The Nevada Democrat., 1857-06-17
For the Nevada Democrat

0HfnIUR REoGpeEt8 % eCNaAA NCs-AAh$s
Mr.. EDrroR-In your paper of last week, OBJ
serve suggestion made, for the formation Of
prospecting company on plan calculated to
combine the capital and industry Of the citizens
Of Nevada The move is made at the right time,
and in the right direction. Instead Of disputing
upon distractions in political economics, and
giving way to the panic of "hard times" the
energetic action which is proposed by you, will
crown with prosperity oar people, and restore
the DAYS past when Nevada was the centre Of
vigorous and thriving mining region. One fact
in political philosophy is indisputable. and that
is, that where you afford abundance of remune-
rative labor, there will be plenty and pros
perty. No community can be poor where there
Is profitable industry.
1t Is quite time that we had solved the ques-
ton, whether the hills that surround Nevada on
every side, are the repositories of that mineral
wealth which will afford resources for its future
welfare. II not, then Nevada must remain for
the future, almost wholly dependent for its sup
port upon the rest of the county, and for years
It may drag out sickly and languid existence.
If however. there be that wealth which will en-
ploy hundreds of industrious men, and yield to
capital a fair return 1t should be developed, and
the more speedily the better. If the ability of
few is inadequate to the undertaking of pros
pecting on SO extensive a scale as that required,
then, should it be accomplished by the united
strength of many. For men are not willing torisk
their ALL in an enterprise, ard upon single
chance to run the hazard Of pccuniary ruin
and there is the difficulty, ct our day with min
ing operations The shallow diggings being in
a great measure exhausted, recourse must be
had to the deep hill dggngs, and to quartz.
In both of these, large capital is necessary. an
amount much beyond the command of any but
the fortunate few. Owing to the disposition of
men, as soon as they have accumulated money,
to leave the country, this number. together with
the aggregate capital is constantly kept at the
lowest ebb. Most Of those with us, while in the
process of making their "plle," keep il boarded
away, and the actual capital Ofthe community,
is thus Of no more use than if did not exist.
The only men in fact. who can be looked to for
the purpose Of bene6ting the country are those
who look forward with patience, to u permanent
residence in the mining region, and to those
whose investments in property give them par
tcuar interest in its valne.
Let these unite their means for the common
welfare. Put a part of this means into the
work, and venture something to developc those
resources which lie about our city. Immense
l., a. IN F,lou
thousand men for the next century, are to be
found in the hills Immediately contiguous to our
town. Yet no effort is made to test its value
because of the want of either energy or capital.
It is as safe to assume that the hills contain
golden deposits as that solid matter observes
the laws of gravitation.
The right sort of banks, then. for us to resort
to for safe and abundant currency, are the
great banks In which nature has made her de-
posts Of orc. Any others would only tend to
destroy the little substance we have. Paper
currency in California, would have the effect Of
adding to our wealth just as fire has the effect
of preserving gun cotton, and would be about as
rational as the expectation of ice to Lapand.
If any old theory of the last century has been
exploded, it is that you do not add to the
wealth of q people by the bare increase of that
which is only the representation of wealth. La
Dor. and the increase and produce Of industry
alone, can add to the substantial wealth of a
people A paper maker, an cngraver and
banker, can make more money in week, than
the Allison Ranch quartz lead engine, pump,
mill and O hundred men could make in fifty
years. and yet all the paper maker, engraver
and banker would produce in century, would
not amount in intrinsic value, to pound Of
beef, or a pair Of boots.
If our citizens whose interests are wholly de-
pendent upon tho prosperity of the city, are
anxious to perpetuate its existence and its well
being, they should act promptly upon your sug-
gestion.