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Later from California--Unprecedented Freshets--Gen. Shields Accepts the appointment of Brigadier General.

San Francisco, Dec. 10.
--During the past four days the heaviest rains experienced for years prevailed here, causing a severe freshet in the valleys. The river broke through the levee and flooded Sacramento from one to four feet deep. This morning the people were driven to the second story of their houses, and all business is suspended.

The freshet from the recent heavy rains extend throughout the valley portions of the State, doing immense damage to the property of farmers, drowning their stock, carrying off bridges, fences, &c. Part of Maysville and Stockton, as well as Sacramento were inundated. The entire number of lives lost is not known. Several brick buildings had fallen at Maysville.

The loss of property at Sacramento is estimated at half a million. Entire communication with many districts was cut off, and business suspended.

The weather for the past two days has been pleasant and apparently settled. The waters are consequently receding gradually.

The funeral of Gen. Baker is engrossing general attention at San Francisco to-day. --The volunteer force and State military, and civic organizations, with the citizens generally, participated, making the largest procession ever witnessed here.

About $20,000 have been subscribed for the relief of the sufferers by the Sacramento flood. The water has been from two to twelve feet deep in almost every house in that city. Over one-third of the city was overflowed. The water, however, at last accounts, was receding.

Gen. Shields has accepted the appointment of Brigadier General, and is on his way to Washington in the steamer Golden Age.--The steamer has $460,000 in treasure for New York.

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