The daily union. [volume] (Washington [D.C.]) 1845-1857, 1848-12-16
OMMERCIAL.
From our Commercial Correspondent.

NEW YORK. Dec Wednesday, p. m.
Among the most prominent OF the features of the market
is the gold excitement which bids fair produce wide
spread and enduring spirit Of speculation. The mmors
which had reached here from time time OF gold dscov
cries in the newly conquered country of California
received with very general incredibly until the message Of
the President with the accompanying documents only
impaired official stamp of TRUTH but spread food of
light upon the whole matter. The excitement runs
very high, and the numbers who have daily crowded the
Mechanics Bank OF this city get sight of 10 lbs of Cali
ona gold, deposited there merchants account
the interest generally taken in the Nor it
curosity hundreds this and neghborng ports
making arrangements the land merely OF prom
Use, but of performance On Saturday last there
vessels up for the northwest there H. and
steamers and vessels to Chagres These rapidly
filling with goods and passengers Many have gone by
the way OF Chages, but prefer the longer voyage
TO the uncertainty of conveyance across the sthtnus,
of the arrival of the Panama Many others
prefer 10 wait the spring, and the mountains. In all
sections OF the country similar excitement prevails and
if gold is there in abundance, il will lack bold
prsng, and active hands It. Those who go di-
recty however but small portion OF those who take
active interest in the the probable effects of gold in
great abundance freely canvassed in all circles There
those who recalling the exeements that attended the
North Carolina and Virginia discoveries many years
doubt the full realization of the present sangune hopes,
1t will be remembered that in 1901 lump of gold was
brought to the United States mint, weighing II b and
valued at IS 0OO which had been found the land
of Mr. Reid Of North Carolina, Cabirus county In 1885,
1918, another in Mecklenburg county In 1929 others
discovered in Burke county, and muudes of others in
various localities
These mines Of the character those of Cafor
MA Wis oftwo kindsauval deposites surface mines,
and vein mines From time time these mines dis
covered excements gotten up, and the
agant ideas entertained in relation them. Thus Pro-
lessor Olmsed of Yale College, writing in 1884, estimated
the mines AREA of not less than 900 miles.
In 1890, writer stated the number of hands work at
10000 and the annual product So 100000 Great excite
prevailed in Wall street at that me and the
fears INDUCED OF ruin through great abundance of gold
Those mines mostly worked by foreigners with for
egn capital, and the product shipped Paris 1t grad
uay turned out, however, that other empoyments
profitable than gold digging; although person wr
ting from the mines in 1880, says.
'"There less than thirteen different languages
spoken the Mines and men hockng the mines
from all parts, and find ready employment"
1t supposed that only small portion OF the gold
mined the United States mint and that large
sums to Europe 1t also the that Mr.
Bechtler la 1885, branch minis were established at
Dahonega, Georgia and Charlotte, North Caroi-
and has resulted that from 1924 down lSiS ~
yea rs, the mint and branches have received Sl274
say $500 900 per Mr. Bechtler coined also some
S3,0o0000 by his books portion of which in
cuded in that received the mint The United States
census gave the number OF smenghoGses and the
produce in each State for 1889 These, par ed with
the deposes in the year from those States the
minis, follows