The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1855-04-05
SPIRIT OF THEpRESs

ihe enquirer says that there can never he bu,
@"o great parties 10 this country-the Democratic
u hepuoiican party and the Federal. Since the
oays OF Jefferson the Federal party has assumed
'7'eh' names, as occasion required, and now
Jul under the cogsomen of Americans, OF
No'nings. The mass of the new party Il
IAN believe is honest, but not 60 with their
t,-' VINO are political demagoeues and gam
whose only object Is to subserye their own
ehos; as to political principles or policv
on'y stock In trade is to wage a war of ;n,ol
'ance ana prescription against fore;.ne,. .,d D.
man Cathoics, with the Interior view ot daf,.,;-
'"e democratic party and appropriating the n. va.
ana hshes Their politicaI quilt ia broad :.
cover everything except a National Dsno.r.,
Under 1t are being huddled together. in co,,,.o,
orotherhooi. disbanded Wings and rene.ada No..
ocrats; Toes OF Catholics and Native Americans
Union men and Sectionalists; freesoilers. aboli-
honisss, and all kinds of pro.slavery men, wbos.
prime object Is to overthrow the National Deuoc
racy. They have fallen upon the old FEEDER.
trick of claiming to be disciples of Wasbinoto,
the use OF whose pure name, however did not sav
the Hartford Convention OF Federalists, and will
not now save them
The Penny Post publishes an extract from th,
Boston Courier, showing that the Geo, B. Lorine
whose recent letter to Mr.. Wise, upon the state o
political affairs In Massachusetts,, was published ir
the Enquirer, Is postmaster at Salem, Mass. and
not Judge Loring.
In answer to the charge that j. NJ H. Beale voted
for the suppression of the slave trade In the Dis.
trict of Coumbia,i cites the names of "stephep A.
Douglas, the author of the Nebraska Bill; Daniel
5. Dickinson, the truest friend the South ever had
at the North; Henry Clay, Lewis Cass, General
Shields, Presley Pruance, and - VALE, of
Delaware who voted for the fugitive slave law: I'm.
derwood OF Kentucky, A. C Dodge and Georae w
Jones of Iowa, right hand men of the pre.en, od
m nistration," who voted for the passage of the
same BILL and states that Mr.. Thomas Richie ON
plauded them for so doing,
The wig comments upon the defence of Coone,
John D. Muntord, by the Enquirer. and savs tho,
there Is no justice in the plea of Col Muntora na
the Enquirer, that "there was no sucb i.s,o :,
slavery or no slavery before the people oftbe state
OF Calitornia-aud that because I" the an,,-s,averv
clause In the Constitution of California was inserted
by unanimous vote Of the convention. tberefora
ne should vote "aoith0m regard to its anti. slave
ry provisions. Why was there "no such issue AZ
slavery or no slavery before the people, of Coli.
torniaf Why did not Col. Munford make that sis.
sue" himself, In his own person, and by his own
vote at the polls Who hindered hm9 Uban ,ba
Southerners in California refused to raise snch on
issue" could they expect Northern Aboltionists
to do 1t for themf The thing is preposterous
FURTHER FROM CALIFoRNIA-We have. bv ves
terday's mail. New Orleans papers of Wednesday
the 28th ult, containing full details of the news
from California, received by the arrival of the Cres
cent City at that port ON the day before.
THE MONEY CRISIS
The San Francisco Times, of the 18th ult. sneak
ing of the financial affairs, says:
As heretofore announced one of the bank;no-
houses which suspended, that of Wells FARGO e
Co., has resumed business, and confidence In ;ts
integrity has become pretty well retired Etforts
have been In progress since Sunday last, by the
friends OF Page, Bacon & Co, to effect arrsnge-
ments by which that house also might be enab1ad
to resume. We understand that the S4OO ono n,
their Indebtedness to depositors, which they nro-
posed should be restored 20 enable them to 90 ON
is nearly all guaranteed and it is presumabie thu
In pursuance OF their design, they will, in a few
days, make an attempt at resumption Should the
news by the steamer now due be regarded as fas
vorable, we think 1t likely that the house will en-.
counter few obstacles in again getting under wav.
Some of the parties Interested entertain feara o tic
success of the plan suggested by them. but snch
fears we think II likely connected with a want
of confidence as to the integrity of the New York
balance to the credit of the house. the possibility
existing, as we have heard 1t expressed. that in
some manner or other the balance referred 10
might have become incurubered by the liabilities
of the ST. Louis house. But it is likely that the ar.
rival of the steamer will settle all doubts and de.
termne one way or another, the further standing OF
the institution.
Our readers were apprised by telegraph yester-
day morning OF the-certain failure of the firm OF
Page, Bacon &Co.
Adams g. Co., as many apprehended from the
first, have gone by the board, though were we TO
judge from their own exhibit of liabilities and
assets, it might be inferred that the loss to credi
tors would not be great. Still 1t should be borne
in mind that In winding up so extensive concern
by peremptory process, much loss must ensue and
this conviction has g. eatly depressed the market
value of evidences of their Indebtedness
A. s. Wright, of the miners Savings Bank, inti-
mates a desire to resume, but requires a week d
which to ascertain whether he will be able to dc
SO II failing in this, he assures depositors that
he will make exhibit of his affairs, and apply
for the appointment of Receiver
Robinson Il Co. met the creditors of that concern
yesterday at the San Francisco theatre, but the
meeting did not result in anything satisfactory to
the almost quite ruined parties who had entrust-
ed their small earnings to its keeping. We learn
that MIR. Robinson thought 1t possible that If allow
ed thirty days. he could pay 81 12 cents In the dol.
lar.
AtSacramento Read & Co. have followed in the
wake of Adams & Co., and have applied for the
benefit of the Insolvent act.
The San Francisco Prices Current, of Feb 2a, In
Its financial review, remarks
We happy to state th at since our last issue
have not heard of single failure of mercantile
house II generally believed that all will go thro
right, particularly If the bankers and receivers o
the institutions which have stopped will not press
the bills receivable too severely. They must give
the merchants some chance TO recover breath
George w. Plume, at Marysvile. suspended, al
did also Hamlet Davis, at Nevada.
In Jamestown John H. Richardson who was
doing a banking business at that place. closed his
doors and departed for parts unknown His de-
positors lose about $50 000 and Page, Bee IN & Co
about $4,000. Upon Richardson g departure his safe
was broken open BY the people, but only 500 was
found therein.
Messrs. Wells, Fargo & Co. resumed payment
on Tuesday, and so far all demands have been
promptly paid.
Adams & Co. have filed petition for insolvency
and their schedule of assets and liabilities show ]
balance the right side OF about SiOO 600; assets
sl,Sl4,2s5; liabilities Sl,636 III. Mr. Woods has
given up all bis private property, estimated al
5000O and this goes to make up the total of the
assets.
Mr.. Hunt, the Mormon representative from Sar
DN.n nor1tu hna trk~ -