Washington telegraph., 1851-12-10

FRoM CAuroRNA.-A San Francisco letter to
TIE New York Herald says
The legislative result will secure an out out
Democratic u. S. Senator in plsce qf MT. Ere
mont, and the action Of that body will result In
the election Of Hon. John B. Weller. The only
competitor to be feared, the Hon. Solomon Hey
denfelt, has just been elected Judge of tho Su-
preme Court.
The election of Col. Weller IL "fxed fact, !"
unless the State Executive should defeat i by q
called session of the last Legislative The subject
has been generally discussed ioI the past two or
three weeks, and at one time was decided upon.
Gov. McDougal was candidate for renominatIon
by the Democratic convention, but failing to be
renominated, it is said be exerted himself in favor
of Maj. Reading, the Whig candidate, and should u
he carry his disappointment still further, and call
an extra session, il is not improbable tnat Wing
may be elected The last Legislature was not
made up of party men, and may, therefore. be
easily swayed by one influence and another.
The only hope for T. Butler King, or any other
Wing, is in inducing the Executive to Gall the
Legislature together, under the PTetext that the
interest of the State requires that she should be
fully represented in Congress at the opening of
the session. Gov McDougal has done some
queer things since his accidental elevation to the
chair of State by the resignation of Gov. Burnet,
and this movement would not be out Of character.
He is a curious Governor.
The amount of the debt Of the city Of San
Francisco, for which bonds have been issued, is
s. ,3000 900, the semi-annual interest upon which
amounting to $65, 900, is payable on the lst of
November. Every exerton is being made to COL
lect the necessary sum in time to meet the first
coupons due, with good prospect Of success
The credit of the city depends much upon the
payment Of the semi annual interest now about
due. That disposed OF, and our bonds will be
sought after by capitalists for investment.
The assessed value Of real estate in the city,
for the present year, is 1900, 900; of personal
property about SIS, 100000 The revenue which,
it is expected, will be derived the current year, to
be appropriated to the payment of the city
penses, is as follows From licenses, $40O,OOO;
taxes, $l5O,O0O-making total of $55O,OO0,
dervatle from these sources aloue-a sum far
more than sufficient, if properly disposed, to pay
the expenses of the city government, and the
interest upon the funded debt. Since the estab
shment Of American jurisdiction over the city,
there has been expended, apparently for corpora
ton purposes, nearly $5,00O,000. For what, it is
almost impossible to tell Punderng of the pub
lie treasury seems TO- have been the business of
almost every man connected with the city govern
ment or who could get his hand into the peoples
strong box While San Francisco has accumu-
lated debt, already funded, of over one million
and quarter dollars, Sacramento owes only
1875, 1000, which was chiefly created by the con-
struction of Ievee seven miles in length. and
tho squatter difficulties. Sacramento bonds are
worth IS cents, while those of San francisco
range from 3S to As cents Our money has been
squandered while Sacramento has been more
fortunate in the selection of her public servants.
But in the future different state of things will
be manifest. The estimated saving to the treas
ury Of the city for the current year, in the single
item of reduction Of officials salaries, is $4l0,20O
"a sum sufficient, if economically expended, to
pay the annual expenses Of the State Govern
ment.
The convention called at Monterey, to take
action in reference to division of the State, has
not resulted in any definite mo, o,ement, princ:-
pally from want of concert. 1t is now deter
mined to call another convention at Los Angeles,
on the 10th of November next, to which every
county in the State is requested to send delegates
The subject has awakened considerable interest,
and the proposed convention will no doubt be
largely attended The politicians say "amen" to
the division project. They see in it fresh op-
portunity for political aggrandzement for spos,
place and power, aud you need not be surprised
to see two CALIFORNIA; knocking at the door Of
Congress year hence, where pow there "a but
one.