A great emporium will doubtless speedily arise on the Californian coast
which may be destined to rival in importance New Orleans itself. The
depot of the vast commerce which must exist on the Pacific will probably
be at some point on the Bay of San Francisco, and will occupy the same
relation to the whole western coast of that ocean as New Orleans does to
the valley of the Mississippi and the Gulf of Mexico. To this depot our
numerous whale ships will resort with their cargoes to trade, refit,
and obtain supplies. This of itself will largely contribute to build
up a city, which would soon become the center of a great and rapidly
increasing commerce. Situated on a safe harbor, sufficiently capacious
for all the navies as well as the marine of the world, and convenient to
excellent timber for shipbuilding, owned by the United States, it must
become our great Western naval depot.
It was known that mines of the precious metals existed to a considerable
extent in California at the time of its acquisition. Recent discoveries
render it probable that these mines are more extensive and valuable than
was anticipated.
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