The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-03-06
Interesting from Australia.
OUR PORT PHILIP CORRESPONDENCE

Interesting from Australia.
OUR PORT PHILIP CORRESPONDENCE.
PORT PHILLIP HRADs, Australia November 8, 1856.
ON BOARD SHIP DAsinNG WAVE, FOR BATAVIA. !
Rereof Thirty Months Residence in The Southern Ell Do
radoFerr Of australian Speculation in lS53-'5i--Hs
Consequences and Reacten- Government Blunder,-7he
Mining Troubles-Ecomonical reforms IL. the Gocan-
ment Of the Coiony--7he Ne1o Conutiulio,s-Rs Egec,
upon Eristing Professionalism ACKNOWLEDGEMENTS
pendence Looming in the Distance-A Yankee Tour Of
Pleasure, de-, &c.
Up with the anchor and loose the CANVASS for the ship
IL in TRIM the pilot board the wind bids fair the
tide is with us, and at last homeward bound. So,
chez rily my hesrties and we'u be the road.
How pleasant the prospect how delightful the sound
For three years Is long time to be absent from the stir
ring Of the great republic, and assure you
cherish small desire more to be in my native
land But before give the last parting look at the
try that has treated welbeore Point Nepcan ID
hid in the distance, and Otway looms up our star
bosId bowl will agsn resume my long neglected
correspondence and give you glance at Australia as
she is.
Thirty months have elapsed since paid my subscrp-
ton to the HERAID-a lifetime almost in this startling
sge-and said ddos TO the friends left behind me, as
the Bavaria spread her sails for the Southern FL Dorado
Can It be possible that am old colonist? cannot
credit it, yet such is the fact for time flies like railroad
TO the resident in gold country. Nhen left the East
river the excitement was a. height and Australia
the only topic in the street Change at the club,
In the counting house Drsys and trucks were, early
and Late earning down the merchandise, and piers and
vharves full Of packages while the columns OF the
New York papers told the merits of thirty forty
ships all for Melbourne filed with every description Of
merchandise; and tie fever also raging In al
most every commercial port. Flour from the Cape,
flour from the West coast, -four from England,
and 1O00 goo b5s from America, gave the ships good
frtghs but caused disaster and loss to the shippers
Our ship alone had 1000 bbls Speculation
wild with the expected prots and when three months
good sailing brought US to anchorage in Hobson's
bsy, began to realize how extensive had been the
panic reckless the shipping world for then,
May, 1853, the markets for cash already out Of
sigh for everything but lumber. The bay full of
shipping, from wiarastown to cambridge, nothing but
enc complete forest of But how different the
thrilling changes that had swept over the political hori-
zon OF Europe They more wonderful than the
look of Hobson's bay and when Landed This morn
could count twenty hips in the roSdstead then
betW Six and hundred crowdng each other
for room All parts CT the world were represented
end every production in Christendom could De found
among the csrgoes. None but those who viii take the
trouble look the statistics the customs will
understand the extent Of Australian speculation in 1853
and 1854.
One hundred and fifty millions Of dollars worth OF i'm
ports in two years time, for population of scarcely
SOC, eco .oulsl | OF the first Ameri the
ero living through what the celonists sail the good
bad times and having had some forty Thousand TONS
Of shipping to my 1oress have been in good po-
etion see sonehir Of the extent to which wants
overestimaed sud the consequen. embarrassment
of such mjudged calculations. We have gone through
The commercial revolution which every young and old
country experiences ct some time in its history and
when the accounts OF the three hundred and fy Gms
who have taben twenty five thirty millions OF
dollars through the insovent Court squared, few
Of the 4 astraen houses will DO large and profitable
business. the bird win rise from its ashes, and the
country and colony will start ahead afresh, stimulated
ny the blood which slowly and surely is uprootng
the pfeudces of the old settlers who loo ked reform
eDterpTi.e as crime Of which only Americans were
guilty
svamped when The tables turned, and remember the
number Ct joint stock upanes last in the
mud We cannot wonder that the government got into
for nile in license fees overfowed the treasury and
then followed the most reckless expenditure the world
ever saw and such On ineoria,ei Of accounts
mortal balanced. No wonder Mr. Larcbe wished to
resign the guneI material honoIe for poor the at
tacEs of the Argus and the rapid change of the tmes
dlo him mad; and not being equal to the cy Of
rU he tried the Panama route On the Golden Age, in
Nay 1854 and cut himself adrift from the confusion into
which the colo discoveries under irresponsible govern
rnent he'd thrown the affairs OF the State The Governor
had lived moved and had his being lcng among the
600 souls was impe stibe for him to er-
large his views OF administration to comprise the
ESQ immigrants which The dggngs had brought into
the country The times had changed; other metal
wanted. A good overseer for the old regias he was
poor head for the The tines had changed, but he
had not changed with them Hence the disgust of the
chants who pouring in from every point Of
the compass at The apparent imbecty OF the adminis
trstion in no, furnishing barbor facies wharf accom-
mediation, any thing worthy of such country, with
such revenue. The land question was rotten and
garden farm could not be had for love or money
Hence the Initiation 10 all kinds of real estate which has
gradually fallen till 1t rules about seventy per cent less
than its estimated value then. The government said
occupied with his ovr affairs to egsate but the last is
all new too Disguised to move, for what
could be dcne when the whole colony In the hands Of
class? You mieht as well have asked southern plant.
TO part with his estate an Australian fqustter at
that time to give upa small portion of his agricultural
Well matters were in this state when the home govern
meh with their usual penetration instead OF sending out
sound, practical man of business like Sir William Den
pisOn, picked out captain in the navy, who had
been knighed for some diplomacy in South America.
(Which he acknowledged was successfully managed
place to lead forward among the nations Disgusted
with the past the representative received wih
an ovation worthy Cesar or Napo'eon-wnich Demon
stra.ion from a people who had prayed so long for
change did fate his Royal Highness, that ne SGT
abou making speeches to the diggers, telling them "sl
Kinds Of reform This was brilliant de6t-out it was
too good TO last Tt premises were not kep-the Dig
who collected ees then derisive cry
Of II up and the upsettpg OF the American wagon in
ju,irg poor Captain YSnDg Of Ns%ouyport me rsos
Prise by the troopersthe death of forty fifty
both sdeshe two months ia Of the thirty prisoners
arrested, without succeeding in conyicng single man
the hue and cry against the government by stump
tors the public square in front of the Court House
and the consequent resgra ion OF the Colonial Secre
aIy MI Foster who lost his pension by the sudden exit
from poSeT-all oil which, together with the continued
hamne1ng Of the press mace Sir Charles Hotham APP
lear anything but nosegay Ia the posts Of the people.
Never cid nan have great fall in shott time
received ~ 1t month with triumph the next
lett without friend. His Saturday dinners to six
teen II u,
chsIopsgne not sufficient to regain the popularity
which be had lost hence at the present time there 10
hardly individual whether he be official under 60
vernInent, digger the Balarat, merchant at his
Office, squaiter on his station, that will say
a kind word for him wien his name is mentioned.
TO give every his due there 10 thing that must
be ada ittd. The expense of government has been
eiialy rtducsd and the finance department begins to
look eeoi ing, and Of the long wnded
have overlooked and the Augean stables Of
the official chambers have been cleared of ,hsir
lated cnuion. Income and expenditure are now more