New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-08-08
rom San francisco on 18th July!

The mining is favorable but the markets arc sti
overlooked with merchandise and prices low One
reason given for the essened amount OF gold sent 10 the
Atlantic cities s that large portion Of the dust brought to
San Francisco goes 20 the mint for coinage. trucr
reason probably h that California does not much
disc such low prices that il does take much gold
pay up. II is estimated that there goods enough in
San Francisco to supply all demands for nine months
Money in good demand at q y cent per month
Arrangements are being made in Philadelphia witli the
Intention Of enabling MT John Tucker to payment
again, which will probably be successful considerable
amount of funds has already been raised for his relief
The private letters by the Atlantic are calculated to re-
beve the fears Of those who predicted panic IN American
Securities in England and the Continent following the
advces Of the Schuyler fraud The effect produced there
has been very slight and of the letters suggest that the
occurrence will produce still greater confidence as it will
induce strict investigation by other Companies and the
adoption of such guards and checks viii prevent the
recurrence Of such swindes The failure the Maysvlle
and lexington Buffalo and n. Y. City ard Chester Val
ley Railroads produced much unfavorable effect
than the Schuyler fraud We hear of Stocks or Bonds
returned for SALE and the orders purchase are larger
than usual especially for City Bonds and for NcwYork
Central Railroad Stock.
The annual meeting of the Vermont Central Railway
Company fixed for September L.. 1t anticipated that
entire Board of Directors viii be chosen An in
Sormal meeting of tho shareholders is contemplated
n order to make preliminary arrangements
At Boston, The Jogrn0l says
Discount rates are full y cent. lower than AZ the
commencement of the week, and there is steady i'm
ProVtmtnt gong The Banks afford increased facil-
nes and are IN position to extend loans that in point
OF fact borrowers who enjoy good credit have hut little
pteo 10 go out Of regular channels for accommodation
tbst.class paper is quoted from to 81 y cent
The State of California has need pray to be saved
from her friends il they ell laundering as her Treas
urer, Mr. McMeans, who has written letter in defense
NJ hare IN Iafh ~
that State. In this letter he manages completely sul-
ty himself and puts himself thoroughly in the wrong
that any further exposure Of his ooshnees is scarcely
necessary Ills assumption Of dignity truly ludicrous
and in his esgeruess defend hs friends Mossrs Palmer
Cook Co., he lets out details Of party machinery
which we should suppose that house would scarcely thank
him for. Mr. McMelns certainly doesn't shine letter
writer, and we can easily imagine his look Of blank dis.
may when he reviews this correspondence in print and
finds that his friends for whom he has been Sighting
windmis have turned their backs upon him and pledged
themselves in the most humble manner that e shall
low all be has said. We don't exactly understand the mo.
tvos Of Mr. Latham in publishing the Trcasu7crs letter
but it probably Of those friendly sets which rival
politicians sometimes do for each other. We copy from
T2e Times:
CALIFORNIA CRrDIT-IrTTrR FROM IEr rGy,srRrE
S.CR,srNro CRY, Wednesday, June - 1854
To he Hoa W. LaAea' NJ C. HasAiae;s
nv DIAN SIR: As SIS Of the representatives Of orr
State Of whose attachment 10 her interest We need no
better evidence than is to be found in your past political
history, you doubtless could have avoided feeling
or less mortified by the proceedings OF parties in
.h and in the State Of Newlork in relation the non
OF the Jannsry coupons our seven per cent
civil Bonds and il is for the purpose of sordiug you
some information which may enable you 10 aid your
adopted State in her struggle sgans the contemplate
schemes OF bankers and stock obbers that have felt my
scn called on 70 pen this communication.
HE state OF California is leaving nothing undcne in
her power 10 accomplish, las you aware far the
seaon Of The tzeetrt IS concerned which she considers
necessary 10 the protection of her honor and despite OF
all opposition, has succeeded in placing herself in con-
dtion TO prevent any default in The payment of her n
~ due Tor The future In addition to this those who
dcbtedpess and nil be promptly 1c, AZ maturity slso
We have extnguisbed our cent. debt aud redeemed
before maturity much of the principal OF these Bonds
which fall due on the ist OF March 1855 az 10 leave the
unpaid balance within the reach of the succeeding fla al
years rcytnOe and with the proceeds of tho Custom
House Block, recently sold TO tho Governmen. af te
In I'D STAGE viii De ~ D. q "a 'ra .V Ht pIs