The White Pine news. [volume] (Treasure City, Nev.) 1868-1906, 1870-07-13


A GREAT FALLING oFF.-From IN ex-
animation of the city property ASSESS
ments last year, and the deductions
which taxpayers now insist upon TO
bring the appraisements down to what
they consider the actual value of their
property, we fear that both the city
fathers, and many who have only taken
n superficial view Of the discrepancies
have greatly overated tho available re-
sources of the tax-roll. The real and
personal property last year produced a
Weld of between $4,000 and $4,000.
Mr.. Lewis, the Assessor, nov finds that
the best property in tho city has depre-
ciated about two-thirds in value, and
that the owners are willing to swear their
assessments in at this great decrease.
This being the case, the city can not
count on a revenue from these sources
this year of more than $4,000 in tho ag-
gregate-or one-half the figure conf
IDENTIFY anticipated by some of our public
men. Il Is useless TO try to mask the
stern reality. The entire revenue will
not begin to run the wheels Of local gov
eminent, and the pressure Of debt from
previous lavish administration, is a bur-
then that leaves but a very small margin
for current expenses. And Hamilton is
not alone in her misery. Shermantown
is a little better of, thanks to her mod
esty in not aspiring to metropolitan airs
before her clouts had got dry. Trea-
sure is in a more woful condition than
Hamilton, and Hamilton has reached the
end of her tether. There may be a way
out of this heavy embarrassment. If we
could count upon prosperity aud a large
population from this time forth, the
burthen might be carried. But if things
continue as they are, We are too feeble
an Atlas to bear without breaking, this
world Of financial pressure upon our
already overtaxed back. Disincorpora-
ton seems TO be an impossible remedy.
We can not do this until we secure our
liabilities to the satisfaction Of the credi-
tors and the County Commissioners. If
We were to close up municipal shop to-
day, what assets have we TO meet an out
standing indebtedness Of $50, 0002 We
have the City Hall, an extensive fire ma
chinery, an engine house, and a lot of
street assessment dues not worth the
paper they are written on. Could We
realize $40, 900 on the entire caboodle7
Possibly. Who then would guarantee
the balance? Tho question has never
been brought to a practical test; but it is
q principle of law that the individuals Of
communities are liable for public debts,
the same rs partnerships. There may
possibly be a chance to test this recon-
dite question of law in White Pine. 1t
is certain that relief must come from
some source, and that before another
Q How would IL DO for the three
towns-which, after all, are The county
10 throw their liabilities and assets into a
general pot, and to require the next Leg
islature TO fund the entire amount as n
county debt; and thereafter let a Board
Of Commissioners manage the entire af-
fairs1 We throw this out as a feeler. 1t
may bring other and better suggestions
to the surface. In the meantime, there
is no denying the fact that we are a very
badly : strapped body corporate. What
n healthy community We would be, II in
Mexico, TO place under forced contribu-
toni
The EUREKA CONSOLIDATED COMPANY.
The negotiations going on for some
time, TO consolidate a large amount Of
mining property and the Duel Furnace
into one company at Eureka have been
finally accomplished, and the company
now exists under tho above title. The
consideration for the property was $780,
600. and the principal cash required was
TO purchase the Buckeye mine;-the
furnace and another mine having been
appraised and included at their value in
the sum total. The Cornish boys, who
owned the Buckeye, took their departure
for San Francisco as loon as the money
was pnid over. so that but very little of
II had a chance TO get into circulation.
The Eureka Consolidated will run two
furnaces-their own and one leased.
We are told that the ore of these mines
il so easily extracted that three men
have been sufficient 10 keep the Buel
furnace supplied. II this Is the case.
the wealth Of tho principal mines of the
district will 60 into q very few hands,
and the general business OF the locality
will be but little benefited by their de-
yelopment. As n rule, camps are more
generally prosperous where the mines
only pay moderately, and require n lib
eral proportion of labor TO n paying
amount Of yield. This is one of the
best features Of the mines of White
Pine. They will pay the owners to
work them, and they will require n large
amount of work to make them pay.
The Eureka Consolidated company is
now composed Of ID. Il. Buel, l. Bate
man, VIM. M. Lent, George Heart, VIM.
Thompson, Gen. G. s. Dodge and Major
Conley-all well known here and In San
Francisco.
AN IMPORTANT CHANGE IN STAGE TIME.
We knew that Len Wines had some
stage necromancy in view when he 80
suddenly dropped on Hamilton day be-
fore yesterday. Our surmise about poll
tics don't begin to cover tho ground. 1t
seems that he found out that his stage
drivers had been 'loafing' on him, and
even went as far as to sleep about half
the way between here and Elko. lie
caught them mapping this trip, and is
determined to wake EN- up. On and
after Thursday, his stages will arrive
here at noon, instead of 2 pm, and
leave Wells, Fargo & Co. s at 2 pm. in
stead of noon. This will give our peo-
pie a chance to answer letters immedi-
ately on their arrival. The change in
time Of departure and arrival involves a
rate Of speed between here and Elko not
heretofore dreamed of. The timetable
for the downward trip is II hours, and
Tor the upward 1871 1t was 10 and 81
heretofore; but Len concluded the boys
OF the whip were having too easy a time,
and is o putting them to their PAGES.