The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-01-22

duced BY the influx annually of a hundred mil
lions Of pure gold throughout the commercial
world, and particularly in this country and Eu.
rope. Such vast addition to the gold currency
OF the world will at once disturb the prices and
value Of all productions and merchandise, to
similar extent to that which we see IN Monterey
and San Francisco. The prices OF every commo-
dity will, therefore, rise xtravagsnty during the
next few years, according to the produce Of gold
from that region. Now, in rising market,
everything prospers-every one gets rich, civili-
zation expands, industry increases, and all or
ders of society are benefited As soon as
the first crop of gold from California reaches
New York., the impulse which it will give
to commercial enterprise, and the advance in the
Pice of everything which 1t will cause, will be
tremendous. The bank currency will be expanl.
ed for the basis will be abundant; real estate will
increase IN value, agricultural productions and
agricultural labor will advance at once, ten, fifteen
twenty, thirty, or forty per cent-even to great
an extent. perhaps, as was witnessed when the do
maad came from Ireland for the food of this coun-
try to feed the starving lrlsh New York and her
sister cities will be the centre of all those revou-
tionary movements which are certain to spring
from the gold productions of California, on the
commerce of the whole civilized world. Ship
building will increase in value, steamboats, will be
wanted the railroads projected across the Isthmus
In various places in Mexico and Central America.
will be all pushed to completion; and we would
not be surprised to see an active attempt made,
under the auspices of the federal government, to
construct railroad across the continent, through
the South Pass, from st. Louis, or some other
point on the Mississippi, to San Francisco. The
discovery Of these great gold mines will no doubt
form the agent of the greatest revolution IN the
commercial centres Of the world, and the civil
ization of the human race, that has ever taken
place since the first dawn of history.
These are our views, carefully deduced from
common sense, and the ordinary facts recorded Ia
history, well as developing Themselves in Cali
fornia. Are they extravagant?-are they fanciful?
We don't think they are. We think we talk So
berry, rellglousy, and quietly. New York will
henceforth, from it's position to the Pacific and
Atlantic oceans, probably IN less than quarter OF
century, present population greater than that OF
Paris, and display evidences OF wealth, grandeur,
magnI6cence, and industry, to an equal, if not
greater, degree, than what we see in London
at this day. We expect that in the next
twenty-five years, we shall make az rapid
a march In this metropolis, and IN the neigh
boring cities, az any CITY has done during
the last twenty five centuries There Is no neces-
sity for all going to California. Those who re-
main, and will raise produce, manufacture goods,
build ships, construct steam engines, and advance
the fine arts, will enjoy the benefits Of those dis
coveres to as great an extent as those who &c to
the Sacramento to dig tor gold. All the results OF
the labors of those diggers must come to this me-
tropois, swell Its m agnIfcence, and Increase the
intensity of its action in commercial affairs Even
IN political point of view, the discovery of these
wonderful gold mines In California, under the gov
ernmentof the United States, will have wonderful
and astounding effect. We would not be surprised
to see, In a short time, all the old provinces OF
Mexico, as far as the Isthmus of Darisn, knocking
for admission into this Union; while on the other
side. the British provinces of Canada, and even
praying to be let ID at the same time, and be per-
united to enjoy some of the vast advantages, and
participate little IN the energy, which this vast
confederacy will exhibit to the tonished world.
When Col Mason, and the government officers
and troops in that iregion-when, also, Col. Ste
venson, formerly of this city, and the youthful
men who accompanied him, return to New York,
and exhibit their thousands, tens of thousands,
and hundreds Of thousands OF dollars, as we ex-
pect they will do in less than year, these won
de rful facts and discoveries will produce their
natural and legitimate impressions on the public
! mind. Wait and see! ,a
IMPORTANT CHARGES OF JUDaRs AND VRRDTcTs
OF JuRIKs.-Two important charges have recently
been delivered by two of our local judges, and two
verdcts, or rather one, for in the other case the
jury could notagree. have been rendered by different
uries, which have attracted great deal Of attention
in this community. We allude, first, to the charge
delivered by Judge DAILY, in the Court OF Sessions,
IN the case of Mary Fowler, indicted for keeping
| disorderly house, but in which no verdict was
| rendered, in consequence OF tine disagreement Of
the jury and, secondly, to the charge of Judge
Oakley, In the libel case against Moses Y. Beach,
which resulted In verdict OF ten thousand dollars
against the defendant.
In consequence OF the change IN the constitution
OF the State of New York, by which the judges
are elected by the people, it may be expected that
their judicial acts will be hereafter more scru-
tinized than they were before, and, fact, become
more than ever subjects of popular discussion
among people Of intelligence. Judge Days
charge has received great deal OF condemnation,
In consequence Of his stating some peculiar cir
cumstances which surround certain descriptions OF
society in this large metropolis, and the difficulty
of controlling the dIsreputabe portion of society
by any species of legislation or by any dlsnct
ton Of courts and Juries. No doubt can exist of
the absolute historical truth OF the views presented
by Judge DAILY but it was questionable policy in
him, occupying the position which he does, to adj
nit such view Of existing facts In his charge.
His best course, and the most popular one, would
have been 10 have assumed the EXTREMIST moral