The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-03-20


their Banking house in this city Attachment after at
tachment was levied on Their property The Sheriff was
interior he ready to attach any that might
belong to the house Their vaults closed and
tssr sorts Iumors were anoas
as to the prospect Of recovering ANYTHING In
deed there was great deal of alarm and excitement Ia
the meantime another teegraphc despatch announced
that Wells, Fargo Co. I'D suspended This seemed TO
be the finishing stroke for the day apq syeYy onS Vas
on the qts v.re- large depesitors as well as small
~ ID almost Impossible to describe the feeling among
business men Their confidence in the banking houses
OF TINS state remained unimpared until this last intell
would end. Soon again the teegrs oh announced
that every banking house in San Francisco had
ed This capped the climax-exctemen ran higher and
bgner until the nrst lsw OF nature self preservation,
seemed to be the ruling passion every All classes
OF our citizens merchants as wen labOring men and
that city.
The State Tribune of Feb Is saws. that about ten
O'Clock on Thursday morning the house of Page,
Pacon Co. closed in Sacramento In the Of
hour the suspension was known all town. and hun
dreds who had money deposited with them could be seen
hurrying down to the bank-to take look if nothing
at the spot where their little all had been placed
for safe keeping During the day dersbe crowd,
many of them recently from the MINES congregated
the corner Of Front and streets front Of the bank
but all very quiet and orderly loud OF feel
ing disappointment manifested and all seemed to
be impressed with the idea that they would get their de-
posts before long
We heard Of many individual cases of losses varying
from one to fifteen thousand dollars. One man.
Alderman of this city, sold out large stock of goods
few days since, and deposited the proceeds 600
with this firm. Another person, who came down from
the mines on Wednesday night last deposited IS 900
early yesterday morning. or within an hour OF their
All Of be real estate owned by the firm and individual
members Of it attached Immediately upon news Of
the suspension being published. The effects have all
been transferred to the hands of receiver, who will
await the order OF the court in San Francisco whore the
injunction was issued compelling Page, Bacon Co. to
refrain from paying out any money until further or
dered.
PLAcERvILLE
Adams b Co. suspended all banking business the
ODD Feb The excitementis gradually gaining ground
the report spreads Crowds have collected around
the different banking houses during evening Discus
ing the chances Of getting their deposits 1t is thought
the deposits In this house will not fall far short Of
$3.50 Saturday and Sunday we expect the excite
ment 10 reach it's climax, by that time it will be gene
rally known throughout this vicinity.
Wells Fargo Co, up to the present time, have paid
The business men in town have not expressed any
doubts as to the solvency Of this house, AMI have not
withdrawn their deposits.
GRASS VALLEY.
The commencement Of the suspension Of Adams Co.
created an unprecedented excitement in town. When
the Office was closed Mr. lley was placed in charge as
receiver. As the i'll tidngs spread squads OF miners
focked in from the adjacent dggngs. The excitement
fostered By njudcons persons waxed greater towards
portion of the community that mob would be raised
and the building attacked, but the determined stand
from being carried into effect The office of Wells Fargo
Co continued open and the bnlk Of their deposits paid
out Attachments were taken out against Adams Co.
to small amount, and the Office placed in charge The
Offices were closed at O'Clock by themselves, and
crowd of men still surrounded the house.
AUBURN, FEB 2s-1oP.M.
There bias been lively time to-day, in financial cir
cles. Early this mornnq Adams Co. stopped payment,
and an armed crowd Immediately assembled and com
PEELED the to reopen their safe. At 10 A. NJ the
closed out.
Wells, Fargo Co. have stood heavy run, and are
stiI paying. They say they pay ali depositors at
sight having been for the rush for days
past.
NEVADA.
NEVADA FEY. %, 1856.
The news of the suspension OF Adams l. Co
ceived by telegraph about 10 O'Clock this morning, and
Special deposits called for freely handed out but
NO money or special deposits were paid.
Almost Immediately run commenced on Wells, Fargo
4 Co.. Who honored all drafts till 2 O'Clock p NJ, when
the doors were closed.
Hsmlet Davis, banker, failed to meet demands upon
him. Both the latter banking houses will probably re-
sumo in Gay or two.
JAMESTOWN.
Considerable excitement exists here in consequence OF
the suspension Of Page, Bacon &-Co. The vault was
broken open by the people. but no money found.
CoIoMA Feb as-1lPM
The banking houfe Of Adams Co., closed at
early hour this morning AS the fact was known,
Quite number called them for their treasure but
obliged to leave without it, and await the result
Wells Fargo \. Co have had ve,y heavy run on
postors have been promptly paid on demand.
We are informed by gentleman in from Georgetown,
that there was some exctement at that place among
positors with the two houses.
MARYsvILLE.
The Adrysrille Herald says;-onr citizens were not
sion Of Adams Co., which closely followed by that
OF Wells, Fargo Co. crowd made up Of depositors
and excitement seekers, speedily in attendance but
the safes locked and payments respectfully but
firmly refused. George W. Plume Co. also closed The
banking house of Mark Brumasim Co. had run but
remained firm and paid u cir checks promptly, and kept
open hour beyond the usual business Of closing,
to give those wishing to draw their deposits an oppor
tunity Of doing so.
EXCITEMENT ON THE ARRIVAL OF THE STEAMER.
On the arrival Of the Sierra Nevada the 3D. the
whsrves crowded with persons anxious TO learn
something in relation to the affairs of Page, Bacon Co.
at the East One Of the passengers informed the crowd
that all the drafts sent by the steamer which arrived
AZ New York previous to the sailing Of the last Cafor
mia steamer, hae been honored. The announcement
elected three hearty cheers.
QUESTION FOR THE LAWYERS.
On the 21st Of February, number of freight bulls,
due Of the clippers dschargng in the harbor were
paid in checks PAGE, Bacon Co. These cheeks we're
not presented at the banking house which they were
drawn, but either paid into other houses for ex
change, or were held by the recipient The house
Of Page, Bacon Co. having closed yesterday, they
returned to the drawers bat the latter claim as
understand, that they arc not responsible as the
firm which the checks drawn, had not suspend
ed at the time they were given The question arises
who will be the paroles entitled to the checks the rec
pient OF them the drawers We further learn that
the vessel alluded to refused TO deliver any more goods
to the parties until this checks cancelled and in
consequence ceased unload ing
Kern River Mines.
The Southern Californian says:-We con stantly
receiving the nost aaterng accounts from this loca
ty, not only confirming previous published &C.
couns but informing US Of newly discovered diggings
of nfeased richness The large numbers Of people who
have Hocked to these mines have scattered themselves
ut secoa Of country, and prospecting the
numerous guches and ravnes throughout the different
ranges of mountains developing at every step dsgngs
that pay from ten to fifty cents The richest To-
calities found thus for high up in the mountain
gulches where the snow at present makes 1t very diff
| cult 10 work.
Although still speak Of Kern River Mines as APP
plying to the mining region but comp stveiy few per-
sons high up; toe country south and east
| has been discovered to De far richer.
We have q letter from 7. Hereford, Esq to b.
Wilson, dated at the mines the 18th instant, in
which he SAYS that the miners making from ten TO