The daily union. [volume] (Washington [D.C.]) 1845-1857, 1850-06-28
ss0 From the London Times, May 30.
A California s,xlnals ~ Enriand. N


Upper House.
0 From the London Times, May 80.
CALIFORNIA; ssvintie ia England. iss4s
In June last, had occasion warn the public with
respect to California Gold Regions Association which
had been advertised IN the London papers, with list of
directors whose addresses turned Out 10 be partly Il moi
entirely fictitious The warning drew forth a letter of
explanation from the 'Secretary to the Association
thus bees put upon their guard, we received further
communications on the subject Within these few days.
however certain printed papers have been transmitted to
awakened and which show that ths concocors Of the
concern are still in full activity, and that they must al
ready have raised considerable sum- The "Californa
God EsSo.s sPRssaSs has changed is
ing Company and the directors have despatched an
petition OF Cornish miners, under Sir Henry We're Hunt
ley, r. n late governor OF Prince Edwards island, TO
arrive in that country about the end of the present month";
Meanwhile two reports from Mr. James Palmer, ian
eminent engineer who had been previously sent out as
the OF the company have been received
in England, and being circulated with the hope
OF inducing people to apply for shares Mr. Palmer an
nounces that, with his nephew and party OF men, he
has reached district Of ''immense riches" on the
ing occupied by Captain Tremaine, Of the Uni.
ted States army, who had purchased the right to
work them for fifty years., bargain had been
alton Of $1,000, he is to allow two-thirds OF the
produce to be transmitted to England" half yearly The
liberal nature OF this arrangement on the part OF Captain
the large pieces Of quartz thckly impregnaed with
gold" with which the mine abounds. are sufficient to
show that "an immense amount OF treasure will be OBJ
tanned and indeed Mr. Palmer reports that the proper
~ next spring might, in his belief, be disposed OF for
100000 The nature OF the title held by the captain is
also as that Of any OF the best enures held in
England aAd his confidence in the value Of what he
has battered away such that instead Of taking his 81 900
in cash. he "inslsts" upon being allowed 10 take the
greater portion Of il in the shape Of shares The demand
for shares likewise from other parties is most urgent
Mr. inns un Ire IN an
nephew struss difficulty will arise" in his being al
lowed to pay for 500 Two American gentlemen asso-
recommend them to the consideration of the directors
while number besides must be reserved for other appi-
cants Other announcements to the specula
ton remain to be added. Tin and nickel have already
been collected in large quantities, and the presence OF
platinum Is suspected to extent that "wlll open
Of profit superior that OF the gold Mines
Under these circumstances the directors expect the shares
will command high premium in England "about the
middle of July next and they also entertain no doubt
whatever that first dividend will become payable to
shareholders about the month Of October
In the face, however, of all the wealth that is thus rem
dered certain the directors anxious not TO retain for
themselves but that the public should avail themselves
maine and Mr. Palmer and their friends will receive con-
sderaton is not stated but probably the private interests
Of these gentlemen will be deferred until these OF the COM
muny have been provided for AT all events the direct
urge ga discerning public to give encouragement TO
the project and TO participate in It's large the
plan now submitted giving "chance Tor speculation
never before offered" While TO complete the tempta-
ton they quote the prices OF the shares OF the various
mining companies in England and elsewhere they have
been successful in emitting all mention OF any that have
been unfortunate.
To persons unacquanted with the way in which the pub
lie may be deuded and again by the staes devil
ces, would impossible that scheme OF this kind
shonld require word OF comment But the fact OF an
petition having actually sailed denotes that money must
have been raised and the of Sir Henry We're Hunt
ley, whom the concoctors have conved to engage as
:" chief superintendent OF the works in California may
not unnaturally put many of their guard II is neces-
sary, therefore, 10 remind all those who may have a
fancy for taking shares that every account hitherto re-
ceived from California has established the fact that no,
single instance has yet been known where miners have
continued to work partnership body, even when the
total profits be fully divided amongst them that
the prospect of working order that the results OF
their labor may be transmitted TO shareholders IN Eng
land, may easily be estimated In case, however, this
fact coupled with the style Of Mr. Palmefs reports and
the questionable circumstances connected with the issue
OF the former prospectus should not be enough to excite
caution, may be well to mention that the only
known city in the published prospectus Of the com
pany is that OF Messrs Spooner, Atwoods Co.
who made to figure its bankers, and that this firm
upon application being made TO them state that the COM
pany have no account with them and have never had
authority TO use their names.
AN INDIAN TAkK-INTEREsTING scESE.-The vicinity
Of paul Minnesota has Recently enllyened BY