New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-03-19

the .bol. United sa'e. in their e1usvsssace for sl
time, unless they buy les and produce MORE
MEETING OF TIE CREDITORS OF PAGE,
BACON & co.
Froa The AitI Cahiornta Fsb Is.
The creditors Of Messrs. P..e, Bscon ~ Co Assem-
bleo at the new banking house, corner OF Gay and
T. ttsr, TT, a. O'Clock yesterday afternoon no.
tce posted outside The binding, 70 the et-c that
10 per.ois would be admitted except holder. OF evi
oebces VI deposi'. The room ~as hilef oef"0e tue
be ur a, pLteo for the meeting AID large Gro Edcol-
l.cie1 W the street around t1e building watching the
NOV tmeLts which were going With as mach sppa-
rel concern ss those mpr- directly nter--tei.
Tb- II eeibg vss ore s5iZe6 by The choica OF Capt.
Archibald a. Richie es Chairman, and Taco. Payne,
Secretary.
Atite request Of the Chairman Col. J. b. Crock.
g I stated the object OF the meeting. which gas 70
make il po-sible some arrangement between Msssrs.
PAGE Bacon & Co. end the cree iors of tina. h0lse,
BY witch they could resume business Tue necessity
OF DO ding meeting OF this Kind on the ssbba,n
day would be- mznif.sr 10 every ore sben 1t ~ss re-
Z emb.Ieo that the steamer sailed on Moday morn
ing, sLo thai il was highly important that the nor-
mot Cd, il such AT arrangement was made, should bs
fore ed The East at RE arlIe-t ssloe moment
Col Crockett desired 20 NAB an exp Al tt touch
II the csbdiriop Of Messrs. Page Bacon & Co and
the meals hat they possessed for s>tisiying tnsr ls
bIiies He believed tbs, Page, Bacon & Co.. were
sbui dsItl, able TO pay every dollar ot their ndebt
edI .ss and that eitD liJle indulgence on the part
Of their CREDITORS the cOald IMMEDIATELY resume
burners. Every person in Ca lfOrna WAS Interested
II tie iii Of this house ana y Fss tor tns
creGroIs IL ere assembled 10 decide whether u should
re.Uue or thrUug course OF tee Gus Ilqu,d1lon.
Th- .yis wbi IA would result: from toe s:oppsys of
this house were iucaicula0le. tie believed thai
p.rtrsl state Of bankruptcy throughout the country
would en-ue. II WIS left entirely with the creditors
TO decide whst should be done Ii Page, o,con N
Co were forced INTO liquidation, many IN lntas must
.l-ls. before IN. sssefs could be maze available 10
the payment ot the cred'ors. Page, B,con Il Co.
would lit, rpose 10 obstacles 10 liquidation by legal
proc. ss bur they weuld pledge every cent, not ooly
d the ss els of the house, but the private property Of
tscb moi, iOual ueDoer toward the sa,lsisctod OF
the il d. bteCuess of the firm.
Col Crockett then proceeded 10 read state nent
Of III. sn,lr. Of Me-srs. Page Bacon & Co, pre- ns
Ing that u id purpor 10 oe accurate TO cent or
inc snd tor The hat some Of tue creditors,
10 The On oun of $40 900 or $4,000 had GOT out at
tsctu ebts and the books OF the cooeern were nov
n, cusfooy OF the Sheriff Ia It's gener 81 details,
bog.vtr he would vouch for the correctness OF the
statement
STATEMENT OF THE AFFAIRS or PACE, BACON CO.,
FEB. % lsj5.
C..h............. ss5 go At L'u.vle........ sls55
6s,b ~ 10 ~ to9oISa Hlo'
BIZ, r,c.ivno!s.;.... 5000 Nun ). Ciafs ,,o ooo
Of D Boasisy.... $50 oa aesi E.t.e......... 1000,
Total 81 III Sls
Liabl,ne' $1,000.
Due esOresp..... 1889 Due sororz office. 80 %
Due LO''' To,. Lib,ie.
Balance After Liquidation. sSdS 1863
TIE casb il. ms made up OF notes In au't, ist
Tue &c spd We believe $50 900 of than to be avail
able bid GOOD. We also believe or oils recei'>ole
Ia b. uos, good; We think $50 600 10 beanp'e mar
eiI 20 cover oil Losses THAI may occur oy then As
W. have not bad entire control " our books ADD cs-h
account tibce they Uept into the hands ~ the Re-
ctiyer vt have lot been able TO make /, entirely SC
cprare but we believe It, in The nsln correct. Toe
net uro6s OF The house the 18th inst, a. appeared
hy our hooks was 100000 In our s'atement, as
made shOs the exact bs,Dee dde by us TO depos-
ms; bur II is proper 10 remark tatt our depos &C
couLt is &c uay ab ut 500 900 more ID tn 10 there
shown a. tie over d. sfs us, steamer day, aud
Mir amounted to about that ~oteh have a. ways
heretofore been maze no prr % me ssiiing OF the
tucce. org ste bu. which, ddrilg the excitement
of II pest four dnys We we're IN ,oie 70 'iect 10,
bur which are believed 10 he available a. once We
tIoe ibe bssrco Que us from the St Louis house 20
b. eooo but will for the pr seat purpose, deduct
from our available S-sot sail Leaving large margin
in COR favor. The balance due by Us 10 our SOaOra
ord Sacramento Offices together With lat a. cts they
have hand will r,tre all their Liabilities, Of every
ctreTytioD. In ADDITION Ia the assets OF the irm,
eyery collar OF the private property OF each nembsr
IN the STAT, shall be applied toward iqu.iatng the
disabilities e the rome.
Col Crockett said he believed, from these exhibits,
tta Page, Bacon n Co were perfectly solvent. Aad
il alswtr 70 inquiries respecting the condition OF tue
/ fou-e Of Page Il B,con, Of s.; Louis, n hid besu
Instructed Toy Mr. Page TO that jids ng from roe
/ Bacon & Co is sustained here, Page & Bacon will
r,tume the ne rs reaches Neg-Yo,k.
siseo ebt Of the real estate OF ID tDlei ID Page,
of ~. Louis, was then Submitted by Mr +. w Page,
ton Of Mr.. ID ID. Psgel who had lis more immediate
maDse emeDt.
/ STATEMENT or D. d PAGE REAL ESTATE AT ST. LOUIS
AND VICINITY.
improved in the cry under $500 600
T. Moftons GeWp
Tire seres Norton. sdd.too %Ge
Properly besr Big 5000
9 I.
46o sc.,. Martin Coo11. usr ,ojoinDg the city. 300 COO
50 acres IN The OF C,fopet 5000
IL ST CLAIR COUNTY, OPPOSITE ST. LOUIS.
eco seres itopB asnts Mound 1sc.......... 10000
ic acres no~n the Cole rsei in l!n0isto 5000
Total. $40 90
Tt.,prusI revenue ,he real in 1919 e.at
amount pr,e,,y unable 10 s4te but prO),by soSut
$500 All the above property enTfey re- 10 nam
San Fyaneieo Feb IS 1855
Col Crockett went to say that, in bis dgneut,
this estimate wa far below the true value. lie hid
resided in St Louis for q NUMBER OF years previous
TO coming TO California, al he was ss well acquainted
with he property mentioned in the schedule as he
was with The property in Montg omery-st. The rents
Of The improved property we're $50 900 in le49 but
have utdonbt.dly iDcr ssed 70 SIS 900 81 this time.
Mr. Garrison stated that last year h. cold land ad
Joining the 400 acres valued 81 e. 900 per acre, st
$500 per acre; and other gentleman minated that
il vas worth 81 0C0 per acre
TIE following letter was read in reply 70 the query
why 20 large cum ss50, 900 allowed 20 remain
in New ioIs:
NV NE hep balance in New YOk, wonlt laorn
,o, h.t policy for time 70 keep ia
,bout The suoupt shpnest ahead Of eli
d,.f,, Of the loss Of vessel did not want our
e rrturnec beiher would TO Keep our eu.toers
n AZ Al