National Gold Bank & Trust Company (San Francisco, CA)

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private telegram received from Boston this morning gives the liabilities of the senior firm at $1,000,000, but Mills, and other prominent publishers, who are well informed in regard to the business of the house, say the sum involved will not exceed $330,000, and that they will probably be able to pay 50 cents on the dollar. The World, editorially, is very severe on the Directors of the Bank of California in the absence of specific facts, and condemns their summary dismissal of Ralston as harsh and impolitic. It holds the directors more responsible than the manager to private depositors, and that they owe to themselves a prompt and full statement before the tide of adverse opinion strengthens. The Treasury has transferred to San Francisco by telegraph $1,401,000 in gold, since the failure of the Bank of California, for the benefit of nine of ten different bankers, who have deposited with the Sub-Treasury at New York. The Treasury declines to make further transfers at present. Judge Brady, of the Suprme Court, to day, at the suit of Nathaniel B. Hoyt, issued an attachment against the property in this State of the Bank of California, to recover $15,000 deposited with said bank. It is thought that at least forty thousand pounds, and Γoport says sixty thousand pounds, of bills of the bank of California were sold here the week before the failure, and could not have reached London for presentation for acceptance before the failure was known by cable. Thr Gold Bank and Trast Company. WASHINGTON, Aug. 30. The National Bank Examiner for the Pacific Coast has been directed by the Controller of Currency to examine into the affairs of the National Gold Bank and Trust Company, of San Francisco. Sad Accident. BOSTON, Aug. 30. Yesterday, at Hopkinston, a boy named Morris Ryan, aged 16, started down stairs with a loaded gun, intending to shoot a cat, when his sister Mary, aged 15, who desired to save the cat's life, caught her brother by the shoulder to pull him back; at thesame time two other sisters, younger than Mary, came to the head of the stairs, In the scuffle between Morris and Mary the gun went off, killing Mary and one of the other sisters. The third sister was wounded in the leg. The Direct Cable Repaired - The San Domingo Rebellion Overrated-Honors to Distinguished Taagedians in New York. NEW YORK, Aug. 30. It was reported yesterday that a dispatch had been received stating that the direct cable was repaired and communication between this country and Ireland was completed. From the statement of the captain and passengers of the steamer vester-

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bank in the country

It was his opinion that the National Gold Bank and Trust Company of San Francisco would be found solvent, and if the creditors and note holders did not avail themselves of the requirements of the law to force the bank into liquidation he would not interfere with their resuming business whenever they chose to open their doors. The law explicitly declares, he said, in what manner solvent or insolvent banks shall be closed up. It was a matter of record in the bureau that a national bank, through the vote of the stockholders, resolved to go into voluntary liquidation. The doors were closed with that intent and business ceased for several days, when the stock. holders reconsidered their action and resumed business. In this case, however, the proceedings were not legal, so there was no law to prevent the bank from continuing. If any national bank, therefore, chooses to risk its certificate of organization by suspending business when it is solvenit t has the right 80 to do. The only obstacle might come from the courts, but that, he thought, could not be lawfully interposed.

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[From Monday's Daily

] FROM some unaccountable cause we received no news from the west to and in consequence can only fur a few items of general interest from Francisco, received by mail. A report that the mob, to wreak venupon the Call and Bulietin offices gutted those offices was denied, the ilitary having been called out and the suppressed. It is also stated that Spaniard named Marina, a broker for employed by the Bank of Califor but latterly in the employ of Jim attempted to kill Sharon by nooting at him. No cause for the net assigned. Clark, paying teller of the of California, is also reported to committed suicide by shooting imself through the head. The funeral Mr. Ralston, which was to have tak place yesterday, was postponed until The Trustees of the Bank will esume their session to-morrow. Noth is known of their deliberations The manufacturing enterprises in which Balston was interested, show no signs fweakness. The trustees of the Na Gold Bank have authorized the president to borrow one million dollars in coin on real estate securities. The bank is in excellent condition, and if il to go into liquidation could pay the stockholders a handsome premium paying all deposits in full. MUCH NEEDED.-We are informed by parties from Cornucopia that they have no Justice of the Peace in that for some time past, and in consejurnee the laws are disregarded to a great extent by the evil disposed better part of the citizens thereby candelized. This is not as it should be if the law abiding citizens will seA good man to fill the position we not the least doubt but that the loard of Commissioners will appoint at once. The Board assembles Monday and " petition from the source woul 1 doubtless receive rompt attention at their hands. THE following telegram was received Mineral Hill this morning: "Please correct the erronious report your last issue relating to our mills mines. They are working as usual Iditional men put to work this morp. We had not entertained n shadow of as to the correctness of the refrom the fact that the great panic easioned by the failure of the Bank California might easily have produc, such n result, and it is with intinite ensure that we record the above nnoncement. Nor So.--We, n few days since, pub, an item to the effect that we learnupon reliable authority that W, J. orbes was about to establish his paper t Corancopin. Forbes says our informisn vile prevarientor and the truth not in him, which is rough on the Virginia Enterprise," it being the of our information on that subWe BID glad to know that the BatMonutaineers are not to be deserted that W. J, is fully determined to by his friends, We shall give his tement precedence over that of the terprise, PRIVATE ScHooL-In consequence of exhaustion of the regular fund for support of the public school, Miss oding, who has been retained for time past in that institution, to opened a private school in the same with n list of thirty-one scholThe lady referred to is an accomteacher and will continue to iminstruction to the embryo men and of this favored locality until anuary 1st, at the nominal figure of $ month. The attendance sbould be nereased to double the present number REMOVED.-Hobert Oliver has transhis stock of groceries, fruits, can-

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Resumption of the suspended Banks

-Advices from San Francisco say the banks are progressing steadily toward resumption. The President of the National Gold Bank and Trust Company announces that the notes of the bank, to the amount of $800,000, will be redeemed at the United States Treasury, and that they have thus far paid off about one-half of their indebteducas to depositors.

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AFFAIRS IN SAN FRANCISCO

MEETING AT UNION HALL-BALSTON EULOGIZEDTHE STATE UNIVERSITY SAVED FROM LOSS-THE NATIONAL GOLD BANK PAYING ITS DEBTS. San FRANCISCO, Sept. 9.-The meeting last night at Union Hall was largely attended, the ball being filled and the crowd filling the street to listen to openair addresses. In the hall the addresses delivered were devoted mainly to attacks on The Bulletin and Call for their course during the recent campaign and since the failure of the Bank of California and the death of Ralston. Resolutions were adopted condeming these papers for their attacks upon Ralston, and calling upon the people to withdraw their support from them. In the open-air meeting resolutions were read censuring the Associated Press for telegraphing so-called false reports the reading of which was greeted with many cries of "No, no as was the case with other resolutions read. The business of the National Gold Bank and Trust Company is going on favorably. Since the panic the bank has liquidated claims deposited to the amount of over $1,000,000, and a statement of its condition shows a surplus as regards deposits of over $1,400,000. There is no perceptible run on the United States Treasury to-day for the redemption of the gold notes of the National Bank and Trust Company. The Regents of the State University have elected D. O. Mills as Treasurer, vice Ralston. The Finance Committee of the Board has reported that the University will lose nothing by the failure of the Bank of California, being protected by the late Treasurer's bond for $150,000.

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San Francisco, Sept. 9.-The affairs of the National Bank & Trust Company are proceeding favorably since the panic. The bank has liquidated its claims to depositors to the amount of over one million dollars and the statement of its condition shows a

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FINANCIAL

SAN FRANCISCO. SAN FRANCISCO, Sept. 9.-The affairs of the National Gold Bank and Trust Company are proceeding favorably. Since the panic the bank has liquidated claims of depositors to the amount of over $1,000,000, and a statement of its condition shows a surplus, as regards depositore, of over $1,400,000. There was no perceptible run on the United States Treasury to-day for the redemption of gold notes of the National Gold Bank and Trust Company. The Regents of the State University have elected D. 0. Mills Treasurer, vice Ralston. The Finance Committee of the Board have reported that the University will loso nothing by the failure of the Bank of California, being protested by. the late Treasurer's bond for $150,000.

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IMPORTANT

. As we go to press-4 P. M.-a private telegram informs us that in consequence of a great run on the National Gold Bank and Trust Company, San Francisco, it has been obliged to close.

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THE people of San Francisco are liable to panic. They catch it as easy as a boy catches the measles. Yesterday, without cause or provocation, a run on the National Gold Bank and Trust Company was inaugurated, and for a few hours things were lively in that vicinity. At the hour of closing the bank announced that it would resume the work of paying out on Monday if people called for their money.

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RUN ON A SAN FRANCISCO BANK

SAN FRANCISCO, Oct. 31.-There was a run on the National Gold Bank and Trust Company yesterday. The bank continued business till the usual hour of closing. The officers state that they know of no cause for the run. The bank will open as usual on Monday.

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Run on a California Bank SAN FRANCISCO, October 30 There was a run on the National Gold Bank and Trust Companythis afternoon. The bank continued business till the usual hour for closing. The officers know no cause for the run. The bank will open Monday. The run was started to gratity private malice. It is also said that the bank has been buying real estate heavily and is short of coin. The acid factory of Duff, Waitz & Co., Carson, Nevada, burned this morning. Loss $45,000.

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Running a Bank

SAN FRANCISCO, Oct. 31. There was a run on the National Gold Band and Trust Co. yesterday afternoon. The bank continued business till the usual hour of closing. The officers know no cause for the run. They will open Monday. The run may have been started to gratify private malice. It is also said the bank has been buying real estate heavily, and is short of coin. withed

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and has been raining in California all day. It is reported that the National Gold & Trust Bank of San Francisco has suspended to-day. There was a run on it Saturday and to-day. (Signed): Telegraph Operator.]

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THE National Gold and Trust Compan's bank, in San Francisco, which suspended last Monday, is said to be abundantly able to pay all its liabilities. The bank made every effort to call int loans before closing is doors, but was unable to meet demands, bence the temporary suspension.

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THE MONEY MARKET

TUESDAY, Nov. 2-P.M. This being a legal holiday, no business has been transacted at any of our exchanges. London advices report consols at 94916; old 65 U.S. bonds at 1035g, and Erie 1513. The rate of discount in the open market at London is reported at 27g per cent for three months' bills, which is 1 1g per cent below the bank rate, and it is thought not improbable that the bank rate may be reduced on Thursday next. The bank, however, is reported to have lost £534,000 on balance to-day, mostly for shipment to Germany, French Rentes are quoted at 65.45. The steamship Parthia, which sailed from (Liverpool for Boston to-day. fetches £15,000 sterling. A Liverpool dispatch announces the failure of Messrs. Daca, Paleologo & Sons, with liabilities of about $500,000. A London dispatch of this day's date states that "the steamship Faraday recovered both ends of the direct United States cable, and buoyed them close together last night. If the weather continues favorable the splice will be attempted to-day. The cable may. therefore, be working at any moment." A Washington dispatch says: "The Controller of the Currency is to-day in receipt of a telegram from the President of the National Gold Bank and Trust Company of San Francisco, officially informing him that it has gone into voluntary liquidation under the provisions of the National Bank act." A St. Louis dispatch of this day's date says: "Calvin Littlefield of New-York has filed a bill in equity in the United States Circuit Court against the Atlantic and Pacific Railroad Company, asking that a receiver for the road be appointed. The petition will not be resisted, and Jadge Treat will probably to-day appoint some gentleman of New-York to act in conjunction with some thoroughly competent man of St. Louis, The following statement of the total coinage for the month of October has been prepared at the office of the Director of the Mint: Gold-Number of pieces, 216,251 double eagles; value, $4,305,020. Trade dollars-Number of pieces, 860,000; value, $860,020. Subsidiary silver-Number of pieces, 532,000 half-dollars ; value, $266,000; 992,000 quarter-dollars; value, $248,000; 900,000 dimes: value, $90,000; total, $604,000. Minor coins, 1.620,000 pieces one cent bronze; value, $16,200. Total number of pieces, 5,119,251. Total values, $5,785,240.

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The National Gold Bank at San Francisco had another heavy run last Saturday.

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PACIFIC COAST DISPATCHES FROM CALIFORNIA

Indian Matters in the Nouth-Fire The Affairs of the Gold Bank Company. SAN FRANCISCO, Nov. 4. A petition is being circulated in San Barnardino, San Diego and Los Angeles counties, addressed to Senator Sar. gent, asking the adjustment of the l'emecula Indian question and purchase of reservation lands. D. A. Dryden. Indian agent. has returned to Los Angeles, from the Indiau country. He reports no eligible Government lands on which the Indians can be placed, and recommends the purchase of a ranch for them. On his return from the south he received a disparch from Smith, Commissioner ot Indian Affairs, granting bis request for authority to expend five hundred dol lars for the imm diate necessities of the Indians. The Commissioners hope shortly to make arrangements for leasing a ranch subject to purchase when the funds are appr priated. A fire broke out on the ground floor of the Pioneer flouring mills at 10:30 last night and burned to the top of the building. The fire was SOOD mas ered. The salvage corps saved a great deal or property from being damaged by water. From the nature of the contents the principal loss was from water and smoke, and will reach to $5,000 or $6,000, which was covered by insurance. The affairs of the National Gold Bank and Trust Company are still the subject of general interest. President Davis said yesterday that it has not vet been determined to go into liquidation. Thompson, cashier. states this morning that while no official action has been taken to put the bank in liquidation, nevertheless that will be the result of this movement. The officers have no doubt but the depositors and stockholders will be paid in full. Provisions will be made for immed a e redemption of the notes of the bank at their par value in gold. The directors will hold another meeting in a few days. Terrible Storm nt Ranta Barbora. SANTA Bardara, Nov. 4. A heavy rain fell yesterday, Jumost as severe as the storm of last January. 11 commenced raining at 10:30 in the morning and continued all day with increasing severity, until six o'etock P. M. Considerable damage has been done to erops that were still standing. Towards 10 o'clock P. M. a perfect hurricane blew from the northwest, carryinz everything before it. Trees were torn up by the roots or broken short off, and barns and outhouses overturned on several ranches in the valley. One or two schooners lying in the barbo

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Pacific Coast

SAN FRANCISCO, Nov. 4.-A petition is being circulated in San Bernardino, San Diego and Los Angeles counties addressed to Senator Sargent, asking an adjustment of the Temecula Indian acquisition and the purchase of reservation lands. D. A. Drydan, Indian Agent, has returned to Los Angeles from the Indian country and reports no eligible Government lands on which the Indians can be placed. He recommends the purchase of a ranch for them. On his return from the south he received a dispatch from Smith, Commissioner of Indian Affairs, granting his request for authority to expend $5,000 for immediate necessities of the Indians. The Commissioners hope shortly to make arrangements for leasing a ranch subject to purchase, when the funds are appropriated. A fire broke out on the ground floor of the Pioneer flouring mills at ten thirty last evening and burned to the top of the building. The fire was soon mastered by the salvage, corps who saved a great deal of property from damage by water. From the nature of the contents the principal loss was from water and smoke, and will reach five or six thousand dollars, COVered by insurance. The affairs of the National Gold Bank and Trust Co. are still a subject of general interest. President Davis said yesterday it has not yet been determined to go into liquidation. Thompson, the cashier, states this morning that while $ no official action has been taken to put the Bank into liquidation nevertheless 8 that will be the result of the movement. The officers have no doubt depositors and t stockholders will be paid in full. Proposals will be made for the immediate redemption of the notes of the Bank at their par value in gold. The directors a will hold another meeting in a few days. r SANTA Barbara, Nov. 3.-There was a e heavy rain fell yesterday, almost as ser vere as the storm of last January. It commenced to rain at 10:30 in the morn0 ing, continued all day with severity until V 6 o'clock p. m. Considerable damage has a been done to crops that were standing. Towards 10 p. m. a perfect hurricane blew from the north-west, carrying everything before it. Trees were torn up by 8 the roots or broken short off barns and out-houses were overthrown on several r ranches in the valley. One or two schooners lying in the harbor dragged their anchors and had to run out to sea a for safety.

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The National Gold Bank and Trust Company of San Francisco has broken through its "solid basis," and now finds itself suspended. Gold seems to have turned State's evidence against its overzealous advocates, and is trying to see how many of their false predictions it can expose.

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-1113 anamond Smag Street The victims are from wealof имор ectiffer keepers, W YORK, Nov. 6.-Lewis J. suq des 'sd! ended. His assets are $250,liabilities unknown. His failS said to be the result of inju us real estate or rations. : George Walls delivered an gy on Frederick Hudson bethe Geographical Society, at er's Institute, . LOUIS, Nov, 6.-The Downparty, of Indian Territory, applied to Maj. Ingalls, agent, nited States troops to preserve è between the factions. Inforwarded the request to hington. : LOUIS, Nov. 5.-Col. John ail pleads guilty to four counts crooked whiskey indictment. LUMBUS, O., Nov. 6.-It is y the proprietors will grant demand for coal IS quite heavy. large proprietor has yielded. EW YORK, Nov.6.-Mrs. FlorTilden has written for a letof dismissal from Plymouth rch. he San expresses displeasure Moody and Sankey have got njunction to prevent another y from printing.and circulatheir hymns. MA YORK rs, have failed. Their habil$ are $150,000. EW YORK, Nov. 6.-The followgentlemen compose the Comlee appointed by the Associaof Congregational ministers the investigation concerning Beecher: Rev. Dr. Budington, or of Clinton Avenue Church, oklyn; Rev. Dr. W. M. Taylor, tor of Broadway Tabernacle, N. Prof. B. N. Martin, of New k University; Rev. C. H. Everpastor of the Church of the itans, Brooklyn, Rev. S. H. gin, pastor of the Congregaal Church, of Harlem, N. Y. bably nothing will be done for eek or two. The committee ch was appointed last Wednes, have held no formal meeting, have they arrived at a decision arding the method of procedure he investigation. The resoluunder which they act directs n to review ail the evidence, arent and attainable, respectthe matters which brought Mr. cher before the Courts, and to ort to the Association their ings, coupled with advice as to ther the accused gentleman uld be retained in or be exed from the Association. It L be understood that the Minrial Association has no jurision over the churches as corte bodies. It concerns itself , with the personal character of r pastors, or such of them, that is belong to the New York and oklyn Association. Should the It of the deliberations of the :nittee be a recommendation Beecher be expelled, the ption of such a resolution Id not directly affect that gen han's relations to Plymouth arch. It would simply be a verof moral condemnation by the ociation. The committee is limited to any set procedure its work, and will take all the e necessary to go to the bottom his complicated subject. AN FRANCISCO, Nov. 6.-The ectors of the National Bank Trust Company resolved to d up. Liquidation to be affectin sixty days. The stockholdand depositors will be paid in he Virginia Mining Company ared a dividend of ten dollars share. HICAGO, Nov. 6.-A number of ons indicted yesterday for ald violation of internal revenue 3 appeared in Court and gave ds for appearance. The unts of their bonds range from 0 to 6,000 dollars. It is beIII DAY sereety 01 Aug that pa ments were found. EW YORK, Nov. 6.-It is said second brigade National rd will escort the Crown ce to the Centennial. ASHINGTON, D. C., Nov. 6.undred guns were fired by the ublicans this evening in honor go victories heir

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The history of the run that brought about the suspension & few days since of the National Gold Bank and Trust Company, of San Francisco, is significant as illustrating how earily a panio in excited. The bank had a circulation of $900,000, socured by a deposit of $1,000,000 United States bonds in the Treasury Department. It temporarily susponded upon the collapse of the Bank of California, but a fow days after rosumed business, and on investigation of its sifaire by the official examiner it was found to have samets to the amount of 81,300,000 in ex0088 of all its liabilities, and its solvency was unquestioned. But a chock for $4,000 was proscoted, about which there was some irregularity, until the correction of which the bank refused payment. Thereon the holder industriously circulated the nows on California street that the bank couldn't pay a $4,000 check, and the run began. Tuo bank stood it until two minutes of the closing hour, having paid out $160,000 la gold, and having still a small balauce left, when & check for $17,000 was presented, and the doors were closed. The official examiner thon found that the assets were $1,320,003 in excess of all liabilities, but such was the extent of the panio that It was impossible to get a day's time in which to realize on & portion at least of this amount, and the concern went into liquidation.

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How a Bank Busted

The history of the run that brought about the suspension a lew days since of the National Gold Bank and Trust Company, of San Francisco, is significant as illustrating how easily a panie is excited. The bink had a circulation of $800,000, secured by a deposit of $1,000. 000 United States bonds in the Treasury Department. It temporarly suspended upon the collapse of the Bank of Calitornia, but a few days after resumed business, and on investigation of its affairs by the official examiner it was found to have assets to the amount of $1,300,000, in excess of all its liabilties, and its solveney was unquestioned. But a check for $4,000 was presented, about which there was some irregularity, until the correction of which the bank refused payment. Thereon the holder industriously circulated the news on California street that the bank couldn't pay a $4,000 check, and the run began. The bank stood it until two minutes of the closing hour. having paid out $460,000 in gold, and having still a small balance left, when a check for $17,000 was presented, and the doors were closed. The official examination then found that the assets were $1,329,903 in excess of all liabilities, but such was the extent of the panic that it was impossible to get a day's time in which to realize on a portion at least of this amount, and the concern went mio liquidation.

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- The National Gold Bank and Trust Company of San Francisco, which was forced to succumb during the panic of last year, has paid its debts in full, and will soon resume business. 1250 -- The bill empowering Paris to borrow 24,000,000 francs to complete the public works, has pussed the Deputies.