The Nevada journal., 1854-02-17
Hard Times

|
capitalists OF San Francisco, and those acting
under their influence, did not hesitate to say
the mining region of California was a burthen
to the State-that we depended for all our sub
sistence upon them--cur capital for the con-
struction Of water works--for mining opera
tions-- our commercial, interests, &c In fact
that we were but hangers on to the prosperous
and hourishing city at the Bay, without which
we must soon starye, or shift ourselves to sonc
more favorable norton of the globe AS an
auxiliary to the great interests of California,
we never doubted the beneficial results of our
great commercial emporium. But that it was
q selfsustaining, self-moying machine, drawing
all its greatness from itself intrinsically, we
never had any reason to believe. Let the mi
ners, even for few months, be cut off from
their usual resources, by lack OF water or other
cause, and there is no end to the complaints
heralded forth Of hard times no money, and
| general stagnation of business. u .i ss.-.o
But the fairest acknowledgement of this de-
pendence re have met with, is in the Chronicle
of the llth. We transfer most of the article to
our columns, believing that it takes com mon
sense view of the matter } lJ s5
Notwithstanding the losses mentioned. more
wealth has been produced in our mines with q
smaller expenditure of capital than the history
OF the world will show of any or all other in
dustrlal or commercial operations. This fact
of itself is sufficient to prove that labor has been
directed in the right channel in this state, the
arguments OF certain journals to the contrary.
nevertheless. And the events of every day
convince US that capital must and will be en-
| ployed to develop our mineral resources more
fully. The very fact that most men when they
go to work in the mines have not sufficient mo-
lney to subsist on for month, is proof positive
that they take no advantage of circumstances !:
but must, on the contrary, continue to work in
merely surface diggings.
! Unless mining is carried on, business of all
kinds comes to a dead stand still. OF this we
have had pretty conclusive evidence lately and
the cause is on every ones lips. But just men
ton to businessman the project of a good in
yestment that can be made in mining opera
ton, and he will give significant shake of the
head, as much as to say q understand all
about mining, and can't be taken in easily
Such state of things is remarkable and pc
| AZ ouNSSSo Va ChCiy hluU vi business
in California depends upon its mineral wealth,
and yet hardly a dollar is invested in the actual
working of the mines. Brick palaces are
springing up as if by magic enormous rents
are asked and expected for them, and where is
the money to come from to foot the bills The
mines. And who is to produce their hidden
wealth? Poor, laboring men, who can hardly
raise money enough to buy pair of water-
proof boots. .re -e f5.' hgmse 80
Once this mode of mining answered very
we'll; but the rich surface-diggings that were
I plenty in 1S49- 80 have been worked too much
4 to be as productive as formerly. Capitol is
now wanted for tunneling, damming and fun
ing, and unless ne miss our guess, it will be
gladly furnished, too by business men ere long.
Millions of dollars have been realized in this
State from the rise Of property consequent on
the enormous yield of our gold fields, and it
would be singular if among all the wealth thus
accumulated, sufficient money could not be
found to deyelope that which will not come
forth without the bidding Of capital. IT,,