Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1872-05-21
STOCK GAMBLING.
TLe Lessen Of the Hear.

From tho s, r. Chronicle Of Sunday.l
The history Of the last month con-
Guiding with the stock crash Of the last
week should teach q lesson to our com
munity to be Of lasting effect and long
remembered. We might read our hear
ers a long homily OH the sin and de-
morallzation Of gambling, but 1t Is to
the business and not to the moral side
Of the question we would call their at
tention. Mr.. Alvinza Hayward and
John p. Jones n year ago were men
Of modest fortunes, acquired In legit-
innate honest mining. Mr.. Hayward
had passed through all the struggles
incident to an unsuccessful and sue
cesstul mining career. In the Amador
mine he was a toillng worker for many
years, sometimes low In purse and al
most destitute Of credit, but always
hopeful and confident Of success. At
length, In mining p~arlance, "he struck
it,"and became by the working and
final sale Of his mine, a man of solid
Misunderstanding the hundreds of
thousands OF dollars. He deserved his
success, for he had developed to the
world q vast amount Of mineral riches;
he had contributed to the worlds
wealth; he had Furnished labor to the
workers; he bore his prosperity grace
fully, and all rejoiced at his success.
Had his earnings boon confined to the
development Of mines he would have
continued to deserve the thanks Of the
community to whose prosperity he had
contributed. Hayward and Jones be-
came part owners OF the Grown Point
mine, and their energies were directed
to discover a body Of ore on Its lower
levels. Whether they became the own
erS Of the major part Of the stock be-
fore or after the discovery Of rich ore
beds, It Is impossible to say-the acts
are near upon each other and are In
volved In great mystery. Assuming
the honesty Of thoir dealing with their
associate owners they acquired upon
paper vast wealth. Their success In
Crown Point, their name for honora-
bic dealing, their luck. as 1t Is called,
gives value to every mine over which
they obtain control. Not only to
Crown Point, Savage and Caledonia
do they lend the magic influence Of
their names, but to some forty other
mines. us Hayward In it?" Is the
important question; rs Jones Super
intendent ?" us Prltchard Its Pres
ldent ?" and at one 1t takes
a value In tho Board and Is put
on the market. Everybody buys
1.-THE humblest servant-girl and the
wealthiest merchant becomes rabid
with the bite Of Hayward and Jones.
Their hint Is a sure fortune; their con.
fidential advice Is the broad easy road
to certain wealth. 10 be n friend Of
Hayward Is next thing to success; to
know Jones Is better than. to have a
cash capital. 10 be the attorney or
the bootblack of either gentleman Is to
have credit at any bank-except the
Bank Of California, where the hated
Sharon still holds influence. For once
the Bank of California Is not RESPONSE
BILE for the calamity that has over
come the community. Hayward and
Jones are the aminble bulls. Like
Jupiter sporting with the fair Europa,
they induce everybody to mount upon
their backs, and with their precious
cargo Of friends they plunge into the
ocean of speculation. The result Is
before uI In widespread destruction,
In bright expectations unreallzed, In
antlcipations blasted. Who has the
money? Il would be n curious and in
terestlng fact to look down the COL
umns OF stock transfers In the Crown
Point and Savage books TO sec who are
the victims OF misplaced confidence
to look ut the mines as they advanced
from small figures, and see from whom
Hayward and Jones purchased, and
then from large figures down to observe
to whom they sold. When a stock
goes from nine dollars to nineteen hun
bred, somebody makes money If they
sell. When from seven hundred and
fifty dollars a stock declines to two
hundred, somebody loses money If
they sell.
The lesson taught by this calamity
to merchants Ia, that 1t Is danger
Gus to wander from the paths Of legeti-
mate business to crop the stolen profits
Of gambling speculation In stocks.
Our learned judges had better confine
their judicial minds to tho trials before
them-our lawyers to their cases and
olients-our shopkcepers to their goods
and customers-our mechanics TO their
jobs and shops-our clerks to their SER
ylce-our servant-maids to their wash
tubs and brooms, and everybody to
their accustomed, honest, every day
business.