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Show GENERAL. G0XE LP. Tho Bank of California Sus-prtiiled Sus-prtiiled Payment. Hut Nobody Will Lose Any iblnu. Run Francisco, 26. The Bank of California stooped paying checks .it a quarter to three o clock this alter-noou. alter-noou. In an interview with Ralston, he says the bank has sullieienc assets ( to meet all liabilities, and no one will lose anything; but at present there is no coin with which to transact business. busi-ness. A meeting is appointed with tho representatives at 5 o'clock p.m., oUn ...nro nui-rb-.ii Lira will ha .riupn THE BANK WILL ROT RE-OPEN. 7.20 p.m. At five in the afternoon after-noon representatives of the press met in the president's oflice of the bank when tho following written statement was read: "Office of the Bank of California, August 20, 1875. Tho trustees are under the painful necessity of stating to the customers of the bank and the public that the hank is compelled to suspend business at this moment and without reports from agencies are not prepared to make a statement as to the situation of the bank, but are now examining the interests critically and will, at the earliest possible moment, mo-ment, make a definite report. By order ol the trustees. (Signed) S. Frasklin, Sec'y." President Ralston stated orally that on his own responsibility and that of the officers ot the bank no doubt they wouiu uq auie to meet an uuugHuuuo. In reply to the question when they expected to open ogain, he Baid, "Not at all;" and subsequently on a repetition of the question, said, "We do not expect to resume." Ralston further stated that about one million four hundred thousand dollars was paid out to-day. No assistance was received from other banks though application was made for it. He had telegraphed to all agencies of the hank to close; thought no banks in the interior would be affected by the failure. The excitement on California street is intense. The Btreet was blocked during the afternoon. The crowd on the whole was quiet and good natured, and much confidence was expressed in the ability of tho bank to redeem its obligations. A run was made on the National Gold Bank & Trust company, but the bank continued paying until the closing clos-ing hour, and asserted its ability to Bfiftlfi nil demands in coin or bnnrla. Other banks in the city report no unusual un-usual demands on Lheir resources. The San Francisco and Pacific Stock exchanges held no sessions this afternoon, after-noon, adjourning to call; and the former passed a resolution forbidding ifs members to do business in the interim. in-terim. The late hour at which the suspension of the Bank of California occurred, renders it difficult to calculate calcu-late the effect on other financial interests in-terests at present. OTHER BASKS ON THE RAGGED EDGE. 9 p.m. The general feeling about town to-night is rather blue. The cashier of the National Gold Bank and Trust company stated to a ggntle-the ggntle-the bank would open in the morning but might have to suspend during tho day. This bank paid out all its gold this afternoon and a good deal of silver. If it can make arrangements to-night for coin, it may be able to ride over to-morrow. A run is expected ex-pected on the San Francisco and Merchants Exchange banks to-morrow. A meeting of bank presidents is called for this evening, to concert measures for relief. The board of brokers have also called a meeting. THE GOLD BAKE AND TRUST COMPANY TEMPORARILY SU8PEND3. 1 a.m., 27. The National Gold Bank & Trust company have sent the following notice for publication in the morning papers: " In consequence of the panic and impossibility of obtaining obtain-ing coin, the National Gold Bank & Trust company will close until further notice. The bank ha $1,300,-000 $1,300,-000 over and above all itsj liabilities, and as soon as coin can bo obtained will resume business as usual. In the meantime any creditor desiring, can have good assets of the bank to the amount of hia claim. By order of the board of trustees. Henry L. Davis, president." |