The Nevada Democrat., 1857-06-17
mhe uTNnil rimea. ;,

Every community has ts croaAers' Ane
minds Of some people are so peculiarly consti-
tuted that they invariably view every thing on
the dark side. aud perversely shut their eyes to
the light. with them something is always
wrong, and the evils Of the present are nothing
in comparison with what may be expected in
the future. II they happen to be little ''hard
up'' themselves, they imagine every one else in
the same fix, and the "stringency Of the money
market, becomes fruitful theme for the dis
play Of wisdom.
For the past FIVE or six years, there has
scarcely been time that some one was not
eroaking about the "dull tmes;' yet during
this whole period the business men among us
have been doing we'll and hundreds have made
fortunes and left At present too many are
engaged in the mercantile business. and while
such 10 the case, it cannot be expected that all
will make as heavy sales as they could wish, or
that their profits will be commensurate with the
amount of capital which they have invested.
The more unlucky ones are apt to attribute
their want Of success to the dullness Of the
times of 40 and 80 are gone. and we may new
err again expect to witness that recklessness in
the exp nditure Of money 80 common In those
years; but in all the elements Of substantial
prosperity there has been steady improve
ment and we can see no reason for INDUCING
in gloomy authorizations for the future
The accumulation of wealth in the mines has
been slow, In consequence Of the transitory
character of the Inhabitants, but with settled
population, who were attached to the soil, the
increase would be rapid beyond precedent. All
that Is needed to make the mining sections OF
California the most prosperous and wealthy
country in the world, is all Industrious and per-
manent population. II only one-tenth of the
profits Of the mines of Nevada county could be
retained and used among u.s. there would be no
lack of capital to develope the resources Of the
county, and carry on all legitimate branches
of business. The hill diggings Of the county
are sufficient to give profitable employment to
a much larger population than we have at pres
ent, and thus far there are no indications oil
their giving ont. Quartz mining is still in III
infancy. and little is yet known in regard tc
the number and extent of the gold-bearne
veins. Rich veins arc being discovered almost
daily, and people are gradually becoming salts
fed that quartz mining will eventually become
the principal business of the country.
Many Of the evils now complained Of. are in
cdent to all new countries, and will in time
regulate themselves without the aid of artificial
specifics Arguments have been put forward
advocating the establishment of a system oil
banking similar to that Of New York and other
States, as q remedy for dull times. It is quite
useless to enumerate the evils which would re-
suit from the introduction of paper currency
into our State The Constitution Of the State
prohibits individuals or companies from Issuing
paper bills to circulate as money, and the peo-
ple will never suffer that clause Of the Consti
tuition to be abrogated. They have become sc
welded to hard-money currency that they
are not going to allow the substitution of bank
bills In its stead. The introduction Of paper
currency might create for time an artificial
stimulus to business, but it would bring no cap
ital into the country, and what gold and silver
we have in circulation would either be boarded
or sent off. In old settled countries, where
property is secure, and the population settled
it may be possible that such restrictions can b.
placed upon banks as will protect the bill hold
ers from loss; but in new country like Cali
fornia, we doubt very much whether o system
Of bank ng can be devised that will not leave
some loop-hole by which sharpers will be ena.
bled to swindle the community.