New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-05-14

day before yesterday with from your city to the
Goth of March satisfied The curiosity of some and qu
eted the fears and anxietes of otheS. Many looked
for reaction or change for the worse, and fears
were entertained that another suspension Of he bank
ipr-house Of the Sta,e-Psge, Bacon Co.-might
possib'y result from the effect the Of their tempo
rurv su.peusion here had created in New-York. bat
the cloud has passed away and in monetary Affairs the
future locks hopeful.
As 10 money affairs all can say = taat the demand
i far ahead OF the supply, that he must ~ brave
man who would lust now venture upon an enterprise
the expenditures for which required replenishing OF
the cxchequcr beg oud the amount he might have on
hand. No sane man win near new hah fIts either
in regular business for speculative purposes, for he
woud surely touch bottom before he had fairly started
from the top. Every one seems trying TO use u COM
non expr,ssionl % get himself in good shape. but
the effort with many will take long that b. the Tine
thev would ordinarily accomplish such feat they will
believe that they had always been 80 pecnniarly de-
formed that they never were and never can ge. in
good shape. In fact IN finance things are
suuinc q position something on TIE mysterious
Know-Notlng Order. Every one seems to
be- taking IN sail aud all appear TO be
waiting for some financial Gabriel 70 blow his horn.
The excitement attending the suspension OF nearly all
Of our Banking houses has passed away. Page Ia
con & Co. and Wells, Fargo Co, are the only oles
who having halted temporarily are now in the full
tide cf successful operation. The company were
known or supposed to be composed OF men Of wealth
whose personal fortunes were pledged for the amount
Of tie indebtedness Of the firm, and 1t was only neces
sary for the good al all their dcpostors that they too
should suspond oporatons for few days to eall in de-
mand Ioans-conyert securities into cash, and other
wise strengthen themselves for calls for the ias; dollar
on oopos. This they wisely did, and the result show
Ell tie rudcuce Of such course snd tie benefit both
to Themselves and their friends The Affairs OF Adams
x Co are in the hands OF three capable. responsible
and hore.t assign, cs-Mr Edward Jones lof the firm
n
State Treasurer, and Alfred A Cowen, ESD, who Was
apt onted Rec liver Immediately after their suspension
1fese gentlemen have given bonds TO the amount Of
one mil on OF dollars for the fithfu performance of
their duties The Express department OF this house Is
now conducted by the attaches of the old firm and
having oimed JOINT stock company under the name
of the -ihc Express Company, l. prosecuting
this business with an erorgy that deserves and VIII
certainly meet with success And here let me say that
suspcnsion excitement excitement by failure, defaca-
tons oFceres and other trfing Hdiseret'0as, have
all passed away end the "sober second thought has
settled down NJ on the public mind very much like
heavy oc at when each vessel drops her anchor or
rings the bell warning Others to keep at distance to
prev ent a collision.
The arrived of some twenty clippers within the last
ten dnvs with full sargoes OF merchandise which our
market does not require, and for which there Is not nor
cen be created even fictitious demand will tend 10
denTess legitimate trade aud compel dealers 10 hold ON
for better or even remuneraiye prices while others
uust come in competition with shippers and sacrce
ON their stock Ia meet liabilities maturing, unless they
have other resources 10 fall back upon During the
rainy season trade with the Interior is cut OIL greatly
on account of the roads being almost impossible; of
course cas only look to the cities accessible BY wa
ter for the demand. and this demand compared with
that of the whole State hgt the great consumption
being in the interior. The high price OF labor here
will compel be your customers Tor many OF the
most common necessaIies of life. Our soil Is by far
re her than yours of the East and VIII yield double ana
triple the quantity per acre, yet the price labor de-
mands ii not allow ms 10 produce Tor consumption, ts
we can import cheaper and for this reason only. II
rood farmers could be hired here for the price paid in
the Eastern and Western States other things being
equal we could supply our own wants, aud export
largely besides, from our own producing. Inc same
obstacle a. in the way of manufacturing, for we
have some A. capable men here in most branches of
the arts az eau be found in any of the Eastern States,
but while wages high 1t is far better to import than
produce especially when Il IL almost exclusively tor
domestic consumption; yet these things VIII eventually
REGULATE tLemselvos or at least become oqualzet
both by time and necessity.
Our cities have large proportion of population too
lazy 20 work. too honest to steal, aud too enneryated
to be suspected of having more enterprise than The
law allows them. An increase of this kind might
benefit tie places whence they emigrnie, but
would have "a contrary effect here, as they are more
ornamental than useful; We can well dispense with
sush What California most needs lust now - an IN
croase to her present mining agricultural and mechan-
zeal 10, ulaiiOn. With the finest climate under the
sun, the richest soil, and portions of her hills and
mountains covered with the alest, largest and best
nhe. in the world, 10 nothing of her vast mineral
wealth. all those things make it u " fixed fact that
Cails MIA is the State for enterprise INDUSTRY, and
energy. Norman need think Of either making or earn
ing ,css than four d0ers per day, which four tunes
ms nuch as labor will pGy IN many OF the Eastern ana
Middle states; and "A for mining the world never
produced such Inducements for labor rs are offered FOR
the toilng for the raw material; and the adj
vantage the industrious seeker for hidden treasures
has over abofers elsewhere, IS that bis work
~
be depend upon fuctuong market IN
which to dispose Of his commodities perhaps nj less
than the cost OF producing. All these doubtful con-
ngenc.es obyeted by the very nature OF hls 0c-
oupation and night he has the result Of his day
labor in the root of all evil az his own disposal. And
A. for tie supply the mines afford might wei
attempt TO fore;e the nonyeding Of the earth or the
period when seed-time and harvest will cease. Min
ing il vet IN It's earliest stages and the opportunities
for successful operations ere Just being economically
developed. The confirmation by the Supreme Court
the United States of the claim OF Col. Fremont TO
the MarpOsa will have the effect Of greatly increasing
Quartz mining as is understood foreign capitalists
baye sgrced 20 purchase and erect machinery for
working portions of this claim for which they are TO
pay millions TO the present owner. PIONEER
We take some further items of intelligence from our
San Francisco exchanges:
IL Las been announced that the weekly line Of
steamers would be Discontinued from this time. We
are authorized TO state on behalf Of the Nicaragua
;. Company that such il not the fact-that Their
steamers viii continue TO leave ar heretofore on the
9th ard 2ith of each month. The public viii be
pleased learn that such is TO be the case foE no one
would fail 20 regret that a step backward should
be taken, 20 az to render communication WIN the
East less frequent than it has been for the past few
months.
The Rev Samuel II. Wiley pastor Of the Howsri-
T. Presbyterian Church, leaves with his family to-day
in the Golden Age on O visit To the East Mr. Wiley
was among the earles. and IL of the most re-
spscted ministers in the State. He has been in the
country abOs Elk years nearly 1--WE VI them have been