Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1874-10-21
.rocxs AND sHARo

assiduously advising everybody TO sell
cut Of mining stocks forthwith. he
tails them not to delay on the order Of
thar selling. but 70 sell at oncs-to-day.
The srudits Assyriaa il convinced that .
big panic in stocks just now would b
the ruin Of sharon's prospects for b.
ing elected United States Senator from
Nevada. He vsuld like to sss the
vhsls market 60 down with . crash.
dragging TO ruin Thousands who have all
their earnings now safely invested. with
excellent promise Of rich returns, and
u Nero fddlsd while Rome was burn
ing, 90 would this Assyrian wolf dance
over the shattered fabric and sxultingly
howl, ct didit; Ididit." He saseriya as
serts that there Is nothing new in tho
| ophir mins; that there 10 no ore to
Justify any rise in the stock. and most
srdsntly does be beg everybody to sell
out, in ordsr that his monsysd friends
and hackers may buy up the stock at
low figures. II he can only break
the Ophir. 10 thinks the whole
list would surely follow, and
. grand disastrous crssh in stocks en-
sue all along the Comstock. The shal-
isw-pstsd fool imaginss that panic
would ruin Sharon. and tries 10 mako
the people here believe that II would be
for thsir benefit. The idea IL simply on
Q par with his idiotio bsbbls about sha-
ron employing Cinnamon 70 work in the
mines.
The Dependent editor evidently labou
under the popular dslusion that Sharon
rules the price Of stocks. and Can put
the market up or down a. he chooses.
II such were really the case, IL would be
the easiest thing in the world for him TO
operate with positive certainty and
make enough money in . year to buy
the entire Comstock lode. with all its
dips. spurs. angles and variations. Sutro
and al. II he dssirsd &C to do. No one
man can control the stock market a. he
pleased he may control certain stocks
to some extent. but not the stock mar
ket. No enc man nor . dozen men can
prevent q general rise or q general de-
cline in stocks when fairly i~naugurated.
1t il The army Of small holders who Gre
ate and encourage stock sIcitensnts and
general panics. See how IL was in the
great ''brsak' Of two years ago. The
moment IL became apparent that the
top Of the market was reach
ed. and that decline had
set in, the first to weaken and
rush their stocks into the market, were
the small holders. and those who had
invested their utmost on margins. In
vain did tho heavy capitalists endssv0r
to stay the overwhelming tide, and one
who had made many millions Of dol
lars by the rise, autographed 70 his
friends here. "tsll everybody to stand
firm and not be afraid. We stand in the
breach" But a. we'll might he W.
attempted 10 arrest the torrent OF
Niagara with an old straw hat. he
panic was fully started, and all q
Jonssss and Shaons were pswsrisss to
even check II. The fact was that the
most unrsasonAbly great rise On thatocca-
sion VA based mere upon speculation
than upon the real msrits OF any min
ing Developments outside Of the Crown
Point and Bslehsr. III il true that there
were reports and strong hints Of ore
bodies being found and held in absy-
anee in some oil ths minss'ys sven these
proved ." DO mere rsports' wi'h no suo-
stanaA n Pis'sn
time not only are the crown fo'n' ana
Bslsher ore sections Aoidins gu. ana
yielding spiendidiy ana showing hhs'y
even At the lowest levels put ei'ensi's
and vsiuaoi ore oooies arc a''ei'Psa
and shown to the pubic In oo.n the
ovsrman and oPhir' 70 say nothing Oh
the new and rich ore deposit developed
in the Impsria-Empirs and which
evidently extends through tho inter
vsning mines into the Yellow Jacket.
The Consolidated Virginia has become
q dividend paying mine. with an i'm
msnss amount Of ore in sight, and the
California, lying between the Cousoi-
idatsd and 0phir. cannot fail to have q
portion Of the ore bodies from each.
continuing according to present in
dications entirely through it.
No doubt some stocks bear prices al
present somewhat above the real merits
Of the mines they represent, while
others are not mp to their real merits.