The Placer herald., 1864-03-12
"WAsHlNGroN, Dec. 80, 1868.
"coNDITION or TUT co,-~ruy


"WAsHlNGroN, Dec. 80, 1868.
CONDITION OF THE COUNTRY.
"bear constantly in mind, although the
loyal States appear specifically to he in a
prosperous condition, that such is not the
fact That while the Government is engaged
in the suppression of rebellion of unex-
amp'ed ierceness and magnitude, and is con
stantly draining the country of its aboring
and producing population, and diverting its
mechanical industry from works Of perma-
nent value to the construction of implements
of warfare, while cities are crowded, and the
country is to the same extent depleted, and
waste and extravaganza prevails as they never
before prevailed in the United States, the
nation, whatever may be the external indi-
cations. is not prospering. The war in which
we are involved is stern necessity and
must be prosecuted for the preservation of
the Government, no matter what may be its
cost; but the country will unquestionably be
the poorer every day it is continued The
seeming prosperity of the loyal States is ow-
ing mainly to the large expenditures Of the
Government, and the redundant currency
which these expenditures seem to render ne.
cessary.
Keep these facts constantly in mind, and
manage the affairs of yonr respective banks
with perfect consciousness that the appar-
ent prosperity of the country will be proved
TO be unreal when the war is closed if not
before; and be prepared, by careful manage,
nent of the trust committed to you, to help
save the nation from financial collapse. in
stead OF lending your influence TO make it
more cer,ai, and more severe.
"H. MCCuLLoUGH, Comptroller"
RISE IN PRICEs.-The produce market
has been much excited for lbe past ten days,
and the price Of -four and grain has made a
great advance. The diminishing prospect Of
sufficient rain to insure average crops is Civ
en- as the reason of this sudden initiation of
prices-but buyers have begun to think
they have been purchasing wildly, and are
not willing to encourage further advance
at this time. AT San Francisco wheat has
been sold at 50 40 per 100 lbs; -four at ST.,
rs and $500; barley at $2,05; oats 8 cts per
ID; hay so per ton. Butter and beans have
also partaken of the fever and gone up de-
cidedy in price. Should the present month
bring copious rains present prices for the
above named articles could not be maintain.
ed-on the other hand, a continuance Of the
drought will enhance them.
| GOLD ON THE RIsE.-The New York mon
ey market has been in furry of excitement
this week-gold going up from l6O to l69.
This enhancement h.s had An immediate
effect in this State.-causing legal tender
notes to depreciate to 81 2 cents on the
dollar, and sensiby affecting the mining stock
market, by decline in prices of nearly all
stocks The Bulletin Of Thursday says "Va'
rious private mercantile dispatches from
New York came to hand last night, quoting
gold at at l6O and l69-others naming still
higher figures; merchandise in consequence
was rising rapidly at the East. The imme
date cause of this rise is attributable in part
to very heavy imports and nothing to pay
for them but California gold"
A LIVELY PLAcE.-ln one day last week
in Virginia City, Nevada Territory, there
were three shooting affairs (n one of which
a man was wounded who has since died, ~ one
murder, and several fist fights.
ESr The monthly income of Sandy Bow.
ers, a lucky owuer OF "slver feet" in Washoe.
is $4,000.
Thoc ;ol -.
cisco, on Thursday of last week, and was
buried on Sunday. The funeral ceremonies
were attended by thousands-al the flags Of
city were at half mast, and minute guns we're
fired from the Notifications in the harbor.-
The Legislature adjourned over from Satur
day until Tuesday, in respect to the memory
erect monument to the deceased.
ExEcurED.-The Magruder murderers,
Howard, Romaine and Lowerv, were execut-
ed at Lewiston, Idaho Territory, on the 5th
inst. Each protested innocence of the
crime The fourth murderer, Pa 'ge, i: will
be recoected, turned States evidence and
was permitted to 90 free.
EASTERN News. - Sherman's expedition
into the interior of Mississippi has been the
war subject of interest and mystery for two
or three weeks. No reliable accounts being
received from his army, rumor and specua-
tion have been rife. The expedition was
destined to Mobile to co operate with Admin
raj Farragut in the reduction of the forts
and city. 1t seems, however, the plan has
not been successful. Advancing as far as
Meridian, be found it necessary to retrace
his steps; and latest accounts say that be has
returned to Vicksburg, after destroying the
railroads and laying waste the country.