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Show GENERAL. Tin: SITUATION. Shocking Condition of the Bank of California. A flairs Worse Than Had Been Anticipated. The Exfilinuce Hun It Sot Opcn-Suinc Tuper Protested Pro-tested . Not u Kose-Coloreil View. A GLOOMY PICTURE. San Francisco, 30. The San Francisco Fran-cisco commercial correspondent of the Record-Union, a well-known writor and one who has heretofore taken a pretty favorable view of all movements made by the managors of tho hank, makes tho following significant signifi-cant statement : Meantime the investigation in-vestigation by the trustees into the affairs of the collapsed bank has proceeded. pro-ceeded. Some new tacts which causo a good deal of anxiety to receive re-ceive the forthcoming report and know the worst. It can he stated that the condition of the bank's aflairs ia-far worso than had been dreamed of and that the executive committee of the board of trusteed, whose duty it ia in verify the monthly exhibit of the manager, has been systematically deceived de-ceived for some time past. These monthly exhibits have failed to detail the true state of tho accounts even. If the statements that are made in well-informed circles as to improper im-proper entries upon the books and important obligations in-incurred, in-incurred, hut not entered at all and over issues of capital stock for purposes purpo-ses of hypothecation, should ultimately ulti-mately be qualified, the fact will remain re-main that at the time of the crash the bank was rotten through and through. The whole capital $5,000,-000; $5,000,-000; the whole surplus, $1,500,000 on top of I hat, are gone, and a and balance of indebtedness remains, for which the stockholders in their individual capacity are liable to be called on. Assets to a large nominal amount are discovered upon which a small per centage only can be realized. Many are worthless. The bank has latteriy been a heavy borrower in a quiet way in this market, and half a Bcore of the wealthiest capitalists have been recently re-cently victimized in Bums counted by a quarter and half a million, and one who can least afford it has been let in even more heavily. PROMINENT BROKERS INVOLVED. A prominent banker reports that the immediate cause of the demand by the directors of the Bank of Cali- lornia lor jxtusion s resignation whs the discovery by tho directors during the investigation of a lot of bills receivable re-ceivable from irresponsible parties, aggregating in the neighborhood of a million of dollars with no collaterals. It is also reported that it was the intention in-tention of the directors to have subsequently subse-quently called Ralston into their counsels to avail themselves of his intimate knowledge of the business of the bank. Rumors are afloat thi3 morning of attachments issued against the Bank Of California, but roforoMO to tko recoids shows nothing of the kind a3 , yet. It is reported that some heavy stock brokers and others who have borrowed large suuib, in one case amounting to half a million dollars for the benefit of the Bank of California Cali-fornia securing their own bills payable pay-able with stocks of the bank are likely to become heavily involved. The stock of the bank cannot be given away at present. Collection day thus far is progressing with a mutual leeling of accommodation among business men. It is diliicult to ascertain how matters stand before evening. PAPER PROTESTED. A number of cases are reported today to-day in which commercial paper has gone to prote?t, in some instances on prominent firms, but no disposition iB shown to take any action on the protests or push the endorsers. In a majority of the cases the notes have been partially paid and renewed. RALSTOU'S DEED TO SHAJtOS THE BOARD OF SUPERVISORS. The deed of Ralston to William Sharon conveys all his property, real and personal, wherever lounu, in absolute ownership with right to dispose dis-pose of the same on such terms and prices as he deems best, and to apply the same and the proceeds thereof and of tho property hereby conveyed to such purposes and usis as said W. Sharon may in his judgment deem best for our joint and several interests. inter-ests. The board of supervisors met yesterday yes-terday with closed doors. It transpires tran-spires that a healtd discussion arose aud the policy of taking no action with regard to rcsoluii ns in memory of Ralston was adoplrd with only one dissenting vote. Thu majority of the board signified their intention of attending at-tending the funeral in their private capacity. NOT REsL'MKD. The Merchants' Exchango bank did not open this morning in accordance accord-ance with the almost positive assurance assur-ance of the secretary, given yesterday, but may possibly do so during the , day. It will depend tin the success of the negotiations now pending. The officers are apparently Ices confident: of immediate resumption than yesterday, yester-day, but say that any delay is merely ! temporary. Iho National Gold Bank and Trust company is Blill closed and is unable to say when it will resume, but say the outlook is favorable. SPECIE TKANfcFEKS. Haifa million of dollars was transferred trans-ferred by the treasury to-day to banks additional to the amounts previously reported, but it is not stated to what banks it has gone. |