, 1862-01-06

year 1856, and they arc all filed as soon Is coua
rlcted, and rents continually advance She
ets here, proud mistress Of the Pacific, and
shakes iier money bags at her less fortunate
patriotism, but when called upon to oct, she
does not tteome to time with very surpris-
'ng amount Of agility. Rev. T. Starr King
preached sermon in Platt's Hall to about
$500 persons, in favor Of the loan. He por-
rived from the Union with graphic eloquencc,
showed how it was the duty of her citizens
to subscribe literally to the loan, even if the
rate Of interest is lower than obtains here;
and with scathing words spoke Of the shame
bruce this opportunity to contribute material
force in support Of the Government The
eloquence Of the gifted orator reused to the
highest pitch Of enthusiasm those who had
no money to invest, but no1ey bags" took
it quite coolly-he couldn't s1Ece it;' seven
cent. month" The capitalists here did not
invest largely, because they did not consider
it d "good thing;'' they claim that the won
derfl alacrity with which the loan is taken in
Eastern cities, is accounted for. by the fact
that it pays higher rate Of interest than can
be 1csitimately obtained there, while here
twelve per cent. per annum is the lowest rlte
for large Investments. This reasoning, Of
course, is q eordid one, and leaves patriotism
entirely out Of the question: have no doubt
but that there arc millions Of dollars in this
State boarded By miners and others in the
mountains, that would be invested in the loan,
if its nature WAS properly understood and ap-
preciated. One crest difficulty has been the
short time the books we're opened The
masses just began to appreciate the advan-
tages Of the loan, when the books were closed.
To-day . dispatch from the Secretary Of tile
Treasury authorizes the re-opening Of the
books until further notice. California may
yet redeem herself in this particular.
The Golden Gate arrived this morning with
the remains Of the gallant Baker, who fell ct
the disastrous battle Of Balls Bluff.
Immense preparations are making for the
funeral Of this truly great man. Although he
represented Oregon in the United States Sen
ate, California claims him rs all her own. he
will doubtless be buried by the side Of the
noble Brodcrick, on Lone alountain. The
| echoes OF the eloquent voice Of Baker, eulo:
| gizing lis murdered friend, have hardly ceased
before the orator himself is cut down by the
same internal o{gurchy-operatmg upon q
broader feld-that destroyed lis glorious
compecr.
It appears from our Eastern dispatches
that the citizens of the Northwestern State;
have been greatly exercised at tile removal 9
Fremont from his command in Missouri. 1
| Is q little singular that in this State the hom'
I Of thut gentleman, his removal, SO fer from
exciting dissatisfaction, strengthens the conf
dence Of the people in the Administration
| ccarcely paper N lne nta1e nahes any coua
plant, while I'LL the leading Journals approx
the act. The fact is, Californians have The ut
! most confidence in tsO1d Abe,' while the,
have but little in Fremont
When he received his high military appoint
ment, it was hoped here(but not conhdent,Tcx
pcctcd,) that he would succeed; but when
was found that he had surrounded himsel
will L well known set Of tnauciers from thi
State, it WAS considered t!,1t he was 'tgon
in,'' Ills overthrow being only question {
time. An article In your paper intimate5 thu
Woods, Palmer, seloscr d Co., have abuse
to be the fact, it does not relieve Mr. FremoI
from i charge Of incapacity, in reposing col
fidenee in such men; for he knew them well
they had been connected, and some Of theI
are still connected, with him IN financial op
rations in this State, as partners, agents, &'
Their reputation as jobhers and speeulatol
WAS notorious. He knew, as well IS any otht
man, that they could no more resist the tenn
tation to make ssnicc thing'' out Of the
positions than " sneak theft could keep Ii
hands of Of a well loaded clothes line. 1t
true that Fremont, in his proclamation, h
upon the true solution Of our present nations
!, difficulties. That alone will make his nalI
famous in history, Notwithstanding his ba
mauncrs in takipg position in advance Of h
Euperiors in command but Californians b
| 1ieye that he Was not deposed moment te
, soon for the safety Of what little military Ie1
utation he had left.
Lady franklin, accompanied by her nies
Miss Cruycraft, left d few days since for Japa
and China. Sic is getting TO be great tra
eler; if she does not tie up beforclong the
, may be necessity Of sending an expedition
: search Of Mrs Sir John franklin. Since b
arrival here she has visited British Columb
taken s trip to the Sandwich Islands, yisitt
! all the natural wonders Of the Hawaian Kin
: dom, returned to California, and tr:avclt
, through this State in her private earring
! She went to zee the far famed 70 Scniete til
in Mariposa, the big trees and caves of G:
I eyeras, and took q flying trip across t
+ mountains to Washoe and the dc}ectat
= dominions Of Governor Nye. Now, hayi'
thoroughly "didn the western slope
! the continent, she is OFT for mysterious Japa
:. and the wonders of the Indian Ocean.
: News has just been received from the Soul
i ern part OF tic State, that the notorious D
: Shcwaltie. member Of the last Icgislatu
- who killed Piercy in duel, has been arrest
o with seventeen others, on their Way to Tc,
|