Carroll free press. [volume] (Carrollton [Ohio]) 1834-1861, 1855-03-29
FROM CALIFORNIA.
ARRIVAL OF THE NoRHERN LIGHT.

New YORK, March 10.
The steamer Northern Light arrived of
Sandy Hook last evening, and reached her
dock this morning, with San Francisco dates to
s6th of February She brings 26s passengers
and $s2, 100 in gold dust.
The news is highly important. Business is
entirely Frustrated by the suspension of five
banking houses. The news of Page & Ba-
cons difficulty. received at San Francisco on
the 18th. causing grea: run on that house.
They met the run and paid half million Of
dollars A meeting Of merchants and bank
ers who declared the house sound restored con-
fdence, and afterw ards seemed to wear bet
ter aspect. On the 2end however, Page,
Bacon & Co., suspended, followed on the 23rd
by Adams & Co., Wells, Fargo q Co., and
Wrights Miners Deposit. The excitement
was immense.
Adams / Co, closed all their branches
without paying dollar; except in San Francis
CO, where on the 22nd they stood run of
SaOO,o 900. Wells. Fargo & Co., closed but
their country branches paid as Tonga the coin
lasted, and we're still raying as fast as coin
could be obtained in exchange for dust and
bars. The house announced that they would
resume 10 San Francisco on the Goth.
The suspension Of Wells, Fargo & Co., in
California, does not effect the American Ex.
press Company.
1t was feared Adams & Co., could not ie-
sumo under go days, if at all, Page, Bacon
b Co.. would probably resume in a few days,
depositcrs having granted time on S4Oo, 0oo'
Their assets were large. The heavy failures
caused the detention of the steamer until the
26th.
Rumors were current of heavy failures a
mong the merch ants, but we have nothing au.
thentic upon this head.
Owing to the scarcity of water, but little
gold had been taken from the mines: but heavy
rains commenced falling on the 25th, and still
continued when the steamer left
No election of U. S. Senator had taken place
yet.
The Joint Convention adjourned sine die, on
the 10th, by vote of SO to A. Those vot-
ing in the minority were principally the friends
of DIR. Gwinn.
The news from Kerr river is Of all exciting
character The miners are said to average ten
to twenty dollars per day,
Steamers for San Pedro, the nearest point
of Decentralization for the mines we're going
full Of passengers. .a' IN
On the 18Th, the St. Charles Hotel and Still
mans Hotel in San Francisco, we've destroyed
by FIRE. Loss $1,000. ae eam
In Nevada, 16 houses were destroy ed by fire
on the 18th, and in Stockton, 95 houses also
on the 2lst. sr.aea 5
Indian troubles appear to be on the increase
Some ten white men and about 10 Indians hav-
ing been killed. .9
Owing to the monetary difficulties. the re-
Gently arrived ships were not disChargng.
The riot at Balarat growing out of the mi
ner's tax, Of which we previously had the COM
mencement, resulting in a conflict between the
Tryps and miners, in which l9 miners and sS
Of the Tryps were killed.
In Central America, Chinior is still succeed
ing, having taken all the towns occupied by
the revolutionists. except Ceon.
At San Juan, tbe people we're anxiOusly
looking for Col. Kinney and party. IS
In the San Francisco markets business was
very dull !; quotations exhibited no change.
Gallsgos and Huxall -four sold at Sl6, lard 14c
and i 6n hams lQc. clear nnrk 81 ~