Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1867-04-23
SPECULATION IN MINES.

E
Mr.. EDrroR:-Perhaps no time in the
period Of two years have such opportu-
mites offered for speculation in mining
stocks as at the present. Only two
months ago; With the exception of a few
of our leading mines, stocks were
'"dead;" and even in these, day after
day the Geographic reports from the
San Francisco'Stock Exchange, showed
q declining tendency. To speak to a
capitalist of buying stocks was consid-
cred IN objectionable sin, and one was
truly lucky if the impression gained was
not that the intention Of the party max
ing such a proposition was to swindle.l
But what a change has come over the
the spirit Of speculation in Virginia
ethyl You can pass along G street at
almost any hour from ten in the MORN
ing till sunset, and you will see knots of
men here and there, and if you will but
saunter slowly, you will hear the inqui-
ries from n to the other: "What's
good to buy?" "How's Jacket r'
"When will the 0phir be in to the lode
or the ninth station 2" and not unfre-
.qusntly will You hear a number of the
men who are engaged in working the
mines discussing the merits Of the diff
ferent Superintendents evidently salts
flying each other of the cause that this
mine or that does not pay dividends
and why assessments are levied. This
class of men are generally the main sup
porterS of stocks when they are at low.
ebb; and under the recent advance
many of them have realized handsomely.
But what has all this to do with the
real intrinsic merits Of the D mines2
Nothing-and the great trouble 10 that
nothing can be said unless it be favora-
BILE. The mining interest is the life's
blood Of the State, and more especially
of Storey county; and although a news
reporter is fully aware that fraud is
being practiced upon innocent share
holders, what newspaper desires to Gre
ate enemies by the publication? II it
does, it is sure to have withdrawn from
it the patronage bestowed by the mine
it speaks u%nfavorably of, no matter how
true may be the statements set forth.
decidedly personal, or chollaric, put
to-see. -ScHIMNERHoRS. Some n
says: I believe Shakspeare)-"You take
from me my house when you do take
from me the prop that doth sustain it,"
| believe that's the quotation, or some
thing heal it any how. Hence it is that
we seldom see anything but favorable
reports and prospects of mines. firm
ly believe for one, that if some journal
published in Storey county were to en-
ploy some one thoroughly conversant
with the financial condition Of the mines
and having u liberal share Of mining
knowledge, so that he might from day
to day report the progress of such mines
as he had examined, and make truthful
and unbiased reports, but a short time
would elapse before it would work ad-
vantageously to both parties. 1t might
for q time have the effect Of creating
some "sore heads" but in the end,
would be productive of good results. A
we'll written article on mining would
certainly be received with better taste,
and be The means of improving the
mind of the reader more than-''the
roads are in a very bad condition."
"one of Charley Van Gorder's teams got
stuck in the mud on the Divide to-day;
but after the teamster swearing awhile,
they got out all right again"
Probably | had better stop now, as l
may incur the wrath of your %'slocal;"
but Brier is q pretty good fellow, and is
always around when anything is going
on. PAR