The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1858-07-08
Correspondence Of The Commercial Advertiser,
SAN FRANCISCO, June 20, 1853.

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SAN FRANCISCO, June 20, 1868.
DEAR ADVERTISER I'm my last | made some men
ton of the new Ell Dorado on Frazier's River, and sine
the sailing of the Liholiho and Yankee, the exodu
from this State has been heavy, and to many, VIII
hold large monied interests, somewhat alarming. al
though no one fears the ultimate effect, unless j
should prove another Kern River affair. For
few months, however. this excitement viii prove dis
astrous to many in the interior, as it is drawing of
the productive classes, who are the bone and sinev
of the S ate.
Trade in San Francisco has been very good for
few weeks in many branches, especially in the gro
Gerry and hardware line. l should think at least
10000 had left California already for the new dig
gings and on strolling along Nr wharves, one is
reminded of old times at the East, when the emigra-
ton commenced to this State. All the old g tubs
both steamers and sailing craft. are being brushed
up for the occasion, and 'Frazier's River 9 Bel
bingham Bay" or Victoria is in everybody's
mouth. The streets are swarming with the : $ gray
oack crowd OF miners, some well equipped and
some not SO well. One fellow I observed the other
day, whose only outfit was a demiiohn ande tin of
crackers. He was singing along, and the burden of
his song was, "I'm bound to Frazier's River, as
sure as you're born 20
All this rush has taken place without any good,
reliable information having been received here as vet
respecting the mines-in fact, the river has been so
high all along, that it has been impossible to work
the bars, which when prospected will be the fair test
OF the richness of that auriferous region. I deem il
questionable whether as good pay will be obtained
there as can be found here. | hear of men leaving
good claims in California, some that are paying $50
per day. in the hope of better remuneration in those
new gold fields. Truly, this is insanity. July and
August will settle the question. as at that period of
the year, the water of Frazier's River is low, and the
bars can be worked to advantage. Should they prove
to be rich. the hills will be correspondingly good.
As for myself, l think one 9 gold country y in a
lifetime is a dose, and nothing has unsettled the uni
versal Yankee nation SO much as these discoveries of
the orc lying around, out doors. loosely, for any one
to pick up.
The ship Caribbean, from Hongkong, picked up
at sea seven Japanese, who, having been blown off
the coast of Japan in a gale of wind, were drifting
about for a long time, and by this lucky means of
escape from starvation, have come among US, it
would seem. to pave the way for a better and more
widely extended intercourse with that government.
The agent of the United States government, J. Ross
Browne, Esq, and resident here, has communicated
with the department at home. advising a safe con-
duct for them in one of our finest naval steamers, as
early as possible. Meantime they are around in San
Francisco, sight seeing, the most courteous attentions
being paid them 10y our citizens. They are much as
tonished at our telegraphic communications and gas
light, the nature of which has been, explained by one
of their countrymen here. named Toro. 1t is the in
tention to give them rs much insight as possible into
our institutions, internal improvements. &C., before
their return home. and who knows the benefits which
may arise from it, in time to come.
We have had quite a fleet of ships from China in
the past fortnight, and the sugar and rice markets,
in consequence, are somewhat depressed. l note the
British ship Caribbean. 374 passengers American
ship Boston Light, 377 PASSENGERS ; British ship
IfooreSfoot, 500 passengers. and Chilean ship Eloisa.
Our money market, in consequence of the Frazier's
River excitement, is quite stringent, as in the past
month quite AN amount of capital has been trans
ferred to the different points in Bellingham Bay and
Puget Sound. | saw a money-ioaner, n day or two
since, who informed me that he was off in the first
steamer. because he finds it difficult to place his funds
at better than two per cent. per month. Poor fellow.
his case is a hard one, and ought to be attended to.
Affairs in the East look well for a very large emf
grafton hither in all this year and the next. The
sn,fo U4s ~
about the right position 10 compromise on fares,
ana unless a more frequent steam communication is
put on the route, we may expect to see a large influx
via Cape Horn. The bark Iconium has recently left
Boston with fifty passengers, and another vessel is on
the berth, advertising for emigrants.
Our weather is delightful, and our strawberry
market beats anything ever seen. This has been a
great season for them-but as | do not wish to make
the mouths of your readers " irrigate," l will take
my leave with an aloha. SYPHAx.