[From the " Daily Herald," Sept. 14.]

New Zealander, Volume 6, Issue 480, 20 November 1850, Page 2

[From the " Daily Herald," Sept. 14.]

The remit exhibited by the recent panic ii more important than can be estimated at a casual glance. There are in thii city some ten or twelve banking establishments, and notwithstanding the immense pressure caused principally by the effects of the three conflagrations that hare swept over the city, and crippled its resources, if it did not paralyze its energies, there was but one home that did not breast the storm, and come out of it unscathed. Most of those doing a banking business here, have suffered by two of the fires, and some of them by all three ; and it is extremely creditable to the mode in which business is conducted, that they had their affairs in so sound a condition and their arrangements working so smoothly and securely, that so far as the public are concerned at leist, the shocks were harmless. We bare now some banking bouses connected with the strongest capitalists in the wo Id, and it speaks highly for their steadiness aud business tact, that amid nil the temptations of financial gambling, which exixt in this city to a greater extent than in any other in the world, they luve held aloof and confined themselves to tbeir legitimate business, or to sate transactions in real estate. The consequence is, that even M. Naglee, the only house that was obliged to yield to the tremendous pressure brought lo bear on business, heie, for the last fortnight— even he is in so safe a condition, that after every creditor is satisfied, he must still retain sufficient wealth to satisfy any ordinary aspirations. The severe losses sustained by that gentleman by the conflagrations that have three times devastated the city within the last nine months, came in such a shape and were of such a nature as to cripple almost any house ia the city. We subj uu a list of the principal bankers at present doing businsss in San Francisco, and who have withstood the great pressure. fiurgoyne & Co. draw on Barings Brothers & Co,, London j Hottingusr & Co., Paris; Beebe Ludiow & Co., New York j Mkuqigl White & Co., New Orleans, &c.

Godeßroy, Sillcin & Co, have business connection wiih the principal houses in London, Parii, New York, New Orleans, Hamburg, Lima, V>lp».rail3, &c; Page, Bacon & Co. draw on Boston, New York, Philadelphia, New Orleans, St. Louis, and the other principal cities. Beebe Ludlow & Co., connected with the house of that name in New York, and doing business with alt the piineipal cities. B. Davidson, agent for the Rothschilds, drawl on London, Paris, New Yoik, New Orletnx, Havannab, Valparaiso, mid the piineipal cities of Europe and South Americi, Argenti & Co. draw upon Brown, Brothers and Co. New York ; Samuel Nicholson St Co., New Orleans ; Brown, Shipley & Co., Liverpool and London. J.-.mes King of William draws on all the piineipal i cities of the United States. Wells & Co. draw on Willis and Co., Boston, and on other houses in the principal cities. Joseph B. Bidlemau draws on New York, Philadelphia, New Orleans, &c. Gildetneester, De Fremery & Co. give drafts on New York, Ludon, Amsterdam, and the principal cities of Europe and the United States. John 'f . Liule & Pope draw on Boston, New Yorlfa Philadelphia, &c. ' Robert Wells & Co. draw on New York and Paris. San Francisco has just paised a vary alarming ciiiis iv ncr destiny, and it is gratifying to reflect thai where there is so large a banking business transacted there is such unexampled soundness and stability! This fart is calculated to restore confidence and to prove that while the operations in this country are abroad even still regarded with suspicion* as inflated and unsubstantial, our business men have exhibited s solvencd never before seen in any city during so severe a monetary crisis. Even the failure that has takei place is calculated not to destroy but to restore confidence — for Mr. Naglee's aiseta are more than doubt the amount of his liabilities. Should the State b admitted into the Union this session, business in Sai Francisco will, this winter, be more animated than i has ever been.