The Placer herald., 1863-07-04
CALIFORNIA; Portion.

Callf0I MAS Portion.
Our share of whatever debt the Union
incurs will be abour onelfortieth, because we
have at least that proportion of the popu-
latiou and wealth of the country. Now,
when the debt of the country is two thou
sand millions California is to pa y fifty mil
lions. In little time, when the debt bel
comes fonr thousand millions, our share will
be one hundred millions. This amount it
will reach before the end of Lincoln's term
What cost one hundred millions year ago,
will now cost about one hundred and nifty
millions, and as paper declines, all articles
cost more paper dollars. But these notes,
or part of them, are exchangable for stock
bearing six per cent. interest in gold. But
that gold will still further increase the ex-
penses of the Government, because large
part of it must be purchased in the market
with paper, and, after time, one gold dol
lar will bring three paper ones, and even
at that it will not stop We notice great
tendency for some weeks past, in the gold
market, to a decline in price. This is evi
IDENTIFY the rusult Of Mr.. Chase's arrange
ments and it cannot be permanent. Paper
must naturally deprecae and gold and all
valuable commodities will command more
paper dollars. With this will come a large
increase in expense, rapid increase of debt
After time this matter will pass beyond
the control of tinanciers; all will be at sea,
and debt will increase with terrible quick
ness. Mr.. Lincoln cannot quit office, and
leave debt less than five thousand millions
of dollars, unless peace should be made at
an early day.
Here, in California, if the people DO not
fight and spend their blood, they have to
bear heavier load of tax than in other
States. We have seen no returns of the
internal tax receipts for time which can
give US the means of calculating whether
we pay more than other States. But we
think our share is above the average, and in
the Custom House duties we pay about
oneltenth instead of fortieth of the whole
amount collected These new Tariffs opel
rate with peculiar hardship upon this State,
which is importing so great quantity Of
necessaries, than other States produce them
selves. The stamp tax, here, ought to yield
a very large SUN, because trade is here far
more active than in many Of the old States,
and exchanges Of property are very frequent.
Marysville Express.
HORSE THIEVES IN PLACER.-A CORES
pondent Of the Union, writing from Damas.
Gus, Placer county, July lst, says:
We have had quite an exciting contest
with horse thieves to-day. On the night of
the 26th Of June, two negroes and two
Mexcans stole two horses from j. w Dick
inson Of North Star, and one from E. L.
Watson, of Christian Valley. Dickinson
pursued, with recruiting officer from Fores.
Hill, and heard Of them passing the Forks
House. The thieves laid up in the brush on
the goth, and, getting lost in the night,
came into Damascus about one o'clock
taken the Washoe road in pursuit, were
ahead of them, but they were followed by
Joseph Wilson, Franklin Cannon, of Butte
(who now resides here), May, and man
from the Forks House. They overlook the
thieves near Black canon, east of the
Deadwood road. The thieves dismounted,
hiched their horses, and fell into line and
opened fire with their revolvers on the pur
suing party. Two shots were fired at Cannon
without effect. One of the negroes was kill.
ed on the spot, and another moraly wound
ed: the third made his escape. One of the
pursuing party received rather severe flesh
wound in the arm. The three horses were
captured, and leave for Forest Hill immedi
ately. w. b. Lyon, of Iowa Hill, being at
Damascus, dressed the wounds. All the
citizens of Damascus are out to bring t he
dead in, find the wounded, and capture the
escaped thieves if possible.
The "KEY"-The experienced General o
the Sac. Union, is after Gen. Haleck
Hear him:
Is Harper's Ferry the key of Maryland
If so, how did Lee enter the State without
touching the key? In this instance, as in
the case of Miles last September, when Hal
leck forbid McClellan's Withdrawing the gar
rson, we find large detachment of troops
kept where they can render no service and
exposed to capture if the rebels get time to
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