, 1854-10-28
News by Stuart's Express
AHEAD OF THE MAIL !

indefatigable STUART, who arrived here on
Wednesday evening, for full files of Cali
fOrnia papers, and papers from the Allan
tic cites-the former up to October 18th,
and of the latter to September goth. 1t
will be borne in mind that SrUART's Express
now connects not only with Adams Il Co.,
and that direct business communication has
been established from Portland to Olympia,
&c, but that an Express will be placed on
the steamer Major Tompkins, on its regu-
lar arrival here, direct for Victoria, V. L.,
and intermediate ports along the Sound
and Straits.
To the San Francisco Herald, Alta Cali
fornia, ". Y Herald and Tribune, we are
mainly indebted for the following items Of
news:
Those engaged in the numbering interest
on the Sound will be rejoiced to learn that
there is now every reason to anticipate a
revival in one of our great reSources-
Piles, in particular, it is confidently be-
lieved, will enjoy q steady demand in San
Francisco ere long.
Gov. STEVENS arrived at San Francisco
on the Golden Age, on the 18th, but indis-
position in his family, (Which accompanies
him out), will necessarily prolong his stay
in that city until the arrival Of our next
mail steamer.
A gradual revival in all departments of
business in the California cities is about to
supercede the late depression.
WM. WALKER, Of Lower California Fill
clustering memory, was placed upon his tri-
al before the U. S. District Court, Judge
Ogien presiding-C. Benham for the de-
fence-on the 18th inst.
Great excitement was produced in San
Francisco, recently, by the forgery, swim
die, and disqualification Of II. Meiggs, Of
that city, who had been heavy lumber
dealer and general speculator. 1t was at
first anticipated that he had taken his de-
parture with something like from $3.50, 900
to $500, 900, but the Ala California seems
to think that $40, 900 would cover the en-
tire loss to the money market, although his
liabilities were very heavy in that city
That paper says
"The pecuniary amount of injury caused
by the forgeries Of H. Meiggs, to the com
munity, is precisely the sum of money actu-
ally taken away by him, and no more.
That he has left enormously in debt, and
that many individuals are left greatly the
poorer by him, is unquestionable; but, it is
equally true, that the money he owes must
remain in the community, except so much
as he actually conveyed away with him.
San Francisco is not $500, 900 the poorer
because Of Meiggs owing that amount. If
he borrowed Of A. b. @, and d, in the in
evitable courses Of trade he would disburse
it to the rest of the letters Of the alphabet.
He made Improbable speculations and
paid out immense sums, which were lost to
him and his present creditors, but those
sums Of necessity were paid to somebody,
and remain in the community, except 30
much as he took with him.
How far his speculations, forgeries and
fight ought, therefore, to affect the money
market, actually depends not on the amount
Of his debts nor his forgeries, but of the
moneys abstracted by him from the State.
These sums have been variously estima-
ted at from $3.50, 900 to 100000. A lit
tie reflection and inquiry will probably in
duce the opinion that q twentieth part Of
that amount would be nearer the actual
fact.
How much he paid for hush money, and
to whom he paid it, yet remains secret,
But, after all the above, deductions and al
lowances are made from $50, 900 or $780,
900, there would be not more than SIS 900
to $4,000 remaining for him to carry
away. In his letter to Godefroy, Sillem
& Co., he placed it at $40, 900, and there
are strong probabilities that it did not far
exceed that sum.
Put it at $50, 900, the amount is nothing
to create the most minute money pressure
in the market.
The pressure arises not from want Of
money, but want Of confidence. Every
man is suspicious. People imagine that
these matters are sufficient to create a
panic, and that mere imagination creates
the panic. This community probably owes
less amongst each other and to each other
than any community in the business world"
Among the passengers by the Golden
NAgs is Lieut.. w. Michler, U. s. A., and
party, who are about to engage on the
boundary survey between the United States
and Mexico, under the Gadsden Treaty,
Sir Henry Huntley, Manager of the An
glO California Gold Mining Company, E.
P. Christy, and his celebrated band Of
Minstrels have also arrived.
The large and splendid steamship Yam
kee Blade, Capt. Randall, late of the Van