The Trinity times., 1855-03-10

year lsJ4 we shipped to the Atlantic cities,
gold dust ot tie value Of at least sixty millions
Of dollars. During the same time there was
an exhaUsting drain Of specie from New Y Iork
to Europe, aud we assert, what those abroad
who most revile California will not deny,
that our gold saved the entire business com
munity from bankruptcy, and enabled the
banks TO weather storm that, hut for u.s.
must have proved more disastrous than that
Of 1897. The arrival Of the California steam
er was looked for with fcyersh anxiety, and
Wall street breathed again as our treasures
were steadily poured into tie exhausted
vaults Of the bankers. Had it been announc
ed, during the trying times in New York,
that California had cut loose from the States,
and would send no more gold to their relief,
CONSERVATION woGld lave filed every breast,
and crashing panic have been the cOnse-
quence. Yet the very men, and theft repre-
sentatyes in Congress, who have been saved
! by California from ruih-who are eeen now
indebted to US for the very life blood that
| gives vitality to their commercial system
spare 10 opportunity to revle and injure US
! their journals senounce US as little better
than sayages-they frighen the tmid by tell
! ing them our State is another Pandemonium
where all manner Of horrors await them
They fetter emigration by charging the most
exhOfbitant rates Of passage to our shores
! they gut our markets, and cripple orr mer
chants by nundating US with goods we do not
want, and then denounce rs as swindlers {
they do not realize hundred per cent. profit
on their shipments They cnnninoly dnpli-
cate the ofders sent by our merchants, and
sldpidly manifest them as unspeched nner
cIiandise. The West rn and South Western
members Of Congress are, in the main, our
friends. They support the measures which
are Indispensable 10 the further progress and
prosperity Of our State. But the represent
atiyes Of the States bordering the Atlantic,
commercial, manufacturing. and agricultural
| just those which are most dependent upon,
and most indebted to us, are those that are
most uncomprOmsing in their hostility to US.
! They oppose the Overland Telegraph, the
! Pacific Railroad, the Overland Stage Road
! the Line Of Steamers to Shanghae, the Re-
funding Of the Civil Debt, and generally
every measure calculated to develop the re-
sources Of our State, and to produce the very
gold upon which their stability depends
! These stupid polticians--most short sght
! egotists-will now have an opportunity of
learning to their cost. how entirely they are
dependent upon u.s. THE steamer which left
here on Monday took ninety-thrce thousand
dollars, instead Of the usual quota Of six or
seven hundred thousand, and the mail steam
er of Monday will probably not take more
| thsn ore hundred Thousand instead of mil
| lion. When these advicos reach New FORK
If there be not rafting among tle dry bones
! IN W all street, we are very mach mgtak en-
! When our rev,lers further learn that Che
| golden stream which has Sustained them so
| long, is likely to be cut off For months To
come the storm through which they have
| been staggering for the last four months
will burst upon them with redodblcG fury,
and then they will realize in some degree
what they owe TO us, and with what inorat
tude they have treated us. If the news have
,he effect OF opening their eyes TO their real
| intefests,-if ~ convince them, as it should
| do, that they are, by oltoet chain of con
sequences benefited by every measure ,hat
tends to increase the population--to develop
the resources and advance the prosperity OF
California, they shall not have suffered in
vain.
As regards Our own community, it will
reqnre time to restore public Confidence
More than three millions and a half of dollars
! have been Withdrawn from de banks in this
| city during the past week. That vast amount
is now in private hands and is likely to re-
main there for some time. II will not be
re-committed TO the custody of banks, neither
| will it be allowed TO remain idle very long
| The holders will on begin to look around
for safe investments, and real estate, State,
City and County Stocks and Scrip, Rail-
roads and Water Companies must be iavora-
bly, affected. 1t is legitimate conclusion
that mortgages on good property, at fair
rate of interest, should command a premium
and that interest on real security should fall.
| The actual losses to the community from the
recent banit suspensions, are BY DO means so
great as were thought in the first moments
of panic. Nothing will be lost by Parei Ba-
con IL Go. and Wells, Fargo IS Co. We
have no means of knowing exactly the labl-
tiles oi'Robnson Savings Bank aud Wrights
Miners Exchange Bank, but they were
comparatively small concerns, and taking the
worst view Of the case, the losses by them
will not exceed one hundred and fifty thou
sand dollars. Adams X Co.'S assets are re
ported by the Receiver to exceed their abIli-
ties by six hundred thousand dollars 1t
cannot be expected that these assets will re-
ali1e the full amount at which they are rated
NN' h' hli 'NNtllnf NtN WIZ Eb ldt ANN II tts
satisfying their creditors. Sum up the whole
losses then, and they will not exceed few
hundred thousand dollars II would not re-
qure a very large fire TO consume property
of as great a value, and yet the community at
large would no, feel It very severely the next
day The fact is the loss is more ia the de
structlon Of public confidence, than in actual
cash, and public confidence is something
within the control Of the public itself Let
US all be forbearing for little whiie-let rs
frown down croakers and panic breeders
take heart of grace, and all will soon be
right again. Rich mines, of vast extent,
have recently been opened-the faitening
rains have come to cheer us in our despond-
cucy-ths miners ard farmers rcjoice-let
us rejoice with them"
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