, 1864-08-16

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aud cete5tahle IN humanity. Can 1t be pos
sible that there ire still men Of ordfnar,
sense and Intelligence in the States who sttl
believe in John C. Fremont1 To one on tllt
| sice of the mountains fhs idea seems too pre-
| postettuH to be entertained for single mo-
| ment. ! lave not seen a man thus lar whc
! will vote fur him, or y ho would otrmIt him,
self TO be Euu on his electoral ticket. al.
tEtugh there doubtless are men in Califor.
MIS-, ss there arc every There. WHO could be
nfsd e!t o % 90 anyihi.g FOR ready money. Ii
$itO.ttQ were judlciously expended in Cali.
1oraia between now aud November, 1t might
possibly oraw ont 900 votes in the whole
State for Fremont, certainly not mora. Bnt
Fremont has not thousandth part of this to
spend, az d If be bad he wculd never send It
here, where hungry candidates wait with
greedy eyes On every baud lo-devour his sub.
Fait IL vain BIS vast estate Of Mar;pou
which l. popularly supposed to hare made
him m'llonuiie, 6, ,leyer Eusd hin. siaa{e ding:
al the proceeds Of its washing haze gone
into the pockets Ct others, and will do 80 to
1he end Of time His paper is not worth fiye
cenls On tne dclaf n San Francisco to-day,
and neSer will be. Norris this all; the es.
tate, If clear Of debt, freed from the incum.
blances to title-which are regarded here "a
fatal-und peaceably In the poss essIon OF the
Aa1iposa Mining Company" recently ar.
| gSnfzed IN New York with nominal capital Of
."lu slo, ,0oo, ,000, would never pay per Ct per
sntom On NE Investment Fou may be In
clined to dlsbe1ieYe me, but such is the fact.
ard time will demonstrate the truth of what
assert. To show Your readers more fully
In what esti1aatfon ]. C Fremontie held her
send yon what the local o. the Alta relates
as 3 capital Joke on Ole ot the wcalthIest
ba1 KRIS OF Son Francisco, promising that /
Emo" 1t to be nurallT true and not over
drawn:
ttEoue ve4ra stnra Eron.,.,o f,..,,. ....
"a; a. uanJ Others have done be;oFs and sfncc. a
{noGmen: ;, inE ctpside1sele sum against John c.
ramons s1s .at N Ihe Pathnder and his a.
alive by csneing the issnc and return Of pr1cessss
10 Various forms under said Judgment trusting that
ior the ccut ction Of the debt; thus far, no veYcr
tbe econcm,cai principles OF the atoresa,d PATH.
lheeI ETC., Aave eu.hled him to defeat their Kid
q ass css 9eea Tssoltsd leazsa 10
to1 keeping alive the clatm was toe gsruishee-
,ng Of i wen knowa BANKER Of the city. Tie
writ walked INTO The banker's private ONCE, aud
wss greeted with srntr Well, yopns man, weat's
meantime vita 1uok Of mlneled iIcreuuIity and
oaeIded dislisy. Then asked him to repeat bis
sny,hine IN sour hands belonging to John G. Frc-
~ ,1 BIZ y throat No s:h' not ID thngl What
bunker. l ow apparently threatened with an in.
s'a1t tttack Ct ap< plexy. The Deputy did not
stop TO enttr into further explanations. but beat
bet tribe that he Ca11 be hired 70 venture on the
Ssnr ss5ee o. 1sother q hat Eatare re
document III anJ shane
Ercb, stnd fuuds hare tu stare an ss5rgan."
tthere IS rot paper tn-tbe State which goes
1or Linn noW,) and see how long it will be be-
lore That saihe youbg di putty sheriff calls on
tie niahageis Of the concern on the same er-
rand Wiki he had when he called on John
Pa1Eett, the banker above alluded to,
B, the bye, l see that he goes in for
s'ecenony,' lGod eaTeusD, and "free.om
of the Prtss.'' WHAT his ideas of economy
acre you dulbt:css learned during htz reign
in 81 Luis; hut did 1t ever occur to you
tl-at Lie IVES the first military commander in
AlM tica to suppress newspaper, and that
tuo to- mer.iy pen..nsi criicisul--well de-
erytd ones At that-not absolute tfsfo, atty?
What about the Har Bulletin and Msssoa,iaa7
notice also tbat you speak doubtingly
ahout bis taking the nomination from the
dieorgaDizers ut Cleveland. Why he would
1T least Undertake to take red-hot poker;
take AZ, thirg.
THE MINING STOCK PANIC
As anticipated. when my first letter to
the TRIBUNE YVES written, the miuing Stock
mania in Cal,fornfa was then about cuImin.
Stocks which were worth feW dollars per
share, and sold readily to q thousand bu5 ers
q few months silce, are now to be had for
The last assessment only. New companies
havenot the slightest show ofcollectiDg in the
first assessment even. anlstocks which have |
been ard ttill are paving heavy dividends,
have deprt tc,ated fron 50 to Is percent under
the prtssnre OF the great quantities thrown
on he market, and tn absolute exhaustion
OF the loose capital of our citizens. It Is safe
to eay that one half ofthe nett earnings -four |
entire population for the Last two ears, have t
which are Low practically worthless. where |
az, Lad the capital all been concentrated ona
tenth part Of the number OF mines, we should
have lad ten paying mines, where now there |
Is but cne, and majority of our people |
would bave been made wealthy through min
irg enterprise. The trouble is not that the I
majority of mines are worthless by any
meeEe. but that "it takes mine to work q
mine" and the money is wasted in mere be- |
glnnIpgs on thous and lodges, which should |
have been concentrated on ten Do not for |
3 moment Imagine. that our mines arc |
SwSrRsd out" fe,n or "tesssnnlag min e e. fail'a H.
contrary, we hhve Is Jet hardly cou-
menced to develop them, aud even in |
euch countries as Western Arizona where the !
ledees cop cut boldly and rich ut the sur,
foce, paying wten judlc'ously worked al
most from the surface, spite Of the draw
hscks Of hostile Indians, Tor hungry Indians
winch arc about the same tniDg') LACK at:tn ot'
abetnce Of aH uatiye elements for sustaining
l,u1nau lite Our grandchildren will be reap.
ing The harvest nc arc nov s0W1rg, and but
tajrl, commencing to realize the vast wealth
which the barren mouutat1s now hide from
our eight. Is an example of the enormous
decline IN the market value OF mining stocks :
= MI ia OF n hn
Curry, OF Virginia City, NevaGa Territory,
For 1To xeers past this MINIS has paid dlVi-
dtncs Of S1o5 per foot (ehare} per month aud
& few 1ncntls since the tuarket value Of the
stock was a.tou. s., ,000.. Two months sioce
a friend Gf mine bought four shares OF his
stock at ~ 500 per ehare, m9rtsas.ng 2 ~ ms
cpd lett for Europe to eu}oy his In ONE.
BE could now buy the came at
81, eco per share, and the dividends have FALL
EN- believe temporarily-to <50 per TOOL
permontb. s4Wbat falling OF was there,
ny countr, men!'' Thisis, on the face OFT.
u rad state # afI:tirs, hut on looking dee PEI 7
it a i'll he found that we are not 90 badly of
aitc1 au, ss wotild seem at frat ste h.: ine
work1nen die. but The work goss on" and on
tEe LET ci Janu9ry, 1865, the intrinsic value
Of the 4 ines OF tie Pacific slope will BE- a ten
ttHes What It WIS on the 1st Of July, 1878.
Of this nore hereafter
DEATH TO THE APACHES- ~"'
l have alluded to the great mineral wealth
Of Arizena, and the difficulty Of developing
1t, on account OF hostile Indians. The other
drawbacks can all be overcome in time, aud
the compeEsattrg advantages OF the country
are iumense-gr ater than any one In the
East ever dreams of-oat the first STRIP in the
rrneues Of civilization In tbnt direction
must be the destruction Of the Apaches. The
Government is ut last made conscious OF that
fact, and tie days Of the accursed cut thro It's
Of the Colorado valley, the people Of
tres sop, and to military authorities. together
with the friendly Pimos Of the Gila, the Pap
pseas snd the Maricopas, are working ac-:
lively III coacert for their determination, aud
before another gear IL over the bloody reign
Of the Apacbes will be over. Old Irataba too
il amorg bis people once more, filled with
new idtus Of the streueth and wisdom of
the "lu.e7:canos," and If necessary the con.
| federated tribes Of the great Colorado VAL
ley will join In, the work Of e1tcrmtn.tion,
which Is now going on IN every part of. .Ari-
| roma increasingly. The exterminatIon Of tho
Apachts Will OPEN to the world 6no cult
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