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admitted irregularities in banking practices to the board of directors, and was ousted as president. He walked to the North Beach to get away from the angry crowds and went to the
Neptune Bath House, where he was accustomed to swim in the ocean on summer days. He swam out as far as he could go, and did not return. When his body was recovered, it was found he had died of a stroke.
143:
In July 1869, Ralston averted a run on the bank by exchanging nearly $ 1 million worth of gold bars for an equivalent value in gold coin from the United States Sub-Treasury in San
Francisco. The transfer was carried out in the middle of the night by two of Ralston's associates, Asbury Harpending and
158:
At a time of volatile trading of Nevada mining stocks, a run on the Bank of
California occurred on Thursday, August 26, 1875. The bank failed, and Ralston was ruined. The next morning, he executed a deed of trust, turning over everything he owned to Sharon, and the deed was notarized. Ralston then
136:, and ultimately generated enormous profits as a result. However, Ralston sometimes lent money to mine owners in circumstances that would inevitably lead to default and repossession. At the height of their power, Ralston and his "Ring" (as his associates were known) were able to exert
151:
207:
left Wells Fargo & Company to assume the presidency of the Bank of
California. In 1910, the Bank of California incorporated the San Francisco National Bank, the successor to the bank founded by
185:, a prominent merchant, was elected president of the bank. Under his leadership, the Bank of California became one of the chief centers of exchange between European money markets and those of
78:
and R.S. Fretz. Ralston established the Bank of
California in 1864 when he sold shares to 22 of the state's leading businessmen for $ 100 a share. The bank opened on July 4, 1864, with
144:
Maurice Dore. When the bank opened in the morning, the sight of tray after tray of gold coin at the tellers' windows quashed any thought by depositors of mounting a run on the bank.
113:, the Bank of California Building at the northwest corner of California and Sansome streets in San Francisco was said to be "one of the handsomest structures on the coast…"
147:
Mills retired as president of the Bank of
California in October 1873 and was succeeded by Ralston, who kept Mills on the board of directors for the prestige of his name.
74:
The ancestor of the bank was the banking firm of
Garrison, Morgan, Fretz & Ralston, established in San Francisco in January 1856 by a group that included Ralston,
200:
of signs of irregularities at the Nevada Bank, enabling Flood to avert the collapse of the Nevada Bank following the speculation of its cashier in the wheat market.
166:
was established in 1876, the city's leading banks, in order of importance, were the Bank of
California, the Nevada Bank (opened in 1875 with McLane as president),
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The bank reopened on
October 2, 1875, with $ 2 million in gold coin on hand and Mills again president. When the San Francisco
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282:
1316:
1306:
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203:
Alvord was president of the Bank of
California until his death in San Francisco on December 21, 1904. In January 1905,
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234:. At the time, Union Bank of California was one of the 25 largest banks in the United States.
171:
75:
51:
66:
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1075:
1012:
691:"Union, BanCal Detail Merger / Marriage of California banks includes plans to cut 850 jobs"
8:
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influence over sections of commerce and industry in San Francisco and in Virginia City.
79:
43:
20:
406:
San Francisco Chronicle - Don't bank on California, especially when banks are involved
1194:
1081:
866:
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133:
110:
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55:
178:. During the economic slump of 1878, the bank's capital was reduced by $ 2 million.
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588:. Vol. XII. New York: James T. White & Company. 1904. p. 326.
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83:
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1217:
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The Immigrant and the University: Peder Sather and Gold Rush California
35:
988:
462:
124:
The Bank of California financed a number of mining operations of the
1050:
804:
749:
137:
424:. New York: Clarkson N. Potter, Inc. pp. 97, 172, 330 note 8.
99:
1177:
959:
226:
In 2008, it became a wholly owned subsidiary of the Japanese
223:, becoming the fourth largest commercial bank in California.
190:
186:
662:. Berkeley, UNITED STATES: University of California Press.
219:
On April 1, 1996, the bank merged with Union Bank to form
656:
Sveen, Karin; Haveland, Barbara J.; Starr, Kevin (2014).
613:
542:
530:
451:. San Francisco: H.H. Bancroft & Company. p. 79.
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86:
was on the board of directors. A branch was opened in
637:
566:
554:
518:
428:
321:
655:
383:"BANK OF CALIFORNIA and WILLIAM RALSTON - FoundSF"
737:"Mitsubishi UFJ buys full control of UnionBanCal"
1283:
54:, and considered instrumental in developing the
600:"Banc Of California | K.O. Home Loan Solutions"
359:"San Francisco Landmark #3: Bank of California"
632:The National Cyclopaedia of American Biography
586:The National Cyclopaedia of American Biography
765:
1001:Mitsubishi UFJ Trust and Banking Corporation
340:Bank of California Building (disambiguation)
269:Bank of California Building (San Francisco)
772:
758:
311:Bank of California Building (Los Angeles)
243:Former branches of the Bank of California
214:
707:
149:
115:
65:
710:"BANKING & FINANCE - Jan. 30, 1996"
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19:Not to be confused with the modern-day
1302:American companies established in 1864
1284:
643:
619:
572:
560:
548:
536:
524:
512:
463:"Bank of California Historical Marker"
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416:
255:Bank of California Building (Portland)
181:Upon the retirement of Mills in 1878,
1337:History of the San Francisco Bay Area
1327:Defunct companies based in California
753:
731:
729:
283:Bank of California Building (Seattle)
82:as president and Ralston as cashier;
1297:1996 disestablishments in California
1266:
1251:(✝) Members of Mitsubishi Kinyokai
779:
708:Archives, L. A. Times (1996-01-30).
484:
482:
297:Bank of California Tower (Portland)
237:
196:It was Alvord who, in 1887, warned
13:
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105:Built of stone quarried on nearby
14:
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1292:1864 establishments in California
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1322:Companies based in San Francisco
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1256:
1255:
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449:The Natural Wealth of California
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839:Mitsubishi Aircraft Corporation
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682:
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1342:Mitsubishi UFJ Financial Group
977:Mitsubishi UFJ Financial Group
947:Mitsubishi Electric Trane HVAC
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228:Mitsubishi UFJ Financial Group
168:J. & W. Seligman & Co.
70:The Bank of California in 1875
1:
924:Mitsubishi Research Institute
345:
332:San Francisco Bay Area portal
132:some mines when their owners
1312:Banks disestablished in 1996
890:Mitsubishi Chemical Holdings
7:
1099:Mitsubishi Heavy Industries
851:Mitsubishi Heavy Industries
831:Mitsubishi Aircraft Company
447:Cronise, Titis Fey (1868).
317:
172:Anglo-California Bank, Ltd.
120:Bank of California ad, 1870
10:
1358:
812:
61:
18:
1317:Banks established in 1864
1307:Banks based in California
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995:Mitsubishi UFJ Securities
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953:Mitsubishi Space Software
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176:Wells Fargo & Company
221:Union Bank of California
98:was the bank's longtime
94:, on September 4, 1864.
1139:BHP Mitsubishi Alliance
982:First Sentier Investors
901:Mitsubishi Gas Chemical
494:The System of the River
40:William Chapman Ralston
1240:Mitsubishi Corporation
1155:Mitsubishi Paper Mills
215:Merger with Union Bank
155:
121:
71:
38:, on July 4, 1864, by
1056:Mitsubishi UBE Cement
153:
119:
76:Cornelius K. Garrison
69:
52:Western United States
1212:Mitsubishi Logistics
1205:Shipping / Logistics
1116:Mitsubishi Materials
1076:Tokio Marine Nichido
1013:Mitsubishi UFJ NICOS
873:Fuso Truck & Bus
789:Established 1870 by
490:"4 - Ralston's Ruin"
16:Former American bank
1122:Mitsubishi Aluminum
941:Mitsubishi Electric
907:Mitsubishi Plastics
895:Mitsubishi Chemical
170:forerunners of the
46:. It was the first
1035:Exportadora de Sal
741:The New York Times
622:, p. 257-258.
551:, p. 230-231.
539:, p. 227-230.
515:, p. 207-209.
230:, and was renamed
156:
154:William C. Ralston
122:
80:Darius Ogden Mills
72:
44:Darius Ogden Mills
28:Bank of California
21:Banc of California
1332:History of Nevada
1279:
1278:
1195:Mitsubishi Estate
1082:Meiji Yasuda Life
867:Mitsubishi Motors
714:Los Angeles Times
669:978-0-520-95712-1
111:San Francisco Bay
88:Gold Hill, Nevada
56:American Old West
1349:
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1161:Mitsubishi Rayon
1044:Glass / Ceramics
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781:Mitsubishi Group
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418:Loomis, Noel M.
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387:www.foundsf.org
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232:MUFG Union Bank
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48:commercial bank
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646:, p. 286.
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575:, p. 243.
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563:, p. 239.
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198:James C. Flood
183:William Alvord
164:clearing house
96:William Sharon
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30:was opened in
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205:Homer S. King
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92:Virginia City
89:
85:
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68:
59:
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49:
45:
41:
37:
33:
32:San Francisco
29:
22:
1223:Nippon Yusen
1071:Tokio Marine
833:
740:
717:. Retrieved
713:
703:
694:
684:
673:. Retrieved
658:
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639:
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615:
604:. Retrieved
602:. 2019-04-22
594:
585:
580:
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497:. Retrieved
493:
470:. Retrieved
467:www.hmdb.org
466:
457:
448:
442:
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421:
412:
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390:. Retrieved
386:
377:
366:. Retrieved
362:
353:
225:
218:
209:Peder Sather
202:
195:
180:
161:
157:
146:
142:
138:monopolistic
123:
107:Angel Island
104:
84:Louis McLane
73:
27:
25:
1188:Real estate
934:Electronics
860:Automobiles
798:Advertising
644:Loomis 1968
620:Loomis 1968
573:Loomis 1968
561:Loomis 1968
549:Loomis 1968
537:Loomis 1968
525:Loomis 1968
513:Loomis 1968
435:Loomis 1968
422:Wells Fargo
363:noehill.com
130:repossessed
1286:Categories
1218:e5 Project
1109:Metallurgy
917:Consulting
719:2024-04-10
675:2023-05-27
634:, op. cit.
606:2024-04-10
499:2024-04-10
472:2024-04-10
392:2024-04-10
368:2024-04-10
346:References
36:California
1171:Petroleum
1092:Machinery
1064:Insurance
989:MUFG Bank
883:Chemicals
834:(defunct)
134:defaulted
1261:Category
1051:AGC Inc.
844:SpaceJet
824:Aircraft
805:MCDecaux
420:(1968).
318:See also
1271:Commons
1233:Trading
970:Finance
102:agent.
90:, near
62:History
50:in the
1132:Mining
695:SFGATE
666:
174:, and
128:, and
100:Nevada
1178:Eneos
1148:Paper
960:Nikon
807:(15%)
191:China
187:Japan
1022:Food
664:ISBN
189:and
42:and
26:The
109:in
58:.
1288::
943:✝
739:.
728:^
712:.
693:.
492:.
481:^
465:.
385:.
361:.
211:.
193:.
34:,
1242:✝
1225:✝
1214:✝
1197:✝
1180:✝
1163:✝
1157:✝
1124:✝
1118:✝
1101:✝
1084:✝
1078:✝
1053:✝
1031:✝
1009:✝
1003:✝
997:✝
991:✝
962:✝
949:✝
926:✝
909:✝
903:✝
897:✝
875:✝
869:✝
773:e
766:t
759:v
743:.
722:.
697:.
678:.
609:.
502:.
475:.
395:.
371:.
23:.
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
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