Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1850-06-24
TllEI.ONDoN "TiMESn on CALIFORNIA.

The old World " very slow 10 comprehend CaE,rnia
u Is as amazed aud snpc6sd at the spectacle naa
who has seen Wild beast or mct or.or an exceedingly
mprttlnrnt slrangor Every step in he progress f Ibis
dashug new State seems IN take by surpsa; and hy
the iine we have opened eyes wide enough iako
IN uno wonder, another Il announced. While our geo
'gss were talking about anrferous streams and gran
aud q"aftz there assembled Oh tho bays aud rivers
oi Caliiurnia n community OF hundred tho sand inen-
INV perhaps Of double that number. While our humm
lists weio lodgng IN grim jokes at ,hc vic ssudrs and
pcflls of Californian existence conventions had been held
council had been elected ordrr had riumphod and the
laws were ubeyed BY tho time fraly made house
had been ou from the Thames city had b en- built
hall dealryed by ie. and ~ bu II Of durable male
als and gan,r scale. At last our people did be
gin to movc aud they committed all Of blnnders.
We have nav news from San Frauesco 10 The first of
last month. aud correspondent writing in that city a,
that date lms US of all soris of gauchrres cnmmited
by our merchants. usually sharp enoagh bat fairly dis
ancnd ov CalIfonin Their ships, appears. have
rived IN the dead of winter when the roads inpass
able. aud when the pori eady choked with gnds
which there were no means Of conveying 10 hent.br
They senI out all suts Of rubbish thinking that anything
would do for the rough subjects with whom fancy
had peoped that fabulous region. They dressing
the gold hunter with sops from the mnoes, and buying
his dust wh gaudy furniture and other refuse ot nir
shops These cargoes they SEM out with as little pe
caution as they would nvest uf red cloh and
glass beads 10 newly discovered island in The Pacific.
and they find their that they ,tiy hi to
have despatched skful and c,uliois sup rcargo or
consigned their goods respectable r,us. al San
Francisco that they ought TO BE- prepared 10 draw
hes>rs Rothschls agent at that ci'y and alb all.
that they onghi IN have complied with he custom house
regulations administered by very efcieEt off :rr.
But even The unlcd States good deal puzzld by
their very forward and independent pfogencv. While
the politicians at Washington discus sing the 'Wil-
mot provs. and while the slave States are ingenious
ly planning large importation Of slaves into CaiEr-
MA the representatives. Of all the States at San Francis
80 have decided agans slavery. II is Indeed. as impos
slbe 10 say at New York is at London what NAV
be he lum Of affairs. Cities are TIL. sprsg
up like mushrooms The population is the mse.
aud at the rmor Of larger lump ofeold than nsnal,
productive plcke" rich vein. off hey all fly 10 tbs
spot and shnld The rumor prove to be true, city son
rss al the nearest habitale site. The other day. ap-
pareny false report, five ships sailed at day
tlce from San Francisco part Of The coast three hun
died miles 10 the north Of that city with what result
remains TO be Gold itself is the least profitable aud
most precaIi lus speculation in California. The
dent or Ingenious class of adventurous speculate in
real esa'e'tha, is bits Of land flimy budiass
As the buyers and sellers equally in advance o their
actual means every bit ot .Ieal esate' in San Frncsc
Is mort gagged nearly upto its value. On l,ess ,pori-
gages-and. indeed. all loans-thee is paid n.naih-
y rate "i lneres' amounting sometimes h per cent,
per dnnnn and in the United States there prevails
very natural apprehension that, should The existing pres
nre OF ihe money market increase, the bill-brokas will
refuse renew The mtsagees viii he compelled IL fove-
close and California will EXHIBIT the familiar pheoomena
OF crisis, panic, and depression. To Judre fc,m
our own experience, this consummaiion oannot b. very
distant The money market at the last date WAS .ssx-
cucia'ingy ugh as the abuve of interests shows
30 long as The Id pous 10 from the interior ut the wo.
eat rae-and The last steamer ook from San Ftan-
cisco ,'uO.OOl worth of dusthe crisis may be aver
ted but wa to these mushroom, cities when sup H.
begin /" flag.
Our lats, Intelligence of the California markets en-.
braces almost every conceivable description Of imprts
tom ale and porter IL h;hs and Goals lnci,eu,sIly a
e" Articles are specified beyond The usual range oi The