The Trinity times., 1855-02-24
Editorial Correspondence.
STEAMER AsTKLorE. Feb. 10, 80, !
En- Raule flr Sac. Chu.

l." NGAte ! " E~' N"J'
The adjournment Of The Legislature On
Saturday until Tuesday gave us an opPortu-
nifty Of Visiting San Francisco, which is re-
creation enjoyed weekly b. those SO disposed,
after their various labors in legislative way.
Our trip has been, so far. one Of pleasure and
excitement. Pleasant, because associated
with the gcntlemanly officers Of Ihe boat,
whom none excel-the clerk in particular.--
The excitement has been sympathetic from
too close q connection with San Fran cisco
circumstances.
Tho arrival of the Oregon on Saturday
morning probably produced more excitement
by her news, than any steamer since the set
ment Of this country. The European war
news and Atlantic political intelligence was
all over looked in the all absorbing topic
the failure Of the great house Of Page q
Bacon, of ST Louis. This subject occupies
the attention of all classes and circles. AS
soon rs the Oregon's news became distrbu-
ted throughout the city, a ran commenced on
the house OF Page, Bacon & Co., Of San
Francisco, unparalleled in the history Of
Banks. The excitement was universal, but
the fears for their solvency was confined to
the poorer classes Of the community, who
were generally depositors. The scene at the
Banking House beggars all description.--
Hundreds were crowding in with certificates
and anxious faces, and out with hats and
pockets full Of slugs, and almost as much
disposed to 90 and re-deposit after they had
drawn their money out, as they were preyi-
ously to draw it out.
Although the run lasted till four O'clock,
aud some three hundred thousand dollars
were paid out, there was enough left for all
those who have any demands. The house
has probably sustained an irrepsrable injury,
yet no one will lose dollar by them. They
are fully able to pay all demands against
them and have a surplus left.
The cause Of this failure or suspension has
been occasioned by the tightness Of the mon
etary affairs OF the Atlantic States and Eu
rope.
This (Monday) morning the excitement
was somewhat alIsyed. The merchants feel
ing every confidence in the house, and none
but the poorer classes continuing TO draw
their deposits. During the heaviest Of the
excitement on Saturday, every assistance
was offered by their friends in San Fran
cisco among Merchants and Bankers, but
was all declined as unneeded by them, they
having sufficient funds TO meet all demands.
The political news of the week has not
been much beyond the fnal adjournment o:
tho Senatorial question, which has satisfied
some and disappointed others. We consider
il the best thing that could be done under the
existing circumstances. No election could
be accomplished, and as it was going on, the
expense was too great to be tolerated any
longer. The Gwn faction were the only
ones opposed to the adjournment. The peo-
pie at large will be well satisfied with this
disposition of the question. 1t has delayed
neccssary legislation too long and it can now
be disposed of by the people. Our Supervi-
sor Bill will probably be passed in the course
Of a week or SO, also the Census and Fee
Bills. Z. A. R.