The city of San Francisco had sprung up almost overnight. In 1835 a Captain Richardson had landed on the shore of Yerba Buena Cove, and built a hut of four redwood posts, covered by a sail. Five years afterward this village of Yerba Buena contained about fifty people and a dozen houses. In 1846 the American war-ship _Portsmouth_ anchored there, and her captain raised the "Stars and Stripes" on the Plaza. At that time there were not more than fifty houses and two hundred people. When the town became American the Plaza was renamed Portsmouth Square, and a year later the settlement was christened San Francisco. That was in January, 1847; and by midsummer of 1849 the town had become a city. It was an odd place to look at. The houses were made of rough unpainted boards, with cotton nailed across the walls and ceiling in place of plaster; and many a thriving business was carried on in canvas tents. There were few homes. The city was crowded; but most of the population did not intend to stay. They came to buy what they needed, or sell what they brought with them, and then hasten away to the mines. So many eager strangers naturally drove the prices up enormously, especially when it seemed as though gold could be had for the taking. The restaurants charged three dollars for a cup of coffee, a slice of ham, and two eggs. Houses and lots sold for from ten thousand to seventy-five thousand dollars each, and everything else was in proportion. What happened in San Francisco also happened in many other California towns. Sacramento was the result of the gold-craze. Speculators bought large tracts of land in any attractive place, gave it a high-sounding name, and sold city lots. Many of these so-called cities, however, shriveled up within a year or two. The seaports flourished because they were the gateways through which the newcomers passed in their rush to locate in the gold country. These seaports became the goal of merchants everywhere. Necessary articles were so scarce that they were shipped long distances. Flour was brought from Australia and Chili, rice and sugar from China, and the cities along the Atlantic provided the dry-goods, the tools, and the furniture. At one time a cotton shirt would sell for forty dollars, a tin pan for nine, and a candle for three. But on the other hand cargoes of goods that were not needed, silks and satins, costly house-furnishings, were left on the beaches and finally sold for a song.