The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-04-19

- suy remarks relative TO the receipts Of California
sssS We nave an along ssscrted that the reported
ssipts were very much exagserAted that nothing like
~ amount Of gold reported board the stea>ers
Asn saa Enneisoo The reports from the mints com
'Rns the truth Of our statements. 1t appears that
~ total Eeeipts ct the Phis dephi mint, Of gold
broasht by the steamers Cherokee, Empire City,
ossrgis, Ae, were less than one and half
millions Of dollars ($1.400oo0) According TO the
ysts from ofthe and pas
SINGERS these vessels brought about 100000 Of dollars
whereas the aggregate must in reality have been less
than two mloos Of dollars According TO the reports,
tAs receipts Of California gold into the United States
since the movement fret commenced, must have been
than thirty millions Of dollars, whereas the actual
receipts have been less than fifteen millions Thousands
Of snigrants shores have been innasnsed BY
these sxtravsgant accounts ofgod much OF
Ne Distress which most Of them arc destined to expert
sns<, win bs no result Of the impetus given to emil
grafton by these false stories Of gold shipments But
for these exaggerated accounts the emigration would
have been more moderate and more healthy, and the
rseut less DISASTROUS The effect Of these accounts at
the West IL very great, and win prove very ruinous
Some Of the new states viii be nearly depopulated,
the spirit OF emigration Is not arrested in some
way. Farmers mortgage their farms for as much
- they can GET and then pack mp their traps
1Or the overland route to California. This has
already been carried to such extent that the
yreaustion Of grain and other things at the West,
win be much reduced the present year That class of
snigrants carry . large amount of money with them
cut Of the country, and many Of them leave debts be-
hind them unpaid. The country merchant feels this
state Of things very sensbly he finds his customers
rapidly leaving him. in arrears, and he finds impos
s;ble to meet his payments to the merchant in the
city He pays less and buys less; and the result Is
that instead Of extensive spring business 1t has
thus far been only moderate and not at all profitable
st that. Every engaged in trade is complaining
and well they may Having laid in large stocks Of
goods in anticipation of active demand 1t appears
plain that they must either be carried through the
summer, or forced upon the market through the auc
tion houses at enormous sacrifices The result OF all
this viii be universal burst up from end Of the
country to the other and in about year the tide Of
emigration will set stronger from CALIFORNIA; than it
ever has yet to that point. But small portion of
the enormous shipments of merchandise from all
parts Of the United States to California dur
ing the past eighteen months have been paid for
and II s very doubtful the bulk Of them paid
for at any price The mines Of California have been
worked two full seasons and the dggers have averaged
N plumbers from i've to nifty thousand, and all have
received thus far less than fifteen millions Of dollars
More than this has been mined and carried away but
most Of the merchandise and provisions consumed and
their way TO Oalfornla went rom the ports OF the
Atlantic, and the payments made must bring the gold
here or the amount OF gold thus far received less
than quarter has been In payment for goods Most
Of Il has been sent home, in small sums, to the hmi-
Mes Of emigrsnts; q portion Of 1t has been brought
here by the diggers themselves; another portion In
return for coin sent out for the purchase Of dust
and little, very little, on account Of goods sold
Thousands Of merchants In this and other cities Of the
Union, at this moment much embarrassed In their
financial affairs BY the investments made in shipments
Of merchandise TO California; and, II tight money
market comes, a. We anticipate, there viii be much
commercial distress experienced during the next
twelve months Every thing depends upon what Cali
Ssrna turns out this year Hundreds Of spectators
have eft shores within the past x months where
digger has gone and, the product Of gold Ia
greater than was the last year, may look for the
collapse time In the fall
The wabash and Bhe Canal is now open TO Terre
Haute Indiana, $40 miles from Toledo, and business
has commenced on It, It will be open to Point Com
neree, a miles below Terrc Haute on the LIST of Msy
A. recent meeting Of the Indiana bondholders for
the purpose Of eecng trustees Of the wabash and
Canal Charles Butler, ESQ, Of this city, unani-
nous,y reelected resident trustee, and Thomas
Do~ling Esq o. ferre Hsue resident trustee In tho
place Of Colonel Thomas ii. Blake, deceased