The New York herald., 1850-04-15
amount Withdrawn from warehouse during the same
Eovnrsrs n FoRne~ DAY aoors
sl,7G.s2.a2


The importa tions for several weeks past have been
immense, and the payments ut the custom house. on
account Of duties. have been very large The amount
deposit in the hands Of the Assistant Treasurer at
thc close OF business yesterday 43 81 This
sum nearly large previous to the payment OF
the instalment account Of the Mexican indemnity
and the probability Is that before the lapse Of many
Gays the government deposits will exceed i've millions
Of dollars While foreign merchandise Of all kinds is
pouring into ports and the government Is absorb
ing large amount of floating capital in the way Of
duties, domestic trade is rapidly falling off Large
stocks Of goods have been laid in and preparation
made for an extensive trade but thus far all have been
disappointed. The demand for goods from the interior
Il limited, and the country merchants pay up very
poorly. Every complains, and the prospect is
gloomy enough The imports for sometime past have
been at the rate Of ten millions per month At this
Sate for months the aggregate would be seventy
millions Of dollars to pay which have nothing but
cotton, and very little Of that Only about 100000
bales Of cotton remain to be shipped which, at $50 per
hale, emounts to s15O0o00o, leaving q balance Of
3o000000 to be paid by expectation Of specie
stocks to be suspended until the next crop of cot
ton is ready to go forward-next October There may
Be paid with tobacco, rice &C. say, millions OF
dollars (7000o00) leaving nearly fifty millions unpro
vided for. There is demand in Europe for our
Areadstuns, and there is not likely to be any this
year We have anticipated large portion Of our next
crop Of cotton in excessive importations and il
the debt cannot be carried forward until that crop
tures, must submit to great drain of specie
large remittsnces of government and State stocks.
II is estimated that between three and four hun
dred thousand dollars Of United States 6's Penn
sylvania SIS, and other public stocks win go out in
the Europa on Wednesday. We know Of one lot Of
100000 Of Pennsylvania 5's going out to draw
against, and it doubt will be very profitable re-
mittancc. Exchange Is advancing, and the rates will
range specie points Large remittsnees OF pub
lie aoc Ks may enable to hold to the bulk Of
California gold but If prices abroad will not permit
sending out stocks, banks will have to dsgorge
We have been going ahead too fast in everything,
in our port trade and in the California business The
exaggerated accounts Of gold receipts from California
have given great impulse to emigration TO that coun-
try The moral effect Of the reports which, from time
TO time reach from the gold mines Of California is
bad and the result of the movements now going on
must be injurious to the best interests Of the country
at large, and particularly fatal to the progress and
prosperity Of the city Of New York An enormous
emigration to California Is going from the western
States. The bone and sinew Of Illinois, Iowa wscon-
sin and Missouri taking the overland route to the
I'll Dorado Of America. and the population Of these
States WILL in another year. be sensbly reduced The
effect of this upon the value of landed property at the
10 fit out the Thousands of expeditions contemplated
ths season prevents payments being made Of old debts
and the merchant finds his restricted and
his ability to quidate his liabilities very much Grip
pied In return this affects tho city trade, and
through sll the ramifcations OF business The gold
We have, and shall receive from california, during
the next three or Eve years, will not make up the
loss already realized by the immense emigration TO
California. We have yet, hardly felt the effect Of
such drain upon our resources, but the time Is
not FAR distant when IL will fall with crushing might
upon all classes. Ihe great want of this country Is
labor and we cannot spare single pair OF hands,
ffom the cultivation Of the soil the basis Of all
our prosperity from any other producing pursuit,
and another year. may feel, i'm the decrease in
crops, the effect Of such q general abandonment Of
farms in the states Of the West IL Is estimated
that at least hundred thousand people will leave
the West this year, for California by the overland
route. Good farms will be cheap enough in Illinois,
Iowa and Wisconsin, for time, and those who
escape the California fever. will have fine opportuni-
tics to locate themselves land partially i'm
proved, at low prices, immigration from Europe may
make mp for q portion Of people emgrating
west but II takes several years for able bodied
German from the old world to settle down and be-
come great producer and consumer one raised
ON soil. California has, thus far, been
great drawback upon progress, and fear IL
immense weslth-in money and popuation-she has
taken from