The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1870-12-17

rising to the height of magnanimity that will
offer her true friendship and lasting peace.
United Germany, including the Austro- Ger
manic proxinces, will not then have q new
Poland of forty millions on the west to reach
unseen hands across to the old, disrupted, and
partjtioned Poland of the east.
In this safer attitude the German empire
will represent progress rather than reaction,
and peace rather than war. France, cured of
her follies and of her restless ambition, will
be made a sincere ally, and not an implacable
foe. Her great reverse will be the germ of
her still greater future glory, and, receiving
and imparting strength, by their more inti-
mate conjunction, two peoples already kin
Gfred in blood aud tradition since the days
when the feur de us was made the device of
the princes who came up from the marshes
of the Rhine and afterwards established the
Frankish dominion, may have reason to bless
the hour when, injustice repelled and usur-
patton overthrown, their mutual welfare be-
came the charge of the Emperor William.
DELUsIvE PROSPERITY.
From the NJ Y. Times.
San Francisco Journalist bewail the lack of
enterprise in their city and the lack of pros
perity in their State. The city has ample
banking capital as compared with Chicago
and other cities east of the Mississippi, but
transacts, relatively, much less business.
The State, with almost boundless resources,
suffers in every direction from the absence
of development. Vast areas of desirable land
are unoccupied and untitled Mining enter
prises have not, as a rule, fulfilled expecta-
tions; there have been more blanks than
prizes-more losses than profits. The people
of State which obtains genuine money by
mere digging pay from ten to twenty-four per
cent. annually for its use. In a word, there
are stegnation and depression where activity
and prosperity might be expected to abound.
The El Dorado of the Union is really among
the poorest and least progressive of its men,
bers. ..
For this condition of things the people of
California may thank only themselves They
have driven off the capital and enterprise of
which they now confess their need. Their
refusal to avail themselves of the legal-ten-
der currency was blunder whose ill effects
have long been apparent. Their own mo-
neyed men came East to take advantage of
the premium on gold accumulations; and
Eastern capitalists refused to employ their
means in State which did its utmost to ex-
clude greenbacks from circulation. Desira-
BILE citizens were thus driven away; the as
sistance now earnestly invoked has been by
this policy systematically repelled. The re-
suit is conspicuous in the dullness, the want
of business faith and spirit, the indifference
to great mercantile and industrial opportuni-
ties which exhibit San Francisco in uufa-
vorable contrast to other cities, and in the
slow growth of population, the paucity of
manufactures, and the neglect of magni6-
cent natural resources in all parts of the
State.
Land monopolies have had something to
do with the tardy progress of settlement and
agriculture. The best lands are in the hands
of companies and spectators, who hold them
at prices above their value, and retard the
improvements which are essential to the oon
tentment of any population worth having
The State does not grow, simply because il
has been rendered unattractive. Minnesota
with not 1.-THE of the natural advantage:
possessed by California, has prospered inf
nitely more, for reasons that are apparent
In the one case reliance is placed upor
natures bounty, and thrift and persistent
hard work are at discount. In the other
energy and enterprise have been at pre-
MUM from the first, and a marvellous ad
vance in population and wealth are the i'm
mediate results.
In the next place, California illustrates
anew the general unproftableness of mining
enterprises, where the precious metals are
concerned. Mining was we'll enough wheI
gold was to be had by digging and panning
though even then the lucky ones we're onl.
in the work. But mining in organized forms
with costly machinery, and under skilled an
scientific direction, is quite different affair
Only careful management and great goo
fortune can render it profitable. The Mari
posa estate has never yielded common inte
rest on its cost, and there are scores of gol
mines in California and Nevada of whic
the same story may be told. Every ounc
of the precious metal obtained in these iI
stances costs many times its value. OF course
there are gold and silver properties whic
| hava Maid THAR ownara naOniirantlv br
they are exceptional both in their richnes
and their management. Distant capitalist
, cannot be blamed if they listen incredulousl
, to tales of mineral riches, and prefer to il
, vest their money in enterprises of MOI
certain character.
, 4he prevailing distrust is, however, Just
fed by unpleasant experiences of anoth,
sort. Gold and silver mines are doubtful il
, vestments under the most favorable auspice
, What shall be said of them when considere
in connection with the barefaced frauds
I which they have often been the pretext
. California, Colorado, Nevada, Montan
, Idaho-all suffer from the rascality that h
been perpetrated under the pretense of sci
ing valuable mining claims. The Easter
States and England have been alike vi
; timized. Millions Of dollars have been a
! stracted from this city alone by scoundre
/ who succeeded in persuading capitalist
! | large and nall, that fortunes were hidd(
! In gold and silver mines. Half dozen yea
ago, the number of Colorado gold minir
l companies organized in New York was legio
and nearly all of them are now remember
{ as swindles Of the first water. Nevada can
. next into the market, and left similar il
! preston. The Californians cannot wonder
prudent Eastern people prefer to keep the
. money nearer home.