Daily Richmond times. [volume] (Richmond, Va.) 1849-1850, 1850-07-26
SUMMARY OF NEWS ON THE PACIFIC.
a.

From the San francisco Herald, June Ill
The news which will be conveyed to the United States
by this steamer is OF abso rbng and painful interest
The disaster that has had laid in ashes the most thru
wing and most wealthy portion OF our cny-tolowing
fast, it does on the footsteps OF the fire Of 4th of
Mays the latest, as it is by tar the most important
item of Intelligence. 1t will no doubt excite good
deal OF surprise, that the business OF the city
tain SO many severe shocks without being wholly
prostrated indeed I'VE doubt if such manifold disasters
could have been well borne in any other city 10 the
world We rejoice to be able to state that the enter
prise of our citizens, although has received severe
check by the tire OF Friday last. has, nevertheless, not
succumbed beneath the misfortune In passing through
the still blazing Streets one hour and hall after the
fire had been subdued, carpenters busy en-
poyed re-ayng the foundation OF building that had
been torn down but two hours betore and various
tracts have buildings Immediately erected. had been
even then concluded, by some OF those who suffered
heavily by the tlre-so ndetatgable is the enterprise
of our people, 1t will be seen by the report OF meet
ing in another column, that there is determined ef
fort being made to prevent the recurrence OF such
awful calamity, AreSlan wells will be sunk, reser
voirs constructed, hook and ladder and engine COM
panies have been organized by some OF our most
tive and energetic young men, and it is most certain
that no means Will be left unred to preserve the city
in future from such overwhelming misfortune. 1t can
not however, be concealed that the losses consequent
on this fire will exercise a most depressing Influence
on business operations Tor some time to come
The Intelligence from the mines IS OF such nature
as to prove that there will be greater quantity OF gold
dug out this summer than ever before. We scarcely
know which valley, the San Joaquin the Sacrament
to, has out the richest specimens bu. the gold
comes from both regions in sufficient quantities prove
that there was but little extravaganza 10 the assertion
that the is nexhaustbe, 1t has been found too, as
far north Oregon, and far south the mountains
near Los Angeles. There appears to be a ridge of
old-bearing quartz running the whole length OF the
country almost north and south. The ore has been
found richer i'll the mountains OF Los Angeles than
even in the mines OF Mariposa We have seen large
masses from both localities
1t will be seen by our commercial report, that busi
has been dropping for some time past in all our
principal cities. In Stockton the merchants ascribe
this depression. in some measure, to the operation OF
the law requiring foreigners purchase licenses The
law was, as might be expected extremely unpopular
at first among that class OF mners lattery they have
become more reconced to its operation, and have. in
Our readers in the United States will be interested 10
the position recently assumed by the people OF San Fran
cisco in relation 30 the acts of their rulers. 1t will be