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election, arrived at San Francisco 22d. The news was received by telegraph on the 21st. It produced a marked sensation in political circles, rendering the Republicans exceedingly jubilant, whilst the friends of the other candidates despair. The Republicans are now putting forth great efforts to carry the State. A bet was made yesterday of $2,000 to $3,000 that Lincoln would carry California, and another of $3,000 against $3,000 that Lincoln will get more votes than Breckinridge. Senator Baker, from Oregon, has been greeted with immense crowds since entering upon campaign duty in this State. A new canvass of the probable condition of the next Legislature elicits the fact that seventeen Senators hold over from last year, and will be members of the next Senate. Of these, eleven support Douglas, four Breckinridge and two Lincoln. It is thought impossible for Senator Gwin to secure enough new members to the Legislature, under these circumstances, to gain even a reasonable c