The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-04-29

which is to work out the redemption Of Eastern and
Southern Asia, and the islands round about The
movement In all It's phases, will react upon new
field Of Ave hundred millions of people The bound
less markets and trade of the East will be opened
wide to our ships; and the vast commerce of West
ern Asia and the rich Pacific will recol, aud roll
upon our shores. The day is we'll nigh at hand,
when whole eargoes from Japan, China, Borneo,
Java, Ceylon, or Australia, viii be landed in New
York. ria the lsthmus of Nicaragua or Panama.
Europe will also feel the force Of general blood
less revolution, from these vast returns of gold from
California and Australia. She win feel it in the
prices Of stocks paper, money, discounts exchanges,
property, traffic, labor and everything Of which
money is the standard of value and exchange She
will feel il socially and politically. The new epoch
will break in upon the steady, old, jog trot European
system, and in everything else she will feel the i'm
pulse Of the continued influx of gold 1t will give
increased momentum to emigration from all the
Western and Southern nations Of Europe to our
shores Thus, upon every side, and in every way,
whatever the extent to which the general results
may reach, we shall reap our full measure Of the
profits of Australia as well as Caifornia-in COM
and in emigration, in cotton and in gold, and
in all the commodities which these will command in
the markets Of the world.
In the unceasng and increasing migrations from
Europe, despotism may there become more firmly
rooted for time; but when the time shall come,
and it cannot yet come for season, the revulsion
will only be the more effective. But in the interval
this great country of ours lies right in the way for
the lions share of this great golden harvest; and
the field Of enterprise before challenges us to do
xU;fl f1,nb ay ri E,;l
There is, however, in all things question Of So
Der prudence and discretion Thus, there will arise
out of these extraordinary gold products all sorts Of
frauds and bubbles, in the form Of mining compa-
mics, shipping companies, passenger companies, and
what not, got up by SPECTATORS, stockholders,
fnaHciers, and philosophers, swinding concerns
upon large scale, rs to some extent we have al
ready seem We have now, Of mining companies
perhaps half dozen in this city, while there are
scores Of them in England and France, organized for
the sole purpose Of stockobbing, till it shall turn
out most profitable to explode Let the uninitiated
beware of these South sea bubbles and Yazoo specu
lations, whatever the disguise they may assume
There better modes Of investment. Do not
trust them. Far better risk trip to the mines,
and trust to luck and hard work. But, enough.
These things arc but the excrescenoes upon the
sound and heavy timber They are the dross Of the
gold dust, and we are speaking Of the gold We
must repeat, then, that the golden discoveries in
Australia are destined in conjunction with Calfor-
MIA, to introduce the grandest movement in COM
merce, emigration and civilization, which has ever
been experienced in the history of the globe; and
that the immediate effects will be to place these
United States UNNECESSARILY in the front rank of all
the nations Of the earth.