Burlington hawk-eye. [volume] (Burlington, Iowa) 1845-185?, 1850-05-23

.,...,. 4 Rusiness In Califsrnia-Causs and
, sssset-Anssher Sselnberger Failure, &C.
~ New York Commercial gives the
..,lowine letters from California, by the
y. arrivals, which seem to present (es-
s.;.llv that from Mr. JAS. King, formerly
!; rorcoran s. Riggs banking house, in
Washington, } more comprehensive idea
.sss.;psss and business prospects in that
soaslsY, than anything we HI. have :. yet seen:
8. inssisco, Upper California March 81.
r..;ness Of every description has been
- dull this month. The long looked
- 80 .r;.i, seems to have arrived. Mer-
y. .s.s y of every kind is unsaleable at any
!, ,h;os ike fair rates. At auction, enor-
-. Z. sacrifices have been made. Lumber.
i. three months ago brought $500
!. Aa6O easily, has been sold ashore at
10 per NJ.
q il lie money market the rate Of inter-
u nav BE- quoted still at 10 per cent. per
sanlh. for we have not yet got to enter
~ ! les, rate. Money, however, is
NV. Very little good paper offering,
"a he rates Of interest must soon 60
Avn. The truth is there is at present no
business that will justify paying the for
mar rates.
Through, the winter the ingress Of SO
n,ny strangers created demand for
houses and carpenters, and the price Of
lunbsr was kept up, and with it, wages.
Eaiing houses sprung up, not at every
corner, but at every step. Large hotels
ana restaurants, furnished most extrava'
r,asly, soon got under way, and for
Time aourished. Their day is past. For
! week or 50, scarcely . day passed that
some hotel or first class restaurant did not
close, and the eating houses without num-
Der.
Competition among mechanics soon
brought down the price OF wages. The
same cause has destroyed the retail Of
msschants. Carting, too, has suffered,
and $50 per day is good average now,
whereas Is to 800 was made.
As the rainy season passed off, our re-
dsadant population started for the mines.
Ii i few weeks our city has become de-
populated. Houses to let may be seen
wherever the eye turns, on every street.
Landlords stood awhile for rents, but it
was useless. Rents came down, down,
down; 81 more properly speaking, the
prices asked came down, for comparative
n few have been re-rented.
When change in business affairs may
b looked for il is difficult to say. The
seesssion to the mining population must,
sssaer OF later, consume the stock at pre-
sent in the mines. That of course will
create demand; but nothing, in my opin-
ion, but another immigration over land
and by sea, like that of last year, Can pro-
dncs anything like an approach to the for
ner state Of things. The coming fall a
good business viii be done here, and for
tunes will be made between this and then
\ The auction mart alone.
In local affair. the "Miner's Bank" and
stockton" coinage are from Is to 20 per
cant. discount. One Of the partners in
The Miners Bank appears to have left
With the funds.1
sMotfat u Co.'S coin is received at par.
They have never yet refused to redeem
their coin.
I: For Sssae Bond--2 per cent. per month,
-nothing is offered and the same asked
~ In fact there is no market here for
them. Very little said about the Stein
burg failure. As usual his deficit was a
large one.
Very respectfully.
JAMES KING, Of William,
San FRAScisco, April 10 A. N.
Peter Flautsu, Frenchman, was as
'assinated BY CHILEAN named Ramerer,
lew days since. The murder was com
nitted in one Of the mos, public streets Of
San Francisco.
Late news from Oregon mention the
dssertion Of nearly all the soldiers station
Cd q Oregon city. Six,y-five, fully armed
and equipped, went off in one party, II is
supposed they were bound for FL Dorado.
An election for member Of the Assem-
by, 70 fill a vacancy, resulted in the choice
st Alfred Wheeler, wing, by 1873 MAORI.
y. To-day is assigned for choice Of sher.
y and other county officers.
A vessel from Sidney brought 60 fe.
nales, and one is reported to be on The
xay hither with upward Of one hundred
pn board.
Eight men were drowned in canoe
shove the mouth Of Deer creek recently
They were in boat, which capsized.
The Springfield Mass. Republican men.
lions the arrival in that town, on Thurs.
DAY night, Of "mysterious" lady, who
gave her name as Hart, aged q, and on
Friday night attempted TO poison herself
WIN laudanu,n and arsenic, but was hap
rly frustrated, and is at present in fair
Wy Of recovery. Her clothes, manners
aad appearance bespeak her to be Of
wealthy and aristocratic connections, but
,ne maintains a strict silence regarding
herself. .
dsadhfd Dog. The Westiield Stand
sta relates the following dog story:
The Messrs Johnston oil this place,
nave !. = large dog in their store, which en-
Nled The sleeping apartment, of clerk
oon0ec'ed with the store, a few nights
=. ..ace' and, waking him by barking, con-
uus'ea INN to molasses cask which had