The Arkansas banner., 1849-05-22
Interesting News from California.
re Cold Lsgends Fsily Conffmed-The DeieniiO e(tGe CaIitoyaia and Deserfion of her Cyes. @e.

fl. Cold Lsaends Fslv Conffrned-The Deisntioa
 sfAe CdIitornis, and Deserfion of her Cyec. 3c.
 By the arrival of the ship Tyrone from Vera Cruz
 ,,huye authentic accounts from San Francisco to
 inc 7th of March. The annexed letter was brought t.wn from San Francisco to Mazatlan by Mr. Par
 t who lately went 10 California as bearer of de- catches. 1t will be seen that the steamship Cali
 sraia has been entirely deserted by her crew, which accounts Tor her noa-arriva at Panama
 Bal VIC need not anticipate the letters which we
 now append, and for which we are indebted to the csartesy of MT. Clifford, of the house of Clifford & tar, of this city, to whom they were addressed by hs partner, MT. Andrew Carr. Mir. Carr went up lcm the lsthmus in the Califoyn nia and our reader saye been indebted to him for much valuable in- srmation from the lsthmus from Acapulco and aazsllan; but the following letter will be found yet 1ore vaIuahle.-PH.
 SaN FRANcIsco. Ma1eh 2, lS49.
 have the pleasure to advise our safe arrival at his place the 2Sth ult., after tedious passage oftwenty- eight days from Panama. We were de- hned nearly week at Monterey, about ninety niles below this, in consequence of being short of fuel; after taking on board twenty cords of wood, se arrived here with about two hours supply of iIel on hand.
 have been on shore but short time, ana am heartily surprised with everything that see. Specu I,iOn of all kinds is rife, aHd exceeds anything sser witnessed in Mississippi in the palmy days Of 56 and '. Town lots are held st the most exhor- siani prices, and every Iot-holder is worth from fhy to two hundred and fifty thousand dollars. bave yet had no means of ascertainng the state of affairs generally, as was prevented going on shore yestsrday in couseq qHence of a severe cold. but got but believe that there is unnatural and fcti- toas value placed on everything, which will soon ; corrected. Merchandise and labor are extraer- c!nariy high.
 In relation to the mines. there is unquestionably an abundant supply of gold, and it is continually discovered in places. The gold region is now beleved to extend down as low as Lower California.
 There two or three firms who monopoize the business of the place, whose original employment vas selling their goods by retail to the natives, and taking their pay in tallow and hides--the former shipped 10 the United States, and the latter 10 Val Parldso. Since the fever broke out they have used their money in speculation and buying goods from vesse's, which arrive in abu adance, from Mexico Chii, Peru, the Sandwich Islands, Nc, &c
 The steamer will be detained here mouth, and perhaps six weeks, for a supply or gold.
 There are not houses enough to contain as in the town, and shall camp out in the neighborhood with some friends who came on the steamer. Some few buildings are going up, but very few, car pehlers' wages are eight to tea dollars per day. an writing this in tde cold, and my fingers fairly sehe. The rainy season, accompanied with cold, camp weather, will continue sone weeks. This has een the severest winter, however for wears in this country. The rains have been heavy, and the com nancation, with ssme parts of the money region CT, off. It will yet be a month before parties can cave this place with safety, owing to thesnow and nad.
 have some doubts whether the present town of san Francisco will continue 10 be the place of busi- cess. It is situated few miles from the entrance of the harbor on the side of hill, but the great ooecion 10 it, as place of business, is that vessels e1unot approach under quarter te half mile of the city, owing to fat which makes off directly in front of il. Vessels are consequently obliged to be llgheened, and the goods agaa to be shipped up the bay into the interior. There are other sites up the bay more suitable, and should not be sur pfsed to see an attempt made to change the port. At present town lets arc worth, in San Francisco, s5,000 ,o S20, 900 each.
 have no opportunity 10 wrie to others. was called out of bed st very early hour and informed that had ha6 an hour 10 write by Mir. Parroit, who leaves this morning for Mazailan, and who would take charge of my letter. l have written you from Panama repeatediy; also from Acapulco and Mazatian. though 1 think it doubtful whether my letters have been received. My general health is good. Our party. consisting of Frazer, Winston and Dacros, are all we'll Yours, truiy, a.G.