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lor…like…looking man; with a strong German or Swedish accent。  He said that he was sailing from some port in Honduras for Sweden; running down the Gulf Stream off Savannah。  The weather had been heavy for some days; and; about nightfall; as he paced his deck; he observed a man…of…war hawk circle about his vessel; gradually lowering; until the bird was as it were aiming at him。 He jerked out a belaying…pin; struck at the bird; missed it; when the hawk again rose high in the air; and a second time began to descend; contract his circle; and make at him again。  The second time he hit the bird; and struck it to the deck。。。。  This strange fact made him uneasy; and he thought it betokened danger; he went to the binnacle; saw the course he was steering; and without any particular reason he ordered the steersman to alter the course one point to the east。

After this it became quite dark; and he continued to promenade the deck; and had settled into a drowsy state; when as in a dream he thought he heard voices all round his ship。  Waking up; he ran to the side of the ship; saw something struggling in the water; and heard clearly cries for help。  Instantly heaving his ship to; and lowering all his boats; he managed to pick up sixty or more persons who were floating about on skylights; doors; spare; and whatever fragments remained of the Central America。  Had he not changed the course of his vessel by reason of the mysterious conduct of that man…of…war hawk; not a soul would probably have survived the night。 It was stated by the rescued passengers; among whom was Billy Birch; that the Central America had sailed from Aspinwall with the passengers and freight which left San Francisco on the 1st of September; and encountered the gale in the Gulf Stream somewhere off Savannah; in which she sprung a leak; filled rapidly; and went down。  The passengers who were saved had clung to doors; skylights; and such floating objects as they could reach; and were thus rescued; all the rest; some five hundred in number; had gone down with the ship。

The panic grew worse and worse; and about the end of September there was a general suspension of the banks of New York; and a money crisis extended all over the country。  In New York; Lucas; Turner & Co。 had nothing at risk。  We had large cash balances in the Metropolitan Bank and in the Bank of America; all safe; and we held; for the account of the St。 Louis house; at least two hundred thousand dollars; of St。 Louis city and county bonds; and of acceptances falling due right along; none extending beyond ninety days。  I was advised from St。 Louis that money matters were extremely tight; but I did not dream of any danger in that quarter。 I knew well that Mr。 Lucas was worth two or three million dollars in the best real estate; and inferred from the large balances to their credit with me that no mere panic could shake his credit; but; early on the morning of October 7th; my cousin; James M。 Hoyt; came to me in bed; and read me a paragraph in the morning paper; to the effect that James H。 Lucas & Co。; of St。 Louis; had suspended。 I was; of course; surprised; but not sorry; for I had always contended that a man of so much visible wealth as Mr。 Lucas should not be engaged in a business subject to such vicissitudes。  I hurried down to the office; where I received the same information officially; by telegraph; with instructions to make proper disposition of the affairs of the bank; and to come out to St。 Louis; with such assets as would be available there。  I transferred the funds belonging to all our correspondents; with lists of outstanding checks; to one or other of our bankers; and with the cash balance of the St。 Louis house and their available assets started for St。 Louis。  I may say with confidence that no man lost a cent by either of the banking firms of Lucas; Turner & Co。; of San Francisco or New York; but; as usual; those who owed us were not always as just。  I reached St。 Louis October 17th; and found the partners engaged in liquidating the balances due depositors as fast as collections could be forced; and; as the panic began to subside; this process became quite rapid; and Mr。 Lucas; by making a loan in Philadelphia; was enabled to close out all accounts without having made any serious sacrifices; Of course; no person ever lost a cent by him: he has recently died; leaving an estate of eight million dollars。  During his lifetime; I had opportunities to know him well; and take much pleasure in bearing testimony to his great worth and personal kindness。  On the failure of his bank; he assumed personally all the liabilities; released his partners of all responsibility; and offered to assist me to engage in business; which he supposed was due to me because I had resigned my army commission。  I remained in St。 Louis till the 17th of December; 1857; assisting in collecting for the bank; and in controlling all matters which came from the New York and San Francisco branches。 B。 R。 Nisbet was still in San Francisco; but had married a Miss Thornton; and was coming home。  There still remained in California a good deal of real estate; and notes; valued at about two hundred thousand dollars in the aggregate; so that; at Mr。 Lucas's request; I agreed to go out again; to bring matters; if possible; nearer a final settlement。  I accordingly left St。 Louis; reached Lancaster; where my family was; on the 10th; staid there till after Christmas; and then went to New York; where I remained till January 5th; when I embarked on the steamer Moles Taylor (Captain McGowan) for Aspinwall; caught the Golden Gate (Captain Whiting) at Panama; January 15; 1858; and reached San Francisco on the 28th of January。 I found that Nisbet and wife had gone to St。 Louis; and that we had passed each other at sea。  He had carried the ledger and books to St。 Louis; but left a schedule; notes; etc。; in the hands of S。 M。 Bowman; Esq。; who passed them over to me。

On the 30th of January I published a notice of the dissolution of the partnership; and called on all who were still indebted to the firm of Lucas; Turner & Co。 to pay up; or the notes would be sold at auction。  I also advertised that all the real property; was for sale。

Business had somewhat changed since 1857。  Parrott & Co。; Garrison; Fritz & Ralston; Wells; Fargo & Co。; Drexel; Sather & Church; and Tallant & Wilde; were the principal bankers。  Property continued almost unsalable;。  and prices were less than a half of what they had been in 1853…'54。  William Blending; Esq。; had rented my house on Harrison Street; so I occupied a room in the bank; No。 11; and boarded at the Meiggs House; corner of Broadway and Montgomery; which we owned。  Having reduced expenses to a minimum; I proceeded; with all possible dispatch; to collect outstanding debts; in some instances making sacrifices and compromises。  I made some few sales; and generally aimed to put matters in such a shape that time would bring the best result。  Some of our heaviest creditors were John M。 Rhodes & Co。; of Sacramento and Shasta; Langton & Co。; of Downieville; and E。 M。 Stranger of Murphy's。  In trying to put these debts in course of settlement; I made some arrangement in Downieville with the law…firm of Spears & Thornton; to collect; by suit; a certain note of Green & Purdy for twelve thousand dollars。 Early in April; I learned that Spears had collected three thousand seven hundred dollars in money; had appropriated it to his own use; and had pledged another good note taken in part payment of three thousand and fifty…three dollars。  He pretended to be insane。  I had to make two visits to Downieville on this business; and there; made the acquaintance of Mr。 Stewart; now a Senator from Nevada。 He was married to a daughter of Governor Foote; was living in a small framehouse on the bar just below the town; and his little daughter was playing about the door in the sand。  Stewart was then a lawyer in Downieville; in good practice; afterward; by some lucky stroke; became part owner of a valuable silver…mine in Nevada; and is now accounted a millionaire。  I managed to save something out of Spears; and more out of his partner Thornton。  This affair of Spears ruined him; because his insanity was manifestly feigned。

I remained in San Francisco till July 3d; when; having collected and remitted every cent that I could raise; and got all the property in the best shape possible; hearing from St。 Louis that business had revived; and that there was no need of further sacrifice; I put all the papers; with a full letter of instructions; and power of attorney; in the hands of William Blending; Esq。; and took passage on the good steamer Golden Gate; Captain Whiting; for Panama and home。  I reached Lancaster on July 28; 1858; and found all the family well。  I was then perfectly unhampered; but the serious and greater question remained; what was I to do to support my family; consisting of a wife and four children; all accustomed to more than the average comforts of life?

I remained at Lancaster all of August; 1858; during which time I was discussing with Mr。 Ewing and others what to do next。  Major Turner and Mr。 Lucas; in St。 Louis; were willing to do any thing to aid me; but I thought best to keep independent。  Mr。 Ewing had property at Chaunce

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