The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-05-11

,bot bils OF adng are Indispensable which
70 base policy of insurance. But the large sunns
which were formerly included In the receipts at
New York, with ultimate destination for Europe,
now transferred 10 the British West India
mail steamer at AspiDwel, which touch there twice
month with the same regularity steamers These
European remtaoces, which, from what we learn. are
scarcely less than teu millions annually, reduce the uomi-
nal receipts Of New York equal amount But there
still more promipent for the reduction not only
OF the receipts Of gold this port, bat Of the exports
nom California In the early days Of that III Dorado
every want supplied by importation FROM the com
moDest pecesaries to the highest Iuxuries OF vegeta
bic and animal food, clothing, building msterials--in
short, tbcrc was scarcely article OF local pro
duciou thai seemed worthy Of pursuit or cult
walton, In competition with the absorbing
object-tho search for gold. The PROFITS no tored
by those who first turned their attention to the
cultivation OF the soil FOE market purposes would an
pear entirely fabulous that abstain from giving tho
particulars which have hand but the natural
sequence Of these lr oiors has boon the extensive cul
Gvatt Of the SELL We tho extension Of homo manu-
factures To degree known 10 but few hs sido, where
tie impression woud seem s to prevail that gold IL the
and only product Of that magnificent region tho Union
Tho doestio markets Gan Francisco the average
UNI uspesod By thoee OF New York. the deficiency aud
hs price of poultry being compensated BY the cheapness
aud abundance enlne There manufactures Of can
de. soap, leather ad many other prominent ar,cs The
packing OF bcci d pork and preparation OF lard are also
extending, and tho OF the great dstlexy destroyed
by re) the Mission road have been rebuilt for sugar
refinery, upon large scaies very natural resu Of the
proximity Of the State TO China and tho Fast Indies
II 10 presumed that the whole Pacific coast, from
Valparaiso 10 Oregon, will resort TO this refinery
for i@ supply OF reaned sugar. In oats, barley,
nd uuh in ita
the exports Of dour in 1855 10 Australia England Peru
and Chill, having amounted 70 $40 900 barrels wh
only years before the imports exceeded 400 900 bar
rcs The beet authorities estimate the natural falling of
in the imports OF California at ten millions; say naiu
raj " fs tbore ROMANS still liberal estimate be made for
the reduced scale Of that extravaganza and reckless profu
sion Of living which distinguished the early days OF tho
State Moreover, the cities towns, bridges, canals, and
other internal works the STATE had u be then built
sucted with the aid Of foreign material Of labor at the
most unheard of pdceea OF which have, In measure,
been completot; and thCs the necessity for the
port OF gold has greatly diminished. The estimated
cost Of the canals bitches asone, for tho supply
OF water for the miners, Is more than twenty mil
lions of dollars, and these works constantly progress
Eg The country itself Ia advancing In solid wealth
The produce or lie industry Is generally applied
the advancement OF It's great Understandings
mercal, Agricultural and manufacturing; and whilst San
Francisco ovetsro9n and overpopuated and scarcely
Gy OF lis first settlers boast Of having retained
tho 1.-THE Of the which they rapidly acquired
In 1873 aud 1860, the State at largo has been pro
crossing with giant strides In oil the elements OF
solid wealt, and importance, some evidences OF which
shll furph In detail al early period At prosen'
have but garced ut the circumstances which have
caused reduction In receipts Of gold from California,
that erroneous Impressions may not exist a. TO the ac,ua
production there, viz, the greatly diminishing foreign
wants OF the people.
We have before sdvered 10 tho recent ccoss OF the
quartz mi oers which continues unsbated Eriy Febru
airy Published tho nlnot incredible sccounayet upon
good suhori,y-of the working OF the Allison ranch"
lead owned By SIX men, whoss own labor with that OF
I hired haods produced for three succsaivc months tho
prodisous Of 10000 per week. Tins Is certainly
sIisry instance, but many other leads yielding
largely The sss,s viii yield much gold this year n in
auy formes period, IL not more.
Tho annexed abatement exhibits the value q merchan
dse In ported into this port during TIE past week and since
| Jan. \, in each OF tho past hree y-ars--
| COMMENTS Posr os NSw YoRx-vALUx oy Mrosrs
! 1866. 1850 1867
Dry roofs ........ $sve sa 81 ,63I ,eoa $oso, si6
General 1netchaadse.. 1,JE,sS3 G62, s06 a.2li,1s2
Total for tho week. ~ ss6 2s7 - lea 400 81 2O5, 5e7
For from Jan IS S9Z 0S4 II 800 DIG 62sTS, 16s