Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1874-08-06
From the 5. p. Alta, August H.

G.afl...n Il cr.xa ~ vnur anana auAie-
;an, o., tha %toi,ow;ns commun;cstion.
devoted mainly 10 n eonsidomtion Of the
IscaI noirt, involved in tho controversy
30 nand;na hstw.sn certain N tbs
Comstnct MINING comnaniss and tho In.
oorno,o,ion lnoTn "a tbs Sutro Tunnsl
Capnany no,;ca !, Iootirc over the
Hna,ish ;%orrnsis ~ rscsnt d,ts tbat the
is,,sr co%nanx bsv. ;ssus5 th,ouob the
honss Of Messrs. McCalmont Bros..
Iondon n p~rospectus inviting subscrip-
,;ons to n ioan az az 600 OO0. 10 bs &C.
.rrad hv AIT mort,aoa convertible
hords ~ that oomnan1 Already large
sums N money have bsen raised In Eng.
land from The sale Of sutro Tunnel
sharas which sums n /, now sought 10
;ncrsas. In IN. ,bova amount by nv
no,h.ca.;ng Tho franchises. improye-
- nron.,,;os aud ~nrosnact;ve rave
MN" oomnanw
Ts;, - ~ t"ain.,. and r,orsr
I'M a.. shs p.;.;sh pprhi;.
sa, y. (. asnaI, 49, ab,ain MI,
rum ~
- "s uuly au,.s'ua IN,
ey Oh .ns secari.y senusiga, ho "a
sla'us anu .ns a'" ~ a.n.,s. ~
nsmsnA p'o :" p
NJ ;,u.v \. ala Aha, mi. Ia M
ms a. ;nd;v;d.
r ~, 80, 80 ,oot
uais ot JH % sp ,.,;s,s
49, aasa.Js a. aJaonsei 81 No
4 here ofTsrsd for areentanee. or
The soundness of any other scheme inyit-
ing investments abroad. This would,
indeed, be true were II the case that this
money, when advanced, wouldcome from
the pockets Of these foreign capitalists
themselves, n class always sufficiently
cautious and we'll informed TO see that
they receive a fair equivalent or ample
security for their cash before they part
with Il, The fact is, however. that these
funds, should they ever be raised IN
England at all, will, as IL usually the
case when the proffered investment IL
one OF dubious character, DO obtained
from the laboring classes and others OF
small or moderate means; these bankers
and brokers only acting in the capacity
OF middlemen, and receiving a commits
sion or other stipulated reward for their
services. Iha they WIZ, uhaer .ies'
circumstances, inquire very closely ih.o
the value oil the property or sum
cheney OF the securities pihceu III tneir
hands for negotiation or sale, is not to
be expected.
nrrx oy rur ,,,rp,o,s pprss ,sp PEOPLE.
Under the above condition OF things,
the masses. moro especially in the large
centers of population, both in England
and or the continent, have, for many
wears past. been exposed 10 be cheated
out OF their little means, and have, in
fact yery often been cruelty plundsred.
To such an extent has this been the cas-
that tbe question arises whether IL Is not
m. dptv of me American press 10
sor.v.rn ,hasa moor n,ople whenever n
- 49, ~ ,hars NAV ne ,eason IN ans.
nsr, ,h., ons - ,b.ss vor,biess nroner.
,;ss ~ ;nsacure Loans ia about 10 be
oesrsd on ,bs fore;on market. Policy
wou,J cs,,a;nlv dictate tbat wa adyise
tb.se parties OF every new danger OF this
kind TO which they are likely TO be ex-
posed, inasmuoh as our material inter-
ests are made to suffer by whatever tends
TO discourage the investment OF foreign
capital in this country. S~ein.hness
no higher motive, should therefore
awaken within us a desire Tor imr dear
ings and prompt us to DO all IN our
power to protect the foreign investor
from loss. lew years . Was
easy matter to eject = saio oi mini
or raise money LOT working mem, S".
Now 1t is almost impossiole 70 no e'
to such an extent nave sui
fered through the misrep,esehNW
frauds pracuceu upon 'nem No' W.
1t matter that TINS nas sonheeihes oeen
accomplished througn men own aS.1 ~
ana nome operA'ors' ~. enee. upVI
being inc same, no mate, Nne
qu=esncnAo,s a,ss i S.ioS"
nor ,ts snh;sc, Il hov.
Sn"." ~ 49, 20 ,ho MI.
H. ,Sronsb ,he m.dium Of m. dMal he.
.",sa T aS.o.xs M, !, hss ,irssdy omen.