The Nevada journal., 1853-11-04
Topics of the day.

EYorY great commercial community has from
time to time occasion to complain OF hard times
and ours is not an exception. We are the
victims of over-trading. Three hundred thou
sand people cannot be forcsd to eat the food
sufficient for million neither can one man,
though he is Californian, wear four pair OF
boots at time, or destroy more than limited
amount Of manufactured products As our
friends at the east, however, seem to regard our
capacity to destroy as equivalent to that Of a.
bout ten natives of any other country, they have
supplied US on the most magnificent scale. and,
in consequence. everybody is full, and still our
warehouses groan under their stores OF goods
Whether they are sold or not, the freight mo-
neY, averaging about one million dollars per
month, has to be withdrawn from our business
here and transmitted to the east. This state Of
things must continue just as long as we contin-
ue dependent upon less favored countries for all
we consume. The remedy is, to increase our
productions. We send out of the state annu-
ally upwards Of four millions dollars to pay for
-four. California can produce every pound we
need, fresh and pure, and thereby retain these
four millions among our farmers and millers, to
be expended in improving the country and fur
ther increasing the production. Another in
stance Of our short sightedness is the lack Of pa
per mills on this coast. There are nearly fifty
newspapers in this state, Oregon and the Sand
wch Islands, besides q multitude of job Offices
consuming a large amount of paper, and yet
there is not a mill in the country to supply
them. The manufacturer would have the ben
eft OF heavy protective tariff, IN the shape OF
the freight, insurance, commission, &c. upon
the imported article, and an ample market for
oil he could produce and yet we are left de-
pendent upon the east. The fact is, there are
-. IN 10
tion Our pursuits arc not sufficiently varied.
Because some have met with great success in
trading, new comers think oil must do as well,
and Immediately commence a competition,
which so divides the profits that but few can
pull through unscatned. There are hundreds
Of enterprises In this state as yet untouched,
which offer far better chances OF success than
merchandising. We want more producers
and man Of energy and intelligence will be al
most sure of remuneration here, no matter what
he undertakes to produce. By producers we
mean as we'll those who make any of our natu-
raj products available to exclude the foreign ar
ticle, as those who manufacture from the raw
material. Our ice companies are an ilustra-
ton of this Enterprising men, who have had
the intelligence to look beyond the unvarying
routine of business pursuits usual here, have re-
allied handsomely BY supplying the mining
towns with this Indispensable article from the
mountains, or by importing it from the cold
regions lust north of u.s. There is another en-
terprise which is destined before long to save
the state millions Of dollars per annum. We
RI fer to the discovery and opening of coal mines
in our vicinity. There are now twenty ocean
steamers, and some forty river boats in Cali
fornia aud Oregon, consuming an immense a
mount of coal annually, ell of which has to be
imported distance of sixteen or eighteen thou
sand miles at great expense A large amount
Of money is drawn out of the state to pay for
this, to the impoverishment of our community
and the profit Of foreigners. good coal mine
here would be worth score Of gold mines
Recent discoveries have shown that there is
coal of good quality upon our coast, and it only
requires capital and enterprise to make 1t avail
able. The existence of large ped of coal
within twenty miles OF Puget Sound, has been
known for nearly two years. Another deposit
has been found on Columbia river, and very re-
Gently an immense bed of excellent quality has
been discovered on Goose Bay, accessible to
vessels of suitable capacity. Still other mines
Of superior quality have been discovered in the
foot hills of the Sierra, in Butte county, about
ifty miles from Narysville. The time must
come when these mines will be made to yield
their hidden treasures, and thus give employ
nlent to thousands OF our own c,,,zens so,, .ton
the dram OF millions OF dollars into the pockets
Of foreiguers.--Herald, 29h.