The daily union. [volume] (Washington [D.C.]) 1845-1857, 1850-12-11

Every steamer that arrives in port is like another Ar
gonau charged with the golden fleece. II is this species
OF cargo which probably gave rise 10 the beautiful clas-
steal fable Week after week they continue to arrive
with gold dust or ore, to be stamped in our minis with
the embems OF country. The last OF these steamers
(he Empire City, arrived at New York Sunday with
three millions OF gold dust We have received late jour
nails from California From one of these-the weekly
Placer Tines printed at Sacramento city the 2sth OF
Ocober-we extract two articles Of considerable interest
to those who already in that FL Dorado, or are about
to try their fortunes in that distant land ~ 3i
From the Placer Times.
VALUE OF GOLD DusT-As incident to the admission OF
California, aud consequence likely TO take place soon
win in reality place in the hands Of the miners thousands
oil dollars which have gone TO the shipper in the form OF
profits $50
Besides the continual shipments OF dust have had the
effect create an unnatural state OF affairs in the finances
OF California. Bat this not likely continue The
establishment Of mint win at enhance the value OF
dust some ten per cent, or more Dust which is now
selling for go per ounce will bring from s7 so ss and
where IL is very clean. more. This will make a
great revolution in our financial affairs, and add to the
The profits realized upon shipments OF dust have gen
orally gone 10 heavy capitalists, but few OF whom can
really be cassed amongst our permanent ctzens Agen-
ees have been established BY many Of the largest bank
ing house OF Europe transact The business, and they
have thus far been able 10 control IL s9.56sl ~ ~
THERE'S no reason why our citizens should not receive
in coin the real value OF the dust, instead OF giving 10
the Speculation ten or twelve per cent It's valuation.
We have been in reality giving TO the purchaser from
one dollar and ahaf to two dollars Tor taking gold
and getting IN return nothing but god. H4aI
The legislative authorities OF California rade at
tempt 10 place gold at its true value but the moneyed
aenee was 80 great that they Were unable to accomplish
advance, and California will be placed upon an equality
with the Atlantic States. fal1. IVY 56nt "A
With those who return TO the States with their accu
m al ear fUa kp4 lint
the price paid here for dust but with those who pay
out here il makes vast difference The aforementioned
class obtain but $40, whereas the other class
SIS, Il is not alone the actual loss upon the dust Of
which speak-t is the withdrawal from circulation oil
large amount Of gold which would remain were i taken
here Tor its real value But this for complaint will
be remeded and those OF us who pay their dust fol
property here will be allowed its full valuation.
Persons EMPLOYED IN MISISo.--It is very diticult al
the present time TO collect information a. 10 the product
iveness Of the various mines OF California Even the
number OF persons employed upon the various rivers
but to n limited extent known. Those who have
travelled extensively through the country and explored
course can form very correct conclusions But there
are comparatively few who have done this Mos
miners have but partially explored the country, and
even those who have made extensive examinations have
felt but little inclination TO convey the information &C.
Eqnired 10 others For this the more willingly
lay the estimates which we below before read
ers believing, although they somewhat imperfect
that they will be OF to those who have not had the
leisure or inclination to make thorough examinations
The estimates which we give include the mining re-
glon from Feather river, upon the morrill, Costumes
upon the south, which contains at least two-thirds oil
all the miners employed in the country. sl
The mining region upon Feather river commences
below the foothills OF the mountains, some thirty miles
from Marysvile and extends back upon the mountains
Tor something like eighty niles There are probably not
less Than 1900 persons at work upon this river. The
most productive portions the past have been in
the foot-hilla and high upon the South Fork OF the
river Is the general impression that the sum averaged
by miners upon this river has been about six dollars PEI
dayto the man. This, allowing twenty -four working
days 10 the month, would give for i've months, (as
much probably most Of the miners will labor during
the mining season. for each miner, $40 per month"; and