Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1865-06-13
OPERATIONS OF moNoPoLIsrs.

The price of mining stocks keeps down.
The rate Of interest keeps up. The times
hard, but our mines continue to yield
abundantly. The condition of things on
this coast looks as though the financial
affairs of our people were under the coz
troll of evil men. One thing is certain,
and that is, our financial affairs are con-
trolled by a few men. Whether their
management of the means they possess is
influenced BY regard for the good of the
people or dictated only by selfish motives,
the condition Of affairs plainly tells. A
few rich men direct all the great financial
movements Of this coast, and especially OF
our State, BY united and concerted action.
They conspire together, and by all the
powerful means at their command run
stocks to their highest figures, and then
sell all they can. They are famous for
selling at high prices. Times are lively
then, and outside parties can always OBJ
tain loans on mining stocks from these
same men. There is where they then
choose to loan, and few hundred dollars
secured bv stocks valued at almost as
many thousands, give them the prospect
of rich harvest, for when their loans are
made they suddenly are TRANSPORTED from
bulls" to "bears," and down stocks go
with rush. Mining stocks are then no
longer good security. Those who have
pledged theirs can neither obtain time or
a new loan, and have either to let their
stock 60 to Shylock or throw it on the
glutted market to realize perhaps few
dollars per share more than will pay the
incumbrance on it. Thus men Of small
means are made poor and Shylock and
Rothschild grow richer. These are the
plays performed with the Washoe puppets.
But they do not stop here. There are
other things which in their hands may be
made to perform quite as astonishing feats.
The California Steam Navigation Com
pany is rich corporation, and its
managers do not hesitate to run into,
sink. or destroy any steamer which may
attempt to carry on an opposition trade
i, reasonable prices. The controlling in
terest in that eompany's stock is said TO
be owned by the same men who make
such puppets Of Washoe mining stocks.
Into their pockets go the rich proceeds Of
exorbitant rates. 10 the self-same men
do the people owe the high price Of bread
s,uffs. 1t was the monopolists who sent
runners ahead of the steamer Esmeralda
to buy all the small quantity of wood
there is on either side of the river Colora-
do, or bride the owners Of the article not
TO sell to the steamer, that a new route
might not be opened which would take
trade from, or diminish the profits Of the
companies under their con-
troll. While the country IS so much IN
der the control of monopclists it never
will have healthy prosperity. Individ-
ual aggrandizemens and public prosperity
never will go hand in hand. Some means
must be devised to destroy the power Of
monopolists. The character of the bust
ness of this coast is such that they will
ever have great power to ipjure unless un-
usual precautions are taken against them.
When By their operations the price Of our
bread is doubled. the cost Of travelling is
twice that charged By parties not under
their control, and the value Of our prop
er,y sinks to insignificant figures, and the
heel of their oppression becomes too heavy
to be quietly borne.