The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-06-04

Were W. to sad the foregoing list few sr
Giles, such as lumber hay &C sboud swell .he az
gregat. value Of what We now produce in excess bat
clear saving Of that amount Of gold to the country
FAILURE OF MARKwALp, CAsPARI q 90.
In the Fourth district court, the extensive firm Of
Markwald, Caspsh Co, have dled petition 10 ;nsol
vercy Their bill o. petition states tas.By reason Of
the hnsncal difficulties prevailing th oughout the
State, The gIest depe lat on If property consequent
OF Page Bacon & Co and the Don aceeotance and non
payment Of their reign bills OF change purch assd of
them by the pet.oners Losses in consequence thereof
ard also the impossibity tor some tins past and at
the present time Of eectDg raes Of gooas and property
at Iemunerative prices in the Ordinary 81 cus
property to their editors We have forwarded to Fruh
ling Gorehsp of IopcoD, bills of exchange purchased
49, tbs amount Of Goo sns and to
which suppose ere held by them security for the
atove amount cue them whether the bills paid
pot is unsnowD We bavs also forwarded to Ssvokiay
Son, of London, bills exchange purchased By us OF
Page, Bacon Co., in D. csmber 1854 ia the mount OF
400 sterling, equal to s20,Oc0 which we suppose
are held BY them as security for the above amount
them.
The schedules attached to the petition make tins fol.
Liabilities mostly dpe foreign account s2s7 1as 81
Iss Of i0oumoranees on TIER property 5i41s %
The usual CT er and notice to the cred.rs wer. mai.
THE FAILURE OF PAGE. BACON q 90.
From the Alta Cauforn,a, May o.
In our article Of yesterday wherein took occasion
to amin ADVERT on the course of Page, Baco1 & Co.
through Their financial str :sgie, sposs with
served condemnation of their conduct II would ssen
30 bsve been the object of this house here
rob the people OF California fox the benefit of Page a.
wish be Understood including the rerident partners
5ere Neither nj Haisht nor Judge Chambers would
Rave knowingly been party to such conduct and tas
other is Daniel D. Pase OF this hereafter.
The house Of Page Bacon Co. has doing large
business and enjoying largely the confidence OF our
eat mi al N n
could praise the ouse enough which took the oae
two three Thousand dollars Of tho laoOriog peop,.
OF this city sno kept 1t safe Tor them without charge
at the SANS time 1t let out to and
chents for three per cent per month It doubtless
let it out Tor cny three per cent Per month people
sbt uld not now cease their praises Of them
ously for long me, mailing q large fortune on the
morey Of tSer depositors it neems that Page Bacon
could rot be satisfied without killing the han that laid
the golden esq They became embarrassed BY Their stu
IeDoous p-culatops seeing DANGER and bankru
altar off, this senior partner Of both houses Cali
ing the house at home BY strainirs tas souss here
Aocey was sent forward without stint that when the
suspensop took place. the ST Leuis houss was in
Sset,W This sam, 1t wss here positively asserted,
would be held sacred to pay the drafts drawn against
Pege Bacon couldn't touch 1t. It was bsyoad their
reach ope came and took d,ats to be
paid out OF that money II vas taken by Page Bacoa
and The we're protested The representation that
srepst OF it the house was again opened ADD SEVERAL
more heavy shipments made 1t happened that the
day before the CT each suspension came the house
here rad sent away very heavy shipments Of gold 1t
loots as though deliberate attempt had teen made TO
save the hou.e and the creditors OF the house at the
East at the expense Of the house In California and its
creditors.
1be partners resident here. we are aware wore not
parties TO AIRY ruch design the people Of California
Messrs Chambers Haight both residents in San
Frarc cisco. Here they had maze their money an
highly respected, and not reasonable TO suppose
that thy would Willingly be party to tbs designs Of
tie house on the other sice SO when Mr.. Page came
here four fse mon hs ago. though he was in
popeence With Mr. Bacon, he never let them tine
Of one Of Mr.. Bacop's letters to him They probably
knew net that Page Bacon to fall until ii was
70 the public, and they at fault only for
allowing Mr. Page to coms here and depkte their house
without hIst fine ng out what was tne condition Of the
part Mt house. at bcue
The usult Of tbis design California Is known,
alas too well The people OF this State have lost over
million OF dollars, which has gone 70 make up the
losses Of the house on tue other side. They should
how their money is gone, and who has been tho
moving in tins transaction 1t surely Ia no Cali