The writer was practising his profession in the city of Albany, his native place, in 1848, when reports came of the discovery of gold in California. In a short time samples of scales of the metal of the river diggings were on exhibition, sent to friends in the city in letters. Many of Colonel Stevenson's regiment had been recruited in that city. Soon these rumors were exaggerated. It was said that barrels of gold were dug by individuals named. Soon the excitement extended all over the country, and the only barrier to wealth, it seemed, was the difficulty of getting to the Eldorado. Why the discovery of gold there should have produced so much excitement cannot be fathomed. It seemed an era in human affairs, like the Crusades and other events of great importance that occur. Your correspondent became one of its votaries, and organized a company to go to the gold rivers and secure a fortune for all interested in it, and it seemed all that was required was to get there and return in a short time and ride in your carriage and astonish your friends with your riches. Suffice it to say, this company was fully organized (with its by-laws and system of government drawn up by the writer), and sailed from the port of New York on the ship Tarrolinter on the 13th of January, 1849, to go around Cape Horn, arriving in San Francisco on the following July. From that time I became absorbed in all the news from the gold regions, and losing confidence somewhat in the certainty of a fortune from my interest in the company, and reading of the high price of lumber, the scarcity of houses, and the extraordinary high wages of mechanics there, conceived the project of shipping the materials for some houses there, having all the work put on them here that could be done, thus saving the difference in wages, and to have them arrive there before the rainy season set in, and thus realize the imaginary fortune that I had expected from my interest in the company. In the following spring I had twelve houses constructed. The main point upon which my speculation seemed to rest was to get them to San Francisco before the rainy season commenced. I went to New York to secure freight for them in the fastest vessel. Fortunately for me, as I conceived at the time, I found the day before I arrived in New York, the Prince de Joinville, a Havre packet ship, had been put up to sail for the port of San Francisco, and as yet had engaged no freight. I made a bargain with them at once to take my houses at sixty cents per square foot, and had the contract signed, half to be delivered at the side of the ship by such a date and the other half at a subsequent date. I delivered the first half of the houses on the time agreed, sending them down the Hudson river by a barge on a tow. I sent the second half on a barge to get there on the day they were due, apprehending no trouble, I going down myself a few days in advance. They commenced complaining at the ship that they would not have room for the balance of my houses on board, although I had their written contract to take them at sixty cents per foot.

There was great California excitement about this time, and other parties had come to the conclusion that the Prince de Joinville was probably the fastest ship taking freight for San Francisco. I saw them accept of offers at $1.50 per foot, when their contract with me was for less than half that price, which would make a difference of several thousand dollars in their favor. So, if the balance of my houses did not arrive within the time stated in the contract, they would not be taken on that vessel, and my speculation ruined. The time was up the next day at twelve o'clock. I was down on the Battery the next morning early watching for the tow, with the barge with my houses. The ship was at the dock in the East river. About ten o'clock, A.M., I had the good fortune to see the barge rounding the Battery. I cried out to the captain to cut loose from the tow, employ the first steam tug and I would pay the bill, which he did, getting on the side of the vessel by eleven o'clock, thus saving my contract by one hour. But they did not commence taking them on board, so the captain of the barge put a demurrage of $20 per day for detention. In the meantime, I had bought my ticket to sail by the steamer Georgia to the Isthmus to go on the 1st of July which was but a few days off. They, seeing that I had them on my contract, came to me and said that my houses should go on their ship according to contract, if they had to throw other freight out, and that they would sign a regular bill of lading for all the material deliverable to me upon the arrival of the Prince de Joinville at the port of San Francisco, and take my carpenters' specifications for the description of them, which seemed all right to me.

The following is an article from the Albany Evening Atlas of June 23, 1849:

"CALIFORNIA HOUSES.

"Our estimable fellow citizen Dr. Knower, who is to start for California by the Crescent City via Panama, is about to ship to that place twelve houses, complete and ready to put up on arrival at San Francisco. The venture is a costly one, the freight on the material approaching the cost of as many frame buildings in this quarter, and the projector, we think, has managed the speculation with great foresight and judgment. The best timber has been selected, and the best work men employed, and a plan of architecture pursued, which is supposed to offer the greatest advantages with the most economical expenditures of material. Four of these buildings are 18 feet front and 25 feet deep. A partition running lengthways divides the buildings into two rooms, and the stairs leads to a second platform, which is large enough for bedrooms, or for storing materials and tools of miners. Two others are 18 feet front and 18 feet deep, with a small extension in the rear of 8 feet. Two are 16 feet in front and 22 feet deep, with the entrance on the gable front; and the four others are 18 feet front by 14 deep. The sides of the building will be composed of a double framework of boards planed, grooved and tongued, fitting air tight on each side of the timber, the interval between them being either filled with the moss of the country or left vacant, the confined column of the air being found sufficient to keep off the excess of cold or heat. The roofs of all the buildings shed from the front, except two of which are of gable shape. The roofs are to be made of solid, close-fitting planks, covered with fine ticking and coated with the patent indestructible fire-proof paint, and applications which our citizens have just begun to use here, and which they have, found entirely successful.

"The houses can be easily transported to the placers or may be put up on the sea-board. We should suppose that the numerous land-owners who are speculating on the prospects of future cities would be glad to give the land necessary for the location of this village.

"The houses go by the Prince de Joinville, a first-class vessel, which leaves New York soon."

I sailed on the steamer which left New York at 5 P.M., July 1, 1849. Friends were there to see me off, but there were no persons on the boat that I had ever seen before—I was wondering who would be my first acquaintance.

Being very tired, I retired soon to my berth, and woke up the next morning on the broad ocean. Two days of sea sickness and I was all right again. There were about one thousand passengers from all parts of our country. I tried to fathom the motives and standing of different ones. Colonel B. from Kentucky, an aristocratic-looking man, with his slave for a body servant, who could not have been bought for less than $1,500 in Kentucky, where slavery existed at that time. Why a man in his circumstances should be going to California to seek gold I could not fathom. One day a party of us were seated around the table talking matters over. It was proposed that each should reveal to the others what he expected to do and his motives for the expedition. We each related our expectations and the motives that had inspired us. My aristocratic friend was one of the party. My curiosity was at its height to know his views. He said: "Well, gentlemen, you have all been candid in your statements, and I shall be the same; I am going to California to deal Faro, the great American gambling game, and I don't care who knows it."

Later on in my narrative, I shall have occasion to refer to Colonel B. again under other circumstances. The fourth day out being the fourth of July, was duly celebrated on the steamer in true American style. Our course was to the east of Cuba. We passed in sight of the green hills of San Domingo to our left, and in sight of Jamaica to our right, crossing the Caribbean sea, whose grand, gorgeous sunsets I shall never forget. I could not buy a ticket in New York for the steamer from Panama to San Francisco, but was informed at the office in New York that sixty tickets were for sale in Panama by Zackery, Nelson & Co., the American Consul, who were agents for the steamer on the Pacific side. I naturally supposed that those who offered their money first for those tickets could buy them. The price was $300 for the first cabin, and $150 for the second, from Panama to San Francisco; but a fraction of the passengers had a ticket for the Pacific side.