New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1865-03-16

sary to the use of adequate machinery, she is
commencing work of development to which
no limit can be foreseen. As to the reliability
of her mines, he considers them practically in
exhaustible.
Nor are bi opinions less positive in regard to
-. -: silver :.ines Of Nevada. II the Pac'nc
aspect of the mountains is prodigal in treasures
of gold, not less profuse are the silver lodeS
with which the eastern slopes seem literally
emboweled. Nevada, Of course, is greatly
poorer in both experience and capital than her
elder sister beyond the Sierra; but the early
DAYS of California were not more remarkable for
their results than hers have been since the DIS
coveries of the silver mines Of WashOe. ln less
than six years, Virginia City, springing into ex-
istence amid wilderness Of hills, thousands
of feet above the level of the sea- has grown
into we'll built city of twenty thousand
people; and Austin, the CHIEF town OF the
more lately occupied but still richer Reese River
country, has within two years aggregated
population of COCO. The export of bullion
from this Youngest of the States was last year
equal to Sl6, 900, 900; and it seems to be GER
tam tna' mel iu''uv PioJnction of the precious
metals can only be limited by the aIiIvs..ls g
machinery and labor which the enterprise and
capital Of the East can be encouraged to supply.
On another vital point, the testimony OF the
Professor is equally clear: namely, the prchf'
accruing to capital from the employment in this
business of adequate machinery and skilled Ia
Dor. Under faithful and intelligent direction,
il does not appear that any branch of industry
is more certain than this to render large and
steady returns.
The suggestions inspired by these facts pos
sess National gravity. The enormous waste
Of our war is straining our financial system to
the limit of endurance; and the close OF the
struggle, now seemingly not remote, will wit
ness an appalling accumulation OF national IN
debtedness. The interest Of this Is mostly pay
able in cOin and, were it not, the credit OF
the country and the welfare of the people re-
quire the speedy appreciation of our currency
to the gold standard. In this light. the exist
ence on our own soil of these immense deposits
of gold and silver becomes fact of the very
first importance. FLA
The subject is much broader than appears at
first glance. With peace, will come the disband-
ing of the hostile armies and the disuse of the
products needed in warfare, necessitating con-
yulsions in the industry Of the country, and the
temporary idleness Of tens of thousands Of
soldiers and operatives, to whom the war now
gives employment. For this critical evil, some
would seek remedy in a foreign war, and con-
tinue the present system by the reorganization
Of our disbanded legions into an army for
the conquest Of Mexico or Canada. This plan,
cold -boodcd, unchristian and denoralizing, is
forbidden not less by the principles OF genuine
republican craftsmanship than By those OF com
mon humanity. Far wiser would 1t be in every
sense for the discharged veterans oi the Union
and the Confedcracy, who have no farms or
workshops to welcome their return to peaceful
pursuits, or whose adventurous habits incapaci-
tate them for the more quiet labors of industry,
to employ their restless energies in the at
tractiye fields of the West, and, in the irater-
nzation OF the mine, to forget the anImoslues
will the existing industry of the country escape
its rudest shock. Let the establishments which
now create cannon, and musketS, and monitors,
and engines of war, change to the manufacture
of the machinery needed in mining; and let
the looms and mills run in the interest of pro-
ductye industry, instead Of clothing an army Of
invasion. Though, ordinarily, the production
of the precious metals is not to be encouraged
as the most useful of occupations, yet, under the
circumstances which now surround us as PEG.
pie, it offers an alternative so superior in
every sense to that Of filibustering sf-
pendix to the Rebellion, and one capable OF so
,aking the shock of a sudden peace, Of so mti-
eating tho sufierings caused by financial
crisis, and Of 80 strengthening the credit of the
Nation and reducing the popular burden, that
we regard the question of scientific mining, in
which shall be employed capital in plenty, in
vested according to the safest principles of art,
as one which should in due time occupy the at
tention of both capitalists and politicians.
II is not orr design in this article to
render any aid to the swarms Of kite.
flyers who will necessarily iniest every
field Of lucrative enterprise. That rogues
will rush in with bogus schemes for the robbery
of the public is inevitable. But this will be
only an additional evidence Of the value Of the
industry which they seek dishonesty to use,
aud il should deter nobody of sense from care
ful and thorough investigation of the faots. No