Weekly Trinity journal., 1857-06-06
Investments in Mining bitches.

the richness of the mines, and the fine advantages
and facilities offered to capitalists to make good
Investments is why the millions Of capital that
lie pent up in the vaults of the great commercial
emporium, San francisco, should remain there
stale and useless, while the inviting and proita-
bic enterprises to be found in constructing min
ing bitches, lie dormant also for the want of mon
ey, at reasonable rates Of interest, to complete
and put them into successful operation.
The failure Of the San Francisco capitalist to
bring his money TO the interior and embrace these
splendid and unequalled advantages to invest the
same, cannot arise from negligence on the part
OF the capitalist, because capital in the hands of
opposite parties becomes the most active compel
tor and busy explorer. 1t cannot arise from ig-
norance or stupidity nor can it be that the capi
talist becomes afraid TO invest his money in min
ing bitches, when the question of title, and mat
ter of security, as far as mining bitches and ditch
companies are concerned, stands settled by recent
decisions Of the Supreme Court.
Water companies have. in accordance with the
Statutes of the State and under the wise decis-
ions of the Supreme Court, the best guarantee
! anu pIOtCCtOu LOT tntlt rights.
To what cause then is this want of financial ac-
iivity to be attributed? We answer, to the infiu-
ence Of the press, and the conflicting statements
made every day in the face of a money -loaning
community in the large cities, in reference to the
doubtful character and brittle security which wa
ter bitches offer to capitalists, is this inactivity
attributable.
! The press Of San Francisco, from matters of
/ policy, have long INDUCED in the habit of ex-
pressing doubt and apprehension as to the profit
arising from investments in mining bitches. The
result has been to keep capitalists in whose minds
such alarms and doubts were raised, from making
the proper investigation themselves All the loud
predictions of the press Of San Francisco about
the prosperity Of the country were chiefly confn-
cd TO the city of the sand hills" and the ex-
tension, rise and Importance Of real estate in that
depot Of universal title.
The influence Of the press Of San Francisco
has been mainly used to concentrate the whole
capital brought from abroad, in that city. and
E--p II undergoing rapid succession of chang
cs in real estate speculations. How well these
enormous investments and heavy speculations
turned out, may best be learned from the thou.
sand and one volumes Of records kept in the va
rious courts of litigation. So great was the rage
and fury TO invest money in real estate in San
Francisco, that some Of the cool and clear-head-
ed capitalists from abroad allowed themselves to
be carried of on the wings of excitement in their
spccnlations, until they would find themselves
dropped on some precipice from which their re-
lease was made the ransom Of their ruin
All this time the great staple interests of the
State were allowed to drag on, with the exccp-
tion Of brief period which will ever be re-
membercd in the history of California, when mad
specUlations and visionary schemes were attempt
cd to be carried out in opening quartz lo!e, and
constructing bitches. Capital was entrusted in
the hands Of men who had the mere nerve, with
out the slightest practical judgment or knowl-
edge of the business into which they embarked.
They pursued their operations upon the "hit or
miss-here goes" principle Ignorance and cx-
travagance was the chief feature of their plans
and system. The men who thus succeeded In oh
tanning capital felt that they had everything to
make if they succeeded in their enterprises, and
nothing TO lose if they failed. 1t was TINS that
a combination of influences were brought to
bear upon capitalists by class of men who de-
termined 10 take the desperate chances with 9th
er peoples money, to recuperate their own cir
cumstanccs and fortune.
While empty heads and generous hands were
thus employed in scattering the mint drops over
the face of the country it might have been con-
sidercd, and with great propriety, too, the flush
times of California. Soon however, change
was experienced which placed the valuation of
such speculations in the opposite extremes. To
talk then with capitalists about quartz mines or
mining bitches, and the splendid investments 10
be made in'water bitches under proper manage
ment. was only to drive them into an afiiliation
, with the pining hope that was filing the vacuum
. which their failures had created in their money
bags Confidence was destroyed, and until re-
| Gently there has been no signs of its return
f The press of California were constantly teeminc
with the uncertainty and intrigue of the law,
and the scandal and moral degradation Of the
people of California.
The leading journals in the Eastern States and
EUROPE COpICu the ledliul tCCOuItSj uuu CuullOitu
capitalists from investing a country that ap-
pcared to be solely governed by sort of moboc-
racy. The truth Of the above all must admit. and
the effects brought about by this state of things
all must regret.
Poor California was looked upon as the gor-
geous malstrom that swallowed up the substance
and honor of every man who approached it, and
the generous and enterprsing masses made to
shoulder an odum they idd not merit. If an en-
lghtcned and powerful press would turn their
talent and influence to the development of the
solid interests of the State, and keep watchful
eye on the increasing advantages for profitable
investments in the interior, this lost confidence
would soon be restored, and sensible men and
heavy capitalists would soon turn their attention
10 the field of profitable speculation in the min