Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1869-03-17
THE PAST, THE PRESENT, AND TIE
FUTURE.

been laid IN 10 supply NV sout"S w
mand. We can offer u Ea stern cas;
tomors q fine assortment, embracing
every variety in the share line, from the
modest capital stock Of five hundred
thousand, based upon q single boulder,
up to four and FIVE million companies,
Boosting possession Of the coveted
chlorides. We must be poor statesmen,
indeed, If we cannot run off forty or
fifty millions to the trade, before it is
necessary to lay in the fall supply. No
danger of our running short of stock,
for the mandatory is at work night
and day, turning out fresh and prime
articles, expressly for this market. 10
date, not more than two hundred COM
panies have been organized, while The
records, up to the latest accounts, show
over three thousand locations made,
and every location is good, at q pinch,
for o million Of capital stock Mt least
If anything metallifcrous escapes the
microscopic search of the White Pine
prospectors by the time the Chicago and
st. Louis rush sets in, the newcomer
will be welcome to it. Our folks have
located oil the chlorides, six stories
deep-all the silver glance, all the sui
phurets-all the argentiferous galen"-
all the bromidcs and ruby-all tho mr.
seniates and the other-ides md ates
they have occupied oil the town lots
and the mill sites, and the timber, ana
tho water privileges-hovc pre-empteo
| ali the tillable land-tolled all the
roads, secured all tho franchises-in
fact, made themselves generally uscfu'
| and enormously rich. But they arc
not greedy-they arc disposed to give
| the ~slow-coaches from the East d
chance, and so they arc open to n pro
position.
1t is q comfort to know that nearly
| all these Monte Christos arc San Fran
ciscans, for every million they realize
| will be brought here, and here they
will spend or invest it in advancing tut
| city-in constructing long lines O
splendid warehousos-wholc blocks Of
beautiful rcsidenccs-in opening new
streets, cutting down old hills, build.
ing substantial wharves-flling ur
water-lots and covering them with cost
ly structures. They will establish OF
foster useful Misunderstanding build
needed rsilroads-bring into market
neglected farming landS-risk some
thing;in the s~ilk-culture, in vinc-grow.
ing, something in olivc-planting, in co.
ton-raising-in all the many enterprises
that, now so promising, need but Il
little daring in capitalists to cvcntuate
in a splendid success.
Our people have had their experience
in uutried mines during the Washoc cx'
element. At that time they went
nearly wild, and all classes Of society,
from the capitalist with his millions tc
the chambermaid and the drayman
with their scant savings, invested in
mining stocks. Prudent, and even sus-
picious men, who in their ordinary avo'
cations would not buy IN article unless
they first inspected it, to SEQ it it came
up to sample, who would not touch n
piece of real estate until the title was
critically searched, recklessly paid over
thousands on the representation of mel
they had never seen before, or the GER
tiGcates Of parties of whom they had
never heard. They opened their eyes
slowly. At first, mines were sold on
samples, and owners went about loaded
down with specimens Of wonderful
richness, tho bare exhibition Of which
was enough TO satisfy the purchaser
Then camc the era OF selling by assay:
assays properly authenticated by
respectable establishments, that reveal
cd all the way from $500 to $1,000 tc
the ton. This style had q good run,
but in timo its scductions failed. Then
followed the harycst-time Of the ex'
perts, who were sent over to examine
and report upon the offered claims,
By Il strange fatality their heads seemed
to be turned rs soon rs they reached
the silver region, for with IL accord
they pronounced the mines rich, and
| produced figures to show that there
| was enough orc Sin sight " to pay tho
| price demanded n dozen times over
These experts were hopeful fellows.
But even their reports lost %convinc'
ing influence after n few examples o.
mistakes were brought to light. Re-
! course was finally had to working tests
and no purchaser would be satisfied I'M
less ho could see two or throc tons OIL
orc worked in q mill, and could handle
tho amalgam and have it retorted by II
metallurgist of his own. But it was
found that even this process was liable
to accidents, when an owner was bent
on selling-for cases occurred IN which
tho ore treated was taken by mistake
from q wrong mine, or the operator acct
dentally dropped n handful Of silver
dollars into tho pans, and was too much
of u prince to mako n fuss about recover.
ing them, or, more commonly, the mer'
curry employed in tho process by u
strange oversight Of tho Quicksilver
Company in preparing it for market, was
found to DO half saturated with gold or
silver as the case might bo. These expo.
dients to ascertain the true valuo OF n
mine having SUCCESSFULLY fallen into
disfayor with the sharp San Franciscans,
they came TO rely at last only on the nc.
tual bullion product Of the mino, and
tho resulting dividends declared. But
even hero misfortune occasionally mot
them, for the Trustees Of q company,
anxious not to disappoint the just ex.
p~cctations of their stockholders, and
filled with concern ut the idea Of do
pressing their stock, weuld borrow
money, whom the yield fell short, in
order to exc out the accustomed
dividend. But all this experience is
ours-we paid for it, and the Chicago
folks will have to 60 through it and pay
for it, in their turn. We arc not obliged
to furnish Thorn with mines and ex-
pericnce too. If only ono in ten of
their White Pine purchases proves q
valuable mine, they will get their money
back, oven though individuals suffer.
If they only steer clear Of tho very
widest cats, their ventures will prove
sufficiently encouraging to keep up II
lively trade in mines late into the sea.
son. After that, White Pine must rely
upon hard work, as Washoe does now,
for its reputation and its profits.
. MinlInnf