The daily crescent. [volume] ([New Orleans, La.]) 1848-1851, 1850-05-06

illes tnat port possesses VI easy co,n',uuicouuh
with the most southerly mines, and which in years
10 come will be an advantage readily appreciated.
From the city of San Francisco to the most north
ern limits of the State the all engrossing and ex-
citing speculation has been In the probable DIS
covery Of new bay, few hundred miles up the
coast where are believed 70 abound not oniy me
products of rich mines but the embryo wealth OF a
vast city and populous country adjacent. Uttered
as thing Of speculative creation, the only source
of agrandizement to the projectors OF the numerous
expeditions which have left this port Tor Trinidad
Bay and the new Gold Diggings, that we can
perceive Is the good profits Oh such UP 10 me
owners Of the vessels for they are generally the
projectors it hes been discovered. . To the adven-
turers, themselves thus far hes the scheme proved
entirely unsuccessful Trinidad Bay with its
wealth has not yet become known to the people
of California.
| Some Of the expeditions are still out, while
others are preparing to depart, and with the more
modest if not reasonable ntmation Of exploring the
coast and Discovering Trinidad Bay. Speculation
does not rest here but enters largely into the pre-
vailing excitement, involving the selection OF busi
ness localities, and the growth OF our new cities
and towns On the. Yuba river, the most Promi-
nent place of business, endowed with the habits
and properties of thriving town, is Marysvle,
situated a few miles from the junction of that
stream with Feather river. 1t is encompassed by
city surveys but it has outstrpped other and SINH
lar enterprises, and although but six weeks old,
| now, numbers over two hundred and nifty houses,
with population Of about three thousand. The
banks Of the Feather and Yuba are lined with
new cities !" but it is thought that many of them
will go doao1s with the rivers, and the consequent
exposure of their false or defective positions. On
the Sacramento, at the alledged heads of naviga-
ton, new cities are starting but it will probably be
best ascertained respecting the advantages Of all,
at some period during the low stage OF water
The most serious speculation in which men are
| aopd in frv n n
| San Francisco and San Jose party lines have been
| drawn and demonstrations have been made but the
general mass is influenced by these uutimely and
unnecessary proceedings and the organization Of
party is at present confined to these. two places,
| with but little hope of success elsewhere in Cali
| fornia Party distinctions have influenced nomina-
tons of candidates for State and district officers at
elections held in this city during the last two
months, and the political interest manifested in an
election which takes place this day is than
usual. Very little can be said of the unanimity
with which either party has entered the contest.
But we have INDUCED too lengthily in review OF
California speculations.
Since the sailing Of the March LIST steamer, the
excitement relative to unauthorized grants of land
made by one G. O. Cotton, in the capacity of JUS
tee OF the Peace, in this city, has been stimulated
by the addition Of fresh facts to those before form
ing the guidance Of public opinion, Cotton having
| in number of instances granted lots which had
The money having been in every case paid before
the fraud was discovered, great deal of confusion
and htigious contention have ensued.
The Municipal affairs Of San Francisco are in a
perplexng state, from which they will only be re-
stored to a sound healthy condition by the ncorpo-
ration of the present pueblo, and the instatement
| OF a system of government with which both the
people and their servants are familiar. bill for
the charter OF San Francisco passed the Legisla-
ture, and it is understood that the charter will be
presented to the people for their adoption or reee-
ton in few days. In Sacramento City, the ami
mostly between the squatter party and owners oil
real estate has very nearly subsidized Preparations
are being made to guard against another overflow
| by the immediate construction OF levee along the
banks OF the Sacramento, which it is computed
will cost about 100000 Half of the amount has
been already subscribed. This place is rapidly in.
| creasing in growth and business. Buildings of a
fine substantial character are assuming the places
OF tents and shanties, and there as here the ndi.
cations OF permanent prosperity are of the broades
| stamp.
The mines Of the north and south are now acces
Feible and travelling is much facilitated by the in
PRODUCTION of steamboats, on the UPPER waters of thu
principal streams The San Joaquin District con
tains some of the rarest deposits Of gold ever dis
covered, and these arc being worked with grea
success at the present time. Many large Jumps
uhe largest weighing twenty-five pounds now OF
exhibition in this city, have been found during the
GIs
ners, who have visited the most southerly extreme
OF the gold discoveries, report continued success ii
digging. The Sacramento District is uniailing il
the rich products of its mines. Old diggings have
been abandoned and new deposits discovered. The
heavy winter rains have caused important change
in the various deposits, and will probably hay,
proved an advantage to the miner on this account
when the waters subside. The gold discoveries Of
Trinity river are currently reported extremely rich
but we have no means of satisfactorily ascertainin
/ he r1aTl ufOr in air
About the first of the month, an unprinciplet
class oil white settlers attacked the peaceable In
| dams OF Sonoma and Nappa vales, slaying
large number of both sexes and forcing the In
dian population to fee into the mountains TIL
provocation of this murderous outrage is alledoe,
to be the death of two or three white men last fal
at the hands of tribe inhabitng remote section
OF that country The offenders were arrested anC
placed board OF one OF the vessels of war at Bene
cha, to take their Eial in few days. A distur
bance between party of miners and Indians or
the Stanislaus occurred a few days since.
The Legislature has passed but few importau
bills during the last month";
from the Alta California of April11
Review of the San Francisco Market
It difficult matter this time to furnish satisfactory
of affairs chief reason The Writer therefore fseI
reluctant to do knowing its importance abroad
statement Since the departure OF the Steamer eaSne t6
port on the LIST of March, the Of long
sdered as under way calculated very remote period
bring mercantile Affairs and the interests OF the country on
Rents declining Buildings, long since commandnl
thousands now yield only hundreds while many are vacated
L is well understood that sufficient time has ELAPSED enabnt
the merchants to discover that business afford the ex
ayagant rates ruling in all departments necessary to carr,
payments with urgent demands arising from an impOssbt
TO realize on Improvements made, when money was ease
and confidence universal has caused many failures N,
auon made IN particular to the late suspension of one
the heaviest houses in this city, considered here great ca
iamiiy me members Of the firm highly respectable
mu9iy 1t believed with good reason that those niereste
business have arisen from real estate Operations and adde
much to the want of confidence existing Merchandiz
looked for twas thought the business or demand for M
mines, would have contrary effect. The change as wei
good effect OF an active demand The mines yield as muc
as formerly The same extraordinary accounts abound AM
on Much Inconvenience and bad feeling has been created
the seizure OF merchandise and vessels during the past few
satsha the laws Of the Uuited States render pack
axes IN less than fifteen gallons sezabe while all over fifteen
expectation bOad and al over naey gallons 50s Is
consumption. Thus brandy and other spirits in
dozen also LIABLE Vessels of nations not possessing re
ciprocal treaties with the United States cannot inroduc
when ATTEMPTED subject to seizure The English have
however since the LIST of January been exempt from this law
the United States can be enforced in this country under I'll
present existing relations that they are is fact
knowh Inc collector IN SO acting 1t must be conceded,
BREADsTuFFs-Flour has materially declined consider
able IS IN rs has Many purchases for speculation hay
been made within week at lower than lowest quotations
and for consumption at highest Sacks of Chill GOO ~
rates in proportions so sacks have sales 80 so
~ 10 Amerean -four Is scarce sales have been made
barley have varied much in price during the month Sa
have been made ~ large quantities by private sale
yet cents and & have been obtained auction for up
demand Some holders are firm at AZ cents ali Kinds
bread and CRACKERS are low and dull.