The New York herald., 1851-09-08
latter, unlss, the standard Of proportions Of gold,

IN.
not practicable, and viii not be for years to come.
The Assay Office is working well, TO the satisfac-
ton of the public generally. The best evidence Of
this is found in tho fact that the estsblishment Is
Of miners and business men II not q public con-
venence, If partaking Of the swndllng character
attributed to by the editorial Colossus, it would
soon be dispensed with by general consent and the
nomination Of coin is desirable, especially in an eI-
clusively hard money country, cannot be denied.
With how much greater facility can business %
transacted, and payments made, IN coin OF tne
dollars in five and ten dollar pieces In the pas,
sage of the Law, Congress acted wisely; but still
more judgment and prudent legislation would have
been manifested had they gone still farther, and,
by special provision, made them q legal tender,
thus incorporating them amongst the current
authorized coin OF the realm.
The amount of treasure going forward to-day, is
about the usual semi monthly shipment, though
the first Of the month AS usual Adams & Co.
ship larger than any other houfe in the city-they
are followed closely by ths banking house of Page,
Bacon Co., who send by the steamer 1000.
larger houses tabshed ships gold dust to the
Atlantic side than any other TIVE in San Francisco.
The stability Of the house, the careful and correct
manner Of doing their business, give the tn most en-
here represent the firm of Page X Bacon, OF st.
Louis, one of the Oldest houses in the Southwest
The business in California is represented by Judge
Chambers, Of st. Louis, and Henry Haight, Esq,
turned to the Atlantic side for his family, and the
latter remains in charge of the immense business
during his absence. AS careful, judiciOus, up
right banker, Mr.. H. has few equals.
A day or two before each ste amer, gold dust
goes up from twenty-five to ffty cents per ounce
Yesterday dams Co: paid Sl7-about the figure
named above the market for the previous week
The commissioners of the funded debt of San
Francisco, closed their labor Of receiving city scrip
yesterday, aud will proceed to issue bonds as
rapidly possible, which to bear per cent
interest, payable in New York OF San Francisco
The amount Of scrip handed in, eaceeds one mil
lion dollars, for which half million in bonds
has already been issued, and the remainder will
he, as soon as the labor OF signing the coupons
can be performed In dischargng this duty, the
President and Secretary Of the Commissioners are
obliged to write their names over one h1ndred thou
sand times each
When I commenced this letter, did not design
TO treat entirely Of finances; but perceive have,
SO let il pass for to- day. Few other subjects Of
more interest TO your spectators on change. Any
thing which treats of money, stocks, or securities,
arrests the attention Of all Wall street; but if the
shrewdest OF that world-renowned locality make
anything out Of California, except by legitimate,
fair dealing they need not despair Of getting blood
out Of q stone. FRANK.
SAN Francisco, Aug. l-6 P. M.
Departure of Miners for the Atlantic StateS-Ari.
tai from, Otaheite- HhalerS-- GoH Dust, &c.
! sent my usual semi-monthly despatch by the
steamer independence, Captain Wakeman, which
left for San Juan del Sur yesterday. The intelli-
genee by her will reach New York probably ten
days ahead OF The mail steamer Oregon, whi,h is
about moving into the stream, carrying between
three and four hundred satisfied disappointed gold
seekers-sone with moderate piles" others with
scarce money sufficient to return to their families.
have nothing Of special intelligence to add to
my letter Of yesterday, which will fully "post up"
the readers Of the Herald concerning matters on
the Pacific coast for the pas. two weeks.
The load OF passengers taken by the Oregon
shows tha: she is still popular steamer, and hav-
ing peen entirely reftted and her ma hinery over
hauled, she j! in fine order, and will probably
make the -un down in sixteen days. The manage
ment Of this end Of The lire Is most satisfactory.
The company were extremely fortunate in securing
the services Of Captain Knight, in place Of tie for
mer gentlemanly agent, M- Meredith, who re-
extended line Of communication depends much
upon the conduct and oblging disposition Of the
employees. and ! ana glad TO nave it to say that
much Of The prejudice which has existed against
the y NJ. :. Co, is fas. wearing away Competi-
tion may hare forced more strict regard for the
conven ence of the travelling public, bat whatever
The influencing cause the result is most satisfac
tory yi. owl, sr.,v., ..ox, ,,,u :, -,
Douglass, Captain Ropes, l?s days from New
York, with merchandise, and the schooner Yate,
from otaheite, with $4,000 oranges. When the
Douglass sailed, the whaleship John was at Ota-
heite, full 20 sail .or home soon, and the Boston
ship Colchis
The anifes. of tie Oregon shows tha. she takes
81 ,S70, $50 in treasure. OF this amount, Adams &
Co. send the following
To New York. .,,...................s 1914 600
New Orleans. ................ 1920
TansIns '''''''''''' ''''.'.'''.'.''.s...... 1000
London ACKNOWLEDGEMENTS. $500
~ottit ........... t39o0JO
Page, bacon, Il Co. ship sSo6,OOO, more than all