The Empire County argus., 1854-05-06
From the San Francisco Prices Current and Shipping List
FINANCIAL.

FINANCIAL.
Total deposits Of Gold Dust at the Mint,
for Coinage, up to April 28.. ..S540,000 90
DO. for Bars ........ 100000 0O
Payment in the same time (about) .... 100000 90
We are compelled to state this latter sum in
round numbers but the accurate amount does not
differ much from our figures.
This halfmillion is precisely the amount set
apart and paid by the Sublreasury for the uses of
the Mint, as per order Of the Secretary received
by the last steamer.
The directors have been unable to make much
progress in coming in consequence Of the delays
unavoidable in the first operations of SO large an
institution The most prominent difficulty, at pres
ent, is the want of sufficient quantity of silver,
for the operations Of the refinery. With the acil-
tiles they have at present, they are only able to
strike off about 100000 per week. which would
require much too long period of time for coming
the already deposited, to render the Mint properly
useful to the public; but the Superintendent, DIR.
Bridsall, confidently expects to receive a further
remittance of silver per next steamer, when they
can coin to the full extent Of their capacity.
Amount on hand in the sub-treasury,
April 2S, ............ So. S6G7 800
A large amount of money has been paid out dur
ing the past month, the principal sum having been
the half million for mint purposes. BY way of eE-
pertinent, and to try the new machinery Dir. Bird
sail has been running through few ten, five two
and half and dollar pieces, of course only dstin-
guished from the Philadelphia issue by the letter
S. of which we Ir yiously made mention on the
appearance Of The double eagle.
Shipments of Treasures during April 1854 (inclu-
ding th "f the lst and l5th) 34363, 96S &c
Same period c 1853 .7660S51 g.
Same period of 1852 52...............3 562 293 OC
The comparison shows a heavy falling off from
last year. and an increase over the shipments OF
1858. The first thought on inspecting the above
would be that the product of gold in California
was decreasing from an examination of the sub
ject we have not been able to come to a positive
conclusion in the matter but our opinion is opposed
to that Of deficiency in the yield of our mines
The only reason for imagining falling off is the
decrease Of the shipments as manifested, while on
the other hand VIC have abundance of evidence.
which would seem almost conclusive in favor OF
the yield keeping up--and rather aided than 9TH
erwise by the shipments of this month appearing
so small when compared with those of the cores
ponding month of 1858.
The amount of money due by California to the
Atlantic States Europe and Chile has this year
been reduced to the lowest possible point by the
low prices of every description of merchandise.
The great staples, for the principal part, continue
TO come from abroad and our shipments of treas
ure manifested hence are it is clear, by figures
heavily reduced by the rates which have ruled this
years as compared with the last Our shipments
should, in consequence show falling off prpmis-
ing that we consume much foreign merchandise
We did last year. But this even does not happen
to be the case. Since April, 1853, we have raised
large quantities Of Wheat and Oats Barley near
y sufficient for home consumption; Potatoes, more
than a supply, and very cheap; all thesa tend to
reduce the Consumption Of Flour. We say nothing
of numerous other articles, which singIy appear
small, but in the aggregate amount to a large sum.
Butter, for instance, forms quite an item in such q
calculation.
So far we have only examined the amounts we
have saved from the remittances of former years
we how turn to the production of our mines as in
dicated by the prosperity of our country towns.
Here, OF course, receive the evidence of the
press throughout the State, and we have had occa-
sion i'll almost every issue Of our paper since the
commencement Of the rains to speak of the sue
cess with which the miners, a class, were meet
ing Improvements in city and country have been
prosecuted to an extent much increased from last
year. men who have made money here remain
with it in many instances and become permanent
residents, or going home, leave the same behind
for investment; large sums have been sent here for
l0anng, and passengers bring drafts and certificates
OF deposit with them to far greater extent than
formerly, so that the remittances of Exchange per
each steamer are much greater than at the cores
pondng period OF last year, all of which reduce
the dollars and cents of the shipment OF treasure
From the depressed state of trade during the last
few months throughout the country, all that class
OF community who are engaged in mechanical pur-
suits, have had few paying contracts and not only
less inclination to remit money but less money to
remit.
The conclusion we come to is that it should be
our ann to produce as much as possible within the
State to supply our wants; induce as many fami-
lies as possible to make this their permanent home,
and we shall thus reduce the amount of our trea-
sure shipment, while the produce of gold from the
mines remains the same SO that by and by in spec
ulating upon the shipments of dust hence. we will
first ascertain if we paying our debts if so will
keep the balance, and permit our Atlantic friends
to consider the shipments dropping off
lfyou make love to a widow who has DAUGHTER
twenty years younger than herself becin by de-