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

who went ont last spring have returned with Al
ample reward for their lsbors and prvsiions. The
market IN California Tor the products and manufsc-
tues OF The Other States Of the Union will eahance
prices, which, with the gold collected and brought
home by lsborng people, will dlffuse degree of
wenlih and comfort hitherto unknown among
| them.
The quicksilver mines Of California are beloved
10 be numerous, extensive, and very valuable.
There is one near San Jose, which belongs TO, or
il claimed by, Mr. Forbes, Of Topic, In Mexico.
The cinnsbar ore, " hch produces the quicksilver,
lies near the surface, is easily procured. and be-
litved TO be remarkably productive
Discoveries of other mines are reported, but no
certain information respecting them has been
made public. Ii Is, undoubtedly, fortunate cir
cumstsnce that nature. in bestowing on Cali
forDia such vast metallic treasure, has provided,
almost in it's immediate neghborhood, inexhausti-
bic stores of Quicksilver, which is 30 essential In
gold mining.
The policy of government with respect to these
mines of cinnabar should, in my opinion, be quite
different from that which have felt II my duty to
suggest for the management OF the gold region.
AS soon as the. necessary explorations can be
made, and proper information obtained. 1t will be
well 10 offer these mines for sale, and commit their
develops INT TO The hands OF private enterprise.
1t ID believed that there are extensive beds OF
there is no Information sufficiently accurate re-
speeding them, to justify any statement OF their ex-
sience or value.
have already alluded to the propriety of estab-
III
many respects. AT this time there is not coin in
The country 10 supply currency. Much dIfhcu!ty
is experienced in procuring enough to pay the du-
ties on importt goods. The common circulating
medium IL. Their, fore, gold dust, which is sold at
$I5 so to SIG per ounce. In the mines il Is fire.
quently sold much lower. The miners, the labor
ing men, the sufferers from this state OF things.
Thcse who purchase and ship gold TO the At
lantic States make large profits; but those who dig
lose what Others make.
have estimated that there will be $50, OOO, 900
collected during the current wear. At si6 per
ounce. that sum will weigh 3,I25, 900 ounces,
Gold, at the United States mint, Is worth SlS
per ounce, making difference In value, on THIS
qua, try. between San Frepcisco and New York,
OF 81. 250,0t wh'eh would be saved TO the miners
by the esiablshm' n, ot mint
have also suggested its importance as means
OF promoting ard incres sing our trade with the
west coast of NJ. xico and south America.
IL is not doubted that the construction OF rail-
way scicss the Is'hmus ot Panama, and perhaps
the tsubiis hment of ether lines OF communication
be- weep the TWO oceans, viii give To the produce
and nuactures al the older States OF the Union
command ef the market Of California. 10 the ex-
cluslon, in great degree, OF those OF the west
coast
| mint will therefore become Of the utmost i'm
poItsnce, TO give such marketable value TO silver
| bu ion Us TO enable the merchants OF those coun-
tres To keep up and increase their intercourse with
| our principal ports On The Pacific
The silver bullion shipped To Europe from the
| west coast oi Mexico, amounts To more ihaH ten
millions Of dollars per sunum: From the countries
On The vest coas, of South America, probably an
| equal quantity. That from Mexico goes 10 pay for
| European imporatons into her ports on the At
| lsbric side. -,
| Amsrket at San Francisco for this bullion, will
be The means OF substituting American and Chi
/ pese fabrics for those of European manufacture in
all those countries. This will greatly increase the
! trade between China and California
have the honor to be, with great respect, your
most obedient servant,
fSipned) I. BUTLER KING.
To the Hon JoHN NJ. CLAYTON,
Ssrffory Of STATE.