The daily union. [volume] (Washington [D.C.]) 1845-1857, 1849-01-18
California,

to its borders but because wish Congress to what
stream is pouring into it, and what necessity there is
for an immediate and effective organization. Scarcely
week of its session should have passed before mint had
been established by law. But what will the world say
10 the wisdom and the patriotism which preside over
their deliberations, if Congress should adjourn the Sd
of March without sufficient government being pro.
yded for the public wants
The London Journals, which have been received by
the last steamer skeptcal about the value of these
gold mines. The London Sun against the
bursting of the bubble 1t dicues the extravagant
counts which have been published II declares that il
impossible not 10 perceive that everything yet is
merely visionary Even the moderate estimates Of
the mineral riches buried in those newly acquired terri
tories bear the stamp OF the most preposerous exaggera
ton" 1t discredits Col Masons official accounts. 1t
admits that seven the gold mines in the interior OF Rus
STA pale in their spendor before the glitlerng earth OF
California" 1t warns against any delusion-and
kindly advises US, that whatever the Americans may
think Of the riches to be derived from the mines of gold
and quicksilver discovered in California they would act
more wisely in observing the admirable results flowing
from the approximation of their commercial system to
the principles of trade than in pursuing the visionary
specula,ions OF new and seductive Ell Dorado"
From the bold and legble statistics given by Pres-
dent Polk in his farewell message, it is clear that the
emolumens arising to the State and the comforts stimuli
taneously enjoyed by the population, in consequence
of the adoption OF reduced and amended tariff, have
exceeded even the most sanguine anticpations Here.
them is solid bottom upon which to build up the 6nan-
cal hopes Of the Union" 1t rings in the cold
lessons of repeated experience and calculating phioso-
ply, when it tells us
employing the undoubted producveness Of the coun-
try Just forfeited by Mexico, and employing that produc-
tveness raonay the United States may ultimately derive
extraordinary advantages from the acquisition But pang
ing wholesale speculation like the dupes OF the South
Sea deuson they only reap the misees of beggary
and embarrassment We the more disposed to insist
upon this, from that the increasing enthusiasm
which is already manifested throughout the United States in
regard the mines of California augury of the expan
sion bubble Formerly the progress of such an expan
sion would have been watched with kind OF jealous salts
faction but now that the of different
becoming every day more and more blended together
can only be observed with pain and anxiety"
One would suppose that there is force in these
prophetic suggestions; but the actual Developments ap-
pear to contradict the skepcisn of the London press
Facts are pouring in upon us which are calculated to
excite the highest hopes and to invite an increasing emf
grafton TO this extraordinary FL Dorado AT all events,
whatever may be the ultimate Of this gold
ure and multiply the multitude who destined to her
coasts The columns of newspapers TEEN with the
names of the departing vessels, the number of their pas
sengers, and the amount of their cargoes We have ex-
tracts from the northern papers upon our table which
it is difficult TO reduce 10 any reasonable compass
The Boston Atlas OF the 18th instant states that the
ship Edward Everett, Captain Smith. for San Francis
co. with the Boston and California Mining and Trading
Company on board got to from this port on Friday
The brig Atta, Baker, with the Plymouth Company left
on Saturday and brig Pauline, Capt French yesterday
both for San Francisco The Pauline recently belonged
to the firm of H. Lincoln & Co., and purchased by
the Bunker Hill Mining Company (Which consists OF
thirty Individually for $4,000 The capital OF the com
pany l5 Ooo including the vessel all of which is paid
in and invested in merchandise for the California trade
They take with them eighteen months provisions The
ploboat Anonyma, Capt. Treadwell, will leave this
port this week for California, with several passengers
and valuable freight The Anonyma is a fastsailer
and Capt Treadwe will get all he can out of her We
understand that the favorite schooner Boston will De
ready to receive her stores Wednesday or Thursday
and will take her departure for the Sacramento, with
about thirty forty passengers via the straits OF Ma
gellan, in the course of the week.
The Newport News says:
"The Nantucket and California Company have held 8
meeting, at which it was decided leave by the first o
March They also agreed fix the shares at $500 each
and continue admit applicants into the company unit
their number shall be increased to- orty beyond which
not deemed expedient togo The Newport and Cali
fornia Company is now filed up, and they are making
preparations sail for this exciting Ell Dorado OF the New
World They number sixty, which is to be the extent o
the company; there twelve applicants who are ex
tremey purchase shares and willing to
hand some bonus for them but they cannot be had a
of the members will sell out, those terms
The company is composed mostly of young, active AM
intelligent men, and will be one of the most valuable il
California
SAT Augusta, Maine, a joint stock company is formin
Tor the purpose OF proceeding California The COMPANY
will be governed by constitution and bylaws and be
der the direction Of president and three directors chosen b.
the members, and consist of than thirty per
sons. 1t is proposed for the company purchase vesse
OF 200 tons, load her with such articles will b.
for the convenience and advantage the members sucl
as building frames. machinery for saw-mi, grist-mll
PROVISIONS NC. Each member on joining the company
Is to pay $500, which will entle him to equal shar
with the others in the profits and income of the pany
" California expedition is organizing in New Bruins
wick. Capt Brewer, experienced sailor, is TO com
mand the ship. Fifty shares of 5000 each to be sold"
Several vessels up at New York, Philadelphia AM
other ports bound for California, besides the passenger
who cross the sthmus OF Panama The New Yorl
Herald gives table Of the vessels and passengers whic
1t had posted 1t states, that from December IA to tn
18th OF January SO vessels, with 2,2l2 passengers
crews had already started go by the way of Cape Horn
1t adds:
The barqne Eugenia, for Vera Cruz, and the Hanie
l. Bartlett fer Chages, have sailed yesterday
each having large parties destined for San Francisco Thu