The Placer herald., 1856-04-26

ly? verify, none, save the production of a
disdainful smile-none, none, were he the
ashes of Daniel Webster remoulded, advan-
cling such nonsensical tissue of ideas. Why
then should the ipse dsrst of this writer Gre
ate even the symptoms Of surprise, unless,
indeed, at the imbecility of his production,
Pshaw. viva la bagatelle. whew' l.. ~
The onward growth and prosperity of this
State is indubtable-her mines proper are
scarcely opened-these everlasting hills, all
more or less contain an immense amount of
the precious ore, are but just being tapped.
Our valleys are scarcely occupied, much less
than being thickly populated and in a high
state of cultivation. No State in the Union
has or ever will have the advantages with
which California is blessed. Valleys un-
equaed for fertility of soil, and will at no
very far off day contain vast thriving pop
uation, whilst our mountains for ages will be
the happy home Of the busy miner. Does
Mr.. Caxton doubt this! Let him come up
here and will guarantee to secure him and
his ''childer" and his "childers chlder" a
good profitable employment to extract gold.
During my connexon with a respectable
journal below, we'll recollect writing the
following statement. 1t was early in 1855,
before the bursting up of any of the San
Francisco Banks: ..i
"The end is ret yet The community,
a large portion of it has to pass through the
ordeal of bankruptcy. The sooner the bet
ter, for the time will arrive when this specu-
lative mania must be arrested when stewards
must account for their stewardship by gen
eral settlement, Nothing short of this will
etfectualy answer the purpose. 1t is no use
to attempt at patching up old sores, for they
are certain to break out anew with renewed
violence. Therefore let us have this com
mercial storm, until every vestige has disap-
peared to be remembered only as warning
in future, and their places occupied by men
admired for their solid worth only and cir
cumscribed to legitimate business consonant
with the wants of the population. When
this is done, then, indeed, may we hope for
California rapidly growing in strength, wealth
and beauty, outstripping her sister States in
everything that is great, grand and glorious.
All this is no fancy, but facts to be realized.
The elements are here, and require onlycl
heads, honest hearts and determined will to
deveope them.
The effect Of this overtrade has been and
is now the curse Of this country. The mer
chants of San Francisco, many Of them tell
you daily, 'oh, trade is Notwithstanding
doing Well may it be so, 50 long as they
have many, many more in the trade than is
necessary to supply the demand. Why,
there are merchants enough in San Francisco
to attend to the wants Of 100000 of poo
RI 81 this 'lnUment; and what folly it is to
be trying to cover over disease long known
to have existed, by continuation of quack
commercial skill.
The remedy is to be found in drawing your
horns, gentlemen, work within your means
and no more in any branch of trade than is
needed to supply its demands-let the del
mand be attended to with vigilance and al
things will come out right side up
Obstante vendicto, these plain causes Of our
present suffering, "Caxton" depicts the future
without remedy, unless the railroad is at
once done by government California will take
care Of herself, Pacific Railroad or not-she
will come out right and is improving in this
respect daily, and from the parent govern
ment or not.
Pshaw! 1t is mere tempest in teapot!
Messrs. Editors, my letter already is get
ting too lengthy; but am down on the Tenn
perance men Of this place. Permit me to
be heard, I'll come out right side up; but in
the meantime must defer tie subject mat
ter to a future day.
One more letter besides this one now
promised, will be the bulk of my feeble la
Dor, as | fear intruding too much upon the
indulgence already extended me.
Respectfully, FRANc1sco.