The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-12-26

By the arrival OF tie splendid steamship Empire
City, at tins port, yesterday, we received two
weeks later intelligence from California and the
gold diqpings, being 10 the 18th Of November.
Soon alter that vessel reached her dock, We
published the news in an extra; and our read
srs viii find the whole of it in detail, as well
as some interesting letters from correspondents
In that distant region, in our columns to-day. Gold
dust il appears, as plentiful ever in the dig
einas, but the rainy season had commenced, and
mining operations were consequently suspended,
10 great extent.
A very interesting feature Of the intelligence by
this arrival, is the election which took place on the
tenth Of November, the result Of which, as far as
il was ascertained at the sailing OF the steamer,
leaves no doubt OF the ratification, by the people, OF
the State constitution which was formed by the
convention elected for framing that instrument
some time since. The democratic party seems TO
be in the ascendant in California; and although II
was not certain which party succeeded in electlng
Their candidates, the probability is that Peter H.
Burnett was elected by the democrats as Cover
nor, and John Me ougal as Lieutenant Governor.
1t is also highly probable that the Hon I. Butler
King Of Georgia, who resigned his seat in the
House of Representatives short time since, for
the purpose of running as Senator from California,
will not be elected, because il was manifest that
the democrats would have large majority IN the
State Legislature THIS Is disappointment which
We expect Mr. King did not anticipate. The
chances were in favor Of Lieut. Col. Fremont,
Nj Benton's son-in-law, and gentleman OF the
name Of William McKendree Gwn, formerly a
member of Congress from the State of Mississippi.
On the whole. the news by THIS arrival Is lmpor-
tant and interesting in every point OF view, espe-
cally commercially The general character OF
the intelligence, together with the arrival here Oh
20 many adventures, possessing greater or less
amount Of the precious dust with which that re-
glon abounds, will have their effects Those adj
venuIers will distribute themselves among the
several communities TO which they respectively
belong, and the Information which will be impaired
by them, will create Il mania Tor emgauon-as
great or greater than what has yet been exhibited.
The rush will not be great until sprng-uniil The
rainy season is nearly over, but when that time az
rive., we are prepared to see nextyear uernen-
dous emigration ihither.
All those movements IN California will, as We
have maintained from tie beginning, icnd 10 pro-
duce complete revolution IN the commerce otthe
whole weird, BY diyertug il from The passage
around the Cape Of Good Hope aId Cape Horn,
through the several routes that are being under
taken ia Central America, 10 connect the Auan-
tic aud Pacific oceans. Each successive arrival
renders the construction OF such communications
more necessary, and warrants their compile
ton, al os early a date as possible, the more GER
tam Every one begins now TO have iull faith IA
the establishment Of mighty commercial empire OF
boundless extent the Pacific coast lt seems to be
aset,, idea. Already the trade between the Atan-
&c and the new empire the Pacific requires and
employs a greater number OF steamers than is EN-
plsyed by our commerce with Europe. The mercan-
tile communicated confident Of California attaining
tins eminence. and hence they have embarked IN
the new trade with all their energies American
enterprise will no, be satisfied with thc long and
edious route TIA Cape Horn Il vii seek easier
and more expeditions channels, and these chan
nels must be opened There is nothing to prevent
being done. The dispute between the United
States and Great Britain on the Nicaragua qucs-
ton, is in a fair way Of being peaceably and ami
caby settled, and nc impeachment exists IN the way
# commencing at once the construction Of snip
canal through that Siate--on the principle Of it,
beng free to the commerce Of the whole world
no one nation having preference over another
The last intelligence from California, the grow.
ing trade with that distant State, end the gorgeous
prospect before Us, Will give impetus to the un-
dertaking, which will soon give evidence Of is
workings. When that new channel is opened,
the carrying trade, and the whole course Of
commerce, will undergo q revolution. The
United States will take rank as the 6rsi CONNER
cal nation in the world. New York viii then
occupy the position which Londca now holdsthe
central seat Of the money power-and all CONNER.
ei al countries must pay US tribute, more or less.
Truly the prospect Is most brilliant and dazzling
Ths. progress which we have made withia the last
ten Y. ars, will be a. nothing 10 what We will make
in the heHi FIVE succeeding the opening Of those
commuu. cations with the Pacific. Congress. how
ever, muft be Up ADD dong. Unless our vast Ter.
ntones On she Pacific are organized, with rsa-
sontbe bounoAres, into States and Territories,
an those great principles Of compromise and COM
ciliaiion ca which The Union Itself was founded
in lis7 10 IL impossible 10 reSlile the vast pros