The union Democrat., 1871-01-28


For several years system of misrepresen-
tation, if not swindling, has been practiced by
spectators on capitalists in the Eastern
States and Europe, by selling to them worth
less California mines, that had been developed
sufficiently to show that they were of no ac-
count, or those upon which little or no work
had been done. II has been the exception
when q good paying mine has been put upon
a market away from home, such mines have
always attracted the capitalists Of our own
State and there was no necessity of going
abroad to find out that they were rich. This
system has brought our mines into disrepute,
and as q natural consequence has had dis
astrous effect on onr mining interests. There
is no reason why there should not be ample
capital attracted here to assist in opening cut
our great riches. No other country in the
world possesses richer lodges containing pre-
cious metals than California. BY devising
some means that will impart confidence, and
give correct information in relation to mines
that are offered to foreign capitalists, the
mining interests of our State can be vastly
benefited and improved. For this purpose
Convention has been called to meet in Sa-
cramento on Monday next to which the lead
ing miners and capitalists are invited to at
tend end organize a SINNERS Protective
Union" through which all persons desiring to
invest in mining property can obtain relia-
BILE information. The establishment of some
thing for the protection of miners and good
mines, against the Vaccinations of innumer-
able swindlers, that have duped and cheated
unsuspecting parties by lying representa-
tions, is absolutely necessary: not onlyminers,
but every business man is interested in hav-
ing such regulation as will restore confidence
abroad in the value of our mineral resources
We earnestly hope that the call issued by the
Vice Consul of France will be generally re-
spouded to, if it is, there will, no doubt ad-
yantageous results to our mineral interests
follow. The following is the call for the
Convention.
SACRAMENTO, Jan. II, 1871.
The undersigned, having been duly author
lied by number of leading English and
French capitalists to investigate and report
in his official capacity, toe standing and re-
sources of mining companies in California
and other Pacific States; also, to devise some
plan to check the sale of bogus mines abroad
and thus to protect foreign interests, while
promoting at the same time the interests of
bona fide and legitimate mining enterprises,
respectfully invites the leading miners and
capitalists of this and neigh boring States, and
generally all those who have al heart the pre-
servation of the good faith of this country,
the restoration of its credit abroad. and final
~ the aiding of the developments of its resour-
ces, to attend the Miners Convention. which
is to be held on Monday, January 30th, in
the city of Sacramento, when the most im-
portent measures will be proposed and adopt
ed TO organize Miners Protective Union.
The object of this institution shall be to ex-
clude from foreign as well as from home mar
kets all the accumulated worthless and bogus
mining stock; to restore the American, more
the Californian, credit abroad,
by offering to foreign capitalists DESTROYS of
investing in mining enterprises reliable
channel through which they will obtain
most safe and profitable investment.
In consequence of the disastrous effect of
the European war, which has considerably
depressed most of the leading securities
abroad, while large amounts of money on de-
post at English banks draw only one and
half to two per cent, per annum, snch an in
stitution as proposed will fully satisfy foreign
capitalists and bring to the Pacific States an
immense amount of capital. so greatly need
ed for the development of their undeveloped
resources. j. BERToN,
Vice-Consul of France.