New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1850-10-21

The Afchig0h ELp0S''0f Luna"
49,, lettar from a digger, who seems 10 nav"
.,r,ck good streak, and to view 'iiinss ACCORD.
ingty ne STOCKTON. Aag. L. 1850,
NJ, RRorHFR: have now been,
-, know. one entire wear in California leX-
,,ected when lett home, TO have secured nv Pl.e
nd return, by this time, but tie t-tth = tllouEh
this IS a golden country, tie gold l;sell IS not 80
easily Obtained As was once led to heileFe. 7t;ll
have not much reason to complain nave doA+
pretty well-better than maryland now th9k
may return IN year from this date tuou1h rs
OF course uncertain, and depends upon !ntufe en-
cumstanceS This. however. yois may rely upon.
came here to make 4 fortune, and shall never
return until receive it.
received your letter Of the 10Th AErli' "hieH
is tb,. last one. have received, and was @ratled
10 hear from home and that all our trends "ere
well: and in reply Your inquiries as 20 iilg IN. ii
bor .[c necessary to dig and wash the gold, VIII
eat * as severe as it has been rcpresehteu -
Won. found it extremely hard when irsc com
meuced but my health has uniformly pee,l ~
and by practice have been INJURED 10 ha'd WI
as wen as hard fare many, however, h'4H ~ w
hard for their strength and constitutions ana alo
obliged to abandon the business; and many more
are not successful IN obtaining Sood piacar99 i'
coginp and make little or no money. i"eSI
nersous become Disguised and sPleeny' "HI run
ont against ANYTHING, and everytlhh3 anu a. I1
body the cUuIltl ill., 90 >
tbeir i'll luck and desponding feelings. 1t Is, sure
~ p Great disappointment to come al! TINS way
70 make money suffering everything on the voy-
ooe and in this country, and then to tai III Their
object.
But the old way of digging for gold IN the dry
and wet dgginGs will soon be done away WIN
The true wav is to organize ioint stock comPa
MES, and get up machinery IN places where quartz
aboulds and is rich, and where fuel can be OBJ
tanned for making steam, or where there IS water
uouer But the thing is to find these advantages
combined in one locality.
Young Thompson, with whom you are ac4"aihI-
cd is now here with me. We have got place on
tbe Sontb Fork which we think will answer our
17lruosa the quartz is not what is IN tins country
considered rich but il would ut nome be thought
sn ,Tha suecinlins which have been opened pro
ducc only about 14s of gold TO the pound W.
can get wood by hauling 1t four intestine, tau
nine trees and III great abundance. We are now
trving to get up II Joint stock company, and ii we
succeed shall perhaps remain here several years
This is the only true WaY-and the attention OF the
more intelligent portion OF the miners IS beng d-
rectcd to it, There will soon be many companies
of this kind. Some persons have been out pros
pecting latelv to find situations for machinery
but were not successful in finding any which were
not preoccuped, and when they return you ought
to hear them blow up California her gold her
quartz her everything, Just because they We're
little TOO late-or rather because somcEthcrs were
too early for them.
There is one company on the Middle Fork
called the Rocky Bar Mining Company, which IS
SAID TO be promising 1t was organized last year.
but they have not yet got their machinery up
though have since learned that the President
of ii has gone or is soon to 90, to New Ork 10
get it, They have probably good a spot rs
any in California; they have good water power
and an abundance OF very rich quartz. 1t is
thought that when they get their machinery up
they will get out an immense amount OF gold
But such chances as theirs are not easily found
nowadays they were indeed fortunate IN scctr
ng il last wear Their stock is all taken up bat
| understand they have increased their number
Of shares and Will not sell them III this country
but intend to offer them in the States for sale.
must say that don't their object III this
there is no doubt they would all sell here aud at
a premium rate They are expending 4 great
deal Of labor in improving their water power and
getting the foundation for their machinery was
there about three weeks ago and 1t really looked
like business. If 7. and | can succeed i'll our
COMPANY, think can make a vast deal, and IN
few wears, after they begin to work with ma.
cllmerV YOU will receive more gold in the Allan
tie states IN month than you nov do III Il year
That is the true way, depend upon 1t. / advise
vou to pay no sort OF attention to the letters pub
Eshed or written by the scores OF disappointed
plumhlCrs-they must vent thcu spleen, even at
tile expense of truth, and assure you that there
has been no eXaggcration as to the gold in this
country. Gold was never found plentifully,
not even in the days of Solomon-the mountains
are strcakcd with rich VEINS Of quartz of enor-
nous size, and all the gold i'll the wet and dry
diacings has come from this quarts-there IS no
mistake about this-thc quartz IS the source OF
the whole-and good machinery with good water
power, viii produce III some locations enormous
reveuucs-and the stock in good companies Will,
from year to Year. rise ia value
You may expect to hear Of failures among the
business men here and at san Francisco and the
sooner they are, the better