The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-06-25


The propostiss received with marked satisfaction
by all present, ar was highly sppauded.
Mr. BART further STATED, that the attaching creditors
SID ne rerrsfened soms-were willing to stay proceed
Mr. CLARK asked whether the bond, in itself, was
Mr. bart stated that It would not hold the oblgors
Some other unmportant interrogatories put and
answered when
foowsHs thought toeIe about $ao0 900 of assets
which were covered with attachments; that Messrs.
Nseee and Parrott the agents of Page Bacon
Co., and that they not nor could they be con-
strued trustee uner the bond that beipg
void as seaiDst the obigors He reiterated and COM
mented svorabiy on the proposition made by Mr. Page,
urged ON the creditors the necessity and policy of ac
cepting 1t, especially as Mr. Page intended at early
Day as practicao to visit the states with the hope Of
raising means, within one ysar, that would be amply
sufheiens to psy all llabi ties
A eentlema inquired, I" What evidence havs (ths
that the property In st. Louis was not already
After further remarks he concluded BY advising
all creditors whether time certificate holders attaching
creditors Others to make concessions then in his
opinion, all would be paid
Mt. DoYIE made some remarks adverse to the propo-
Mr. Robinson then addressed the meeting He stated
that in eonversaon with Aessrs Naglee and Parrott
those gentlemen assured bm that they were perfectly
willing end wished 10 assign their trust 70 trustees
and ineemni6ed for any participation they had in the
said that he would willingly give two thousand dollars
to be entirely released from the business He called on
creOltOrs assembled 10 action the
subject OF Mr. Pages letter, and suggested that
mttee Of six be spf onted to confer with Mr.. Page
the matter He said he had just been informed that
Br O. X. Garrison, who was In the room, would give,
as an additional security for the faithful performance
Of M Pages contract bond in the OF (400 O0O)
encrmbsIed estate and that the creditors should
sPpont one sentls and he Garrison) another,
h0 sGSa Ss ;qs a order that the bond
man wac greatly sppauded, as was also Mr. Garrison.
Mr. DOYLE made some remarks in reference to Mr..
Mr Robinson said he fully persuaded In his own
mind that Mr.. Page meant what right and honora.
oe and IT was bis % opinion that the creditors would
Gates deposit on that house. Of every class would be
worth dollar for dollar'in less than month.
MIR. GARRISON stated that he had had some conversa.
ton with Mr. Page this morning, In reference to the
affairs oi their house. and he fuy persuaded that
there ample assets to meet all Liabilities now that
Mr. Page had voluntarily offered to mortease his pro.
pery In st LOUIS ana assurance of his confidence
10 the ultimate Iesnt he would himself give bond in
formsnce Of Mr. Pages contract said bond
on real estate that unncumbered part In the city
orcer that the creditors might be amply secure he pro-
posed that they should appoint gentleman and he
smother who should that the property was of the
value Of at least $400,0 GOO.
After some further remarks the report of the COM
mittee was unanimously accepted.
Mr.. SEIovR moved that the attaching creditors, and
general creditors, shall now accept the propositions
made by Messrs. Page and Garrison, which was car
ried unanimously. be then moved that committee
OF three be appointed to wait the attaching credi
tors visit per.onaly and ascertain II they would
accept the propositions-which motion was carried
and esnsistsd Of M.ssrs Smiley RoIn.on, 70 a. I'O
Clarke and Hart The meeting then adjourned till TO-
morrow at o'clock p. M 70 meet at the banking
expected all creditors will attend There two
hundred present, and all seemed satisfied with the pro-
positions.
PROPOSITION OF MR.. GARRISON TO SETTLE THE AT.
FAIRS OF PAGE, BACON AND oqNPANy.
SAN FRANCISCO; Ny 20, 1855.
Mn. EDnoR-That there may DO no misunde rstanding
the creditors Of Page, Bacon Co beg TO repeat the
bands Of Mesfs Psrrott and Nagse be- placed in the
Page Bacon Co. ard their creditors and II the sf-
tssbments be dismissed and the bond cancelled, then
w convey BY absolute deed to said trustees for the
San Francisco Of the vsus Of four hundred thousand
dollars for so much OF the iDdebtsdDess Of the house.
scns.-ons to be selected BY myself and one by the
creojtors If they cannot sgrse the two to select
Vim Sa a.nss .S s1 s1' fs q fss.
Co., for my security. O. K GARRISON.
mint statIAtacs.
from the SAP Francisco sun, June IL
II Is twenty two days since the San Francisco min
re commspced operations. and the deposits OF gold dos
s2to 600 per month Refining and coisins is gong on
1t tbe rate Of 100000 per day, exclusive Of bs TO
teen csrboys Of nitric acid sach csrboy containing ito
pounds The utmost capacity Of the mint 10 taxed to
coin .t the rate s,sac NAMED and sC Of sh: men
tfoor The process Of refining is carried ON night and
day.
rspid rate a shevs indicated, It really strsngs
that yrvate parties encouraged foot the coun
try wi sp irrespens,eis cDIreny. We cansos under
s'ard Why brokers continue to countenAncs the Wass
BeeI Co cois, for there 10 certainly another tar
10 be borne at the mint before this kisd Of gold
hsons st.ns.Td currency Is not s,sn s'sssd for