Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1872-10-28
AND THE PEOPLE,

-
Under tho above caption our lively
evening contemporary, the Virginia
of Saturday, exhibited a bit
Of an editorial, which We will briefly
to In order to correct certain
errors and wrong impressions therein
contained. We do not do this from
any spirit Of captiousness or conten-
tiousnesa but because the article was
either written by a novice or the writer
intended 1t for n keen piece OF irony ;
In either case, the following extract
from the article in question Is unjust
toward Mr.. Jones, and in his behalf
we correct 1t. Here 1t Is:
About two years ago Mr.. Jones be-
came the controller OF some of the
mines In this State. Up to that time,
no matter what the wealth or produc-
tive ability q mine might possess. 1t
was not supposed to pay dividends.
and the poor man that invested his
little earnings In the stock of mines In
this vicinity was subjected to the most
outrageous course Of robbery, swim
ding aud freezing out that ever was
heard OF. Mr.. Jones Immediately In
augurated a new era In mining mat
tiers. He made the mines under his
control declare dividends to the full
amount Of their earnings. He then
attacked the ring Of monopolists and
fought their stock!jobbing operations.
and forced them, to the extent Of his
power. to give to the rightful owners
the benefit of any rise In value that
might take place In the market value
Of their stocks.
When one looks back and reflects
upon the numerous dividends paid by
the principal mines along the Com
stock for years before Mr.. Jones was
sent over here by the California Bank.
after being beaten for Lieutenant Gov
ernor Of California on the Gorham
ticket, to take charge Of the kentnck
mine, and subsequently the Crown
Point, the keen sarcasm Of that "new
era" clause Is more fully appreciated,
especially where it says: "He made
the mines nnder his control declare
dividends to the full amount Of their
earnings The only mine under the
control of the Jones ring which has
paid any dividends Is the Crown Point,
and that only for u short time. Since
then the entire earnings Of the mine
tor months have been withheld, and
applied to election purposes. Accord
Ing to the Enterprise, they have been and
are being used to pay the great expense
OF conducting the Republican part Of
the Presidential campaign thus far.
supporting Mr.. Jones' aspirations
tor the United States Senate. The
Crown Point earnings have been thus
very fully absorbed, and the mine CAN
not and will not pay a dividend until
after the election-perhaps not then.
The other mine which the powerful
ring succeeded in monopolizlng
Is the Savage, and certainly 10 IL
Of any dividend having been
paid from 1t since it has been In their
hands, but OIL the contrary, It Is now
under the weight Of a $40
assessment, with q likelihood Of an
other one soon Of the same kind.
That portion OF the article which
OF Jones as pitching into the
stock jobbers and forcing them to give
those who invested, the benefit OF any
rise In value that might take place in
their stocks, will read peculiarly sar-
castical to those who invested In Saw
age at high figures and have since been
crowded or frozen out by that afore-
said assessment. The "rise which
might take place." was q myth,
but the fall was not, and
great was the fall Of many a poor
Woodworking man or woman who had
invested their all In Savage or other
mines in which Jones "A interested.
SO much for the new Jones era. May
it be more profitable to stockholders in
the future than 1t has been in the past.
All that talk about Jones battling
against rings and monopClies Is the
veriest bosh and buncombe imaginable.
for Jones is a leading member Of the
great Jones' Hayward ring, one Of the
most powerful If not the most power
full monopolies on tho Comstock lode,
which seeks to overpower all other
even to the Sutro Tunnel incor-
poration. which Jones declares shall
have no Government assistance If he
can prevent 1t. We hope our excel
lent contemporary Of the editorial
Faber will try and DO justice by Mr..
Jones hereafter and not misrepresent
him.