The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-05-03
The California Gold Croy.

The arrival by the Crescent City OF nearly two
millions, per manifest, of gold dust from San Fran
cisco, is substantial indication Of what may be
anticipated through the current year from the
mines Of California. When consider that during
the last year the returns from the mines mate
rally checked by long drought, and that that in
tcrval was employed by thousands Of miners in
piling up their auriferous earth near the water
courses, awaiting supply Of rain; and that the
cent rains have been most abundant, furnishing all
Ne water desired for their washing operations and
when we further take into the account the immense
effects of the late floods in ripping up the old and
new water courses, and in laying bare new and rich
deposits in new and old diggings, and superadd to
these facts the heavy reinforcements Of active dig
gers and washers thrown into the mines, we should
not at all be surprised if the gold crop Of Calir
MIA, for 1852, to reach as high az eighty, or
even hundred millions of dollars.
According to the San Francisco Herald, ''the
amount Of gold dust shipped from San Francisco, and
landed at Panama, during the month ofMarch 1850,
as per records Of the U. S. Consulate was $l,02S-
500. For the same month Of 1851 it g. OILS no.
During the corresponding month of this year, 1852,
the amount shipped to Panama and San Juan has
been S2,537 ,704-being an increase, for single
month of 1921 929 over last year, and 81 500 l35
over the year before. This great increase it must
be recoected has taken place despite the disastrous
foods, which put stop to mining operations,
and cut of the communication with the mines du-
ring the greater part Of the month just passed"
Nor does the manifest Of nearly two millions by the
Crescent City, cover the amount brought by that
vessel. Large amounts by every steamer, and by a
thousand other channels are brought from the mines
t1oh on Ic &c No.
the amount regularly shipped and landed at Panama
Was $35 S92 0l2, while official documents show that
the deposits of California gold at the various T. S.
minis for 1851 were So ,2S3, 755, showing differ
ence Of s2l 1891 743 This difference can only be ac-
counted for by supposing the taken in private
hands, ana Of which 10 official or documentary no.
tice could be taken until deposited at the mint. The
amount therefore, carried away by passengers du-
ring the year 1851, averaged g. Gas per month";"
brought to our Atlantic States, to say nothing Of
the parcels which go TO Mexico, South America and
direct to England. But if the ascertaned shipments
10 the Atlantic States from the deposits at the mint
were upwards Of s57 600 900 for 1851, we may safely
estimate, under all the advantages with which the
mining season Of 1852 has opened, an increase Of
from fifty to hundred per cent upon the last years
crop Of gold.
Taking these data into the general estimate, with
the authenticated returns from the mines Of Austria
la only repeat that this vast increase Of gold
is destined to produce the greatest results in
and emigration and is also destined to effect she
most prosperous or the most disastrous consequences
to the property, the stocks the permanent invest
ments and all the fiscal and business relations OF
civilized society. In word, the rrodigious add
lions which may be expected to the specie currency
Of the world during the current year. and for seve
ral succeeding years, cover such vast and compre-
hensive consequences to defy all powers Of human
calculation. We can only reason from cause to
effect, and judge from the past, to limited extent,
what the future may be. We are entering new
epoch. eve are in the midst OF revolution'-a
universal commercial, financial, social and political
revolution. The advantages ours to control it,
and direct it, TO the fullest share Of the profits. 1t
is the epoch Of Young America. Old fogydom
may struggle yet awhile to resist the current but
they VINO cannot rdc with IL must even be content
10 be thrown ashore, or carried away by the tide.
COLONEL Fremont ~ LONDON. According to
all the appearance Of things Colonel Fremont is out
of his element in London, like 6sh out OF water
1t begins to be doubted by many d the Calfornans
here whether his plans in Europe will succeed at ALL
and whether he can sell his property IL competition
with the new golden discoveries in Australia. The
London capitalists will much more readily turn their
attention TO Australia in preference to California
and should not DC at all surprised 10 sec the vast
gold discoveries Of Australia entirely kill up Cali
iornia, and all Californian prospects in London and
E1ro1..