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s and erected a house thereon, removed to it, and we thus continued close neighbors and friends until we left the country for good in 1857. During the summer of 1856, in San Francisco, occurred one of those unhappy events, too common to new countries, in which I became involved in spite of myself. William Neely Johnson was Gft the business and power of the committee in the hands of a court, of which a Sydney man was reported to be the head or chief-justice. During the winter of 1855-56, and indeed throughout the year 1856, all kinds of business became unsettled in California. The mines continued to yield about fifty millions of gold a year; but l1856, all kinds of business became unsettled in California. The mines continued to yield about fifty millions of gold a year; but little attention was paid to agriculture or to any business other than that of mining, and, as the placer-gold was becoming worked out, the miners were restless and uneasy, and were shifting about from place to place, impelled by rumors put afloat for speculative purposes. A great many extensive enterprises by joint-stock companie
Chapter 4: California. 1855-1857. During the winter of 1854-55, I received frequent intimations in my letters from the St. Louis house, that the bank of Page, Bacon & Co. was in trouble, growing out of their relations to the Ohio & Mississippi Railroad, to the contractors for building which they had made large advances, to secure which they had been compelled to take, as it were, an assignment of the contract itself, and finally to assume all the liabilities of the contractors. Then they the latter part of November of the same year, when Mr. and Mrs. Bowman, who meantime had bought — a lot next to us and erected a house thereon, removed to it, and we thus continued close neighbors and friends until we left the country for good in 1857. During the summer of 1856, in San Francisco, occurred one of those unhappy events, too common to new countries, in which I became involved in spite of myself. William Neely Johnson was Governor of California, and resided at Sacramento City;
tent that at times it deprived me of sleep, and threatened to become chronic and serious; and I was also conscious that the first and original cause which had induced Mr. Lucas to establish the bank in California had ceased. I so reported to him, and that I really believed that he could use his money more safely and to better advantage in St. Louis. This met his prompt approval, and he instructed me gradually to draw out, preparatory to a removal to New York City. Accordingly, early in April, 1857, I published an advertisement in the San Francisco papers, notifying our customers that, on the 1st day of May, we would discontinue business remove East, requiring all to withdraw their accounts, and declaring that, if any remained on the 1st day of May, their balances would be transferred to the banking-house of Parrott & Co. Punctually to the day, this was done, and the business of Lucas, Turner & Co., of San Francisco, was discontinued, except the more difficult and disagreeable part
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