The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-04-25

| The News from acknowledgements In
Commercial Anairs-Know Nothing Move
ments.
The anomalous state of things caused by the
late extraordinary financial panic In San Fran
cisco, seems to be already giving place to a
feeling of improved confidence. BY the arri-
val of the George Law yesterday. we learn
that Page Bacon Il Co. had resumed payment
on the goth ult. Nothing can more strongly
mark the sentiments of the commercial COM
munity with regard to this firm than the fact
that on the first day of their resumption Of
business the amounts deposited exceeded the
sums drawn out by more than 100000. What
effect the news Of the second suspension of the
st. Louis house will have upon its affairs, it is
of course difficult to predict We have strong
conviction, however, from the facts just stated,
that the two houses will be carried successful
ly through their difficulties by their friends.
The specie list of this arrival presents some
suits of the destruction Of confidence caused by
the recent bank failures. Instead of the con-
signments being made as usual to some half
dozen houses, we have list of thirty seven
coDsignees for sums varying from $2l3,256
down to $640 In this list, Wells, Fargo Il Co.,
Drexel u Co. and the Metropolitan Bank
figure for the largest amounts. As regards the
aggregate sum, although it falls somewhat
below our expectations, it may be considered
on the whole satisfactory. We had estimated
the probable amount of specie shipped by this
vessel at million Of dollars; by the ships
manifest it appears only to reach $772,011.
But it must be recollected that, owing to the
reluctance Of the miners to again trust the
fruits of their hard earnings to mode of trans
mission which has proved so hazardous, large
amounts Of gold dust must have been brought
by the passengers themselves, and which do
not appear on the ships manifest. Assuming
tnie snpposition to be correct, it is probable
that between Inc specie list, the sums in the
possession Of passengers, and about 100000
forwarded in California drafts, the total amount
brought by this vessel is little short of what we
had calculated.
In political matters there is but little of in
terest to comment upon. "Sam" seems in this,
as in all the other States to be silently but
energetically prosecuting the mission that he
has carved out for himself AT the Sacra.
mento convention, at which every county
in the State had it's representatives, reso.
lutions were passed to support the
nominee Of the party at the next Presidential
election, and also to uphold the constitution in
all its compromises Thirty-two delegates are
to be selected to attend, as the representatives
of the Order in the Presidential convention to
be held in Memphis, Tennessee, on the second
Monday of April, 1856. 1t was expected that
the Legislature would adjourn about the mid
die Of the present month. The new Prohibi-
tory Liquor law had passed the Assembly, but
it does not seem to be very stringent in its pro-
visions. 1t exempts from their operation wines
Of native growth-an omission which, with its
unconstitutional interference with the sale of
imported liquors, will render it wholly inopera-
tive