The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-05-20
The Wenlth of Australia.

From London journal of Commerce, May
by the accounts which reach this country from Aus,
trala, it would appear that the wealth OF ths Colony
at present to he inexhausble far as gold
stitu'es wealth Our latest accounts come down 70 the
3lst OF January. Still there relaxation in the
search for the precious metal and difficulty in OBJ
tanning wherever it sought for There is indeed
every probability hat years wiz elape without d
intuition being pcIienced 10 the yield Of this golden
store By every successive arrival we hear of fields
those places where workings have ALREADY been carried
consequently there is constant mig ration from
place to place to reach the latest expecting it to BE- the
richest store Of wealth The increase Of population il
such county il necessarily very grsat-not only
through immigration from Great Britain but from the
whole OF Europe; from America, from China the East In
dies and mary Of the slands in the Pacific Still ii does
not keep Pace with tie demand for labor. Common
labor, it is stated is high los. l2s per day
and even at such high rate it is not aainnbIe in ,uf
fcieHt quantity. Gold, however, is not the only
source of wealth in this extraordinary region. Cop
per ore Of the richest description, is Of its
ports and vessel, which arrived on Thursday last,
brought home, besides gold TO the value Of $4,000
no lees than 2,0,S ipgots OF copper. Nor Is the
mineral wealth Of Australia confined to these metals
coal ia 70 be Ind there in the greatest abundance al
But perhaps after ell the greatest and most durable
riches Of Australia will be found in the productions Of
u. soil Wool its great staple. must be TO it never
failing source Of wealth 1t would however, be limiting
the of the colony very Il wool to DO
lis only agricultural production The manufacturers Of
England have been long anxious to ger sppy Of cotton
fio other source bssdes the United states for
considerirg tho precariops nature OF political roa
tions With America and this sope~hat tuaammabe tenn
permanent 81 some Of the Americans must always b.
garied Insecure dependence for such important
article cotton WOOL IN the Australasia colonies England
Is presented with aMplc means for getting rid Of its de-
pendence America FOR cotton It's clearly established
that Australia might sufficient cotton not merely
and IL Ing to that The energies of tbs Austria
han pet pie have not been long aimee directed TO profit
able and so certain pursuit Indeed there is scarcely
sn article o. raw produce which England now Imports
from foreign countries which this colony might not
abuDdsntly supply We hope, therefore, that so
splendid region will have sufficient pruderce TO take
II a OF he
c,lcpy oilers TO 1t for fully developing its almost 10
exbanstiblo resources. Its sol ami ts climate point
out wherein those lie and tie gold Which Il
now 20 diusey gathered and often nprudently and
90 uDprohsbg expended Il crly the means to end
that end ought TO be the cultivation Of the soil.
TIE fret step towards desirable oh ect should he
what TO the present hour Is almost entirely neglected
the communication through the entire continentfor it
may be considered fifth continent 1t is extraordinary
that the British peope should have always been tsrdy
IN this peiin mary object upon which the future pros
lerity Of every country 20 much depends. Our North
American colonies might years srce have been rich and
ourishing had their been DEVELOPED bv free
nsroommunice 'iop The people now becoming alive
TO it ard in part II British America find that
the greatest activity prevails 70 suppiy what has so long
been requiIed the want Of which has retarded It's onward
progress n the plans which have been formed for
constructing railroads and other means OF intercpmmuni
cation Ia our Amercso colonies are carried out with
yigor the value Of those countries will b,eIe long be in
creased enfod and what at present desoate wastes
win become fertile des producing oil The necesserics Of
life With respect 20 roads and road making Australia
has decided advantage over North America. It en-
joys eternal summer, which offers no Interruption 70
labor: while America has rude and severe winter TO
contend with, snd for four five months Of the year
labor IL necessarily suspended Australia is but little
encountered with trees requiring be removed before
the poces Of road making be carried on The uDcn
tvated psrts Of America On the contrary, prevent
continuous forest u gigantic growth which Offers ser
Gus obstacle 10 the LABOR Of road making. Woorhch
before the recent discovery Of the precious metal In the
colony It's great STAPLE for expectation and its prn
ciLa weah-hes to be conveyed two or three hundred
miles from the interior 70 port Of shipment; making in
many instances the expense Of transit sqaal to, not more