Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1864-09-20
MininE Prospects.

From the S. Z. Argus of Saturday.
We can congratulate our friends upon the
improvement which has taken place in mining
affairs generally. The panic which has seized
and benumbed US for the past six months is
departing, and we are on the eve of period
of regeneration. The experience Of the past
will not be lost upon us, and henceforth oper-
atoms will no doubt be undertaken with more
prudence and caution than have heretofore
attended stock investments.
We held that the mineral wealth Of Cal
ifornia and Nevada has only begun to be
developed; that mining among us is in its
infancy. The tin and copper mines Of Corn
wall have been worked for three thousand
years, and to-day yield more than they ever
did. OF course, knowledge and judgment are
as necessary for success in mining as in any
other business. Mines should be sought in
good localities, the management scrutinized,
the position and prospects Of the works ascer-
tanned, and then with the requisite funds
forthcoming, no medium of investment pre-
sents the same chances of success or pays so
large a rate Of interest Speculative nom
dividend shares afford greater range for profits
than many Of the old established companies,
with hazards as regards mourning loss /; but
judicious selection cannot fail in securing
large prorts upon ruling prices Of shares.
Many a fortune has been, and will again be
made with comparatively small investments,
for immense as have been the returns and
profits from the mineral wealth of California
and Nevada, and which have rewarded en-
terprise and perseverance, it would appear
that their resources are yet equally prolific.
There is no fear from the recent improvement
in the Rsmeralds mines and others, and their
stores for ages to come will exhibit any token
are constantly being discovered, and increased
riches produced to reward the industrious,
perseyering, and enterprising miner, whose
energies no stratum can resist or obstacles
daunt in his slow, yet certain progress to
success. Undoubtedly mining presents many
hazardous positions, and risks become more
attractive in proportion to their extent, but
with the guiding lights Of science at hand
following out the various operations with
spirit, perseverance, and judicious economy,
no pursuit presents more lucrative prospects,
enrichin2 its supporters and giving employ
ment and plenty to deserving, intelligent,
and working population.
Perhaps nowhere in the world has mining
been carried on with greater success than in
Cornwall, in England, and the prosperous
condition OF the mines of that region is won
derful. And yet, to show the passing uncer-
tainty Of mining operations, we may refer to
one case, that Of the Cara Brae mine. which,
after yielding immense returns and profits,
became abandoned. The present company,
however, erected machinery, pumped out the
water, and succeeded, upon an outlay OF
$4,000, in giving profits Of f2So, 600, and
possesses, at this moment, property conf
mercially worth 100000. The mine adjoin-
ing-the Tincroft-also abandoned as worth
less, was regarded by many practical author
tiles as the more desirable speculation of the
two, and the shares rose to an immense pre-
MUM. Another mine, the Tresayeau, three
times rich and three times abandoned, is
once more at work, and yet, notwithstanding
the uncertainty that attends operations, sew
eral practical authorities regard the enter
prise as one of the most encouraging IN Corn
wall. Certainly the history Of the past en-
circles the adventure with unusual iascina-
ton, for that company, upon an outlay Of
E3, 100, divided profits of E449,064. The
"Buller" mine was also abandoned as worth
less, yet a small outlay discovered its wealth,
and this mine, q few years ago, sold for
FL $50 per share, upon an outlay Of f5. Div
idends, in the aggregate, OF f929 per share,
have been declared. The Devon Great Con-
suls has, during the past seventeen years,
paid dividends to the amount Of f875, IA,
and its market value last January was E599, :
040, and this upon very moderate outlay. .
These are the results of Cornish tin and
copper mines. Who viii fail to see the anal
oSy between them and our own! Who will
fail to see that we have good reason to be-
lieye that our mineral wealth is of an endur-
ing character, that we have no reason to be
depressed or discouraged at temporary re-
verses or disappointments Our universal
wealth exists It has to be developed; and
capital, patience and scientific knowledge are
the prerequisites. These will be furnished,
and this whole region of the Pacific coast
will be a field for the production Of unbound
ed and unprecedented wealth, and living
theatre Of large, prosperous and happy
population. Let, therefore, the uatchWord
Of our miners be-NR Desperandum!