Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1864-08-01
Di.eourusement ef Mining Enter

AtAec0uEuNpmehs SA-sgt
Alwriter in the MIamg and Scientific Press
of last Saturday gives an excellent article
upon the subject ofthe encouragement o.
mining enterprises, too fashionable among
certain class OF California papers, who
know just nothing at all Of the subject Of
their silly squibs. The writer says:
We ind the moment mining enterprise
10 mentioned in the hearing Of many they
ridicule it at once, setting down the originator
as visionary in his understanding or as dis
honest Spectator IN wildcat stocks. Al
most any article burlesquing the great indus
trial pursuit OF our coast, readily hnds place
in the columns Of our daily press, and an
article describing the works Of profitable
mine would scarcely find q paper to PRINT u I
q suspicion that the article was written Tor
speculative purposes would debar It at once.
Local-itemizers and haiE-fee Bohemians
gobble up with ayidity any trtfiing occur
renee upon which thew can base SEN
sational article ventilating the stupen-
dous swindling transactions OF min
ing corporations. in most of these ar
ticles directors, secretaries and superintend.
ents are "handled without gloves, and rep
resented as growing fat on assessments
filched from the pockets Of gulla6le share,
holders. All varieties Of gross ridicule and
caricaturing are indulged in, and generaly
the reader Is left to infer that all mining IN
corporations are South Sea Bubbles or grand
swindling schemes, and that most mines ex-
ist only in the imagination Of the sharehoid-
ers, and furthermore that most assessments
are divided, pro rata. or otherwise, among
the sharp "insiders.o From this class OF
shallow writer's nothing better can be looked
for, they never having an idea beyond a Few
far fetched puns, ut a penny a line, ana as
for understanding the resources OF country
or the chief pursuits from which people de-
rive their wealth and prosperity, that must
not be expected from them; their education
having been neither commercial nor hnancia4
They are not fit to criticise any schemes
tending to the advancement and general ben
citing of a community. Their forte is TO
announce. It is more serious undertaking
TO instruct and substantially benefit people.
Flippancy of style in the construction OF,
newspaper items, caricaturing, punning and
badinage, all have their effect on readers
whose minds are not well balanced, and often
uroye a powerful lever in oyerthrowing the
most beneficial of industrial enterprises.
We most assuredly have the rightto expect
that the proprietors or chief editors Of the
press on this coast should understand that
we owe our very existence, as Californians,
mainly TO our mines, and that to discourage
mining undertakings, unfortunately, is se-
riously sapping our vitality. II it is their
aim to encourage our people in their legiti-
mate vocations, they should rigidly adhere to
course tending to the rapid development,
rather than the retarding Of our mining in
terests. They should learn TO discriminate
between Montgomery street gambling and
honest mining, and in no instance to con-
denim in SO general manner, BY ridIcule or
otherwise, all mining enterprise. a,g{.s .4ss
Stock gambling is an unavoidable evil that
all communities will sometimes indulge in,
and particularly should it be an object OF our
prees to discourage ali such gambling with
out mistaking it for the gains or losses to be
derived from mining, and thereby tending to
keep capital from our mines. Look over the
columns of our daily papers, and you will
7 find them filed largely with mining adver-
tisements. After having noted this fact, ex-
anime very closely the reading matter there
in, and you will scarcely fail to find arti-
cles of various kinds tending directly or in
directly to discourage the very parties as
sessed to pay for these advertisements. The
paper solicitor was anxious to secure these
yery advertisements, and viii dun poor Sc
cretary to death, if any Of the companies are
unable to pay. Pursuing such course is
killing the goose that laid the golden egg,
from mere wantonness, and after the read
ing Of such suicidal articles or squibs on
mining, as appear daily, well might one be
convinced Of the truth OF the proyerb, :. He
that answereth matter before he heareth 1t,
it is folly and shame unto him." a e! TX
Our great misfortune is that we have IN
our zeal undertaken to develope mines that
we have capital to go on with. Very few
really ovid Cal" or bogus mining compa-
MES have ever enforced their assessments in
California or on this coast but to read our
papers, Eastern and European capitalists,
whose aid we require, might infer thai the
majority Of our mines are Wild Cat" spec
ulations and that we possess only few real
ly valuable ones. Give US more capital to
lubricate the working of our mines and this
mad dog cry of "Wild Cat" will soon be
hushed." " -, la t4s