The smallest of our southern colonies except Tasmania,—one-fourth the size of New South Wales, one-eighth of Queensland, one-twelfth of West Australia, one-fifteenth of South Australia,—Victoria is the wealthiest of the Australian nations, and, India alone excepted, has the largest trade of any of the dependencies of Great Britain.

When Mr. Fawkner's party landed in 1835 upon the Yarra banks, mooring their boat to the forest trees, they formed a settlement upon a grassy hill behind a marsh, and began to pasture sheep where Melbourne, the capital, now stands. In twenty years, Melbourne became the largest city but one in the southern hemisphere, having 150,000 people within her limits or those of the suburban towns. Victoria has grander public buildings in her capital, larger and more costly railroads, a greater income, and a heavier debt than any other colony, and she pays to her Governor 10,000l. a year, or one-fourth more than even New South Wales.

When looked into, all this success means gold. There is industry, there is energy, there is talent, there is generosity and public spirit, but they are the abilities and virtues that gold will bring, in bringing a rush from all the world of dashing fellows in the prime of life. The progress of Melbourne is that of San Francisco; it is the success of Hokitika on a larger scale, and refined and steadied by having lasted through some years—the triumph of a population which has hitherto consisted chiefly of adult males.