The flying year has brought the ablest and most daring moral refugees of the world to these shores, as well as steady reinforcements of worthy settlers. Pouring over the Sierras, and dragging across the deserts, the home builders are spreading in the interior. The now regulated business circles, extending with wonderful elasticity, attract home and foreign pilgrims of character. Though the Aspasias of Paris, New Orleans, and Australia throng in; though New York sends its worthless womanhood in floods, there are even now worthy home circles by the Golden Gate. Church, school, and family begin to build upon solid foundations. All the government bureaus are in working order. The Custom House is already known as the "Virginia Poor House." The Post-Office and all Federal places teem with the ardent, haughty, and able ultra Democrats of the sunny South. The victory of the Convention bids fair to be effaced in the high-handed control of the State by Southern men. As the rain falleth on the just and unjust, so does the tide of prosperity enrich both good and bad. Vice, quickly nourished, flaunts its early flowers. The slower growth of virtue is yet to give golden harvest of gathered sheaves in thousands of homes yet to be in the Golden State. Long after the maddened wantons and noisy adventurers have gone the way of all "light flesh and corrupt blood," the homes will stand. Sailing vessels stream in from the ports of the world. On the narrow water-front, Greek and Lascar, Chinaman and Maltese, Italian and Swede, Russian and Spaniard, Chileno and Portuguese jostle the men of the East, South, and the old country. Fiery French, steady German, and hot-headed Irish are all here, members of the new empire by the golden baptism of the time. Knife and revolver, billy and slung-shot, dirk and poniard, decide the ARGUMENTUM AD HOMINEM. In the enjoyment of fraternal relations with the leaders of the dominant party East, Philip Hardin becomes a trusted counsellor of the leading officials. He sees the forum of justice opened in the name of Union and State. He ministers at the altars of the Law. He gains, daily, renown and riches in his able conduct of affairs. Hardin's revenue rises. He despises one of the State judgeships easily at his hand. As his star mounts, his young neophyte, Maxime Valois, shares his toils and enjoys his training. Under his guidance he launches out on the sea of that professional legal activity, which is one continued storm of contention. Valois has trusted none of the mushroom banks. He keeps his gold with the Padres. He makes a number of judicious purchases of blocks and lots in the city, now growing into stable brick, stone, and even iron. CHAPTER VII. THE QUEEN OF THE EL DORADO.--GUILTY BONDS. In the dreary winter of 1850-51, there are luxurious resting places for the crowds driven at night from the narrow plank sidewalks of the Bay City. Rain torrents make the great saloons and gambling houses the only available shelter.