mines of Santa Fe,
which are allowed to be the richest in the world; here, then, is a
valuable country, to which we have a very fair title."

EFFECTS OF THE CALIFORNIAN NEWS IN ENGLAND.--A glance at the
advertisements in the daily papers (says the _Examiner_) will show that
the public appetite for California is likely to be promptly met. The
burden of the various vessels already announced as ready for immediate
departure amounts to about 5,000 tons, distributed in ships ranging
from 190 to 700 tons, to say nothing of the West India mail-steamer,
which leaves on the 17th, carrying goods and passengers to Chagres, or
of a "short and pleasant passage" advertised to Galveston, in Texas, as
a cheap route to the Pacific. The rates range from L25 upwards to suit
all classes. Thus far, however, we have only the arrangements for those
who are able to move. The opportunities provided for those who wish to
share the advantages of the new region without its dangers are still
more ample. Indeed, so imposing are the plans for an extensive
investment of capital for carrying on the trade in shares of L5 each,
that it would seem as if the first effect of the affair would be to
cause a scarcity of money rather than an abundance. About a million and
a quarter sterling is already wanted, and the promoters stipulate for
the power of doubling the proposed amounts as occasion may offer. There
is a "California Gold-Coast Trading Association;" a "California Gold
Mining, Streaming, and Washing Company;" a "California Steam Trading
Company," a "California Gold and Trading Company;" and a "California
Gold Mining, etc., Trading Company." The last of these alone will
require L600,000 for its objects, but as half the shares are "to be
reserved for the United States of America," the drain upon our
resources will be lessened to that extent. Some of the concerns propose
to limit their operations to trading on the coast, sending out at the
same time "collecting and exploring parties" whenever the prospect may
be tempting. Others intend at once to get a grant from the legislature
at Washington of such lands "as they may deem necessary," while others
intend to trust to chance, simply sending out a "practical" manager,
accompanied by an adequate number of men "accustomed to the extraction
of gold in all its forms." Along with these advertisements are some of
a modified nature, to suit parties who may neither wish to go out with
a batch of emigrants, nor t