Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1865-01-12
Property or California,

Gu more assured than at present. In
progress Of the State in the development
of all its resources, never was NOR
steadily advancing than now. Whateve
may have been the effect of the war upo,
other parts of the country, California ha
not felt it to her hurt; and whether tn
conclusion of the struggle is to be sudden
or long deferred, we can not see that ou
State is to be injured. Most fortunatel,
we have preserved gold as the currency
and every value is marked in coin, so tina
we have avoided all the feverish change
growing out of huctuating and uncer
tam currency. The past season has beer
one OF unusual dryness, and the agricul
tnral interests have suffered severely; but
TINS unparalleled season demonstrates the
fact that we are not living from hand tc
mouth, but that the resources of our State
are sufficient to carry US through one
barren and unproductive year. The
present rains are sufficient to give us the
assurance of prosperous harvest; and
the mines will yield, this year, nearly
double the amount in gold of previous
seasons. The discovery of silver IN the
Territory, now the State of Nevada. is
Just beginning to tell in favor of our State.
Heretofore the draft has been against us
for machinery and labor IN the develop
ment of mines; the balance will be largely
in our favor for the next ten months.
Railroad interests have advanced with
great rapidity. From San Francisco to
San Jose, fifty-fve miles of road is now in
operation. The Sacramento Valley Road,
under the direction of Mr.. Robinson, has
made branch connection with Freeport,
some twelve or fifteen miles of new road.
From Folsom, the terminus of the Sacra-
mento Valley Road, a new company,
under the Presidency of Charles McLane,
have built some twenty-three miles in the
direction of FL Dorado county. The
California Central Road from Folsom to
Lincoln. is being extended under an or
ganization known as the Yuba Railroad
Company, Frank NJ. Pixley, President ;
the road partially graded; an agent now
East buying iron; the road will be in
running order to Marysville, distance of
twenty-three miles, by July next. The
Northern California Railroad Company
here take up the work, and cars are now
running to Oroville, distance of twenty
nine miles. The Pacific Central Railroad
is being pushed rapidly forward; thirty
one miles are now in operation, with q
very large amount of ties and iron ready
to be laid as soon as the grading can be
done. 4 recent decision of the Supreme
Court, secures the State guarantee of in
terest on 10000 of their bonds. The
same Court will give them 100000 of
bonds from San Francisco. The aid from
the General Government, from the State
and the various counties, gives this COM
pany about $1,000, 900 of available cash,
assets, and secures the prompt and ener-
getic prosecution of the work. The Presi-
dent, Mr.. Stanford, has drawn during the
past week $50, 900 from the State Trea-
sury, and, we are informed, will immedi-
a,ely place one thousand men upon the
line of the work. Our commercial affairs
are not less prosperous and encouraging
the Pacific has not been disturbed by Con-
federate cruisers, and but few casualties
have occurred to interrupt the trade with
our port. Our coasting trade has increas-
ed immensely during the past year. The
settlement of the political affairs of Mexico,
by the assumption of power by Maximil-
liam, thus giving strong, firm and per-
manent government to this people, is
already most favorably influencing our
trade with the Mexican ports; and if this
condition of affairs continues, as every
rational person must desire, we shall open
with Mexico most important and re-
munera,ive trade. The old discoveries
in Idaho; the new oil wells; coal and
copper mines the quicksilver mines-all
show that our mineral resources are not
only not exhausted, but are not yet fairly
developed. The product of our own
mines are increasing rather than diminish
ing. Foreign banking-houses are bring
ing from Europe the capital and facilities
for business, and recognizing San Fran
cisco as a moneyed center. The estao-
lishment of line of steamers to China
will soon be brought about. With a
Pacific Railroad and Oriental Line, San
Francisco becomes the center of vast
business circumference. The Northern
whaling feet has made most of its outfit
in our harbor this year, for the first time.
Our State Treasury is plethoric with gold;
our receipts exceed our expenditures our
coupons are paid in gold; state credit
and most of our municipal credits stand
well. Indeed, the whole aspect of bust
ness affairs looks most rosy. Tie city Of
San Francisco is especially prosperous.
Real estate, under the decision of the
validity of the Specific Contract Law, has
received new impulse. The next season
gives promise of very extensive dealings
in real property, and very important i'm
provements. Our merchants are in healthy
condition. and we venture the opinion
that there is not city in the Union where
there is more substantial property among
its business mems. F. Ne1cs Letter.