Demoine courier., 1855-03-29
YWg HEM@EMg g@.BREER-
LATEST FROM CALIFORNIA.
New YoRK. March |

We" oRhe AtAo'S ~
The NorthernsLight is coming up
She announces the failure of Page, Bacon
e. Co., Adams e. Co., Wells, Fargo &
Co. No Senator had been elected, nor
is there any prospect.
The Northern Light arrived off Sandy
Hook last evening, and reached her dock
a little after 10 o'clock this morning.
Our San Francisco dates are TO 26lh,
and were brought down by the Uncle
Sam. She brings 262 passengers and
S92 600 in gold. Business was entirely
PROSTATE, which was caused by the sus
pension Of five Of the Banking Houses.
News of The Page e. Bacon difficulty
reached San Francisco on the 9Th, caus.
ing a great run on the house. which was
met. They paid half a mlllionof dol.
lars. A meeting of the merchants and
bankers declared the house sound. which
restored confidence, and affairs seemed
to wear q better aspect.
On the 22d. however, Page, Bacon &
Co., suspended, and we're followed by
Adams g. Co., Wells, Fargo s. Co., Rob
.inson e. Co., and Weight, the Miners
Depository. The excitement was in
tense.
The Legislature adjourned sine die, on
the 10th, by a vote of GO to- al; those
voting in the minority were principally
the friends of Mr.. Gwyn.
Adams & Coz have closed all their
offices without paying dollar, except in
San Francisco, where, on the 22d, they
stood a run of. 100000 Wells Fargo
d. Co. closed here, but their country
branches paid as long as the coin could
be Obtained in exchange for dus! and
bars. The house announced that they
would resume payment in San Francisco
on the 26th. 1t was feared that Adams
d Co., could not resume in sixty days.
if at all.
9 Page, Bacon e. CO... will probably re.
sumo in a fey days, deposltors having
granted time on Sl00,00 assets. These
large failures caused a detention of the
steamer until the 26sh.
There are minors of heavy failures
amongst merchants, but we have nothing
authentic.
Owing to the scarcity of water bu,
little gold was taken from the mines
Heavy rains commenced on the 25lh
and still continued when the steamer
left.
The news from Kern river is of an ex.
citiEg character. Miners, il was said,
were averaging $40 to $50 per day.
The steamers were going down crowded
with passengers.
On the morning Of the 9Th, the st.
Charles Hotel and Hillman's Hotel. in
San Francisco, were destroyed by fire..
Loss $50, 900.
In Nevada sixteen houses were burned
on 10Th, and in Stockton twenty-five
houses were DESTROY ed by fire on 2lst.
The Indian troubles were on the in.
crease; some ten white men and about
seventy nine Indians had been killed.
The native Ca~licornians had held sew
eral meetings in San Francisco, for the
purpose of taking steps to emigrate to
Sonora.
The Mariposa Gold Mining Company,
a London concern, was sold by Sheriff,
Wasbing,on's birthday was celebrated
in San Francisco by a firemen's parade.
Appropriate ceremonies were performed
at the Metropolitan Theatre.
Owing to the monetary difficulties. the
recently arrived ships were not discEarg
ed.
The Oregon Legislature adjourned on
the LIST of February.
The Washington Legislature has made
Olympia the CAPITAL of the Territory.
A letter from Page, Bacon & Co.,
states that they would certainly resume
business on the LIST Of March. in San
Francisco and all their Branches.