The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1859-05-26

We presume that Sir EDWARD BULwER LYTToN
or whatever English statesman may succeed him
as Colonial Secretary, will pause for while before
erecting the little settlement on the Red river of
the North into new Colony, now that the Frazer
river gold fever is dying out for want of susienance
Those in this country, or in England, who were
credulous enough believe the reports concerning
the almost fabulous richness of the Frazer river
gold mines, must he satisfied by this time, either
from practical experimentation the more trust
worthy accounts that have been received from
reliable correspondents, or from the personal mar
ratves of adventures who have returned from the
placers ragged and penniless that the glowing and
attractive descriptions of the mineral wealth which
was said to be scattered proiusey throughout that
region of country, were nothing less than gross
fabrications. Of the thirty or forty thousand
miners who set out from California and Oregon,
and Washington, expecting to reap rich
harvest in the newly discovered Ell Dorado
nearly all have returned to the places from whence
they started sadder poorer, and-it is to be hoped
wiser men, Of hardships encountered; of dis
eases contracted; of pers incurred by sea and
land, from outlying bands of Indians from the
vicssitudes of the climate from anxiety, exposure,
and scarcity of the commonest necessities of life,
the narratives of the disappointed adventures are
full. But no sooner is one gold field found to be
comparatively worthless, than our floating popu-
ton is enticed to seek other placers, which some
body processes to have discovered, and which, of
course, arc reported to be of extraordinary promise
Pixies Peak was the latest novelty Gold had been
liCpnyprcH thnrp &c m in
fnitesimay small quantities, but the mere fact
that it was gold was sufficient to answer the pur-
poses of those who sought to enrich themselves by
specializing upon the credulity of the ignorant, the
avaricious, and the enterprising-upon ALL indeed
who, being deaf to prudential considerations
desired to crafty their passion for rowing
life under the plea of attempting to better
themselves elsewhere. Allured by the promise
of sudden wealth. thousands of western settlers
abandoned their homes last autumn and during
the early part of the present spring, and crossing
the wilderness encamped on the sterile and broken
country adjacent to Pixies Peak How they SHOW
eed dirt, hauled dirt, washed dirt, dug ditches
constructed sluice ways, and 'prospected' the
country for many miles around, and how their
stock of provisions daily grew less while their
stock of gold consisted of microscopic quantity,
the letters written from Denver city and from the
poverty stricken placerS by responding miners,
very graphically describe. But many of the dupes
still cung to the hope that richer metallic deposits
would eventually be found, whose daily yield
would compensate for the labor which they had
vany expended, and for the miserable existence
which they were doomed to lead in the meanwhile
But the Pixies Peak bubble has at length burst
The much Wanted gold field on the eastern slope
of the Rocky Mountains, is pronounced with bitter
emphasis humbug, and many families are now
making their way back TO the States, weary,
furnished, indignant and desperate. Tele-
gram from st. Louis two days ago, reported
that one of the outward bound trains had
been attacked and its stores captured by
party of emigrants, who killed the conductor
of the train during the fight that ensued, and
subsequently hung Mr.. GRIFFITH, who had been
appointed Postmaster at Aurara, struggling
village of log cabins that has sprung into exist
ence in the vicinity of Pixies Peak Such an oc-
currence, deplorabe as it is indicates at once the
lawless character of the border population. and
the straits to which at least portion of them
have been reduced. In Denver City, where about
hundred log cabins have been erected which
contain perhaps five hundred Inhabitants con-
sSting Of Indians, mixed Breeds Mexicans and
Americans, we are told that drinking and fight
ing constitute the chief amusements of the place:
that scarcely week passes without some one
being killed; while occasionally, TO diversity the
programme, a criminal, who becomes too obnox-
ious to his associates, is arrest d, tried before
Judge LYNCH, and summarily hung. We
are not disposed to critcise too severely
the acts of these rude borderers, in view
of the receptions that have been practised upon
them, and the hardships to which they have been
subjected; but the utter social DISCRIMINATION,
which prevails in such remote communities. and
ofwhch Denver City is an illustration, may be cited
warning to those who feel inclined to leave more
useful, and, in the long run, far more remunera-
tive fields of labor, for the chances and changes.
the trials and privations, that are common to the
life Of gold seeker. 1t is not at all improba-
BILE, however, that the next point to which specu-
iators will endeavor to attract emigrants will be
Arizona of whose numerous silver mines much
has been already reported and but little verified.
In an agricultural point of view, Arizona is nearly
as worthless as New Mexico, and as its mineral
wealth is almost wholly matter for conjecture, it
offers no greater Inducements for settlers than
Pixies Peak or Frazer River.