New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1850-03-30


hound sni drain the valleys
system Of drsinsge, which wOalA .l.o ~.
| cure irlgstson. Is absolutely neceessry 70 xiya
value 70 the great plain q the Sacramento and
san Joaquin. This valley = % exteasive aai
level, that II the rivers passing through IA were
never 70 overflow their banks. the rain which fslls
| IN Winter would rSDdsr greater portion Of Il init
iog cultivation. The foundation OF such system
can only DC established in the survey aud sale Of
I the and.
+ IR.s Goa 3, done 81 layAg ca csaals saS
drasss at ssHsble disiaRcss. asa 81 prorsr dare.
tlogs, Gad loayiAg r,is m3reIHs % As urs-s, lAat
ftey way Aa,e nS7fy 81 NON 70 iRcrsase fse.r
chGHEoss rkca tseir rGfers sAaI u coaRaei sriiksa
/ tteus 81 srsbGakleals.
1t would &c well $50 u regulate the price Of
these lands 81 as 70 meet IN some degree, the ca.
pense x draining them
This system would. when agriculture shall Do
come pursui, IN Csisornia make this valley oas
OF the most beautiful and productive portions Of the
Union.
COMMERCIAL RESOURCES
The commercial resources Of California are. at
present. ouuded entirely on her -asfagic WeIltA--
her vssI minera. treasures Remaining andeveloped.
and her fertile sod almost wholly neglected and
this must continue - be the case IS long as lsbog
employ ID in collecting gold shall be more pro6tabs
than n any other pursuit which can furnish the
sinews q commerce.
The day IS probably not distant. however when
her minerals, especially the quicksilver mines VIII
be extensively and prohsably worked.
Gold Is the product oi the country. and Is imms.
iately washable IN an anconed state kg all the
Purposes Of exchange. IL Is not there. as in other
countries whore the productions OF the esTth and OF
art are sent IA markets--ioretgn % domesslc--to
be exchanged Nr the prec ous metals, or other
tcles o, vsluc There. gold not ony supplies the
medium OF domestic trade. bat VI oreign oom.
Mcrcc
fh. a. 70.
be unfsvcgable "a all extensive Intercourse with
other parts ol the world. because OF tho want OF
return lreighis Of horne producfIOs oT the vast
number %. vessels which vii arrive with supplies
These vessels however, making nv calculations
5n return csrgoes. Wi estimate the entire profits
Of the voyage ON their outward ireishts. snd 10
come. On ther Srriysl willing carriers TOR Non
parstiyely small consideration.
This tendency m the coarse OF trade. t would
seem must make san Francisco a warehouse too
toe supply. o. certain extent. OF all the ports Of
he Pacific. American, Asiatlc, and the Islands.
Almost every article now exported by them
finds a ready market IN Csiiornis. and ths estab
h.hmont OF a mint wi, bring there also the silver
buhon amounting 10 more than ten millions per
snnuni nom the west coast OF Mckee. and per.
hsps ultimately from Chill and Peru to be asssyed
and coined
Vessels boand round Cape Horn, VITA cargoes
or markets On the American coast OF tho Pacific
winds and standing broad of the Cape. make
the voyage to san Francisco a as short a time -
they can % Valparaiso OF any port south OF Cslof
MIA Vessels have sailed from our Atlantic ports
70 san Francisco an loss than 100 days. and they
have been. Ia than one instance. over 30 days
in gong from Panama 20 San Francisco.
This astonishing difference, in time and distance,
was caused b. the course OF tina winds. and the
gulf stream OF the Pacific, mentioned In my 10
marks on tho climate If Caionls
The vesss from oar Atlantic ports took sdvan
taye OF the winds by steering from hs CAPE a. tar
INTO the Pacific % be enabled 20 take course
vest OF the gulf stresm IN sailing northw srd. thus
a,sling themselves first OF the southeast, then OF
the north west trades, and avoiding opposing
currents
The vessels nom Panama were kept back by
Gains adverse winds. and currents. IL will DO
perceived therefore, that there can bo ND induce
ment Tor vessels bound round Cape Horn with
mixed or assorted cargots, 10 stop az VALPARAISO
Csllao Gaayaquh, or any other port 90 the west
coast because the exports OF all those places VIII
sock market at San francisco and their supply
OF merchandise refarn frcigh, will be delivered
81 less expense than It can be by vessels direct
from Atlantic potts, American or European. This
tendency of trade To concentrate at San Francisco
wall be aided by tho course OF exchange.
God dust Is worth but eli per ounce IN Chill
II is worth els At the United States Mint II, there
fore a merchant OF Valparaiso has 10000 ounces
IN San Francisco, received In pay ment iOE Lumber.
barley -four, OF othes produce, and desires al In
voice OF goods from the United States CT Europe.
he will gain $4,000 at tho outset. by sending hls
gold o. New York, beside saving something oa tho
freight aud insurance, and at leass one month's In.
terest.
The countries on tho west coast OF America have
no exports which find a market in China, or other
ports Of Asia San Francisco will therefore become
aot only the mart of these exports, but also 81 tho
al Iudfa rad In
exchange for them, which must be paid Tor, prin.
cipaly ia gold coin ~ gold dust. Neither gold
coin nor gold dust wll answer az remittance 10
China Gold in China, - not currency Ia any
shape nor is Il received IN payment of import
duties, or taxes land. or On tho industry Of tho
people.
The value Of pure gold Ia China q not far from
g. the ounce Hence. ghe importer Of rnanufao'
lures and products OF india into San Francisco VIII
remit the gold coin or dust direct 70 New.fork, iF
investment in sterling bills on London. These bills
will be sent to London. aud placed TO the credit o.
the firm in China from whom tho merchandise had
been received and Who on learning Of the remit
lance having gone forward 10 their agents, WI
draw SIR months Hgh tiH for the amount which
will cell In China at the rate OF four shlliogs and
tro pence or tsree pence per dollar
have stateme Mt before me from one Oh the most
eminent merchants ard bankers OF New10rk, who
vas for many years engaged extensively In the
India trade. which shows that the profit or gain on
ten thousand ounces Il gold, thus RENTED. would
BE-. Observation-Disclosures. ss-sss fSffo' ~
And that the loss On the same quantity,
sent direct b. China would be ...... 1900 20
Total difference ia profit and loss in favor
81 the remittance u New York. .....e3 0.0Jt ~
II will thus be perceived, that nature has 20 ar.
ranged the winds and currents Of tho Pscihe, and
,oo,ed of her vast treasures ia the bills snd noun
tai1s O.. California as 10 give 10 tho hartor Of Ban
Frsnei,co the control OF tho commerce Of that
ocean, as far az il msy be connected with the west
cOastO America
Iuoo.tant as the commerce OF tbs Pacih" On
doabtedly is, and viii be. 70 CsiiOrnis II cannot
now. nor will il ever compare IN magnitude and
ya!ae 1, the domestic trade between her ard the
older States Of the Uinon
Two years ago California did not probably cen
tain more than 5000 people. That portion d u
1hich hes since been 80 wonderfully peopled BY
American citizens wu, comparatively, Without
re.oarces, and not supplied with the common com
iorts OF shelter afforded By a forest county
Mountaineering the great distances em'granss
have been compelled ~ travel 70 reach the Tent
tory more than 100 900 have overcome all dIihca
ties and spread themselves over Its hills and plains
They have been supplied from distances as great
a. they themselves have passed, vita not only tbs
nsceaanes. bat the comforts and many Of the luz
gnes Of life. Houses have been imported from