The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-08-20

Every thing is tending in q direction to produce
suikng changes in the relations Of capital but, IN
The epathetic trance resulting from late eXhaus-
tion, th'y are scarcely noticed. With increase in
the quarters revenue OF E5lS,OO0 over the favor
able returns OF last year, an augmentation Ia tho
declared value Of our exports OF between I3OOoV)O
and "a 600 coo during the period, stock OF
bullion IN he bank which has remained with slight
fluctuations, st larger amount tnan was ever De-
tore known; and the prospect thus TAR oil an aouh-
dsnt harvest there sleo number of more excee-
tional circumstances which furnish still greater indi-
cations that state Of Affairs is approaching, which
must awaken the best energies OF the country, ana
which If wisely watched may give an impulse 90 the
spread of civilization fuch has been witnessed az no
former epoch. Each account from California not only
confirms but ADDS TO all previous OF the
growth OF that territory and OF the success Of those
who have tbronged to 1t; and the reflex action etthese
movements other parts OF the world are now begin
nirg to manifest themselves with daily increasing
force In the Sandwich Islands, in Australia along
the whole coast the Pacific from Valparaiso TO Van
couvers Island and Ia CHINA, the stir distinctly
felt, and II awakening life thus manteSng Itself at
the extremities Of the cai tem must soon be
Acknowledged most powerfully ut ITS centre Even II
CalifoI MIA To- to be de l1sion
il would b. years before the effects that have already
been created by II would 10 operate; but the
tidngs received for long time past have new con-
WINGED all persons hat its riches have never been over
estimated and hence the inference is unavoidable that
what has yet taken place Is only the beginning OF
the changes come AccoTdingo the recent accounts
from New York u is confidently believed that the gold
received in the United States during the next six
months will exceed the total Of ali that has yet arrived
The silver mines OF South America too, are yielding
largely increased supply; railroads are being con-
struoted for their further Development; quickslver Is
hKey 10 De iurhi'ned IL unu uu suPpiies anu anu iia
peation Of capital derived from the ProhIs OF trade
with Sau lrancisoo.
Other gold regions in Bolivia, Venezuela, and
South Australia, are then noticed, and also the
steady increase in the supply Of gold from kussla,
and The importation INTO Ehgland of between
S quo .o'ovv,uVI ,nin 80 a,ie's
silver for gold coinage. All these circumstances
have tended 10 make money plentiful and cheap;
Gnu w. IuehOy " ui'nei aueutiuaoh WIN, we
wn'er thinks, continue iof considerable time he
mus Pfoeet ..,-..
step by step Win .hia tendency me rave OF aerest
70 W oD1alheu ~ eap'asts iauss ueeuDe; mere Is
anapter ~ tbs wor,d uhnra ,bs are s.iv
To- turn srainst MS The ony lions therefore that
sus @ DESCEND 70 T III Ssss to wSSs
the present horror Of all investments which involve
risk and secondly, in what quarter the vent will be
found when the overflow oil capital shall at last be-
come ifrepressipie. 10
dLat the present. state o, anars, an snsn invest.
INA. !leit 8, uny nor f'h
~ .n tSins i"s vii vet continue for considarable
neriod seems certsin Railways in the midst OF ali
our prosperty show no symptom. of revival and
the gloom which they create viii stl spread morbid
dtrust until the Shareholders shall have resolved to
ADMIT what every body recognises namely that there
Il help for them but In complete reorganization Of
their modes OF manage ment. From this and other
causes there Is reason to anticipate that the revival OF
confidence VIII not be sudden ana tat before it shall
49,. " o. - - ' % 50
M % .ne t a.hs ~ chsnos,o-p ~ IA.
.h.ansr 20 nrono.s n r,drct;on in The oovsrnment
funds
When the spirit of commercial adventure and
mercantile speculation shall again be reused. the
able writer Of The TyD,,s article thinks that h will
find the scene of lis Grafton ON the western con-
tinent The conjecture is n more than plausible
one, and all that we can hear and learn of that
portion of The globe leads 10 The inference thai il
will afford abundant room for ALI that adventure
can accomplisb ar soecuIation find materiaIs IN
engage with.
f,f ms bea;n with California Ana 6r,, 90 IN
The ehsIac,cy and en,eror;se and ;ndo,,;,ahlo
energy of The peonle who are already ,hsre The
following facts are decisive mon This noin,.-Oo
The morning OF the 4th of Nav a fire took Mace n,
San Franc,,co. which sweot thromgb several
streets. and DESTROYED bonses and nronertv 10 ,he
amount nj AZ least A. OO0 OoO Ten dsvs .fter
this calami,ous event. foriv. four bouses were in
progress of re.erectiop, many of large dimensions
md A. yersl nearly complefrJ The wreck of m,
conflaprs,on was nearly cleared away. and hardly
a ycst,ge of Devastation remained Surely these
trst settlers of San Francisco are n GOOD ionnda
ton upop which TO build iirst.ra,e mercantile.
industrious. and sdyenturous communitv. All
Accounts represent the overland emigrant. for Ca
lifornia as moving along prcsperou.lv towards that
land both Of promise and performance The low
est estimate made Of the ,.on'b.rs yvrrneyipg over
the plains, at the present time, is 10 &C., the high
est 10000. A fair estimate makes the number
90, OCO. In twenty-five dsys. 1881 men, ~ wo-
men, and % children, as wagons, ass
noifcs anu fnuts, Shu u oxen, passed fOrt
Lamhie, on their way TO California. A,
the same time, quite as large a stream OF emf
grants was working IFS wsy across the lsihmus,
ard others were reaching tae Pacific shore from
Chill, Peru, the Pacific lslsnds. and even China,
Hndostap, and Ausuali,-so much for the rapid
ny with which this western Eldorsdo is peopling
wilbe rather curious state Of society, however
where there is 60 great an inequality Of the sexes
is evidenced by the fact that the great overland
stream ct smiersnts consisted OF 26 males 10 each
female This, however, is disrroportion which will
he rapidly reduced The population Of California
will want feeding, for their object is gold, and other
people must sepd them beef and bread in exchange
tor Beiore The end OF 49,, there will be h.lfa
mi'en OF People along the Pacific shores OF the
thiltu staus, VINO VIII want supplies OF almost
every article Of food and clothing. Here, At once,
IS on extensive new market Tor the egrcultursis
ana nanuiaciurtrs OF older communities, and the
cmlioyntni OF the redundant capital Of England.
TO this market add The rapidly growing ones with
the various groups ct civllning islands in the Pa
c,hc, china, Australia, New Zealand, Nc., and we