Daily American organ. [volume] (Washington, D.C.) 1854-1856, 1855-03-19
TELEGRAPHIC NEWS.
RKPoRTED FOR THE
DAILY AMERICAN ORGAN.
Arrival Of he Northern LiqAt.


from San Juan with later California dates, now
coming up the bay brings intelligence Of the failure
of Page, Bacon 4 Company Adams Express
Company, and Wells, Fargo 4 Co.
The Northern Light brings 100000 in specie.
NO Senator has yet been elected, and there is no
present prospect OF successful ballot.
SECOND DESPATCH.
The steamer Northern Light arrived at Sandy
Hook last evening" and reached her dock, at little
after ten this morning San Francisco dates Of the
9th were brought down by the Uncle Sam The
Northern Light brings two hundred and sixty pas
sengers and $92, 900 in specie
Business was entirely FRUSTRATED, by the suspen-
sion of five heavy banking houses. The news of
the suspension Of the st. Louis house Of Paige
Bacon reached San Francisco on the nth, and
caused great run ON the California firm The
house met the run, and paid out half million.
A meeting of merchants and bankers was held
which declared the house sound. This restored
confidence, and affairs seemed to bear a better
aspect; but ON the 22d, however, Paige, Bacon
4 Co. suspended, and were followed on the 23d
by Adams Co., Wells Fargo & Co., Robinson 4
Co., and Wright's Miners Deposite
The excitement was intense Adams & Go.
closed all their branches, without paying dollar,
except in San Francisco where, on the 22d, they
stood run Of 100000. Wells, Fargo, & Co.
closed in San Francisco but their country branches
paid as long their coin lasted, and were still pay
ing out, as fast coin could be obtained for dust
and bars. The house had announced that they
would resume in San Francisco on the 26th. II
is feared that Adams & Co. could not resume under
sixty days, if at all. Page, Bacon, g. Co. will prob
ably resume in a few days, depositors' having
granted time on 100000. The assets Of this
house are large.
These failures caused the detention of the
steamer until the 26th. 1t is rumored that there
are also heavy failures amongst the merchants in
San Francisco, but Of these there are no confrma-
tons.
Owing to the great scarcity of water but little
gold has been taken from the mines but heavy
rains commenced on the 25th, and still continued
when the steamer left.
There has been no election of United States SEN
ator. The joint convention adjourned sine die on
the 10th. The last vote stood SO to A; those
voting in the minority were principally the friends
of DR.. Gwin.
The news from Kern river is of an exciting char
acter; miners are said to be averaging from ten
to twenty dollars per day. Steamers are going
down crowded with passengers
On the morning Of the 18TH the st. Charles Ho-
tel and Hlman's Hotel at San Francisco, were de-
stroyed by fire. The loss is about fifty thousand
dollars.
In Nevada, sixteen houses were burned on the
aud int a
stroyed by fire ON the 2lst
Indian troubles are on the increase some ten
white men and about seventy Indians have been
killed.
The native Calfornians have held several meet
ings in San Francisco, preparatory to taking steps
to emigrate to Sonora.
The Mariposa Gold Mining Company, "a London
concern,) has been sold by the sheriff.
Washington's birthday was celebrated by the
firemen in San Francisco, by parade, and appro-
pirate ceremonies at the Metropolitan theatre.
Owing to the monetary difficulties caused by the
late suspensions, many ships recently arrived are
not discharging their cargoes
The steamers Oregon, from Panama, and the
Sierra Nevada, from San Juan, had arrived up.
The Oregon Legislature adjourned on tho LIST of
February.
The Legislature of Washington has made olym-
pia the capital of that Territory
letter from Page, Bacon a. Co., states that
they would certainly resume business on the LIST of
March, in San Francisco and in all their branches
BY the Northern Light, Sandwich Islands, dates
to the Sd February have been received; but they
contain no news of Importance
The United States ship Portsmouth had arrived
at Tahiti All on board were well. She was soon
TO sail direct for the United States
Australian Sidney dates have also been re-
ceived to the goth Of December, A riot had
taken place at Ballarat, which resulted in a con.
6ict between the troops and the miners Twelve
miners and twenty-five troopers had been killed.
In Central America, Chomorro was still triumph
ant having taken all the towns occupied by the
revolutionists, except Leon.
At San Juan the people were anxiously looking
for Colonel Kinney's expedition. The British war
steamer Devastation was in that harbor. The
steamer Fulton Left Jamaica on the 7th--all well
San Francisco Markets.
Although business was very dull, the quotations
exhibit no material change in prices. Haxall and
Galego -four was selling at SIS. Coffee was firm
at IL IL IA is IL for Rio. Adamantino candles so
62 IL cents per pound. Lard Ia IL is cents
New butter 40 al IL cents. Hams 10 cents
Clear pork 81 cents per pound.
Later from Hapdna.