Weekly national intelligencer., 1851-02-22
CALIFORNIA INTELLIGENCE.

The late news from California is not of much
interest. The approaching election of State Sena-
tor is the great object OF public attention. The
Legislature assembled on the 9th January, but the
political complexion of the body had not been de-
termined. The election, it was expected, would
take place about the middle Of February.
Governor BURNETT has resigned his office, and
Lieut.. Governor McDoUGAL was directly after
wards inaugurated in his place. Mr.. ID. C.
BRoDERIcK was elected President Of the Senate.
Hon. THOMAS BUTLER KING, the new Collector
of the port had arrived and entered upon the duties
Of his Office.
The value of real estate in San Francisco
city and county is seventeen millions of dollars.
The aggregate OF tax is two hundred and thrty-fOur
thousand three hundred and thirty-eight dollars.
Business was dull. and gsois were frequently
sold for isss ahan prime cost The want Of rain
had been serious drawback upon the labors oil
miaers. The reported discovery Of depOsites o
remarkable value on the klamath river had thrown
San Francisco into a fever of excitement. The
Alta California Of the 18th says:
The great excitement in our city, for few days past
has been the reports of the immense richness of the black
sand found the in the region Of the Klamath river
Astonishing estimates have been put on paper and COM
pany formed for the purpose Of collecting the ssnd and de-
ermnng its value Such has been the excitement and the
tune for all at Gold Bluff the locality referred to- that
numberess vessels have been fitted out Of which have
sailed, and others daily departing If one half the es
mates well founded the treasures in the black sand Of
klamath are sufficient to give each California adventurer
fortune." r# aa asA
The Pacific News thus pleasantly describes the excited
doings at San Francisco
"And what has caused all this commotion Why,
company chartered the Chesapeake up to the Gold
Bluff and brought samples Of black sand which appear
ka al.r-I. -
sting Of some thirty persons Immediately formed books
opened, and eU shares only, all the stockholders would
consent TO dispose Of put into the Market and up they
went, like mammoth balloon inflated with gas. The
descenson of the shareholders in permitting eo others
pay their hundred dollars each for interest in the
which to make them all RorHscHILDs and BARINGs-
on papr-wss highly commendable.
The stock divided into H. 900 shares Of l0O each,
and 1000 shares thrown into the Market for which
the original holders expect to realize O00 very small
compensation for division Of their prospective wealth. The
sand was displayed throughout all yesterday in all its rich
ness and numberess the American eagles that changed
hands at Kendig & Wanwrghts The entire had the
appearance OF meeting The result will be, Of course
unless the whole thing turns out to be supendous humbug
not likely, the original stockholders about thirty in
be will take the proceeds Of eleven thousand shares while
those that make up the aggregate Of 100000 in cash.
against the fictitious capital of the Others will receive dv
dend upon thousand shares The proportion is about
hatfu Of sand for the latter ship load for the former
When division is made would not be disposed give
bundle Of " old exchanges for the proceeds which
fall the gentlemen who put the cash into the pockets Of the
benevolent thirty citizens! t
"There may be and undoubtedly is, immense deal o
black sAnd Gold Bluff enough load all the ships in
the world unless The bottom Of the earth should fall through
into Chinabut the richness of it all matter of extreme
doubt But those engaged in the speculation have
California for the purpose of making pe, there is
probably little objection to their accomplishing their OBJECT
by dividing the spos of punde hundred dollars each
share 10 any other way The loss then falls lightly on
each, and be stood without caving in by any Who
bids for few shares of Gold Bluff stock Last call, gentle
only hundred dollars each and it's not all right
we'll make it righ, in the spring