The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1855-03-20
TELEGRAPHIC!
Reported expressly for the Daily Journal
ARRIVAL OF THE
NORTHERN LIGHT.

NEW IORk, Marcn Ia.
The Northern Light is coming up. She
ann ounces the failure of Page, Bacon & Co.,
Adams & Co., and Wells, Fargo g. Co. She
brings 100000 in specie. No Senator had
been elected, dor 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 the Goth,
and were brought down by the Uncle Sam.
She brings 262 passengers and $4,000 in
gold.
Business is entirely PROSTATE, which was
caused by the suspension of one of the bank
ing houses. News of the suspension Of
Page, Bacon g. Co. was received at San
Francisco on the 9TH, causing great run
on the house, which was met. They paid
half million.
A meeting Of the merchants and bankers
declared the house sound, which restored con-
fidence, and affairs seemed TO wear better
aspect. On the 22d, however, Page, Bacon
g. Co. suspended, and were followed by
Adams g. Co.. Wells, Fargo & Co., Robin
son g. Co. and Wright, the money deposto-
ry. The excitement was intense.
Legislature adjourned sine die on the 10th
by vote of 63 to "A
Adams g. Co., have closed all their
branches without paying a dollar. except in
San Francisco, where on the 22d they stood
a run of 10000. Wells Fargo g. Co., closed
here but their counting branches paid as
long as the coin could be obtained in ex-
change for dust and bars.
The House announced that they would
resume payments i'll San Francisco on the
26th.
1t was feared that Adams & Co. could
not resume in 60 days, if at all. Page,
Bacon & Co. will probably resume in
few days, creditors having granted shares
on 100000 of assets,
Large failures caused a detention Of the
steamer until the Goth. There are rumors
of heavy failures among merchants, but no.
thing authentic.
Owing to the scarcity of water but little
gold was taken from the mines.
Heavy rains had commenced falling on
the 25th, and were still continuing when
the steamer left.
News from Kern river is Of exciting char
acter; miners, it is said, now average from
cro,o con The ,ta,nars ,rava ,o;cr don, N
this morning crowded with passengers.
On the morning of the 9th the St. Charles
Hotel and Coleman's Hotel at San Francis
CO were destroyed by fire. Loss estimated
at $4,000.
In Nevada sixteen houses were burned on
the 10th, and in Stockton 25 houses on the
2lst.
Owing to the monetary difficulties the re-
Gently arrived ships were not discharged.
The steamers Oregon from Panama and
Sierra Nevada from San Juan had arrived.
The Oregon Legislature adjourned on the
18th Feb.
The Washington Legislature has made
Olympia the capital of the Territory.
A letter from P age, Bacon g. Co. states
that they would certainly resume business on
the 18th March at San Francisco and all
their branches.
Some ten white men and 70 Indians had
been killed.
The native Californians had held several
meetings at San Francisco for taking steps
to emigrate to Sonora.
The Mariposa gold mining company "a
London concern) was sold by the sheriff.
| Washington's birth day was celebrated
by firemen's parade; appropriate ceremo'
MES were performed at the Metropolitan
Theatre.
Siding Australia dates to Goth Dec. are re-
ceived. The riot ut Balrat which previously
had a commencement rendered in conflic,
and 1s miners and % troops were killed
although business is very dull, quotations
exhibit no material change. Chill and Hax
al flour Is; coffee firm at la @l5!. Will,
the Northern Light was at San Juan tn,
| people were anxiously looking for Col. Ken
ney and his party. The British war steame
Devastation was in the harbor. The steam
, er Fulton left for Jamca on the It'll, all we'll
n BosToN, March 10.
The Africa brings but little news of inter
: est in addition to that already received from
= Halifax.
The London Morning Herald of the Is
: has the following dispatches from Aglon
9 dated LIST Feb.
They announce that the people of Austria
Lin have risen and dee lnred Htheir ind, MOI