The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-04-01


come, on their arrival, willing carriers for CON-
psratively small consideration.
This tendency the course of trade, 1t would
ssem, must make San Francisco warehouse for
the supply, TO a certain extent, of all the ports of
the Pacific, American, Asiatic, aud the Islands
Almost every article now exported by them aad'
q ready market IN California, aud the estao'sn
ment Of mint will bring there also the silver onl
lion, amounting TO more than ten millions per aa-
mum, from the west coast Of Mexico, and, perhaps
ultimately from Chill and Peru. to be assayed and
Vessels bound round Cape Horn. with cargoes
for markets on the American csast OF the Pacinc
can, by taking advantage OF me southeast trade
winds, and +" standing broad. oil the Cape, make
the voyage tn San Francisco in as short a time as
they can 10 Valparaiso or any port south OF Calf
fornia, Vessels have sailed from our Atlantic
ports to San Francisco IN less than one hundred
days. and they have been, IN more than one In.
stance over one hundred and twenty days In gong
from Panama TO San Francisco.
This astonishing difference, in time and dis.
lance, was caused by the course at the winds, aud
the " gull stream" OF the Pacific, mentioned In
my remarks on the climate Ot California.
The vessels from our Atlantic ports took advan.
taRe Of the winds, by steering from the Cape as Tar
into the Pacific rs to be enabled To take course
west OF the gulf stream in sailing northward. thus
awaiting themselves fret OF the southeast, then OF
the northwest "trades," aud avoiding opposing
currents.
The vessels from Panama were kept hack by
Gains, adverse winds and currents VIII De per-
ceived, there TORE that there eau be no nducement
for vessels bound round Gaze Horu, with mixed or
assorted cargoes, 10 stop at Val aralso, Calao,
Guayaquil, or any other port ON the ives; coast,
because the exports of all those places viii ssek
market al San Francisco and their supply OF mer-
chandise, as return freight, Will be delivered at less
expense than IL can be- ny vessels direct from At
lantc ports. American or EUROPEAN. Tns tendency
OF trade to concentrate at San Francisco will be
aided by the course OF excn ,nge.
Gold dust is worth hu, Sl7 per ounce In Chill. IL
Is worth SIS at the Uni"d States mint Ii, there
han s,t h.sf fh..tfs md
ounces In san Francisco. received IN payment tor
lumber, barley, flour, or other produce, and desires
an invoice OF good from thr UaIted States or Eu-
rope, he will gain 900 the outset, by sending
his gold 70 New York, besides wing something
on the freight and Insurance, aud at least one
months interest
The countries on the st coast Of Amerlca have
no exports which tiud market ~ Cniua, or otner
parts of Asia San Ffanci-co VIII Therefore o.
come not only the ct ihrs@ exports, but also
Of the PRODUCTS and manufacrnrcs OF India, required
in exchange for them, winch must 5r pad Tor;
principally. in gold coin gold duet. Nrlther god
coin nor gold dus; will answer rs II reniittince 10
China. God, in Chioa, is not currency IN auy
shape, nor is IT received IN piym-nt OF Import du-
ties, taxes land, or on the Industry OF the peo-
pie,
Til value of psre geld in Ch,ni is no, far fro n
fll the ounce Hence, the importer OF minufic.
lures ard products uf lnda intn san Franrisco viii
remit the gold cuIn or du-t direct 70 New York,
for inve s'meut in si-rlgig bills on Luudon. These
bills will he sent Ia London, aud pl seed 10 The ere
dit OF the tirm "a Cnint irom wnon the merch tn-
dise had been rrcrivrd aud who. IA learning ot
the remittance haylrg goue iurward IA their agents.
Will draw SIX months sight bill for the amount.
which will sell IN ChIoi At the rate o four shngs
and two pence or three pence per dollar.
have a statement hetOr- me from one ct the
most eminent merchants ant mixers of New Yok,
who was for many years engaged extensively
" IN the India trade, which shows That the profit
or gam on ten thousand ounces OF gold, IN re.
mitfed, would be . S3l,i3i IL
And tha, the loss on the same quantity,
sent direct TO China, would be. l56OO 90
Total difference in profit and loss in IA
vor 81 the remittance to New York. $50 OBJ ~
Ii will thus be perceived, that nature has so ar
ragged the winds and currents 1T the Pacific, and
disposed c her vast treasures In the hills and noun
taiDs Of California, 20 give Ia the harbor OF San
Francisco The control Of the commerce Of that
ocean, as FAR as 1t may be connected with the west
coast cf America.
doubleday h. and VIII b., to California, II cannot
now, nor will il ever compare in magnitude and
value TO the domestic trade between her and the
older States at the Union
Two years ago California did not probably con-
ram mcic than fifteen Thousand people. That por-
lion oi II which has since been so wonderfully peo-
pied by American citizens, was, comparatively,
without inhabitants. without resources, aud moi
supplied with the common comforts OF shelter at
iorded by forest country.
Notwithstanding the great distances emigran,s
have been compelled 10 travel 10 reach the terri
tory, more than one hundred Thousand have over
come all difficulties and spread themselves over ITS
hills and plains. They have been supplied IRON
distances great as they themselves have passed,
with not only the necessaries, hut the comforts and
many of the luxurics &C life. Houses have been i'm
ported from China, Chill. and the Atlantic States Of
the UEicn. AL the materials required IN building
cities and towns have been added TO the wants OF
people 20 numerous, destitute, and remote from
abe sources at supply.
These wants VIII exist as long as emigration
continues to flow into the country, and labor enr
ployed In collecting gold shall be more profitable
than its application TO agriculture, the mechanic
srta, and the great variety OF pursuits which are
fostered and sustained In other civilized commu'
nitlcs.
This may be shown, by mentioning the prices o
afew articles. Last summer and autumn, lumber
was sold IN San Francisco al $500 10 siOJ pet
thousand feet. AT Stockton and Sacramrnto city,
at tjC0 TO 5000. AT these prices, u could De made
IN the Territory, and many persons were engaged
that the Irce had fallen, at San francisco, To t7J
at this price, n cannot be made where labor Il
from tI0 10 sl5 per day. and the difficulties attend
ing its manufacture are much greater than Ia the
Atlantic States. Lumber Can be delivered IN ouI
large lumber markets TOR an average OF the various
qualities, of sl6, and irelghted TO San Francisco
for e2i, making . 30 per thousand feet THIS price
be abandoned. We may add $50 per thousand, to
meet any increase OF Price IN The article iseli, OF
the freight, and the price would he the SAM.
Its probable that the demand, tor several years
10 CcIe, VIII not DC less Nndn tNrhV Hii'hous w
feet per aonum, which, at go per thousand, vii
be 5000. 600.
When California comes TO have population o.
10000, which she will have before the close Of
the pfceent year, she will require near half NIL
lion Of barrels 81 leur from some quarter. and nc
country can surrly II "a good aud cheap as the ole
States OF the Union. Including freight and insu
renee, this may be set down as an Item OF about
$1,000 CO. The article Of clothing, allo wing 80
10 each person, would be si.000,00O.
There ~ no prrtensloa To accuracy ia tnese
items, and they may be estimated too high, but a
Is quite as possible they are too low.
of what the value of the trade between the Statei
cast Of the Rocky Mountains and California wii
be during the current year. viii vrntnre tbs
opinion, however, that ~ Will not fall short o
twenty-five millions of dolars. II may 60 Tar be-
yond that sum. At present, can perceive nc
cause which will retard or diminish emigration