Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1864-06-15
IMPORTANT, IF TRUE.

The Esmeralda Union, commenting upon
an item in this paper, concerning test
crushing of ore from one of the American
Flat mines, says:
Rock iha; won't pay over s34 per ton is hard
" considered worth noticing in Esmeralda The
Empire, on Last Chance Hill, pays $40 per ton.
and the Young America, on Silver Hill. averages
about $3.50 The third class Del Monte rock pays
Absut S35 per ton, which is barely sufficient in
this district 10 pay expenses. Nllmsn charge an
eSorbtant price here for crushing. besides nearly
every article used by miners costs nearly double
in this place what il does in Gold Hill or Nir-
GINA. In the matter OF expense the Wash0e peo-
pie have great advantage over Us, and hence
their mines sell higher, though they are no richer
in fact. not even 80 rich. II some OF our mines
that are selling for only fifty or hundred dollars
per foot were ia Gold Hell or Virginia, they would
sell readily for five hundred. This state of af.
fairs cannot last long. The Sonora and Mono road
will be built. We trust, during the present sum
ner and when IL is finished Virginia will have but
Gttls advantage over us
OF and concerning the foregoing re-
marks, we would simply observe that
"our, pump don't suck" 1t is highly
probably that they don't notice much rock
around Esmeralda paying $50 per ton,
and It is very true that rock of that quail
ty is no great shakes, and leaves no great
margin over the heavy expense Of extract
ing the metal in this Territory. True as
preaching. But when that fact is made 8
text whereupon to preach sermon, and
to draw differences that the mines of the
Esmeralda region are superior, or even to
be mentioned in the same day with the
mines of Gold Hill and Virginia, it is time
TO cali attention to the ancient and time
honOred proverb, that ";he proof of the
pudding is in chawing the string" That
old story about " if our mines were in
Gold Hill or Virginia they would bring,
etc., etc, is utterly and absolutely played
out. 1t is the story in every wild cat
district (.avin' yer prisence) in the Terri
tory. There are no claims in Gold Hill
and Virginia selling at five hundred dol
lars foot" except those which have the
ore in sight to justify such a price.
When such ore is discovered in
the Esmeralda country, or in any other
district, it will not be an uphill job for
the local papers to force the fact into no.
tice. When such mines exist, the devil
himself could not prevent the secret from
being revealed nor keep capital from in
vesting therein. If the mines spoken of
by the Union, furnish rock of the quality
mentioned, furnish it in any considerable
quantity and can be wrought to any ad-
vantage, they are, although not by any
means first class mines, yet rich enough,
and no difficulty viii be experienced in
obtaining crushing facilities. Such mines
are in demand and will bring their full
value wherever they may be. The name
of their locality would not change their
value one dime per foot. That claim is
located in particular district gives it no
value except an ephemeral and specula.
tive one in the early days OF its location,
before it is developed, and while its value
is mere gambling guess-work. When
company is taking out rock and its value
is apparent. the days OF speculation in its
stocks are pretty much at an end, and the
fluctuations in its market price are eonse-
quent upon outside matters having no re-
ference to the name of the district in which
the mine is located. The mines of Esme-
ralda like those of every district must
stand upon their own merits. If they are
rich as represented and are favorably stu
sted for working, they will assume that
position in the market which is occupied
by the mines in other districts. If their
location renders their working unpro-
ftable it makes very little difference
how richly their rock may assay
II is the nett proceeds Of the mines of Gold
Hill and Virginia that gives them their
high rank and standing in the market, and
their fame throughout the world; and it
is only those mines that, from their loca-
ton, are known TO be upon the identical
lodges which are paying, that bring the
high prices Of those of whic the Union
speaks. It is most certainly high time
that, if the Esmeralds mines are truly so
valuable, the matter should have become
established as a fact. Those mines are
not new discoveries. They are older now,
and have been known longer, than many
mines in this district were when they were
priceless in the market. Those Of Esme-
ralda had day when there was a ft1rore
about them as fierce as ever ragged about
these of Gold Hill. Those of Gold Hill
fulfilled their promise, and to-day there
are several that money cannot buy. Those
Of Esmeralda failed to "pan-out," and
their stock goes begging in the market,
having no value save that fictitious and
nominal value which Confederate stocks
have in the money markets of Europe.
They do no, bring the prices of the Gold
Hill and Virginia mines, for the simple
reason that they are not worth them.
That is what's the matter. We would be
glad to believe that they were even better
than these. It would be better for every
body in the Territory, and better for the
nation; but we regret our inability to
hoist in the story of their unappreciated
wealth at this present writing.
SANITARY Bricks. - The people of