Large Accumulation Of Gold In California

capturo by privateers while in transit i'rom Aspinwall, parties in San Francisco are not hipping gold to the Atlantic pide asliborally as formerly. Gold i, for tbis reason, in large aecutnuhitions in California. There are estimatod to be at least threo raillions more in San Francisco alone at this time than was evor accuniulated there at one time before. One of the journals of that city, in coinmenting on tliis state oi things, says: "If it continuos íor three months we can rtjoice in an era oí'low rates of interest, manufactories will spring iip, and public itnprovements be pusherl íorward with an energy unparalleled."