The New York herald., 1850-06-07
hey ought to haxe complied with the Custom.house

they ought to have complied with the Custom-house
regulations administered by very efficient officer
But even the United States are good deal
puzzled by their very forward and independent
progeny. While the politicians at washington
discussing the Wilmot proviso," and while
the slave States are ngeniously planning large
importation of slaves into California, the represen-
tatves of all the States San Francisco have de-
cided against slavery II is, indeed, as impossible
to say al New York as in London, what may be
the nextturn OF affairs Cities we are told spring up
like mushrooms. The population is on the move,
and at the rumor of larger lump OF gold than
usual, productive "pocket," or rich vein, oil
they all fly TO the spot, and should the rumor prove
to be true, city soon rises at the nearest habitable
site. The other day, apparently false report,
five ships sailed at days notice from San Fran
cisco 10 part of the coast three hundred miles to
the north of that city, with what result remains
TO be seen. Gold tselfis the least profitable and
least precarous speculation in California. The
more ardent or more ingenious class OF adventu-
Ters speculate in real estate that is, in bits OF
land or fimsy buildings. AS the buyers and sellers
equally in advance Of their actual means, every
bit of "real estate" in San Francisco is mortgaged
nearly up to its value. On these mortgages-and,
indeed, on all loans-there is paid monthly rate
of interest, amounting, sometimes, to cent per cent.
per anpum; and in the United States there prevails
very natural apprehension, that should the exist
ing pressure OF the money market increase the bill
brokers will refuse TO renew the mortgages will be
compelled TO foreclose, and California will exhibit
the familiar phenomena of a crisis, panic, and
depression. To judge from our own experience,
this consummation cannot be very distant, The
money market, at the last date, was " excrucatng-
ly" tight, as the above rate of interest shows. So
long as the gold pours in from the interior at its
present rate-and the last steamer took out from
San Francisco 81 zoe, GOO worth of dust-the crisis
may be averted but wo to these mushroom cities
when supplies begin to flag.
Our latest intelligence of the California markets
embraces almost every conceivable description OF
imports, from ale and porter to bricks and Goals
Incidentally few articles are specified beyond the
usual range OF the prices current. Hertz, the
pianist, arrived at San Francisco few days
before April lst, and announced concert
The men, however. our correspondent remarks,
were too busy for this sort of thing, and as for
ladies, there were none. So ladies, it appears
are very scarce article in California and if the
new cities destined to endure there is OPEN
ing for such adventurous women. as may choose
10 emigrate from cheap market into dear one
Men, too, are in undimnished request. As yet,
there is no surplus of hands for the ordinary ope-
rations Of life. Strength and skill have their price,
and if any young man finds he cannot elbow his
way through the crowded competition OF these
long settled countries, he will be able 10 turn his
natural powers 10 some useful and profitable
count in California, only seven weeks post from
this metropolis. More than visit or mere sojoum,
unfortunately, as loyal men, we cannot advise.
But why should not some of our youth, who now
hang so heavy on their parents hands, see little
of the world and pick up little experience, well
as few sovereigns, in a visit to this verable FL
Dorado! Almost the earliest hero that we read of
was Jason, who sailed nobody knows where, but
half round the old werd, in quest of the golden
fleece, which was doubtless deposit of gold. 1t
is not dishonorable to seek independence, is
il rash TO encounter dangers in that search. Far
better is il to plunge into throng of strangers ten
thousand miles from home, than TO spend ones
early life in courting patron, and soliciting ad
vancement over the heads of ones contemporaries,
companions, and friends. Hard as the alternative
is, we would rather quit the crowded arena at
once and try fortune " in fair field and no favor
somewhere or other where man is not weed.