he 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 greate