The Nevada Democrat., 1858-06-16
The New EI Dorado.

Since our last issue the steamer Senator has
arrived from Puget Sound, bringing vclum-
inous quantity Of intelligence from the northern
mines, in the shape Of letters from "reliable
correspondeRts," extracts from Washington
Territory papers, etc., which was eagerly de-
voured by the public. The accounts gener-
ally give favorable reports Of the prospects Of
the Frazer diggings, but on the whole they are
more conflicting than the intelligence which
had been previously received. In reality, ell
that is now known for . certainty, is, that gold
exists on Frazer river and iss tributaries, but
as yet IL has only been found on the river bars,
and all accounts agree that these bars cannot
consequence of high water. A few big strikes
are chrOnieled, which may be regarded as au-
thentic. but every one acquainted with mining
knows that little dependence can be placed in
these accounts as indicating the value of dig
gings; few miners may be making money,
while the most of them are not making enough
TO pay their expenses. II the gold sh hOuld he
found only on the bars. and in the beds Of the
streams, as is the case in some Of the digginga
in the northern part of this State, the mines
will soon be exhausted. The prospect Of max
ing fortune by river mining, particularly 10
country where operations can be carried on
but three or four months in the year, on ae-
count OF high water, is scarcely sufficient to
induce miners to abandon even the well.worked
hill diggings Of California. The existance Of
gold, however, in the river beds, is considered
pretty good evidence that the surrounding mills,
gulohes and fats abound in the same metal
and unless the mountains are very steep and
rugged this supposition will doubtless prove
correct in regard to the Frazer river country.
At any rate, il is worse than folly for miners
who are making . living without having to
work too hard for it. to rush to that country
now. If the hills and fats prove to be rich in
gold there will be time eneugh to 60 year
hence but if the gold should be found only on
the river bars it will scarcely pay to 20 ct all.
New Caledonia, as tho British territory on
the Pacific is called, may prove a second Cali
fornia; it may prove another Kern river In
either case, nothing will be lest. and much may
be saved by waiting few months, until reliable
information can be obtained. Those who are
out Of employment, If they are inclined to try
their fortunes in the northern mines, perhaps
cannot do better than to start at once. Stir
ring times may be expected in that section dur
ing the present season, and fine prospect is
open to the enterprising and adventurous men
of this State. The Indians are reported as be-
ing troublesome and ineolent and it may be
necessary to chastise them it may also be neces-
cary for the Americans to take some action ia
regard to the illiberal restrictions which the
officers of the Hudson's Bay Co. are attempting
to establish upon the trade of the Territory
These officers now refuse to allow American
vessels to ascend Frazer river, without . per-
nit from them but it is reported that bend
of this river extends south of the 49th degree
of latitude, and consequently is in American
territory. If such is the case, the Americans
will have as good right to navigate the river
as the British, and provided enough Of the for
mer are on the ground to protect their rights,
they can compel the Company to compromise
the matter, SO as to epen the river to the free
navigation Of the citizens Of both countries.