Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1865-10-17
SAN FRAScIsco,T Oct. l7-2 p. N.
Forcnoon Stock Transactions.
Our En9li,b Gue,,,,

A couple of gentleman are now seeing
the sights along the Ohio and Allegheny
rivers, followed by q number of newspa-
per reporters. They came from England
to look at the u Of the "Great
West" as it is called, and seem to have a
fine time, dancing, making speeches and
looking around the oil-wells. Their new
railroad, the, Atlantic and Great Western,
is q marvellous succesS-particularly when
we remember that it was built by English
capital in the height of the American war.
AS evidence of English confidence in the
future of the United States-something
very unusual, and therefore sweet and
grateful-this railroad is a profitable illus
tration. 1t is with pride that we escort
these gentlemen from town to town, and
show them the marvellous development
of prosperity and enterprise which not
even war could stop. The madness of
petroleum has died away, and what was
recently a mania, like the tulip or the
mulberry, has settled into q steady, pro-
ductiye business. There are wonders to
be seen by the barren and rugged banks
of these greasy Pennsylvania streams.
Lands that ten years ago were considered
scarcely worth their taxes, are now sold
for thousands of dollars per acre. There
are spots on Oil Creek that would com-
mand as large q price as any part Of
Broadway. Large towns spring up in a
single month ard no part Of the country
shows more evidence of Yankee thrift and
skill than this valley of the Allegheny.
| Eo.Nlnpnao ,.yln ho,,n haop n,,ofN,, I'd fn
moss, and ivy, and castles centuries old.
and the calm, precise methods of slow and
sure England, will certainly look with
wonder upon petroleum's doings in Amer
lea. Our sober truth has surpassed the
gorgeous fables of the Arabian Nights.
1t is not merely to see sights, and make
speeches, and climb slippery ladders to
look into immense oil-tanks, that Sir Nor
ton Peto and his friends are in America.
They represent vast English interests, and
have succeeded so well with their Atlantic
and Great Western Railroad that they
will probably repeat the investment, and
go home and tell other rich men the o
ders they have seen. England is 30 rich,
and the American war, with all its pa
raded distresses," has thrown SO much
money into that country, that its holders
are a~nxiously looking for the investments
that will pay best. America has been
first in their minds, by reason Of our
noisy war; and that interest must be in
creased and strengthened by u success
which bellies all their an~ticipations. When
men find themselves false prophets, they
speedily form an immense respect for the
power that overthrow their prophecies ;
and America commands all possible re-
spect in England. Every indication points
to a great flow of English capital hither.
ward. Petroleum in Pennsylvania, gold
and silver in the Rocky Mountain regions,
the rich but now Frustrated and impover-
ished South, are special attractions, not to
speak of iron and coal and lead, the min
erals that underlie millions of acres, and
the fruits that grow upon them. Our Pa
cifc railroads are peculiarly inviting to
moneyed men. 1t is the purpose of the
British Government to open q path to the
Pacific Ocean. Let these gentlemen find
one. They must see that their Atlantic
and Great Western, rich as it is now, will
become far more valuable when its freight
trains are burdensd with the teas of China
and the spices of occidental nations. Eng
land has long desired a road to the Pacific,
and her engineers have time and again en-
deavored to find a way through British
America. The favorite scheme has been
to continue the Grand Trunk Railway to
Lake Superior, and thence by way Of
rivers and the lakes and branch roads to
Puget Sound.-Ne~ York Tribune, Sep
TENDER 10TH.