History of the State of California (Classic Reprint)

Tiie occupation of California by the people of the United States, and the discovery of its rich gold mines, form a new era in the history of the world. According to present appearances, these events forebode a complete revolution in monetary and commercial affairs. The receipts of gold from California have already produced a sensible effect on the financial affairs of our country; and far-seeing people predict an entirely new state of things with respect to the relative value of money and property. Still more important effects are anticipated rom the establishment of a new, rich, and enterprising State of the American Union on the shores of the Pacific. Railroads across the continent will soon transport the rich products of Eastern A sia, by a quick transit, to the Atlantic cities and to Europe; and a passage to China or I ndia, which was formerly a serious undertaking, will become a pleasant excursion.
(Typographical errors above are due to OCR software and don't occur in the book.)

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