The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-05-07

IT charges commission upon all gold assayed and
stamped, and the ingots which it stamps not being
considered legal tender, and being only receivable
at the custom House IN payment Of duties, DO not
enter into general circulation, the bankers refusing
to take them except as Q special deposit. The
miner must therefore suffer loss on his gold until
Congress establishes mint here.
Agricultural prospects have frightened consider
ably in consequence of the refreshing and spring
like showers with which we continue to be favored,
and there no fears ex pressed for the return
for the farmers labors-it will doubtless be abun-
dant.
The Legislature has been more actively engaged
in forwarding the business Of the session since the
last mail. Three measures Of great Importance,
but Of very different import, have become laws
since then.
OLe of them is that repeating the ''Foreign Mi
ner's Tax Law" This law mpolitc in its
conception, unpopular in its execution, and injur
Gus in its effects. The evil influences il has had
upon the prosperity and prospects Of this State
have been incalculable. II drove out of the coun-
try not less than from twenty to thirty thousand
Nlexicans, Chians, Sc, who were adding much to
the productiyeness OF the mines and consequent
prosperity OF the State Now that this evil Ia has
been repealed there are strong hopes that numbers
of these miners will return. They are Industrious
laborrs, and what they gain in the mines they
spend literally, encouraging trade and commerce
wherever they are successful.
Another measure is that relative to the water
lots in this city, which have long been source
Of nquietude, and the uncertainty of the titles to
which nau Deen u cause OF great ucpre clatlon In
their value, and check to the improvement Of the
city This having become law, places, SO far as
the State can do, these titles on arm foundation.
Its effect has already been visible in the city, and
has given an improved tone to business and TO the
credit of the city.
The third measure is familiarly kno vn as The
chang law" 1t affxes the penalty Of death, in the
discrimination of the jury, 70 the offence OF grand
worth more than fifty dollars. THIS IS progress
back wards towards the dark ages. The adoption OF
this Draconian policy is justified by the representa-
tives from the mining counties (who forced It's pas
sagc), by the argument tina: horse steiling and
other robberes are so frequent, and prisons 0,
places Of safe keeping 50 scarce that tle people had
become exas per tied beyond endurance by the i'm
punity with which the offences were committed,
an would infct death on the perpetrators
without law, sooner than they should escape. They
therefore wished that ii death TO b. inflicted,
il should b in pursuance OF Law, rather than in
violation of it, the constant practice OF which woId
bcgct contempt and disregard for all law.
Indian affairs have a more satisfactory appear
ance than heretofore. number OF the tribe.
have consented to enter into n treaty. and accept
permanent location, while q DETACHMENT OF voian-
tcers, under the command Of Major Savage, of H.
dian notoriety, has been despatched against two
tribes who have word that they will not treat,
and it is believed if they be brought 10 bay
they will come to treat with the others.
The municipal affairs OF this city are in n very
singular condition to that heretofor prevailing.
Both political partcs-and third calling Itself in
depcndent-ne astir in the field, eiectng their
nominating conventions, Sc \ dill has been in
troduccd, and passed through the Senate, re-
chartcring this city, and prohibiting the Common
Council from contracting any debts exceeding
$50 600, unless previously sactoned by express
vote of the Legislature. 1t is to be hoped that
some s,sch provision win become a law.
Markets.
s,S Fa,Ncrsco. April l. 1851
Since last advice OF the 18th ult, the general
tion Of trade has not been favorable Arrivals Of all des
ponCing increase, hut rather Abatement in the de-
Inand Accounts from the up river mining aud Goa t.
there TO be considerably in advance Of the consumption
The influence OF all this has Of Affected business
here and with some uninportant exceptions we have to
note general decline in prices Of staple articles with
falling of in the amount Of business transacted The
subject of supply dispropoTtoned TO dcnand aud stock
in excess consumption has been already adyertcd to
in previous advices No doubt the experience already
CURED in this line viii prevent the recurrence OF SINH
lar future errors.
business dscoura that the best interests Of Cali
forna materially advanced since our last The re-
cent genial weather with the copious aud successive falls
Of rain has extended it, benefits over the country max
ing the barren and dried earth instinct with verdure
and produce, and giving 10 all abundant promise OF
timely and bountiiu harvest i" the mining interest,
the effects of the change in the weather
presented quite fayorabe expectations were
held q contT OF the dry scaeon. aud arrange
mcnts made in accordance with Some o.appc
mt inconvenience msy bc the result though We are
confident that the final effects will compensate FOR the
temporary drawbacks. The produc. from the general
mining districts onnues favorable aui affords fair CON-
pcnsation for labor The receipts Of dust into city
and several up river towns Will compare idvoracly with
that Of any past period
Mosr, MaaknT-Docs not present any new feature for
comment from that stated in our last Rates Of interest
range about per cent per month with but very few
transactions la Sacramento our hdvces state the same
condition. money l. extrava-anty high and equally DIM
cult procure The policy 81 Withholding banking
conn oistons though at present depressing to trade
interests. may eventual. in general benefit II Is an
exercise a discretion ON the part q capitalists rFobsb
sha
has ructuated little since last advice-prescnt Rates
show advance There l. little If any movement at
present Holders and buyers dcsr)us To await the
urth,r action q the legislature in relation to providing
til. ultimate fVaemrion Of the amount the
marA,, which seems beyond the ability Of the city re-
TO meet The sale nov at hand Of the city pro-
p.rty. lately granted b. the State, will IL u expected
tCriuce fsvoTsb,y 10 this end.
In Rr,l Esr.1r there i. not much change Lots out
eide business limits d. maintain former rates Good
city and lots have advanced Some security 10
this l. expected from tc recent cuactmcn, conveying
property to the city In which distinctions are laid down
and ,cogntlons made ot already exiting valid titles IL
u the uncertainty Of right ownerhp that has caused
the late d. preston In this department ami natural I'M
prov,m.nt may BE- expected ~ ensue when the question
will be- finally decided.
Day Goops. Sc-In these We have no material change
a. note since asi advice. The export demand for
the Sandwich Islands Oregon and southern coat trade
has fallen on We note stock in the iaicror up river
vp. - be more than equal to the umptpu with
pr,orcraie decline in recent purchase from our city.
idus n goods are rather more da! IL sac. prices how
ever a. heretofore continue SLIGHTLY rcmuo'tetivc % im
p0ttNrS. Brown khortlnE 10
cost f..h linens In fair request Stocks moderate
Cation fabrics generally very duh.
The demand for BlssLrrs has fallen on materially
liosnns Ia mod.rat. IL nand NoottIS laHnics gene
rally mo shirtngs. Sc. very duh 81 sale stocks
hand htGyy. In Suss, ssrIS7. snd nne dress gods
PRINCIPALLY ~ Chinese manufacture. the aeiasul j.
iy a. city use. quantity Ia thc parSt J. much b~yaaI
tie requirement
d. the Clasgn.c trade. prices have Ell downward
tendency In rINE GooDs lots tcard OF " public le-
10 not average than - per cent % tue ar-t cost
.inLrg cLGecs C5AnsE tLosiifS abort rather bn;-
,crr.tufn e importers without, however margin ir
proat.
root sHd g,,. continue 20 si1ivo III large quansiiie'
aud are pressed al public rsi.s 81 further reduction
The conditions hich com sinncnts ere ,bsra!iy
etiycd render Necessary - make prompt clnran.e u
uctd Whth under the ordinary circum';anecs VI trai'
could bc iestrvrd for more favorable naffst
Utif,dnn Haze and Care ATE excessive In supply -
Average whtealp price j. shput - per cent under cs
Trss-Thorc !. very itil. moyrmcn' tn tendency
seems "a her decline W. note considerable sales
within the last f,w DAYS F fair article - Duns iiy.sn
- ~ PIE Tho stock II teas J. very large. .oei