The Express.
London, England, 1855-04-05 00:00:00

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SIIIMRAL PABLIM TIM Plieg, &e.

(11110311111 00111LISPONDIINT•OF TZII DAILY MO
NEW iron. MatioW2l.
The Northern Light, which arrived at New York
the day before yesterday, brought most disastrous
news from our gold land. In emijnostion with the
Uncle Sam steamer, on the Posies side, the peessge
wee made in 20 days and 1 boor from Ban Francisco
to New York—eoasiderably the quickest ea retard.
The news of the failure of Page sad Bawls, of tit.
Louis, had mashed Ban Francisco, and produced one
of the most extraordinary financial pants of which
we have any knowledge. Alarm was spread in
every direction. A general rush was made upon all
the heavy banking and eommercial houses ; and
neargloid. all of them, after paying out *Gorman mass
of were eompslied to suspend. Pap, Baooo,
and Co., Rearm and Co., Adams and Co., Miners'
Banking Howe, and Wells, Fargo, and Co., made the
most honourable and strenuous efforts to mast the
crisis; bat they at last gave way to the irresistible
tide, and ea the 23rd of Febritaay they bad to close
their doors. Bea Francisco has never bees the scone
of so sash excitement Businessmen paralysed, and
men either became frantic with terror, or musk down
in despair. The panic spread to every gamest of the
state, sad I. some pliers the people became se am&
dosed that they broke into the vaults end esensbe
of the banking houses I have named, best esly to hod
them emmtasiasse of every isessiptiss was ono
pended t California. The sowqmpers mil
us that " is completely deed!
We have the • account of this treasendens
financial excilensat in Al. Cleffthreie of Feb.
28. It seem to be written with an unusual spirit of
finalises; and outdoor :

Messed Pasley's reason for pelibbing this revisal
aad amoodod edit's. of blo spook at do Imola Towers, to
a carious ow Soso of tha ogdaleas " appeared to obseir.
Gallop of part of " the oespasy. He has Asia sane
Rood people. sad "'kW to shook mom Hss. is lb,
Oriegal appears heat apes giving a Wag *sand= Os
what kas " &hocked tbs Wilms" of nosy, we aro
oe give Na oa epperiaany.]

TO Tea 2131T01, OF TILI DAILY ma.
Bea,—Saowleg that maim gamma Mimeo had besa
lathed to the pablie dieser at thalami's des to
aleneral Vivian by the chairman end dia=l2 Ma BM
Isdia Compeay, oa the 11th We, I did teat impost Is
have boas sailed apes to retma auks ihe the army!
sad had no antes or marmoranda proponed. as is lowa
ter these who are likely to have to en seek
esessioss, sad as I always speak i mM 111.111.
lan *sly surprised that the reporters of *be somepseme
should have beta able to make out my spook at all. But,
as It sensibly anaanassil some opinisas to the smspriay
present which opposes* to shack the Iselin. st part el
tment. I will be much ohlieed to yen to lassetthe delbariag
more sesame report of what I mid.—Yours.
C. W. PA SLIT
Lieutenant General kagiseen.
12, Nerielkirearient, Hyde-park, Yuri Sall.
Bit C. hip, in retarsieg thanks for the army, after
'Ladies M tee epleadid smear which had otteeded the
hankie MI Ahem and lekumisaa. observed that the homers
of menage Mena whisk regain so brilliant writing
to esaggerate them, sad to nosed the feelings of the
makes% wives, sad daughters of time idlest calms and
soldiers who en their yietime, and who have always horse
thus hereesiore with manly fortitude ; and so they would
have dose in the pretest war but fur the reporters of the
press. Had these hoes persons of that daft attached to the
British army during the Peninsular War. Balthus) would
probably have been at this roast • of France.
(" Hear, bean" mad w Oh, eh.") It wsaid W Mouse him as
• military man to speak otherwise than with respect of the
parliamentarytpinquiry aes pendia& or to make say comments
epos the proeaedfapa of the promisors or *opossum of this
Inquiry. whether members of any teener administration or of
the preeent ; bed he yeast take the liberty et explaining the
startling opinion be lad just adveneed. Mad special eons.
sp.:indents of all the )(minds of that day been allowed to
eisoosepsay every division of the British army in the Penis-
sale, by their graphic descriptions of the sufferings of that
army after the battle of Talavera sad sifts candids' ' after
the bimle of Buses, though bethllisse battles were gloriosa
vietar.se, they would have raised suck on outcry against our
late illustrious contrunder•in-thief as would have put •
punsters sad to his victorious weer and eompelled the
administration of that day to maks aa igmentialme peace
with Frame. Baonapara, new llama by Me name of
Nepalese the First, wo■Y EOM Ms cam kayo mks' into
• sew war with headlong fairy es be dld a/Matte Pease of
doMeas; but would have waited with pains% and for
years, if asemeary, until John Ball, imMildeed Si lazes in
time a pew, bad disbamied ties eathEW atiltlit, sad re-
dated the iesalar aarrmmyy Is serial eir sebum is. of its
heisidable war setsblls fat. Thus labs his lisle, amen
we had begone satire*, dedeaselen, he weal& without de-
claration °twat lave leadedea army et 110,000 mss on
the most neatest to the metrepolie, whisk sublime could
have realated, sad thereby having bumbled Begland, at
that dias the only sheath to his views of datums' empire,
which he singed at with es mash unlitiee and snuck greater
reemines the* the Bower Nicholas does now, he mut
havesuesseded, sad the puma goaeratios of Bogliihnien
mould now be the slaves of Frames. (Chum and mounter
sheers.) As he told 11.. Haste, w,tl wham he bad been ou
friendly tense for many years, but with moon he always
differed in speaking of the great war with the French re-
• eouralati". sad empire, emery sountry Rust maintain
ea
aroty.without which human exist, sad surely his better
to keep lip • British army than have to psy fora Bu-
sies or • French one. (Cheers, sad Mrs of "Oh ! oh ')
He therefore mogratulated the dompaay assembled that
Boolead was not • provisos of Frames, aid that British
Hoists& might still volunteer tato the army et not, as they
pleased, instead of being called eat as eenearipte to fight
legalist all coeutriee. (Hear. bear.) To Mara to the Is-
glary now 'Meg on in the Ileum se Comma , be was glad
MS' it was aa open court, befog peuenoded that in spite of
the leading Whiles and the repute of the 'pedal eerreepes-
duds and other letters from the seat of war admitted into
the colunas of thou journals, the editors sad manuen of
which have for the tut three maths been holding up Lord
liardiage, Lord Eaglet, sad Sir John Burgoyne, to popular'
odium. the rosette of this inquiry will completely ezoserste
theca and restore them to the same high estimation in the
miodi of all impartial persons, to whisk the distinguished
services of the drat of these Reheat odious la Europe and in
India, and ditto two last Is the Posiesular war, as well is
their services in the Crimea, after an isterval of forty yeah
spent in useful end important military dads*, justly 'tattle
them. (Cheers.)

The peat halms of du saes dam the ulnas of the lest
imam 15 tills him of the mama banking houses. Whoa
teas as first dam of the Wars of Pop and Basin, of 85.
Usk a MB 11111111111111.1114 at oato as Pap, Brno, sad Co.
aid & was kips" up al *at day, sad over 400,900 down
wad glibiessa Ma the book.

naee-ased, sad stairs &mortally
wen wag in as anal, till the morphia of the 42nd, whim
their hawk MSS an mean at the noel hoar, and shortly
shot howdbills were seat all over the tows, mimosas( that
Wry not monad. It seems that quite a deep en had
hew ea ell day, till their specie was reined to lees
them IN ON, dollars, sad they feared to keep spew say
{seesaw. Owls. to the feet that it was a holiday, bat little
wee dew that day •; yet it seems that over 200,000
dollars wee Massa oat daring the day from Adams sad
Co.'s. That sesalwil the stammer arrived with the sews
that Pogo, Beam, sad Co.'s drafts bad all bees paid, sad
it was thin nylons& that the exciteneat sad trouble were
Over. _ .

the suit mosning Adams sad Co. easeuessi that
they too umesespando and airily after Wells, Fee sad
Ce. Mowed this. Teemed* Wein galled lleeMplealp
did dm ems. and Ora same a general ran ea i dna
slassfesd opts. The moose, sea was soon Dread. &thee
led Church, B. Daybiseik sad Loess, Terser. sod Co.
Tallest sad Wild., sail leaders sad Ilapaham, sullsesi little
hem the pais, wed pea Si their aussimes. Palmer,
Os*, sad Ow ems esteemed sun is the kiss, bat
pal emery dile as psomensd. Tab Mess, wldsh Ms bees
mei ibis* mid duds' the pas year for perches par-
Itecte_sall leery UMW, both fair sad sidlar, tikes
pie no seam% when the hoar of trial tame it was hawd
tllaa W blase la the city, sad able to lead a
band to its mighboun.
the sun enteased,thosah meet of the mall
deputes withisswe their deposits es the day helms.
Terbium rumseis_haes boos is sorodados relative se the
sides of the Memo losses, but we ma some people of
solid's noes dela 'Ms tresegleed. Pass, Beam, sad Ow
will mane, it is INK as the MM, their creams Mole,
Giese theta as ettrambat is a iarg. mount of 'rile is..
de btedzess. Welk rare% wel ere stress armee st
as early ressmplea; sad Aisles sad Co., la ese paper of
this morales, Inks a statement is regard to their ash.,
which »preens them te be able to go ea ego* It suilleiest
lesiesey hoboes Om by their creditors.
Favourable indications, however, soon appeared to
show that however indiscreet those house may have
been in extuding themselves so much, the public,
when it came to its senses, was satisfied that much of
the ruin that had been done was the work of sheer
panic, and that very strong confidence was still felt
in roost of the houses that had gone down. At a
meeting of the creditors, for instance, of Page,
Batson, and Co., when it was proposed to them to ,1
issue ;ertilleates to their depositors, bearing interest 1
at ow per oent. a month, and payable io instalments
at the end of two, four, six, and eight months, a bond
was drawn up, and signed by the following names,
pledging the sums affixed, for the prompt payment
of the certificates which should thus be issued by the
house :
Dols. Dsh
Jobs permit
O. P. Dewey .. -. . ... WOO It. H. lane
'Makes Payee--
a. 11. Irwin "floe win is. Marrow .......-
A. A. IMAM.
Mow gully modal Oo Oi 0 listen owl Wodueont woo
Alleestl
C. Y. Garbs* ..... ato,ol 0 ands.= eel C 0......... wow
J. B. Walls
Jobs Perry. Jr 23,000 hal AID" Jr lh.i So
J. owl to. nobs— ...... SIAS, $l. ....
a. Sift
Hsesq,ami, awl Bea !Mal Walla to. Dow *PO
ereggioria sal Co. NAM ass a. awroloor_ UAW
Wis.!. Odom sad Ca. WOO SAIINAA eel Coansa
Lem liabieto, sod Co .. troall alarm mai Delo KM
Oa, 5. Kase
SSINT
ammo ear slaws. sews wipes. ft Olagiwia
mom Jsbsa. *NO Fertaillea sad Peyton.- AIN
The mass of Page, Bacon, and Co. in making
this arrangement with their creditors would, it was
thought, enable other leading houses to resume pay-
ment within a very few days. Fortunately for
Adams and Co., of New York city, they had sold out
their firm, and its interest in California, a year ego
whisk has saved them from any serious embarrass !.
seat. Most of the other hoess are still believed to
bell meets far more than sufficient to cover their
liabilities.
You will hear, almost with a feeling of incredulity,
that although this news with all its details was fully
haws he the morning before the stock board met
he the day's besieges, it seems to have had no offset
whatever upon the financial proceedings of the day ;
is the contrary, the stock market was unusually
Morint, and stocks of almost every description wait
sp. This out be easily accounted for. The banks,
bankers, and capitalists of Wall-street ware looking
for the news. It was the first steamer that had
arrived from San Francisco after the news of the
sespeasiss of Page and Bacon, of Bt. Louis, had
rushed California, and it was known that that news
would be attended with greet disaster,. Besides,
New York was in a condition to be lees affected by
each intelligence than at almost any former period.
We had been suffering under a serious monetary de-
pression for about a year, and during the autumn
and early winter mooths that depression had become
is great se seriously to interrupt the business of the
country, and interfere with nearly all the ordinary
transactions of life. But the country was sound and
healthy, and the money market of New York had
recovered from the panic, leaving the city in a vigo-
rous sooditioo. Moreover, the death of the Emperor
of limb, which has settled into a cenviction, after
a good deal et discussion, has inspired a high degree
of coaddenne in the prospect of early pesos; and
New leek has, withal, learned to be leas elated or
by the arrival or non-arrival of gold from
; and our money market shows fewer
*feria symptoms on the arrival of California news.
A met interesting legal decision has just been pro-
nonseed by the Wilde Beach of the Supreme Court of
the United States. It has established definitively
and unalterably the title of Colonel Fremont, the
celebrated explorer, to the richest portion of the gold
distrista al Wheals, blown so the " Mariposa
Trace The Assisi= mikes his, in the estimation
of poke" bankers, and merchants, the' richest
mac in Ameba. An enormous amount of gold hes,
from the beginnieg, been taken from his lands every
year; bet there are many thousands of acne of
mountains sad valleys, when the weablege are en-
Tithed by every shower, and where the quarts rocks,
in cubic Wks can work out fabulous fortunes, by the
crushing power of inaelthesey. Colossi Fremont at
an early age (aid he is sew only a little alleu hefty)
satned the seeps of aglisterss of the United Mater,
and was ordstant Nisellats Ole JUNI/ibis Frolilk-
man, who made his mature seiemsestribatuy to the
rabbet swiss. in implode, the Medi Americas
natiasat. He achieved as ondarlog Mae by his
three mansolve tours of exploration antes the sea-
tinsel, and received the prieowielld for partelikal
,dletweery,fres Berlin. The Meads or
geniis will be glad to bear that hie title to bah
astable wealth has been in* established after Irk
has posed through amany mitering* ink
ealms'
of seises, and so much poverty, all slug oad Of I

CIITIMAL PALM:M.—SHILLING DATA—April
Adiabsbas m, 1,017 ► 4$M by miss Mims
820.-140A4 1 imeo
1337.