, 1858-06-18

The San Francisco Herald OF late date,
after commenting on the unprecedented hegra
towards the Frazer's River Mines fiom Cal.
ifornia, and discussing the eligibility of the
various routes to the mines, and coming to
the irresistible conclu ion that, to proceed by
sea to Steiacoom, and thence overland via
the Nachess Pass, is the best route, says
"The existence Of gold placers to the north
Of us of such vast wealth will eventually
prove of the greatest benefit to this State,
not oaly with reference to the commercial
advantages accruing therefrom, but also from
the additional importance which our Pacific
possessions will assume towards the Atlantic
portion of the Union. The General Gov.
eminent cannot remain blind to the impera-
tive necessity that will exist for the imme
diate construction Of tran continental rail.
way, telegraphie communication, the erection
of government works on an extensive scale
on our coasts, the establishment of suitable
naval forces, and all the other governmental
appliances and facilities now boosted by the
Atlantic States. California at present occu-
pies an isolated position in the Confederacy.
Her representation is by no means proper.
toned to her Importance, and her just claims
are, from that cause, either too often over.
looked altogether, or but partially satisfied.
The existence Of gold mines in Washington
and Oregon Territories, not to speak of the
British Possessions, which are said TO rival,
il they donot surpass in richness the most
lucrative Of California in her palmiest days,
must naturally entice an immigration from
the East quite equal to that of 1s49, 80
and 81. It is unnecessary to dilate on the
results of such an immigration, and the
benefits that must accrue therefrom to the
whole Pacific coast. New, rich and power.
ful States will spring up like magic, which
together will WELD an influence in the Con.
gresso of the nj ton that canneither be ignored
nor slighted. In the meantime, a flip will be
given to private enterprise that will call into
active circulation the money that is now
lying idle in the vaults of capitalists-money
that has been codered since the financisl crisis,
simply because the general distress greatly
decreased hegeneral consumption, and in the
absence Of demand, all kinds of business has
been dull and dunremunerative, and will remain
so until the old stock be cons1;ced. Never.
theless, il would be as well to await still more
definite intelligence respecting the new gold
mines. II reports may berelied on, they are
vast enough and rich enough to yield ample
recompense to those who way seek them five
years hence-and California experience has
demonstrated the notable fact, that others
than our pioneers are now generally the
wealthy men of the State. The opportuni-
ties for speculationaaOrded by San Francisco
can never obtain at any one Of the ports Of
Oregon or Washington Territory. Their
commercial facilities are not Of . nature to
create an agglOmeratiOn Of inhabitants at
any one Of them, and cause like extaor-
dinary change in the value Of real estate.
They may, and probably will, become large
trading towns, but can never become great
commercial marts. Their number will also
prevent the concentration of trade in any one
place, as has been the case with San Francis
co. Nothing will be lost by exercising a
little patience and discretion, while much
hardship and privatlOn, unnecessary risk,
and the loss Of time and money, may be
saved"