Weekly Trinity journal., 1857-12-05
[From the San Francisco Herald
Unemployed Capital.

The manner and means for the safe investment
Of capital in California has become of late more
than ever before, the serious consideration of
monied men. AT no period since the discovery
of the gold mines has there been such an album
dance of unemployed capital as at the present
time, The crisis in the east must result in good
TO California, and tend to re-establish confidence
In the minds of our capitalists in the superiority
OF California securities There is not sufficient
demand in the San Francisco market to employ
one half the amount of capital now lying dromant
In the hands of the owners, or the agents who
control it, upon good real estate security. Hence
it is that capitalists must soon seek those safe
channels in the interior for the profitable and
permanent investment Of their money. In former
years, capitalists and the agents who controlled
the capital OF the country, poured out their mo-
ney by the hundreds of thousands upon the i'm
pulse of the moment. and on the mere fictitious
representations of jobbng and contracting spec
ulators. The consequences of such course was
easy to fOresee. No good results ever yet eme-
mated from heated and reckless speculation
The thOughtless and imprudent manner in which
our capitalists at home and abroad invested their
money in quartz and mining bitches was. and in
fact could alone be capable of producing the re-
suits which it did 1t was natural enough to ex-
pect what folowed-a succession of losses and
failures The paying condition of quartz and
mining bitches at present thrOu ghout the State,
we are happy TO observe. is fast restoring the con-
idence so foolishly lost for so long time.
One thing more than all Others has tended to
bring about these successful results in the quartz
and ditching operations and that is the fact that
quartz and bitches are now principally in the
hands of the real owners who are practical work
ing men, instead of being in the hands of inter-
vening spectators. The gradual eXtinguish-
ment of the natural facilities for working the
gold mines, has very materially increased the
value of water bitches. and given them an i'm
nd ichO ct M
or later, the attention of our capitalists.
If anything more is requisite to show the profit
and Importance of this character Of enterprise, it
is only necessary to add that, from the 900
extracted from the gold mines of California an
nually, $40, 600 900 is made the product through
the instrumentality of water bitches. But little
mining, comparatively speaking, is done now or
carried on in the Southern mines, except through
the means of those bitches and canals, which have
been made to supply the rich mines which did no.
possess the advantages or facilities to be worked
without them. 1t is not necessary to mention the
rich and permanent developments which capital
has so strikngy demonstrated in quartz opera
tions. In the northern portion of the State fields
equally as wide and lucrative are now open for
similar investments.
In Butte the investment of capital in mining
enterprises has amply remunerated those who
have made such Investments as also in Shasta
county.
The mining bitches at present in operation in
Trinity county are all paying large interest on
the amount invested and, what is still more ad-
vantageous to the stockholders and propretors,
is the fact that those works have become perma-
ncnt as well as profitable
We notice in the last named county, that there
are some large and extensive projects and enter
prises in contemplation, which, if consummated,
will prove highly profitable to those who invest
their captal. The survey of the Trinity County
Canal. recently made in Trinity county, presents
many facts worthy the consideration of capital
lists. The line for this important work has been
surveyed. and the route located, by H. l.. Wheel
er, Esq, an able and competent engineer who
pronounces the route perfectly practicable The
source of the canal commences at the North Fork
of Trinity, stream capable of supplying from
four to six hundred sluice heads, daily, the year
round. The distance embraced in the length OF
this canal is 81 miles. and the mineral land,
known to be rich, within its fcopc, is estimated at
over 45 miles; which mines cannot be watered
from any other source, The waters OF this canal
will find ready sale in the rich mines over which
it runs and we have no doubt that. should the
enterprise be completed, it will secure to its own
crs handsome dividends. The estimated cost Of
finishing the canal is put down at $l75 900.
The Trinity River Canal is another work of an
important and profitable character now in course
of construction Mr.. Curtis, one of the owners
in this work, and who is at present in the city,
cndeavorng TO negotiate loan OF money at rea-
sonablc rates. to complete MS work Is one OF the
party who caused the survey and location for the
above work to he made.
Should these two important works be finished
as is contemplated by their owners and projectors.
they will unquestionably give work to hundreds
of industrious men for years, and add much to
the already extensive gold product from the
northern portion Of the State. Our capitalists
should give some attention to this matter, as it
may be said, that the present period in Gitching
offers superior advantages over any which has
passed to secure an opportunity for safe and per-
mancnt investments in both dichng and quartz
operations