The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-08-27

From the San Francisco Herald, July loJ
The cfedullty OF young minds Is some times put
TO severe lest on reading the Arabian Nights En-
tertalnments but since the discovery OF gold ia
California, stranger events and more Incredible
narratives, having truth for their basis are daily
presented to the world With the old proverb, that
:. truth is stranger than fiction" has become veri-
fled 10 the letter.
Among the many illustrations of this to be found
here, perhaps there is none striking, or OF which
We may feel prouder, Than the number and respect
ability of those who have settled down In business
in this city. On looking over our files for the last
month, the array of names that meet our eye, in
every department, makes us unvoluntarily feel that
instead Of living in city only two years old, we
living in one situated IN one OF the Atlantic
States, with a very respectable antiquity.
Among the principal commission houses and ge
neral merchants are the firms Of Alfred Robinson
d Co. Simmons, Hutchinson d Co. Moses u.
Leonard 4 Co.. /; Fitts 4 Tllden Ogden u Haynes;
John Nation OrmsDy Culver 81 Co Dickson,
De Wolf Il Co Finch, Johnston " GO. Grayson
d Guild; w. E. Robinson u Co. and Osborne
Among our principal auctioneers are found the
firms of John Middleton q Co. w. H v. Gro
Mise j. b. Cannon IL Co Payne IL Sherwood !;
Moore, Folger u Hill ]. l.. Riddle Co. W.
Fl. Jones Scootiy Il Kelsey Kending a. Vain
wright S Brannan Backus ~ Harrison and
Dunbar Il Gibbs
In short, there is scarcely branch of business
that has not men of the highest integrity, wealth
and respectablty engaged in it. The learned pro-
fessions we'll stocked, law and medicine hlv-
ing crowds of able and experienced practitioners
We cannot say much for divinity as yet, probably
because the demand for il is but small We have
no doubt, however, that in time we shall have
goOdly supply of The dispensers OF the Gospel.
Before concluding our cursory glance, we must
not omit TO state, that we have daily line OF stages
To and from San Jose and that the steamers Sc
nator, Hartford, Ell Dorado, Suffer, Geergiana,
Gold-Hunter Major Tomkins, Marpsoa, Tehama,
and Maunsel White, are plying daily to and from
San Francisco and Sacramento City, Marysvllle,
Yuba City, Trinity Diggings, Stockton, San Joa-
gum, Gray son, and Tuolunine.
There is perhaps nothing which exhibits IN
more striking point of view, the extent and reach
of the business of San Francisco, than the number
of banking houses it contains. Every eminent
capitalist in the United States, Europe, Mexico and
South America, has his representative in this city;
and the fact that most Of those branches are doing
avery fourshiDg business, is The strongest proof OF
the immense resources Of tbis city. We have
amongst us seven banking establishments connected
merous n eTcantle houses who ship and insure gold
dust The following the principal bankers,
with statement of the larger houses on which
Burgoyne IL Co., Montgomery street, draw on
Baripgs, Brother, 81 Co, London; Hottiaguer &
Co Paris; William Hoge Il Co, New York; Suf-
folk Bank, Boston Maunsel, White, & Co., New
Orleans; and Benoist ~ Co, ST. Louis.
b. Davidson, agent of the Messrs. Rothschild,
draws on London, Paris, New York, New Orleans,
Hamburg, Valparaiso, Lima, Mexico, Havana,
James King of William, draws on Corcoran S
Riggs, Washington, and on New York, Philadel-
pima, Baltimore, New Orleans, Charleston, and the
other principal cities in the United States.
+. f. Dpnbar California Bank) draws on the
principal cities in the Union.
Godefroy, Sillem ~ Co., draw on London, Paris,
New York, New Orleans, Hamburg, Lima, Val
paraiso, &c.
Argent az Co., draw on Brown, Brothers & Co,
New York; Nicholson Il Co New Orleans; Brown,
Stipey, n Co., Liverpool, &c, &c
Jos. b. Bddeman draws on New York, Philadel-
phia, and other principal cities of the Union.
ii. Nj. Maglee draws on Clark IL Co., Bostoni
Clark, Dodge IL Co, New York; Chubb IL
Schenck, Washington; State Bank, Charleston;
Warrick Martin, New Orleans; and the other prn'
cipal cities.
Besides these, there are many houses who sell
drafts most of the principal cities of the United
States, and who make aud insure remittances Of
gold dust, such as Summons, Hutchinson az Co..
Alfred Robinson, Little ~ Pope, and others.
There is nothixg that SO well indicates the ex
tent of the business of San Francisco, as the fact
that so many wealthy houses have sent their agents
here, and have established branches OF their bust
ness at a period so early in its existence.