The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-05-19


schr. Ariadna, Jacme do. 49,. 400
sehr Albert, Aux Cages, do. 49,. go
Schr G. H. Hale Cape IIayti do. -. 1000
ship American Congress, London, Mex dolls. 10000
DO. do. do Am. hf. do. 25-0e9
Ship New York. IIavre American half dollars. 103T09
do. do. do. American gold .....,.. 320S0
do. do do. Eve francs .......... 5000
Total from May 10 to May l7.............. ss2s653
Previously reported. .................... 025236G
Total for 1851. ...........,.........S loosl ol9
More than half Of the expectation last week was
Of American gold. The Bank Of England has adopted
resolution TO purchase for the future American coined
gold (eagles) at fixed price, the rate being f3 49, Sd
per 1t is ted that under this arrangement
a remittance be made from New York to London at
cost which would be equivalent to bin Of exchange
ga per cent premium This viii be likely the
shipments Of gold from this country the last quotation
ofexchange los per cent premium The price Eng
lish coined gold at the mint in London is f3 u.s. 10
which is equivalent to about eighteen dollars sixty
eight cents The price Of American gold according e
the arrangement, is eighteen dollars and thirty
cents The capitalists Of Great Britain striving to
get hold Of the largest portion Of the gold products of
California, and they viii leave effort untried to
Until within the past three years, the English govern
ment and British capitalists have controlled the
ments of the precious metals Up to the time California
was acquired and populated by the people Of this country
most Of the gold and silver from the Pacific shipped
direct to England and the English thus enabled to
control the money markets aud financial operations Of
the world The silver mines Of Mexico have for many
years been in possession of the Rothschds and other
British capitalists, and the products Of these mines
were all taken TO London. The commerce of the
Pacific in the hands Of the English aud returns
were made, in gold and silver, direct to England.
In this way, the British have accumulated an immense
amount Of bullion ard have been the money lenders Of
the world The first check they reccive the frst
movement made to deprive them Of this power
in the financial world-was the acquisition Of California
by the Of thu United States the rapid emf
grafton Of people to that country the compct
ton which has arisen in the Pacific for the commerce
and navigation Of that section Of the world Three years
ago we owned but few gold mines Of moderate extent
We now own more than those Of every other nation com
bined. Three years ago had not a single steamship
on the Pacific; have than fifty largest
class. Three years ago, had a few merchant ships
trading from port to port have several hundred
first class ships In one port and many engaged
in the transportation Of the products Of every country
bordering that ocean Railroads shin canals dry
docks, and naval depots, in contemplation where
few years since, few scattered Indian huts A.
wonderful and astonishing all this may appear to the
people Of the old world 1t Is considered nothing extraor
binary on this side Of the Atlantic We have become 40
accustomed to such things that they excite no sur
rate California win, in short time, b. sufficiently
populated when the same uncomfortable sprit that
carried the Thousands and tens Of housan ten thou
sand miles from the place where they were born
10 lay the foundation Of State, will require some
outlet some new country to explore territory
to populate some new mines to work, other people
with whom they anagamae raise In the scale Of
civilization California has already become too wen known
aud Its resources are too much developed attract the
attention Of emgrants from the Atlantic States Oregon
VIII receive large accession its population this year
overland from the valley Of the Mississippi and Ohio
rivers but the time IL not far distant when the most
valuable mineral regions " Mexico viii be visited peace
ably Or forciby, and populated by our people The.
mineral wealth Of Mexico has not been lost sigh. Of by
the acquisition Of California and the public mind for
some time pat been turned TO that subject hands
the product Of the silver mines would be increased ten
fold and II absolutely necessary sorse movement
should be made TO preserve possible the existing pro-
portion in the supply Of gold and silver The enormous
productions Of gold in California through the indomi,
able energy and enterprise Of pee pie must IN few
years have very material influence upon the value OF
that metal compared with silver unless something i
done TO Keep up the existing comparative value There
j. very little danger Of too much gold being produced
The increase in population and property ia the settle
ms mt and cultivation Of territory, In the commerce o.
the world Is 80 repd the necessity for developing the
Of the world IA daily becoming 90 great ami
the construction Of works Of internal improvement 80
much required that the production Of these minerals
which all nations have made legal representative Of
every species u property l. not likely to be more rapid
than the wants Of the world requires but there danger
o. tho relative value ofgod and silver becoming changed
unless the working Of the silver mines Of Mexico and
south America Is carried actiyer. THIS can be
accomplished only by their coming into possession
and their operation upon system similar to that prac
tied successfully in California Perhaps such an
event i not far distant generally anticipated
bids r tho FIRST mortgage bonds Of the soaboard ana
Roanoke Railroad Company for three hundred ard fty
thaufand dollars, will be received viii b. By
notice In another column, until Saturday the sst inst
Thee bonds secured by first mortgage on the en-
tirv property Of the company-franchises income &c
acquired or hereafter to be acquired They bear
nsrts. Al the rate Of per per annuns and
rsdstmnbe 81 the Merchants Bank In this city tho
President a which holds the mortgage in trust for
The hcndholdcr the 1st o. August 1890 This mort
rge covers the entire line % the road from Norfolk vr
gnia 70 South CASTOR the Roanoke river, in North
Carolina, dance Of 20 miles, which will have cost
whsn ccnrlcted, including the original outlay.
ftooft0i AMI the trus.te i empowered in Of sixty
dsss default n thepey mcnt a interest principal ofe
bonds r. take possession or and cell the whole
sny Tart q the same including the franchises, income
and pefy 4 The company, Of every description,
acquired " hereafter r. be acquired Tho whole amount
4 ne bonds authorized to be issued is four hundred
thouSard dollars a. which the amount offered for
saie has been sucd by the company in payment prnci-
paiy for the heavy rails with which the company
W.lawlu hair frarE haas Co. h.