Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1863-11-16
s. Rnbble Mining.', v


Mania" etc, etc. 1t would appear from
these articles, with which the papers, not
\ply of the cities, but of the whole State
filed, that the people of the Golden
+e have become oblivious OF, or skepti-
lcerning the mineral wealth of their
pil, and impressed with mania
this Territory alone IS minera
- be found and fortunes to be
aiming. This infatuation Of the
pf California, they aver, is running
State as body polite and beggaring
,.rspeople as individuals. To stop the
r devastating effects of this terrible "ma-
MIA" the press has, with great manimity
and in the most earnest end persistent
manner raised iS warning and instructive
voice. 1t informs the deluded people that
the stories of the fabulous wealth of
WaShoc are all boSh and humbug; that
there is but one silver lead in all Nevada
Territory, and that ledge the ComStock,
about mile long. 1t tells them that of
the thousands Of mining companies that
have bcerincorporated, that there are, at
most, but some four or five paving claims.
The idea they inculcatc is, that the already
vast population Of this Territory must GER
tainly be supported either by the proceeds
of these few claims or upon funds import
ed from California. The shipments of
treasure by hundreds of thousands week
", loading down the coaches every day
with tons of silver, hardly seems to bear
out their argument. They seize upon an
occasional yarn, like those current con-
corning the Daney and Santiago Compa-
MES, and of'them make great capital and
extensive uproar. They learn from the
Territorial papers the modus operQndi OF
swindl2g which has been reSorted to in
exceptional cases, and would have the
people believe that it is the general rule,
in all cases, outside the wonderful Com
stock. That some considerable amount
of swindling has been done in the way Of
.Salting claims" and selling wild cat
stock to incautious people in California
and elsewhere. It is not at all surprising
that such should have been the case.
From the days of Geo. Laws South Sea
Bubble, down to the present day, there
have always been people eager to rush
into any kind of speculation that promised
sudden and enormous returns. When
ever and wherever such people are, there
will always be those who are as ready
and eager to prey upon their folly. 1t is
very well for the press to inform the peo
pie, and open their eyes to any deception
or fraud practiced upon them. 1t twill be,
however, found necessary for the press to
adhere strictly to the truth and state facts
precisely as they are, in order to have its
warning voice needed. When, therefore,
they undertake to force upon the people
that, with the uihing exception of the
Comstock ledge, the mineral wealth OF
Washoe is fable, they overshoot the
mark, and do more harm than good.
The people kao,o better than that, and by
asserting it as fact, the press impeaches
itself in the eyes of the people, and its
preaching all goes for naught. The last
dodge we have heard of in the way of i'm
parting useful mining information to the
people is thus described in the Mining and
Scientific Press published in San Francis
CO. 1t is as follows:
"Thc idea is not bad one which has re-
Gently been preached in the city of London,
to counteract the very evil of which we are
writing, and which has recently assumed
quite an importance even in that old eStab-
lished headquarters of English mining. Sc
veral leading mining men are there moving
in the matter of the organization of an asSo-
citation, which shall act as medium of COM
mthIicatiOn between men who are seeking
. mining investments, and through which any
man desiring to invest may ascertain the
character and standing of the men who con-
troll the various companies; the society to
have its headquarters at London, with
branches throughout all the mining localities.
Much good is predicted from the influence
and working of such all organization. We
are not vet fully advised of the details Of the
plan. Should anything definite be arrived at
we shall lay it before our readers"
Well. if anything comes of the scheme,
we shah lay it before our readers also,
for we imagine that we detect in that "as-
ISOLATION" the odor of rat of noble di-
mansions. The person in California, or
elsewhere, who desires to invest in the
mines of this Territory, who has not some
personal acquaintance here, or is not suf-
ticient cognizant of the reputation for
probity of some one of our citizens, to ap-
ply to him for any needed information
without having recourse to the head
quarters in London" or its branches
throughout the mining localities" is out
of luck, and had better not speculate.
TREAsURE.-Wells, Fargo & Co. shipped
s25 250 % from their VIRGINIA Office yeSter-