Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1866-01-09

practicaIly IN pointI oeSauSe' you h"H'
on investigation under the indicated series
Of questions, that "times =" are reasona-
bly, good, or are not dull for lack of offer
of work at remunerative and promptly
paid wages, you have no propriety in de-
nouncing an exclusive gold and silver
currency as the cause Of all our woe"
(when there is no woe Wy. or the pre-
ventiye of the "liveliest character of pros
perity.
Ii is said that in the eastern portion of
Jul State money is plenty I; and the peo-
pie there are said to be all getting rich,
because greenbacks are there invested in
mining property. There is something
f~anciful in this statement 4; but its enclosed
argumentative substance can be readily
disposed OF. by a little calm reflection.
Capital from the Atlantic States has
flowed into the Reese River country, not
because greenbacks were more acceptable
there than here-for we will all take them
but for the reason that It is possible
there for Eastern capitalists to buy whole
mines, or controlling interests therein, for
a comparatively nominal sun In addi-
ton to this. we should mention the fact
that there have been special efforts there
made to dispose of mining interests to
Eastern men. That section Of country,
moreover, has in this very respect had all
the benefit and advantage Of the western
part OF the State; in that we demon
strated this to be a rich silver ledge
country. by developing lodges; which
once fully breasted-out were worth too
much for ready sale in Eastern markets.
On the strength Of our findings, Reese
River. Humboldt. Nyc, and other COM
para,ively new mineral sections adjacent
to us, have been purchased quickly
though at easy ~prices-by Wall street
brokers and their employers. Consider
furthermore, that gross, often-times sue
cessful attempts to swindle Eastern CAPT.
,alists with sales of Gold Hill and Nir-
| ginia moonshinc claims, have forestalled
and prevented purchases of our home
mines. Consider. also. that Storey county
mining stocks have for two years last past
been the staple Of special speculation
among the San Francisco bulls and bears ;
so placed, so used and not to be taken
from their bid-barter clutches. A mine in
American Flat. to-day. actually and
demonstrably worth 100000, could not
be sold in New York city in a month,
while a $4,000 Lander county mine is
called at once from the auctioneer's or
agents offer. Are not the reasons for this
already told: Is it the Specific Contract
Act that is to blame for this:
1t is said, indeed, by some persons OF
little repute for the wisdom of this or any
other world. that the repeal or nullifca-
ton Of the Specific Contract law will at
once induce capitalists Of the East to in
yes, here that now they will not invest
for the reason that they see they are
shaved 80 per cen,. in their purchases
Do they see any such thing Are they
fools, and blind? Think You so; So
they must be if they see themselves
shaved" under the terms here offered.
This is the most frivolous Of all the cries
against our currency. The capitalist Of
the East understands as well as you or we
do, the exact distinction between paper
and coin currency have practically made
in every transaction where the two are
calculated in exchange. The expectation
that would be nurtured on the ground Of
invited capital on a received paper cur
rency, is fallacious, and not supported or
authorized by the facts Of experience or
the assumed ignorance Of the Eastern in
vesters.
We declare that we are prosperous
communities as we would be with a de-
preciated paper currency in full circula-
ton and our review goes to negatively
show what we think can hereafter be
afirma,iyely and incontrovertibly demon.
strated.