The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-01-31
since my last report,

0lv10o00 1n8r0D
payable which caused the reduction Of price on that
and following days.
A report current, and very generally credited at
the Boarse Yesterday, that the government intend
ceived assurance that they would do the same,
provided France would set the example, has much
tended TO give firmness to the market; and
should this report prove true, and the dissolution
OF the Assembly take place without any manifes-
tation or serious disturbance, we think that fu-
ture Is opening the market, of security and pros
perity
The reports from some of the manufacturing
and commercial towns are better. From Havre,
learn that the trade In cotton and sugar Is re-
viving, and that some considerable shipments
have lately been made.
The steamer United States, Captain Hackstaff,
which left for New York ON the 9Th, took out fifty
passengers, and also probably the richest cargo
which ever left Havre, as 1t amounted In value to
no less than ten to twelve millions Of francs The
freight came to upwards OF 81 900 dollars.
From other parts OF the country the accounts are
not so insprlting. Accounts from Lyons say that
trade Is still very dull there, in consequence Of the
doubts that exist as to the state Of things general
ly, and the bad disposition of a portion of the
working population, who have their minds poison.
ed by socialist publications. The best foremen in
the manufactures are stated to have emlgrated to
Piedmont, Holland, and England.
On The whole, VIC are lar from recovered, In
deed, hardly yet recovering, from the effects Of the
revolution
The Effect OF the California Geld News In
EuroPe-The Organization OF Mining As
AOciaii0ns In England.
From the London Times, January
There seems no longer any doubt that We are now
about to witnsss on grander scale, and with many
covery Of the silver mines Of Potos and Zscca and
soon after, Of the quicksilver mine Of Guancabsica
extensive changes in both the new and old world Up to
time the precious metals brought into Spain
chiefly ,he produce Of pundsr and taxation AT that
to leave tho fertile plains Of Mexico and Peru rein
quh agriculture and the other useful arts which 1t
had attempted to introduce and crowd sterile and
iphospsble Districts where Of the largest cities
Of South and Central America were situated. Up to
tho end Of the last was computed that the
quantity OF gold and silver regularly entered into the
ports OF Spain from the discovery Of America in 14o2
was equal in value to Ga 100000 . year, and 1t has
been even contended that ~ much more came In
trsesnd This would amount to near "a 2oo 100000
In three centuries. Spain has resped the least
precious portion Of this harvest BY the monopoly Of
cured the carrying trade but thereby restricted that
and to the mines the enterprise of her subjects Since
that day her agriculture and have equally
declined. Whether by peace by war; she distributed
her wealth over Europe fostering arts which NJ that
Inn sns osspssd The metallic torrent passed through
the Low Countries. Epglsnd, and other nations have
derived more advantage from the mines and ports Of
Spanish America, than they who alone permitted
to work the Moreover that sudden tide Of annual
wealth cursed ~ It In s origin with the blood of
cru. and policy Som. 20 ss. mo ns,
OF her treasure scattered to the winds. The United
states ere NOT likely to commit the dreadful series Of
errors through which Spain grasped the shadow and
lost the substance Of her power At the same time
cannot but degree Of danger in the pros
pect Of vastly increased wealth. Of Speculation With
drawn from usefu arts and especially of quasi colo.
NAL region, exclusively devoted to the Of
metallic wealth II IL evident there win be an i'm.
mense diversion Of labor, Of capital Of shipping of
food, and manufactures, TO the western coast In
every way this viii be relief to Ne and the states
also Themselves Our emigrants will find little more
room when they land. Our shipownsrs, farmers, and
manufacturers viii suffer little less compstion The
that California may sooD contain million gold hunt
Ing settlers Assuming the truth the scoou nts and
the soundpess Of the calculations which there seems
no to doubt II will be long bsfors a. average
days work will produce lee. than dsllsr day TIL
IL sinks below that psint, IL will continue to attract
new settlsrs. A hundred thousand men eolsctins
dollar day-the present average ie stated to be