New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-04-22

them he might have saved the State half per cent
interest and reduced the debt by the ~snced aInr ..
the premiums ever for the credit of the
STATE third parties stepped under tho advice Of the Gov.
ernor and the State cred was sayl and AT least the re-
duced interest
Now VIC h" the old per cent stock cancelled and new
stock ,,ued per cent and all this without any change
IN the law constitutional loss 10 the state compared
with last years offers Of half per cent and of the differ
ence between the premiums then and now
The continued Cow Of Mexican silver into New-Odsans
is finding It's way Philadelphia On the 18th nst s72.
COO reached New0rIeans $4,000 Of which was mmsdi-
ately forwarded the Mechanics Bank, and brig America
arrived At the same port on the 9Th nst from Vera Cruz
having on board $4,000 in specie
The annexed extracts from California letter Published
in Liverpool Journal received by the last steamer, throw
some light upon the prospects of quartz mining
The accounts given Of the doings Of come Of the
Quartz Mining Companies in some OF the English pSperS
and the startling prices affixed 10 some Of their shares IN
The Mimi J0Rrna astonishing and 30 little
Tanted by what see going here, that must not delay
any longer writing to you on the subject BY the accounts
given in the English papers any one viii be really led to
think that these Quartz Mining Companies going on
most perosv aid that they are in fir way OF reals
ing all the golden hopes cntrtsned bv the shareholders
but the things in California different from the
counts In short. all these companies, lar from giving
any profits. viii turn ont complete failures
In The NiaRg JonyHaI see that the shares a. different
companies are quoted at one two and even three premium
although these very same comp ants are only waiting Tor
decent opportunity 10 wind up Affairs hear from parties
in England that some of The companies for instance the
Nouyeau Monde" naL ing arrangements og .enny
out workmen 10 California although As positively
know they loss what 70 do with the force
IN California. One Of the mining captains has resigned
because he could not make up his mind 70 ndo the bril-
liant reports made up and sent home By the agent and
which in direct contradiction 10 his ono captain
opinion on the mine All these dongs prove That there
omethng rotten" in the state Of things and wonld "a
wise You 10 take advantage Of the momenty rise wnch
to have taken place in the Share market III order 10
sell your shares before the bubble bursts
The rise in the Share market appears 20 me % oe atrO
utable partly to kind Of gold mania which seems to
have taken hold Of the people at home in great measure
however has been produced am sure ny AL Kinds OF
tricks and Misrepresentation of the state OF ihngs 10 ms
country This delusi0n cannot last long, and general
crash will be the consequence The sooner therefore you
sell whatever interest you have got in these sTndlns con-
Germs, the better for you.
Let me add few words the causes which are WORKING
the downfall Of all these splendid schemes These are ns
~ the high rate Of wages, which makes impossible
work to advantage any but very rich mines The second
cause however which has contributed more than the hlsh
wages toward bringing the things TO this NIX the dpio
able mnanagement shown by the agents OF the dhe'ent
companies. ., -
Stocks in Boston we the sales Of yesterday at the
C4ocx Dno