Newspaper of The New York Herald, January 9, 1851, Page 3

Newspaper of The New York Herald dated January 9, 1851 Page 3
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tie 1st 01 J uu?rv, up to the tine or the expiration of all the a* anrrs, viz: 1861 |126,742 30 1868 124,194 30 1M? 120,094 30 1864 ?a, 213 80 18? * 78.4ti3 30 1866 01,113 30 1W 1)1,013 30 1868 48,028 30 1869 47,028 30 1886 45,528 30 1861 43,778 30 1868 43,278 30 186 3 36.500 (JO 1864 26,750 00 1865 20,750 00 186 6 19,750 00 Aggregate contribution $9!M,225 60 The following is a statement of the amount that baa been charged upon th? Hank Fund for the re demption of bTlla and pt> ment of debts of the ?everal insolvent Paten Fund banks: ? Banit. Medemptiona (Jtblt. Total . Bask of Buffalo. .$436,540 00 *140,241 23 >684.781 21 City Bank of Buf falo S17,lll 48 317,111 48 Oomatarolal Bank of Boffale 18?.8<3t 00 437,514 88 011,376 87 Commercial Bank of New York... 100.837 (0 148.139 23 285 008 33 Wayne Oo. Bank. 183.185 00 18.077 70 120.208 70 Commercial Bank of Oswego 103.182 00 78 351 83 241 513 03 Bank of Lyons. .. 52 8WH00 40.0'iS 08 02 051 08 Watervliet Bank. 128 24X 18 72059 81 1UA.325 47 Clinton Oo. Bank. 71,804 10 150,257 30 328,153 39 Xa Fayette Bank New York 98 00 88 00 $1 603,740 ?4 1 081,084 43 2, 580, 435 07 Makinkk'h ki \ii This fund consists of ?he following items, viz : ? Mortgage of the Aitwicjii Sfnmm'i Friend Society, (without interest,).. $10,000 00 Money in the treasury 164 81 Money in the treasury ?>-m under pro test 141,038 98 $154,223 79 The Comptroller would a-k the attention of the Legislature to the suggestion* contained in hi* last annual report, in relation io the moneys paid into the treasury, under prott-s' lor the pisjenser tax. The amount thus received ho I now lying in the treasury is $144,058 98. Several of the parties who made the payments have called on the Comptroller to refund the amount, on 'hr ground that the tax waa adjudged to be unconstitutional by the Su preme Court of the Uoiterl St ites. But serious doubts are entertained xh to the liability of the State to restore the money, and if liable, another ques tion arises, whether it ehould be pi id to the ship ?wners or to the passengers from whom it was de rived. It would seem proper thit authority shouW be conferred on the Attorney General to join in ' amicable proceedings for presenting the legal ques tion to the Supreme Court If it shall be decided that the amount in the treasury belongs to the Stnte, its application will become a proper subject for the discretion of the Legislature. Auburn and Roduittr Railroad Company Sink ing J'uml This fund consists of the following items, viz:? State stock : ? 8 per cent, redeemable in 1866, $13,847 00 6 do. do. 1860, 4,000 00 $17,847 00 Comptroller's bondts:? 5 per ct., payable on demand, $7,147 OO 6 do do. do , 10,852 69 19,999 69 Bank Fund stock : ? fi per oent, redeemable in 1859 13,000 00 Money in the treasury 1,145 78 $51,952 47 Tonairanda Railroad Company Sinktng Fund. This fund consists of the following items, viz : ? State Stock 5 per cent redeemable in 1866. $>,500 00 5 do. do. 1-ttl. nx uio 5 do. do. 1**). 1,600 00 $.5,801 00 Bonds and mortgages 5,80 ) 00 Money in the treasury 6,70) 86 $18,91 >3 25 Jiudton and Btrkthirt Railroad Company Sinking Fund Thia fund consists of the following item*, viz State Stock : ? 5 per cent redeemable in 1865. $3 2 SO 00 b do. do I860. 3.000 00 #6,260 00 Lets, balance due the tieaaury 1,249 23 $5,012 77 The interear on the State Mock loaned to the Hudaon and Berkshire Kailroid Company, due on the first daytt of January and July last, being $8,200, was |>aid from th? ire&iury. To refina thia advance and provide for the interest falling due lit Jan'i*ry next, the C ompt roller (ri*M the cirse of the fiecal yt-ar) lias disposed of all the ae curit.ea held in trust for life H idron and Berk . hire Railroad Staking Fund, in pursuance of chapter 2:?7, law* of 1850. Af'er reimb ir-*ing the trea sury there remaina ft balance of $5,298 ."2, which ia sufficient to meet the Januuy payment, and leave $1,173 62, applicable to the interest falling due on the Ut of July, I5t>l. It ia hoped, that alter the ainkiug fund e-rntll have been eihauated, :he company will be able to meet the future ji iy rrenta of interest from it* own resources. Tioga Coal, I rim Mining and Manufitciuring, Com pany Sinking /'umt Thia fuud cona'nt* of the following item? , vu State stack, 5 per cent, redeemable in 1861 $700 00 Comptroller's bond?, 6 i>er c ??', paya ble on demand 287 82 Money in the treasury 211 10 $1,198 92 I-cng UUtnd Railroad Company Sinking Fund. Thia hind consists ol ihe following items viz: ? Comptroller's bond*:? 6 per cent, puyable ca de mand $3,000 (JO 7 per cent, do 2.331 20 5.381 2? Money in the treasury -1,159 48 $9,190 73 Sihoot ami (iotptl Fund of the Stttkbridgt In- ham, The amount ol thia 1'und ia invented in a bond issued by th? Comptroller, pay able at pleasure, 6 per cent ?6,000 00 Fwnd fur ihf pavmrvt of thr inhrtti on Iht R m'U ia*"/ by tht Nor York and Etit Railroad Com pany. The balance in the h ind* of tb? Compirol !?r on the lat of December, 1810, in trust lor the oawneut of the interest on the bond* issued by the New York and Erie R lilroad Comptay, in pursuance of chap S2fi. Inws of 1815, ia aa follows ? Amount ii.vested. viz 4J per cent State stock, 18<>4 $5,000 00 5 " ?? lid 6,855 65 5 ?? " 1861 18,050 00 6 ?? " 1855 86,615 00 ?' " 18.* 6,000 00 $117,029 65 Amount deposited in the Merchants' Bank, New Vork, for payment ol the mtereat due lat May and l?t Nov , 1860, on the fwnd? issued by the com P?BT $227,314 34 Leas amount of in'erentdue lat May and 1st Novem'r, 1860, payable from the above, for which the cou pons have not >et been received by the Comptrol ler 210,000 00 17,314 24 Amount of the fund 134,334 89 The amount of the accruing interest on the b nil-i, from the 1st \ov 1850, to the I Ith May, 1*61, being the ex piration ol the time fur which thia fund ia intended to ieeure the pay ment ol aaid mtereat, ia 113,054 79 *ihowinc an et eras in the hand* of the Comptroller, over the m-emi tig inter est to the l lth of May, IT, I. of $21,280 10 iivman ANNtirtaa By the sever. 1 1 treaties wiih the following Indian ribe?, annuities are annually payable to them, viz The Cayugas *2,300 00 The Onnndagaa 2, 430 00 The Setecas 500 00 The St. Hegia 2,131 h9 $7,391 6? TttK BAaKPiQ SYSTK* The currency of lie Slate i? in a sound and prospertiti* condition Not a single bank hilar* nas occurred during the past year. The business of bankinr, under the general banking law, ia apidly increasing, by the creation of new banks. Mid the d*po?it of ad litional securities, ns i baiis or circnlstion, b* existing inati'ution-' The prin ciples embodied in the general banking law, a? modified l>y subsequent lejidation, have received the sand on of public approval, and may now be regarded a* th? basis upon which our banking system is (>ermanentlf established. The (bailors of the safeiy fnnd bmks are gra dually eM .rinr, and there is re*w>n to conclude that, sa their present privilege* terminate, the most of them will reorganize, and continue their ope ration* under Ihe gem-r-il hanking system, in the manner authorizedl>y the set of 1849 In making this transition from the old to the new system, thev will be required to depoait specific aeenrities wit" 'he Tomptroller for the entire amount of their fl.tNla'ion The permanent iuve.iment of so Urite a poi ,,ou of their capital will necessarily diminish tin. ,r available means for the aucominoiauon of th? business classes, te t considerable extent, ami tome embarrassment munt Ik- expected to result from ao important a change But it is hoped that the temporary w< oavenicuee thus produced will be compenaated by the advantages attendant upon a system which imparts to the circulating medium the essential qualities of uuiforrility and security. In the last auuunl report from thia office, the attention of the Legislature whs called to the ap proaching necessity ol providing a more extended basis for the security of circulating note** to be leaned under the general banking law. It is be lieved that this nrcessity baa been reached. The formaiien of new bmk', anl the re-org inizition of expiring inatitutiona, create a large ami con stantly increasing demand for the securities which the law authorizes the Comptroller to receive ia pledge for registered notes. While the demand for iLese securities is thus increasing, the supply is steudily diminishing by the reduction ot the State debt. The present law requires that the whole amount of bills issued from the Hank Department shall be secured by the hypothecation of un equal amount, which may consist of New York stocks exclusive ly, or New York Blocks and bonds and mortgisjes in equal proportions or the stock security inay consut in equal proportions of New York and Uni te d States stocks. During the last year the Com missioners of the Canal Fund redeemed $136,000 of the State debt, and the further sum of $870,000 be comes paoable in January aud April next. Of the f 1,306, (.00 thus paid and to he paid, nearly one half had been pledged by the bank9 as a aecurity for circulation. The same process of reduction must be continued from year to year, by the auplication of the revenues of the Sinking b'und. The effect of this reduction, in countfctioa with the growing demand for New York stocks for banking purpose* and for foreign investment, has been to enhance the premium to high rites, which cannot be afford ed by the legitimate profits of banking business. It is apparent then th*t some new species of securities must be admitted in place of our own stocks, alrea dy jo difficult to procure, and which will continue to disapjieur from the market until the debt shall have been extinguished in 1868 The question arises, what form of security shall be substituted; whut kind of public stock, safe and convertible in all emergencies, is within our reach an l obtainable by bankers, without paying ex truvagant premiums! All will admit that no class of obligations should be received as a foundation for currency, which will not afford perfect protection to the bill holder uuder the most favorable circumstances. After much reflection, the Comptroller is of opinion that the stocks heretofore issued by the eities of this Slate may safely be admitted on the same footing with New York and United States stocks. The princi pal amount of city debt now existing iu this State, consists of the stock oreat?d by the city of New York for the construction of the Croton Aqueduct. Ti e seciuity and availability of thia stock is unquestion able The smaller amounts issued by Albany, Troy, and Burtalo.are considered equally valuable and sub stantial. No objection ia perceived to the admis sion of stocks which may be issued hereafter by cities, provided the Legislature will first pass a law, (us required not only by public considerations of policy, but by the express injunction of the consti tution,) restricting their power of borrowing money. The debt to be created by city corporations should be limited to a certain p;?r centage on the assessed valuation of taxable property, and it should be made the duty of the authorities to levy an annual tax for the payment cf interest. Under such res'raints, their bonds cannot tail to be be sound and converti ble. The Comptroller would also recommend that the banks be permitted to deposit United States stock exclusively, instead of requiring an eq'tal uhare to be in stocks of this Slate. The high premiums borne by State aad govern ment blocks, Hnd the difficulty experienced in ob taining them, has turned the attention of bankers to bonds and mortgages as a bnsis for circulation, and the amount ot these securities offered at the btii>k department is rapidly increasing Bonds and mortgages on improved and productive real estate, poejeseing an intrinsic value, are considered a safe security for bill holders, and many considerations may be urged in favor of a system which gives to landed property some of the facilities inciden'. to other foims of capital, by making it an element of stcurity in the creation and regulation of a paper currency. Hut in receiving mortgages, a rigid scrutiny is requisite to ascertain that the title is clear sud the value unquestionable. The Comp troller has aimed to exercise the utmost vigilance in this tt rpect, and to exclude all lecurities which were not deemed amply sufficient. A careful in vestigation ot the nature and value of the mortgaged property, is rnsde peculiarly necessary inconsidera tion of the fact that some of th" b.inks are mere banks of circulation, earned on is the names of d'etsnt and irresisinsible paries, while the real owner, beting under powers of attorney, avoids p< rtonal liability, and so capital is employed or in \reted for the public security, beyond the Mocks ai.d niortgjgrti debited in the bauk department, which in many cases are p m-hased exclusively Ik m ihe proceeds of the bills obtained (hereon, ft is undoubtedly pn>|>er and expedient that mortgages I she: uld continue to be received to the extent now allowed, and under th?* restrictions n>"?w in force but the Comptroller is of opinion thatanvchingre in creasing the | roportion of securities of this det-crip tics would be prejudicial t? th ? system, and impei i he public confidence in the stability of the cur NHI. The Comptroller deems it his duty to call the attention ol the Legislature to the growing impor tance ol the bunk department, the extent of its re- I .-pootibiluies, and the magnitude ot its labors. , When ti< wed lis all its aspects, it may be regarded as one ol the most res,x>nsible branches o( the State administration. The duties devolved upon ! it are ard oils and delicate, requiring business ca- j pacity ol a hi?h order, firmness and integrity sujw rior to all temptation. The people must rely upon i the intelligent and correct di 'charge of those j duties, as their only secirtty for the protection and ! integrity of their circulating medium. To all who J are familiar w ith the extent and the complicated > functions of the Comptroller's office. It must be i < \ ident that it it is physically impossible for that officer to give to the bank ddpartment the |>ersonal caie and su(<eiTision which should be exercised in the dm harpe ot so res|M>nsible a trust. Hie oresent Incumbent de? ms it due to his successor unJ to the public, to nsk the legislature to rejieve the Coinp troller from this |?ortlcn of his official labors. This should be done by organizing the bank department i into a separate and iridetietideni office, to be placed under ihe churge ot a commissioner clothed with all the powers -ind responsibilities in reaped to the . banks arid the currency, which are now vested in ! the l.i mpt roller. Many considerations might be 1 urged to himsio 'he expediency cf such a change. | Originally, and lor m?ay years, the duties of the , O mptroilei's office wer? within a narrow range, ; and almost exclusivity fiscal iu their character, j He was the auditing ard accounting office, of this Male, having a general charsre of its finances, in- j cludint funds amldehts, receipts and expenditures, j With ihe imufH of tbe st iite 111 w< alth ind popu la I ion, tluse duties have been enlarged and multi plied New powers have been conferred from lime to time, until tbe incidents have outgrown 'he original office As a memla r of the Canal Bond, tbe Comptrol- j It r Is required to devote nearly one- naif of the year to tiist important branch of the public service As j s commissioner of the I'-aunl Fund and of the Land ( ffice, he is charged with important and laborious responsibilities Add to these the supervision of several millions of investments held for tbe School. Literature, and Iieposite Funds, i be accounts anil correspondence m ith c unly treasurers, loan com missioners, suctiop> ers, Indian auents, State prison n??nln. -t nrl ntln r officers, instructions to assessors, tbeai'ditlng of claims ag*in?t the State, the return of non reside&t lands an<t the co I lection of taxes, ihe distrih ition of i ubl:c moneys, the management of the Sta'e debt, the decision of questions aming irom there compile s.ted allalrs, examination* touching the sufficiency of foreign and domestic insurant e conq anies, and iucic enial duties too va rious 10 enumerate, induing the purchase of fuel and statiorery for ths Legis.sture; and all must perceive that tbe pn j<r discharge sf these diverai tn d vi cstions is sufficient lo engross the tune and attention ?( the Comptroller. w.thout imposing u pi n h ni the further responsibility attendant upon the issue ami re issue o( forty millions of ctirrency to several hnndrtd bank' rs, All experience proves 'ha' the pitb'ic interests aie iiihle to suher from an excessive accumulation of powers in the hands of a single officer. Each prominent and diitinct branch of tbe public ad ministration should constitute nn independent office, especially where the details nre so complicated and multifarious as to require constant supervision. The Hank Department, in addition to oilier grave responsibilities, includes the riisiody'and sale ke< | in* not only of many millions of securities, but of Itrge Mims of money, for which the head of lite office is liable. Ti e officer charged with a trust ot this magnitude should be enabled to devo'e his whole atu n'loit to it* performance. He should be selected with reference to his litsess and qnall fuiiticn<< for the peculiar duties imposed upon him; no cct ll'cting obligations should !>e permitted to withdraw his services; snd being thus invested with full control over the daily operations ol the ??ffice, his responsibility in the public will be direct hd d per*' pal In view of nil thcee considerations, and others v hirh might be more fully presented, the Comp troller would respectfully recommend that a new officer be authorised to administer the affairs ol the bsnk department, snd thst the Comptroller be reliev d from all the responsibilities devolved upon him by the senera! banking law The officer thus i rea ed should have exclusive superintendence of the general and incorporated hank depart ments: the quarterly reluros should he made lo and published by him, snd it would be judicious lo, I tisnsfer tobim also the power of the Comptroller in relation to loreiga and domestic uuiarance coinpa* dies, on applications for certificates of duthority, See-, under the act of 1849. incorhokatkd bank department The annexed statement (marked K. 1) exhibit* tht' names of the incorporated bank*, the capital hU(j circulation of each, the dates at which their respective charters will expire, and the names and rebiden?.'e8 ?f their redeeming agent*. It will be teen thai* l^e present number nf chartered b inks is seventy- three and one brunch; the aggregate nMountof th?*>r capul l* $27 <)6 1,860: the amount < t circulation 10 which they arc entitled by law ta $22,161,370, of .which they L.vern actual circula tion and on hand, |fl0,689. 17850. Two bankrf are included in thin statement whose charters will expire .January 1. 1851, viz: New York Statu Han it, capital.... ?fci9<>0() Hunk of Newburgh MO, (Nil* Thete banks are in admirable condition, aud have indicated an in'.entiou of continuing business under the general banking law. The stockholders, cr a majority of them, in three of the banks whose charter* expired J inuary 1, 1^50, viz: ? The Bank of Uuce. the Hauk of Au burn, and the Bank of Ithaca, have re-oigauized by forming new association* under the general banking law, in pursuance of chapter 313, laws ot lN'J These banks are gradually returning their old circulation anil receiviugnew notes secured by a pledge of public stocks deposited in the tree banking department. There have been received, counted and burned at the incorporated bank department, during the year ending December 1, 1860.50 1,161 munl.ited bank notes, amounting to $3,49-1, ?12, and cfliring the same period there have beea countersigned, numbered and registered 56*9,780 new notes, amounting to $3,460,387, which were delivered to the banks entitled to the same. ruiE bank dkiahtment. The whole number of banking associations and individual bankers organized aud doing business under 1 he " General IJanking law," M IK, viz: ? Bnnking associations 71 Individual bankers 65 Total 136 The whole amount of circulating notes issued to said afcbociatiouB and individual bankers nutstand iug on the 1st day of December, 1850, wa* $14,203, 115; for the redemption of which, secu rities are deposited and held in trust by the Comp troller, amounting in the aggregate to the sum of $14,823,087 46, viz:? Bonds and mortgages $2,320,914 71 New York State stock, 4J per cent. 225,450 00 " 5 4.-245.680 92 " 54 " 1,071,400 00 " 6 " 2,565,679 26 United States stock, 5 " 1 ,26ti. 2'>2 34 " 6 ** 1,628,2 1 H 8r? Illinois State stock, 6 " 651,696 60 Michigan State stock, 6 " 220, 000 00 Arkansas " 6 " 375, oOO 00 Indiana " 2} Ac 5 " 6,650 00 Alabama " 5 " 31,000 00 Cash in deposit for stocks matured und bonds and mortgages paid 212,106 88 $14,823,087 56 Total amount of securities held De cember 1, 1849 $1 1 ,916,806 39 Increase of securities from Dec. 1, 1849, to Dec. 1,1830 $2,906,281 17 Total amount of circulation Dec. 1, I860 14,203,115 00 ToUl amount of circulation Dec. 1, 1849 11,180,675 00 Total increase of circulation from I>c. 1, 1849, to Lite 1, 1850 $3,022,440 00 The following new ieeuri'ieu were deposited during the ye?r ending Dec. 1, 1850, viz.:? Bonds and mortgagee $821,341 11 New York State Stocks 1,188,009 47 United States 1,835,975 34 Illinois States stock, interest bonds on stocks heretofore deposited 3,021 16 Cash in deposits for stocks matured, bonds and mortgages paid and for banks cloying their ousiness 62,773 55 $3,911,120 63 The following securities were withdrawn during the year ending Dec. 1, 1850, viz.: ? Honda and mortgages ???? $153,470 88 New York State stocks 618,986 58 United States blocks 174,100 00 Arkansas State stock 49,000 00 i Michigan State stock 9,282 00 $1,004,839 16 The entire number of notes numbered, counter signed and issuei! (including exchaugf* fo muti- j luted bills) by tlie Iree banking drear-men' during ' the year ending l>ecember 1, 1850, was 1,751,812, amounting to the tutu of $5,501,254 Twenty-three banking associations and indivi dual bni.ket* have commenced business under the General Baukitm law during the year, via:? liunkmg ulttoi wliunt. Dank of Autmru City Bank, Onwego. <"iiy Bank of Brooklyn. . Bank of Fithkill. Hollister Hank of Buffalo. Marine Bank of Bullilo Mercantile Bank, New York. Ocear. B.uik, New Yoik. Pacific Bank, New York. Syracuse City Bank. Bank of Utica. Individual Bank t. Adams' Bank, Adam* Citizens' Bank, Watertown. Kigle Bank, Brighton Finwri' Bank, Hamilton county. Fiontitr B*nk, Watertown. Freemen*' Bank, Washington county. Hamilton Exchange Bank, Hamilton II. T. Miner's Bank, of Utica. Phenix Bank, Bainhndge. Sullivan County Bank, M?n icello. Western Bank, Washington county. Western Bail. ot Lock port. The bsmm lations have deposited the following securities, viz: ? Bonds and morigsBes $1 13.120 00 New York State stock, A per ceut. . . 173.796 1)0 ?* * 5J " ... 64,000 00 " ?' 6 '* ... 317,716 00 United States stock, 5 " ... 117.5(H) (>d ?? " 6 " 317,576 30 $1,184,009 30 Circulation is?ued on the above #!*ti,-lti8 00 The individual banker* have deposited:? Bonds and mortgages $181,631 00 New York State stock, 5 per een'... l."y?,7?W> 50 ?? ?? "... 69 000 no " ?? * - ... 1 II, MIS 15 United Sutes stock, 5 " ... 76.036 19 ?? ?? 6 . I <1,59*2 55 $811,723 39 Circulation n-susd on the ab've fTKI.lso no f t ui individual banks- hav?- given notice of their mtent'on to clow the ir hiiiwri, and have re turned a poition <>f their circulation, Viz : ? ll'nry Keep's I'ank, Wattrtf *n. Village Bank, Randolph. Crr'lsnd County Bank. Coirime-icial Bank, Loc knot' Ki t a particular statement of th? teenrities held by each bank, rtfererc? may be had to the annexed statement, (tin krd K 2 ) The Farmers' and Mechanic*' Hank, ' gden? burgh, having complied with the 8th ??'I ton sec tion* if the set fiossed M?y 2M, I- II. an<i th? t wo year" publication having expired, the funds held by the Controller in nu#t for the redemption of the circulating notes of raid bank, have been given up Th?- act -hoiild be- so amended as to feqniie a sati* fat tory bond foi the imynx-nt of any note* that may be piewnted alti r the expiration of Use two year IMibiientim required by law. I'nle>* se>tiie such security is reqvued, it is app.elieuded that cafes irsy snse exposing Nil holders to injustice In pursuance of chapter 331, laws of I85<>, pro per siepo have btfii taken inward* making a nna' distribution of the funda heJd by th?* Comptroller, ler the creditors of cerram ii.olvtiu b<nks and bankers t o the 1st of Msy I -at, s notice *h given (of which a ropy ia am.* xed, marked L) to the hold* is of ?he circulating uoienof 18 insolvent bsnks to | re yent the ssrir lor r? d< motion, wi*hin six months. as provided by law Tl?e Mti' allow ed for this purpose having expired. the( '.inftroller will proceed, without delay, to distribute the resi due i f these funds amongst th?- holder* of certiti cat? s giv? n for balances <lae i n the uot-s returned to this i fTice. a?v a CfltVANHM. It will be seen from the anne xe I ststem?nt, (marked M.) #77 ?ertifi?ates ef authority have Uen irsutd since Jimmy I, 18o0, hy the Comp troller, lo tli* sgents of thirty nine insurance com I aims of other States, doinu bu?in*fs with this State, ur. ler chapter 308, l.wsof lWf During the same period, 2M insurance comi anise, (eleven stoc k companies ai d hfteen mutu ii cotth -,) hnve b? i u organize <t miner said act within this Stif, end have fomishoi the Comptroller tie tejuisite evidence t>l then compliance with the law. The Comptroller is of opinion that the Uw [>er mittirg foreign romnanie* to lnaote lives >n this State, should be so ehan.'f'l as to require all OOtit isnirsiiit of the State, dott.g bii<-iuess here hy agents, to inveit all Me i ^ursnee premiums re ceived within the State, (deducting a reasonable nr. <1 fixed sl'owance for t>io'its and expenses,) in the hands of trustees resident m this St-jte, and to he approved by the Con ptroller, to fmm a trust fund lor the paymert ?.f the losses which may ac crue on policies iesm-d bv such companies to oiir rhixfns A *y*t?m whi -h encourages m^n to pnv vide for the futnre support and comfort of their fsmiliee, hy an annual deposit ftsm current ia r?me, in the form of premium on life insurance, dfMnr?a the foitering care and attention of the Legislature. Such guarantees should be exacted an will ef

fectually protect the rights and fulfil the inteutiona of the individual who devoirs a portion of his earnings to purchaae a pecuniary competency for hia children after hia death. The inourya collected lor premiums ought to be held as a truat fund, ac cumulating from year to year, and to be kept sa cred for the ultimate performance of the obligation which mutt aooner or later arise on every con tract of life insurant*) An intelligent citizen, who has given mtmh at tention to the subject, estimates that tne amount paid by the people of this State to foreign corpora- j tions, in premiums lor insurance on lives, withui , the prepent > ear. will eitceed f.iOO,(KIO. when It ' is considered that the policies are a continuing ! contract, on which further payments are to be made every year, duriog the life ot the party in sured, at the tame tune estimating the rapid in crease in this branch of insurance, the Legislature Can hardly fail to perceive the importance of adopting such safeguards as will afford to our citizens the security they seek, and for which they pay such ample equivalents, la making these sug gestions, the Comptroller would not be understood a^ questioning the integrity of the corporations in other States which have established agencies here. That many of them are in the hands of honest and responsible managers, and are administered with the most upright intentions, he is well assured, liui to assume that no exceptions will occur, would be to disregard all past experience, la some of ihe States charters have been granted with great facility ; the nature of the capital and investments are far belowfthe standard required from' similar corporations in our own State ; and wemust not forget that, with the best intentions, there is a strong temptation to divide, or appropriate, pre miums received on subsisting policies, as profits actually earned- In case ot default, or contro versy, whether arising from an improper diversion of the funds, or from unavoidable misfortunes, our own laws are inoperative, and it is not ditiicult to foresee cases in which the remedy of widow* and orphans against a remote corporation, beyond our jurisdiction, would be ditiicult and expensive, if not wholly unavailing. It seems just and politie, therefore, ihat companies abroad, desiring to ex ercise the privilege of life insurance in this State, should he tequired to furnish such pledges, and , comply with such regulations, as will ensure the ; prompt performance of the obligations they may ; assume. By the Revised Statutes, (par; 1, title 21.) as I amt nded by an act of 18(7, the agents of all fire j and marine insurance companies in other Slates, j doing business in this State, were required to pay i into the State treasury a tax of two per cent upon the amouut of premiums received. The law re- , quired every such agent to execute a bond to the . Stale, conditioned that he should render an an- j nual account of premiums to the Comptroller, and , pay the tax thereon. The uct of 1849, (chapter 17#,) ( relinquishes the right of the State treasury to the i tax on premiums Tor the fire insurance, and re quirts that the same be paid to the tire depuitrnent , of the city or village where the agent resides; l< aving ihe former law unchanged, so far as it re- I latts to the ihx on marine insurance. A circular i was issued to the several agents of foreign com- 1 psnies in February last, requiring the payment ot this tax. This call was promptly responded to by nanny of the a?ents in li e interior of the State, but nisbtol the laiger agencies in the city of New York refused to pay the tax, on the ground that the law imposing it is unconstitutional. It appears that the imyments have been withheld for years by some of the principal agents, and the treasury has teeu deprived tf from $10,000 to $15,000 per annum, in consequence of this refusal The opin ions of t rninent legal counsel have been presented to the Comptroller, denying the power of the Slate | to im|>ose a tax on the ugents of insurance com- j panies created by other Sute#. The Comptroller i cannot concur iu this view of the subject; and he has deemed it his duty to place one of the largest claims in the hands of the Attorney General. The question involved will soon be decided by the courts. It is respectiully suggested that th<? net be so amended as to withhold certificates of authority : from the agents of foreign insurance companies, j unless proof sha'l be fu:n:shed that the agents of j the company applying have paid the tax as required ! by law. AlCTtON DLTIKS. The atinextd siuu inmt (marked N) present* an account iu detail of the sums rectivsd far auction duties durum the year. T tie gross amount received was $8&,9O0f>9, showing a diminution, us compared wrh the preceding year, of $7,115 77. Vigilant i Hurts have been made to prevent frauds upon (Lin branch of the revenue. Conuwlent agents have been f mployed under the net of 1819, to in vestigate the accounts and proceeding* of the auc tiecetis, a in! the result* have been useful. Several auctioneers in the city of New York have taken the gtound that State law?, imposing auction duties, ,,re uncoratituti nal. Opinions have been mm several distinguished luwyer* to that effect. For the last two year#, u number of auctioneers hiive paid the duties under protect, or with formal nutlets to the Ci-ni itruller and Trraaiiier. lhat ih-y will he held personally liable to lcfund the money, if 'hey place it tu the ury, or allow ii to be nted by the Slate Not <vi>h atsiding these warning* of intended I'tigation, the (?omp'roller hes cenned the payment* to the Treasurer, and the money* have been carried to the tieneral Furd. The Comptroller entertaio# no douM of the con stitutional validity of the law imposing unction du ties ; ?nd il his difre^ard of the various protests served i. poo him, forbidding the payment of the money into the treasury, should involve him in per?ensl sctions, lie will confide in the justice of the State to indemnify Inm from }>ecuniaty hum. STATU iKINO.Nv The receipts and exptriditur-vof the ^Ute prisons are eikibiit d in three *tateaienta (marked * >. P Q) The earning} of he Sing ?ing Prison during the last fiscal year were $&3,.|79 39. The amount drawn from 'he treasury during the same periwl w?.s f4I,5!"7 S9. The gross iiinount of exi?eiidi tures waa $95,828 6ft, of which amount about $ 10, (XX) was epplir d to the erection of sew buddings. A large increase of expenditure was n o.e n-ce? tary by the destructive tire wbuli consumed a valuable portion ot the prison building* The controversy between the ^tate ;k I Oh lun cey t)ml'.k, late apent, has been ti rminn'e I by the d ecu ion of the reterer ?, tu whom it ?a? su >mitt?d. An appropriation of 42.\ooo will be required for the support of this prison for the coming year, includ ing the payment of old indehtrdnea*, consisting chif fly of the haUrce found by the ubriva referees. 1 he Auburn prison coir.inuea to present more favorable resu is The earnings for the year were (hW,7:t7 81; the exp? ndituie* ft71,lW> 07; and the fci'covuti exhibit ? balance on hand at the close of the jearffom the turplus at i'.t commencement, if. 109 01 The amount udvr.need from the treasury for the support of the Olintun prison during the lust fiscal year, w as $21,728 01 The ??ariiii'tt* for the year w?re $I2<I>I95; the exprnsea $|0,:17:1 43. It is t atiuiatt d that an appreciation ot <$25,000 will be required tor i he current ye?r. The ?#eut h.? on hand r.n aecumnlation ot iron ore eq I to tens, * I ich is unavailable at presen'. inrm-vav. tT or Ttt* ferr* w*r*H? or rnit hud son given. By chapter 408, laws of 1M9, <10,000 w?s ap propria tea for improving the upper waters of the Hudson r^ver. Of this amoun'. there ha* been drawn from the tressory the ?um of it* ooo, and th?- Oo nmi??oner* |i!?v e ejprnded j?>. W2 *"2, leaving -.1 "??'7 In of the a ; roj.m'ien une*|?-nd' d. nt whie'i $* immi rem tins in thetresnry, and fl..WT 7rt in the hands of the C< mmii sic iu re 1 he re|<>rt* of l>nniel Stewart and Jacoh I'ar menter, two ot the Commissioner*, are nerrto annen d (marked R. S ) It will be perceived that only a small sum waa expended the Inst re.'non. The high s'a'e of the n\er was iirfavorable to the progress ot the work Much prod hss be< n accomplished bj the expen dituie altennf msfe. The navigatiou, formerly to P? tiloue, has been rn<de comparatively eiey, bv re moving the n>o?t formidable rocks ttom the cfno ne|. ? lets reprtMnted ihat a few th< ><anl dollars more, priq^rly applisd. would enable raf'? and flc'iita to descend the upper waters of the llu-lnm in mfety ai rrin ii'Aito'* rol Till iMnnitMIT or KacKKT ?i vra. Ry i haper 2^7, laws ol i860, JlO.OOO was appro priated lor improving Itaeket r v? r end the tribit!.i> rits thtrerf l)f th?s amonnt $.">,000 has been dta? n ft' m the tre. :rr, and ?t.r^H t I has been e*pend?H, ka*'?>g a hxunc $111 !W m ?h" ha- <ls of the Cnr rr.h iom rs. The attention of the ? (M-latnre i? ins ire ?1 te> ihe ineresiing rep rt of the C< mmtt-eiort rf hereto iini?*ed (m?fked T ) lliabelitved that tins api ropnati^n from the trtamty. f. r the benefit of a aequestered section of the Mate, which hu 1 hitherfnre enjoyed r?i. p ?r? CipMioti is the liberal ex|e,idl'ures anthon/.? d hy the I^ea u re for purpo??* of in'etnitl imi'rove m? ni, will eonfer impor'ent ndvsntages upon the ccuntry p 'jscent to Jtarket riier. ft will contri bute to de\*,lop*! the rr?ottrce? of a wild snd hi'h erto iet < rrssible repmn. The increa.?ed value gi v# n to i he State lands in that >lonity will fully in ?*? ir i. ify the tressuiy. The (Joni|iir< Her nas not rxcrci-ed the power rom'erred by the aet aforesaid to sell at public sale ' I- e Isnffs beW't ging to the State, situated upon or near the riv? r, reii? vmg the i uhlu' interest would bt best con-uhed by withholding thrm from mar ket until the improvement iha.l have bceu com pleted. or t.aNoc ron ta\k*. \n imponan' charne in ihe mnoner of collecting 'axes on non-retid? nt lands, and of selling such Isnrfs fcr srreats of taxes, was made by the act of > pril 10, Ihoo (chapter ) In the Hr?^ insianee, the nnpniil tixea om n< n lttidi nt I' n Is arc return"! by the Coun'y Trea I rarer to the Comptroller, and the amount due thereon (to far as the returns, Ore., are found to be regular) is advanced to the counties Iron the Slate Treasury, ua heretofore. After making the I necessary examination of the returns, lists of the i lots admitted by the Comptroller, showing the amount of tax on each, are prepared at this office, i and forwarded to the respective County Treasu i re is. Owners are permitted to pay the tax at the County or Slate Treasury, at their own option. , The sums received by the County Treasurers are I remitted to the State Treasury quarterly. All mlee of lauds for tcxes returned after the | paa?age of the act are to be nude by the County , T reaaurer in the county where the land is situated. ' The Uxi ? ]&!?? come under the operation of this i law. The first Kale will be mide in the coun<i?-3 on the tir*t Tursduy of December, 1H"2, and tt , timilar sale in to he h?*ld on the suine day in each > year thereafter The Comptroller has prepared and turniched the County Treasurers full and fla- ! borate instructions, forma, &e , calculated. as h? believe*, to ensure accuracy and uniformity in the : execution of th?* In w. He is al?o of ihe opinion that the new t>ys'em will prove conducive to the public convenience and advantageous to the inter ests of tbe treasury, withou'. producing the irreuu lnri'.iea or any of the evib which were apprehended by many, an the result cf a departure from the for mer plan. Under the old system, it was found im practicable to prepare for and hold the salea for taxes, more frequently than once in four or five years. The annual sales provided for by the new law will secure earlier and more regular returns of the advances made from the State Treasury. Another sale, under the provisions of the pre vious law, must be held bv the Comptroller, of non resident lands returned and still remaining in this office for the taxes of 1845, 1846, 1847 and 1848 In preparing theneceasaiy liets and computations for thiB tonal sale, some additional clerical force will be needed, and a moderate appropriation is recommended for such extra service as may be re quired RELIEF TO H'RCUAkERH OF I.ANOS IN ONEIDA RESER VATION The act passed April 6, 1850, "for the relief of certain purchasers of lands in the Oneida reserva tion in 1840 and 1841," made it the duty of the commissioners of the Land Office to cause an in quiry into the pecuniaiy r-ondition and responsibili ty of the purchasers, and a re- appraisal to be made of the value of the several lots, "at the present value of the same, exclusive of the improve meats mare thereon since the sale." This dnty was dis charged by the appointment of Willi.irnJ. Corn well, Orville L Holley and Albert D. Freeman, to appraise the lands and report thereon. A new ap praisement was made by those gentlemen, and subsequently confirmed by the commiaHoners of the Land ( 'ffice. It appears that the lauds were sold at extravagant prices, and most of the pur chasers are unable to pay the original purchase money and interest. The law makes it the duty of the Comptroller to cancel the original obligations and to receive new bonds, according to the new valuation. This operation is now going forward, and will result in a loss to the State of about | f 25 ,000. As the bonds are held for the school fund, and form part of its capital, the deficiency ( when as certained) must be restored, by transferring to th^ fund an equal amount from the revenues of the general fund. For this purpose an appropriation will be required. PROCEEDS OF HALF MUX TAX. The annexed statement (marked W ) shows that the net proceeds of the half mill tax, on the valua tion of real and personal ettate for the year 1849, includ't g the returns of taxes on non resident lands wsi $324,362 59. STAlE TAX ANU VALUATION OF REAL AND PERSONAL ESTATE. The tabular stati ment hereto annexed (marked V), thows the aeseafed valuation id leal and per tonal estate, and the amounts levied for State, | county and town taxes. The counties marked * having failed to forward their returns in time for I this ?i ali ment, the amounts returned from those ft until h for the year 1H19, are adopted. It appear* that the total valuation of teal estate is $571,690,807 00 The ti-tal valuation of (n-rsonal es tate, including capital of hanks nnd other corporations, is 153, 183, ? 486 00 j $721,874,293 00 And th*" amount of corrected aggre gate valuations is 727,1**4,883 00 State t nd county taxes 4,892.051 51 Town taxes 1,120,736 82 Total tax ition $t>,31?,7X7 :E$ The a^grega:e valuation excteiis of the pre vious year, (IMS),) ^>1,613,840. A circular letter (of which a copy is hereto an nexed, marked X ,) nan issued Iroai tl?i? otiice to the (own nstesMirs, expiiiuitory of the manner of ettirimting the capital of associations hiiii uiilividiiHl bunkers, ami inculcating the duty of 8| prai*int> real ami personal property ?? its full val ue, according to the requirements ot the statute. In Miiue localities the asoessors have i*rforined thia duty w nh commendable lirinnese and vi?i lf ace. In the, city and county of N w York, the in i l 1 j k ? nt Hoard <'f Tax Commissioners luve made vigoross and successful efforts lo rcach ill fornu A of personal capital, legally subject to ta\atiou; and in assessing the teul estate they have appraised it at its value, in compliance with the st?.tute. But in many of the counties, the prevalent custom of under valuation is too generally continued. The Comptroller would again repeat hi convic:;on that this evil ten l e r? medied. and a just equality at tained, as hetw?en individual tax pavers, towns and counties, only by an essential nioditi cation of the la wj pret-cribiua the duty of assessors. Pome further provisions of law are required to rt a u late the manner of assessing the capital of in dividual hankers, and to prescribe tbe mode of pro ceeding to enforce the collection of the tax, in cases where it?|*vment is evaded or refused. The ' act of December 4, 1847, (se.uion -I, chapter 41?*, ) , is vattue mid indefinite in this r?g|H.'Ct, and has j given liae to much perplexity, in malice and litiga- I tion. The general provisions of lu-v regul itiag the reeovf i) of taxes egatnst corporations, should he extendi d to the canal of individual bink? rs by ei pre :-a statute ; and nil other remedies filling to se enre the payment of n tax, legally ini|?ose I, it should be made the duty of the Comptroller to pay it fron ihe secruins interest on ? se: unties de posit d ? ith him under the general banking law. The hol> subject of ai-*e*!-ment and taxation is enrnrsly commended to the attention of the Legis late, in the ho|^ that i m hrevia'ons may In- made as will remedy the irregulat ities so universally and justly ('Oiii|ilinned of. All which is r? pectfuily submitted. W a -in ? (j ton Mi nt, Comptroller. ADDITIONAL CALIFORNIA INTELLIGENCE. We make np the < Mowing bird * eye view of California from our exchanges received by the Crescent City:? VI nanass of San Frnnelaro. I Firm tbr 9sn I raocuoo MinU l>a: 1 J The City Comptroller, M r Berry, h ia, preparatory to his official r> , ort, pi Mi bed a table, .-bowing th* amount if Hcrip that h as, at vsrious tune a, beea is sned for city expenses Up to th<* 27th inst there htd been six issi'?-? of scrip, and the whole amount B ven out was J-'W.l.TJT 82 The it^'ots are aa follows: ? Mjrsts.. 490 47 AT Karros 1 ?! ".!?1 01 Conrta It* 143 fit Pol ?e . PI Mil ?* i Bents 1 lift 00 ' i'urvtjlsa * 302 CV faJitries 76 <)t3 T? litspltal M..1V0 19 I Csmctery *oi r i* Prist o 4 *.'9 M . i Mrs Department and Waist I'oad S4 it * CofemiMtsns .'?'*) (10 sxyrases 37.210 Tl ?rrrst > caBmtn"ioi,rt'? oflea. .... ??>< oo Tax OlWntor ? clBea l'>a it . Tre?fur*r s i tti.-s .... 614 SH : Comptroll* r > ? ITiea. 411 M 'it y Mat.*)' ai's oflsa 400 76 Mayer's i Wee. . 1 filft 'W Ass>'. ssr's olll ?-?? 349 2ft l.wrtder s ' fflrs .... 12ft 7> Cc>aiuoa C?aadl. . . l ute is) goptrior 0at.rt lo.l?3 it I* natlng. . . ... . . la,40f ??? Apprepristloa to p?srab r^noras. Tsmioi Appropilatlpn tor I'rocwsfto* .. l it) J Aft k A Kgerton ft ? 10. II' ard ol Health & <s.O lOOlUtO I'ai'tr the h*ad ol connnceut exj.- naea la in ilu led the expense ef "(tiduc ir>g eleciii.os, <he e*. I tin* c.l ih' "lliund*" tiiila, th? arrett ot lleulten Withers, ($3.1 ( 0,) i n<l fit, 200 recovered from the city st. <1am?ges tor teatiug Uowii buildups to (top n iiilHiiraiu on Aibi Utit of ladeliteifiifM Au(u?t .1. llftu. . .ft313 'Jl'9 24 Ann not i.f <xp?adi<nr>s In ia 8t-pleial?t 1 tc Ni.veaikiei 17 1HU 47IH43 43 ?738 Ml Tt Am nnt <^1 scrip r?ilsi toeJ Irem P-ptsiDlwr I to MoveiutH-r S7. 1?i0 921A44S 34 1 Amount ot aeetanta paid ia cai'k. . S9.214 40 IUU1 30 A in' oo' rt lodeb'i Ur,' ?s Not 27 1H..0 fi.Mi !"v ?i lota! ani' iint orrerlp IsmihI lo Nov 27.1360. NM.737 Nt Trial snoutit ol serin T?tie*m*(l to Nov. 27 1?U) 879 331 ft# Anmutit of srrip outstaadlnfi Nor 27,1880 36I4 3A4I 2II The old Ayuntamien'ii left us m debt MlxHitfliN),. (N 0, sro contracts to t oinple:e to the amount of f2?>0,(l 0, mo?i of ? hit h Niii Iieen paid in scrip, Abotit"ftti,(iOU are due in 'sxrs, and a balance of $10,(N<) on wster lots The licenses amount to about $*,(>00 per month. Tbe Assessors estimated the value of the air veyed lands belonidnt,' to the city at $M77,t i)0; and il ia reckoned that the ixers aod iinsurveyed la ids amount to tesily half a iutili<>n. It may b? \u ?tractive, hereafter, to compare the figure* set forth m the Comptroller* report with the term* of th* citjr charter. The bvolM mf GUI*. [ From tk? ftellt N??i. By our marine report of ye?te rdey morning, it appears that the cargo of French girls spoken of sometime ago, are not only on their way here, bat l are probably very near port. The ship was boarded in Rio by the captain of a vessel which arrived here on Wednesday, who endorses the detnuittlUa amongst the most beautiful of the French metro polis of concentrated sin and frivolity. We under stand that the building designed for their reception* which has been for Home time in course of erec tion, ia now nearly ready. There will bo oac house full of frailty ! Tfes Washington JMosmeiit, jFrom ttiB Attn California. Nov. iW ) A movement is on foot in this city, to raise a sub scription to ai<i in the construction of tlie national Washington Monument. This is a capital idea, and the suggestor is entitled lo much praise fur starting the subject. We can almost ensure for it universal approbation, for we believe there is not a man in California who would not, if an opportunity was afforded him, contribute a portion of his "pile ' towards the completion of this long delayed tu tional work California is already represented by a block of quartz rock, but now her inhabitants will have ail opportunity, individually, to add a pile of rocks from their full pockets, which will materially add to its height and grandeur We ex P? ct to we a heap of " dust" in a very short uine, spite of the rainy season. A meeting is to be held, we believe, with reference t? the subject, on Tues day evening next, at the District Court room. Those DtssovnlH or Gold sn4 Quarts. [from lh? Bun Fraucuoo ficajuuB.J There has beea laid on our table, inis morning, a rich specimen of gold- bearing quartz, taken from Burns' diggings, or Ciuanzburtf, about seventy miles from Stockton, on the M- reed river. It is from a vein known as While ami Sherman's Quariz mountain. Within the spice of ten miles square from the location above described, we are told that fourteen veins of similar character have recently been discovered or opened. Toll's Dry Diggings. [From the ttajrainsBto i'ransoript. ] These di^einus are situated sixteen miles north east ci Bidweli's Bar, between the Feather nnd Vuha rivers, among the highland* (kat divid* these two streams. A friend who left there in the early part of the week informs us that some four or five hundred people are preparing to winter in that vicinity. Large numbers of lo a cabins are blready erected, of a superior kind, and the winter can he passed in them much more comfortably than most people live in this city or San Francis co. A ureat portion of the people have been there aome time, and have thrown up lar*e quantities of earth, whi -h will be washed during the coming winter. The gold is very coarse in theae digging?, and the nuuero have found lamps while throwing up the earth, to do much towards paying their ex penses. Some small veins of gold- hearing quarts hsve been discovered in this vicinity, but as yet they have attracted but little attention. Wsw Diggings. Eighty miles above indwell's Bar, on the North Foik of the Pea the! liivt-r, a iinw bar Has lately been discovered, which is commonly called "Rich Bar." *Ve have heard of two German* who took out thirty-five pounds or gold in a single day. Aa Lngliehman found h lump va'ued at over f&K). The miners on lx>n2's Bar and Hid well's liar were much exciied by the uhove and timilai reports, and many wer? h aving daily to wee for themselves. The 8m I 'ork is a very sinull^stream where tins bar has been discovered, and a short distance fur ther on, it hM its *ourcN in the mountains. The gold found there is coarse, retembling that of the dry diggings. The Trlntdatl Diggings. [From the Bsorsiuonto Transcript, Nor. 20 ] There is not a dissatisfied amongst the miners. Tins is certainly of a most cheering char acter, and is decidedly new, as we have frequently met those in the mines who were making an ounce per day, and grumbled because they did not make two To find a perfectly contented man is a rarity in this world of tribulation. It appears that the Shasta, after being located farther north by Salmon creek, has again been moved firther nsrth, and that tributary, then called Shasta, has been named Beaver creek, being al>oui fifteen miles north of Salmon creek All these streams and their nu merous branches carry gold ? rich diggings; but it is too late In the season to prospect, hunt trails, and carry up provisions for the winter. At Uaioa town, a party started, a few days ago, secretlv, for a newly discovered river, called Scott's river, which, the writer inters, must be a feeding stream ot Klamath Lake. The correspondent deems tins es the point where the golden belt crosses ovsr r< m the Sierra Nevada, and spreads to an immense extejt What mineral wealth is concealed hem it ir imjwsihle to say, as yet; but spring will pos sibly tell tales uurivalled before in California. ' Morm DIicot*i)ci of <?nld In Place. |Krom the Sau t'rsDcWoo I' icsjnin* | We huve be?n invited io look at some mig nilic* nt specimen* of gold-bearing <|uartz, iu the possession of Prof Nooney, nt Naglee's building*, taken from a mountain of the Nam- description of uuartz, near Caraon's crn k, on the stanixlaua. The vein from w hich the*#- specim* ns were taken is represented to he of indefinite extent At the l.s f e of the hill through which tin- vein ruaa have bean found. in the I'ebris of the hill, the largest rr?w? of |>ure goid yet discovered 10 Cali fornia. from th?* fragment* of pure gold thrown out hi blasting the rock, it in presumable that, in the proeecutiou ol the excavation* aire* ly in progress, there may b<? discovered aa rich de posit* in the original mntrix as any that have beea detached by natural pr?icessea. Qurtl Discoveries. Kvery day bring-" forth new discoveries of quarts veirs. A mow' id of it has just been discovered, abou' seventy miles al>ovo .Stockton, on the Mer ced river. The vein is aaid to be rich. Political Poa?r of thr Northern Hlrs* [Iron the bsrrano-nto Transcript Nov 'J1 ] The late State eleciou is opening the eyes of tha country to the political power concentrated in the northtrn mines #f California flereiofore, the im pression hua prevailed to some extent abroad, the San Joaquin valley was & rival of the Sacra mento count r) . rnd Mood an eq*al or MfOtN chance in cont|>e?ing with the latter. Stateinenna l ol this kind abound in the papeisfromtl^e Atlautio Stales: and aornetirnea we even see tirticlea in Sail | Francisco paj-rs, enleavoriug to make it a;>pear ! that the San Jotqnin country haa ad vantages anpo rior to those of the great northern valley. A sura teat to determine tins iiueiition, is to lind out whera the people aie The Idle lection drcidea thia l? int, and III remit has surprised t lie paopi* of other parts of the State. We hare heretofore giv? n the figures, to shew ih> i nig fact that about one half of the people now in California re side in the mines adjacent to the S icrameuto river. , lty adding Hp the votes polled in the counties of the Sacramento diMiict, commencing a Saera mettto acd El Iiorado counties, and going north, we find the following result ? Scerawento TOO# Kl I 'orado 2 MM Yuba 4 . MW fuller I W* Yolo |IUT Hutte WXJ Coluai '?0 Shu ate I.jO Now for the San Jospin country Sin Joapiia < nuuty polled I.I.VO; Touoluiline county, 1,700. , The votes at Calaveras and Mariposa we do no* kno*; bur if we set them do? ,1 nt 1,000 apiece, (and thia estimate doubtless exceeds the ac?ut' vote.) we have a total vote in the lower valley of tiJSO? but little risinu one hull the vole of the Sacramento valley, and i.earlv double th.- vote* San Fiancisro, which ?ns:t, i*o. Tit* Caliloral* Rr|tiiitnt, Governor Hurrieu ha* forwarded commisaiana far the follow 1 1, g officers, un.ter command of Maine Kodgeis. From the imh section of acta >u in* subject, says the 7mi*iso i/st, it ap.ieara that the forte in the field is not large enon/h for a lull siatl' of field otficeis, hence the nec" ?ny of a Major in stead ol a Golstael heiPK in command W m Krdger*, a ? Majei of the liatiahon ' alifor? ilia Yolunteet*. r. iij K Stewart, Company A, Captain Tilden Ketd do. I*i L?ittitenant. Hobert C Uetd, its. -d do. J. Austin, do. 3d do. John Milir t, Companv H, Captain. l-.rmund Of -, <to. M l?teutenaat I). L> Mcllvoy, do. 2<l do. John lit h^ on, <lo. * 3d do. L 11 M'tr^on. Campoay C, Captain. J. M lii'hman, do 1st Lieutenant J, H. Ihinn, do. *24 do. Mflantholf iicldmt. | Fr< n> the Alta California, Nov 18.] Mr. W mnatd, (husband of Mre. hirby, tha | talented ectreas,) tret his death on Saturday eve? I ing, under the following eircomstances Mr. j vt jpgsrri was tiding thiongh Stockton street, and wl en opi-osite then?w Hrrsbyterian church, he rode agaiiuta tope leading from a derrick to the j sidewalk The ro|?- struck his head, knocking lutn fir m his hor?e, and ia his fall he received ia jurtes wbick lie aunived but t few houra. Th-re ia to excuse for the individual who rigged i l?o derrick in tuch a manner aa to p*nl life H ? ?? cleitlv a in It y a f manslaughter, and the grand jure a h (ii Id liMik to him Mr. Wingard waa oa- <4 the maras'r* of the Jenny land theatre. Tho death of Mr W will account for the cloain< of the house last tvening. It will remain cls*?<i _< - :*i da} ??

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