The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-04-14


compcs US to leave out large amount of interesting
reading matter. We trust, however, that our read
ers will be Unidentified by perusal of these adver-
tisements, containing, as they do, much to interest
them, in every department Of business.
Progress OF Mining In California and Aus
trana-Important Results.
According to accurate accounts from England,
wc learn that during the last three months, about
eight or ten joint stock companies have been formed
in London, with an average capital Of a million of
dollars each, for the purpose of commencing the
business Of mining, on regular, scientific system,
with all the applications Of machinery and large
capital The agents and engineers employed by
some of these associations accompanied by their
families, have been arriving in this city, on their
way to California, and some of them are even now
here, waiting for conveyance to Chagres and San
Francisco. This extraordinary mining movement
commenced in London, last October and November,
under the auspices of Gen. Wabrdge, Of this city,
and the Hon. Mr.. Walker, of Mississippi, who have
been the pioneers of that important Organization
organization that in its results may revolutonize
the commercial world in ten years.
We also observe by the English journals, that FIVE
six similar associations, joint stock companies
have been likewise organized in England, much about
the same time, for the purpose of gold-mining in
the newly discovered mineral region of Australia.
These associations will send their agents and eng
neers, and miners and workmen, by the way Of the
West Indies, across the Isthmus Of Panama, direct
to Australia The Amazon steamer, that recently
burnt up on her voyage from England, had fifty
passengers, intended for this enterprise in Aus
tralia.
These two movements in the mining business in the
newly discovered mineral regions of California and
Australia, calculated in the course of year or
two, to produce if successful only in tolerable de-
gree, at least addition Of hundred on one hun
drod and fifty millions ofdoliars IN gold, annually to
be added to the circulation of the civilized world
Take these movements and their results, and add
them to what has already been accomplished by in
dividua diggers, with shoyels and pans in Australia
and California-these wonderful gold countres-and
tits not unreasonable to expect that in three four
years. from t,co 10 three hundred million dollars of gold
will be added annually, by the labors OF these and
other companies, to the stock Of the precious metals
of the civilized world. The effect of sue addition
to the measure of value, acknowledge by COM
merce and civilization, may be estimated in the
course of five, six, or ten years. 1t will be tremen-
dous, and operate on prices, on public stocks on
the value of property Of all kinds to an extent that
has been utterly unknown in the history of human
events, since the first discovery Of America and the
rich yield Of the Mexican and Peruvian mines.
When these projects were first started a year ago,
in the London market, the sarans and biologists
set their faces against the statements of practical
men from California on the ground that gold was
never found in the original rock but merely gathered
fha nd cd &c H.
But the specimens taken out from New York to Lon
don were of such extraordinary and palpable charac-
ter that all the theories Of the biologists regarding
the nature and character Of gold were blown to the
winds by ocular proof to the contrary placed before
their eyes, and within reach Of their thumbs and fin
gers. As soon these facts upset the old the
cries, the moneyed men of London commenced organ
izng these associations, dividing the stock into small
shares; and, since the month of October last ii is
estimated--as We have already stated-that ten mil
lions Of dollars have been invested in California asso
eiations for mining purposes, and about FIVE or six
millions Of dollars in similar associations in Australia
and elsewhere The prospect ALSO is that before the
termination Of the present year, iicey thirty NIL
hons Of dollars in London, and ten millions on the
Continent, will be invested in the shape Of mining
and scientific associations for the purpose Of prose-
cutting the search for gold in California and Austria
lia thereby adding TO the currency Of the civilized
world at least from hundred to two if not three
hundred millions year.
We verify believe, from the information procured
from London Paris, and other parts of Europe CON-
bined with what we learn from California Australia,
and this city, that this commercial and mining
movement the Pacific is only in its infancy, and
that, looking over the whole Paciic-comprising
California, Australia, Japan, and all the novel coun
tries and islands in that mighty ocesn-we are in
the beginning Of commercial and industrial move
ment that will surpass anything which has ever
taken place in the history of commerce-even beyond
that which walked up Europe after the first discovery
Of America by Columbus.
The GEORGIA UNION PARrY.-The movement
made 10y portion Of the Union party of Georgia,
to send delegates to tho Baltimore Convention, is
losing ground-it Is done for. And no wonder
This Union party is made up almost entirely Of the
remains OF the old wing party, and they may well
have their msgivngs of going up 90 Baltimore upon
the naked platform Of the Compromise measures
At meeting Of the Union organization Mt Augusta,
Inst week, they resolved to stick to their Union plat
form. And they further resolved that they deem
the representation of their party in either Of the two
proposed National Conventions, inexpedicnt under
existing circumstances, aud incompatible with its
position before the country" Acting upon these
views, the meeting at Augusta appointed four dele
gates TO attend a State Convention Of the Union
party, 70 be held at Hil!edgcve the I'D instsnt
From similar movemen,sin other parts Of the State,
the Convention viii, doubtless, be well represented
from every section and from the general tone Of
the Union party movements they will there resolve
70 bold Of from both the oil party National Con-
yentons, aid wait to what course they viii pur-
suc on the Compromised. II the wings and demo-
crats both give these the lodge, the cut
direct and especially il Cas- and Scott NE noni-
lateg uIon this Plan, her We may expect Tie Goor-
NV Iinon lariy 70 PIT up an Independent Union
eeh9'--i tthls thlu.pre and should not be the
i s. s'll" ~ II lhe sa'ne party in Alabama,
W. h.A iiii. Ola 0'hcr states, were TO
t.tf r 4