black Friday. The demanding withdrawal wera promsntod, gauerat opluion thin sftarnaon in that tha wornt of the troubln s over. Most of the amall de- ponitors sppear 1o bo satisfied witl sasurancos that the banka aro porfectly ableta pay all de- mands, NEWAPATRR COMMERTS. Tho Bulletin to-day says: *Thora {a no dis- gulmng tho Tact that prudent menhavo obeorved tso cours of Ralaton for mure than 8 yoar pact with xnxseby, Moraseenntly homado mang traun. forn of property, whilo Iarge stockhoider in the pank havo beon diopping out. 1. O, Miile, former Pronident, Nictotan Luaing, or William Shsron, and other Iargo atockholders now do not probably hold moro than A mern nominal amount of s:ock inthe hank, ‘The public hasn-t Tooked to Italktar fac som= time sa faruishingany strong gusiantenof socurity. I'robably throush liin rocent trausfora of propoily Halston beeaine ona of tho largent lioldors of tho Dank's stock, and it wan manifost that hin financind policy lind brought tha Dauk wto difMicnlties. 1E fts condi- tion bad baen at all hopoful duzing the last nive- ty dagn thoro would havo baen no histtation, on the part of capitaliats, ip rolioving it from itn prosent trotiblen. Tho real calamity avartook ihis iustitstion monthe ago. Tho culmioation was yestordav." [£0the Ansocrated Press.] THE WATIONAL OOLD DANK, 8K Franctsco, Cal., Ang, 27.—Tho National Cold Bsnk snd L'rust Com any sout 1n tho fol- lowing potica for publicatlon in tho morning papers : 10 consequence of the panto and the imposibility of obtalning coin, the Natiousl Gold Jtiok and Trust Company will close util further nolice, The bank lias $1,302,000 over and above ftu liabilitios, and ss soon an colu can be obtalned wil) resume Lusineas aa usial, 1n the meatime, any ercditor deriring 3t can have ood asects of (he hunk to the smount of hia claim, By order of o Board of Trustecs, Itenny L Davie, Ty THE MERCHANTA' EXCHANOE DANK. The Morchants' Exchange Bank cloned ite doora this morping. Tho Diractora bave pro- pared the foliowing notico fur tho aftoinoon papers : 1n onsequence of tho excitement snd _dissppolnt- ment fn getting com, the Dircetars drem it for the beat ntsresta uf all not to open our doars for tho pres- ent. Tho Socratary atates that the bank has $100.- 000 in coln on hand. The smount liablo on de- porita {s 2500,000, but inst that may be over 2400,000 v notes, Tho bauk is perfectly sol- vent. Tho oniy trouble is tho lack of coin. Thoro Is » run ou tha Loundon and dau Fran- claco Bank. Managor Latham asnertabis abitity to meot all domandu without Lronbls, Crowdy surround sho Bunk of Californis, the susponded Natlonal Gold Dank aod Trust Com- pany, aud also tho savings bsnks, but the action of officers of the latter institutions last night efoctually provonted & ruu on them. Ihe ex- cltement is great. Thero I8 a run on ail the savings banks, which ara pagiug esll doposits, but clsim thirty days’ notice on torm doposits. Thero aro no traneactions in stocks, and all business fa paralyzed, EXCITEMENT S8UBSIDING. BAN Fraxcisco, Cal, Aug. 27— p. m.—Tho excitemont soems to be subsiding. The erowd on Calitocnia stroet is much less than at tho opening of businoss this morning. The run on tho Loudon and Ban Francisco Bank has ceased, with a large surplus romaining n valnes, Thero was a alight run on tho Anglo-Calitornia at the opening, but, it acon subsidod. The Firat National Gold Bank reports every- thing quict, ‘The same may bo ssid of the Bank of British Columbia, Pscitic, and Commarcial Danks. Pricate bauk all report no excitemont, and overything I going on sa usual. All tho city banks are considerod sound excopt tho Bank ot Calforaia. dent, neyons. Tialaton says nothing i addition to tho stato- mants of yosterday, Maoy runiors aro current ns to tho conditionof the California Dank. One statomont, apparently from good authority, s that tho bank will pay depoeitors o full, and stockboldora 50 conta. On tho othor band, a prominent stockholder statos that tho utmost the bauk can do will bo to eatialy the dopositors, and ecarcolf that. Thore has beeu littlo rush at the Titbornian Savings Dauk, but the domands wero promptly mot within tho by-laws, Genorally kponking, CONYIDENCE BEEMA TO DF NETURNING, and it ia belioved that tho worst is over. But Jittlo unoaginoss ia folt as to the affairs of olther tho National Gold Bank and Trust Company or Merchants’ Exchaugs Dank. The former re- porta » probability of soon rosuming, though It 18 umabla to fis the timo. Thero is an abundanze of avatiable assots, sud they are onlv waiting tho recoption of com, 'Llie Prosidont this morn- ing stated that thoy pald out abaut ¥1,000,000 yeatorday, with a small supply leit, Tho 3or- strosts have boen flllod from an estly hour with: uneasy throngs, Crowds gathered round the banking-houses, and wild and exaiting rumora snd predictions provsiled. The largeat multi- tude sasombled in front of the Baok of Califor- nis, composed of merchants, mechanics, hrokers, with the prinelpal portion, however, mads up of cutious spectatars and (dla loatars. At the hour for opening the banka tue principal run commenced. TUE LONDON AND SAN FRANOIBOO BANK, Tho police wore kept busy In keoping the trantic throng in something Wke osder. Clerks were keps busy paving coin wifhout thought of rig. In two houra the Bank paid out up- wards of $600,000. At 1 o'olock adispatch was rocelved snnouncing that ©500,000 had been placed in tho Bup-Trossury at New York to the crodis of the Bank. This reiuforcement was geatefully recoived, though not needed, and the yun on the Bank almost complelely cessod. THZ ANGLO CALIYOUNIA RANK slso received 150,000 from Now York in trans. fers on tho Asslatant United States Treasurer in this oity. Tbis bank also paid every demand By2p. m. tbe tide bad turned, and money was pouring back into the vanits. The managor expeoted Lo have ss much money on haud at the closivg ss at the opeulog. MEBCHANTS' BICHANOE DANK apened at the usual bour, but the demand for coin was 80 great that the mauagers soon closed their anors snd annouaced that in cousequeace of the excitement, and their disappoiutmont lu not getting coin, they deemed it the best courso st present, The mao; expect that the bank '.‘x‘l' open Mondsy with sufficient coiu to pay all oalls, A sull run commenced on . TUE WELLS YARGO BANK, tuk the officers declined to stase the smonat paid out. Several bundred thousand dollars dis- played on the counter soon cheoked the run, and the bank resumed ordinary business, EXPECTATIONS, The Nations! Guld Back & Trust Compsny expect to reopen Monday, The ssvings banks all bave a legsl 7ight to demand thirty days' written notice befare 188 psymend of sums over 0100, - Moas of , tiem Sheme sslvse of (his provialom) bed oy maay notlesy chants' Exchance Bauk {s belioved to Lo gound and the easnension only tomporars. It 18 stated on presumably good authority that nome hatf dozen heavy stock-brokers aro likety to go down. Nonames givon. No commercial falluros yot _roported. Squeozs oxpocted next Monday—colfoction-day. The eavingn bauks during the day have boon doing us 1l husiness, deposits in some being larger thau dispurse- moots, No excitement on that Jino. THE CHAMBER OF COMNYRCE hold a meeting this afternoon, and dooided that it would probably bo more iojurious than bone- ficial to take any action looking towards s post- ponemont of tho ordinary mcoounts or noles maturing noxt oolloction dav—3Monday. The mesting was very Jargely attended. THE CITY FUNDS. City Tax-Colloctor Austin hiss $275,000 of pro- teeted tax monoyn ou doposit in the Dank of Califorola, for which ho has cortificates of special doposit. Tho Dicactors assuted the Golloctor this morning thst tho money would bu pad in a day or two, A rumor, not yet confirmed, says Ralaton lisa turned ovor lus private meanu to tho bauk, THE VERY LATEST, UOPZYUL. Baw Frawoimco, Aug. 27.~As rogarda the financial prospeot, in the best-lnformed circled it ia pelisvod that all the baoks wil go on with out furiher troublo. and that the National Gold Dank and Trust Company aod tho Merchants® Exchange Danks will zesume Monday, The town i full of ramors. The streot at tuis hour (8p. m.) Is crowded with peopls, 1t is under- stood thiat, owing to the exciied feeling mani- fosted. arrangomenta have boen made to call out the military to presarva order (£ necesaary, CAUSES AND EFFECTS. Ban Fnawcisco, Aug. 27.—It is diMcult st presant (o state the effect of Ralston's failure to the manufacturing enterprisos in which ho wi intoreated. 1t is foared that tho Kimball Maou- facturing Company will hardly survive (bo stock. ‘The rolling-mills aro in better condition. ‘The Coroell Watch t'sctory will proLably Lo re- riously crippled. 'The elfect of the fuilure on the mining stocks cannot bo eatimatod, 38 as present thero is no market. Bome of the wauy theories advanced s to causes of the failure are: The souding wovey ont of tnv city to buy wheat ; locking up of com by other paruies ; speculations in miniug-stocks, eic, A statoment made by Mr. Ralston will be of i t. Thronghout all the publio interviows yosterday and to-dsy, Mr. Ralaton siated re- peatedly that the sisponsion was not owing 1o any hostile act by adverso paities, and that the best of ho\(uli orovaiied beiwesn him sud the parties who have bean credited with tne lock-up of coin, At an iuterview last evening at Mlr. Ralston's rosidonice, bie repeatud that as- sertion in the presenco of other partivs. As the reporter lofs the room Halston follow: him isto A hall, and unid nado as to tho canges of the (allure are my statemsnts (0 the world as s wattor of personal sud privato infor- mation. 1 toll you that this Iailure is the ro- sult ot porsistent effort for monthu to break this bank.” Uuder the present circumstances tho rior believes it proper 1o make ihis publie, s strests are utill full of people, but the crowd e disposed to be qulet sud ordecly, though some teeling of nneasiness is evideut. Exira precsution Las bsen t by the Polica Department {o prese:vs ordar, anl it ls believed ho svenivg witl pass off undistusbed. NEW YORK, YEE ANNOUNCEMENT I¥ WALL STREET. Special Dvaich to The Chicago Tridune, Naw Yoax, Aug. 27.—ibe saduouncement of the failure of the Baok of Califoruis Wse res oelved hare om Thursday migas aboUs 8 9'cloes, o make it public in the atier- noon papors, and, except n taw mercnants and bankers to whom piivata information was con- yovod, the exciting Atory wan wnsudan. The morning when tho varions oxcliangos oponsd & tutla (aoling wam obnervible, and in the Stack Txchange the whola line of atocks f#ll off from 14 t0 2 por cent, but accomranied by very litta excitemont, In tho Gall Board woll advacesd b an the fiest appracinble effect of tho Cal ornn (aitaren. Nubsajuent noes’ feam Cal- fforuim, which reachsd Now York about 2 a'clock, 80 tho effect that the Nafiaal Gold Bank Liadt faited, thae tho Stock Exchangn hiad clowed at ialf-pant 10, and that sibasquontly all ex- chiangan hiad been closad, eroated no norcoptible feehing, aeloadt bo agitation, in this market. it wwas moro appsrent than vvor that Naw York was to Yan Franciseo what London s to New Yotk, and Lo Keveress pilantion thare DID NOT AFPECT THE PULSE HERE There was o panicky feelig on Wall streot whatover, ‘The nows from Caltforma had boon supplemented by tue announcemant of failures in the mugar lino at Baltimore, but this did not disturb the Prodnes Fxchangs or ganeral mas- Kot, ag nonio of the firm's halnliticn wero Lield here. Bankers and others an finnncial opera tiona do not appest to have baen surprised st the faillure of tho Tank of Califsrma. and say thes will not bo astouisbiod 10 leurn thiat it hw carricd down soveral othar concerns of the 8o renoral character. Ralston, tho President, i looked apon an cns of thn mont derperatn rpeen- Iatots on the wholo Pacitic const. aud it bias heen for a long whilo past that tho obligatious of tho bank hava beon st A VERY HIEAVY DIACOUNT inthin markot, sswell as tic homs market, Yoty littlo fs yet koown of tho circnmntancos of the famlure of tho National Gold Dank, but, as I case of the failure of the Bank of California, itin atiributed to gen- eral speonlation In mining ptocke, Tho feeling hero I3 entirely bealthy. No failures or rumors of failuros are huad to-might. Wiat effect it may bave in a day or two, upon later advices, it i smpossibia totell, but for the prosont markots ato atrong nbder the circumutances, and 1he ri<o {0 gotd and fatl iu locks is much luws thun was auticipated. (70 tne Associated Prest) E WALL STRERT. New Yonx, Ang. 27.—The nows of the snspen- sion of tho Dank of Califorma, this tormug, praduced conuidorabla excitewent smong do- Dositors and creditors geverally of thut inktivu- tion fu (his city. The offices of Laidlaw & Co., tho agents of that bank m_ this citv, have, sinco thie oponing of the doors at an early hour, beon thronged with auxious inquirers, In obedience to instructions recoived by tolegraph, no checka wora cashed. The eonfor metuber ¢f the firm waa asked for information concorning tle con. dition of tho bauk, aud of the afTairs of Laidlsw & Co., indorendently of their sgency for tho Dank of California, but ho repliad that ho could eay nothing. Among tho vieitors who wero anxioun to obtan money for paper were four or vo Chinamen, who peraisted in lingering about sfier they bad been assured that their paper conld only bo casbed In Sau Francisco, on pro- soutation at tho bank. THE CENTRAL TACIFIC. Tisk & Hatch eay that the Bank of California had no in*erest ay iuvestors in tho Centra Pacific Railioad, Tho Secretary of the Com pang iu this city confirms thia statement, bmt soys that the Ceotral Pacific Railroad hal an uc- couut with the baok, and had mado loaus from it. Ho biad not beard that the condition of the bank bad Loen considered unsound by bankers. Porsony intorested in tho affairs of the bani aro positivo i their assertion that tho bank will, after & sbort time, bo ablo to fully satisly all sty croditors. MINING BTOCK BPECULATIONS. Tho failuro of the bank, while immediately causod by a depomitors’ run, was diroctly the outcome of & conflict Lotween two classou of California speculatars,—ono of she Bank of Call- fornis paety, hosded by Mr. Ralston and Mr. Bharon, and the other Leaded by Mos:rs. Ilood, O'Brien, aad Hidenfeldt, The latter party bavo ostablisbed a bauk in Ban Fravcisco calied »Tho Bank of Novads,” with & cash capital of £5,000,000 gold, aud the right to incresse to 820,000,000, Incideutal to this fight there have beon the mining proj ortios kaown as tho Bavage, the Calodouia, tho Calitornia, the Ophir, snd tie Consolidated Virginia, The latter throo are koown as tho D16 BONANZA MINE," and tho Bank of Culiforuia party obtained con- trol of them, In gotting this control the stock of the Cahifornis was runup Irom 60 to §00, aud was then multiplid by five, whick would make tho highest prico 160 1t bas einco doclined to Gh. Tho Ophir stock, while they woro gotting control, advancod from 80 to 700, sud was multi- pliod by b, making 700, ropresonting 140 in now utook. It has eince declined to 46. The Consol- (dated Virginla, duriog tho process of getiing control, advauced from 80 to 750, It was yes- tordsy 267, Thiat the bank had boon straived of Jate, aod pinched, has baen evldent to bunkers hore, who have ubn nned thelr bills from tho fact thst in tho Ias ‘sixty days most of tho bills of. fored 10 this market have boen those of other institutions indorsed by tho Lank of Califormia. ‘Iho inforence has boen that tho Lani of Cali- forms HAD ITPOTHECATED BECUNITIES with those wbo lant their bills, and that this bor- rowed exclisngo was used to obtawn fundsnocded to carry on the laige operations of ihe bauk, ‘Lo borrowed bills which havo so sppoared wero those of the Dank of Britsh Columbia and the Bank of British North Amorios. Tho amount of upaccepted bills on the Dank of California in the Now York markot Is amsll. Tho bsuk's London correspondents wero the Oriental Bank, a strong unlimited institution, oue of the bost in London, having a capital of £1,000,000 aud » roserve of £500,000; so that the throos losuea of the falluro hero are cowparas tivoly small. CENTRAL PACIFIO SECURITIFS. Tho Etening Commercial says thera la nob much change yet apparent from tho Dacifio Cuast trouble lo the bonds of the Contral 'aciflo bt ‘'he first morigage bouds receded to 10234, tho San Joaquin branch to 01, aud the bid for land grani® wsa 053¢ por cent. There was a cloge iutimacy butween Mr, Ralaton, of the Bauk of Califoruis, and Messra. Huatigion and Hramford, of sno Central Pscific 1oad, but soike ivg iu yet kuown as to how far the latler waio cowpromived by the explosion of the bank. 1t would be woll, perhaps, for buyers of bouds to pold off from tho nowly-introduced land giants by tus rosd until more is kuown of the Lacitio Coast compheatious. GUENEBAL TBADE. ‘There [a a Isrga amount of juint stook or part- perahip business 1o merclandivo done between s warket aud San Fisucisco, which fur the time may bo put to Inconvenience Ly the cur- taliment of banking facihniea m Ban Fravoiscy, but nothiiug serions, so (ar as 0 advisod, 18 lkaly to cama of this troudla. “I'ho former Presidont of the California Bank in Alr. Malls, & woalthy man, and wio 14 belioved 0 ba one bf the Trusiees yei, THE TRUSCEES AUE LIABLE, and must pay, 80 that no Joss to the publio is likely to oceur, 3 It was atated as probable that the bills of ex- chiange will not excced #200,000. Iu regaid to the kpeeutations of Mr. Ralaton and bie party in Culifurnia, & story is current that their recont lossos (n wlver-winlng stocks and other adven- turos amonut 10 tho suuimious sum of $6,000,- vub, It it not belioved that OTIE DANKING HOUSES ON TUE PACIFIC COABT will be seriously affected aside frowm ¢ho addi- tiousl l\ulmnsfian slroady noted, A Fotoign excliango was uuaffected, tho amount of bilts of the Bank of California unindoreed in this market boiug lesa than £50,000. Probably most of thers bills hiave been sccepted by tho Oriental Bank, of London, #o that ¢tuo loss hero will be very light. A number of bills beariug tha indorsoiuent of the Bauk of Califoraia Lave been sold 1 tlus market, but they aro good bo- catiso of tho hikh standing of drawers. Respecting the repacted TUANSACTIONS WITH 1N YEDENAL GOVERNMENT iv tue purchase of mlver, we hear an emphatic deunsl. The Governwent makes its purchsses direct (rom tle Consolidsted Virgunia Mimng Compaoy, and makes advances unti the mm.a)nuh-u agtually io band, Ths sum of 94,000,000 recently purcbased was obtalned ia s thin way, streat, @ 18 now In the Assay Ofica in W THE BTOCK MANKET, Most af the declina tnthe stock market pre- viously notnd hat been recoversd, I'auama ox- cepted, The weaknana in oA 18 0acaaloned by tho fmnrossion that the siock ia lsrgely held in Han Franeiaco. Laullaw & Co., agenta here of the Bank of Cal-fornin, finvo ot suspanded. mad aro paying avarvtiuog excopt Bauk ol Califorais obliga- t At the opening of the Stock Exchangs thern wns & piele to rofl, Al fora time the noms and i wan njunl L n firat class panic oceanion. reasonghiy fadz ides of the jmmense hukiness and the din and racket attauding 1t may bo form- e whiy it in wtated that up to tho meetiog of the Lonrd tho amount of sharen trauaferrod reg- istared over 74009, ‘Tho anxiety to rell at fir-t was marked, aoid prices droppoed_qucsly aod so- veiely. After thin sadden decline, howovar, & number of rtrong hugersstepand into the markot, and before the Dostd clored there was a strong rullv, Lakn Shora tnoviog np tn 6047 : Notthe ommon to 41341 St. Panl common to tho prefurasd ta Panific Mail to We-torn 1; . i to 8254, PAILUIE, ANUTUER PAILURE, Ang 2i.~Th firm of Jaan do wiers in sosp aud flane, of Wall iindod Lo-day. ‘The estimated Habil- onnt from ¥ J ) Lo 250..060. William Lientz, of Maidon laun, haw been apio-utad ns- signno of the bunkimpt' firm, whown wimpenston 1 entod to ba duz to thn digasirous fall s ludos, of whicl they wers carsving & largo stock. » co. Nz.w Yonk, Id, Baxter & Co., who nuspended paymiant & fow weeks wgo, filnd & scheduls of assats and liahities 10 the Uonuty Clark'a oftics, ‘The aeeots sre abont $175 and tha liabilities i tho neighborliood of £230.- 000. They think they wiil at leact bo abln to 1ing 60 cetitw on the dntiar, and, 1f time tn given, vory nearly or quita dollar for doflar. Tho As- wignoe'n boud Lias bean nixea ot €40,000. Yonx. & WASHINGTON, AID POR THE CALIFOUNIA NANES, Svecral Inapateh by The 4hcaan Tribune, WABHINGTON, 1. C.y Aug, 21.—Tha Hecretary of tho Lreasury camo to tho aid of the Ban Francisoo baukers catly this morning, by direct- ing the Sub-Troseurer at Now York to make a tranefor of Government coin on private account trom New York to San Francisco by the raediam of telegraphic ordere. Tius process will be of alvantage to the Govornment in that it will wavo tho cost of tianporung the gold to 8an Franciaco. (To the Asociated Pres) Wasmsaroy, D, C., Aug. 27.—eavy transfers of pold t6 California aro being msde Ly tho frean ury Departmont to-day, 1 Aupport of the banks of that State. Upon ofticial notiea being ro- coived at tho Department that the agonta of the banls have denowited gold with tho Assistant Uni*ed Btatos Treasurer in New York, telegraph- ic inmtrnctions are ront to tho Awsuntsnt Trons- uror st Ban Franciseo, placing crodita to the ro- epoctivo baoks moking euch depocits in Now }“’k:‘) ‘Thus far uver $1,000,000 bas boen trans- erreds OTHER FAILURES. BALTIMORE. THE RECENT FAILURL. New York. Aug. 27.—A specisl from Balti- more, Md., atates that tho fitm of Sterhug. Ahrens & Co., which suspended yesterduy, bavo impotted sineo the Iat of January 50,000 hoga- heads of eugar and 40,060 hogeheads of mo- lavsos—nearly Lro-thirds as much as their wholo tinde of 1874 They have been carrsing grost quantities of molassea at a heavy loss ever sinco the commencomont of tho yoar, the markct prico not paying for the manufacturo. The principal Daltimore croditors are Alexun- der Brown & boos, baukers. and Doupinger Bres., shippers, The Drowns aro crecitors to ths amount of about §300,000. That firm suspended on tho Jst of January, sud it was thels refusal ta make a fuctler loaw of #150.000 that proctottated this suspension. Besidos their smpors trade, Sterlieg, Abrens & Ca bavo Jareoly exported flour aud provisions to the West Lodios, and are coneequently in dobt to the flour trado snd_paokers, Tho firn own tho Chorapaske and Marchants® refineries, lease tho Maryland, avd operate the Calvert for its own- era.” All oxcopt tho Intcer they converted into molassos refineries, aod 80 accumalated s hoavy stock thot broko thom down, Tley also own a Jarge barrel factory and nige vessels engagod in tradoe mith Cuba sod Brazil, Their coffeo busi- neas bns not been grost of late, aud has not affected their interesta. Ats moeting of tho croditors cf the Calvert Suger Hofimng Compnoy to-dsy, the lollowing sepurt of the condition of the Company was sab- mittad : tesinery. Total,. Dilla paxable. Dite sidry Capital atoi Total The Calvert Refuery was oporated by Stirling, Abrens & Co., a6 ageni.. At mesiing of the Durectors it was asceriained that of the smount ptated s due by sundre partios, 6307,000 wab owed ny tno firm of Stirling, Anrena & Co. Btirling tenders hus rasignation ns Prevident, as alao Alrens s Treasuror, both of whuch were accepted. The Directaru chouelt it advinable to guepond paymont tempbrarily, and a comuitteo spuoivted to furnish an authoatio statamont of its affairs. Tt 1a statod that it was not known to any mom- borw of tbo Board of Directora of the Compsus excopt Stirliug and Alrons, that the lrm wan indebted to Calvert, or that it credit was ysed for tho bonufit of the suspended firm. Tho business of the tofinery will bs continued, ————— IN CHICAGO, For the purposo of ascertaining the orinions of bsukers and commercisl meu of Chicago as to the influence which the failure of the Bank of California woufd bave upon tho interesis of the Pacitlo Stope, and its possible offece in Chicago, siid also to learn tho causes which led to the failure, & reporter yestorday visitod the gontlo- men whoso nsmos are given bolow, and obtained from thom full expressions of opislon concern- ing the subjects fu question. "LALITTES, JOHN C. HAINES. The reporter firet called st tho I'ldelity Banl, and was cordially rocelved by Mr. John O, Haines, who sesponded to his questiona as fol- fows: ° Toportor—Can you glvo me a reason for the falturs of the Bavk of Califoruls ? Mr. Isines—In my judgment the canse of this failure may be attiibuted tota speculating fn alt poita of wining, manufscturing, sad transporta- tion compaulea instoad of doing a legitimate bankiog businoss, R.—Da you know sny thiog sbout the mintog, hote), and general speculations in which the Lank was eugaged ? 3ir, t.—1 oly know indirectly. It has been repocted to mo for neatly two years that Natston, Jones, aod Bhiarou were building Iarge hotol in fan Francisco which was to cast » lurge smount. of wmouey ; that thay Liad eatahllshed a furnitura mauufoctory to make the neccssary fur- viture for the Lotel, out of which was to grow & regular furviture wanafactory; snd that they were ongsged In railrond worke and speoulsting in miving stocks of all kinds sud doscriptions. My infaronce was tust tho bauk wes mora or loss implicated in theso things, because I know tno mauagers and Directory could not bo dolug all this on their awn rosponsibility. 1 have also board thiat for a good mauy years, the bauk has appropristed from 225,000 to 100,000 for tho cnteitalnument of evorybody who might visit Ban Francisco Irom the Faut and Europs, Whon I beard tuat 1 could pot underataud {t, and thought it was an irrogular pioceeding; in other words, it looked to e 88 it tho Californla Dank was run veiy much on the B. F, Ailen wtyiu, [ uever (vui wnach atock in Allon, sod 1t ocourred to wo that Ralsson and bLis colleagues run mastorw very much as bo did. H.—~\Whiat offect would sach transactions bave on the bank ? Mr, H.—It was not logitimste business, and the bauk muuk navitably g0 undor. It was ouly a question of time, sud it avposrs the Umis way ufius?v u-‘mdly. t will the fg!lure’ have on the ¢ Conat ? nining euts of the Mr, H.—I think it must affect them yary mia. torially. 'Fhe fallure must uosouls thlngs Cailfosuls, sad of couses the mluing iuterens will nuffer with other inte caver and cool down with » clear rocord. juet as_liappans whoo any atuer panic comes and diaturba thinge. This fatlure munt, of course, creato & good denl of ox- citament ony Wast. T.—1)o you anticipate any bad effect from the tuilitre in Chicazo or at the East ? Mr. Il,—[ don't thiuk that tho rolationa ho- i ionn aro much that loases will Thn two nyntama of values—ths stand- a4 *hern heinz gord and hare paner—aro totaliy nnlike, and will uo moro mix than ofl and water. For 1Mat reasun tuers oueht to bo no abock from failuren on tha Paciic elopn, other than confldenre mav ba neadiessly impairad theraby. .—Then you don't extect the failure will bri‘uiu;lnhom, huotiier panin? M. 11,—I donot; my last ana: i lwll'x,cnx;\ll why. wer aulliciontly .—Have you noticed ansthing whish fore. shadowed such & failure a8 tuat of the l.‘-l‘;l’:r nis Banc? Mr. JL.—Tt hias ocenrrad to ran, especialle dur- ing Iast year, that penpio in Califorii wers el tng verv wild and reckle-s, and that wucn & atat of affairs a4 ezisted numt nocessari y pro: ovar-trading and over-specalation, 1 have Leen wonderivg th my own mind whore it was goingg to eud, R.—Thin failuro, I prosume, indicates whero it will end ? Mr. Il.—Yoa; It will end in a collapso, About threo monthd ago a gen‘leman caine to me to ask my ndvico with reference by locating in New York, tan Francinco, und Chicago. 1 aaid ¢ lonast oploion i1 this: Chicaza'1s the beat placn for locating in this countrs,” T beliave ahie will be the firetcity in tho conatrs to racover trom the pavic of 1373, and that Now York will Lo thia st V7. F. COOLNAUGH. Mr. W, F. Covlbaugh, of the Union National Dauk. was next sought by the reposter. After expending a ittlo righteous indignation at being arouned from his hittio bed the provious evening Dy 8 newspaper man, thegenial baukar surron- dered himyell to the news-gathercr, aud tho fol- lowing conversation ocznrred Reportor—Can you give mo an opinion as to what caured the faiture of tho Californis Bani? Alr. Coolbaughi—I ennnot givo an opinlon as to what caared the Isilure. . —Have you any knowloigo of the speculs~ tions, miniug, hotel, aud general, in which tue bank wau enuaged ? ' —1 know nothing oxcopt b rumor. What rumots have you heard ? Mr. C.—It was wenerally uudorstood that the parsien managing the bank wero virtually con- trolling many of the mining ana public eater- prisss of the Pacitic elope. R.—What effect would thesr gpaculations in that direction hiave in producing the foiluro ? Mr. C.—Yo far us 1wy obxervation goes, tho { Inevitable effect or roeult of nuy much ileaiti- mate businoss on the vart of bajkess is, woonar or luter, disaster aud faitore. Undoubtedly the fatlure 0f tho Jlank of Co:ifurnia hax been pre- cip.tated by tast sort of mismauagewest and illegitinate bauking, R.—Can you sy ansthing as to the effect of (gm failure on tho miving iutereats of the West Coant ? Mr. C.—T think tha bank la a0 intimately coa- neeted with all tho bueiness offairs of thn coant that mach temporary, if not permonent, dis- as:er will rerult from the susponsion. R.—Wul the failura havo any effect in Chi- cago or ot the East 2 Mr. C.—Not tho slightest. I don't thing any Chicaga man in luterested to tho extentof a dollar fu tha fature. We wero their correspond- eutn, aud_havo & very respectable balauce to their credic ob our booka, ® —Do vou think the failare will tend to pro- duce snathier paoic ? Hr. C. (lsuzhing)—Not st all. T dou't think —in fact, 1 know it wou't produco the slight- est offect bere, and I think the ofect will be very imited in New York. No apparcot effect han been produced in that ity so far, and it is uplikels suy bad cffect will resuit, “R—Will you give mo your reasons for that rly becanne Chicazo, at this ses- son especially, han no buiness commimication, or, ot ieant, vory little, with Ssu liancisco, Cb cago merchasts bave no prodacts or merchan- dise for #ale, and Chicano bangers no_ toucy on depout there. That being tue caso, I canuot seo Low we will be affected. ‘Lhe fallnre of the Bank of Calilornis is nok iikely to producn nny dia- tarhance in Now York, becauss they isd no cor- responding bauk there, 'Tuelr Now York busi- ness was trapsactod enuirely by their own agency—an agoncy that simpls attendel to tno businssa of the bank, nad was zot cugaged in genora) baoking operatioss. R.~What les<on dues tie failure teach ? Mr, C.—It mmply iflustiates a fact well koown by all thoughtful bankersa—tbat no bauk can safely zo outsido of its legitumate business and prosper ip tue ond, Townorary gains msy su- sae, but the end {8 bankotey. The lewron it teaches is that benkers caunot bo hotol buil:lers, wor rai road contraciors, nor tun aiver mines, nor attemot to monopalize tue quickwilver of tha country, witbout reaping tue lueviable result, which is Tuia an baukers, GREENEBAUM BROS. Tho reporter next wended bis way to Greeoe- baum Brow., Fifth aveous, Jr. Elias Greone- baum politely roferred him to Mr. Schalfuer, the Casbier, 8s most posted on the subjoct, and the following interview took place : Toporter—What, in your opinion, 18 the canes of thio suspension of the Bank of Califrnia ? Mr. Schaffucr—I think it failed becausy it de- parted fram the true mission of bankiog. It en- gaged In illegitimate cuterprinos. and ths monos Which ghiould bave fo<tered industry went 1mlo spoculaiive undortaligs, > R.—Can you’give mo anvwfarmation a8 ta tha mimng, hotel, and otber specuistions iu which tha bank enpaged 7 5 Mr. 8.—1 know vutuing definitelv about their spcculations. It was goworally reported that thoy lent a good deal Of movey for bazardous outerprince. T 1.—What effect would such speculations have upan tho bank? Mr. S.—It would put thelr assots in ao un- availubla shape. T~ Do you anticipata any ovil effccta from the fminre b Clieaso ? Mr. 8,—No, #ir ; _our relations with California aze g0 timited that it witl huva no elfoct nt all. T.~1hon you do uot tuink another panic will result? Mr. %.—T dopot. Woare Just at tho bozin- aing of & good season, sud if thiv warm woutber contianes 1ho 1ail trade will ba very prospesous, Wa bave no iutlated prices now. = Funjls have been oconomicsl minco the panic, snd have worked themealves tuto a gaod conditon. They have economized 1n personat oxpenditure, havo been careful in contracting deots, snd cantious in thoir cradits, and conwdersblo wealth has boen accumulafed. ‘This wuepension i s coliapae which follows aturally from ovor-speculation aud 8 departuro from the natural sphero of bank. JOHN DE KOVEN, My, Jobn De Koven, of the Morchants® Na- tional Bank, was next tuterviswed, with thy fol- lowing result : Reporier—What, in vour opinion, Mr. De Koven, led to the fatlure of the Bank of Cali- fornin? Mr, Do Koven—1 cannat eay, excent that it did oot do a legitimate bsuking business. The managers buvo speculated in anythiog and evorything—n courss which slwaya euds in failure. R.—Uo you know anything of the character of thoir speculatious? Mr. De K.--Only what I have read in the nowspapers. Tno goneral Teport has been that they went into mining, botel, and every other oluss of anoculation they coald, R,—Of ovurse, such speculations have s direct {utluonce on the suspension 2 Mr, Do K.,—Yea ; the motnent thors camo any dsmaud,on tho bavk, thoy would ot be able io roalizo, aud, of course, would nava to shut up. R—1 prosume it was such & demaud lh-t causod the swash sestordas? ‘We had vory much Undonbtedly ollor ‘wcale, fu the > 1 . W—Wul the failure produce auy bsd effoct hera or 1o the East 7 M. Do K.—Not & pasticte. Our relationa with Han Francisco are very slight; cortsiuly 8ot enough to {njure us 1t.—How abont New York? Mr. Da K.—I don't_ think It will havo sng ef- foot thore, Tho bauk did « grout deal of bus- Iucss with Europe, but of coursu [ cauuot hazard a0 opinion aa $0 118 possible edurt thora, T.—Ts there any dsuger of auother panic ro- ? o K.—1 dou't woo whr there slionld. Our panic did not atfecs Calitornis, aud [ dou's see why their panio shoald atlcct us, T.—~Was the fuilure altugethior unexpooted # Mr. Do K.—In auswer to sint I cau say tuat a leadivg sesidunt of Calitoruis told me thirt: days sgo thst oue mau beld olaims enoug] agaiust tho bauk to bresk it whisnever thoy wera prescated. 1 voceived & dwspstch * from ope of _our oustomors to stop the payment Of $6,000 he bud paid into the af fornia. Bhortly after the racaipt of tho tolsgram, the bill was presanted, but of courss wo rofasnd paymeat, S0 faraalnha obnerved, the failnre tas not msde the elightest nipple on finsucial circlos here, WILLIAM RICHARDSON. The writer noxtcailed at tho Daok of Montreal, where his met 3r. William Ticuardson, the Presi- dent. Tho foltowing pithy conversstion took placo: Ieporter—Can yon give meareason for the failure of tha Dauk of Califorois ? Mr. Richardaon—Iz failod becauss It coulda't pay. R.—1o yon know anything about the spscula- tiows in which the bank was engaged ? Mr. R.—I do not. R.—Tuea yon cannob say what specuiations played in the suspousion Mr, R.~Of coutse not, 1t.—What effect do yun think the fallure will havoon tho mining intorests of ths Isoitio const? Mr. R.—It {8 impossiblo formo or anybody olre to wav, 3 “‘;:““" it havo sny offect hare or st the p-n thoss M. R.—T dau't think it will have aav perma- nen eflect hero; it may Hava sumo temporary P 1 know nathing about 1t prabable effact at tho Fast, 2 1. —Wus do you thi e hink it will Lisve lttle or no Mr. I.—Well. I don't know of anv bosiness dono betwoou hiero wud Sun Franciaco which is tkelvt) bo affectel. Wo nro debtors, if any- thin: 'n! Culifornia. and theieforo cannot lose, u.}-!:.‘-?—],haw s uo duwger of a panic- resalting, Mr. IL.~Why, cortainly not. Wo have sajled over tho falures at tha” Enst, sud I don't think Svuneed Lotler ouraclves about Sun Francisco. 'I'lyn tailute will be of great benefit to Californta tu the loug run, Theov wifl have gotten fid of the incubus of the Lank of Califurnia, which hn]uluhrul'- I}‘mw——— vrg Mr. Itebardson bethought himself that bn had exceed:d tho longth of his usual ro- plics, aud abruptly ehut down, llow tne sens tenco would buvo onded tha writor 13 nnablo to say. lle wried his best to got it comploted, but Mr. R, would have no mora of it, and the ro- porter was compellst to comfort himualf with t}ho l&.loukhc that half » Joaf way bettor thsn no road. R. E. GOODELL, Mr. R. E. Goodell. of the Fourth National Bauk, was next subjected to tho lnterviemog torture, and ylelded as follons : toporter—Caa yor sdvance aay opinion as to the cause of tho falure? Mr. Goodeli—X suppose there can bo but ons opinion—that it was tho rosult of over spsoula- tion. R.—-IIave vou any knowledgo as tothe class of soeculations thoy enzaged in ? Mr. G.—Ouly what I havo Leard from goneral repoit, f!.—Do von think thelr epecuiations were the onlv caeo of the kmarh # Mr. G.—A geutleman stated to mo 8 short tim2 azo that Louir McLean, ono of tho Direct- ors of tho bank, was offered tho Presidency, but that be, not likiug the tooks of affairs, se- fured hin_foxition and afternarls offered hix wtock on the sireet. Mr. McLeaothen nent onlo establivh aaotier bankwg cetablishmout, ot which ha would bo manager, Four mullions of capital wore pawd in, and & nnderstand thee wera Just ready to mart. He wasiu Cuicago a few nonths ago, and wsid fn conversation that he Enew & parts who held £1.50,000 of tho domand paperof the Bankof Californis,andtuat that maa might broak it avy day, Nuw, from the fact that tho bank pard out £1,400,000 yes:erdav, my tdea 1n that tho man bad preseuted his paner. Y'u ting that in connection with McLean'n nes ia- stitntion, § thini 1t i8 by no means au improbavis theory, R.—\Vhat offect do you think thn failure will bave on the mining intergets of tho Weat Coast ? B —I should judgosi will bo very do- prossing. N.—Do_von_ expect any bad offect in Chicago or at the East 2 Mr. G.—) Tho connoction between the tvo mections 18 nol ench as will ereato any disturb- atco. 1 understand tho baok Lis a balance of 12,000 here. SYDNEY MVERS, Mr. Sydoes Myere, of tho Merchants', Farmers' & Mochanies® Bank, oxpressed himselt ss follown: I know littio of the transactions of the Bk of Calforuia, its syatem of iuvestmeuts, or the pgouoral availibility of it nasets. 1 presams. however, that tho im- mediate causs of the fallure was owiug to the fact that a disturberl condition of affuirs in En- gland and on tho Cantinent of Turope. Laving caused Isrgo demands for gold, has caused the shipmeut abroad of 89 much of the circulating medinm of Catiforma that pot enough of the ecurroney of the Westorn copst remaios io the eountry to mako tho daily excnangoy. GEDRGE SCHNEIDER Mr, Georgs Hehneider, Prozidost of the Ns- tiopal Bauk of illinois, in responso to the in- quiry, To what ig the failire of tho Bank of Cal- ifornia astributablo ? said : Tho cauvo of the failure was undouhtedly financial balloonirg—speculstions in mining wtocks, 1t was woll kuown in banking circlos that the bank was ongaged in that business, and in creating fictitious values, aud poing ont of legitimate chage polw of bsuking, into buildmg railrosds, ostablishing steamboat ines, sod opening wines, « all of which was foreigu to their bns.nosa. #iden, tho bauk ran up tho Erices of real estats ! in Bin Franciseo, in which it had benvily wvost- | ed ; the collapre came. and the bank adllapsed. It was simbly the uld story over azain, Fisk did | tho nama thines, ouly on & amullor soale, Reportor—\What will bo tbe effect in Chicago? Mr. 8.~It will havo no dircet 0ect upon us. bore. 1tmay cceasion na indirect damage. The Cahforaia connections woro chiody i Englaod, and the taiure will be felt soveccly la Eaglind mining circles. It will tend to provent in- venment 1o Amorics for tho timo, and wil, wmora or lees, disturb the balance of trad 1t coonot, howover, disturb us much, be- cauaso, sinco the panic of I167) swept over tho Nortiwest, we have had po speculatise en- terprises on foot—no ratiway projects and the Hince 1873 wo have boon rising trow the bottom, ani, I think, our merchants wero never in botter financial conditon—that 18, their busi= vesy never was on sounder busis than pow. t EDWIN MAYNARD, Me., Edwia Mayuard, Cashler of the National Baok of Comme:ce, on being interviesed at bia place of busivess, said thas he knew very litie of the Dauk of Californis. e, hawever, an- swered the following questions: Teportor—Do you approbend, sir, that the failure of this Bank of Califorais will sffeck Chicago or the East to aay axtont 7 Mr. Mavnard —L da not soe this it can. The dealings betwoon Californis snil the Easta: compatatively small, aud there is slinost uo bus- jness except miers exobango aud the Pacifio Coast. R.—May it not have somo effock on the coafle dence paoplo foel In banka hero 7 Mr. M.—~No, Iculnknot; there is no reason why any feeling of distrugs sbould grow out of votweon Chicago i 'R.—Thero was every reason to think the same o the case of Jay Coolio, wis there not ? M, Sl Tho casa is differout entirely. At the time of thie Jav Cooko failute everything was io. 1lated, aud railrosd stosis were lun;! used ae ocurity on which muney was lent, Now there {s & spins of couservatinmn in all branches of trade, and thore 1s not the same danger of a ool+ lapsy becauss shore is noibing like the saxne amount of #as [u the ballooa, B.—Will the fwltre largoly affect the mere cantile intoreats of tha Pacifio Coast ? Mr. M.—It may somewhat, though I think tho Cstiformia werchants are mmply sound in tunmeselved, It ~Will it affect Now York commerce 2 Mr. M.—For the reason sbove ststod I think uot. New York sold freely sud largoly, but silt they will Lsrdly Jove miuch. Thera certsinly caunot be enoagh intiuence on the trads of New” York to cause soything liko 8 panio, L.—What will be the effect bn mining? & Mr. M. —Mioiug stocks will of conrso suffer a torrible fail, but the real {ndustry of taking out oro canuot be wuch affected. R.—To what do you attributs the fallure? Ar. M.—We can bard y tell bers; we ars too far oif to understand the causes thoroughly. R.—Oune elemeut must have been the profuse oxpeaditure of Halston bimsolf, must it ot 2 Mr. M.—Of gourso thit eutered into the valou. lation, Tho priucaty stylo i whioh be has maio- tained bis establishinent for yests would in the Fast bavo boon resarded as snspicious, but they nhsvo o difforont way of looklng at wnatters over thero. M.—Do you know aosthing of the owaers of the bank,—Halston aad Tormerly Mills? Mr. 3.—I koow of Milla that he grew upis his position from the occupation of sxsayer oL o aces, y Mr. Mayoard, in tho courss of conversatios repeated sevaral reminiscouvos of the lsie Mo