, 1860-08-02

|
| Eot1e 5 than a trio of f,i,es 40 br' eht
| - sstn'''. lke viso:s At - Il carly light,
Es .hs N ina H. t Ien iney we're fhfss-
'~ ''3''''A '''N
They chauted s~e. anthem. 10 God til. Most ui,h.
Tbs dus.ts,cl, e!otu. # Hesic vert by:
III no csst xn n wSse tn . fa.a M T ve'
S 1A "'<@'
IT,: ui sxi'@s sy.. a;d tsss aa,k a.
III IT, ree ens'ms m Of tho,e &C. satufsa 50 fair
Aud shtd AID "a oI eaIths tssu;y a.c thcy2
/. new h. Re- l*n in t,h 10 A. ,ru .,,,,,,
In a!s'e. til. nluai sac1ed-ln ptoud nf. u iatoc
"e esn ask uar eafio' to keep bright our name;
Anil ,oos,,,s ,ot, II ,,na~,.,o,,,.
And ,csI;ns In tcr ri. eapseJ tho ,Sb,s sV.roo7r
C.n ~ slf shake b 'nds ri b the glory belt Ely;
A'o'0rs .ecx .'.soa - 'A''ts pas'W.
@@------=
Interesting Letter from California.
lconc.poadcnce y, y. Courier md Euon,,e,1
Sax Fr.xr1,co .In,o - ,.eo
scAnc11Y or cArl1AL-u1Gu nArr ov ,v7.prsr
It seems singular and anoma1oue that +ho
great want in this po'd.ptoduc,nr rnun,rr il
the want Of capital, Exorbitaut interest ia the
catcer which is eating out the vitals of Cai;goT.
MIA. The lending OF money in nltooethsr tha
must remunerative business which is nrac,iced.
The profits Of o1her pursuits md nrofe,sions
are precorjous. md of1ea uodera;e cnou.L Int
FECu1Ed
antees which the property Of The county af.
1ords, is a path way to wealth which never mis-.
leads. The rates on town property and in-
Proved ranches, varY ffo1i one ard ha}f to
three and half per cent per month. for long
leans. There is no banker IN any Of the towns
large or small, who cannot keen out all the cans
ital within his control on short loans of three
per cent per contf,. saw ut Napa cfty Il lopr
list Of 50 und - dag lours, secured upon mort
cages On the farms of that and The ne;ofborinr
valleys. the finest and 1nost nrndncf;re in the
State. Of which Zone we're at irss rate of ;ntn.
rest than pcr cent per month. I iudve from
what have seen that there are but yery few
bercd with MORTGAGES. It il nls;n enouch that
uulcss capitalists ID our Older States and II En'
rope shsli be induced to send laree suu,s hera
fur permanent investments. the nresent mart.
ea9ees must become The nosse.sors NJ n rnrv
large portion Of the real est ate now held by the
industrious and struggling settlers. S
c,srs a...
~Aeis !" to'S7*
The situation Of the rancho Of Salrado Val.
tln Is case IN point: 1t contains 9 800 acres,
mud lies near Napa. The nominal proprietor is
ore OF tht family who twenty years ago owned
nil this country for miles around. 4 lew years
ago, feeling that want Of money Which is the
chronic complaint Of his family, he borrowed
S3o,"tt on tlis ttact, which IL worth at least
*~So's"., - tos".Heo .ue A'ouey oA y ulutt-
haS1 " 'ue "uole Plaee ior sonc rale OF 1n1er"
BEEN reduced IN that 1he ann S,a and ns ns1ah;e
each month IA interest does mi errsed - 10n
nor the aunuul charre II" .nN]. EonaI tn nar
cent year liz xTar of k.e,;r,, oii .},;.atf -,
rood ofter. the MORTGAGES 1ents md d. cntiyatea ~
The place. pa. ing l,ioistf out of The nroreeds of
the crops, and passing over to lis 1undlord
whatever surplus may remain. which probable
ia not buIthcnsome, I rode past this t,ronertr
think Was told that ncarly the whole of It
was iu wheat, there being one leid of a.0oO
acres covered with that grain. From what
saw Of the crop sunnose it will ayrrare th;rtv
bushels to tts acre. making the to,al product
&C. .o0p bushels Tie wheat Of this region il
round. plump and beautiful. II would
in my of ibe princi,n! prain mar,
kets u, the last IRON 81. so to \. 90 ner husbet.
Here, the ruling price this year i. mt esnfcteJ
t. exceed seventy -tiye ceots per bushei.
At the risk Of aggressive letter, [ may rive
another illustration or two Of the price of
money. One-half Of the .tMexican Silver
Mine in Wushae, is said to be now upder
!aortsagc Of siJ on, on which eight per cent.
a u,onth is paid. wis Informed Di the par.
ticulars uf u cascin which 1000 was len. upon
\ vnIu able rahchu, which was suffered 10 run
ut compound intercs. until the debt amounted
70 .s sso."oo, "nen Inc !ena was transferred from
~, ..a. -. ,..... ~. .S..
ehAN'E IN VALUE or rhorehsf-coSfl1cF or
7'1A1s.
The greatest cha1s Is il, the nominal value Of
as shown Of tic rents Yielded at ya-
on it, have occurred iu the cities and towns
There ar. many butd,n9s in San Francisco
which foEnaerlv rented for rrcater ,utns an.
nualIr. than ,.l.y hare siucc told for. or would
now command, 4 .,reat portion Of The lands
in the coast valleys ia covered by in1uense
grants. in various stares If 1itiralion. Some of
item Lave recently bssn rejected by The United
States Supreme Gou1t. and mn,e Of then, viii
be. These decisions, Of which intelligence has
just been received, huve delighted the suuatters.
who were in painful stale of uncertainty
uncertain whether to fgbt for their improve.
nents or to run away from the 1ascaiiy specu.
latols Us they call the cluimants to the rejected
grants. The whole coast, from The head Of
ouuou,a Valley TO Cape Mendocipo, q distance
Sut.cr from the 1.ussians. and is nov contested
by tie heirs Of Captaiu Smith, This grant ex.
tends finc miles into the interior. md com
pr,ses 10 .Q0J acres of land. II ia needless to
say ,Lat settlers are filing up The district with
verify little rerard To either set of cla;nants-
/ ims3ine the Supreme Court viii make yery
shof, ,yort n-ith fhe nratcnsjons or I'll - the,1
~ -'' - >~'~11'
e'Hs VI "Aschts-fAhA aAca1SEa4'
Many Of the cultivated ranches, whose title is
beyond dspute, are of great siz=. That of
Jerome Davis, in Iolo county, fifteen miles
from Sacramento, contains l2.ooo acres. Of
Thleh 900 are under fence. Col. Harasetny
has 4,sN acreB. The estate Of Ar. Swift,
which ! mentioned in INF last letter, extends
from Son"Ino village to the bay, some fit-
teen miles. lud includes 1900 acres. The
Hon. Nuthan Coombs, whose house rear Napa
s1sited last week, is the posseseor Of ranches
more or less fenced and cultivated, coniainirr
2',5oo acres, which we're s.ocked with 3 00U
horned cattle, $500 sheep. and some hundreds
Of horses.
The barev harvest is now nearly completed.
and cutting Of Wheat will commence nrxt week
und will cou,irue month. Thcre is no fear of
ruin. Il il NECESSARY to pet the ura;n down oe
quickly after the ber;nnine Of hstvrst NJ nosi.
bfr, ln order 10 prevent tao scattering oi Tho
straw: but il mar hr ,eu ,,non ~ gra,,r, ~ ' y;
shocls "r :rrsied and n;ipg M % ;n ;I.a "nan ~
field 10 sacks, witLou. .he slightest pruteetion @
until November. Two months hence fhe t;eids
viii present The snectacle of drisd stnhhIs
in The s,,n n;lea ~ thr.shad se-a,s
and hesps Of whi,e rrafn baes '1S" '''""'
Iarqer pronorlion Of tl,s vort !. aon, hv
.nachiuery ID Ills country ,hau in anv othe9
This is rendered indispensaLls hv The h;ch nice
Of Labor. Harvest binds receive 81 20 Ter dav.
or $40 per mun,h. thourh ulnost nons ran ~
h;rcd IN har,rtt hv The tnonth Tba Ind;sn. "
whom a ,tood nu1nher sill tinrer ahon. sha s;ta.
Of thr oi9 M;ss,ons. receire me do1iar ner e 40
AZ binders. Tbcy are .oierah,r f.;,hfoi ~.
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