The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-11-13


Cherokee on freight olol8s
a., Parsepgers.. .-......... ZoO0OO
o9I0' passengers '''.'......'............. 100000
on ireight.. 10000
Prometheus passengers. Observation-Disclosures. 100000
Total. NEUTRALITY-SUSPICIOUS.. 81 oO9lo6
At this rate, the total receipts for the month will
be less than seven millions Of dollars which added the
receipts this year. to the 1st of November will make
an aggregate Of forty millions of dollars. This an i'm
mense importation, and may well create astonshment
This, however is but small portion Of the product Of
gold in California 1t is estimated that at least one hun
dred and fifteen millions Of gold dust will be produced
in California this year nearly one-haf of which viii
reach this port either in freight in the hands of pas.
sengers Since June 1915 when gold was first discovered
in California, nearly two hundred millions of gold
dust have been shipped from the ports of that country
to all parts Of the world, most of which has been
incorporated in the currency and has been basis Of
the wonderful progress every nation has made in every
department Of industry. 1t is this large and steady sup
ply Of gold that has given such impetus to every
species Of enterprise Works Of internal improvement
have come into existence ia every section Of the Union
our railroads and canals have been kept In active ope-
rstcn eur ship yards have been crowded with ships
and "a fast as they launched freghted at most
profitable rates to all parts of the world, banks
have been created in every city, and in almost every
town. and private credits have been enormously inflated
The basis of all these movements is sound and the pro-
gress has therefore been healthy and permanent In this
city alone, the number Of banks has increased fifty per
cent and the banking capital Of the country at large
has within the past three years. increased at corre-
spending per cent. To give an idea of the financial
movements since ls47, estimate Of the e.
paneon in public and private credits within the pact
four years.
EcREAsE IN Public AND PRv,rE CREDITS THE UsIrED
STATES.
Addition to banking capital in ell the States $50 600 O
Increase In loans and discounts of banks 9OOO0Oe0
Additional indebtedness ofncorposrted COM
pabies NEUTRALITY-SUSPICIOUS.. 1600000o0
Capital stock Of companies formed for
Increase IN individual credits, independent '''''"
Of the above. 2o0oOoOOo
Total. S57500oOyO
There are, no doubt items unenumerated enough to
swell this Aggregate to Fix hundred millions Of dollars
and we can the effect Of this immense expansion In
all the elements Of prosperity in the remote Sec
tons OF the Union We see in our magnificent steam.
chips forming lines to all parts Of the word-in our
fleet Of clipper ships which monopolzipg the carry
ing trade Of all ns,ons-in splendid palaces aud
storehouses-in thousands Of miles Of railroad
and plank rosds--in our elegant carriages--in
the crowds that attend all places Of public
amusement, and in hundreds Of other ways tn,
extent Of our prosperity and the permsnsncy Of the
foundation upon which 1t rests The gold of Csforns
has placed this country nearly century in advance 4
what would have been but for the acquisition Of much
mineral wealth We should have pleaded along in the
Old beaten path In our usual way In the absence Of the
great facilities furnished by the hardy miners of Cafor
nis and In time have reached the pinnacle Of national
greatness; but have lately taken giant strides and
cur progress from this time forth be with ghtnn,
speed For many many years struggled along without
the necessary capital to devslops our resources and
tard,d nv The want ~ ,ne,c,snt mean. rba, Az.
fcu,fy no Iepcer exists We bav. now ALI the
capsl AL tho credit we can desire and n w. onlv ma,
these elements udicousiy II will not be many years be-
fore we take the front rask among the comm. rci,l
nations of the earth We have shipped million. and t,ns
of millions Of gold TO Europe since the mines of Csfor
mia commenced giving us supplies. for which We hav, re-
eeved value in come shape IL has now become with IA
species OF merchandise and az such ,tape article OF
export II Is the most available medium for rsrulaiog
exchanges and as such will be continually moving be
tween the leadte m ,rospt,ls couniriss r,u.Lssh ,
itl. de,rsncs 20 us which vsv !, roes a. ,on
v,ven IN our nsonie sutscis,, r.m,n.r.,,o g. 81.
indp..rv
The rro,. sa-n,,,s q, Tho rsw w., q. uu
p.,rosa r,r,,..~ a.. -. -,
NJ tho ,..t ,,a -. -. =. -.
N,,, ~ -
r.ssstssrs -'' Wv ''' '''''o ssasss AZ
commu,aiion. ...................... 81 81
Freight '...'''.''''' 5000 %
49,, 5000 :,
Paid Harlem Read ....................... 1925 81
,- -
o,to,.r ,sFo gs ~
October 1s4a ...................,.... 3l377 "a
Increase in October 1870 over 1870 40 4oy g. In.
cr,Me in October. 1851 over 1850 sls24 I,-eaua TO
about thirty per cent The freight item in the return,