The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1858-01-21
$22,o0o.ooo.ooo
Grand total

c-.ca tcto, $22,0 100000
THE CAUSE OF THE HARD TMEs.-T The present
financial crisis is not the only one that has RESUMED
from excessive speculation. We may learn II we
would a great deal from experience but the goanesa
spirit Of our countrymen soon forgets ana reco's"
from past hardships. and continually revels n te
excitements of rapid fOrtune-making. Inc !" asn,hg-
ton. n. C.. American revives a satire OF MAJOR JACK
Downinr,s upon the cause of the crisis OF 1887. that
is peculiarly applicable to the present. The Mapr
was in Washington attending to some particuiar
business for the &c General and in the midst OF hs
labors received a letter from his cousin Ephraim, IN
sorm;no him that he had become disguised with the
apple business, for he had found out a way. TO ea
rich forty times rs fast as by retailing APPLES, or a.
the Major could by attending to political concerns
and not work hard neither.
The business was nothing more nor less than buy
ing and selling ]and. He says "Uncle Joshus
wning-yo lNhow he's an old fox, and always
knows when to Jump; we'll, he see how everybody ""
getting rich, SO he went and bought a piece OF a town
ship up back Of Dcwningville, and gave his note frs
thousand dollars for it. And then he sold it ia unce
Jacob, and took his note for two thousand dollars
and uncle Jacob sold it to uncle Zachary. and took
his note for three thousand dollars, &C., down toBlh
Johnson, who bought it and gave his note for SIX
thousand dollars. So You see" says he, "theres
1--WE Of them, that war'nt worth nine-pence apies
Except uncle Joshua,) have now got a THOUSAND
dollars apiece clear, when their notes are paid up
and winds up by advising the Major to come home g
all means, forsakc his longings after place and posi-
sAOn4 0A4 Ooy AotHA SN4OAV y W0o Ia kVAA$s
But the Major, it seems, was a little .obtuse with
regard to the practical part of the operation. for we
find him writing to Ephraim; 81 can't seem to see
how it's they all make money so fast in that lana
business down there. that you tell about. How could
all our folks and Bill johnson and all of 'em therein
Downingville, make a thousand dollars apiece jest
traidin' round among themselves. when there ann
fifty dollars in money put it altogether, in the whole
town. 1t rather puzzles me a little. As soon us SEE
them all get their thousand dollars cash in hand, III
give up my commission, and come home and py
some tu."
CALrroRSIA--A general condition Of prosperity
prevails throughout the State. Several new dis
coveries of rich quartz mines have recently been
made, and, generally, the mining interest appears TO
be in a hourishing condition. An exchange says.
The financial condition of our State Government
improving rapidly. For the first time in our history,
the receipts have been sufficient to pay the curren,
expenses for the year. 1t is believed that when al
the County Treasures shall have made their settle.
ments, there will be q handsome surplus remaining
ia the Treasury.
Another grove OF mammoth trees have been as
covered in Mariposa county The ordinary SIZE
these trees is 800 feet in height, and from ten 70
thirty feet in diameter. The discoveries Of this grow
had no Instruments for measuring the trees with them,
but they thought some Of the trees to be iargaa
than the largest in the groves previously discoveIs
This is the third mammoth grove in Mariposa; = ~
discovered, has 427 trees. the second ~; ana :
last So. These groves are near the road 20 the 9Th
Yosemite Falls The most celebrated mammo.
grove in the State, however, is in Calaveras coun''
There are four Ia I'll.
During the debate ON the banking articles IN =
Kansas bogus conetitutiou, itcame out thatin maAIns
10 s bank Sc Leoomptou. last summer, it was necc-
Bary, in accordance with the charter 70 exniD.
Of $4,000. While the Governor oounIe.Jht
bag - : time, the other was carried out sn az ~
= aGnln. and this was done until $oO'""
Dountsd and esrtiaontss obtained -
r. $500 ~. - CHICAGO. Illinois. hsve cna..
$500 NMosfss G6Sv&.. 81 meek Fed Douglas