Polynesian., 1854-08-26
Bvs,.ess in San Franeisco.,


| An article from each Of the two leading papers
in San Francisco on the subject Of business, will
answer question frequently put to us, on the re-
ceipt of our files. The first is from the Herald of
July 18th, and the latter from the .fits, Of the
26th.
We shall not 6esgair, by dfnt Of energetic re-
monstrance, of inducing Atlantic SPECTATORS to
cease their insane shipments 90 this country, IF
once they can be brought To- realize the true con-
dtiOn of things here, and tire consepxrenS folly Of
deluging with goods we do not need, they will
quickly suspend their shipments and give US az
least a little breathing spell; but it seems as if
they were incapable of understanding either their
own interests or the commOnest principles Of po-
litical economy. For the past six or eight months
every steamer that has left o,fr shores has borne
most earnest remonstrances from the intelligent
classes in this city against any further addition to
our already enormous stocks, and yet the greedy
operators at the East will not heed, bit continue 10
venture recklessly as before. Each is b1oSed
up by the hope that his shipment may chance to
strike rising market and realize him fortune at
once-about as reasonable as to- expect TO win
against loaded dice We again urge shippers to-
notice few Of the most striking features in our
present market, and then if common sense will not
induce them to restrain their cupidity let them
ship until doomsdav. They will very soon find
that can ship, too,-that rt viii pay spectators
here to buy up their cargoes and send them direct
ly back to New York, for a market, without break
ing bulk. If Eastern men viii but receive the as
surances of the best informed here, that there is
nine months supply of almost everything in the
State at the present time-that the grain and veg
etabe crop this season are amply sufficient to meet
our own wants for the next year-that the rate of
interest is very high, and the depression among the
mercantile community and producing classes Of
uDexamped seyerIty-that our State does not con-
tain much over 100000 intrabitants-that one in
dividual, Californian though he be, cannot wear
more than one pair of boots and one hat at the
same time-that there are some limits to his DOW
ers of consuming foCt ant drinking liquor i'm
fine, if they will get nd Of the idea that are as
voracious as Esquimaux and as destructive chill
dren, they will not only slack off their shipments
but stop them altogether.
For long time past the wholesale business in this
city has been extremely Improbable, and the voice
of complaint generally beard. The cry of hard
times mas been upon every merchants lips, and f.
nay spread until almost every siOrekeeper in the
city, no matter what might la7e' been the business
conducted, spoke the hard times and complained
to his customers. Il is conceded, and very gener-
ally too, that for California, times have been try
ing, whilst on the Atlantic side, the evidence of
prosperity in business, and indeed almost every
branch of trade, have been most fatteriDg save
with isolated instances. Outside of San Francis
co the trading and laborng commuDity, with the
exception of the farmer, have been successful,
whilst the latter and the merchant here have been
sufferers:
These things are the natural result Of the rapid
settlement and development Of the farming lands
of California. 4 shor. tiue SINCE this whole coast
imported everything that was used, and paid lib
orally for tire same in gold. Good paying custom
ers can always find parties ready to supply them;
and so promptly and readily have shippers to this
market been repaid, that they are 10th to give it
up At first tie farming interests of the country
paid WELL but as the soil was cultivated and home
produce came into compel ton with imported
stock, prices dropped and the farmer 10 longer
reaped a profit upon his labor. Two years since
-four commanded upwards of forty dollars per bar
rel, but now splendid home grown and home ground
-four sells at from nine to eleven dollars. FroaH
this time forward the farming interests are likely
to prove profitable, from the fact that mpOrtations
of produce and bread-stuffs I'D longer pay, and OF
course the domestic articles of this kind viii not
be forced to- compete with foreign lmp0rtations:
The market will be lef entirely to California Ia
Dor.
This has been found an Improbable market,
and of course trade in these articles no longer
sought by parties abroad. So ii will prove in eve
rything else. 1t may be hard at present for San
Francisco merchants and dealers, bur t.s wrong
will eventually correct ITSELF The trade Of Calf
forma has not paid, generally speaking, for more
than year past, and with prospect OF continu-
ance of this state of things for sndehnite PERI
cd. The con4ictior mast be forced upon shippers
tfat the trade of California IS overdOHe. When
this market is regularly and legtimately sHppfied,
profitable business may be done, both oy the I'M
nor4er or shipper and the wholesale merchant. Pa
ience and perseverance will rectify the and
want Of judgment on the part of Others, and N the
end work cure for the accumulation OF besfness
Ills which nave afflicted the San glsnctscs ss-,'
chant for SO long time.