The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-07-23

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The which win be conveyed to the United
States BY this amer IL Of absorbing and painful In
terest The disaster that has laid in ashes ths most
thriving and most wealthy portion Of our city-fol
lowing fast Il does the footsteps Of the hre Of
4th Of Mays the latest as IL Is by far the most i'm
portsnt item OF intelligence IL will no doubt excite
good deal Of surprise that tho business Of the city
sustain many shoe Ks without being wholly
protrated indeed we doubt II such manifold disasters
could been well borne In any other city In the
world We rejoice 90 be able to state that the enter
prise Of citizens although It has received severe
check by the Ere of Friday last has nevertheless not
euccumbed ben sth the misfortune In passing through
the still blazing streets hour and half after the
fire had been subdued, we saw carpenters busily em
ployed RELAXING the foundation OF building that had
been torn down but two hours before and various
contracts 10 have buildings immediately erected, had
been then concluded, by some Of those who suf
fered heavily by the freso interchangeable IL the enter
prise Of our people IL will be seen by the report Of
effort being TO prevent the recurrence OF such
awful calamity Artesian wells will be sunk, reser-
vors constructed, hook and ladder ana engine COM
panes have been organised by Of most active
and energetic young and u is most certain that
no means win be left uutried 20 preserve the cty in
future from such overwhelming misfortune. IL can.
not however be concealed that the losses consequent
on this Gre will exercise most depressing influence
on business operations for some time 10 come.
The intelligence from the mines IL OF such nature
to prove that there will be greater quantity Of
gold dug out this summer than ever before. We
scarcely know which valley the San joaquin OF the
Sacramento, has sent out the richest specimens; but
the gold comes from both regions In sufficient guam
titles to prove that there bat little extravagance
in the assertion that the IL inexhaustibe IL has
been found. too, far north Oregon, and az far
,routh as the mountains Los Angeles There APP
pesrs to be ridge Of gold bearing quarts running
the whole length Of the country almost north and
south The ere has been found richer In the noun
tans Of Los Angeles than In the mines Of Mari
posa We have large from both localities
As found in the former place, u win require the
poyment Of science and machinery-the TO direct
operations, the other for grinding the rock-snd with
these two agents engaged. II will sford-from the In
mense quantity that exists-sufficient employment
and compensation to three fourths at least OF all the
superfuous labor Of the United States.
II will be seen by commercial report, the
rscy Of which may be relied upon that business has
been dropping for time past In all principal
cities In stockton, the merchants ascribe this de-
preston. In some measure, 70 the operation Of the
law requiring foreigners TO purchase licenses The
law wac ss might be expected, extremely unpopular
at fret among that class OF miners lsttey they
become more rsconced 10 lite operation, and have in
most instances we believe. returned TO their work
The law will become nullity soon ss the act Of
Congress admitting California into the Union shall
become ofaoially knownto our State authorities
Tire recent murder 81 Glanton's farty by the Yu-
mas AZ the north OF the CHA. has caused order
10 issue for detachment ~ United states troops to
proeesd point for the proestiou of smisrsnt
and for TIE punishment OF the murderere. Csptun
Lyon has Aiso proceeded 70 the bead waters Of tbs