Butte record., 1854-03-11
Division of Butte County-Failure to Pay Interest
On State Bonds, &c.

On State Bonds, &c.
We received call yesterday from
Mr. H. J. Bradley, of the American Val
ley, who has been at the Capitol for
some time, for the purpose of aiding the
division of Butte county. Mr. Bradley
is now on his way to the American Val
ley, having succeeded in his mission.
This measure was unanimously demand
ed by the enterprising inhabitants of the
mountain vallies, and so far as we have
been able to learn, was unobjectionable
the citizens of Butte county. The di-
vision will prove to the interest of both
counties. The mountain men will now
be able to attend to their county busi-
ness, without being at the inconvenience
Of devoting one or two weeks to effect
a journey to the county site. Butte
county is still sufficiently large for practi-
cal purposes, although it does not now
contain as great an extent Of territory
as some of the Atlantic States We
have not vet seen the bill, which Mr.. B.
has with him, but if we understood him
correctly, the dividing line, commencing
at the Yuba county line, and passes
near the Buckeye Ranch on the road to
Seven.y-Six, in straight line to the
foot of Walkers Plains, and continuing
from thence until it intersects the line of
Shasta County. Measures are now be-
ing taken for the immediate organization
of the new county-and young Plumas,
the legitimate offspring of Butte, will
soon be doing business in her own name.
The dowry which Butte confers upon
Plumas, is not as acceptable as could be
desired; but patience and perseverance
will justify all things, and it is hoped
that two or three years will enable both
counties to discharge their indebtedness,
and ego on their way rejoicing" We
shall publish the bill next week.
The Times s. Transcript, in recent
l1ng and able able article upon the sub
'jact Of the recent failure to pay the in
tsrest upon California State bonds, shows
pretty conclusively that those political
stock jobbers, Messrs. Palmer, Cooke &
Co., are not so entirely free from blame
as they would have their books satisfac-
torily prove. The decline of the stocks
n consequence of the failure to pay the
Interest, was sufficient to enable those
rho desired to engage in the speculation
20 clear some $4,000 in the course of
3 day or two. Notwithstanding these
Gentlemen may undertake to regulate
lie price of State Senators and Repre-
sentatives, they would not of course un-
dsrtake to depress the credit Of the state
that they might make successful in.
7estment in her stocks. Notwithstand-
ing the books of Palmer, Cooke & Co.,
snow that the money was shipped in time
to meet the payment, their agents in New
Eork declined their payment because
hey had not received the necessary
iunds. 1t may be the result of an un-
foctunate accident, but it looks verify
Ike an attempt to make California re-
Ind the Broderick factions electioneer-
ing expenses.
The Senatorial question came up in
The legislature on the 9Th instant accor-
eng to previous advertisement. The
Assembly postponed its consideration
until the 3rd Monday of March. The
senate on the same day, postponed the
consideration of Mr.. Crenshaw's bill,
zAich fixes the time for holding the cleo
lion of an u s. Senator, until the 18th
Il tant. The Senate afterwards refused
20 consider the Assembly's proposition
&c postpone the consideration of the sub
jest, nd reconsidering the postponement
Ct Mr.. Crenshaw's bill, made it the spe-
ria' order for Thursdav last From tb;s