The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-06-03

The steamship Star Of the West from Nlcaragua,
brings probably men Of dollars, in gold and draft1
Tho passengers, 1t Is known, have very large amount
and the amount freight larger than usual The
second suspension Of Psgs Bacon Co. Of San
expected and therefore had effect here. was
well known that when the arrived In SAnancisco,
Of the second suspension Of Page Bacon of st. LOUIS
that another panic would spring up among depostors
and other creditors there and that should have
other excitement similar to the last This "a probably
the last Both houses now In state Of suspension
and must wind up in tho regular way. That every ere.
ditor will ultimately get every dollar due, principal and
interest," there Ia not the slightest doubt It will only
be matter of time The assignee OF the house here has
judiciously appropriated all the funds received from
California, and have doubt he win continue to I'D.
mnister the affairs Of both houses to the satisfaction Of
al parties We understand that the assignee will pay
to.morrsw, Monday ct the Bank of America dividend
of sixty per all the drafts Of Messrs Page Bacon
Co., of san Francisco their agents. Of the dates Of
9th April to Sd May, both inclusive These the only
drafts covered and protected BY the assignment.
The following letter from Lucas, Turner Co., Of Ban
Francsco appears In tho San Francisco Chronicle rels
tive to false report which had obtained credene Of
failure Of their house in New York =
ORIGIN OF THE REPORT THAT NOTE LUCAS TURNER
Co., HAD BEEN PROTESTED IN NEW YORK.
BANKING HOUSE OF LUCAS, TURNER l. Co.,
SAN FRANCISCO May 2, 1855.
We have az last f0uud out the origin OF the rum0r
which aaoat last night, that one of bills had
come back protested.
January 3lst last We sold Burgoyne Co. . bill Of
exchange Lucas Simmonds, Of St. Louis, payable at
the Metropolitan Bank the 10Th of this month. Thus
draft into the hands OF Page, Bacon Co, who
quent to the remittance of the draft Mr.. Burgoyne OBJ
tanned from Page, Bacon Co., here order on Dun
can Sherman & Co.. for the surrender to Burgoyne L.
Co., ORDER of the above named draft the proceeds
thereof We believe Mr.. Burgoyne hypothecated this
order With Adams Co., Of this city who Of courses re
70. refused to surrender the draft lite value
1t is this order which has been protested, not the
draft, which makes all the difference in the world Our
draft not due until the 10th Of this month, and Of
draft such instrument would necessarily be
protested to hold the endorser
1t is q simple contest between Page, Bacon Co., and
Adams Co for the proceeds OF said draft
Any curious In such matters the notice
In the hands OF Mr. Cohen assignee of Adams & Co. No
notice sent MS, . are In way concerned.
LUCAS, TURNER co.
The Philadelphia Ledger of the I'd inst, says
We aye glad that the State authorities have
repudiated the discrscited and filthy @Reef' notes
properly termed distress notes-and hope
TO bear Of their being banished from circuati0ndrven
home to the banks issuing them. Our City Treasurer,
informed, he has instructions from Harris
burg not to receive the "Reefo notes in Of
State II this to be the role citizens ought
know it, and govern themselves accordingly No
should touch Of them. And yet what humliating
spectacle for the commonwealth Refusing the
all her great resources
The annexed statement Of the Treasurer of the United
States will show the amount deposit aud subject to
the 2Sth ult:-