EFFECTS OF THIS DISCOVERY ON THE UNITED STATES.—The following remarks upon the influence of this immense discovery, which appeared in a popular New York journal on the 23rd January, proves the extent of impression produced upon society in the States by the intelligence of this new source of natural wealth:—
"The news (February 12) from California will attract the observation of the whole community, A spirit is generated from those discoveries, which is more active, more intense, and more widely spread, than that which agitated Europe in the time of Columbus, Cortez, and Pizarro. There seems to be no doubt that, in a short time—probably less than two years—those mines can be made to produce 100,000,000 dollars per year. The region is the most extensive of the kind in the world, being 800 miles in length, and 100 in width, with every indication that gold exists in large native masses, in the rocks and mountains of the Sierra Nevada. But these vast gold mines are not the only mineral discoveries that have been made. The quicksilver in the same region seems to be as abundant as the gold, so that there are approximated to each other two metals, which will have a most important effect and utility in making the gold mines more valuable. Heretofore the gold and silver mines of Mexico and Peru have been valuable to Spain, because she possessed a monopoly of the quicksilver mines at Almaden in the Peninsula. This is surpassed by California. According to the last accounts now given to the public, emigrants were crowding in from every port in the Pacific to California—from Mexico, Peru, the Sandwich Islands, Oregon; and we have no doubt by this time the British possessions in the East, China, and everywhere else in that region, are furnishing emigrants to the wonderful regions of California. In less than a year there will probably be a population of 100,000 to 200,000 souls, all digging for gold, and capable of producing from 100,000,000 dollars to 300,000,000 dollars worth per annum of pure gold, to be thrown on the commerce of the world at one fell swoop.
"What is to be the effect of such vast discoveries on the commerce of the world—on old communities, on New York, London, and other great commercial cities? Such a vast addition to the gold currency of the world will at once disturb the prices and value of all productions and merchandise to a similar extent to that which we see in Monterey and San Francisco. The prices of every commodity will therefore rise extravagantly during the next few years, according to the produce of gold from that region. Now, in a rising market everything prospers; every one gets rich, civilisation expands, industry increases, and all orders of society are benefited. As soon as the first crop of gold from California reaches New York, the impulse which it will give to commercial enterprise, and the advance in the price of everything which it will cause, will be tremendous. The bank currency will be expanded, for the basis will be abundant; real estate will increase in value, agricultural productions and agricultural labour will advance at once 10, 15, 20, 30, or 40 per cent., even to as great an extent, perhaps, as was witnessed when the demand came from Ireland for the food of this country to feed the starving Irish. New York and her sister cities will be the centre of all those revolutionary movements which are certain to spring from the gold productions of California, on the commerce of the whole civilized world. Ship-building will increase in value, steam-boats will be wanted, the railroads projected across the Isthmus in various places, in Mexico and Central America will be pushed to completion, and we should not be surprised to see an active attempt made, under the auspices of the Federal Government, to construct a railroad across the continent, through the South Pass, from St. Louis, or some other point on the Mississippi, to San Francisco. The discovery of these great gold mines will no doubt form the agent of the greatest revolution in the commercial centres of the world and on the civilisation of the human race that has ever taken place since the first dawn of history. New York will henceforth, from its position to the Pacific and Atlantic Oceans, probably in less than a quarter of a century, present a population greater than that of Paris, and display evidences of wealth, grandeur, magnificence, and industry, in an equal if not greater degree than what we see in London at this day. We expect that, in the next twenty-five years, we shall make as rapid a march in this metropolis, and in the neighbouring cities, as any city has done during the last twenty-five centuries. There is no necessity for all going to California. Those who remain, and will raise produce, manufacture goods, build ships, construct steam-engines, and advance the Fine Arts, will enjoy the benefits of those discoveries to as great an extent as those who go to the Sacramento to dig for gold. All the results of the labours of those diggers must come to this metropolis, swell its magnificence, and increase the intensity of its action in commercial affairs. Even in a political point of view the discovery of these wonderful gold mines in California, under the Government of the United States, will have a wonderful and astounding effect. We should not be surprised to see, in a short time, all the old provinces of Mexico, as far as the Isthmus of Darien, knocking for admission into this union; while, on the other side, the British provinces of Canada, and even the Spanish island of Cuba, may be begging and praying to be let in at the same time, and be permitted to enjoy some of the vast advantages, and participate a little in the energy, which this vast confederacy will exhibit to the astonished world."
DISORDERS IN THE GOLD DISTRICT.—Up to the close of the year the accounts were with few exceptions favourable to the morals and habits of the masses of adventurers congregated on the banks of the San Francisco and the vicinity; subsequently the statements on these points began to change, and every letter noticed some robbery or murder, generally both, as of frequent occurrence, and at length they became so common that there was neither protection for life nor property. The following ominous intelligence, which appeared in the Washington Union (the organ of government), created an immense sensation. It was the substance of a letter from San Francisco, dated the end of December, addressed to Commodore Jones. "This letter (according to the Union) presents a desperate state of affairs as existing in California. Everything is getting worse as regards order and government. Murders and robberies were not only daily events, but occurring hourly. Within six days more than twenty murders had been perpetrated. The people were preparing to organise a provisional government in order to put a stop to these outrages. Within five days three men have been hung by Lynch Law. The United States revenue laws are now in force, and will yield 400,000 dollars the first year. The inhabitants are opposed to paying taxes."
LATEST ACCOUNTS (from the New York Press.)—The desperate state of affairs in California is fully confirmed. Murders and robberies were occurring daily. The following are particulars supplied by Lieutenant Lanman, of the United States navy, who had returned to New York, after having acted for a year past as collector at Monterey:—
"Only about an hour before he left, he saw a man on board the flag-ship, just arrived from the mines, who confirmed the previous reports in regard to the discoveries on the river Staneslow, where he had seen a single lump of gold weighing nine pounds, and heard of one that weighed twenty pounds. The gold excitement in Monterey had entirely abated, the immense mineral wealth of the country being looked upon as an established fact. There was no disposition (except among the landholders) to exaggerate. For a year past Lieutenant Lanman has been performing the duties of collector at the port of Monterey; and, having seen every man who had returned from a visit to the mines, his opportunities for obtaining authentic information were better than if he had visited the mines in person. He informs us that no large amounts of gold dust or ore were selling at a sacrifice; he does not believe that one hundred ounces of the gold dust could have been purchased at the reported rate of eight dollars, the ordinary prices ranging from ten to twelve dollars per ounce. The weekly receipts of gold at San Francisco were estimated at from thirty to fifty thousand dollars, and Lieutenant Lanman knew of one individual who had in his possession thirty thousand dollars' worth of pure ore and dust. The current value of gold in trade was sixteen dollars per ounce. There was a scarcity of coin throughout the country; but when Lieutenant Lanman arrived at Panama, he was informed that 600,000 dollars had just been shipped for California by certain Mexican gentlemen, and that the American consul at Paita (Mr. Ruden) had in charge coin of the value of 118,000 dollars, which he intends to exchange for ore and dust. Peru and Chili are not behind the United States in regard to the gold excitement, no less than twenty vessels having sailed from these two countries within a short time bound to San Francisco. They were all well laden with provisions and other necessaries of life, and their arrival would probably reduce the prices, which have heretofore been so exorbitant. The whole amount of gold collected at the washings since the excitement first broke out is variously estimated—some put it down as high as 4,000,000 of dollars, but this I think is a little too high."
A private letter says the produce of a vineyard of 1,000 vines brought 1,200 dollars; the vegetables of a garden of one acre, near San Francisco, 1,500 dollars. A snow-storm had covered the gold-diggings, and the people were leaving, on account of sickness, intending to return in the spring, which is said to be the best season for the gold harvest. Labourers, according to one letter-writer, demanded a dollar an hour! Adventurers continued to arrive at San Francisco from all parts of the world; and several persons, who were reported to be laden down with gold, were anxious to return to the United States, but could not very readily find a conveyance, as the sailors deserted the ships immediately on their arrival in port.