OCR Interpretation


Chicago daily tribune. [volume] (Chicago, Ill.) 1872-1963, September 03, 1875, Image 1

Image and text provided by Library of Congress, Washington, DC

Persistent link: https://chroniclingamerica.loc.gov/lccn/sn84031492/1875-09-03/ed-1/seq-1/

What is OCR?


Thumbnail for

VOLUME 2D,
FINANCIAL. .
~~ TI-IB
lerctets’, Fanners’, & Meclianics
Savings Bank,
75 CLARK-ST., CHICAGO.
INVESTMENT CERTIFICATES.
Perfect Sccnrity-Lilieral Interest.
TAOIiC of Inrrrnso of "Investment Ccvllfl
rntr„,» secured on Improved rrnl estate, lienr-
Ind Intercut, payublc In qimrtcrly Install
ment*, nt the rnlcofTJMO per rent pernn
mim. Hliowimt the nremmilntlon of sums l»»-
Tented for Iho benefit of Children or other*!
liSfflt
100 31 433.31
IMM» 5 yearn 710.10
fIUO ....IHycnrs VTJ.?**-
000 SI
1.000 « yearn .Vl.mnJi
1.000 18 year* til
1.000 SI yours 4,j3J.tu
Estimated upon the l»«»l» that Interest, "ken duo. I»
•redlud on sarlnj* account, and Inverted In INVItoT.
WENT CHBTUfiOATKS whenever 4100 le Itmaeocuimi
**Any bolder of a Certificate has thn privilege of Mamin-
Ing tho condition of Iho trust at any Umo on oauln* at
tho nfßoo nf the Trustee.
CorUJicatoa forwarded, and Interest, when one. rein*
rostod. It desired, nr remitted tiy draft of express to any
part of Uio United States. Address
RYONKY MYKTlß.Manager.
CHICAGO MORTGAGE LOANS,
At current rales of Intercut.
JOSIAH REED,
50 Nnnnau-Bt., Now York, rojnacntcd lijr
JOKISr XT- AVER? «Sb CO.,
ir»oT.i\Ha!lc-«t..ChlrnKO. riMt-rln"" f«HlUle*
fnrilnnnclnl nncotiiulon* In l.omion.
MONEY TO LOAN
On property in Chicago and Immediate vicinliy. SI,OOO
in band. MEAD ft COE,
155 LoSallo-Bt.
HENRY S. KING- & CO.
B-A-IsrKBXIS,
LONDON, ENGLAND,
Open OUMtENT ACCOUNTS with Banker* and Mer
chants free of Commission.
INTEIIERT on Monthly Balance*.
COLLECTIONS on oil points.
Hew York Mowra. 3L 11. Paton k
Liverpool HuffiP-Memr.. Kit R, llallllo At Co. «T
E 0, WILLIAMS & 00„
BANKEES,
40 WALL-BT., NEW YORK, buy ami Bell Chicago
City. Milwaukee, ot. Paul, ami other good municipal
bonds. Investment securities coontantly on band.
Wanted—Uurliiißtoa. Cedar It. and Mluu. first.
Wanted—CUlcoff'i, Danville k Vincennes flrat.
Wanted—Northern pacific “I A-10 lirrt.
These ami other railway securities not regularly
quoted made a aiwclatty. Orders for stocks nud other
sucuritlra receive personal attention at tho Now xork
Block Exchange.
Good deposit accounts received.
INDUSTRIAL EXPOSITION.
TIE INTER-STATE
Industrial Exjosition
OF CHICAGO,
1875,
Will Opon on the Evening of Sept. 8,
And continue day and evening until Ori. 0, and will
undoubtedly prove to bo the CLEAT EVENT OF* THE
YC.VIt IN AMERICA.
The Most Brilliant anil Magnificent Display in
all Departments.
THE IMMENSE ART HALLS are f«U of Amorica'n
best Helium solectcd ond contributed by tbo ArltsU*
themselves. No B»cb collection of STRONG PAINT
INGS by STRONG ARTISTS boa over before been
presented to tbo public la tills country.
THE SCIENTIFIC DEPARTMENT, nndcr tbo
auspices of Uio Chicago Academy of Silences, linn
sever before approached In point of magnitude and
excellence on any euch occasion.
THE lIOBTIOULTUBAL AND FLORAL DEPART
MENT, Including a Continental Exhibition of Fruit#
by the leading fruit-growing States, Territories, and
Province*, is a marvel of Imauty la Fruits, flouts,and
Flowers.
THE MECHANICAL DEPARTMENT embrace* tn
guracrahlu novelties of Inventions and processes of
manufacture NEVER BEFORE SUBMITTED TO
PUBLIC VIEW, Illustrating nml attesting thu grand
triumph of MIND over MATTER.
■ A Urge and Interesting exhibition of LIVE FIBU
'from the Atlantic and Pacific idupcs, and from Ibi
central utrctmo of America, together with a full cits-
Elay of Bxlurea and apparatus showing how Cali an
red and preserved la running streams.
In other Departments, Textile Fabrics, Musical In
■trumoiile, Furniture, Household, Personal. Useful,
and OnismcoUl Goods, tbe display Is grand beyond
comparison.
Tbs Exposition will bo open from 6 a. m. until
IfcSu p. m.
TERMS OF ADMISSION:
For adolta, all day and evening 60 cents
Fur children, all day and evening 25 cunts
Fur adults ou Saturday, oil day and evening ..35 coiito
For children on Saturday, all day and evening. 13 cunts
Every day after 0 p. m., adults, 25 cents; children,
15 cents.
Excnnlona on all Railway linos. Bee Railroad
Fuelers at their stations.
TEAS.
TIE3.A.S.
Gunpowder, per lb, 80, 60.75c—Standard W>o
Young Hysun, pet IV), B», 00,16o—Standard OOu
Japan, pur ll>. 00, 60c—OurnUrd Ifio
Oolong, per tb. 40,60, COo—Standard 7no
English Breakfast, per lb, 60, flOo—Standard 750
Our Standard Teas are unaurpaared for excellency of
flavor. Bent 0. O. D. to ah parts of the United Slates.
«T. HXOKSOKT,
v 107 HoutU C'lark-st.
BUSINESS CARDS.
The Real Swei
iflish Movent Care,
Hit, SCULOESSKB, I IIENUV 0. fiI'AHKF,
, A . „ ~ 1 W the lloyal Medical Central In-
Attending riiytfdan. \ sututo In Stockholm. Operator.
P«om It. Hebtoeeeer Block, cor. Adams A Lafiallo-ets.
DENTISTRY.
TEETH.
Why pay |3O and 130 when you can net the beat full
•etofleetbat-DU. McCIIEHNKY’S for|3. The Aunt
and most fashionable resort la the city. Corner Clark
tod ltondolph-«ts.
COLLECTION AGENCY.
TyTGr.
Zf you here been unable to krop up eolleettona, and
low at aetUemout Ond (be year's proflu largely fu
overdue claims, a change would seem necessary. The
•iltaordlaary (aclUUt* which wo possess for cuuecUmj
eammt hut otter you au unequal*!*! auxiliary.
FRIBIEU B CULLHOTION AGENCY,
i. Comer Monroe and Btate-aU.
TOXLETINE.
BEAUTY
Ik as essential to a lady 1 * face as soap auda. II eomea
holwilh vesper twUa, a mother's prayers, or French
coiwcUj U not always found at the garden gate, or
swinging In the lauo; with elenaut atura, or ocaaga
biusaouis: but lUteijr cvmes with TOILETiNE.
LA DANYA, .
Wht CMcago paili ®itawe.
WATCHES, JEWELRY, &e.
WATCHES! '
JEWELRY!
We offer on assortment of
Gentlemen’s Silver Watclios,
and Ladies’ and Gentlemen’s
Gold Watches, both key and
stem-winding, which in varie
ty, stylos, quality, and prices
cannot bo excelled.
Our stock of Jewelry is very
largo, and contains the latest
and best goods in every line.
N.MATSON&CO,
State and Monroe-sta.
GROCERIES. &o,
ALLEN, KEITH & Efl„
34 & 36 HJnfloljM, cor. Watiasl-ar,
TEAS.
6.000 Ghosts New Jopans, only thirty days
from Yokohama.
1.000 Ghosts Young Hyson, Gunpowder,
Imperials, und Oolongs,
Syrups & Molasses.
4,000 bbls in store and arriving.
6,000 hogs in otoro and arriving*
TOBACCO.
10,000 pkgs Blue, Pino Cut, and Smoking.
CIGARS.
600,000, from tbo finest Imported down to
tho.ohoapost Domestic.
Tho above goods wo offer at very low
prices. JOBBERS will find it for tholr
Interest to look through our largo stock
boforo purchasing.
CIIICAOO. Kept, a.
TO RENT.
OFFICES
TO REIT
ZN THE
TIME BEHIIG,
INQUIRE OP
WILLIAM C. DOW,
BOOM 10,
TO LET.
The second and third stories of the elegant TTJndett
Bnlldlog, corner of State ami Ramtolph-sts. Rent low
tu May 1. • MEAD k ROB, IC.I LcSallo-st.
POOL SALES,
POOLS
ON THE
Bostons and Athletics
FRIDAY AND SATURDAY,
Bold at FOLEY’S, ito Olark-Bt., at U o’clock, by
UHAH. !>. DUHQIH.
DISSOLUTION NOTICES.
DISSOL UTION.
Tbe partnership heretofore existing between L, M.
Stevenson and £. O. Dougherty Is this day diasolv«l by
mutual consent. L. M. BTKVENSI*.
Chicago, HI., Sept. 1,1873. E. O. DOUGHERTY.
DISSOLUTZOW.
The partnership heretofore dialing between tbe un
dersigned, under tbo name and stylo of Armour it
Thomson, hoo this day beau dissolved by mutual con
sent. Charles Thomson la authorised to collect all tba
debts duo tbe said firm. THOMAS ARMOUR,
Chicago. Kept. 2.1873. CHARLES THOMSON.
HOTEL.
WOOD’S HOTEL,
Noa. 34 and HO East WasUlngtou-at.,
Opp. Field, Letter A Co.’s Uetnll Dry Good* Store, and
adjoining I). It. Flak'* Wholesale Millinery Store.
OFO. B.VALUER (Utoof Oily lintel). Clerk.
0. HANDS, Proprietor.
SB.OO per Day.
OCEAN NAVIGATION.
National Line of Steamships.
NBW YOUK TO QUKIiNSTOVVN AND UVKItI’OOL.
HKLVETIA, 4,M0 toua.Saturday, Mlb Auguat, at 3a. in.
KNGI.AND, 4,hW tom.,..b«tur<iay. beta. 4, *l7:SOs. at.
Alio mm., hsturosy, n«ut. 11, at 1 p. m.
TUB qUKEN,4.47itoat....balurd»y, Sept, 19. at 7 a.m.
hPAIN, 4,071 tons Haturday. Hopt. 34. at > p. m.
. JfOtt &0»l>ON VIUKCT,
ITALY, 4,140 tons .Haturdsy. tiepl. 4, si 7 s. ra.
Cabin passage; a7O sod #SU, currouey. Return lick.
sU si reduced rates. Hieerage tickets. t‘j9 currency.
Drafts fur 41 and upwards on Oros* Britain.
Apply tu i». b. Lausorr.
Northeast eoraer Clark tod Randoipb-aU. {opposite new
Mhermsn lluussJ, Chicago.
ONLY DIRECT LINE TO FRANCE.
The lieuarui Transstlanllo Company's Matt Slesutshlps
toetwaea Nsw York sod lUue. The splendid rrsseU on
tills favorite route lor the Cimtiaeut < being more souther-
Ur than auy other), will tail from Flor No. to, North Ulisr.
follows* *
• V11.1, 1t IkKI 4 *ABIB, Lscbesnsi Saturday, Sept. 4
prior oVfabsaor in 66L6 (»a«
First cabin, eiluana »IX. aemmltug U> acouutiuodaiion:
second cabin, •/* tUUrd.iw. Return Oekeu at reduced
»*tejs« btearase MS, Mltb superior accommodation*, in*
eluding sit ascesssrlM without estrs chared. aiusmexs
tustkeil thus * d<i uot uarr« eCvetan nsstonnan.
Orcmt WuHturn BtoaiiiHUt|> l.lnoT
From New York tu Ulisted (Kngland) direct.
ARRAGUN, Hyinooa .Saturday, Hept. i.
Cabin Passage, 170: Intermediate, Bweraae, tlb.
Eaoursluu IwlsU. dial. Apjiir at ueu'l Ftaishi Dsooi
Lake Shore 4k M. 0. U. U. UttO. hIaUONAJLD,AItai.
CHICAGO, FRIDAY, SEPTEMBER 3, 1875,
FINANCIAL
The Merchants’ Exchange Bank
of San Francisco Rcspmes
Business.
A Good Prospect of the Bank
of California Follow
, ■ ing Suit.
Business Generally in the Cali
fornia Metropolis Assumes
a Healthier Tone.
San Francisco Press Comments
on Ralston’s Ucath.
TJic Preparations lie Made,
as Though (.thing
Steady to Die.
His Personal Finances, and
Whatt-Will Bo Left to
His Family.
Financial Matters Elsewhere*
SAN FRANCISCO.
CUEnniMl I‘IIOSI*ECT3.
Sin Fninciacu, Col., Sept. 2.—There la reason
to believe Hint tbo Directors of the Bank of Cal*
iforuia are endeavoring to effect arrangement!!
witli the Oriental Bank, of Loudon, looking to
assistance from that quarter in tho contomplat
od resumption, bat nothing definite is known as
yet.
It is believed that tho Stock Boards will open
next week.
,AJI tho clerks of tho Bonk of California were
discharged yesterday.
Signs are that money will soon bo easier. In
addition to tho disbursements by tho United
States Treasury, tho Hint will be ready to issue
about $2,000,000 in a few days. ••
Prospects are brightening, and the feeling is
buoyant.
Tbo Merchants 4 Exchange Bank opened Us
doom at tho usual hour. The National Gold
Bank and Trust Company report an improve*
mont in the outlook for resumption, and the of*
fleers aro evidently in good spirits.
Dio report of a called mooting of tbo stock
holders of thollauk of California proves to bo
unfounded. Tbo Directors and friends of tho
bank aro still at work trying to arrange matters,
and thoro is a strong feeling among well-inform
ed financiers that arrangements will bo mado to
sccuro depositors against any loss, whether re
sumption takes placo or not.
1). O. Mills authorizes tho statement that
capitalists interested in tho Bank of California
will obtain transfers of stock from holders, re
lieving tho holders from liability and guarantee
ing them against lows, and will subscribe funds
to place tho bank in a condition to pay nil de
mands and put it on tv sound basis. Should any
surplus arise in the settlement it will bo credited
pro rata to tho stockholders. The arrangement
will go into eject in a few days.
Tbo recent autnoritativo anuaranco of tho
epcody reopening of tbo Dink of California hna
an excellent effect on tbo biialnods proapoclH.
Tbo Executive Committee of tbo Board of
Brokorn to-day appointed n buflinenH meeting of
tbo Hoard for tomorrow, to commit ou tbo re
dumption of buaiueaa. Great feeling of confi
denco prevails.
pisTQxmrrnto Tim 001.0.
Director Lindormau. of tbo United States
Mint, li&a transferred $500,000 of tbo Mint
funds to tbo credit of tbo Bnb-Treaenror, who
baa placed tbo aamo for tbe beuellt of tho banln*.
They bnvo placed a similar Amount to tbo credit
of the Government m Now York. Of Uio&bOO.OUtl
paid out to-day. tbo Anglo-Califomlan Hank
gclH (500,000, tbo Merchants’ Exchange Dank
SUOO.OOO, tho London «t Ban Eruncluco Bank, for
Bank in Portland, $50,01)0.
There la vlill oyer $1,000,000 In coin in tbo bull
ion fund of tbo Mint aubjoct tu tbo draft of tbo
Huperintondeut for tbo purebano of bullion.
Mdat of this amount will noon Ibid ita way into
tbo market through sales of bullion to tbo Mint.
Tbero was ft very active demand for money av
all tbo banks to-day, hut up to tbo hour for
cloning tbo supply wan equal to tbo demand.
Depositors were transacting tbo usual bueiuasa.
NEW TOUK ADVICF.H,
New York, Sept. 3.—The Herald this morning
ban a dispatch from Ban Francisco, which states:
“Tbo Investigating Commiltoo of tho Bank of
California are slowly reaching n bottor condition
of tillage than tho Directors had any hopes of.
Within tho laat twenty-four bourn tboy have (Un
covered a round million more of assets. Two
newspapers bore, fur political purposes, it is
charged, unite in declaring that tbo bank will
never resume, and there is nothing mom morally
certain than that tbo bank will reopen at tbo
earliest moment at which tboy can perfect tbo
new machinery—probably next wook. lam in
formed by tbe best authority that tbe bunk in
perfectly solvent, and that, on opening, they will
meet all tboir obligations abroad oa well au at
homo.’*
An order of publicatlou ban been granted in
tiie suit of Droxcb Morgan A Co. vs. Tbo Bank
of California, to recover 425,000 hi gold, on alii
davits that tho defendant id a foreign corpora
tion, whoso President 1b dead, whose Cashier
livofl in Han Francisco, and which has no oflloor
in this State on whom serrico could bo made.
Tbo aait in on circular notes.
Washington, Boot. 2,—'The Treasurer of Uio
United States will to-day transmit $200,000 in
gold from Now York to Ban Francisco, on the
implication of tbo National Gold Lank of Ban
Francisco.
RALSTON'S DEATH.
AMT£*MOHTE«t PBU'AUATION.
San JVancfaco Chronult t Aug. - J.4,
Yesterday Mr. Ralston transferred all hto prop*
erty to Senator William Bbaron for the bcnctlt
of his creditors, and Mr. Sharon, in receiving
the trust, pledged bis boner to stand by his old
friend to tbs last dollar of bis own magnificent
private for lima, About midday there waa
A MEETING OP TUB TRUSTEES,
at which there were present, besides Mr. Ralston,
George 11. Howard, D. J. Tallaut, Joint O. Earl,
D. O. Mills, William Morris, William Alvord, ami
Louis Bachs. Nicholas Liming was not present,
because not in tbo city. Ur. Ralston promised
the meeting that if tbe management was loft in
bis bauds bo would pay dollar for dollar to every,
depositor and SO cents on every dollar to every
stockholder. His life had shown that ho was not
given to idle boosting. There was exciting did*
cusslou over tbe piopoeltion, and the sentiment
expressed was that, since tbo bonk bad
failed while in charge of Mr. Ralston, and maur
remarks bad been wade to bis prejudice, such
an arrangement would not be advisable. Mr.
llnlstcm tendered bis resignation, and it was ac
cept ed. A committee, oouaistlog of George U.
Howard and William Alvord, was appointed to
examine into tbe allain of tba bank, with in*
otructioua to proacoato their labors last night
and to report to-day. It seams hardly necessary
to lay taro that tbe tragedy of the afternoon
rill defer that report for a day or two. Pend-
Inn Uio arrangement of these details Hr. Ralston
went out Into tho banking-room, and.
WHILE SF.XTEP TtIEIIK IS K PIJIXTED ATTITCPE,
with bis bead bent forward, James It. Keene,
tbo wealthy broker, entered. Ho came up to
Mr. Ralston, touched him on tte shoulder, and
said pleasantly • " When wo git tbo affairn of
the bank straightened up I am going to got to
gether a capital O'jua] to that which it baa boon
swinging, ar.d we ll start another." To this bit
of kind-hearted facctiotieness Mr. Ralston sim
ply replied : “ I eha'l never bo engaged in an
other banking enterprise." Matters dragged on
listlessly in the hank until 3 o'clock, when Mr.
Ralston loft Iho building, and wns not thereafter
seen alivo hy any of bis fricndi.
Tin: uaiuLn or the TitAoenr.
About 1 o'clock a man with duelled faco and
wild-looking eyes, and without a coat, fuelled
frantically into tho olfico of tho Coroner and in
fnrnmd tho iJonuly that William C. lUMon had
dro'.vnod liiineolf at North Beach. Tho listeners,
who numborod among thorn a reporter of tho
Chronicle, were inclined to treat tho annouoco
merit nn a matter of Idle rumor, nod those who
were acquainted with tho personal appearance of
the bauisor quefltionod him closely and with
eagerness rcepecliug tho personal appearance of '
the drowned man, expecting with a degree of
pleasure that hie description would not to accu
rate, and that it might bo aonio other unfortu
nate person nho had met his death sadly and
fearlessly. Tho man pouted and was inclined to
bo mod with ids incredulous hoarere. Vo you
think I don’t Itnorv Ualslott ?” said ho. “Why,
he'd been to my baUi-hotiali many atimo; 1
think I ought to know him.” JIo then described
tho characteristic features of the great banker,
particularizing as tho most distinguishing the
closcly-cut sandy beard.
But a moment had elapsed after tho receipt of
tho iutolligcuco beforo tho Chronicle reporter
was speeding along Montgomery avenue m tho
direction of North Boach. At Chestnut street,
where Montgomery avonuo is terminated by an
abrupt and precipitous declivity over the bay,
tho rojorter punted and looked down at tho
rootio on tho litilo curve of beach. Just at tho
edge of tho lopping water (ho last rays of tho
run shed their light upon a umoll groun of men
and ragged urchins who formed a circle about
tho extended form of a man ou tho sand.
TUP ErlOltTS AT UESUbCITATIOX.
Tljo reporter hurried down the dangerous path,
and in a fow minutes reached the circle. A tin
gle glance at tho face of the insensible man suf
ficed to reveal the well-known features of VT. C.
Balaton. Tho body was naked except for u
small strip of cloth around (ho waist, which serves
uo a bathiug-uuit. The faco was of n livid hue,
und tho body cold ami limp. There was not tbo
nligbtcnt evidence of tho presence of life, but
nuvcrthc-loßi* four or llvo men worked hard and
unceasingly in their endeavors to revivify tho
pulseless frame. Mr. Clark, tho engineer, who
recovered tho body, and a young boatman worn
chafing (lie feel aiul Jogs with potato sacks, and
Mr. Qiambonl, of Campi’s restaurant, and a
waiter at tho same place,woro rubbing tbo hands
and working tbo arms up and down, endeavoring
to inilato tl*e lungs. A young man named Oscar
Moreoll breathed into tho mouth at regular in
tervals, wbilo Dr. howmark, who had been sum
moned, expelled tho air by pressing on tho
abdomen. Tho process was continued for au
Lour, with occasional intervals, when the phy
sician would bare his bond and apply his car to
tho breast of tho piostnito man to listen tor a
heart-throb. On each occasion ho would lift his
hgad with a mournful shako expressive of his ili
success.
THE OATUEIUXO OF fIORROWIXO FBITXDS.
During those earnest endeavors tho little circle
had crown wider, and prominent pen-one and
well-known friends of the banker began to ar
rive in hacks and buggies, and the streets load
ing toward North Beach wore lined with hurry
ing people who had hoard the startling news
and wero anxious to catch a. glimpse of thn
body. Tho first hack which tailed tin tho hill
contained Capt. I.oes and Ollico; Dunlovy. Tho
Captain, who wan a bosom U loud of tho do
ceased, knoll by tho body, and was ho overcome
that tho tear* tilled his oven. Ho clasped a
hand and energetically assisted m tbo Incessant,
but, unfortunately, useless chafing. Boon
after Col. J. D. Fry, father-in-law of Mr. Ral
ston, arrived, greatly affect- d. These gentle*
men wore quickly followed by hrgo numbers of
brokors and business men. friends of tho de
ceased, who gathered around and kept a silent,
mournful watch over tbo lifeless body of tbeir
friend. Among tho numbers wore D. 0. Mills,
ox-Frceidont of tbo Bank of California ; Col.
Barnes, tho well-known lawyor; W. C. Budd,
tho broker: S. M. Wilaou, attorney for tho Bank
of California ; James It. Keene, ox-Bresidcnt of
tbo big Board; M. Cahill, broker, and' many
others.
Among tbs brat to arrive on tho ground was
Major Utts and his clerk, Mr. Cragiu. Dr. Max
well. for whom Capt, Lees bad dispatched a
messenger, soon after arrived at tho beach and
pronounced that Mr. Italstou waa dead. The
Deputy Coroner, who had arrived wall the
Morgue wagon, superintended tho removal of
tho body luto a cofhu and thence to tho wagon.
In tho gathering of information of tho abair
at tho beach tho reporters wore besot by a host
of ragged urchins who wero desirous of impart
ing all they knew of tho proceedings of tho de
ceased. They eagerly led the way along tho
shore to a pouit in tho vicinity of tho smelting
woiks, where a small shelf of hard clay roared
itself from thowasloof white sand. “Hero."
spoho up a littlo urchin, who ran hastily forward
to tbo shelf, and illustrated his explanation by
sitting upon tho tsbulf and dangling his short
legH, “Hero's whsro tbo mau'sat down before
ho wont to (ho bath-bouao, an* 1 saw him tear
up a little book and throw the pieces imo tho
water, didn’t wo Jim?"
THE TOn.V BOOS.
“Jim," who was thus appealed to, confirmed
tbo assurances of his companion, adding that it
was “a grocery book with a yellow cover." Tho
little follows then stated that “ the mou " got up
and walked around to tho rear of tbo smelting*
works to tho Neptune bath-house, maintained by
Clarence Richards. A tittle further along tho
beach, in the crevices between tho rocks, and in
tbo shadow of tho smelting-works, tho reporter
lound a number of scraps of jollow cover and a
fuw stray pieces of paper. One of tbo pieces
contained (tin following words and letters: “No.
7. My dear sister, one nu— ’’ written tu a scrawl
ing baud, which was subsequently determined
not to resemblo that of Ur. Italstou m any de
gree whatever. A few moments afterward Capt.
Dees accompanied tbs reporter to
THE NEPTUNE UATH-HODSB,
ou the beach near the Dlack Point Woolen Mills,
for tho purpose of securing Mr. Balaton's
clothes, which hod been secreted by tho bath
boueo keeper. On arriving at tho bath-house
they trcro uaherod by Mr. llichards into a email
room, which was apparently used by tho family
of tho beeper an a sitting-room. Tho ceilisg of
the room was latticed with lute# of rope, from
which suspended towels used by tbo bathers.
The walls wero bung with lithographs and small
exaggerated representations of sea life and its
manifold dangers. Tbo keeper of tho house,
who had boon the first to waft tho sorrowful tid
ings into tho city, was laboring under tho moat
itiicnau oscitenioot, and hla bared forehead and
westbcr-LeJtim cheeks wore Mamed ami glisten*
ing with beads of pcreplrstlof.
TUB DEC BASKO UANBEBfS CLOTHES.
Capt. Lees informed him Uat he had come
after Mr. Balaton's clothes. The keeper folded
his arms aud shook luß head, with his lips com
pressed. “You can't have’on, air. 1 ain't go
ing to give’em to anybody but one of Mr. Bal
aton's relatives." The Captain gently assured
him that "that was all right;"i ho was Captain
of i’olico, aud he would give h*a a receipt fer
tho dulhus and other articles, if he wished. Tho
men obstinately refused, however, to part with
thorn, insisting that they bad teen intrusted to
his c.iro ny Mr. ItaUton, and he would not part
with them to any person but snue one of Mr.
Italston's relatives. Happily. among the party
at the hoscli, at tho spot whore the banker was
lying, was Col. Pry, the father-in-law of the de
ceased. The Captain dispatched a messenger
for tbo Colonul. end in the interval the keeper
related to the reporter bis stotr of the visit of
Mr. llalstou to his placo.
tub guru's slum.
"You see, Mr. UaUton has been in tbs habit
for tbs last throe or four months of commg to
my house and bathing out then m tbs bay. lie
used to rids down there on a fro-spirited tior«e,
but didn't to-d*/,.. Ik* last (ms he was hwv
tuiton list Monday. In tho afternoon—ho tined
to always batho In the afternoon. lie need to
pay me four lute orory lime be came, and always
refused change, and I gave Inm extra towels and
extra mat for hie room. To-day bo camo In
about balf.paet 3 o’clock. Ho didn't como on bis
horse, aa I said before, and I was surprised at it,
Ho camo In tbo other way there along the beach
from Iho Kindling Works, lie went Into one of
them small rooms to undress, after Riving mo
another four-Ut piece. I wont into the room to
bnng him an extra carpet for tho floor. When I
went in ho was undressing, and his faco was cov
ered wuh sweat, having walked from tbo bank on
California street, around tho water-front, 1
said. 'Mr. Ralston, you aru sweating a groat
deal,' and bo answered, saying, 'Oh, I'll rub
myself well and lake a shower-bath before I go
In.' I then loft and bo went on undressing him
self.
VAMJAM.E rAI-RIV.
" A short wbilo after ho came to tbo door of .
this room and banded mo Ms clothes, saying i
‘Keep those for mo. Mr. Richards; there are
valuable papers in toy pockets.’ He'd never loft
iiis clothes with mo before, and 1 took good care
of them. Then 1 saw him swimming beyond
that pile out there. Ho wae a splendid swim
mer, and every time bo camo boro ho used to
swim as far out on that. For that reason, you
see, X wasn't anxious about him, and didn’t no
tice him any more, in a few miuutea afterward
a man. whoso name I have since learned is Mr.
Giambom, camo running up to the house and
said : ‘ .Mi.,ter, that man who went in a few
moments ago swimming—wo can't sco him!*
That alarmed mo, and I went out on tho beach
and looked all around tho water, hot couldn't seo
him. Homo one said that bo bod gone on down
past tbo smelling works. 1 paid to myself:
'That's bad; lie never used to do that,’ and I
harried un and got my boat out and rowed down
by the smoltiug works.
msCOVklll.’VO THE COPT.
"There were men Jookiug off (bo wharf of
(bo workH, and I saw. away down by Moiggs'
wharf, Clark. the engineer of (bo Bullion, tno
steamer belonging to the work*. Ho wun ina
email boat, ami was just drawing Mr. Ralston
out of the water into the boat. Clark was alt
alone, but after eomo trouble ho succeeded in
getting him into tho boat, lie rowed to the liltlu
cove where lie is lying now. I thought that ho
wan dead, and 1 rowed uo to Moiggo’ wharf, where I
tied my boat fast, jumped asaorc, and ran as
fast as I could to tho City-Hall. I don't know
wbal caused hie death except that ho caught a
cramp while in swimming.”
(Shortly after tho keeper hod concluded bin
Btory, tho messenger, attumded by Col. Fry, en
tered tho house. Capt. Does intinduced tho
Colonel to tho keeper as a relative. Tho keeper
thereupon expressed hia willingness to
OIVE HJM THE CLOTULB.
And Capt. Lees and tho keeper repaired to tho
upper etory of tho bouse where the latter had
cuncsatod the articles. Tho Colonel, who was
greatly affected, remained below. A reporter
asked him what ho thought of the affair. Hu
said that it wan very ead indeed ; hut that it was
unquestionably an accidental death. He added
that ho wbh awaro of the fact that Mr. Balaton
frequently visited the bath-house for tho pur
pone of taking baths. Finding that tho Captain
and the bath-houso proprietor remained abevo a
long time, tho Colonel mounted tho stairs also.
Whilo the party wore awaiting tho rcnp{K>aranco
of tho trio from above, one of the reporters ci
bltited a bottle filled with
A DABK LIQUID
which had boon given to him by soma lad out
side. Tho lad had found it in tho vicinity of tbo
bnth-Vouao. When tho bottle was uncorked
a cough-mixture tlavor of sarsaparilla was
exhaled. Tho keeper of tho batb-houeo
HUltflorjuonUy identified it os a bottle that
had been id tho yard for several days.
Tho urchin who found it was Imbued
with the idea that it was pomoa, and dutifully
communicated it to a fow of his companions,
who in their turn related it to others slightly
exaggerated, until tho town was oxcitod over vbo
announcement that Mr. Ralston hod swallowed
poison before going in swimming.
Whan tho Captain and Col. Fnr returned to
(ho room they bad tbo clothes packed In au old
valiso which they found up-stuits. The reporter
eagerly questioned tho ‘Captain aa to whether
thoro wore any
FATEHS FOCXD
disclosing any Information whatever, ami tbo
Captain stolidly replied, “Kota thing.”
"Well, what wero in the pockets, Captain?”
asked onoot them..
"There wore only a buooh of keys, t fow dol
lars, and a statement of the bank affairs, which
Col. Fry has. but there was nothing about this
affair at all,”
Tbo party then loft the house. Capt. Lees and
Col. try going over tho hill to tho residence of
tho latter at No. 1812 Jackson street. Tho re*
porters strolled along tho beach to tho emoltiog
works where the story of tho discovery of tbo
body hooting by was obtained.
tub nnsT oiout or the root.
Shortly before tho hour of 4 tho men wore at
work as usual when a one-armed mao employed
on tbo wharf, colled them oat and said. “ Hello,
there’s a dead man boating along." Tbo mou
rushed to the edge of the wharf, and. looking
over, perceived tho body of the bather boating
along, face downward, iuthodiroctiooof Melggo*
wharf. Mr. Clark, mentioned above, immediately
got out hiu boat and rescued tho body, hut, un
fortunately. too late to save his life.
THE PBAP HANKEU'h BAST COMPANIONS.
In tho course of tho afternoon the reporter
mot two intelligent young men. named respect
ively William Mathews sod Alfred Fankley, both
residing at 808 Mission street, who wore In swim
ming at tbo time Mr. Ualeton walked along tbo
beach toward tbo batb-houeo. ilo addressed
Faukiov, asking bim if tbo water was cold. Tbo
lad replied, “Not very.’’ and Ins questioner en
tered tbo bathing-house. After ho had entered
the water and was ewimraaing out ha was ac
companied by tbo lad Mathews. Tho latter see
ing that Mr. Ralston was swimming oat very far.
said, “Ob, you’re going too far for mo,"and
leturoodto the shore. Those wore tbo last
words addressed to tho great tanker. Tho lad
added that ho gazed out at tho swimmer aftor
reaching tho ohoro. Ho was still owlmmiog out,
and from timo to time tossed the water up with
his head.
AKOTIIEU STOUT BT AN CTE-WTrSEM.
Oscar Merrol, of tho Niagara House, No. 331
Hush street, told tho following last evening to
a Chronicle reporterj “I was bathing at the
foot of Harklu street, at North Hooch, at about
half-past S o'clock this afternoon, when Mr.
Ralston arrived there. Ho went into a bathing
house and divested himself of hts clothing and
then took a shower-bath. Ho ran briskly down
the beach in bis bathing-suit and plunged into
tho bay. 1 saw bim swimming toward tbo old
steamer, about 200 yards from tho shore. 110
was about half way between the smelting-works
and tho old boat when ho turnod on bis aide,
and in a few minutes afterwards bo made two
or three dives. Ho waa under tbo water
an unusual length of timo, and (ho bath
ing-house keeper rowed swiftly out to tho
place where Mr. Ralston wont down and se
cured tho body. 1 hastily put on my clothing
and called three or four men. Wo sent for
physicians and rolled Mr. Ualalou on a barrel. A
physician arrived in a half an hour afterward,
and wo tried to restore Mr. lialston to life. I
put my mouth to Mr. llalstoo's lips and breathed
in his mouth, at the same time tbo physician
pressed against bis stomach. For tho tint half
hour we thought that we were surely bringing
bim to life, but bis lips began to grow cold, ami
after an hoar and a half's work tbo physician
pronounced him dead.
TUB BOOT TAKEN UOUB.
It was decided by the Coroner ami tho friends
that tho body should bo removed to the rcsidcucu
of thu deceased, which he loft Uvlug in the worn*
lug fur the last time. Before stalling it was
thought boat that tbo friends of the deceased
should take a look at tbo body lor purposes of
idcntiilcation. The rough lid was shoved off tho
bead of tho coffin, and tho Mayor, tho gentlemen
of the bank, and others pressed forwaid
to look at the face aglow with health only a
abort hoar before. There was no mistaking the
familiar lineaments. The features wero mottled
and discolored. Tbero were slight abraetbus ou
the face and breast, ami foam was oozing from tbo
mouth. Those who saw turued away shudder
ing aud'tearful The doad-nagem moved ou,
followed by a sad cortogo. and preceded to thu
house by sevotal gentlemen, wuoso mournful
otlicu it was to inform Mrs. Balaton—who it was
expected would bo found tboro—of tbo tcrriblu
bereavement which bad befallen her. It has at*
ready been stated (bat she hsd left tho placo,
and the unpleasant duty foil upon relatives,
who conveyed tho Information to bur at tho
house of Col. J. I), Fry, where she aud her chil
dren wero utayiug. Hho was perfectly paralyzed
with grief at (he appalling calamity. Tho parly,
who preceded the body by * few moments, wero
mot at tbo door by a colored servant, who ex
pressed some signs of astonishment at tho un
uxpoofed visit, when told that Mr. lUUloo was
dead and his remains would soon bo
there, be was so perplexed as to only be
kbit (9 lUautt out, jMYUti Mr. Bslitoa?
William Ralston ? William C. Ralston ?” Whon
further assured of the fact, ho struck his fore
head wildly wuh his hand, and said, pathetically,
•* My God! how can (bat bo possible ?” Tlkk
dead-wagon canjo a few moments afterwards, arifU
lljo body of tho Uto owner of tho lordlv mat;*'
oion waa borne reverently in, and tho ru'rto b-c ♦
inclosing it waa placed on n costly carved la'
m one ol the elegant rooms of th« lirrlnl ' *
Then there followed such a scene of grief as h.
only possible when strong men loco their self* I
control and give way to overpowering emotion.
There were present there, having follow-ed the
body from the beach, or having hoen brought by |
the dire intelligence a little later, llobort F. jinr
row. Col. J. I). Fry. Col. JJarnes, 11. T. Wakck-e,
A. A. Cohen. Jennings S. Cox. Mayor Otis, I
Charles N. Felton. Honalor Sharon, George Uar
stow, Hcnrv F, Willard, Mr. Urown, late cashier,
and H, Franklin, Secretary of tho bank
of California, and Capu Lees. Mr.
Sharon laid his head on the mantel
piece and wept lilto a child. Mr. brown
cowered in one corner oTerwheltnrd with grief.
Tho tender sorrow exhibited hy Capt. Loos’ wan
one of the most teaching features of tho occa
sion. lie had been a trtio and tried friend of
Mr. Ilalston. and the fooling had been warmly
reciprocated. liis expressions of indignot.ou at
those who had brought about tho fatal event
that had thrown the city into lamentation were
heartfelt and impressive. ‘‘Just to thinl:," said
he, "that this man. who made overv man whom
ho touched a millionaire, walked out of the
house thin morning homeless and penniless.”
Mr. Franklin, his gray-headed associate fur
many years, sat upon the steps In tho corridor
looking utterly destitute and woebegone, barely,
if over, has a more sorrowful assemblage of
grief-stricken mourners gathered about tho body
of ono whom they lud loved and honored in life.
Jt seemed as if no ray of sunshine could over
stream In on their lives again. Tho Coroner
f»iD« in due time, bringing with him a still
chiller atmosphere of death. With formal
ity, which acemcd a mockcrv in such
a time and place, he impaneled a Jury.
Then tho oath was administered over tho body
and several took their departure, with the inti
mation that they would no wanted to-day at 1
o’clock. Next came the undertaker's moo, use
| fill iu their way, hut their way is not ono of
tenderness amf affection. but ’simply of busi
ness. A splendid casket follo.'-o I a few moments
after. Thu remains were washed, dressed, and
placed In this more appropriate rtcoptado. an !
the unsightly coflm which had first inclosed
(hem was carried away out ol sight. In the
meantime must of those whom the fust shock
had brought to the house had gone thr.ir no vend
ways, leaving in tho house of death only a few
solitary mourners, among whom wore Col.
barnoe, Cant. Lena. Mr. brown. Mr. Fianklin,
and a solitary reporter. Tho twilight came on
cold and cheerless, adding tho gloom without to
that brooding within. A silent crowd of sympa
thetic people had long l>een gathered on
the street, staring at tho closed windows
from the sidewalks and adjacent corners,
who regarded the house ns if it wore a mau
soleum containing some relative of their oun.
The tasteful house on which Mr. Ilalston had
eacrillced his thought and hia wealth could not
cron be used for ms funeral. It had ceased to
bo bis homo, and ho could not bo buried from a
place that had been his, and was his no longer.
When everything was ready tho remains were
removed to the house of Col. J. D. Fry, where
they were received by Mrs. Ilalston. whose un
speakable grief was oacrod from the intrusion
even of intimate friends.
It is said that at tbo meeting of tbo Trustees
mentioned R. 0. Mills demanded Mr. Ralston's
resignation, and received it from him. the writ
ing of tbo paper being the last act of bis life.
llis life was insured for fcGj.OdO, ah paid up
policies in tbo following companies : Equitable
of Now York, Charter Oak of Connecticut, Now
York Life of Now York, Mutual of New York.
Widows’and’Orphans*. Now York. Connecticut
Mutual, Newark Mutual Life, and I'acific Mutual
of California.
In IbOD Mr. Ralston bought o piocoof property
jointly with A. A. Cohen. Yesterday morning
be made a deed (or it in Cohou'a favor.
OIiITDAf.T.
Mr. Ralston was emphatically a self-made
man. Mo was boro m tho Stale of Illinois
about the year 18i0, His father was a carpen
ter. and brought up bis son to it so far as to
make him an export with tbo tools of tbo trade.
He did nut follow it, but when quite a youth ob
tained bis release from parental control and be
came fi clerk on a steamboat plying between
St. Loais and Now Orleans. Uo was thou noted
for bis remarkable energy and executive ability,
and ranidly rose to all the distinction bis calling
afforded. During a passage down tbo Misnisstp
pi bo attracted tbo attention of Cornelius K.
Garrison, of how York, who encouraged him to
quit his employment a* rivor-clork and join him
in Panama, where Mr. Garrison needed uu agent
to assist him iu tbo sharp competition then go
ing ou between himself and the Nicaragua
Transit Company. In this busmens bo ho con
ducted himself as to win tbo entire contldonco
of Ids exacting and distrustful employer, ami,
Anally, under Mr. Garrison's auspices,
CAMK TO CALI roust A
In the steamer Undo Sam about tho year 1854.
After the steamship controversy of that year
was ended, he embarked in tho bullion and ex
change business in this city with (iameou and a
Mr. Frotz, under the Unu name ot Garrison,
Fretz it Ralston. To this business Ralston and
Frotz afterward succeeded, and. about the com
mencement of tho civil war. Ralston and Frotz
united their fortunes with Joseph A. Donohue
and Eugene Kelly, to do u general hanking and
exchange business, under the name of Dunubae,
Ralston A Co. iu Han Francisco, and Eugene
Kelly A Co. In Now York, Tho lirm
waa remarkably successful. It bocamo tlm
leader iu the banking ami bullion husiiioes of
tho State, and hut for its wise and
courageous aid the vast ore bodies of Nevada
might to this d»y have slumbered unnoticed
ami unknown. The rapid rise iu tho pneu of
gold which followed tho commencement of the
civil war, and tho then comparatively slow and
infrequent steam communication between Ban
Francisco aud Now York, gave these bankers
aud exchange-dealers a veritable Midas' touch.
Every transaction waa a protll, ami profits
multiplied so rapidly that the Now York pnrtuur,
Mr. Kell}*, conceived a design of establishing a
groat banking-bouso iu New York upon tho gains
of the Ban Francisco bouse. To this Mr.
lUlstou was unalterably opposed, insisting that
as tho mono? of tho firm wn« made hem, tho
people of this State should havo tho usu of it.
The discussion ended in the withdrawn! of
Messrs. Douohoo and Kelly from tho hnu t leav
ing Mr. Ralston in pussusidon of a moguuiuunt
clientele, which ho transferred to
run uask or CAuronsu.
an institution which was emphatically bis crea
tion, aud whose long lifoof honor and usefulness
wilt never cease to ho gratefully romouihcred by
nvory honest-minded man. Cerium it Is, that
Us wealth was always at tho command of tho
people, and was a mure oihc.out aid to struggling
enterprise m this State than ail tho other banks
put together. Mines, manufactures, art—what
ever thu State has had of development and cul
ture—havo owed, and still owe. heavy obliga
tions to tho Rank of California. That its man
agement has not been without grave faults will
nut bo protended by its wannest friends, but,
weighed in tbo balance, tho good has by far
transcended the evil. Mr. Ralstou's misfortunes
and the suspension of the bank aro public calam
ities, The sudden aud paiuful end of his lifo is
felt as a personal affliction, not only by his large
circle of Immediate friends, but by tbo people of
the city, iits memory will be long and tenderly
cherished.
an, ruLSTon'a zmsnrcßs iktebksts.
The deceased banker waa iu ovorv bonao of
tho term a representative man of tlio Tactile
Coast, and perhaps no bettor encomium on bin
enterprise and industry could be given than a
Jtatof many of the enturprUos in which ho en
gaged. liowasoneof (ho projectors and Di
rectors of the dry-dock at Hunter's Point, whoso
wonderful docking facilities and ponderous
machinery were a seven-days’ wonder for tho
lubahitanta of this city, lie was largely inter
ested in the Mission Woolen Mills, ouo of tho
largest aud moat important btuiuoss enlcrprixoa
on the coast, lie was also interested m the
Bay Sugar Bofioery, doing business in a suveu
storv building ; iu the silk maimfactory, a new
venture with a glowing prospect; tu tho
West Coast Furniture Company, which is
making the Palace Hotel furniture; iu the
Kimball Carnage Manufactory * * u fho
nell Watch Factory, occapiug the Immense
hoildtug ou tho corner of Fourth and Harmon
streets ; m tho California Theatre, tho leading
Thespian torn pie ou tho coast; also in thotiraud
and Talaco Hotels, tho largest hotels on the
coast, aud tho latter tho largest in tha world.
Ho waa interr ed m ihe opening and coioplo
tiou of Now Montgomery snoot. He was tho
original projector of the scheme for tbeirriga
tiou of tho Han Joaquin Vailuy, also for tho ro
olaiuiatiuu ami dyking of tulo lauds on Sherman
Islaud iu the Sacramento Itivcr. Ho was tho
projector of the now town of liurliogamo, near
lUveueifOod. Uw rosldtmw at Belmont, whkh
NUMBER 10.'*
.5 :«ly fiI.OQO.OOu. «m bniit for tho purposo
f influential visitors to tho Pwlflo
•' 110 was a Urge owner in the California
;• ,n Navigation Company, hot defunct, ire
•*7* -od two-rlfths of tho Virginia A Tinckoo
£!road, and wm also largely interested in tbo
-ilon Mill and Mining Company, whoso opera
on* in tho Interest of mluoa u&yo beau uo«
jondous.
ors THE BTUSET.
Tbo death of Mr. Itataton was Id all case# re
ferred to an a public calamity, and tho dead-roan
received tributes from hia enemies which, living
in (he whirl of bnsioess Jealousy nod rivalry, he
would never have heard.
‘•Hu wan a man,’’said ono of tho throng,
“ win) always stood by the blato and tbo poor
man. U« was a capitalist who spent hia money
d';i*elcping tho resources of hia adopted homo.
No man in California could be less spared than
>»iiliam c, Haiston. Ho was identified with tho
mtere«ta ol the blato. The money which ho
made ho spent iu giving work to tboraoohanio
end tho artisan, and there is scarcely a single
groat cnton rlMo which has increaaed the value
of haoiraneuwo property iu which William C.
Uaislou waa not interested, if ho was not tho
originator.
, vi.eon ?.• o'r.iuKJi.
14 \cb, 1 oselatroed another, “ and who ai'o tbo
men who liavy nuued bun ?"
•• Xhi.-y are men.’ was the answer, * 4 who will
yet ho forced to return to their gin-mill. Thor
ere men who, fur a little petty spite aod Jeal
ousy against Italatou, have been willing to em
barrass a whole community. They havo locked
up ail tbo coin in this Wtato. ami they have ac
complished their purpose iu ruining tbo Bank
of California, which wub tho mainstay ot tho
titatc. TJjo people have shown good seneo
enough not to rpl frightened, and tho other
hanks are safe. Hut Flood A (J’Hrion could not
foresee this. They deliberately went tu work to
min an Institution which might have carried
with It in us wreck banka, merchants, and tbo
whole city. It is no fault of theirs that Kau
Francisco in not bankrupt to-day."
“Hut, "tbo reporter ventured to say, “Flood
A O’Hriou deny that they have had anything to
do with this failure. They say that tho lank is
owintf thorn ■fc2O().ouV
“Bosh," was the intermediate answer. “What
is 000 to tho stake which they havo played
for and won? Flood & O'Brien havo precipitated
this calamity in fiau Francisco, and every ucuai-
U« inf.n knows }t. They have got what they
wauled from the Bank of California, or they will
get it. ami In doing ho they have run tho risk of
plunging the oatlro city into financial nun."
iSau Francisco Alla, A ll 7. us.
A B\l> UtMINIBCCSCVI.
Thursday evening about I); JO o’clock, Mr. Ral
ston assembled nil ;|io dorks and oltachos of the
bank, mid said : " JJoyn, i have boon Jiouudcd to
mv death, but tbo many utorics you boar of mo
are not true. I n;n sorry for you all, and shall
always to a friend to uuo and all of you. Good*
by.”
nr.ronc me tatjo. ruin.
Fr«in;i»t;» Avo. ÜB.
After the meeting with the Directors and tba
iulenimv with tbo reporters on Thursday after
coon. Mr. Ralston. wUtu all outside parties bad
loft tbo bank, called the clerks around him and
made tbcm a little speech. He complimented
them upon tbeir industry and devotion, (old
them tbit lie recognized tuo (ict that each iu
bis place bad labored for tbo interests of the
bank, as be bad, ana assured them that, though
the tiroo bad come when they must separate,
ho would still maintain a watch over tbeir inter
ests, and would, to the best of bis ability, assist
each and every one of them to obtain a new
situation where bo could earn
Further'than tills, ho said, ho desired a word
of explanation, ifo did not wont thorn to go
away with o misunderstanding, or to attribute
the misfortunes which bad overtaken him to &
cause with which they had nothing to do. Iu
view of tbo' persistent attacks which had been
made upon him day after day through tbo
columns of two newspapers, bo thought it waa
duo to himself and due to luom that no should
state—and to tbo truth of which ho would
pledge his sacred word of boner—that
bo hod not interfered or taken any part iu
politics, with ouo exception—ho bod in
duced a certain gentleman, then present,
Capt. Lees to forego a political nomination
when it was within his grasp, lie had stood la
eilouco tbo charges against him that had been
reiterated day after day. but ho told them this
lest they should go away with auy cuaundsc
etaiidlng.
4JTEH T-EAVTWQ THE DAUK
Mr, Ralston went to his rooms ou Commercial
street, aud spent some hours in ousweriog tbo
telegrams that kept pouring m upon turn from
all quartern of tlio Sts to, end iu conversing with
a few of his friends upon lus future coarse. Ho
did not disguise the fact that his career M a
banker was at mi end; but to all appearances
looked forward bravely and hopefully to
tho future. Ho repeatedly declared bis
ability to commeuco at tho beginning ami
work again, and repeatedly assured Ins irionda
that ho could livo ou §IOO a mouth until Uo
could got a start. 11 o assured thorn that tho
bank would pay its depositors dollar for dollar*
and loavo its stockholders a handsome dividend,
If Uo was permitted to wind up its business.
About 2 o'clock ho went homo, Capt, .Lees ac
compauyiog him iu tho carriage to tho door. Uo
seemed cheerful and happy, reiterating his de
termination of settling up tho affairs of tho
bank so that uo depositor should lose a coat, and
every stockholder should bo provided fur,
and of himself striking oat to sarn a now for
tune, predicting that iu urn years' time ho would
bo worth more than over before. Yesterday
mortuug ho come to tho bank about half-past U,
and passed tho whole morning thorn. At 1
o'clock there was a mooting of Directors, and
after they had assembled Mr. Ralston remained
in tho outside room with Col. W. U. L. Romes,
his attorney. After a while ouo of tho Directors
came out aud mado a request for Ida resignation
as President of tho bank. Without moving a
musclo of lua face, Mr. Ralston signed the resig
nation and handed it to tho Director. Rising
from his desk bo approached Col. Rames
and} entered iuto conversation with him,
the latter repeating to lam the proverb
that nothing is so bad but it may Do
mended, lie appeared undisturbed and pos
sessed, aud again repeating what ho had said
yesterday about hie ability to commence again
aud live ou SIOO a month. Taking his hat ho
slipped In among tho dorks so quiotiy that no
cub noticed ho was going oat aud passed into
tiaoßoroo struct by tho sidu outnuice. Re went
up Saosome street to Clay, meeting ou tho way
Christopher Reis and exchanging a few words'
with him, and then walking up Clay to Kearney,
ho took the steam railroad, and after reaching
tho summit of the hill, walked at a brink rate to
tho bath-house, whore ho was accustomed
to prepare for Lutlmig. Ho must have walked
briskly, trou tho fact that bis underclothing
when found were wot with perspiration, aud that
throe of the hue handkerchiefs found la hla
pockets were also wot.
Ralston’s masces.
That Mr. llalsum Ims lung boon struggling
with pecuniary difficulties id now evident. AU
tho vast property which ho once possessed baa
been tola piecemeal, ami turned Into tho maol
fltrora which beset him. it id Bald that, with tho
exception of hfe-msuranco policies amounting to
dome $115,000 iu tho Mutual, Charter Oak, and
Equitable Companies, ho Jeavca bia family ab
solutely penniless. Tho magnificent mansion
which he had recently built waa turned over to
the bank tliid morning, Ida wife leaving it for
tho residence of her father—Coi. Fry. In tho
miiidt of his dulloultios Mr. Balaton baa boon
morbidly sunaiuvo to the newapaper attacks to
which ho hod recently been aubjeotod, although
tu tho outside world he boro them with tho
ntoicism of un Indian warrior at tho stake. Ula
friends know now deeply their injustice wound
ed hmi.
lULSTOK AWD KIU»~A!« AXALOQT.
A’tw i’vrk Umuhie.
There is a remarkable analogy in the death of
Mr. Balaton, of the Bank of California, and that
of Mr. Etholbert B, Mills, of Brooklyn. Both
of them were officials iu financial institutions
which hold tho UJunest place iu tho public cam
matiun aud confidence, Both of them tumbled
into ruin, and dragged down tho institutions
with which they wero connected. Both of them
perished by drowning shortly alter the exposure
of their luiufortuuoa. Aud. to complete tho
chain of coincidences, it will cover be known
whether either or both of (bom committed sui
cide, or whether their deaths wore accidental.
At first everybody regarded Mr. Mill’s death, iu
the Coney Islaud surf, as a clear case of
/do da st, but bis mends have alwaya aooatod
the idea. They say ho was a man who never
nursed his troubles, aud that his circumstances
wore by no means desperate j aud tho lady who
last saw him prior to his going down to tbs
beach declares (hat he waa iu excellent spirits.
80, 100, in regard to Mr. Balaton. At first there
was a story of a vial of poison and a deliberate
double-dooming of himself to death by the un
foitunata gentleman. Now, however, the vial
bu entualy disappeared Um the of mm

xml | txt