The Idaho world. [volume] (Idaho City, Idaho Territory) 1864-1918, 1865-12-02
COMMERCIAL ANDMoNETARY.

whence its vitality is derived. Idaho City is Inc
exception to this rule well established in the his
tory of all mining countries. The elasticity with
which the town survived and recovered from the
effects of severe and protracted winter, dsas-
trous confa grafton and other lesser misfortunes,
following in their train. are additional evidence
of the above assertion. Thanks to the energy
and enterprise of our miners, the mines have yield
ed abundantly during the Summer, and show no
signs of any impending exhaustion the predic-
tons of all croakers to the contrary notwithstand
ing. Hence it is easy to explain the sympathetic
relations existing between the miners and the
business community of a mining town. In pre-
vious number of this paper these relations have
been more largely dwelled upon, and the hope then
expressed as to prosperous Fall and Summer sea-
son for all branches of business, has to great
extent been realized.
Mining, which for the past four menths has been
mainly confined to the creek diggings, has, as a
general thing, literally rewarded the operatives
therein employed the beneficial effects of which
and the community at large. With the appro ach
of Fall perceptible change for the better occurs
red in the status of the market and one noticeable
feature was reaction in the deman and prices
of goods, which for some months previous had
been inactive and stagnant in the extreme. The
surplus of merchandise, with which the town was
crowded in the early part OF Summer, having sud-
denly and unexpectedly become exha listed, the
increased demand for goods impaired buoyancy
to trade. which inspired everything with new Wig
or The prices of all kinds OF merchandise as
suddenly advanced, became firm and have re-
manned SO SINCE
Upon investigation however, the old commercial
maxim demonstrates itself, that the more remote
a place is from the source, whence it draws its
supplies the more certain is the trader sooner or
later to dispose OF his wares to good advantage /;
no matter how large the supply on hand may at
any time be.
The nportations of stocks for the fall and winter
trade have been considerable and are fully up to
the standard of any previous year. Numerous
proof brick buildings have been erected III
the town for the better protection of goods from
the accident Of FIRE, which alone is significant and
a sign of continued confidence III the stability OF
the town. and the permanence Of our mines.
Large quantities OF 1relghtar reported as yet to
arrive, and are being delayed by the late storms.
Those who profess to be judges and prophets OF
the weather, predict a short and open Winter,
enabling the miner to employ most of his time in
the pursuit Of his aVocatiops.I Ef
| Frelghts havesteadily advanced in Umatilla and
late advices inform US that packers are demanding
lI7@I8 cents payable in CON-.
| 1t is rumored that at an early day meeting OF
the most influential men among the merchants and
miners, will be held for the purpose of deliberat-
ing the propriety of attempting to introduce a
coin currency, and Of reducing the price Of dust
to something near its actual value. 1t is said that
1.-THE attempt has heretofore twice been made, but
was met with such determined hostility on the
part OF the miners, thatit was abandoned. 1t is
difficult to explain why such should have been the
case; and it appears reasonable to suppose that
their opposition to the attempted movementwould
be easily overcome, if the subject could be brought
before them in its proper light land if mutual de-
alterations in aaSieadly spirit could be had.
Any one wiliNdmit, thatan article which is now
being sold at say one dollar in gold dust, would be
equally as cheap fit could be bought for 50 or 90
cents in coin. The proposed change would really
be benefit to the purchaser and would obyiate
the loss now sustained by all parties in weighing
! small quantities Of dust. Oar miners could then
/ have their gold melted into bars and assayed
land the large proportion ofsver contained in the
Egold of this region would render them desirable
Efor export. They would be sought for by bank
ers, who would soon I'll the market with the only
proper currency of gold producing country, viz
hard money.
The only obstacle req BY in the way Of the pro-
posed change, is the fact, that the gold is of more
or less value, according to the locality where
found. With proper determination this objection
might also be overcome. Government, at the
Eearnest solicitation OF the Inhabitants OF the Ier
lritory. and at proper representation OF the ex
Etentsand value OF our quartz and placer MINES
/ might be prevailed upon to establish an U. s. AS
say Office In our midst. Congress has granted z
mint to Oregon and Nevada, and the productions
of the precious metals in each of these States vii
kappear but limited when compared with Tie ex
pected future brilliant yield OF the mines OF Idaho
Territory.
n In this respect the U. S. Government might takt
Ia lesson from that of Mexico. which affords every
facility to the miner to ascertain the true value
its precious minerals. MINIS are established II
lnearlv all the gold and silver producing States
- 4 ba III ri iS