Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1865-10-19
EXTREMES.

Historians assert that the major part OF
political difficulties spring from extremists.
Moralists complain that extremists seize
upon nearly every theory for the promo
ton of good, and so conduct well devised
plans that the results are more injurious
than beneficial. Those who write the
history of Nevada will record that she
was infinitely injured by stock specula-
tors; that she was nearly ruined by stock
sharpers-extremists. Those who take a
view of things as they are at present, will
not have to reflect long to come to the
conclusion that things are carried to ex-
tremes. A year and a half ago everything
was extremely high. A worthless mining
claim, that was located in sight of a min
ing claim of real merit, would sell at an
almost fabulous price. Now, claims Of
merit will hardly find a purchaser. We
are at the other extreme now. Every one,
then had coin in abundance. Now it is a
scarce article in many quarters. Are not
our mines as good to-day as they were
them Surely they are. for they yield
more bullion. Then why the great de-
cline in pricess Because they are con-
trolled by extremists. One extreme is as
injurious as another. Confidence in the
country is shaken by the sudden collapse
of unwarranted excitement, and mining
companies are likewise injured by a fall Of
their stock from inflated prices. People
loose faith by seeing such sudden and
rapid declines in the prce of property
which they have been periodically called
upon to witness in this State Of ours. The
other extreme is also destructive Of the
best interests of the country. Bearing
down everything to the lowest rate, and
far below real value, for the purpose Of
having a grand rise, is n Of the almost
intolerable evils we have to endure.
Ruin the entire country to fill our pockets,
appears to be the creed which the San
Francisco capitalists have adopted. Such
is the condition of affairs created by these
extreme movements that people outside
the limits Of the State don't know how to
Judge us. In 1860 and 81 a long line of
claims were located south of the Overman,
on what was supposed to be the Comstock
lode. Claims on either side were also To-
Gated and worked. American Flat was
lively then. In 1862 everything there
dropped dead. In 1868 business in that
neighborhood revived. During the Spring
of 1864 the excitement rose to an extrava-
CANT extreme; and then again everything
dropped dead as 6 door nail before Winter
had covered the hills with snow. En-
elements come here as regular as pro-
tracted meetings in Michigan, and are
lust about as much to be dreaded. They
always result in positive injury or the
creation of distrust. Our people back
slide from what they do when under ex-
element. And il is natural that they
should do so. What we want is less ex.
citement, less running to extremes, and
a more sober and straightforward policy,
People feel kecnly the depression at pres.
ent, yet they would feel it more keenly
still were it not for the great mount Of
bullion our mines are producing. The
fault is not in the mines-it is in the peo-
pie. Yet outsiders don't see how we arc
tossed by " bulls" and knocked down by
bears" and they regard the fluctuations
as being caused by changes in the mines
rather than by fancies in the minds Of the
people. Those who will carefully con-
slider the subject, will see that the rise and
fall in the value of mining stocks, in mint
cases on, of ten, result from undue and
unwarranted e%xcitements, and that mos,
applicable to our case arc the words Of
Cassius: 1.-THE fault, dear Brutus, is no,
in our stars, but in ourselves that we arc
underlings."