Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1865-06-29
Mining and Capital.

While a few have become rich, great
numbers have been impoverished, broken
down in business and irretrieveably en-
thralled in bankruptcy by specializing in
wildcat" stocks; but by other means
perfectly legitimate and almost wholly un,
ayoidable, the great mass OF the practical
miners, have during the past few years.
been gradually becoming poorer in con.
sequence of the change in the nature OF
their pursuit. In early days when the
" cradle" and "long- toni were IN use IN
almost every gulch and river-oed IN the
mining counties, money was plenty in the
hands OF industrious men. Could these
hardy and industrious pioneers instead OF
summarily concluding without moments
reflection, that as soon as the gulches were
trenched over and the particles OF go!o
separated from the surface soil, California
would become the abode of Aslatics ana
Indians only, have foreseen what in few
wears has been realized, that the surface
gold was only the means readily accessi-
bic of enabling them to dig deeper, and
bore the rock in the mountain ranges to
reach the great fountain of wealth, how
different might have been their present
condition. Fen years ago the chances
were ten to one in favor Of healthy, pru-
dent, economical and industrious man
lettering his condition in the mines; but
now, unaided by capital, the chances are
ten to one against him. Now, capital is
indispensable in carrying on the work
necessary in developing mine, then the
richness of claim was told almost in an
hour, and at night the miner carried away
the proceeds of his days labor in his
pocket.
The sentiment every day gains strength
among pratical miners, that unless capital
is brought to bear in bringing to light the
hidden wealth of the country, money will
become even more scarce than it is now,
and vast fields even known to contain
valuable metals, be abandoned for the
reason that the labor necessary to reach
and appropriate them cannot be applied
without a sustaining power. They know,
the great majority of them to their cost
and disappointment, that prospecting is
not self sustaining, and even SO precarlouS,
that men of limited means. in the most OF
instances, run the risk of losing all they
possess in attempting to accomplish too
much to sink or swim" By their own
individual efforts to discover and work
rich mine. If the mine should turn out
10 be worthless, they, as a matter OF coure,
are left without dollar, bankrupt
whereas, if there efforts prove success.
full in discovering q valuable ledge,
they are forced to part with certain por-
ZION of it, whatever amount capitalists
may require for advancing the means to
carry on the work. 4 great many hard
working, industrious, practical miners
may not be ready to admit that the theory
of mining on a large scale, the manage
ment of extensive interests where large
amount of capital is involved, and is ne
cessary TO carry on the work successfully,
is by them but indifferently understood,
vet such is undoubtedly the fact. 1t re-
ouires business talent as well as hard
blows, and without both combined, the
chances are that even with a rich mine O
mining enterprise will prove failure.
The sooner skillful and laborious miners
make up their minds to the fact that CAPT
talists must be invited to cooperate with
them. and both go hand in hand together,
in order that the necessary developments
may be made to bring about hourishing
state of affairs-a prosperity permanent
and lasting-throughou the mining coun-
ties, the better it will be for their own in.
diyidual concerns and the interest of the
country at large.-Stockton Independent.