Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1850-04-25

Slght oil tor the amount, which will sell VI
emma at the rate of four shiings and t,co
pence or three pence per dollar
| have statement before ME from one of
the most eminent merchants and bankers OF
New York, who was for many wears engag-
ed extensively in the India trade, which
shows that the profit or gam on ten thous-
and ounces of gold, thus RENTED would
be SD, 434 81
And that the loss on the same
quantity, sent direct 10 China,
would be $1,000 90
Total difference in profit and
loss III favor of the remittance
to New York S50,034 81
|; viii TINS be perceived, that nature has
so arranged the winds and currents OF
the Pacific, and disposed of her vast treas
ures IN the hills and mountains of Calior-
ma, as to give to the harbor of San Fran
cisco the control of the commerce of that
ocean, as far as 1t may be connected with
the west coast of America
Important as the commerce of the Pacific
undoubtedly Is, and will be, to California, it
cannot now, nor will it ever compare in
between her aud the older States ofthe I'm
ION.
Two years ago California did not proba-
bly, contain more than $1,000 people. That
portion Of II which has since been won
derfuly peopled by American citizens, was,
comparatively, without resources, and not
supplied with the common comforts of shell
ter afforded by forest country.
Notwithstanding the great distances emf
grants have been compelled to travel to
reach the Territory, mole than lU0,O0O
have overcome all difficulties and spread
themselves over ITS hills and plains.
They have been supplied from distances
as great as they themselves have passed,
with not only the necessarles, but the COM
forts and many of the Injuries of life. Elous-
es have been imported from China, Ch.lI
and the Atlantic States of the Unen. All
the materials required in building cities and
Us have been added 10 the wants of
numerous, destitute and remote
These wants wifi supply.
- q = as long as emigra-
labor employed in gold shall be nt". nraf;,.
able than It's application to agriculture, -.
mechanic arts, and the great variety OF pur-
suits which are iostered aud sustained IN
other civilized communities.
Tins may be shown. by mentioning the
prices of a few articles. Last summer and
autumn, lumber was sold in San Francisco
at $500 10 $500 per 1900 feet At Stock
ton and Sacramento City, at $500 TO 500.
At these prices, it could be made IN the
Territory, and many persons were engaged
IN the business. | perceive, by recent ac-
counts, that the price had fallen at San
francisco TO s75; at this price, It cannot
be made where labor is from $40 to SIS
per day, and the difficulties attending its
manufacture are much greater than in the
Atlantic States. Lumber can be delivered
III our large lumber markets for an acreage
of the various qualities of Sl6, and freight
ed to San Francisco for S24, making $40
per thousand feet. This price would cause
the manufacture of it IN California to be a.
bandoned. We may add $40 per thousand,
to meet any increase of price in the article
itself, or in the freight, and the result
would be the same.
1t is probable that the demand, for sever
| al years TO come, will not be less than twen-
ty millions of feet per annum, which, at $40
per thousand, will be Sc, 100000.
When California comes to have popu-
lation of 200, 900, which she will have be-
fore the close of the present year, she will
require near half million of barrels of
-four from some quarter, and no country
can supply it as good and cheap as the old
States OF the Union. Including freight and
insurance, this may be set down as an item
of about So 100000. The article Of cloth-
ing, allowing $50 TO each person, would be
1 S4,600,0 900.
There is no -pretepsIon, to accuracy IN
these items, and they may be estimated too
high, but it is quite as probable they are
too low
We have no data on which to found a
! calculation of what the value Of the trade
! between the States east of the Rocky Noun
tains and California will be during the cur
rent year. / will venture the opinion, how
ever, that it Will not fall short of $25 900, )
OOO Ii may go far beyond that sum. Al
| present, I can perceive no cause which will
retard or diminish, emigration. - 5ssl
!! IL the movement shall continue FIVE years,
our commerce with that Territory may
reach 500, 900 900 per annum. This is
doubtless startling sum, but it must be
borne in mind that we have 70 build cities
and towns, supply machinery 4er;mining,
coal for domestic purposes, and steam nav
| igation, and all the multifarious articles