Cleveland daily leader. [volume] ([Cleveland, Ohio]) 1865-1873, 1865-10-13
LETTER FROM NEW YORK.
Political PrOspecfs-The Nevada Sill
yer Mines.
[From an Occasional Correspondent ]

From an Occasional Correspondent
NEW YORK, CITY, October 10, 1865.
EDITORS LEADER ER:-Politically there's
nothing of interest transpiring hereabouts.
There's very little excitement attending
the campaign and every one seems to
look for the easy success of the ticket head
ed by the gallant Barlow.
The unfortunate general, Mr.. Slocum,
appears occasionally at different points in
the State, leaning upon the breasts of Mr..
Peter Cagger ann Mr.. Horatio Seymour,
and making very harmless and very point
less speeches. To his credit be it said that
he appears sincerely ashamed of his com
pany and position, and is unable to look a
returned soldier in the face He is more
to be pitied than any other man in the
State.
The financial speciality of New York to-
day is the investment of Wall street capi-
tai in the laudablc and (the Wall street
motive) very lucrative enterprise of de-
veloping the silver mines Of Nevada
Eastern capitalists are just waking up to
the unequalled inducements of the Silver
State, and are responding with character
istic energy. 1t is estimated that in six
months ending with the coming December
not less than ten millions of New York
capital alone will have been invested in
silver ledges and quartz mills. The most
of this goes to the Ruso River district as
being the richest in ore and the most ad-
vantagious in every way.
Boston, the Hub is looking after her in
terests in the same direction and several
strong companies have been formed there
for the purpose of the actual miuing of sill
ver-not to speculate in worthless claims.
That there is imense wealth in the noun
tains of Nevada no one can now doubt,
and only the key of capital is needed to
unlock the granite storehouse. 1t must be
remembered that silver mining is not like
the mining of gold in the early days of
California, when only pick, shovel and pan
were needed as machinery" and each |
miner was his own employer
In extracting the silver from the Neva-
da ores, quartz mills, costing from $20,- |
900 to $4,000, are indispensable--hence
the need of capital to develope this exhaust
less source of wealth -ssea
That the capital invested in these opera
tions will make larger return than any
other legitimate business is susceptible of
proof by figures, and this without one-half
the risk that attends almost every paying
here. The large investments of
the cautious "heavy men, here is evidence
that they are satisfied. The past actual
results of the mining of silver about Vir-
ginia City makc'upa a showing that would
seem fabulous were it not for the very pal
pable character of the silver bricks that
back up the statement. The Gould and
Curry mine, whose shafts and galleries
the earth under the entire city
of Virginia, has, i'll four years, added fif-
teen millions oftreasure to she wealth of
the country. This fer one mine.
The capitalists of the middle and west
ern States seem to have overlooked this
opportunity for investment. Even slug
yish English capital is reaping the reward
Of western discovery. Seeeral heavy firms
Of Bristol and Liverpool have their agents
in Nevada, are erecting mills of large ca
pacity and are already reaping large re-
turns.
Our young sister, Nevada, stepped so
quietly into the family circle during the
.hroes of the great war, that thousands are
yet unaware that she is a legitimate MEM
Der of the household. But She will soon
make herself felt for capital is fast learn
ing that Nevada can and will confer sill
yer fortunes upon all who aid in bringing
ler to the light.
William C. Bryant & Co. have pub
ished thick pamphlet of extracts from
reports, correspondence &c, entitled the
Silver Mines of Nevada" 1t is for sale
by d. Van Nostfand & Co., New York,
It fifty cents, and should be read by all
who are interested in the development
,f our western mining regions. 1t shows
Nevada TO be u giant in chains and wait
ng for the iberator-eastern capital.
Yours OHIO