The Cedar County advertiser. [volume] (Tipton, Iowa) 1853-1856, 1855-04-04
Later From California-Gre at
Failures
Nrw YoRx, March IS.

Nrv YoRx, March H.
The steamer Northern Light arrived
of Sandy Hook las, evening and reached
her dock this morning.
She has San Francisco dates Of Goth
February brought down to San Juan BY
the Uncle Sam. She brings 262 pas
sensers and S92 900 in gold dust.
The news is highly important. Bus-
mess was entirely Frustrated by the sus-
pension of five banking houses. The
news of Page s. Raecn's difficulties was
received q, San Francisco on the l7th.
causing greet run on that house. They
met the run aed paid half million OF
dollars. A meeting Of merchants and
banker, who declared the house sound,
restored confidence and afterwards mat
tcys seemed TO wear better aspect.
On the god, however, Page, Bacon &
Co suspended, followed Oh the 23d, by
Adams u Co., Wells, Fargo, & Co..
Robinson & G. and Wrigbts Miners
Deposits. The excitement was intense.
Adams Il Co. closed all their branches
without paying dollar except III San
Francisco, where on the 22d they stood
on a run of 100000. @-. ..
Owing to the scarcity OF water, but lit
tie gold had been taken from the mines,
bu, the heavy rains commenced falling
Oh the 18th, an still continued when the
steamer left
No election of United States Sena-
tor had taken place yet, the convention
having adjourned sine die on the 10Th by
vote OF 60 to 44-those voting in the
minority were principally the triends OF
MI. Gwln.
Wells, Fargo 4 Co. closed, but their
country branches pa,d Us long as their
coin lasted, and were still paying as fast
as coin could be obtained in exchange
! for dust and bars. The house announces ,
tina, they would resume in San Francisco
Oh the 26,h.
.Aots. John Butterfell, Vice Presi-
dent and Superintendent OF the Amer-
can Express Go. in California, does no,
effect the American Express Company i'll
any way.
! 1t was feared that Adams & Co. could
not resume under go days, If at all.
Page, Bacon & Co. would probably
resume in few days, depositors having
grauted them time on 100000. Their
assets were large.
The heavy failures caused the deten-
ton Of the steamer until the 2Slh.
Runofs were current oil heavy failures
among the merchants, but we have moth
| mo authentic on this head.
Tie news from Kerr River is OF an
exciting character. The miners are SAID
to average twenty dollars per day.
! Steamers for Peoro the nearest poin,
for decentralization for the mines were
going crowded with passengers, On the
| lSth the St Charles Hotel aud Hllmans
| Hotel in San Francisco were destroyed
by fire--loss $4,000. In Nevada l6
houses were destroyed by fire on the 10th
and in Stockton 25 houses, also on the
2ls,. Indian troubles appear to be or
the increase. Some 10 white men and
about 40 Indians have been killed.
Tie Maraposa gold mining concern
had been sued by the Sheriff. Rod
man Backus Indicted tor the murder cs
Fred. Odman had been found guilty OF
manslaughter Washing.ons birthday
was celebrated in San Francisco by
hreman's parade and other ceremonies
Owing h. the momen,aty difficulties the
recently arrived slips were not dischafs-
cd.
RcutnsSp, March 20.
a terrible explosion took place in the
Mldialton coal pits Chesterfield 10
persons ta!eu out LIVING and s dead bodies
probably all wili die. Il IS supposed 80
polsoas were 10 the pit a, the time, most
Of whom are doubtless dead or will die.
New York, March l9.
klssane was to-day found guilty Of
forgery in the third degree.
A fire broke out ut Weston, DO, on
the night OF the Hh, destroying nearly
the entire business part of The town.
Inc 3Ss Is estimated al $500 900