August 29, 1875 (4 pages)

1 AR SE) ETC sonal feeling between’ you and the Bank people? ak : “Mr. Flood—Not the slightest. ‘For ‘some time past otr relations have “ Bhe Daily Transeript NEVADA CITY, CAL. <x : rare peonel st Ps age -For. Z ‘. }months past Mr: Sharon has not day, August 28, 1875. asked me anithing that‘ did not do, * : nor I bim. There has been a dispoBusinéss it a Stand still. sition on both sides to oblige each other. &5 Reporter—1t is reported that you. have been locking up Jarge sums. Mr. Flood--That is like all the rest of these reports, and is without a particle of truth. I have. not lockéd up a single dollar. Repoerter=It is also said that you have been borrowing largely, and have sent to all the interior benks to procure loans and thus lock up their available capital, ~ Mr. Flood—False as the ‘rest. I Nearly all the banks in the State, ‘go far as wecamlearn, have temporari‘ty closed their doors. This course was cabsolutely necessary on, account of ‘the excitement produced by the sus‘pension of the Bank of California. “This was the only course that could ‘be parsued under the circumstan“ces. .The people have caused a-pan“Ao, and new they must wait “until Latest News To the Nevada Transcript. pect, ment is over. The banks anticipate ‘mo further trouble. ease The death of W.C. Ralston forms the principal topie-of conversation, Flags are at half mast throughout. "In the course of his speech at San Jose, a few days since, Mr. Phelps, the Republican candidate for Governor, said: The mistake, I think, the Independent party has made, is, that they did not join with us in our efforts to reform the. extravagence and abuses existing in the Government, and the mistake they now make is they do not now joia with us. They know we are earpest and sincere itr-our determination to carry out the declarations ef eur platform regarding the lessening of our public burdens. What they hope to gain BY TELEGRAPH San{Francisco,Saturday, 2P. M. California street wears a quiet asnd it is believed the excite. by continuing the contest, is more} Vole Robinson officiated as_grooms‘matters are straightened ont, and ‘coin had for ‘the various avenues of trade. It seems the run on the Bank of California was-eaused by . idle rumors, which were, svon swallowed for truth by a'too credulous ‘public, and the result has proved disastrous. It appears the ramors about the. row between Flood & _ “O’Brien, and the’ Bank crowd,* were :all false, as appears from the statement made by both parties. The “people here believing the story of the Chronicle, were not tow in uttering “Nbitter denunciation of Flood, Mackie, and other members ef the firm. In proof that they were uot the cause of ‘the break, we ‘publish the state«ments of James C, Flood, and W. C. ‘Ralston, which are in brief as follows: Reporter—Mr. Ralston, will the ‘depositors suffer by this suspension? (question but the Bank ef Culifornia ~will be able tp meet all its obligations. Reporter will the bank open te"morrow. ° Mr, Ralston—We do not propose ‘to resume business. The bank will @uspend all operations. Reporter -How much coin has ‘been paid out by the bank to-day? Ralston—Over $1,400,000 in coin, Desides other securities. Zs Beporter—Will the country banks tbe affected by your suspension? Mr. Ralston--Not necessarily. Reporter—Have they nsually a bal‘ance to their credit with you,’ or otherwise? ” ‘Mr. Ralston—If you werea banker cr financier you would not ask that ae ‘question. Itis better that I should ‘gay nothing on that point. Reporter—Is there any truth in the report that Mr. Flood drew $2,: 600,000 or thereabouts from the bank without previous notice? ‘Mr. Ralston—No, that story is all ‘eosh and stuff. Our relations witb Flood & O’Brien are of the most pleasant and cordial character. Reporter—When do you expect money will be more plentiful? Mr. Ralston—Well, the money ‘that has gone into the vountry to move the crops, will be coming back about the middle of next mouth, but the money market can be eased up materially when those who have money will ge into the market and ‘buyjstocks and let it loose again. James C. Flood, of the firm of tight. never borrow. I have no need to borrow, and itis not my way of doing business. I do not owe a single dollar in the world to any man. Mr. Flood—No matter how much money there is, there will _never_be enough when there is anything like a panic. You newspapers say money is going to be tight, and it will be What is called a ygageoar’ of money.is really more of a curtailment of credits. In all transactions actual money is only used to a small extent. I may buy‘or sell a million of dollars worth of stocks and not a hundred double eagles will be used in thetransaction,, If you were to take ull the money in this city atany time yen could not buy out the stores on one side of Kearney street, if you had to pay coin right down. When people get an idea that money is tight or is going to-be tight, them as a precaution they all try to get it, and of course there is not enough to go around. Supnosing you were to put up this whole city at auction to‘morrow, and demand coin in pvyYou could not get a cent more than there is coin in the commanity, and you would not get that, for as seon as other people saw you wanted coin so badly, they would want coin worse than you, and if you offered the Palace Hotel for a dollar and a balf they would c@nclude just then the dollar and a half was more valuablethan the Palace Hotel. Reporter—What will be the result of this suspension? _, Mr. Fiood—Such things are always disastrous. The suspension of the Bank of California, with its ramifications in all directions,.is a great public misfortune. But there_is 10 reagon why the disaster should not end there. The Califernia banks, I have no doubt, are all solvent, and ‘ean pay mach more than dollar for dollar. “ Reporter—But if there ia a run on them? f Mr. Flood—If there is a rum on them they can not pay until they have time to realize their assets. No bank in the world could pay if called on suddenly. Banks don’t take the money they receive .and lock itup im their yauits. If they did they would cease to be banks, become safe deposit companies and have to charge for keeping money. We have in this city to-night $1,200,000 in bullion., But it is not coin and could not be paid out overa bank counter to meet the checks of the depositors. There is no reason for any ran and no necessity for any alarm, While it isa physical impossibility for the banks to pay everbody at euce in coin, they havd their assets, Reporter—When will the Bank of Nevada start? Mr. Flood—I shall: hurry it up now as fast as I ean, and will put on all the workmen I can possibly get. Reporter—There is no prospect of diminution in the yield of the mines? Mr. Flood—There will be a large Flood ,& O’Brien, supposed w be “the man who broke the bank,” was interviewed. Flood denied theatory ‘that he had drawn $1,800,000 out of the Bank of Culifornia, *‘On the eentzary,” said he, “I huve avoided: drawing because I knew they were gn a tight place, and needed accomaodatious.”” I had $200,000, which I might have drawn hadI been so disposed, but desired to help them out. I had a check for $300,000. __-Mr. Ralston told me that they wished # little delay, and I arranged the matter as be wished, he paying me $100,000. I Would rather have lost the $200,000 than have it said that I ‘was the cause uf the bank’s suspen=) wion,”’ Reporter—lIt is said that you were in consultation with the Bank of Californiu, and the fipil announcement that the bank will not resume Dusiness again is looked upon as “the result ot an understunding had with you, which amounts toa virtual trapsfer of the business, the Union Mills, privilege of using the Ophir shaft, ete. Mr. Flood——There is not a scintilla of truth in avy of these reporis. ‘fbis one is just like the o.bers which have been pussing around, und haye found their way into print. Reporter—'Laere is no con est then between you for the Ophir aud the mills of the Union Mill and Mining Company? agin Mr. Fivod—Over & wegk ago Mr. Sharon tuld. methat we might. use the Ophir shaft as long as we did not. interfere with the regular ou twork ofthe mine. The mills we “would fike to have, as we desire tu dnucrease our milling facilities. ‘Chere has been a differeuce as to price bedween us, but we huve Do immediate ‘need -of the -milis,— increase. Our mines are naw yield. ing seventeen er eighteen hundred thousand dollars a month. The new Califernia mill will increase that one half. If we get the other mills the yield will be still further increased, and we have ordered another mill, as large as the one now being put up. ‘The dranvhts for it are-already being made. — Reporter—That does not betoken any long depression? ‘ Mr. Flood—No; the whole State is prosperous andgthere is no reason for any depressigt at all. We have the reul weulth, and with that must soon recover our balance. Betting on Elections. When politiéal discussions become heated, persons ure very apt to offer to substantiate their. belief in the certectness of. their assertions by making a bet. The code is very strict ‘upon this poiat, as will be seen by the following, Section 60: “Every person who makes, offers or accepts any bet or wager upen the result of any election, or upon the success of failure of any candidate, or upon the number of votes to be cast, either in, the aggregate or for any particular condidate, or upon the vote to be cast by any particular person, is guilty of a misdemeanor." if Get Registered. Those who are. citizens, whose names do not appear upon the Great Reyister as printed, aud who . desire . gradually subsiding, the city, and there is a universal expression of regret and sympathy for the deceased heard on all sides. Latest information tends strongly to dispose of the theory that he committed suicide, and statement of attending physicians go to show that death resulted from apeplexy, while in swimming, saad ¥ “Yesterday Mr, Ralston transferred all his property to Mr: Sharon for the benefit of his creditors, and Mr. Sharon hecepting the trust, pledged his sacred honor to stand by his old friend to the last dollar of his own private fortune. _ Ata meeting of the Trustees of the. Bank of California, held on that if the management was left to. him, he would pay dollar for dollar .to depositors, and fifty cents om a dollar to stockholders, but after an. exciting discussion it was decided to accept his resignation. Considerable difference of opinion exists among leading stock ope-. ratots as to the effect of the failure in mining shares when the business opens again. have beneficial effects, and predict as regards to bonanza mines, those controlling them will now have better facilities for working them, ss mills owned by the Bank party will Seme claim it will _probably pass into their hands. Others take less hopeful views of the situation. The affairs of the Bank of California, have been placed in the hands of.a committee consisting of Wm. Alvard, G. H. Howard and D. O. Mills. — Statement of the bank affairs has not yet been prepared, but reliable information shows that the liabilities will be upwards of $14,000,000. Reliable assets, $7,000,000 to $8,000,000. The stockhelders will probably have to be assessed from. 40 to 50 centsona dollar. The ‘principal stockholders are Batron’s estate, Thos. Bell, N. Luning, Moses Ellis, J.B. Thomas, A. T, Lawton, G. Howard, Wm. Norris, J. O. Earl, Reese, D. O. Mills, M. Livingstone and O. F. Giffen. : Late News. A report which is deemed quite plausable, is onthe streets in San Francisco, to the effect that negotiations are pending between the Bank ef California and Flood’& O'Brien, for the transfer of the Bank's entire business to the new Bank of Nevada. The fact that the firm named pessesses au umple supply of ready, cash ls well known, and the prevailing belief that somethiug of the kind referred to will be done gives general relief, There is great activity at Flood -& O’Brien’s headquarters, and the speedy opening of the new bank is confidently expected. : The President of the Lendon and San Francis¢éo Bank, received a telegraphie transfer of $500,000 from the Sub Treasury, and the news of begun oun the bank. The excitement in the city is now aud there is effects from the panic.Certainly —we fywowid pettiink of breakiug a bank, rphan I can conceive, asit is now, I think apparent to the most careless. observer that the Independent, party will not carry a single county in the State. The only object they can hope to gain, then, is the defeat of, the Republican party and the election of the Democratic ticket, which simple means four years more of high salaries; extravagance and. wuste—four years more of over-taxation, and consequent paralyzat.on of our industries. If they should suceced in accomplishing this end, the leaders may rest assured the people will hold them responsible for it. In Danger. The San Francisco Call aed Bulletin have done more to injure the Bank of California than all other causes combined. Scarcely a day passed that these sheets have not atame to believe that their money was no in a safe place, and commenced a rua onthe Bank of California, which bas been the cause of the suspension of the bank and the death of Mr, Ralston, The feeling in San Francisco on Friday night against these papers was intense, and it was generally believed the Call and Bulletin officers would be mobbcommand of Col. Mason, was placed under arms for the purpose of protecting these enemies of San Francisco. We mistake the temper of the people of that city, if they longer allow Fitch and Pickering to control itas they have done in the past. Suicide of W. C. Ralston. Late on Friday evening the terrible news was received here that William C. Ralston, President of the Bank of , California, had committed suicide, by drowning. His body was reeovered, but life was extinct within a short time after being found, Tne loss isa terrible one to the Stite, for no man living bas done so much for itin the way of assistingand putting through the mining, manufacturing and other interests as William C. Ralston. His loss will be severely felt, and it will take a long time to recover from it. Judge Cavis. Judge Cavis addressed the people of this eity, on the issues of the day, on Friday eyening last. . some trepidation while the byme-: ed. The Third Regiment, under the Owing to ' The Virginia City Enterprise says at 3 o’clock Thursday afternoon, Mr. William C. Carter, formerly of. Nevada County, “@alifornia, and Miss Mary L, Noyes,daughter of Mrs. Delevan, of this city, were united in the . holy bonds of matrimony. The wedding took place in St. Paul’s Charch, Bishop Whitaker officiating. The bride was very prettily attired in white tulle en traine, with vail and. erange blessoms, and looked surpassingly lovely. Miss Snda Craddock, who acted as bridesmaid, also Jooked very bandsome in -white Swiss. man, The bridegroom manifested neal knot was Weing tied, but the ceremony was.gove through with . without any hitch or unaeecessrry delay. At the conclusion‘ef the same the friends of the wedded pait adjourned to the residence of Mr. Del-evan, on North C street, where they were entertained right royally. A bountiful supply of wine and cake found its way to this office, for which the happy pair will please ac cept our thanks and kind wishes for their future prosperity. Later in the day Mrs. Delevan eritertained fifty-or sixty children residing in the neighborhood, fairly surfeiting them with eake and sweetmeats. Mr. and Mrs. Carter left for San Franeisco on last evening’s train. _ Ya San Francisco Bulletin says —what_would you ges for it?. psidey afternoon, Ralston promised tacked Mr-Ralsten,and-people there} *t the present _time — oe ee fifty pretended physicians, male and female; pursuing a practice in that city that should consign everyone of them to the State Prison. Two of the most enterprising and villainous of the lot, are under commitment for trial at the County Conrt, and the results of these cases, it is hoped, will encourage the police to increased vigilance in hunting down the wretches. Tar Cuban patriets have been fighting for eight years, ani bave worn ont three Spanish Governments, and buried as many armies, and yet onr Gevernment cannot see that the Cubans are belligerents.—N. O. Republican. NRA WE SRE EAE ETE EL ERT TIS CARD, Ed. Transcript: é I DESIRE through your columns, to state to my numerous friends in Mevada County, that 1 will rot accept thé appointment of Depnty Assessor under Mr. John McBean, should he be elected at the general election on Wednestay next. H. F, WILKINSON. ‘August 28th, 1875. , ‘FoR SALE. SIX HORSE TEAM and two wagons, with wagon cover, chains, shoes, jock chains and -everything complete for hauling timber or freight. _ Also one second-hand top buggy, with two sets buggy harness. Vill sell the whole or anv part. Inquire of BIGELOW & CO, Nevada, Aug. 29, 1875, DEMOCRATIC MEETING. The Democracy will assen.ble in mass mecting, and be addressed by theHON. WM. WATT, i John Parrott, D. J. Tallant, Michael . this put a stop to the run which had! very. little danger of any permanent Private dispatches received here A.B. DIBBLE, ESQ., And Other Speakers, i —AT— y NEVADA CITY, On Monday Evening, Aug. 30th, the excitement on account of the anspension of the Bank of California and suicide of W. C. Ralston, the audiénce was quite small, But those who heard it say it was one of the best. speeches of the campaign. ~ Rally Democrats for’ the hour of victory is approaching! : aug35-td Delinquent No ice. “NASCADE PLUE GRAVEL MINING COMPANY. Location of Works, Nevada Township, Nevada County, Cal. Notice—There 1s delinquent upon the following de-cribed stock, on account of assessVoters Take Notice. On the various tickets the words “Constitutional Amendments’ are printed. Voters should bear in mind that they must write ‘‘No’’ or ““Yes,’’ or they will not be counted either way. Bear this factin mind, everybody. ment (No. 3,) levied on the 20th day of Ju. te} A acucassiinsnddageneit ieee MILITARY NOTICE! — NEVADA LIGHT GUARD, A.3 APPEAR AT YOUR ARMORY, IN FULL UNIFORM, ; On Thursday Sept. 9th, 1875, At 1% o’clocx, P. M., for Ann gg a Practice. oe ont forget the Monthly Meetin, day night, Sept. 6th, when poten Sep gy? sah vonmtbon. will be made. The Company will march prom 9° o’clock, and ajl not in the Pesci pin Aa hag except sickness or absence from Judge Roberts, AND OTHER SPEAKERS, i ILL. Address. the citizens of the county, at the following times and /~ places: 4. ; : i: NORTH BLOOMFIELD, Monday "vening, Aug. 30th. GRASS VALLEY, . Tues*av Evening Aug. ist. By Order ofthe Republican County : Central Committee. tte -For District Attorney, E. EH. Gaylord. PHOTOGRAPHIC. % THE ARTIST, R A. DESMOND, . . 48 returned from San Franeiaeo, yme all the NOVELTIES, THE LATEST AND BEST, Instruments and Accessories, Prepared to make PICTURES SUPERIOR Even to those made by him heretofew. Call at the RUDOLPH PHO. GRAP# GALLERY, BROAD STREET, NEVADA CITY. augt5-Im HATR WORK! HAIR WORK! MISS C. E. BULMER, AVING just arrived in Nevada desires to inform the ladies that has opened a place on Commercial Street, Opposite Potter & Sigourney’s, Where she is prepared to do. HAIR WOB In all its branches, such as manufacturin CURLS, SWITCHES, PUFF FRIZZES, WATERFALLS, Ete., Ete, , OF ALL SHADES AND COLORS. She is also prepared to do all kinds of Ladies Hair Dressing for Balls and Parties at Short Notice. A share ofaia solicited. Cal and see specimens of Hair Work. @ -C, E. BULMBB. Nevada City, August 12, 107. aya ae follows: . Av Eureka, Nevada, a singular, —— No.-of---No, of ——— European and American Chromo ly, 1875, the several amounts set. “the numer of the respective starenotders, . = ‘ Names Certifi’e Shares Amt cave. has been found in the Alta), 5 iiomnibie, 49 1400 140 00 mine, The Sentinel says the open-. H H Andrews, 46 1250 125 00 ing has been explored for a distance yu belawin: = 4 oo of more than fifty feet without any . J M Baldwin, ~ 32 200 =, 20 00 eng uade J M Baldwin, 33 20) 20.00 indications of the end. At the bot-. J m Baidwin, 34 200-2000 tom are immense fissures which ex. J }f Bulgvin. ek Se tend downward a great distance, and . J M Baldwin, 37 208 =. 20 00 a strong current of air which is eon=? B aeinee: 3 bey aetinually passing through, indi Geo H Hallett, 4 50 y passing through, indicates . Coo i Hallett, 5 Bi oe that the cave is connected by an . Geo H Hallett, 6 50 B00 opening with the eutside world. is. a om ia — @ OMcMullin, a 100 «=: 10.00 mer, f Pleasant and Profitable Employ=. p wv stoc man, m4 = = 4 ment. OL Prince, 44, 188 18 80 “Beautiful!” ““Charming!’’ ‘Oh, HD Tisdale 53 100 10.00 how lovely!’ ‘What are they . HD Tisdale, 53 700 =: 10 00 gin &c. Regs are exclamations . 8 D Tisdale, oo 100-1000 by those who see the large ele-. Gist Tilde io gunt New Chromos produced by the. Gp We a Hy 300 ed even if we could, im order to "ge: sasession ef them, = -: Repurter—Hus there been no perCOLD SPARKLING SODA WATER, aT PRESTON’S DRUG STORB. The eet of Wines and Liquor _. for Medical Purposes . Choice Colognes, Toilet Goods and Standard Perfumes. Prescriptions carefully compounded as all hours, day or night. ; soe ; be vosors: . Boston, Mass, SON & CO., 738 Washington St,, Office—311 California cisco. . 0 Street, San Fran. tv vote next Weduesday, should lose } yesterday, state that the excitement aT, De en eer day of July, 1375, so many shares of each E. M PRESTON, no time in calling apon. the County . 8. mien . and ipa few days ev-. temptation te buy when seeing th+ pot gabe pergcortt Seeley Mg tube ames Pavearst, Broad Strest. Clerk and having themselves regis-. oryehips will be going along smeoth-. Cbromos, Canvassers, Agents, and. of the Company, 311 Califoria Street, Nevada, July 31, 1875, tered. He will give them u certifi‘— ee _ ladies and geatlemen out of employ-. prog i. oe Monday wthe iste ‘eat s 72 oate of registry which will entitle) Preaching. ever offered September, 1875, at hour of o'clock, P. M., . For Sheriff, them to vote, although their mames. Rev. Mr. Green will preach at the tal pertiegans, ene’ or — Sains Gaetan, teowtben oath cain of adeee Counte: Jdo ays appear upon the printed reg-) A. M. E. Church, to-day, at the usufidential cirealar. Address ¥. GLEA-. MB TFINGTON, Secretary aed goed ‘open as a cand> ix ‘ > . . for storittof Nevada Couniy. Gebjes . te ne political party. THOMPSON O ‘ considered as absentees. No excuses re. ~ “By order, ; : ,@ J.A. RAPP, REPUBLICAN MEETINGS, YOU ARE “HEREBY caer? a

1 AR SE) ETC sonal feeling between’ you and the Bank people? ak : “Mr. Flood—Not the slightest. ‘For ‘some time past otr relations have “ Bhe Daily Transeript NEVADA CITY, CAL. <x : rare peonel st Ps age -For. Z ‘. }months past Mr: Sharon has not day, August 28, 1875. asked me anithing that‘ did not do, * : nor I bim. There has been a dispoBusinéss it a Stand still. sition on both sides to oblige each other. &5 Reporter—1t is reported that you. have been locking up Jarge sums. Mr. Flood--That is like all the rest of these reports, and is without a particle of truth. I have. not lockéd up a single dollar. Repoerter=It is also said that you have been borrowing largely, and have sent to all the interior benks to procure loans and thus lock up their available capital, ~ Mr. Flood—False as the ‘rest. I Nearly all the banks in the State, ‘go far as wecamlearn, have temporari‘ty closed their doors. This course was cabsolutely necessary on, account of ‘the excitement produced by the sus‘pension of the Bank of California. “This was the only course that could ‘be parsued under the circumstan“ces. .The people have caused a-pan“Ao, and new they must wait “until Latest News To the Nevada Transcript. pect, ment is over. The banks anticipate ‘mo further trouble. ease The death of W.C. Ralston forms the principal topie-of conversation, Flags are at half mast throughout. "In the course of his speech at San Jose, a few days since, Mr. Phelps, the Republican candidate for Governor, said: The mistake, I think, the Independent party has made, is, that they did not join with us in our efforts to reform the. extravagence and abuses existing in the Government, and the mistake they now make is they do not now joia with us. They know we are earpest and sincere itr-our determination to carry out the declarations ef eur platform regarding the lessening of our public burdens. What they hope to gain BY TELEGRAPH San{Francisco,Saturday, 2P. M. California street wears a quiet asnd it is believed the excite. by continuing the contest, is more} Vole Robinson officiated as_grooms‘matters are straightened ont, and ‘coin had for ‘the various avenues of trade. It seems the run on the Bank of California was-eaused by . idle rumors, which were, svon swallowed for truth by a'too credulous ‘public, and the result has proved disastrous. It appears the ramors about the. row between Flood & _ “O’Brien, and the’ Bank crowd,* were :all false, as appears from the statement made by both parties. The “people here believing the story of the Chronicle, were not tow in uttering “Nbitter denunciation of Flood, Mackie, and other members ef the firm. In proof that they were uot the cause of ‘the break, we ‘publish the state«ments of James C, Flood, and W. C. ‘Ralston, which are in brief as follows: Reporter—Mr. Ralston, will the ‘depositors suffer by this suspension? (question but the Bank ef Culifornia ~will be able tp meet all its obligations. Reporter will the bank open te"morrow. ° Mr, Ralston—We do not propose ‘to resume business. The bank will @uspend all operations. Reporter -How much coin has ‘been paid out by the bank to-day? Ralston—Over $1,400,000 in coin, Desides other securities. Zs Beporter—Will the country banks tbe affected by your suspension? Mr. Ralston--Not necessarily. Reporter—Have they nsually a bal‘ance to their credit with you,’ or otherwise? ” ‘Mr. Ralston—If you werea banker cr financier you would not ask that ae ‘question. Itis better that I should ‘gay nothing on that point. Reporter—Is there any truth in the report that Mr. Flood drew $2,: 600,000 or thereabouts from the bank without previous notice? ‘Mr. Ralston—No, that story is all ‘eosh and stuff. Our relations witb Flood & O’Brien are of the most pleasant and cordial character. Reporter—When do you expect money will be more plentiful? Mr. Ralston—Well, the money ‘that has gone into the vountry to move the crops, will be coming back about the middle of next mouth, but the money market can be eased up materially when those who have money will ge into the market and ‘buyjstocks and let it loose again. James C. Flood, of the firm of tight. never borrow. I have no need to borrow, and itis not my way of doing business. I do not owe a single dollar in the world to any man. Mr. Flood—No matter how much money there is, there will _never_be enough when there is anything like a panic. You newspapers say money is going to be tight, and it will be What is called a ygageoar’ of money.is really more of a curtailment of credits. In all transactions actual money is only used to a small extent. I may buy‘or sell a million of dollars worth of stocks and not a hundred double eagles will be used in thetransaction,, If you were to take ull the money in this city atany time yen could not buy out the stores on one side of Kearney street, if you had to pay coin right down. When people get an idea that money is tight or is going to-be tight, them as a precaution they all try to get it, and of course there is not enough to go around. Supnosing you were to put up this whole city at auction to‘morrow, and demand coin in pvyYou could not get a cent more than there is coin in the commanity, and you would not get that, for as seon as other people saw you wanted coin so badly, they would want coin worse than you, and if you offered the Palace Hotel for a dollar and a balf they would c@nclude just then the dollar and a half was more valuablethan the Palace Hotel. Reporter—What will be the result of this suspension? _, Mr. Fiood—Such things are always disastrous. The suspension of the Bank of California, with its ramifications in all directions,.is a great public misfortune. But there_is 10 reagon why the disaster should not end there. The Califernia banks, I have no doubt, are all solvent, and ‘ean pay mach more than dollar for dollar. “ Reporter—But if there ia a run on them? f Mr. Flood—If there is a rum on them they can not pay until they have time to realize their assets. No bank in the world could pay if called on suddenly. Banks don’t take the money they receive .and lock itup im their yauits. If they did they would cease to be banks, become safe deposit companies and have to charge for keeping money. We have in this city to-night $1,200,000 in bullion., But it is not coin and could not be paid out overa bank counter to meet the checks of the depositors. There is no reason for any ran and no necessity for any alarm, While it isa physical impossibility for the banks to pay everbody at euce in coin, they havd their assets, Reporter—When will the Bank of Nevada start? Mr. Flood—I shall: hurry it up now as fast as I ean, and will put on all the workmen I can possibly get. Reporter—There is no prospect of diminution in the yield of the mines? Mr. Flood—There will be a large Flood ,& O’Brien, supposed w be “the man who broke the bank,” was interviewed. Flood denied theatory ‘that he had drawn $1,800,000 out of the Bank of Culifornia, *‘On the eentzary,” said he, “I huve avoided: drawing because I knew they were gn a tight place, and needed accomaodatious.”” I had $200,000, which I might have drawn hadI been so disposed, but desired to help them out. I had a check for $300,000. __-Mr. Ralston told me that they wished # little delay, and I arranged the matter as be wished, he paying me $100,000. I Would rather have lost the $200,000 than have it said that I ‘was the cause uf the bank’s suspen=) wion,”’ Reporter—lIt is said that you were in consultation with the Bank of Californiu, and the fipil announcement that the bank will not resume Dusiness again is looked upon as “the result ot an understunding had with you, which amounts toa virtual trapsfer of the business, the Union Mills, privilege of using the Ophir shaft, ete. Mr. Flood——There is not a scintilla of truth in avy of these reporis. ‘fbis one is just like the o.bers which have been pussing around, und haye found their way into print. Reporter—'Laere is no con est then between you for the Ophir aud the mills of the Union Mill and Mining Company? agin Mr. Fivod—Over & wegk ago Mr. Sharon tuld. methat we might. use the Ophir shaft as long as we did not. interfere with the regular ou twork ofthe mine. The mills we “would fike to have, as we desire tu dnucrease our milling facilities. ‘Chere has been a differeuce as to price bedween us, but we huve Do immediate ‘need -of the -milis,— increase. Our mines are naw yield. ing seventeen er eighteen hundred thousand dollars a month. The new Califernia mill will increase that one half.. If we get the other mills the yield will be still further increased, and we have ordered another mill, as large as the one now being put up. ‘The dranvhts for it are-already being made. — Reporter—That does not betoken any long depression? ‘ Mr. Flood—No; the whole State is prosperous andgthere is no reason for any depressigt at all. We have the reul weulth, and with that must soon recover our balance. Betting on Elections. When politiéal discussions become heated, persons ure very apt to offer to substantiate their. belief in the certectness of. their assertions by making a bet. The code is very strict ‘upon this poiat, as will be seen by the following, Section 60: “Every person who makes, offers or accepts any bet or wager upen the result of any election, or upon the success of failure of any candidate, or upon the number of votes to be cast, either in, the aggregate or for any particular condidate, or upon the vote to be cast by any particular person, is guilty of a misdemeanor." if Get Registered. Those who are. citizens, whose names do not appear upon the Great Reyister as printed, aud who . desire . gradually subsiding, the city, and there is a universal expression of regret and sympathy for the deceased heard on all sides. Latest information tends strongly to dispose of the theory that he committed suicide, and statement of attending physicians go to show that death resulted from apeplexy, while in swimming, saad ¥ “Yesterday Mr, Ralston transferred all his property to Mr: Sharon for the benefit of his creditors, and Mr. Sharon hecepting the trust, pledged his sacred honor to stand by his old friend to the last dollar of his own private fortune. _ Ata meeting of the Trustees of the. Bank of California, held on that if the management was left to. him, he would pay dollar for dollar .to depositors, and fifty cents om a dollar to stockholders, but after an. exciting discussion it was decided to accept his resignation. Considerable difference of opinion exists among leading stock ope-. ratots as to the effect of the failure in mining shares when the business opens again. have beneficial effects, and predict as regards to bonanza mines, those controlling them will now have better facilities for working them, ss mills owned by the Bank party will Seme claim it will _probably pass into their hands. Others take less hopeful views of the situation. The affairs of the Bank of California, have been placed in the hands of.a committee consisting of Wm.

Alvard, G. H. Howard and D. O. Mills. — Statement of the bank affairs has not yet been prepared, but reliable information shows that the liabilities will be upwards of $14,000,000. Reliable assets, $7,000,000 to $8,000,000. The stockhelders will probably have to be assessed from. 40 to 50 centsona dollar. The ‘principal stockholders are Batron’s estate, Thos. Bell, N. Luning, Moses Ellis, J.B. Thomas, A. T, Lawton, G. Howard, Wm. Norris, J. O. Earl, Reese, D. O. Mills, M. Livingstone and O. F. Giffen. : Late News. A report which is deemed quite plausable, is onthe streets in San Francisco, to the effect that negotiations are pending between the Bank ef California and Flood’& O'Brien, for the transfer of the Bank's entire business to the new Bank of Nevada. The fact that the firm named pessesses au umple supply of ready, cash ls well known, and the prevailing belief that somethiug of the kind referred to will be done gives general relief, There is great activity at Flood -& O’Brien’s headquarters, and the speedy opening of the new bank is confidently expected. : The President of the Lendon and San Francis¢éo Bank, received a telegraphie transfer of $500,000 from the Sub Treasury, and the news of begun oun the bank. The excitement in the city is now aud there is effects from the panic.Certainly —we fywowid pettiink of breakiug a bank, rphan I can conceive, asit is now, I think apparent to the most careless. observer that the Independent, party will not carry a single county in the State. The only object they can hope to gain, then, is the defeat of, the Republican party and the election of the Democratic ticket, which simple means four years more of high salaries; extravagance and. wuste—four years more of over-taxation, and consequent paralyzat.on of our industries. If they should suceced in accomplishing this end, the leaders may rest assured the people will hold them responsible for it. In Danger. The San Francisco Call aed Bulletin have done more to injure the Bank of California than all other causes combined. Scarcely a day passed that these sheets have not atame to believe that their money was no in a safe place, and commenced a rua onthe Bank of California, which bas been the cause of the suspension of the bank and the death of Mr, Ralston, The feeling in San Francisco on Friday night against these papers was intense, and it was generally believed the Call and Bulletin officers would be mobbcommand of Col. Mason, was placed under arms for the purpose of protecting these enemies of San Francisco. We mistake the temper of the people of that city, if they longer allow Fitch and Pickering to control itas they have done in the past. Suicide of W. C. Ralston. Late on Friday evening the terrible news was received here that William C. Ralston, President of the Bank of , California, had committed suicide, by drowning. His body was reeovered, but life was extinct within a short time after being found, Tne loss isa terrible one to the Stite, for no man living bas done so much for itin the way of assistingand putting through the mining, manufacturing and other interests as William C. Ralston. His loss will be severely felt, and it will take a long time to recover from it. Judge Cavis. Judge Cavis addressed the people of this eity, on the issues of the day, on Friday eyening last. . some trepidation while the byme-: ed. The Third Regiment, under the Owing to ' The Virginia City Enterprise says at 3 o’clock Thursday afternoon, Mr. William C. Carter, formerly of. Nevada County, “@alifornia, and Miss Mary L, Noyes,daughter of Mrs. Delevan, of this city, were united in the . holy bonds of matrimony. The wedding took place in St. Paul’s Charch, Bishop Whitaker officiating. The bride was very prettily attired in white tulle en traine, with vail and. erange blessoms, and looked surpassingly lovely. Miss Snda Craddock, who acted as bridesmaid, also Jooked very bandsome in -white Swiss. man, The bridegroom manifested neal knot was Weing tied, but the ceremony was.gove through with . without any hitch or unaeecessrry delay. At the conclusion‘ef the same the friends of the wedded pait adjourned to the residence of Mr. Del-evan, on North C street, where they were entertained right royally. A bountiful supply of wine and cake found its way to this office, for which the happy pair will please ac cept our thanks and kind wishes for their future prosperity. Later in the day Mrs. Delevan eritertained fifty-or sixty children residing in the neighborhood, fairly surfeiting them with eake and sweetmeats. Mr. and Mrs. Carter left for San Franeisco on last evening’s train. _ Ya San Francisco Bulletin says —what_would you ges for it?. psidey afternoon, Ralston promised tacked Mr-Ralsten,and-people there} *t the present _time — oe ee fifty pretended physicians, male and female; pursuing a practice in that city that should consign everyone of them to the State Prison. Two of the most enterprising and villainous of the lot, are under commitment for trial at the County Conrt, and the results of these cases, it is hoped, will encourage the police to increased vigilance in hunting down the wretches. Tar Cuban patriets have been fighting for eight years, ani bave worn ont three Spanish Governments, and buried as many armies, and yet onr Gevernment cannot see that the Cubans are belligerents.—N. O. Republican. NRA WE SRE EAE ETE EL ERT TIS CARD, Ed. Transcript: é I DESIRE through your columns, to state to my numerous friends in Mevada County, that 1 will rot accept thé appointment of Depnty Assessor under Mr. John McBean, should he be elected at the general election on Wednestay next. H. F, WILKINSON. ‘August 28th, 1875. , ‘FoR SALE. SIX HORSE TEAM and two wagons, with wagon cover, chains, shoes, jock chains and -everything complete for hauling timber or freight. _ Also one second-hand top buggy, with two sets buggy harness. Vill sell the whole or anv part. Inquire of BIGELOW & CO, Nevada, Aug. 29, 1875, DEMOCRATIC MEETING. The Democracy will assen.ble in mass mecting, and be addressed by theHON. WM. WATT, i John Parrott, D. J. Tallant, Michael . this put a stop to the run which had! very. little danger of any permanent Private dispatches received here A.B. DIBBLE, ESQ., And Other Speakers, i —AT— y NEVADA CITY, On Monday Evening, Aug. 30th, the excitement on account of the anspension of the Bank of California and suicide of W. C. Ralston, the audiénce was quite small, But those who heard it say it was one of the best. speeches of the campaign. ~ Rally Democrats for’ the hour of victory is approaching! : aug35-td Delinquent No ice. “NASCADE PLUE GRAVEL MINING COMPANY. Location of Works, Nevada Township, Nevada County, Cal. Notice—There 1s delinquent upon the following de-cribed stock, on account of assessVoters Take Notice. On the various tickets the words “Constitutional Amendments’ are printed. Voters should bear in mind that they must write ‘‘No’’ or ““Yes,’’ or they will not be counted either way. Bear this factin mind, everybody. ment (No. 3,) levied on the 20th day of Ju. te} A acucassiinsnddageneit ieee MILITARY NOTICE! — NEVADA LIGHT GUARD, A.3 APPEAR AT YOUR ARMORY, IN FULL UNIFORM, ; On Thursday Sept. 9th, 1875, At 1% o’clocx, P. M., for Ann gg a Practice. oe ont forget the Monthly Meetin, day night, Sept. 6th, when poten Sep gy? sah vonmtbon. will be made. The Company will march prom 9° o’clock, and ajl not in the Pesci pin Aa hag except sickness or absence from Judge Roberts, AND OTHER SPEAKERS, i ILL. Address. the citizens of the county, at the following times and /~ places: 4.. ; : i: NORTH BLOOMFIELD, Monday "vening, Aug. 30th. GRASS VALLEY, . Tues*av Evening Aug. ist. By Order ofthe Republican County : Central Committee. tte -For District Attorney, E. EH. Gaylord. PHOTOGRAPHIC. % THE ARTIST, R A. DESMOND, . . 48 returned from San Franeiaeo, yme all the NOVELTIES, THE LATEST AND BEST, Instruments and Accessories, Prepared to make PICTURES SUPERIOR Even to those made by him heretofew. Call at the RUDOLPH PHO. GRAP# GALLERY, BROAD STREET, NEVADA CITY. augt5-Im HATR WORK! HAIR WORK! MISS C. E. BULMER, AVING just arrived in Nevada desires to inform the ladies that has opened a place on Commercial Street, Opposite Potter & Sigourney’s, Where she is prepared to do. HAIR WOB In all its branches, such as manufacturin CURLS, SWITCHES, PUFF FRIZZES, WATERFALLS, Ete., Ete, , OF ALL SHADES AND COLORS. She is also prepared to do all kinds of Ladies Hair Dressing for Balls and Parties at Short Notice. A share ofaia solicited. Cal and see specimens of Hair Work. @ -C, E. BULMBB. Nevada City, August 12, 107. aya ae follows: . Av Eureka, Nevada, a singular, —— No.-of---No, of ——— European and American Chromo ly, 1875, the several amounts set. “the numer of the respective starenotders, . = ‘ Names Certifi’e Shares Amt cave. has been found in the Alta), 5 iiomnibie, 49 1400 140 00 mine, The Sentinel says the open-. H H Andrews, 46 1250 125 00 ing has been explored for a distance yu belawin: = 4 oo of more than fifty feet without any . J M Baldwin, ~ 32 200 =, 20 00 eng uade J M Baldwin, 33 20) 20.00 indications of the end. At the bot-. J m Baidwin, 34 200-2000 tom are immense fissures which ex. J }f Bulgvin. ek Se tend downward a great distance, and . J M Baldwin, 37 208 =. 20 00 a strong current of air which is eon=? B aeinee: 3 bey aetinually passing through, indi Geo H Hallett, 4 50 y passing through, indicates . Coo i Hallett, 5 Bi oe that the cave is connected by an . Geo H Hallett, 6 50 B00 opening with the eutside world. is. a om ia — @ OMcMullin, a 100 «=: 10.00 mer, f Pleasant and Profitable Employ=. p wv stoc man, m4 = = 4 ment. OL Prince, 44, 188 18 80 “Beautiful!” ““Charming!’’ ‘Oh, HD Tisdale 53 100 10.00 how lovely!’ ‘What are they . HD Tisdale, 53 700 =: 10 00 gin &c. Regs are exclamations . 8 D Tisdale, oo 100-1000 by those who see the large ele-. Gist Tilde io gunt New Chromos produced by the. Gp We a Hy 300 ed even if we could, im order to "ge: sasession ef them, = -: Repurter—Hus there been no perCOLD SPARKLING SODA WATER, aT PRESTON’S DRUG STORB. The eet of Wines and Liquor _. for Medical Purposes . Choice Colognes, Toilet Goods and Standard Perfumes. Prescriptions carefully compounded as all hours, day or night. ; soe ; be vosors: . Boston, Mass, SON & CO., 738 Washington St,, Office—311 California cisco. . 0 Street, San Fran. tv vote next Weduesday, should lose } yesterday, state that the excitement aT, De en eer day of July, 1375, so many shares of each E. M PRESTON, no time in calling apon. the County . 8. mien . and ipa few days ev-. temptation te buy when seeing th+ pot gabe pergcortt Seeley Mg tube ames Pavearst, Broad Strest. Clerk and having themselves regis-. oryehips will be going along smeoth-. Cbromos, Canvassers, Agents, and. of the Company, 311 Califoria Street, Nevada, July 31, 1875, tered. He will give them u certifi‘— ee _ ladies and geatlemen out of employ-. prog i. oe Monday wthe iste ‘eat s 72 oate of registry which will entitle) Preaching. ever offered September, 1875, at hour of o'clock, P. M., . For Sheriff, them to vote, although their mames. Rev. Mr. Green will preach at the tal pertiegans, ene’ or — Sains Gaetan, teowtben oath cain of adeee Counte: Jdo ays appear upon the printed reg-) A. M. E. Church, to-day, at the usufidential cirealar. Address ¥. GLEA-. MB TFINGTON, Secretary aed goed ‘open as a cand> ix ‘ > . . for storittof Nevada Couniy. Gebjes . te ne political party. THOMPSON O ‘ considered as absentees. No excuses re. ~ “By order, ; : ,@ J.A. RAPP, REPUBLICAN MEETINGS, YOU ARE “HEREBY caer? a