The daily union. [volume] (Washington [D.C.]) 1845-1857, 1848-12-16
Gold In California;

the able and beautiful letter Of our New York CONNER
ea correspondent which appears in our columns OF tins
morning His letters always valuable, as the produc
ton of one of the first political economists IN the United
States but his number OF this day still more interesting
because principally dedicated to the astonishing dis
covery of the gold pacers in California II presents the
subject in two points of view 1t the public, ii
view Of the mines giving out, against too extravasan
expectations and against the danger of excessive specu
atons though correspondent admits the astonlsh-
ing fertility OF the mines and the brilliant prospects OF
their productive powers But should they correspond TO
the public expectation and continue to yield the precious
metal in immense quantities, he calculates the effect
which such an outpouring would have the value OF
property on the amount of the Importation OF foreign
goods on the increase of the revenues from duties, the
rapid redemption of the public debt the value of the public
stocks and the prices OF annuies The letter, however,
will best explain the character OF its contents and dem
onstrate the ingenuity of our correspondent These let
ers are regularly republshed in each number of ''the
Weekly Union," which we scatter by thousands over
the land.
This gold speculation is the principal topic OF the day,
both in the public papers and in the social circles The
subject discussed and information sought in all qlar-
tes As cur correspondent states vessels constant
Is departing for this Gland not merely of promise, but OF
performance" loaded with passengers and goods. The
las. New York Sun says
.sThe excitement increases, and has become perfectly
intense Thirty vessels from barques OF $50 to ships
oil g00 TONS preparing TO leave this post Such IS the
haste to get the gold that paying SI75 for
passage to ChagreS which is less than halt the distance
Crom Chagres to Panama they undergo the canoe
and mule operation, which, with the hotel at Panama, are
1nonopoized 10y man. who shaves cleaner than bar
Der AT Panama travellers chance for pas
sage 10 San Francisco $500 miles No excitement of
modern times begin 10 compare with this new yellow
ieveevey body is perfectly salow with it, 1t will accom-.
;sh things certain! settle California and make trade
Ls,ter for those who ema home Fifty thousand per
sons will probably leave this city for the gold regions before
July
THE splendid steamer Crescent City, Capt. Stoddard,
has, perceive, mblbed the gold lever! she sails Tor
Chages the 23d inst.
"Anoher expedition to the gold region is forming on
board the shp Apollo foot OF Chambers street, North river,
70 sail in few days. We understand that passengers will
be found with all requisite supplies out and home, and
while at san Francisco for about hundred and fifty
dollars This includes every expense for the whole voyage
Francisco and back New York. and also the priv
llege Of boarding the ship while there, being under.
stood that the ship remain the gold mines for
eralmonths
The last Albany Argus sketches the following further
information OF other movements:
"We have already noticed the embarkaton, at New
York, of company of eighty miners, bound for Cal
Coffin recently cleared from Boston with an assorted cargo
valued S36 900, and something than the usual
complement of Three other vessels fitting out
hat port for the destination, and associations
being orme Tor these expeditions the gold region AT
Plymouth Rock, association is being formed, having the
same destination In New York. it is said that such
degree is the excitement prevailing among the
that they shipping for California at dollar a
month. Soue idea of the state of things may be formed
the that less than eight vessels advertised
to all for Sal
They
"Ships Albany, sherman; Sutton, Ekerman; Massacbu-
ses Samson; Walpole Cutter Orpheus, Freeman Flor.
Bright Chrsovai Colon, Coffin; and brig Levere.
Elliot.
sin addition these which do probably embrace ali
the vessels fitting out, the hmus sails for Chagres, in
conjunction with the Pacific steamers about the 18th met.
and the sthmus is the direct she will
doubleday so fully freighted with gold diggers.
The New York Express states that several ships fast
filing up that port for California the of IS 30
yadvertised ship San Francisco, had had 500 app
cations for passages, mostly young men"
In conneyion with these Statements lay before
readers the following interesting article from the Bos
ton Journal giving further account of the develop
ments in the gold region
And now we ask, with this throngng and excited pop
uaton pouring into that country, and animated by the
strongest passions whether that distant and newly acqulr
ed territory, with all It's variety Of interests, does not
quire prompt and efficient organization OF government
10 regulate its interests and watch It's inhabitants
This is the short session of Congress, and time flies
rapidly 1t IS to be hoped that Congress will act with
pronptness and energy We doubt that they will
establish proper and active government for that
son during the present session for there great danger
OF excitement dssenson, we dare not continue the pic
tuTe OF consequences that may ensue.)
From Journal, Dec. II.
The Gold Fever.
We publish a letter from highly respectable gentle
man IN Monterey, California in relation 10 the gold ie
yer IN that place The writer of the letter has been
long resident of California and has filed an official sta
ton under the United States government;
MONTEREY, California, Aug /, 154S.
DEAR FRIEND: After perusing this long letter, and
viewing the many sudden and singular changes that
have taken place in California within short time, [
nope that you viii readily for not writing 10
you before
will be almost impossible for You to comprehend the
disorder that prevails here in regard to everything
except gold digging. Unsaleabe goods hand in the
year 1916, now sell with astonishing rapdy and there
Is nothing but what hnds ready and quick market II
had sent home ten months ago $4,000 for goods |
should have been able remit the like sum but
instead OF that laid out all my ready cash. and more in
me purchasing OF lands, building OF houses, &c, until
now own twenty leagues of land, one hundred house
l"s and a dozen houses-when, TO my establishment,
N lew short weeks my property not worth
Ihough rich IN one sense, arm mlseraby poor, as my
houses nearly all stand empty, and the of no
income. The OF all this will briefly relate
IN January or February last, some Mormons digging
ml-race for Capt Suffer on the South American fork
80 miles from New HelvetIa found small nuautitv If