The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1861-02-28


TE0 million five hundred and ~forty-dve thousand
dollars i certainly a snug sum to be distracted from
the National Treasury during a single Administrators
Of 5qr years. even If IL should Lot be swOllen-as 10
d1gbt il must be-by further defalcations yet 10 be
discovered
TzE LEvAxT-Lieut. VI. F. Maury writes thus,
under date Of January Sth. TO the NATIONAL Latsii-
ge1csr, N regard To the probable cause Of detention
Of the missing vessel-Of- war LerIEt- As the letter
throws light on the navigation Of an important
portion Of the Pacific, A. well a. being calculated 10
alay fear in regard 20 the fate Of those on board the
missing craft, We give II a place
The long passage OF the LsrGHt does not, in my
Judgment, justify the suppO-itiOn Of her loss. In put
ung TO sea, that ship no doubt stood north for the
" varikble--" These would bring her off our west
e1ast, when she would stand down with II 10 the v
Z trade winds Now, Of all parts Of the ocean, the
wiads of the we=t coast Of Central America are the
m6-t batting and uncertain. We have occasionally
hal meu-CEwar 20 be DELAYED in them so long a. 10
entertain fears Of never getting a breeze again. The
sane has been the cl=e with euIgrlnt ships 10 Cali
hruia- Delays with them q two, three and four
months have been known To occur here Some years
aZo, the Z. ;. ship Prs5is hal \ passage II u~iueJy--iI
days from NazatIan o. CIlIIo. aud after her the Ere
one q niuety-eight day. The distance from Mazlt-
la 70 ClI10 i not half the distance from the Sand
wch Islands 20 Panama by the route the Lerr4t
would have 70 take. Still more recently, the -HIiss
-ftiei. another -liling vessel. hal upwards Of u hun
d-ei days from Panama 10 California, having 70 pass
this same d. DOi!rum" region ! might quote other
Instances But there - another reason which should
quiet the tEfT- 81 tuU-e VINO nave rlenQ- on belFI me
LsrrEt. which -. that hurricanes aud furious gales
Of wiuI are almost unknown ia that part % the Pa
cihs through which her route would lie. whether she
vent north or south Ihave many friends on board,
but I shall not begin % feel uneasy about them, much
less % give them up A. lost. even though nothing
shoGli be heard % them for a month
The FrysSCIaL PaSIc-The strongest evidence
that the recent financial Disturbances were caused
solely By fear and were without any basis, = the fact
that the troubles have as suddenly disappeared As
thew am on Their Il N4W IN the EL-sg~u irLHu-
TIC cities a giut Of money \ New York paper
says
1T j. not . little remarkable, that financial
Affairs continue 20 improve, IN the very face 81 dis
union aui secession movements SOUTH The strong
attitude o. the Government has had it, influence on
Stock, and money - growing more abundant ard
or easier terms. Confidence - becoming established,
AMI private capitalists are again in the market.
with FUNDS. 20 meet the demands # borrowers. The
rates % Interest have declined, and the Banks still
Continue their liberal policy Of expansion specie =
abguIl1t and largely accommodating. and aside from
political agitation. a. the season advances, 1t looks
a. Z a = good time -" was actually coming"
The TRr-r FrSD DFEAULTER-Wm- II. Russell,
charged xith recei=.ug the stolen State bonds from
Bailey, the South Carolina clerk, resides IN Leaven-
worth, Kansas, anil = very widely known through
cut the West He J. President q the Central oser-
land California aud Pixies Peak Express Company,
Ehich runs the Pony Express 20 California, the ~
Joseph aud salt Lake. and the salt Lake and Cali
bruiG mails, ami a tri-weekiy line Of stages between
the Missouri river and Pixies Peak. He i also
President II Kansas Valley Blnk-the only bank Of
issue in that TerritOry-and n member of several
business firms One Of heze-Rus-ell. MAJOR, &
WGiiell-has long been engaged IN transporting
supplies fr the army across the plains, and has re-
aliIei immense profits from it-sotnetImes a. high as
= million dollars in a single year. la 1858. the firm
employed %. 900 oxen, aud more than 1000 wagons,
in government freighting. mainly for the Jtan eN-
pedItiOu. Mr. Russell - q native Of Vermont and 4
nan Of remarkable energy. lie mas hitherto been
Considered the Napoleon u fnanciers, and hi- repu-
tatiOE on tae Missouri river, and the plains through
20 California. - that Of = prompt and honorable
business man. Russell has been released on bail
lis friends gave II 900 900.
Isaac v. Fowler, The DEFAULTEE-Ihi indi-
tidaal. late Postmaster Of the city Of New FORK.