The daily union. [volume] (Washington [D.C.]) 1845-1857, 1850-02-14
COMMERCIAL.


~ NEW YORK. February IA b. IA.
The satisfactory progress business "A sueh - IN eo
aexon with The continual arrival the precious metals 40
induce greater abundance Of money. although the Calf
ornia gold does become money until the lapse Of some
sixty days. requisite for is coinage al Philsdephs Tho
symenls from the Interior prompt dsposites In
bank increase and these offering falling istss of in
in the markets. The Of business paper il
perceptby less and therefore the rates for all diminish
The LIST Of February is the In New York. when
leases for dwellings and taken Tor the
The experience Of the presea that have been
paid with unusual prompmess, and that the prices
tor the JOINING year are pretty generally advanced.
Without inducing much change rehabilitation. Thsis always
an evidence Of prosperity The California fever which
asst induced many people, In all sections OF the
country TO off debts in order TO iii out friends for the
golden region, has In degree begun 70 react Thus
one express house that Of 500 distinct rsmtances
which passed through their hands, 100 for female
relatives OF absent digge AZ these ANAL remisnces
scattered more thckly and In considerable amounts
over the country they become the basis Of increased
business oy means OF which the gold percolaes back to
the great central reservoirs payment Of goods
II the internal production Of the country increased the
same extent Ills the case that, the many
disappontments losses and disasters overaksn
porton Of the adventures all agree the fact
that the gold deposes have not been overaied although
they may not be 50 easily collected the sangune anti
cpaied. Il IL 70 be taken into account, however,
that very large proportion of the population the
mines had arrived In tho country since the fprevious
winter and that where the rainy drove 1000
last year from the mines the towns will drive down
this year. very many OIL tneee WILL tnTOuRn
fortune and Sickness have the Of living San
Francisco winter and will therefore, In considerable
numbers, return, furnishing hands bring away the large
fleet in the harbor, and the remainder will want those sup
plies which actively going forward from the Atlantic
cities The question Of land tides 10 that which may be
most dreaded disturbing element Where these are
clear, attempts disturb sqaaters will eadl serious
iicultes and the latest advces afford evidences that
popular opposition the claims Of puiative owners
spreading and the difficulty of collecting increasing
One OF the most singular features In the worlds history To-
however, the migration Of Chinese American setls
of thousands Of years. which has hitherto
resisted all temptations and proof against the bayonfts
of England, have melted under the inhu-
of the yellow metal California possesses the key
the Celestial Empire, whose commercial gaos, gold
hinges turning, to let forth her mulform produc
likely absorb much Of the gold viii aay fea Of
speedy perabundance and San Francisco, with IL enter
psng merchants is already measuring the Pacific with
mercantile eye would be great pity that any obsa-
Gle should arise through want Of titles TO land M saE
The of gold which is already pouring into the
of circulation in the United States aordinga
strong basis banking Credits the effect being support
exchanges between the interior and the Auanc Du-
ring past year the increase Of bank credits has bscn
very marked in the shape of loans and discounts In
ton the accumulation Of specie actually In tho bank
vaults The following table is compiled from the official
Of the banks named in IL periods nearest 70 jan
uay 1885, and the aggregate compared with that result
ing from the of the banks the correspond
ing period year 41sfi