The daily crescent. [volume] ([New Orleans, La.]) 1848-1851, 1850-10-22
ARRIVAL OF THE PACIFIC.
fifteen Days Later From California.

18th, with 1872 passengers from Chagres, 81 from
Havana, and SO from NewYork, arrived here this
morning. bringing full mail from California and all
the Pacific ports, besides large quantity Of the
precious metal by the passengers.
There is little news of importance by this arrival
The San Francisco Herald says;
"The intelligence from the mines is encouraging
The bullion is being dug out in large quanuIieSS
and the regular mining operations are ie"aToeu
with success scarcely anticipated ne NAI
posa mines are being worked sclenthcaiiy, anu
with the MANIFEST results. The surface mining mas
also turned out generally profitable, although IN
some of the ravines and water-courses, where
abundance of gold was looked for nothing has been
| found Such places are however few, and there Is
every reason to believe, that for the next three
, months, a reat deal of gold will be dug out
HThe squatter excitement has altogether subsl-
ded and it is probable there will be no further dis
turbance on that question: Iheatrcais are coming
places of amusement-Robinson y Evrard's Dra-
matte Museum Rowe Is Circus, the italian Theatre,
(opened on Thursday night by Signor Rossi,) and
Dr.. Colyer's Model Artists"
Monetary Ezcitement.-We regret that our
columns to-day must contain the announcement of
| the assignment of Henry M. Naglee, one of the
Oldest of our bankers. This, in connection with
| the other stoppages and assignments which have
recently been made, caused quite panic yester-
| day, and there was general run upon all those
| having money on deposit. The first ran COM
menced on Thursday, and was confined almost en-
tlrey to the banking house of James King, of Will
liam. The drafts that banker were yerv heavy
on that day. On Friday, very little was drawn
from him, the tide having set against Messrs Bur
| goyne & Co. and Henry M. Naglee and continued
all that day On Saturday morning, at six o'clock
MIR. Naglee's doors remained closed, while the
other houses opened. He had Suspended.
! The consequence was an immediate rush to
| Burgoyne Il Co., James King, of William, and
| Wells IL Co. Depositors drew very freely from
the two former, who paid out as fast as possible,
converting all hands into paying tellers There
was not so large call on Wells & Co., though
large amount was paid out by them. 1t being the
third days probation with Mr. King, the crowd
with him was not great as might have been ex-
pected. At Burgoyne j. Co.'s there was large
crowd the whole day, resembling more the gather
ing at the Post Office on the arrival of mail
steamer than any thing else we can compare it to.
Mr.. Plume acted like man and banker who
understood his business. He posted up notice
that he would keep open to accommodate the pub
lie until six o'clock, ian hour later than usual and
| also that his bank would be open on Sunday. We
admire the spunk which dictated these offers. Mr.
Plume repeatedly requested those in the crowd not
| having checks to give way to those who had.
| We noticed a number OF about Bur-
goyne u Co.'s doors. The excitement was confined
| to no sex.
We heard number of people congratulatng MI.
King on the perfect nonchalance with which he
l met all his demands. 1t was amusing to stand by
and hear the excuses made for Withdrawing depos-
its. Some were going to Panama, and some to
| Humboldt; one man had purchased drove of
sheep, and another drove of horses. While
standing at Mr.. King S counter, d" taking notes. -
we heard one of his depositors making a long ex-
cuse for Withdrawing. Really, SIR said Mr..
King, have not time to listen to you. You
have your money-and it belongs to you. Excuses
are entirely out of place | don't ask you to let
L inlNy Sir b,,rn
not confidence in me, don't deal with me. At such
time, favors not asked for" We understand
that when MIR. Plume announced his intention to
| keep open on Sunday, to accommodate depositors
that he received the cheers of the crowd. Not
wlthstanding the excitement, the amount deposited
| with Burgoyne " Co. yesterday was quite large.
The " crisis" then has come. Only one banker
has closed. The others have met the emergency
promptly. And they will continue so to do We
will venture the remark, that Messrs Burgoyne q
Co., James King, of William, and Wells & Co.
will reap an abundant harvest from this trial. Two
or three days will suffice to allay the excitement
which will have its good effects, it has had its
inconvenience. 1t will tell who's thar Mr.
King paid over about $4,000. Burgoyne & Co.
paid much larger amount, but we did not learn
the precise total.
Such state of things is not to be coveted at
any time, but think this will place our bankers
IN most enviable position run on a banker
| here, tries him much more severely than one upon
| bank of issue at home. The latter has grace
| the former none. 1t would be impossible to get
| together all the notes of any New York or Boston
bank, and present them at the counter in one, two,
or even three days. So long as notes are in circu-
laton, the bank has the use of the funds received
| for them. But our bankers issue no notes, and de-
| postors come upon them without warning and
they must be prepared. Therefore we say. our
bankers, IN sustaining themselves, deserve all
credit Notwithstanding the temptation to loan
money, at the large rates of interest here prevailing
we could name bankers who have all along been
prepared to pay all depositors, at any moment
They had coin amply sufficient to meet any draft
which could be drawn, This is right and proper
| for, no matter how good the security may be, the
banker, if he lends out his depositors' money H1ay
! find himself, at such time the present, in en-
barrassed circumstances. Neither houses nor lands
| will meet the call Nothing short of the hard
| cash.
We are not altogether certain that the effect upon
| our own business community will be beneficial,
but much distressed at the result the recent
frequent stoppages will necessarily cause abroad.
| We think, still, however, we expressed yester-
day, that the present tight state of money matters
cannot continue, and the present embarrassment
| will soon be over That such may be the case we
most earnestly hope, for it is a most distressing
thing to see that the toll and enterprise of years
| should avail nought
We would call the attention of our readers to
| the advertisement of Burgoyne q Co. in another
column. daily Alta California of Sept s.
| The funeral pageant in honor of the late Presi-
dent took place in Sacramento city on the 9Th. J.
G. Zabrishe, Esq, delivered the eulogy on the
| occasion.
The following is an extract from letter to the
San Francisco Courier, dated " Los Angeles,
| August 49,"
Last evening young man arrived here from
New Mexico via the Colorado, at which place he
| reports the Yumahs again hostile-owing to the
two companies of Americans having built ferry
boats, and thus interfered with their monopoly of
crossing travellers. party of New Mexicans on
reaching the mouth of the Gila, were taken fifteen
miles down the river, and were crossed by the In
dians-who stripped them OF a number OF mules
as usual, by way of toll.
" The Sonorans, returning from the mines, are
continuing their depredatons upon the EDWARDS of
the Rancheros, the road to the river stealing
the best horses and mules, as was done twelve
months since.
" An incident occurred in this place a week
slnce tending to show the fool-hardiness of man,
as well illustrating, to a great extent, the state
OF society in exalted city of the Angels. A
volunteer of Gen. Morehead's Co., by the name of
VIM. karr, one of Glantin's Colorado Co., whilst
partially under the influence of ardent spirits cha-
enged DR.. Hope, State Senator to fight; the fol-
lowing being the programme. As DR.. H. rides up
to the guard room of the company, he is sauted by
karr with musket in hand and is asked to settle
the difficulty between them, once for all, on the
spot Whereupon, DR.. Hope dismounts and orders
harr to shoot karr in reply tells DR.. H. TO enter
I NRAs4