Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1871-07-10
GdA
From The San F~rsncisco Alta. July Gu

from the San Francisco Alta, July sth.l
Australia sends to our next Fair q
gilded pyramid, representing the an
nual gold product Of one Of Its great
mining districts. II Is 81 base and 2
feet high, representing ~ millions Of
dollars.
This suggests a pyramid to represent
the tweuty-six millions Of gold yearly
produced In California. There IS an
impression abroad that gold mining
don't pay and that as to business IL Is
extra hazardous; o species Of gam
bling. The Press Of our city has done
. great deal to give 1t this character !;
perhaps not by direct attack, but Incl.
dentally, In writing up the farming
and land specializing interests. 1t Is
wonderful how generally land specula-
tors aud the Press have got tho idea
that the best way to help spectators
In town lots and wild lands Is to run
down mining as an investment. We
are beginning to see the insanity Of
this. The effect Is plainly d%iscernable.
We have inflated lots and lands to our
own destruction. The reyulsion proves
that as investment, they are subject to
quite as much risk as they have charged
to mining. Now, we make bold to say
that, If gold mining were as we'll un-
derstood by the public rs specializing
In lots and lands, 1t would appear that
our best-paylng investments are wi
gold mines; and that prudent men,
who look before they leap, and who 60
into mining with competent capital.
and reasonable economy, seldom fail
to make dividends as regularly as any
other business. Indeed, very few In
dustries pay so large returns. Clrcum-
stances are not favorable to manufac-
lures. We have double the number Of
shops that can earn subsistence. Farm
ing Is yet to be tried. Ranching Is not
farming. A city like San Francisco
cannot be sustained In Its present val
uatlons, without increased develop
ment Of the great speciality we possess
on this coast above all the rest Of the
Union. All the world produces wheat,
and We feel Its terrible fluctuations
from the weather and from capricious
markets. These are risks exceeding
those Of gold mining.
It has come to pass that we have run
speculation In tho ground, from which
1t has no Inherent power Of redemp-
ton. W. must quilt speculation and
20 to work for a while. What have
we to do that will pay and give EN-
ployment to keep with Us tho popula-
ton that Is now nearly half idllng
around, If we do not 60 to mining?
Ask every man, woman and child what
Is your greatest desire? Tho answer
Is, gold! Every tongue proclalms IL.
Have we gold for all? Assuredly.
Then, what hinders US from picking It
up? Nothing in the world, but fair
showing Of what gold Is being yearly
picked up by those who r mining.
How steady Is the business; can be
shown by the steady production:
Nothing can give a fair conception OF
the success Of gold mining equal to the
exhibition Of a column representing
$40, 00O, 900 Of gold produced, year By
year, with the steadiness almost OF
clock-work. Let men talk 1t down, as
their supposed Interest prompts ; all
talk goes for naught before such a
pyramid Of solid demonstration. IL Is
Q sight which memory never a for
get; an argument that needs no Ell
forcement. Let US have the golden
pyramid!
"The universal idol, Gold!
In homage each unites;
Without . temple He's adored,
And he has no hypocritesr