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Show Heavy Fall. The news of the unexpected sus-I sus-I pension of the Bank of California, yesterday afterncon, created some-I some-I thing ofa sensation in this city; no: 1 that any person or concern here was ' seriously affected, financially, by the. ! failure, but because everyone thought ; Uie bant was perfectly tirm. Al-i though tiie Bank of California was known to have been one of tiie great-eat great-eat speculative institutions in the country, it had as good a reputation as any bank in the west; and so far aa we know its stability has not been queat'.nind. Therefore tho suspension suspen-sion comes wit:i a crah. When such institutions fall the effect ia to shake people's coulidcuco in all monetary i conct rns. So far as wc cau learn Salt Lake 1 loses nothing by the failure. Tho ' California was the correspondent o( one or two of the city banks, but if there is any overdraft it ia iu favor of. our banks. ' The Bank of California and tho New York agency of that bank, were respectively tho San Francisco and New York correspondent) of White A McCorniok, who have recently issued is-sued drafts on both of tho above, but wu are authorized in saying that Messrs. W. it McC, immediately upon iearning of tho suspension, made arrangements to protect their dralta at their respective destinations and witheut inconvenience or annoyance i to the holders. |