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Show GENERAL. SAX FRANCISCO. Opening or Iho Bis Stock IIourdM The l'inny Frauds Cluylou fc Co. San Francisco, 1. Official announcement an-nouncement is made tbat the San Francisco stock board will open for regular business next Tuesday at 11 a.m. The Pacific exchange will resume at the same hour. The Farmers and Merchants bank of Los Angeles, which closed on the suspension of the Bank of California, resumed to-day, and Temple and Workman's bank of that city wilt probably reopen to-morrow. It is now said that the peculations of Pinney, the defaulting clerk of the navy department, wfll amount to over a million of dollars. Paymaster Cunningham entered upon the duties of bis office to-day, vice Spaulding relieved. A court of inquiry will assemble at Mare island October 5th, to examineSpaluding'saccounts. The latter iB supposed to be involved by peculations of Pinney. Admiral Kodgers, of Mare island navy yard, states that he does not know the amount of the defalcation, but it is supposed Lo be very large. Spaulding said last night that the loss will fall on individuals and not on the department; depart-ment; that Pinney's frauds consisted in fraudulently filling up certificates for payment due on contracts which had been signed in blank by Spaulding Spauld-ing and hypothecating them to certain cer-tain parties, with notes of responsible parties attached, and that the makers and endorsers of the notes will be liable. Spaulding claims tbat he knew nothing of these transactions until the certificates were presented for payment. At an adjourned meeting, this afternoon, after-noon, of the creditors of Charles Clayton Clay-ton & Co., statements were submitted, showing the liabilities of the firm amounted to $340,078.99; assets, $350,-171.90, $350,-171.90, composed chiefly ol outstanding outstand-ing debts. A large portion of the assets being bad or doubtful, the firm made a proposition to pay creditors fifty cents on a dollar in two equal installments, payable in six months, which was accepted, and the business of the firm will be resumed. It is understood that if any surplus arises above the terms of settlement, it will be divided pro rata among the creditors, credit-ors, but this forms no part of the contract, |