The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1857-11-26
san FnANc1sco, Nov. 8, 1876;

SAN FRANCISCO, Nov 3, 1857.
Since writing on the LIST inst. I have to report the
arrival bf the U. s. mail. Accounts are quite gloomy
in a f kncial way at the East; many Of the heaviest
firms no have hitherto been considered invulnerable,
havi1G been obliged to succumb to the pressure.
jam x. Mills & Co. and Lawrence 4 Stone of Bos-
Eton factors, are in the list, the former down
- S$OoJ, 900 and the latter for sc, O00,0OO
Wee more persons are reported cs saved from the
Inflated Central .dmerica, and the account of their
sufnipgs while drifting about on the ocean is truly
7 stock market in New York declined 80 per
cent In one week, and interest on first class paper
was lruling at last accounts at 4 "a 6 per cent. per
mor(h.
Their s. Church, a prominent banking house in
this pity, made an assignment this morning, a por-
ton Rf their drafts being returned this mail protested
It'll thought however that they will meet I'll their
engaaf ments and perhaps resume. The loss Of their
bullioA ON the Central america has been settled by
the inn rance companies and all their regular ex-
change YRper has been paid. The protested drafts
were dra n on a mercantile house in New York
which COZ not respond.
WeaSSo continues delightful which Il the only
pleasant fa\ worthy of note. Trade dull and money
stringent. Nferer ruling at II "a q per cent per
month. Aloha, SYPHAx.
PoR9 \kSD, OREGON, Sept. 26, 1857.
DEAR SIR The bah Metropolis being about to
sail for Honolulu, I have Saken this opportunity Of
enclosing to you a copy of the Constitution which the
Convention has succeeded in framing, and adopting
as a whole by a vote of ~thirty-six to eleven. It is to
be presented to the people on the second Monday Of
November for their ratification or rejection
There are many opinions expressed as to whether
it will be adopted or not; but there is one thing GER
tain-if the sustainers can make the people believe
that it is a test of Democracy, it is sure to be adopted
by an overwhelming majority. The members of the
late Convention are now stumping the country pro
and con, on the subject, and time alone will show the
result of their labors.
During the sitting of the Convention there were
several attempts made by members of the majority to
choke down discussion on the all-absorbing question
Of slavery. as they do not yet know which side of that
question will win; and as there are so many offices to
be filled under tine State government these knowing
ones have no idea of running any risk: they are per-
fectly willing to fall in with the popular side, let it be
what it may.
Oregon is progressing fast in every improvement
calculated to make a great and fourishing State. The
trees are fast falling before the Ak Of the sturdy wood
man, and in their places can be seen large orchards
and fields of grain. The two noble rivers, Columbia
and Willamette, are now traversed daily by beautiful
steamboats,, doing a thriving business The freight
ing business from Portland to the Dalles "a little
town on the upper Columbia and the center of trade
for the northern part of the interior) is increasing
very fast, SO much SO that new boats Of large tonnage
have been built and taken the place of the smaller
ones which were amply sufficient in days gone by.
Portland has improved more within the last year
than in any two previous years Large two and three
STORY brick buildip1s have heen reared durin0 tho