The weekly Placer herald., 1853-05-14

To muse DER the pot where together Bel
Bolt
And sweet Alice lie under the stone.
I A New SPECULATION.-We publish in
another column, extracts from the New
York Herald, in relation 10 the formation
o. new company, which it is said has
just purchased an estate upon Feather
river, containing valuable gold mines.
To u casual observer, distant from Cali
fforn;a, this new scheme looks plausible
enough, tut not so here. 1t is said as a
proof that no fraud is intended, that but
five per cent Upon the moiety of the pur-
chase money will be exacted, until the
purchase is appro we'd by board of super
vision. F,3 a."
Now we do not Know now much this
moiety is, but If five l'er cent were to 6e
paiG upon the whole pnrchase, 1t would
amount to very pretty sum, Prooac'y
enough to induce othe,' o,"efations OF a
similar character; something IKE hlty
thousand dollars would be real sen
But we are opposed to the t.ral. NC "h,c"
is going on abroad in California goiu-
bearing lands, for as yet there - not the
least certainty that the parties chain "hs
will hold these lands, and still create" u.',
certainty as to their holding the golo
which they contain. Not decision has
yet been made, which takes cognzance of
the gold, and we very much doubt whether
there ever will be one. Indeed the whole
policy of the Land Commission may be
changed.
But it was not our intention to notice
the probabilities as to a Confirmation, but
simply to assure those foreigners who
like to dabble in California mines, that
populous towns are located upon this
claim. Indeed, portions Oft contain very |
fine improvements, so many in fact, that
let ever so many men be sent out from
Europe to take possession, it wonld be
utterly impossible to do so under any cir
c,lnstahces. This is very well under
stood in California, hence efforts are made
to sell to Europeans, who do not under
stand the matter.
We admit, that it is not much matter
after the warnings have been given, i'll
some persons do lose their money in pur-
chasing imaginary gold mines; but there
is feature in this speculation which
should damn the parties concerned, for 1t
is an effort to swindle honest lahoring
men of their earnings. Shares are issued
of two pounds value each, so that they
may be distributed to men of small means.
1t is not an effort to cheat rich men, but
a combination 20 cheat those who are
worth but little, or stock would never be
put in so small shares, and peddled out
to the people. .ttre u.t
We think Californians should do all in
their power to discourage such opera
tions, for they are sure to suffer in the
end. Every trick of the kind tends TO
bring our citizens into dsrepute, whether
they are actually engaged in such trans
actions or not. They ere IA blemish on
the fair fame of Times and
Transcript.
FROM SHAsTA-By the Courier of
Saturday, we learn that there has been
another Indian fight on the trail between
Shasta and Yreka. Notwithstanding the
Indians displayed unusual daring on the
occasion, more of the packers were Killed,
although one, an American, bad his wrist
almost entirely severed. The Indians
succeeded in capturing and carrying OIL
nine mules and cargoes. a IN
A man by the name of John Fisher,
was tarred and feathered in Shasta, on
Friday, for attempting improper liberties
with little girl. He was in that cond-
ton rode on Il jackass all through the
town. -.f......., ....... ~ -H
PACK TRAIN.-A train of sixteen pack
mules, belonging to Mr.. Hall, passed
through this place on w Wednesday, destin-
ed for Gold Canon, Carson Valley
They were loaded with dry goods, groce-
ries, boots, shoes, ETC., for the miners in
that region. The train goes by way OF
!, .Johnson,s Cut off. -Piacerrllle NetOs.
The editor of the Knickerbocker says
he received on Valentines day a ecu
pid's Address" containing the following
.Oh! sweeter and fairer,
We're the fruits and the feedin',
3 When female was sha err
IL Inx.is,