Chicago Daily Tribune Newspaper, August 28, 1875, Page 6

THE CHICAGO TRIBUNE: Ralston, which sra_only interesting sa showing Mo facts veb forth in othor ways. J. IRVING PEAROE, Mr. J. Trying T'earco, Preatdent of tha Third National Bank, auswored & fow questions lo tho following effort : Tieporter—Doen it sppoar that this Bank of California faituro will affect Chicago intoresis ? Mr. P'earce—It cannot ar [can wee. We have slmost 10 business with tho bank or with tho Yseitic Connt. % I, —W)ll it alfect the mining Interost to any oxtent? g - Mr, P',—1t will_send miviug shares down of couran, but {t witl hardiy troutids the poole who are taking out bu!lion. They are tho indopond- oarti, b pml’fin‘\’v“n’bun{ thoso minea that are being de- 2 . 1%.—Thoy will perhaps have to stop on them, Ir“}'l,.y—o\|;'ill tho failure affeot tho commercial in- terestn of the Last? Mr. P,—Not enough to smonnt to much. In Clicago, for instance, ahout (ho only bosinoes that i duno with Californin is nmoug tho fruit won on South Water street. Uhoy buy romo thiugs ovor there, but it don't smount to much. Tho prople of Chbicago hiave nothing to o with California, inyway—uos hall go much as thoy bave with Snrope. o h.flwm do yon ninderstand to have been tho sauno of tho failire? Mr., P’.—Qno of the canncs was, of courro, tha extraoniinary and lavish oxpepditara of finlston, No bustneas could eiand that, unloss it was won- derfully prosperous. H. F. EAMES, r. 31, F. Eames, L'resident of the C:umercial Natiopsl llank, eaid In reply to questions lhl{n bo approliended no Liouble from the failure; it would probably not caues any slteration at all in tho burinoss of any bank in Chicago. As lotho canso, ha deomed Lhe failure Lo rosult of undue juflation of the busiuera of thu bank in tho way of buying and earrying on all_tortsof provoriy and bieitigss outsido of thor lvgulizals Tuuee tione, -7 LYMAN J. GAGE. Lyroan J. Gsgo, Caehirr of tho Wirst Natlonal Dank, waa found at Lie dosk, and, in en interval of business, auswerod a fow quostious, &g fol- lows: Roporter—Aroyou of tho opinion, Mr. Gage, that tho failuro of tha Dank of Californis will affect tho Lauka or tho erodit of Chicago? Mr. Giago--It cannot affect us ut all; probably our buatnces will nnt bo chunged 810, aud jt cor~ tainly will not 8o that we could potlco it. Reporter—It will pot lessen confidonce in bauks hero, will it? Mr. G.—[ counot #eo how it can; wado no businees to spenk of with the Pacific Conat, and thero is10ally hardly any conncction botweon that section and tho reat of tho Unlon jn a com- mercial wag. It,—California might bo & separate nation ag far as wo aro coucerned. Mr. (t.—Certaiuly ; our only connection is a political one. R.—low will the failure affect tho mining interist ? AMr. G.—VYory disnetrously, I should jndge. Al uiiners sro beggars or borrowers, and thoy aredopondent on somacraditinstitution for funds, In California and Nevada if they have o dealings with the Bank of Califoruia they probably have with otter Institutious connceted with it or af- fected by it Of couso thewa othor banks mil bo obligoa to coptract, aud this will bring hard- #bip on the miners. R.—1low about the hnif-developed mines? Alr. G.—Oh, thors are, of course, many minos which promiso woll and nro bulng holpod on by capital. Ishonld think that thoy woald have, in most cases, to stop oporations. T.—Even tho prosporous and plr‘!ng mines have to do businoss through the bauks, do they not? Mr. G.—Yen, but tho failure canoot grostly affcct acymioe that in taking out bullion enong} to more than pay all exponnes. .—WIII the failure affect the merchants and tradesmen gonorally much ? 3 Mr. G.—Well, yos; in one way. Californfa buys & great many goods from New York, and of «courao 1t will hurt that trade ; but thon it iy to Do considerod that tho great Btato of Californis, with its 700 miles of length, bas only about half the populstion ot Illinoiv, and coneequently the effect on New York and tho Kaist cannot bo very reat. gnuz after all, said Mr, Gsge, the grest loss by tho failuro will fall oo " the Englieh, Thoy aro more largely intorested in California than oyen Now York or tho Laet. Their capital it I almokt every great outerpriso, aud thoy will of course bo affecied by whatever loss may occur. ‘I'he peoplo of California have for a long timn boon ambitious to Liavo dealings direct with England. Tley have slipped thoir wheat and ofhcr producta direct to Liverpool, 2od biaye bought and dealt in English goods even whon they bad to psy more for them than thoy would for American articles. In this way thoy have bullt up a trade with England which 13 more important and more bighly prized than their connootion with the East, 1 tliuk that the Luglish oapital will bo chiolly’ affeciad by whate ever of disaster there may ba in the failuro, . I.—What do you nuderstand to havo been tho immediato causo of tho fsiluro of the bank ? Mr. (h.—Iu the firss place, the fustitution was not o bavk in any proper scpse of the word. fho ownors or stockholders did not conlive tlemsalyes to, ar even deal chiofly in, thio leud- ing of tmoney on proper security, Thoy branched ont aueh wmore widolv, sud aspired to own eveytuing. When e schome Jooked promislng tuny wers not content to loan monoy op it—they Lought it Inthis way thoy bocame posscesors of #£0lQ fleldw, of quicknilver wminos, of ilvor 1pines. und of any other businens pruperty that seered to promiss well, Of course, thoy wero wpread out tou mnch, and tho cOpNequoUCS Wad just what might bavo Leen expected. They never dig a sy, copsoryativo line of bauking business at all. 2. ~Eenides that, T understand thet the oficers —espocintly Halaton—woro oxeravagant in their oxpendibur., Mr. (.—Balston had the neme of being & reck- Iy pereon 10 bis personyal oxpenditures, and un- doubtedly bis ostublishiyent cosb great suios of 'hile purchsaing of property was in part owing o tho fact thal tha concorn was a Btato ~bauk, snd ot » National, wan il not? G.—Yous if they hud Loen organized yn- der tio National Baukicg Juw, they could mnot Lave done ou thuy Lavo, = T.—After all, Mr, (iage, the real guestion in connection with the fafure is, whother &n fail- ure {u at all liablo to uxtend itacl? into n panic? Mr. G.—I should #ay thut thers waw nob the loast dangor of it at all. 'Vl fact that the Pa- cifio coast (s not commerciplly conngoted with tho Lawj at pJl closely provents that, 8. W, RAWSON, Afr. 8. W. Rawson, I'resilont of the Uninn Truct Cowpany, ssé porspiritg in Lis private qllico »hon tho reportor sutered. o Slow is it, Mr. Rawaon," inquired Tax Tain- wNE representatiye, * with the Union Trust Com- pauy to-day " +As ususl,” roplied the banker, pointing smil- {ogly to tho row of paoplo in the outer plice, waiting to be served. *You do not appear to be much sffected by tho news of the extousive fuilure on the Pacifle slope."" “Whyshould T? Qur bapk bas nevor had sy dealinge with the Bank of Oaliforuls, and very Lutle, in fact, with any Ban Franclsco bauks." “\What will be the offect of the fajlure iu Chicago?" 10 will potitively Lave no effoct, The enly bauk that could, under any pircumstances, by fn- bLaa tra but the Unlon already elsted thot it fs not aectod.’ ilow do you thyik the New York Lauka will nd tho failure 2" “'Tho relatigus between New York apd Ban Francisco are, It 18 truv, much closer than he- twean Chicago and the lattercity, Lot jt is not vrqbable thet more than two or {bree firme will Jose anythung,” “Theu thore can be Bo fear of m general auie 2 +Nque In the lesst." +"The cause of tho failure jvasld fohave been too xroat apeculation in twiniug stocks.” “'That fo fust i, Eversbody in Californla speculytes—uierchauty, lavyers, Lankers, aud mctbern ot esury profamsion, Al tue hesd of thew sll, 1n this foolbardy buslngss, stands the Bauk of Califoruss. Tt “was tho Lackboue of wi-ceulation fu that Btate, and, indeed, upon tus whole l"clfla flopo. 1 tupk that the failure whiresult for guod. Tt will cause & return to Bhe vlower, steadier, and wafor mcthods of ace cumulabiug wouey. Juslitutious of 50 gresva dizu 4 tho Bauk of Califuraia are da:lge(nuu to Any community, snd it is better for the gonersl good thist they should not ezlst,” ° Alter this oiscular usterauce the banker turned 2 that his visws had to his bookns, aa if to (mhlr A hoa the be , wheroup: - been sntliciently axprossos porior withdrow, C. H. MILLIKEN, Mr. M, D. Ogden, lresident of the Cook Conntr Savings Bank, not bewng 1n bia pfiica, the ropurter held the foliowing convorestion with the Casbier, My, U, I Milliken ¢ Reporter—I hava ealled, Mr, Milliken, to ask o fex questionn inregard Lo tho fallure of the Bank of Calforn Mr. Mo—Very woll, siry I know very littio abont it, but L am at your service, Heporter—Your bank has, $hen, no transac- tions fn Han Franciaco ? Mr. M.—Nous whatever, Eayings institution, Keporter—What is your opinfon of tho effect of the tmlure upon Chicago? Mr. M.—My opinlon i that §t will affect Chi~ cago about a8 mush aw if it occurred w Australia or the Saudwich I«lands, Heporter—Iow nbuut tho Fastorn bhanka ? Mr, M—1 imsgiuo that they aro as hitlo at- fected an wo are. Rteportor—Ilad you heard anything in rogard 10 the canscs of the falluen? Mr. M.—Swek speculation, that was all. I hava tindoretoud for several weeks that thore was n feeliag of distrust in rogard to the bank atongg wel o bankors in Sau Francisco, 1t was surpected tunt the bank id be hard purlicd to susiain 118 credit, Reporter—Aud yet our dispatches say that the fusluro was an utter surprias to everybody. Mr. M.—Undoubtedly it was to tho majority of peapla, but, as L said, there nro a fow men in Han Franciseo who wera not at all surprised, Mr. Milltiien's attention was hiere diverzed by wevetal customers in waiting, &ud tho reporter saliiod forth m quost of furthor iuforwation trom other kources. This s puroly & 1R, ENYDACKER. Mr, Bnydacker, of the well-xnown banking tirta of Buydackee & Co,, In Reaper Block, was next visited. 1o was found hohind the countor, and oxpressod himself ready to be interviewed. Tioporter—\hat do vou think of the foilura of the greatest hank In San Franciuco ? Br. 8.—1 am not much surprised, Reportor—7Then you musl have ao acourate kaowlodgo of the cause 7 Alr. 8,—1 hiavo boen aware, of conursa, a8 ovOry baukor bas, that the Hank of Ualifornia was in- volved in vast specnlations, Ita miming oper- atious liave boen {00 extensive for safely, 'Tho wongor I8 that it has not falled Lefore. Tyery man or cur‘\oru((ou which ongages n vontures is liuble to lose, and, ab soma timo or other, 1 w1Ire 10 MOGL roversey. Repgrter—Will the failure aff2ct Chicago ? Mr. 8,—1 don’t roo how it can iu any way. Our banke, with the exception of thoe Union Nafionsl, bavo had littls or no transactione with the Bank of Califoruia. As for our other lines of busineaw, thoy caunol bo affocted. Ban Fran- cisco i & metropoli, and does not buy goods in Cuicpgo. 1t 18 about the wame s o foreign towy, 08 far oy Wo ara concorned. J. M. ADSIT, Tho reporter, tn the courve of his perambula. tions, dropped into the private offico of J. M. Adsit, whoso banking honse s at No, 32 Clark strect. The following conversation ensned : Ttoportor—Alr, Adsit, Thavo called to sk you a few questions in regard to tho futluro of the Bank of California. Mr. A.—1 don't know ansihing about it. Ntoportor—iiavo you had uny doalings with that unfostunate concern? Mr. A—N Tteporter-—iyhat do you think the offect will ba upon Clicago? Ar. A.—None whatover, Rtaporter—-Or in tho Eagt, Mr. A.—I dou't know anything abont if, Tteportar—liaye sont huard anything rolatiye to tho caunps of the failure ? Mr. A.—No. I nover cated to know anythipg about the wterual atfairs of that or auy other baak oxcept my awn. With this discournging romark Mr. Aduit torued to his desk aud resumod his wriling. Whereupon the reporter bade him adicu, RICHARD JOSAPHAT. Mr, Bmil Jowaphat was not in his bapking- house, but hjs brother and Cashior, Richard Josaphat, Leld him:ell ready to answor all questions. Mis tirm, he said, had formerly dono business with the Dank of California, but not latelv. He did mot think that the 1siluro would cauee any trouble east of tho ~Rocky Mountaine. Ho was confldent that Clicago bunkeis would suffer no loss, _‘The origin of tho failure might be casily traced to the mining epcculations in which tho bank and its stockbolders induized. o thoughe that Ralaton would noi probably loso his ju- flucnco in that region, as bis private fortunc was knowa to be very large. i B. P, HUTCHINSON, Me. B. P. Hutchinson, of tho Corn Exchango Bank, did not think that tho falure would afect Chicago o tho loast. As regarled Now York, It might prodvco » feeling of un- espinces among & cortain clags of brokers, but nothing of & genoral nature. Tho efcct on Amgrican credit in Europo might be discourag- ing for timo, hut could not last. Hpecutating outeilo of the logltimate banking busipess bip considerod puurh;mil:y for tho rogson that the #afost kiod of g flnancier was almost certaln to be caught somo time. California would, no doubt, have to'pass thiough some ench expe- rionco a3 wo had in 1873, but ke doubted whether thore would bo suytbing spproachjng & gouveral disastory LAZARUS SILYERMAN, M, Lezarus Silvermon Lad been ip California Iast spring, and bad then lieard fhat tho broken bank was iudulging in many wild speculations, 1o fact, the 8an Fransisco papers had very late- 1y called attention to the fact, which, doubtlces, led to the run and tho wuspension. Ile had uo Tears of any bad offect ou our fiusncial luteragts outydo of tho Pacitic uqast, and, as thore wero ltlunlv of other largo bouke in California, he yid not suticipuio avytbing of p starthng nature from the failure; Lxtravagaucp sud rasbnoss on the part of the bank ofjeory caused the fuiliro, Tne doposits of Lhe Bank of Cyli- fornia smounted, bo thought, tu shout &7, 000. ‘The capital stock paid up awmouyted 5,000,000, This wonld mukea tota) of $12,000,- 00. Exclusive of thig loss, Ban Fraucisco sl bad 1of; orgaulzed bauks whoso sgrly capital amounfod " to §22,000,000, spd thera wore eavinge hanks aud other Ipatjtutions of that kiod which favo u totat of $567,000,000-not & tad flusucial showing. This way exclusive of tho Bauk of Bpitish North America and several privato banks, which would awell the smount to B gucl larger sum. Yhon lio was |y Callforula It way well under- stood that it cort Nalston, the President, abung 75,000 a year tolive, o kept a maguificent private residence «omo 16 miles from Sun Fran- cisco, and Lopt * opep hopge” fyr everybody of suy note who came along, It bocanio custom- ary to wdentify the Bauk of Califoruis with Jal- uton fu all his specalations, and this produced o feeling of uneasimens soveral months ago, In fact tue approach of tho dissster was prolty wall spown op the Paciio slope. The failure uight havo a dopressing effect on mining iutog- eaty for p time, bus shiw would ot lpst long. “ho failura wun still another severs lowson to lt»;.mhoru who went out of their depths in spocula- ion, ‘Tho ¢ffeet on Chicsgo Npspcep would virtually Bmount to nothing, Lhers might be & sligLt nppls i Naw York, and in H“";i[‘“ Amorican credit might V-osliphtly affected. There was not bl sligheent dangor of another panio bera. MESSRS, 8TURGES. Tho Mewsrs, Blurkes, of tho Noathwestorn Nationsl, could only (ako thy nowapsper wo- county for the causo of the failure, Clucago would not suffer by it ln tha least. There was 10 alarm folt, nor'was thers noed of sny. Oali foruis was simply exvorlonang o portion of the proutle wo bud had in 1473, ‘Thoy uad no 1ears a4 to the nitimato reduit, although, of course, mmum’ poonle might feol uncasy tor a little while, : MR. TOLLMAN. Mr. Tollman, of No. i34 Ladalle sirees, vis- Ited Califoruis flve ycars ago, and even then board many commonty relatlve to the raah manner o which the bauk specalated. Ip took a bLund iu almosk everythiug. There was bhardly sn intercst on the Paclio plops—mining, lLotel, iusurence, apd ral- road—in which 15 did xnot Lave s shero, I'be result was jugvitable, ~Souner orluters Iinsucial disaster must result from such a polioy. 1t lind gome, aud periaps the fsilure might ju- volve & panfo along the entire Tacllle slopo, (hicago was perfectly sale, and, 4o far py hoard fruw, Now York bad not boen’ disturbed. Mr. “Rytier was jn that eity, and 1 puything of i ortsuce had odeurred, ke no “donvk would Enuulcgrwhw, Thorp nur genersl fecling of socurity Ju tho city, and ooly in uuttois of oxcliauge might thoro bo a towparary dulluoss. Yhe puning wterost wight suler 10 a little SATURDAY, AUGUN. 24, 1870, ~TWELVE FPAGLS, tima, but ma that liad como down to a regnlar thing, the surtnce of Onlifornta having boen minod a dazon timos over, there could be no vormanont injury, Jiesides, the othor baulis of tho Padific klopo wero fullv ejual to tho atenip, aud tho failure of one bank, althoush myolving & larga smount, could bardly be pro- ductive of a granid catanirophe, SKOW PETERSEN & CO. The firm of Stow-Potersen & Uo., No, 2 Clark strect, felt poifeotly easy as jopandad Chieago, but thought that the failure, folloning so woon ou the lheols of that of Duncan, fuerman & Co., would produce A bad offectin Burone, ‘Thoy had no fear of o pame, and conmdorod tho finaucial situation In Chi- ¢ago sccire, A. D, GUILD, Mr. Gnild, the Cashier of the Rtate Savinga Institution, did not beliove that Cnicago swonld experiouco tho slighteat fluauoial abook from tho Califurnis failurn, Judeing from all reporin pubhiehed, the baok fatled on mecount of vash speculation. As for a panio here, it wax utterly out of tho question, because the banking trauanctions botween Chi cago and California were very Jight,—bLaruly worth the mention, PRESTON, KE&N & CO, Tha Cashior of I'reston, Kean & Co., No. 100 Washington atreot, exprosead views almost ident- ical with the foregoing, Am reparded the effect on American eredit. in Lurope, that was a mere 1oateer of conjeciure. - THE BANK OF CALIFORNIA, " GATH" ON ITS MANAGEMENT, AN INTRNAELY INTERFSTING NANRATIVH, The following, which i3 extiacted from a let- ter writton by Mr, George Alfred Townsend to ‘'ur: TRinuNE, from San Fraucisco, undor date June 1, 1871, is probably tho most comprehion- wiva history of the rise and progross of the Bank of Californin, arid tho most graphic sketeh of Talaton, then its Cashier, and of his modo of do- ing businees, that hias been ponued. Thao fetter shown to what oxtent tho bank dominated tho mining and other speculativo Interests of the coast and ronght to atsotutely control them. tiath's reaume of tha successful operations of {ho bank up to that time, writton whilo the institution waa nt tho full tido of its prosporl- ty, and whon on all the Pacific Coast there was onty unboundod ndmirntion for Ralston's wiccerstul onginoering of thoso ontorpriscs, sounds slmost liko tho wildest fiction. But to thn sound business mav, who thon gonkidored the man and hls schiomes, however Euccessful thieso may for tho timo have proved, tho end— thal Lias now como—could not bo doubtful. Tho ‘““uorso ™ that carried Ralston, and the Dank of California under his management, for upwards og o deeado through tho wildest specplations in fic- titious values, was but the nerve of the gambler vlaying ot desporate odds, and at last, having staked all, was lost. 1a viow of the finale of Gath's lotter, written whon tho fulure of tho bank aud of Ralston, tha Hnancial magnato of Culifornia, ecemend but ono unbrokon serien of dazzling siceesses, will prove of especial in- tor TANKJNG ON TR PACIFIO COAWT. Tho third of thn great corporations of thia coant has never itwell appealed to Conrons nar to tho Gavernmont in the charactor 0f oither claimant or resintant, vet 1ts namo has boan sov- eral times drayuod thera by rarhos on private orrands, and in the discpssion of financial ques- tions, particularly the curroncy, 1t has baon ar- ralaned ag tho enomy of uatinal monov and Natioual Banks in tho Pacific States and Terri- tories, In Buort, the Bank of Oalifurofa ia fre- quontiv quotad in the Washington lobby as the woat forpidable anti-popular pewer ayd monap- oty in the country. s ¥ It is tiuo 1 never lieard any accredited phblic ‘man, excopt sormo party bigos like Kelley, May- nard, or Blair, broach the supsratition, nor auy- body in tho lobby, save somebody with a hope- Jpss or audeciops job, indarae . Mr. Butro, who is to have the mogopoly and who socks s uubeidy for a tunnel whioh whall compol ovary miver to pay $2 a toa far all oro breught from tho Comstock Lodo, pags that (ho bank owns overy Bonator and Hopresontativo oo this conat ; novortboless, Sauajr Nyo, guo pf the syspectad PHes, is an euthusinglio, ot (o say waudln, ad- vocato of the Sptro tunnul, sud camo very npir 1lxvler§ina tho mineral fuud into thae gropt goph- or-hala, ‘the Dpmocratio pariy, which is & wolling, bard-monay party i the Last, Lfte up ity hands in California. and saye that thig bank has kopt the patriotie cunouc}- Off tho coast, sud erusbed tho hopes of man. Everybody who ownn noth- ing out hoto, and slands piping for drivks in the markot-place, oxclaims that his tomporary judi- #onca i tq bo lnid polply $o tho chiargo of the bloated Dauk of Californin. All iniuers whose voins biave petered out, all politicians in want of en_audionce, all chronie grumblers, apd every- body whose vota 18 shrowa out of the buok, throw a rour grapo sgaivet this institution, 1 came to thils cosnt resolved to kuook agalnst the ogre's portal aud challonge It to au expmina- tion, and, at the outstart, detormined 1o find the abject gutlty, as i8 tho cmrusyundnnfinl custom. 1 was profoupdly n_||nimul by tuo reflootions 1. How gould tho liauk “of Califorais, wlich was not opened until July, 1834, have kopt currency off tho coast which “e¢hould huve beou in cireulation thorg noarly thrao years befaie ? 2. How could o bank, with 56,000 000 capital, govern a great saction of a zono, whilo wa have 000 bank 1n New York (Cotnmerce) with §10,- 00,000 capitsl ? T'he hoowe of Iirown Brotuers, reprosonted in New York, condonses into & part— nersbip §25,000,000, 'Fhie bousn of Barings is said to oven oxcoll It ; and tho Hank of Ho- gland, tho house of Liothealild, otc., oto., so far from being obstacles in tho path of oations, are rathor tho bonst of them, CGoorge Peabody, bauker, was onabled to piva away, 1o ratber im- boetlo, though woll-meant gonerosity, atout §5,- 00000, The monopolist ! Thoae ratloctions wera promptly met by a gen- tleman with a bogus land-olaiw, upon which the Dank of Califoiuia had doclived to advance any- thing, with tho romarks ** Onl it's uot the bank that does it all ; bubevarybpdy is ju the bank that lias & monopoly. The bank keeps out of the jobs, bul tho stockloldgre, 1ndividuglly, ste ail movopoits,” This acowed to besomewhat ke » Ananclal spplication of the torm & Pluribis Unum ; for an:art innd thap tharo wore abopt {00 spock- oldors in this bank, pnd to hold it accountablo for their private venturings would bs to diffuso tho limits of responeibliity, Hesides, the capi- tal of ths lauk of Culiforuis, surplus and all, is nab & controhing part of tho capital of tho Pacific copst. Tho * live " capital {.r tho banka_ slone i Califoinin 8 about €12,000,000. In fho bands of pnyvate loaners—noto-shavors—are £10,000,000 sddiional. The eavings banks luve, besidos, — §20,000,000 of deposits adoptable for loans. Ba that upon this coast, luhisbited by lovs than & milllon people, therp aro 45,000,000 of capital, of which tho Diauk of Cohforuia possesses, including it gurs plus, only £6,500,000, Therp ja_oge buuk pro- Vided with Eoglish capita), the London & Hau Franeweo, which Lian balf a3 much oapital as tho Bank of Califoruis, and . over this presides a qutloman of fue pdktical roputation of Milton . Lathaw, ox-Dowocratio Upltad Statos Hou- plor, Throe Dritish bauks, and xucrnnnuullva jresont from all thie groat banking firms of Europo, shoula have bLoeu ablo, withi their re- porve capital, to driva auy niogls American bauk 4 the wall, provided it bobisved airity. TUE MEN IN TUK PANK, Iy the prosccution of my Inquirion I ran agamat tho bank itwelf,—a ‘two-storied stone building of & graonlsh ‘color, resembling only banky in general. Within wan s large counting- room, where sbont forly clerke stood in their duty,—smongst thom & grave Cllll{nnnn 1 upec- fl» and silk vesture, carefully poring over ongg Kang remiltance accountu—nnd this room, which was runying as smoothly as a pal moe car, was prosided over, as could be seen through sn opou eash and yecpss, by.a youngish gontlcinan with & big forchaad and & hea)thy comploxion,—Halston, the Cashier. Nosr by Halston, ghdlug into the Directars’ rooiw ever aud avon, wes a mild-faced, digniled man, more swistio thap commuercial i wugestion,—3lilly, tho Prosideut. 1o the outor #ujwretition uf Bpa Fraucisco, these two are tho Bauk of Californla, —the stockholders drawing their 1 per cont & month with contented regularity, the business world repodedly depositing it thrus milllions in cain avery day 8t U g'clock, Hatjelay at I Hudh W greatngsy ‘lmn yuy come cloge tpit. I¢ moves liko tho Falls of Njagara, btcauso It can- Rot hiolpt, ONUANIZATION OF THE DANK OF CALIFOBNIA, ‘The site of thie tauk yas gircumssantlal 1athoy thau tremeditatod. In (ke oarly minlug days of Califoruls, fhe rumhme of butlion, t OIIXG of exchiange, and &dvances upon WIMNR proper. y, wade wuch competitiun Letwoen Californis sukors, and several slrong jrivate firws, for- gign sud Americyn, suceossively lud the Hnances o tho coagt. _Atwouget the best-remembered of thesa were Tollany & Wilds Burgoyne & Co., Parrott & Co., Page, Bacon & Co,, Ii, ¥, laste fngn & Ou, Wells, Farga & Oo.. Brltz & Lalston, Doushoo, lalston & Co., and D, Q. Milla & Co, 'Aho junior partuers fu the firms ngxt preced- ing tho lewt wus a native of Cousral Olio, sud, after aleambanting sovornl yeara on tho Miasis- aippl River, ha learnod tho bumnose of bansing at L'anama lo 1350 with Jobn Frite, of Pluladot- pius, aud C. K. Garrison, of New York. Subse- quently ho was associnted at Ban Francinco with . K. Unrrison, Charios Morgan, of New York, and John Fritg. In association mith Eagens Kellay, of Nas Yurk, s retirod Ran Francinon dry goods moarchant, and J. A. Donaboo, tho house of Donahos, Ralston & Co., hia | enorim s Huceens during the oar y yours of tho 1. bollion in buymg and rollig Eastern excl 8, O whicy thoy L2k closn rinke, offeritg very noarly Now York quotations, and in rome cnuos the ex- cinanga approcis ed 30 per eeng on ronte, so that, aecotding to curiout raport, thoy earned $1,223,- 009 In two yoars, lialnton haa baon doscribed to ma by Ex.Gov- aru.r Duwnio, n Damoorat,—and ahanker, also,— ne s man who nover apprehendod hin own re- sonrces ag A natural financinr, and ho resistad an offort made fn 1801 to transfor hia rorvicen to Now York. dinbifal of lis abillly to comaote with the exverionced bankars thoia, o dnater- minod, fustoad, to join m partnership ample in capital apd charactor ta campoto with the En- glish and German joint stook companien whioh were running tha bulllon off the coast and out of the country, and ho provaited upon Mr, 3 3litls, who waa fiint retiring (rum notive bueinens &t Hacramonto, and wan one of the moat trust- worthy aud popular hankors op tho coast, to join with Limeolf and Fritz i o similar stock woder- taxlng, Samuel Wilson and A, I'. Crlitenden waora tho consulting attorneva fn the mattor, and thoonly ebiarter tho bank required wasan amend- atory statute, ndding to the \n.v anthoriging cqr- varations for mining snd manulacturivg the words, **and other bhusjucss.” Tho now bank came quiotly into existonco in tho munmer of 1364, with a pald-up oapital of $2.000,000. Tho charactor of the men, bowever, gavo it & supar- stition from tho siart. Miils wan Prosiout and Lalaton Casbier, oud thoue, with nino Trusteos, woro the sbsolnto managers of the cancern. Tho lank pursuing the policy of controlling the bullion-viold for tho sake of tho deposits which would follow, speedily became the favorite do- ovitory of tue coast. It wan nllegad that in ha firut tironty montha the L atk mado $300,000. "o capital atil belng uncqual to that eme ployed by foroigners. and tho opportunities of the bank oxceeding its capacity, they detorminad to inorearo the capital to 5,001,000, and to groatly add to the number of stuckbolders; the famo aud success of tha concern gave it tho aelection of the best man on tho coast, whils to the knosn vigllance, enterprise, and good judg- mont of its mavagers, was Loqueathed by the corvoiation vory liberal oxcoutive powars, No maun bias to walt in the Dank of Culiforvia to know whother ho can liavo nccommodation ; it in “ves" or “'no.” About thren hundred geutle- mon, representing overy interess, morcantile, connnetcial, professional, sud mechanical, wero takion into tho enlarged corporation, sud thay reproroutod 1n their privato nume{glw about 400,000, 000. To apy that thoso ndividuals are the Bauk of Califorpis, is to confound cne 1n- strumoutality with nearly ail the setiva mind sud antorpriro of the Pacific Const. The now stook- holders bound themsolves to tako of tho undi~ vided earnings of tho bavk no morae than 1 por cont & month, and honcen surpius of 25 per cont at tho presant timo above the 5,000,000 nold u? at the teorpanization, fu Soptomber, 18G4, tho Dbank hnd eetablished an agenoy or Dranct at Virginia City, with an offokoo. at Goid IMill, Nevada, and this In componduin is tha Bauk of Califorvia; hoyond this it is whatover the supeistition, the cuvy, or the quornloiinoss ot peoplp may copbrive about i, 'I'he Lpulk edi- fico aud ground {y worth ,§350,000; thero araa Dresidont, a Cashier, an Aesintant Cashicr, Heeretary, and olovon Trustoes, and meelings ato held once & wook. Tho ‘Lruktess_at prescot aro thesn: D. O, 3Muls, bauker; Wilham C, Ralston, banker; Whliam 1i, Barron, capitalist: D. J. Tallont, tanker: “Thotans Bell, copitalist ; N. Luniog, roelired banier; L. Locks, merchants A, llaiwbml, gold miner ; Louis MelLam, ratired banker, son of Jackeon's Ecoratary of Ktate: William Norria, lute of California Stoamn Navigation Company ; Jobin O, Esrl, capitalist, BECILET OF THE NANK'S BUCCERR, Varions reasons have besn urged to account for the bank s prosperity, but I have not heen nble to dotoat the aganey of Its leading men in mora bhan tyo anterprines. They sontrol A bul- livn refinery, eutablished at n cost of £500,000, oud they are indjvidually ownors of tne Union Ml and Mining Aesociation in Nevada. Nuth of thoss matiara fail legitimatelv 1n the way of baunking on s gold-producing coast. Novada haw been tho soat of the finqst silvar lode known to man, and, in the flush of wilver minwg there, cruds and choap machivery was sufliciant: but. n8 the oro fell off {n nchuess, the desultory mo- chianism of private quartz-miilers failod to give gatigfacion the mills stopped one afiar an- other : pnd, by the fallyre of thoir factors and corrpspopdents, tho Dauk of Californin losp 8100,000. With the establishment of thelr Neo- vada branches, the rato of interest fell from 20 and 25 per cout to 1 per cent & month, and two oF threp of the bank managers,.—in their pri- vatp papgeity only,—sssjsted a number af the «quariz compaules ko prosocute their work, and flaslly motded. them' into s cornoration the prices of fuel, quickeilver, and machinery wers voduged by a wholesalo system of puroheses and trnus]zorl.nl.inn, and silver mining in Neyada now owes its proaperity to this vigilaut spperintond. ence, ‘I'ba Ban Franoisco Refinery of Bullion wau wstsblishod by sovern! banking firms, tlhe BDank of Calilarma taking tho jusjority of tha etocky it couts 100,000 to operata the vefinory, aunual- 1y, sud thers is no prolit on the wmvkx e miner, on the contrary, who is charged 14 conts per ounce of gold, paga tho eompatitivo establivh- mant only 8 cents’ an_ounco: the profly comen pololy from the diverslon of deposits, which fol- low in genoral the youte taken by the baliion, and tho Bank of California tokes ita chancea with tho other stockholders. By weans of this oheap refinery, aud the privilege sccordod to bara ppoys 8 carisin rato of Guenasw, of bejng exchonged at the Unltod States Mint for colo, much has been done to flvo tha United Siates control of tho nativo bullion; moro might be dono if our mint-rates wero lowered to the #tandard of thoso of France and Eugland, whioh arp ptuil. Tho gost of rofining and coining guder Government auapjoes lore liag sl compatlad & movoment of bullion toward Kurop the oxporter taking tho shave, Ilio ragaoioun entorprido of the Pacifio Coast baukara hos cut down our disadvantage ons-half, and the bapk in quostiun has respod- & libersl park of the ro- sultipg bisinoss, LKLUSLONS ABOUT TIE DANK. My lotler is growing too long for fothor olab. oration. ''o meot tno thousand pnd ano nhnqiun of luterferance in mining operations by tum fne stitauon, 1 will ouly fustunes o einila e t‘xhau! d“mcu 1 happon 40 be perequally i Qriued, A fow daye ago, the London Englneer, & !u-o- claa aud reputable papor, sirived hero with a skefoh of tho lead wipes of Utal, and stxted thiat o oelobzated Kmma Mine, which producsd 100 tops of ore daily, bad been purchased by the Bank of Califorain for £1,750,000. A friend of Tmino, obsorving thiv, orfod out that he bad one sura thing agaiust tho bank, aud some of the Journals quoted the paragraph. ‘I'no facts wero thosar Mz, W, M, Tont, a for- ¥ ip mines, Lad made up bis mind £ buy Emma Mine, {f lu proved to be ns reprosentad, and boforo wotting out for Utsh he cafled at the Bunk of Oallfornia and aaked for s Jettor of credit for 100,000, to bo used ass guarantes, nnd drawn sgainst if he should mako tha fi\lrnllnn. o was obliged (o put up at the bank scourity in real ostato, slc,, to tho amount of 500,000, and thiy jasuer him tho credlt, charging him & comrmisaion sa in dpily’ transactions. Disnlaying this lottor, as ho probably did in Utal, “the fiupullr mind aprang to tho couclusion that the Bauk of Cell- fornia had gobbled up the mive, and tudustrious Morcury roproduced the story aa far off aa Lon- don, Now, & few days bofore this circumstance, tho bank, as [ vaw sfated, had glveu s lotter of credit for 8150,000 to & morchant to buy sugar I Batavia ; tho conclusion would have been as ipt that thero oould ba no mare frecdom 1 the sut Iudies. Thess Jarwe travsactions torrify titntd spitits in the provinces, to whom, by some rovulsion of wpirit aud logie, they appesr viola- tions of tha Constitution of the Unitad Bates| but the larger Englinh houses, pasficularly Brown Brethers, Ly selling lotters of crodit to sugar merchanty, ar d to bave mado thetr luzgeut percentages. TIMES POR NERVE. Thore ia bearcoly a largo, parvous, usoeful enterpilup ou the Paciflo coust which bas mat saked tho sid of this Lang, or owed its origln to woo atockboldor in it, Bt ay 8 bank, withiy $ho upheis of its capital and its corporate fuuc. tion, 1t is managed with the piudence of old age sud judicial roloronce, beyoud ite origiust buwl- uass purpore, t0 promoting tho mutus! and necesary interests of Lacilfo Amorica. Wheu the gieat carthqyake o tho fallof 1600 occyired, sud (he teuability, eveu the oxisteuce, of that L)IH of tho woild sepmed in quostion u tho geu- ol pauic, and bonkers wandered around the glovod banku with the dietinctigys pf dsutor aud creditor obliterated, word went out (o the clorke of the Bunk of California: **Whoover dow not wtand up_$o buslness with stricineys spd chicerfulnoss to-day eau uever put fo it bere semin!” Awaugrt the brokeu and fallen cornices of tho bauk editico the day's 10utine was performed ; cunfidence peturned to the slartlud paruhcn at this exsmple; sud, of §650,000 overdus the bayk, nob oug cent, Way demsnded from any porsop eo- -rd in gunuino commerco or productivepesy, ut $ho 8izoot opsrators aud ppgculatoss wope al- Towed no graca. Tho canduct of tho hank at that emergoney did moro to give It reapoct and busts nors than all tho oain in ite coffors, During thin oarthquako the Unitad Statos Ming wan desaited by ita overatives, snd the Bank of Californla liad £600,000 in bullian thare, for whiolt it ho'd mint corlificates. To mecs the ox- trandinary necospition of the time the Supmin- toudent of thn Mins luceawnad tho bullion fund, aud canhad tho mint coitifientes of tho Bank of Cailfornia in goin to nearly their amount. From this alight eirenmatanco arose the notion, atill patent at.road, that tho bank and the miut were 10 callnnion, THE QUESTION OF GOLD O GREENNAORA. Tho von«oirculation of bational paper monsy on tine const was dito to papular and businoss agreement in tho beginning of the War, Oal- ifornis had naver usoid & paper bank-bill, ‘The Biato Iaw forbids banks of issue nndar hoavy vonalty, and, when hostilities bogan, the doe porits of tha pour, tho luanaof the rich, all the notary lifo of tho I'acific, waa fusolved in hard money. Threo weelw from Now York, whers the greoubacks wero nitimataly deemnble, and, thaioforo, labla o be lsft destituto of curroncy by s (ranshipmont oast- waid, cmUarrassad by the subject of oxchaugo, which, in the ixolated sitnatios of Caltfornin, was n matter of dlatant quotation or guoes work, with gold and silver the natnral produes of the voast, aud & Government mint ou tha spot, with Jmportations flom tha obluse conntrios of Asis demanding gold snd silver in payment of dutles, the coucurronco of biulits and interonts clamored for the 1otention of coin as currency, and, with oxtraordinary uuanimity, atl the negotintiug pop- ulavo, Yankve, Gormap, Jaw, and Bloxtean, mot thoir obiigations sccordlog ta tho spirit of theit promise. - Tuo Lozislalure satctioned coin pay- mente, and the high authority of Ifugh Alolnls looh, Hocratary of the 'Ireasury, approved thin action by saying that ** Culifornia Lad prosesved a rollyjng-paint to beeln tho reaumption of apecio payments, and bad doue It with sagaeity and from necesuity,” ‘Ihe Bank of California wan not oponod until Julv, 1804, but {ts managers, fu common with all bankers, approvad the etop. Many Eastorn cap- wahints, among them Titt Cooka, of tho house of Jay Cuoke & Cn., Liavo sinco visited this conkt b eot up Natiounl Banka; but. stndying the situ- ation ju ity remoteness, thoy hiave abandoned thio {don as quito oA uupromising as if the peonlo of Now Zealand wero to undertato to do tatail trado with Davk of Englaad serip, A gold-noto bauk han recently beou opened bore, aud nmong its prominent stoclholdors rro sharcholdors in tho Bank of Califorma, The eame fustitutiop hua oncouragod forelgn capital ta eatablish Lousos and bianch houses in Bun Fianciyco, Many of the pooplo of San Francisco, having enjoyed golden opportunitica durine the \ar, whaon thiy sido of thio world was a retuge and tho pavios of tho Last were hero bridged over. sro now exclaiming for paper-money. ‘Fhe difusion of tho I'gaiflo populaticn, opnsaquont upon rail~ way development, the substitutinn of arrienlaire for minlng and specutn‘ive iuteresta, nud tho do- cline of immigration, have produced an apparont lull, nat to say staguation, in the oitios of Uali- fornis, but we alao, in the citios of the Atiautio coart, nro lamaonting tho riotous Lotua of {nfla- tiun and tho gorga of trafie. According to good observers, California 1s hoaltuior to-day than ever. ‘Thero {s » movoment in the East toward spe- cla-girculation gorreaponding 1o tue impulsa hare toward curiency, a8 is proved by the establish- ment of gold-uoto banks in Ioston and Now York, and tho voluntary travslstion of many of our Natioual Banks into private banking-hounnca, or their silent resumption of fueir old bisto cbarters which thoy have never abaudoned. In short, tho Bank of Califoruna appesrs to ma to exoiciso nu other despotism than to bp rich, guceessful, and sagacious. It I were o tho habit of writiog In the intarosts of humbug and demagegery, I shovld pick my matorlals from tho bui-rooms aud Domocratic primaries, nud circnlajo tho contrary conclusion. Itis an Amorican orgsnizalion, a citizon organization, & tmumpl, Its citef slookholdora are hospitable, coul, sugaestive, mdomitablo, Thatefors, lef us bate it aud fhiem, sad be logical. Qati, FIRES, {H CHICAGO, A destructivo fite occurrod yestordsy after- noon lo thoe southero part of the clty. Tho alarm was given at 3:10 o'clock from Box 83, for a fire in a two-story-noa-a-half. framo building in 1enr of No. 1004 Wabash avenuse, owned and oc- cupied by Jomes Stilon as n carpenter-shop. A pile of burping zcbbish set fire to tho building, nnd when tbo fltemen prrived the tiames wera woll under way aud spreading rapidly, The De- partmont, therofore, boob iie efurts mainly toward aaving surroanding eropurw. ‘Tha fire enyoloped the adjoiniug bujldings as follpywa : A one-nnd-a-half-story frame barn in roar of No. 1096, owned by Atoil Bwego and ocenpled by Bartholomew Lindor.: Totally destroyed. Loss, pbout 600, Iasurance nos lparudd, A frame barn in rear of No, 109] was_con- eymed. Loss, 8500, No inauranco, J. McElroy owaed tho structare and A, Kano occupiod it. Tho siatle owned by dMis, T, Otilds, and oo- cupiad by M., Mvers, way partialiy buroed. Tuis in rear of No. 1090, Xiced, about $200. Extending ncroes tho nlley the fite resched thoe following ptructuros: Burns o rear of Nos, #77, 870, 841, and 883 woro elso bnroed, Loss, sbout §2,000, divided among seyeral parties, A slight fire occurrad last'evening ut 7 o'clock in tho |uu—pnmlng( deoastmont of the Slaals- Zeitung. cotner of Waphington street and kirth nvenuo, aud was promptly oxtinguishod by the Phe Insuranco Iatrot before any damago result- ed. Causo unknown. Tho alarm of firo from lox 45 at B:40 s evoning was oaused by a biazo in No, 740 Binto sitect, 'Tho bmlding was owned by David Oaols- borg, and pastially occupled by bim gs 8 paing aliop aud partially 28 s toapmont, The causs of flio fig in 8aid ta ba s doloctive flue. Tho los will bo about $125 ; fully insured (u the (Hoba, The alarm of fivo from Hox 53 ab 3:50 yestory day afterncon wgs cac.sioned bya bluzs ins box of whavings at tho plamug il st Nq. 225 Twontloth stret, No logd. AT PITTSBURG, PiTpsnupa, Pa., Aug. 27.—Jessia York, & do- mostiosngaged in the fumily of E, W. Dansmar, 1o Hnslewood, Twanty-third Ward, sttempted to light & firo with keroscno this ovaniog, whon tHe contents of tho can exploded, buruing the young woman to desth and setting firo to the houso, yrhiol, wilh {ts contonts, woro totally destroged. Loss, §2,600; Insurance unkpows, AT PINCONNING, MICH, Special Inapatch to Fhe Chicano Tribune, Fant Ssoixaw, Mlch, Aug. 27.—Tho stepm saw-mill of Van Etlen, Campbolt & Co.. located at I'incobning, op the Jackson, Lanslng & Sagi- vaw Iailrodd, in Bay County, was totally do- stroyed by firo’ st poon (o-dmy. Lows, 16,000, No iusuranvo. No lumber wi urned. AT RICHMAQND, VA, RicnxonD, Va., Aug. 47.—A firs to-pight dor stroyod Bwyth, SBuyder & Co.'s extopnlya bark ;ui:’lag‘;u-u mils. Loy, §23,000; jnsured for 000, e SPRINGFIELD, Pian for tho PeublesMinded Inwtitu. tion Bullding = The Nqualizatien Benrd. sipecial Disvateh to The Chicaao Tridune. BeaixoreLn, 111, Aug, 37.—The plap for the building for feeble-inded childeen, anbmijtiod by Mr. IL C. Furness, of Ottawa, and which way dopted by the Doprd of Commigstoners, with Qe changes augfiumd by Mr. Wijber, the resent Buporinteudons of the Feollo.Miuded fl:amuuou. and which will add wotuing to the 9qst, 14 pronounced to be waell-suited for the purporos. The building ju 390 £ long by 10§ wob in extieme widith, 1 llg* aro to bs of brick, with stooe tmmiugs. ‘The exterior walls will bo bollow. “Iha roof ju to bo of elate, ‘Tha buildiug will e thyes stogics bigh, ang fsta be heated with steam, and coutalo all tha odern imnprovemouts, ‘Iha total cost, juelud- ug percontago of architoct, is $165,000. Whon wu‘mlewd the inetitution will coutatu 300 ine mates, Cul, Robort Latham, whose efforts seoured tho location to Liugalp, ety fur bome to-dsy to sy« vt n laying out the grounds, Proposaly for tha buhdm;{ wyl} woon be miade, % Lrastuw Kuodes, of Pokin, Tazowoll County, wa4 caminjesioned ta-day Public Admjuiatrstor for |hn§(:uumy. vica W. B, Parker, dugsssod. The Biajo Board of Equalization st 1t4 weasion tLis mojuing Lad fqurtasn membera pressut, ‘Thoy rofused to adopt tho 18a0lution tuviting Ats torvey General Edsslito oxplan bislays opinion orally befara tho Lioard. The Board adjourned :Lll to-mojrow blul nessly sy u‘t tfl:"ko;‘l’:%‘q‘t&:«l o practica of tha mpmers o A lefs for Lome to-duy, and will not Lo back beforg av. * L posted on $lie progress of th':'oer.’: :r,';:nn,".,'.‘...‘:uu hould not oxtond has yond hirty ¢ pus i will yuless the appro- pristion shall 7., @ wesntimo be exhsusted. OCEAN STEAMSHIP NEWS, Nxw YoBx, Aug. 27.—Arrived—Steamships Dousn, from Bremou, aud Assyris, trom Meds. terrancan ports. Y ano, 97, —Sieamabip Wisconaln, frpw Browen, bag arnived out, > -3 THE CROPS. General Onflook in Tcnnessoe, Missiesippl, and Ackansas. Unprecedented Yioll of Wheat, Oats, and Grasses. Wisconsin and Nobraska Mako a Magnii- oont Bhowling. 8light Damage to ‘Horvosted Gratns in Minnesota, AT THE BOUTH, B Maurmn, Tonn., Aug. 97.—The Cotton Ex- ohange oran repart for Augunst ivos tha follow. ing summary of ths cropu in tho Memphis dis- trict, oomposed of Went Tennosses, North Minsisnippl, and Arkansas, from 160 sesponsos. North Alabama, though nos to thls district, 1w aleo included. The committos say i Notwithe stauding the exoessive wae and cold wealher has haa provatled eluca our report of Juno 36, tue goneral, orop prospect Indicated by this re- port 14 of the most giatifylng charzacter, and the probabilitios are that a iarger or batter corn arop was nover. mada in dlna rogion of country. Abuadant craps of wheat, onty, willet, and, in maut of this rogion, geod cropa of smail grasses, wero made, and all barvested and protested oxoopt tha corn, Tho Istter hae n wil e atanoes matured, and only awsita the acone venionco of planters to harvast k. Que Lundred and tselve placea roport oxcessivo raing ;61 4ho Lalanoe of tho timo cloudsy 60, gouarslly cold § 61, cold nights ; 2, very dry; 46, Iavorable weathor; 130 1oport cotton plauia fruinog woll § 11, vot well 3 103 roport tuo plauts rotaining tho fruit ; 57, shodding weijounly § 164 raport orops woll cultivatod § G, uot ; 135 1opory bebtor crops thaa in 1874; 24 aqual; 1, nubso aad, Tho estimatod avarage 18 24 per cent bot- ar ; 1 oport the bottom growth ouly good ; 67, bottum and middlo growth good : 80 rejort tha top arop vary light and makiug too muoli waeds ; a1 10post the bottom growil I‘Yulnn soriounly § 7, 8 getlous dovelopmous of tust; 74 rovor: pess foct crops; B toport plcking commenced, roport that picking will not becowe goneral until avout Sept. 13, Bluch speculative approhonsion ia expreased 10 rogard to tha prasent oritioal soadition of the cotton orop, whieh is gonerally claimed to be two or throo weoka Iater than usual, Its luxuriant growth will require an oxceediuglviato frou:, and unless dry, warm wenther sucocous, there1s groat duz(iar of the bottom growth rotting in the low lands, whero the growth is already sa dopso a8 to oxcludo both tho sun aad sir. In regurd to the damuge by the overllow, wo have been uoablo to arrive at avy delinilo informativn, In most cascs our cotresj.ondents in tho overdawed district huvo beau su overwhelmed with their owh Josecs that thoy are unprepaced, and some arp upwilling, to make dotiuito respanscs. That very great damago on the plantations, aunject to the jutluencuy of & flood by tha AMissmeipy Itiver, has acourred il not admit of & doubit. Wtuon the piantations totally dostroyed and part.ally by vackwatr, in connection mih dam- uge by rivo and st Jluu ralu waser, iy conend- cred, wo aro coastigined to bolloyve, from sich information a8 we have, that the damage within that poridon of the colton region aliotted to tois exchango will not fall short of 60,000 bales. Ouo bundrad sud uwenty-ssven repoit wsuperior J0r gropa, Ahirty-ann goed, one infuijor, from drought, Much damago has occur- rod in tho rivor district “by overllows, and much in the iuterior by wind-storms. ‘L'he ost.mated damage is not givon. Oue hundred aud savoy repory no damaye to whoat cro. s by exposura; 18 toport the wverage damagn as to them of O per gent. Tho avarage yield por acro in 126 ropuits is 1234 busbels, Unod hundredand Sweuty-aigut report gond crops of oate raised 11 inleriory 20 nons ratwed ; 140 repoct crops woll saved § 10 not, with an averago loss fo them Qf 10 per cont ; 133 rapart good cxops of miliet ; 74 ‘wmall mod' oxperimentals 117 roport well saved; 24 partially dimaged by weather; 19 ro- port nope aayed; 123 repars laborars worklng woll; 23 moderately woll; 8 nok well, The depreoiation 1n the moralo of labar mosily oo- ours in Missiseippt, owing to tho poll.jel intin- ouces, Tao aggregato for North Alabama shiows 2) rospouscai T roport excessive Taing; 8 balance of tho timo ocloudy; & gonerally ookd; 0 cold lfl“h‘I‘ 8 favorabio weatbers 17 ro- port f[;lr‘h‘\s woll; 3 pot; 15 rotainiug fruit; 6 ehoddlng sorionsly, Al roport arops wall oulti- vated aud bet:er than in 1874 by sn-average of 82 percent. Ono raporta tho bottom crop only doad ; 11 bottom and middia cropa de; 12 top crop making toa much weeds. All repart thap no pleking will commeonce on an average till Sep- tomber 14. ANl roport tho condition of thoe crop tho ssma a8 in the Mempis district, as regards oarly fr Na lods was sustaioed by the avor- low ; 10 10port superior cory cropa; & good; ng damage roportad. Eightosn report wheat crop saved withput weatbor damage ; 2 roport d-magn of 18 per cent. The average yield per acra 18 10 bushals. Fourtaen ropor. good oat cropa grosn g 6 interiors IV repors well waved; | not; 19 ree port gond millet xnd gyags crops grown ; 1d wal) saved; 3 damago, ayerago 21 per cent. Hixjern rnnfi)rtltburon working woll; 8wodurately ; Lnot weil, MINNESOTA, Speeial Dispates to T'he Chizano Tridune, 87, Paur, Aug. 37.~The rains of tlo luat four days have cortsinly dolaved harvest work and sy have {njured the graia grestly, thoro being an unuguslly bogvy fall of water; but daily in- tervals of hours of bright sunshine have proba- Dbly glven the farmoers avporiunitica for drylng shiocks and stacking, ''he damage by the frosts of Haturduy and Runday uigat Is lighter than firss roprorted, and hmited to & fow paitionlarly wxpqued localition, g the Asactated Pren) Br, Pave, Mion,, Aug. 27.—Duiing the pasg fow days and nights vary heavy rains havo fallon throogiiout this Biata. “Thesa have cauia st the very end of the harvesbing wseason, aud sbould have found farmory fully propared for thom. No more favorable woathur for secuniag gran crops could be wished lor than haa been oxpori- oncod o tho - laut three weeks up to Moudav, and itlsan absoluto fact tunt tho bulk of the tinost oraps ‘of whoat, berlay, and oats ever rawsi] ln any Histo lvv} hean soqusold in good i conditign, sud pue stagk bipyand fear of damago by ths Jubter rplus, 1t “Appears, owever, from recont rt from a larga nuinber of points thal can- orabla grain stii} remning in abock, pot lwve ing boen staoked, bt awailing the speedy advent of tho thrashing ;nachina. The lato rajna bave h miachief o gralp io this condition, anothoe pour th afiernoon and oven- fuy, but even to grain in shock, nos 1o etaok, the damagano far, if the aulen sre clasr to-worrow, caguot ba large, nol mors thay 1 por cont on Lhe entire crop, A very lurge acreage of comn waa planted thls yoar, iu this State, Tho prosueois are vory ponri a8 tho weathar hag boon and yewmins tuo c0o! fox tha riponiog o} ’tnn plant. . 4 dpectal Uigogleh So I'he Chicago Tribune. Mixszarouts, Miun., Aug, 27,-+ingo Tuesda: nlght neavy rawe have falien {n this State wit praspeots of coutinuance. - Tosdsy has boeu wapm. Thunder sioyms Lave boon frequent, 40 paraa- ferciars sauore thos expased whoat Iy already sproyting, whilo the grade must bo affected in auy event. Tho outlook is very dit- ferent from thiat one week ago fa Minuodots, D NEBRASKA. S| AN ¥ umi:x‘ '»fi.‘i.‘i?r.‘ 4 44 Chican Lridune, By, Joser, Mo, Aug. 27,—The rexent raing In thls soction are considead fo Lpve secured {he crops of thg Platto purchass, Agriqultural hstsnasju "‘; t\"";‘ ‘;" Blnrlu.l 'J.‘lml i‘"‘fllhl on of Nobraska spent Jast night her ‘:I:;ngl.p‘:flcd for their hom‘nu to-day. ,‘}.hyh"g._ sesent the most favorabie prospects for erops which that youny Btata Los ovor kuown, Thoy wore from wll quarters of the Ktato, ALABAMA, Special Disvatch to The Chicaco Yyidune, Nasuvire, Teou., Aug, 27,—Grasshoppers aro stripping blades of oorn in Louderdale, Ual bert, aud Alcorn Counties, Als, sod bave al- seady dovastated many fields, The (aroers are spresdiog straw over the whoat atubbie mud driving them from those flelds successtully by buruiug them up, DAKOTA AND 1OWA, - restal Dupalah to The Ohicage Tridune, Biovy Ciry, Iny Aug, 47.—~Heavy rain-storm ta-mjub, - Wheat ia being badly demaged Lere aud in Southeru Dekota. ———— MAMMOTH MASTIOATORS. Eyesial Lsvaiah Lo ' Chiedoe Yriduns, Ds Moines, Iny Aug, 37.~Tpo Des Moines siversbauk in Vau Purep and Asrion Countiss s » good flold for seientists; - It muat at sems Ume havo bean tho fonding-place of mas‘odons, A few woeks ago a rkeloton was oxtinmol of pra. dipioua alze. A few days Ister, & mammory lowor jmy with toeth intaor, which mean. wed 10, foot from folot 13 it “way fonud. A fow dava einos, at Hod Rock, way tound a tooth 191 lnches in olcenm!ercuso, 3] 5x T3¢ nchen acroes tho face, mith ton pronus. iy weighed 82¢ povude. A rib wae found near by 6}{ lest lung. LELIGIOUS, = EVANGELICAL COUNGIL, New Yonk, Ang, 27.—The Evangalical Conven. tion, now being hold at Capa Mav, veaterday dis. cussod tho subject of Romaniem, and adopteg tho rollowing repolutions: Reso'ved, That we do cordlally aporove, and wiy earuently mafntatn o clifrens of thesn Uniied State, tho Vrinciplos which acpsratos s &tate from (i IN Fed, That I lewith, prefound reqret wn fary Jearned that politien-sorlealastical arganizations bive been cstabilshed fn Now Joracy aid other Ktate under the inapiration sud blowing of thn Tope, thy members of whizh unlon are bound to ren ler nre: seeved obediencs Lo the occlealastics, who are miady afliders In thedo arganizations, Treso'ted, That this Conventlon enrneatly eally oy all fricnda of American (natiiitionn to exert all thelr onergy and e, {0 evory Iecitimite way, g reriat theno aggressions and malntait our freo 108ty tlons intact, Reanrved, That, helloving o frocdom of consrlenre and o right of relf-governmeut, wo eall tpon sl Pateiotn in this countzy 1o reaiet, Ly a1 Iawfal methe aile, 1l effortn o clisuge tho presout system of puil achoul education, Resoiear, That we exrnesily aolirlt every teve friong of our country to uro his julluence, fn every rrope w1y, to prevout Stato and snuulaipal appropriationy for Rectarisn purg.oson, Tho dubats on the fourth resolution was s, and prolonged. An aftoruoon sossion was held, at which Dr. Levin, Pregbvterian, of Philatel. phin, mada a specch an Christian union, ®hich gm #aid) never could bo braneht about until the srriors botwean denominat ons were removed, Emacoralinng ehould weleomo all Evanuelel mintstars to their pulrits, and Daptists should admit other ohurchos to the Lord's tablo. The Convantion rearsombled this mornine, Dr, Bomborgor presidug, and the question of Chr tian nnity again camas up. Aftor a spinted dig cussion, the following was aduptod Resolred, That wo hall with dsvout gratlinde to Gng the fact thut tha varioua avang.il ‘al cliirchon are mopy aud more reailsing and mnn&vlllflq the pracious dog. irine of the onencss of all Lellevors, Wo pray the Grost Tond of the Chtireh ta epov tha day whi excy evangelieal church shul reevmizo the valllity and Chriatlan character of tho ministry, ordinances, cerufs featen, andl sacratncnts of evory othier s ster chur Aftor discussion on tho tomporace quastion, resoluttons favorng prohibition wera adopted. Acommittes was nappotuted ta el noothe Oonyention [n thin plage noxt summar. - A way ramental oceaston will be observed on tho 8ib. }ml:l, in which all tha donowinatious will pactie. pato. 4 BAPTISTS, Spectal Dimnatch ta The Chicano Tribune. Lexixartox, INl,, Aug. 27.—Tho B'oominglon Baptist Aseocintlon hal s largely lucressed st tendango to-dsy,” amd decidodly enthusis astic mestinge. Tuo Bunday-Scheol Con. voution closed its work, tho sfatistlcs showing 200 pupils converted and 4,500 cnralled in forty. two churches. The Rov. E.J. Thomas, of Ab Inuts, was solected Modorator, and the Rov. G B. Tavlor, uf Pantiug, Clork, The Bov, J, R Hutton, of Atlsuia, proached the apening rermon, Letters from churches ocoupied the alternoon, ehowlug goneral prosprrity, Three bundrod aud eisty converis havo recoived bap tism. Tha conteunlal movement in favor of hiror education occupiod the n\'enlnf. Able alddrenvon wara made by Dy, Kenarick, I'rovideny of Bhurtleff Collora, Dr. anitt, of Blooming. ton, snd the Rev. Feet G. Thoeprolle, of Chicago, nod vory elaqnont anpealk by Dr, Mor qan, of the Theolozical Samfanry of Chicazo, and Prof. £, C. ITewitt, of Normal. The asuldi- orco was very largo. » WASHINGTON, MAIL-OARRYING. Fpectal Disvateh to Ul Clucaan Tribune, WamniNarton, D, C., Auy. 27.—Aesistant TPoste master-Goneral Tyner says tho mails inon most of the Woatara railionls will doudtle be re. welgliad wiihin tho year ln ouder to make & basiy for a readjustment for the mail pav, but that this rowoighing will not be mado bocansg of eny known fraud in tho wolghing of mails by one J. J. Batety. Mr.Tynor savsin th's rospoct hs s boen misrapreseuted, aa bo hnows nothiog persosally or officlally of anv frindulent dealing of Safoty, and, hgs not montlcpe] Lis name in thie canncetion. Tho rewolgbiug of matls will be mado bocaaso the cantraota mostly terminate within tha-year, i ANOTIIER FAST TRAIN. Qeorgo L. Bings, Buperintandant pf Raflroad Mail-Secvice, han gone to Altoons, Ps., to cone for with tha uthoritles of tho Pounsyivanis Centra} Rajlroad on s plan for the gonstruction of new postal cars for a fast mail train to bo ros over that road, Thin train, which wiil be lite that over tho Naw York Cantral, will .commenct later 1n tha scason. It is now expectad that this train will leave Now York in the evening. Iiwil mntisfy tho pratest of. tha Bt, Loyls peonls by :m;uua soyueations qyvar the Pau-landhy _WTNAW DIDS, The Toatmaster-Geno'al hys enconntared mach ambarrasamont from the atraw-iddors, ‘I'hoy evade tho law which provides for tha for- feituro of tho B per cenk doposit phosk bv coms Ilviug with the terms of tha law faop a ehork imo, Under the law, as Soou _aa’ tho mail has been doliverad, even opco, at both onds of the route, the contractor la cotitiad 1o thn tatura of hig cheok. Ad woon as itis patnrned he om brank hils goniract, and the only #ldvmnhv the Guverpment has 18 on the band, The Postinas tec-Geyoral will undonbteilv sygrest many vory impoitant changes i the postai-luw in hia next annusal repurt. SECHETARY NBLANO IT canfined to his hame ¢ Maunt Yernon wi'b rhoumatism, and tho tune of his return’to Wash: ington 18 uncerisin, . NEW POSTAL-TIAGS, The Postmsator-Goneral haw dnoldad upnn & now atsls of Jeathar lotter-nouches, fur which {Irupplulu wifl sonn ba fnvited. - Bunglos of the ity will by gxiabifed in tho leading citjes moro durablo and sater. DENIAL. The ropors thab Rogors, the Doputy Gommiss sloner of [ojernal Ravauio, is 1o Lo jamavod, douted, Tha Secratare of the Treasury and Conr misstoner Iratt dony that thero is anv coutro- varsy betwoon thom, and that Pratt s asstim that ho {5 the flunl wuthorily in revenuo maiters ‘Thesp now baga arp e GRABSHOPLIERS, Loat . Year's Rinpesotn Cropy, ond What 5Bt Amennged $0 Swecu fienutch to Lh Chicasn Trioune, 8t. Pavr, Mlun,, Aug. 27,—Completo relurms to Ballers, Stata Commiveioner of fiatinticn ehow that the grasshoppor davasiatioos of 16t year extopded {nto 264 fowna of fwpoly-ell westorn coputles, and avep eulfivated lsud £raln, a8 follows: Wheat, 210,4!1 s1ep § Pully 92,125 sases egh, B4,199 ncres, Tho claw of erain egtimatod wao: Wheat, 2643,802 busbe el; oata, 1,816,709 bughels; oprn, 719,410 Luabe cls, Mr. Balberg accompanize bia tabular stater mon with & gato to tha edifoy of the Lispalch saying that the estimates of the amount of lot# fn bushels wera mado by farmors tbewsalves and,, fu Aoy ceses, uo dupbt exceed tho loss ‘actnally csused by graseho) pers. ‘lhe whest crop in most of theld counties suffered groatly from the effect of Losb in July, and from rust and hail, The Assossoré call nttention Lo thaxo fagla 1n thisr reports, 04 sayluge *“The somion was 00 iy for & R crup anyway, but tho farmors blama tho * enzeed '?Ol pers * for the whule of {t." The tabls iz oluldes all towns makiug a returnof grassboppe? detoages. Four lowos in Lesueur (Jounty suft ferad a ould attack ; nlso g faw {orms in Hiearsd County, no estimato of damago boing returoed | a8 oue town Jiy Iyanti County reports tha wnd: den’ appearance of a swarm of ‘hoppers last which devourad overythlog green o8 acre told of rutabagas and (hen dissp red, NQ ole Kuowjug wlosue thoy camol where huy wout, L = VS R EDUCAT.ONAL, . 8pacial Dirpateh to The Clucaga Tridupe, Dixox, 1, Aug, 27,~Tho Teaobers' Institn'h which Las beon u sesalon at thq Court-House in this city wince” Monday last, closed to-day, whed certificates wera swatded to forty-five teache:s Last uighe Col. W, i, Haskgl), tho voterau el itor of the Ambay yourngl, delvered tho clum;! —| bt Wha w, Wheo il g A ‘:ob bml:mu{u:fld lepsutty Nearly sll bave loft for their homos, and sxpresé thomselves Lighly gratified with the coustesiod reveivod 8¢ tho bauds of our cltuzens,