Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1864-05-02
CALIFORNIA OPERATIONS IN
WASEOE STOCKS.

cisco, requesting definite information with
regard 20 this or that mine, in which the
anxious inquirer is usually possessor Of 4
r,ea,er or lesser number Of feet. 1t some
times happens that the most vigilant search
b. our mining reporters fails to discover.the
exact Whereabouts Of the designated mine;
and even il the location Of such mine were
known - Us, the information desired is gene
rally Of such character that we are unable
70 furnish i. \ silver mine is not property
o; that public character that justihes every
outsider o. even the more privileged reporter
or editor to pry into its private business at
fairs and publish the resul; o! his investisa-
tons 10 4 curious world. What knowledge
we gain relative 10 such matters is obtained
through the courtesy Of those in charge and
published with their consent. The location,
extent, and progress @; the mining works,
the character OF improvements and manner
OF operations are generally open for our IN
spec,iou and comment. The manner in
which the business affairs OF a company are
conducted are an entirely different affair,
and something with watch we have nothing
to do. It is most enpaatically none of our
business, and parties desiring information
relative thereto must apply elsewhere. We
generally reply TO each individual inquiry
made Of the character referred 10, stating
the location Of the claim, when that is known
to US, and giving any other information pro-
pcrly within our province TO know and to
tell. We generally conclude such letters
with bi, Of advice which usually has the
effect OF concluding the correspondence with
the individual then in hand. These anxious
cnquirers are usually persons OF small CAPT
al and less caution, who, bcwiIdered by &C
counts of the vast fortunes made in silver
mining, have rushed blindly to Montgomery
street and commenced mining in that perilous
ground, without having first made any effort
towards that investigation which they attempt
through US, when all too late. They purchase
of some friend IN whom they have implicit
Confidence" certain number Of feet re-
presented by pretti,v printed pieccS-of paper.
Having secured these. perhaps at the price Of
their whole capital, they sit themselves down
and commence counting their argentiferous
chickens. The primary and indispensable
fact of the actual existence ofthe mine named
in their certificate, is something that they
have no. We; taken the trouble TO ascertain.
From one 10 half a-dozen assessments, how
ever, begin TO arouse them rom their happy
apathy. and they bethink themselves TO make
some inquiry upon toe important point.
Then comes the letter 10 the Editor OF the
News. Our contemporaries arc probably
favored in the same line. We krowIo; how
j: may De with others, out thus far our an
swers 10 such epis;ics have n; general.y
been of,he mos: exhilir2..ng character. We
have not ye, received letter from any one
who had apparently been en:irely ruined by
the wild cat, and We have treated rather jo-
cosely the wai,ingS Of those who have been
slightly scratched in ;Heir encounters with
tina: beas:. The lesson they have been taught
NAV be of value in teaching them caution in
medGling with business in which they can
be reasonably expected to know nothing At
all. WithoU. the first scinrllation OF an
idea Of what l silver mine is, what it looks
like, how !, is wrought, by what means or 4:
what cost, they invest their scanty earn
ings in feet" in the hope OF making
colossal fortunes such as those OF
With they nave read and heard so
much. The greater mass OF these
burnt caildrea" have dab5led in
"i:et" in sheer spirit OF gambling. With
the intention OF buying a. low, and selling
at high figure, they have entered the field
OF speculation, in which they had no moe
chance Of successfully coping with the bulls
and bears OF the stock market, than
Johnny Raw on his irst visit TO town would
have with patent safe" professor or 4 race
course thimble rigger. For such specula-
tors who have los; their money, we have
"uary bowel OF sympathy" To those who
have ignoraa,ly bought feet in good faith,
hoping 4, some future period to have an in
terest in a paying silver mine, We can give
some information and advice. In the first
place, the Californian who chooses to invest
his funds in these, to him, distant mines,
should endeavor BY some means, and there
are such available, to ascertain something
about the locality and pEesumptivC prospects
Of the mine or mines which ne selects as his
venture. He should next take into considera-
ton the fact TIA: the Development OF silver
mine 70 a condition where il will commence
20 Weld any return at all, must in any case
involve the expenditure of vast sums OF
money and months if not years Of labor.
He must therefore moderate his investment
70 such share Of the mine as his capital
will support the assessments upon. The
man of limited means must not look for
ward to becoming the owner Of a vast num-
Der Of feet in a dividend paving mine. II
the mine be rich, few feet will be fortune;
If not, the more feet the worse for the owner.
II such persons as those to whom we ailude
will make inquiries from those VINO are
qualified TO know, what has been the cost OF
developing any one OF the rich mines OF
washoe, they will be astounded, and will be
able TO judge Tor themselves no" many IeeI
in any one OF those mines they would have
been able TO have paid the assessments upon
during the months and years consumed IN It's
Development. We do not write in this strain
to discourage the people of California from
investing in the mining operations going on
in this Territory. Far from it. We are
DESTROYS of encouraging and assisting in
developing the rich mineral resources Of
these hills. Their wealth. is boundless,
beyond all computation, and they will continue
to yield it up for centuries to come. For
tunes are here for thousands Of those who
prosecute their adventures with judgment
and caution. It is the universal and needless
squandsring Of money in worthless wildcat
speculations that we admonish the people
T. - h.. hl,zl