Weekly Trinity journal., 1857-07-18
The Growth of Excitement.

10 illustrate the folly and evil effects of the
growth Of a country under excitement, than is to
be found in California 1t may be said with
fair show of truth that the first five years after
the discovery of the gold mines was period of
intense excitement in the growth and settlement
of our new State Almost every undertaking was
based upon some extravagant fancy or visionary
scheme induced and called forth by the COM
mon excitement of the times. Men only looked
TO the completion of their enterprise as an op-
portune moment for speculation, and in hundreds
of cases the completion of enterprises were not
required in order to make marketable stock for
speculation.
All species of property seemed to be without
settled standard of value. Even gold dust
varied in its value per ounce. Nothing has held
sdcb an uniform rate and standard as the wages
paid to hired labor in the mines Since the
spring of 1854, almost every kind of property has
undergone changes which have lessened the val
uc from the cstiraate put upon the same by the
ori ginal cost.
Although at times since 81, there have been
in certain localities, wonderful progress and de-
velopments, in the permanent growth and pros
perity of the place and people, yet It may be
said that business as general thing. of every
character, has been gradually running down, or
rather settling down upon a more rational and
permanent bases.
When We come 10 reflect upon the causes of
those changes we are led to believe that one of
the most prominent causes of the reaction which
has taken ulacn is Tho fact of tho countrv ho;n,,
overstocked with non-producing or men without
money, who will resort 10 anything in the world
in the way Of speculation or chance, before they
will apply themselves TO honest labor 1t NAV
sound very strangely, although it is nevertheless
true, that California in proportion to her popula
tion, has more idle men, or gentlemen, who stand
above physical labor or even respectable mental
labor, than any State in the Union. The various
degrees of embarrassment experienced by this
general lecching system, or the evils to be OBJ
served arising out OF this inundation Of droncs,
may be plainly seen in the different mining and
commercial localities in the State. We meet
business men every day who shake their heads
and exclaim, " tell you thing. have refrigerated
very fast in the chances to make money within
the last few years. Those same men seem to
be unable to solve the problem of its true cause
except through the experience of actual pecuiary
loss.
The mere growth under excitement is always
Of that character which can only have its icti-
cious value and vitality, while the excitement
that gave it an existance, lasts. We see places
TO day in many portions of California, which
rpuph iwpo ,rif -
must in few years fall 10 a very obscure Lowell
and the reason for such change and depreciation
must be plain and obvious to every one who feels
disposed to examine the cause, and view the mat
ter in its proper light How those places
that are situated in localities that have neither
the position for commerce nor the advantages of
agricultural resources and merely depending
upon the product Of the mines during the wet
season, keep from fuctuatns and experiencing
deprcssong periodically?
If we trace the history OF the rise and growth
Of one-half the mining towns in the State, we
shall find that excitement characterized the build
ing and settlement of them to great extent
The founders Of many, very many Of the promi-
nent towns in the interior. had only one absorb
lation out Of the excitement which would natur-
ally follow the location of a town.
Every artificial means was brought to bear to
Keep alive the excitement until the first owners
got it out of their hands at big profit, aud SO
on until the whole town property in many places
haze passed through series Of changes and left
it an oppressive burden on the hands of its last
purchasers. We see the truth Of this, and we are
led to feel the evil effects of this false growth Of
mining towns under excitement every day.
1t is false notions Of economy that prompt men
to act. aud make heavy expenditures under the
breath Of excitement The quicker all kinds Of
real estate finds its rational standard of value;
the better, and until that period arrives, there
can be no healthy or permanent growth, or gene
raj prosperity Of the people, who become the
owners and residents Of these places.
We can see no good reason for keeping up this
state of things, or why it is that property hold
crs consider Ito their own advantage to struggle
so hard to keep up this ruinous system of prop
erty speculation. 1t is one of the main causes
that keeps the maeses Of California on the run.
and finally embarrasses that class Of permanent
CitLcnS Apo ihdAe al' l"ell lnV'0b V"""l"0 S'S"i
ing permanent home, and who have as gene
raj thing all the taxes TO pay, TO dcfray the ex-
penses of government The growth and prospe-
rity which spring merely from excitement is of
short duration.
MINING NEws.-We learn that Knapp Co.. at
Fillibuster Flat, place on the Trinity, short
distance below Redding's Bar, have discovered
diggings in the first bench which pays one cent to
the pan the surface, the bed rock pitching
back and the pay increasing as they go down.
Striking the bed rock at the depth OF twenty three
feet, they get five cents 10 the pan, and the chan
mel not yet reached. A ditch runs at the foot of
I,o olnfrn from ,,hinh t,n,, iii ,,r1n.,.o -.