Daily Richmond times. [volume] (Richmond, Va.) 1849-1850, 1850-05-10
FARTHER CALIFORNIA NEWS.
By the three Steamers d,ri0ed at Neao York Tues


THE SAN FRANCISCO ELEcTIoN-Bus1NEss REvlvING-
STATEMENT OF THE ALTA CALIFORNIA CORRECTED
GOLD IN GREAT QUANTITIES, ETC.
Correspondence of the New York Trbunel
SAN FRANCISCO, Monday, April l.
The election for County officers takes place in this
city and throughout the State to-day which will
pete State organization and supersede whatever
manned of the mongrel system of Mexican and Ameri-
can law that prevailed and which no understood
Col John Coffin Hays, the brave Texas Ranger is the
most prominent candidate for the Sheraty, his oppo
nents being Col J. ]. Bryant and Mr.. John E. Townes
The great struggles for this office in the minor ones
though Loco Foco and Wing organization exists yet
the attempt make the question purely party has
not been successful 1t is regular scrub race, and
with the exception of Col. Hays, whose election think
is certain it is impossible to predict the result
The amount ofgod going forward in to-days steamer
surprisingly large considering the stagnaon that has
existed in the trade Of the country, and the almost i'm
passable condition OF the roads to the mines. On in-
qury at the Companys office yesterday, learned the
freight list 81 100000 and is not improbable to
estimate hafa million more among the 230 passen-
gers, who return to the States.
Business is already revivng under the genial influence
of Spring and beautiful weather. and after the de-
parure of the steamer it is believed the Money marke.
will be easier and reduction in the heretofore high
rates OF interest take place. In some instances money
has brought Is per cent month for short periods,
which is rate that even California profits will not long
sustain.
i beg to call your attention to statement in the
money article Of the Alto California; steamer edition,
a copy OF which have been unable to procure, but
which YOU may receive from that office Ii is to the eff
feet that heavy failures have occurred in San
Francisco, and otherwise containing assertions nlu
rious to the mercantile community OF the city. L am
assured by leading merchants, and fully believe, that the
whole is fabrication or gross exaggeraton OF some
unimportant affair. | have as good an opportunity OF
knowing the condition OF trade here and failures
have reached my ears nor am aware OF any fact to
warrant conclusions so wholesale and unjust. On the
contrary there is better prospect OF large and pro-
able business being done this season. than during the
last.
Our correspondence from the various mines is of the
unsatisfactory character. | not only satisfied
that there will be found no dimnution in the average
product this season. in the placers worked last season.
but that new pacers will be opened more than sufi
cient extent employ vastly greater numbers than
will be able to find transport to California the present
On Saturday had peep at the mammoth twenty
three pound lump of gold recently dug up in the Sono-
ran Camp on the Stanislaus There is humbug
about it, as yourself and readers will have evidence
vey shortly as after brief period of exhibition in this
city, will be taken, with great number OF other splen
did specimens the Atlantic States. So prepare to
something that will make your eyes glisten with admir-
ration. This lump, worth intrinscally about $500,
was bought by its for $4,000, and much larger
sums have been offered torlt
The arrivals from the States both by way the 18TH
mus and Cape Horn, beginning to increase largely,
and the consequences are tavoraby felt among us.
large number of Immigrants have been landed on our
shores from Sidney and the other penal settlements OF
England, and great has become this evil that the
Legislature has taken this matter in consideration, and
instructed their Judiciary Committee to bring in bill to
prevent this class from flooding the land and requiring
thereby additional police and prisons to prevent pun
sh the crimes which become more frequent with each
new importation.
The upper rivers again at very high stage, ow
ing to the melting of the in the mountains; and
steamboats, of large class make regular trips to uba
City, 200 miles above this and As miles up Feather Ri
YER being the head of navigation on that stream Yuba
City is most lovely location and the surrounding val
lev nexhaustby fertile and well adapted to agriculture
1t twill bea large town ere the end OF the year. as be-
yond it some Of the richest mines OF the Sacramento
tributaries.
Among the new towns that are springing up in the
Southern Valley that of San Joaquin City the main
San Joaquin two miles below the mouth of the Stanis
laus, is taking the lead, and must, in short me be-
come an important as is central, depot the ex
tensive mining region beyond The site is high and
Economically lovely and the plains capable of any kind
herds of elk can be seen almost any day The west
boundary Of the valley lies distant ten miles where
the blue rays OF the coast mountains give shelter TO
countless thousands of game that down to feed
upon the luxuriant grasses below. J. w.