The New York herald., 1850-06-25
A California swindie In England.

fIrsm the London Times May 90
In June last, we had occasion to warn the publ ic
with respect TO a California Gold Regions Associa-
tion which had been advertised in the London pa
pers, with list Of directors whose addre sses turned
out TO be partly, u no. entirely fictitious. The
" secretary To the association" which only made
matters worse, and the public having thus been pat
upon their guard, We received no further communi-
cations on the subject Within these few days, how
ever, certain printed papers have been transmitted
To us by correspondent, whose suspicious have
been awakened, and which show that the concoct-
OF the still In full activity, and that
they must already have raised a considerable sum.
The " California Gold Regions Association it APP
pears, has changed its name 10 the Anglo Califor-
MIA Gold Mining and Dredging Company" and the
directors have despatched an expedition OF Cornish
miners, under Sir Henry Verc Huntley, 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,
an eminent engineer who had been previously
sent out as the engineer-in-che of the company,
have been received in England, and are now being
circulated with the hope Of inducing people TO apply
for rLares. Mr. Palmer announces that, with his
nephew and party OF men, he has reached sdis-
irict OF I" immense riches the Stanislaus river,
and that It's principal mines being occupied by
Captain Tremaine, OF the United States army, who
had purchased the right TO work them for fifty
years, bargain had been made with that gentle
man, by which in consideration Of fl 900, he is to
allow two-thirds Of the produce To be transmitted
10 England" half yearly. The liberal nature Of
this arrangement on the part Of Captain Tremsine
rs at the same time illustrated by the fact that the
"largc pieces Of quartz thickly impregnatea with
geld" with which the mine abounds, are sufficient
to show that "an immense amount OF treasure viii
be Obtained" and, indeed, Mr.. Palmer reports
sai ss ~ ae1 sor 'psg % sh fhs nature
Of the title held by the captain 10 also cas-
secure as that Of any OF the best tenurcs held in
England" and his own confidence in the value OF
what he has bartercd away In such that instead of
tskng his 81 600 in cash, he insists" upon being
allowed TO take the greater portion OF Il In the shape
cf shares. The demand for shares, likewise, from
other parties, is most urgent. Mr. Palmer himself
would like 10 hold 1000, and his nephew trusts
no difficulty will sisc" IN his being allowed to pay
for 600 Two Amencanbgentlemen associated with
Captain Tremsine, slso prefer Their claims TO be
permitted to take 600 each, and Mr.. Palmer
" begs TO recommend them TO the consideration OF
the directors" while a certain number besides
must be reserved for other applicants. Other nu-
mcrous encoursgements TO the speculation remain
TO be added. Tin and nickel have already been
collected in large quantities, and the presence OF
platinum is Suspected TO an extent that "will open
source Of profit superior even To that Of the gold
mines." Under thescscrcumstances the directors,
exrect the shares will command high premium in
England about the middle OF July next" and they
also entertain no doubt whatever that a first divi-
depd will become payable to shareholders about the
month Of October
In the face, however,, OF all the wealth that 10
hus rendered certain, the directors anxious not
TO retain IL for themselves but that the public should
avail themselves Of II almost entirely. Whether
the desires Of Captain Tremsne and Mr.. Palmer
ard their friends will receive consideration is not
stated but probably the private interests Of these
gentlemen will be deferred until those Of the COM
mupity have been provided for. At all events, the
dire ctors urge a discerning public TO give encour-
seemeni TO the project, snd to participate in its
large revenues" the plan now submitted giving
" chance for sprculsfion never before offered"
While, 10 complete the temptation, they quote the
prices of the shates of various mining companies in
England and elsewhere that have been successful,
ntting ell mention Of any that have been unfor-
tunste.
To persons unacqusinted with the way in which |
the public may be deluded over and over again by
The stslest devices, II would seem impossible that
\ scheme OF this kind should require . word of |
But the fact of expedition having |
,ctuslly sailed denotes that money must have been
raised, and the name Of SIR Henry We're Huntley, /
y HON the concoctors have contrived to engage ss
chief superintendent Of the werhs In California"