Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1867-10-26
RRoM EASTERN NEVADA.
New Pass, Oct. 22d, 1867.

y New Pass, Oct. 22d, 1867.
Enron GOLD Hill News 1T has been
my fortope to have closely observed the
development of mines in the eastern
portion Of this State, especially in Lam
der and Nye counties. / have seen, and
unfortunately paid for seeing the first
wild excitement consequent upon the
discovery Of rich silver ore at Austin or,
as then termed, Reese River. The de-
preston following the first excitement
was sufficient to have discouraged any
other people than the euterprising
mining population Of this coast. They
know no such word as "fail." They
soon discovered that there was no Com
stock in Lander or surrounding hills
but mines of altogether different char,
acter. The first great lesson they had
to learn was to work the rock cheaply
and successfully. This, after much time
and heavy expense, has been accom-
plished ; and now a few mon or compa-
mics have struck the right system OF
mining. Two years ago proposed to
men holding Eastern capital, to invest
their money in what | then conceived to
be tho only possible plan for working
successfully and developing the mines
of Lander and surrounding hills. But
"no;" this was when the fever for
building mills was up, aud the develop
ment of mines was not to be thought OF.
This "mill building" like the first ex-
element, passed away, leaving as its
legitimate results a deep depression OF
the mining interests of Lander county.
Most or all of this capital, so foolishly
souandered in the over erection of mills,
was from the Atlantic States. Men to
whom it belonged had been most grossly
deceived by irresponsible parties going
East, having only their personal inter-
est at heart, and caring nothing for
reputation or how much the country
might suffer so they but got the hand
ling of their own ''pile" of the Eastern
capitalists greenbacks. And to n
who really has the interest Of the coun-
try at heart, all this has been discour-
aging. A moro reckless waste Of money
never has been seen in any country. In
many cases the investments have fallen
into the hands of inexperienced men
as miners-who in the East, or at home,
were good business men. But we do
not employ a tailor to build our wagons
nor q blacksmith to make our clocks.
A book-keeper or a teller in q bank may
be very reliable and competent in the
business they are acquainted with, but
are wildly at sea when they come here
to mine or build mills. AS we'll might
Eastern men give their %greenbacks to
the flames, for all the good they will
receive from such foolishly committed
investments. In many cases their
money has fallen into the hands of fast
men !; very fast men with fast horses,
fast cards, billiards, and other fast
things not necessary here to mention.
For all this our country suffers and
capital, at first freely sent here, is now
very reluctantly invested in enterprises
Of u mining character, in the real devel-
opment Of mines.
As stated above, o few men or COM
panies have struck upon the only posi-
BILE plan Of working the numerous but
rich veins, containing untold wealth,
found in the surrounding hills Of Aus
tin. Prominent among these persons is
Major Sherman.
was much pleased on a recent visit
to Austin to find companies carrying
out views that l had suggested to others
two years ago. In company with Capt.
Paine "a very pleasant gentleman-now
in Austin, looking after interests of his
friends in Boston and New York;, Wis
tied Major Sherman's mines, and was
surprised to find how cheaply his vari-
Gus works already constructed and in
progress Of construction, had been done.
It forces the conviction that here is the
right man in the right place.
The Major has started upon the plan
Of making q permanent property for his
owners +; and should his company not
fail him, but hold up his hands in this
his undertaking, l am risking nothing
in prophesying grand results. And in
less than two years, San Francisco OPP
orators will find they have let a magnif-
icent property slip them.
By the way, I can but express aston
ishment to find how blindly lin my
opinion) California operators are acting
toward the eastern portion of this State.
They will wake up to the Importance of
this country when it is too late. New
York, Boston and Philadelphia will have
and control many Of the best mines of
this State, and San Franciscaus will find
themselves cursing luck when it is too
late.
For the benefit of capitalists and 9th
ers, l give you the following figures Of
shipments Of bullion by Wells, Fargo l.
Co. from Austin for tho years 1865, '66
and 81; for which l am indebted to their
very obliging agent, Geo. H. W. Crock
EFT: