Daily Richmond times. [volume] (Richmond, Va.) 1849-1850, 1849-10-23


scrpton in Augusta county, to the proposed macadaml
lied road between Buchanan and Stanton They state
that subscription of $50 600 necessary before the COM
pany be organized as locate the road and that
about $4,000 $2S 600 has been procured. The Lex
mgton Gazette however, says the authorizes the
ganization othe company with subscription 5000
By ryder to the act, adopted in the Senate it prov-
ded
THAT there shall he subscription made under this
act by the Board OF public works. in behalf OF the
monweatl, until three-ouhs OF two-fhs OF the of
100000 shall have been made and secured to be paid by
individuals solvent and fully able pay" $4,000 being
the two-tlhs and $4,000 the three tous of that sum;
consequently subscription be obtained from the
State until the sum OF 900 is subscribed by individuals
There seems usual, tobe some difficulty about the
route Of the road. Some want the "Greenvie route and
others the "Mddlebrook route" The commissioners in
| yite the parties 10 bid against each other.
A San francisco correspondent of the New York
Evening Post assuming that Mr. Thomas Butler King of
Georgia 'was sent out by the Government for the pur-
pose of making survey OF the mining district
that he will present report representing hat hun
dred thousand men cannot exhaust the gold ina hun
d,ed gears; that extends eight hundred square
miles OF territory and that the richness of the dggngs
will necessarily the building up OF San Francisco
within five years to population larger than New York
city"
day ortwot to gentleman, who related it to But
in his report he will probably carefully avoid saying any
thing OF the immense toll and great sacrifice OF life"
gentleman who has read the report about be made
cfaracerlzes it as superficial and wholly unworthy of the
country. The result, however, will be that thousands
upon thousands will rush here and as large portion
OF them will not soon get means to return, will be sure
mode OF populatng the country Symptoms of this state
Of things already exist have had repeated offers Of the
services OF respectable young men-aw students and
Others, for their board and one dollar day.
Business here is already overdone There are too
many sellers and too few buyers too many goods for the
number OF consumers and the result far gradual re-
ducton OF profsand the final result will probably be
within year, blow-up which which will scatter about
half of those business here to the four winds and
reduce rents and real estate to comparatively moderate
rate.
Nothing will probably avert this but the effect OF such
reports as SENATOR king proposes to send home which
may cause few months deay-but the end must come,
Sucf is The general opinion here"
will strike the reader that the feelings of this cores
pondent had very probably been exacerbaed by his own
msadvenures. Without questioning the accuracy OF the
information he gives Mr. Kings estimate of the cha
raeter of the gold region (Which he himself admits will
notncude perhaps, single staement) we
may well question the business of his deprecatng commen
tary upon Mr. Kings expected representations iii be
that! the extent OF the gold depostes correctly described
in the expression that hundred thousand could
not exhaust 1t IN century, certainly the hardshps
tered in mining furnish why the fact should
be stated in auhent ic manner TO the Government
And we suspect it will be found that Mr. King has used
proper precautions to prevent the astonishing truth from
leading the minimizing into runous enterprises Indeed
quite confident that Mr. Kings report will not be
apt to produce undue impressions of the facilities of
acquiring wealth in California than the very sober letter.
written by gentleman who accompanied Gen. Smith on
his tour to the mining district which we copied Saturday
from the National lntelgencer.
The New York Express, quoting the above extracts
from the letter to the Evening Post, remarks:
"TheIe is doubt that the California bubble will burst
long, the prejudice of thousands not the hundreds
ton. And yet it hard to believe the reaction is already
begun as the Posts eer-w1iter asserts Accounts from
nearly every other source say nothing OF respectable
young men hiring out Tor dollar day."
NORTH CAROLINA CENTRAL RAILROAD
AND DEEDS.
AT the Internal Improvement Association of w AXE coun.
ty held the LIST instant Raleigh addresses in behalf of
the Central Railroad were made by Ex Governors More
head and Swain, and other gentlemen and the following
subscriptions to Stock in the road We're made: Elk. Gov
Morehead, $4,000; Ex-Gov, Swain, $4,000; C. L.
Hinton $4,000; DR.. J. o. Watson, $4,000; VIM. Bow
LAM $4,000; John d. Hawkins, $40 900 others 81 900
Total SCI 900.
One hundred thousand dollars have been subscribed a
the Central Railroad in Davidson county, says the Sasn
ry Waterman /; and if that is not enough the subscA
will give more
In relation to this enterprise, the Raleigh Req
"Ihe late large subscription Of the patriotc<
DAVIDSON and the recent enthusiastic meetings in In
seem to have impaired fresh impetus the friends
enterprise Much o! the feeling favor of the proceed
and that feeling hourly becoming deeper and stronger
the hearts and convictions of the people-Wil very pro-
badly be held in allegiance until the meeting of the Com
venton which is to assemble in Greensborough in No
vember. But there be doubt that the cause is con-
stantly gaining active friends and confidently cal
cuate after the deliberations OF the anticipated Conven
ton shall have been made known and upon assurance of
The indications meanwhile, on the prompt and immediate
raising OF the necessary amount OF subscription"
LETTER FROM GENERAL TAYLOR To MAYOR Woop-
HULL-Ihe following copy OF letter addressed by
the President his Honor Mayor Woodruff in reply 10
letter from the Mayor to the Secretary OF State renew
ing the invitation the President New ork this
season II now appears that General Taylor has definite
ly postponed ms visit until next year;
WASHINGTON, Oct I6, 40
SIRYour letter to the Secretary Of State renewing the
invitation formerly extended me visit the city of New
ork has been duly submitted Until few DAYS since il
was my expectation still to visit New DIRK and New Eng
land during the present season but the increased duties in
ciden to the approach OF session of Congress have com
need not say how much regret the necessity of foego-
ing tie great satisfaction which would have derived from
minglmg with my fellow citizens of New Y ork but shall
not Tail TO visit them my life and health be spared
With my best thanks for Your friendly invitation. re-
main, with high respect,
Your friend and obedent servant,
4, TAYLOR
His Honor C. S. WooDHuLI Mayor of New York
tits estimated thai there have been built in the United
States from the 1924 to the year 1913 1910 steam
boats. The present rate OF steamboat building about
two bundled per annum
appointment By the Goeernor of Ynginia.