Pioche daily record. [volume] (Pioche, Nev.) 1872-1876, 1875-07-10
NEVADA MINES AND ENGLis"
CAPITALISTS.

The present scary and suspicious
feeling existing In the minds OF English
CAPITALISTS toward Nevada investments is
mainly due, not so much to want OF
success on their part as to an erroneous
impression relative to mining invest
ments as a paying speculation. In the
mining districts OF the Old Country
there is certain old-established routine
or manner of working, and no amount OF
reasoning or outside experience or inter
ference can induce the managers to
adopt any other way Everything is set
In fixed grove and moves in its pecu-
liar ponderous fashion. From the
board Of managers. through the superin-
tendent. and extending downward
throughout all the manifestations Of the
work, the same custom exists. They
argue, their fathers done so, why not
they. Such system may possibly be
moderately successful in Britain, but in
prosecuting researches after the mineral
wealth on this Coast. the Old World
capitalist is entirely at sea. He invests
his pounds sterling. often in the hands
of inexperienced and incompetent man
ayers and il not Immediately successful
is inclined to draw ont his capital and
look upon the whole matter with un-
friendly suspicion. OF course there ia a
certain amount OF merited odium resting
upon American securities OF this charac-
ter by tho manipulation Of the Emma
bubble scheme and one or two others.
but the cause just mentioned is the prin-
cipal one for English failure, viz: too
big hurry for substantial results and
too little faith in the natural wealth Of
the country. In striking contrast with
his British brother is tho action OF the
American capitalist in this respect. He
first exercises necessary amount Of ex-
perience and discrimination in selecting
a location. then employs men OF expe-
rience and intelligence to prosecute the
work, and in word puts into practical
execution DAvy Crockett's advice. which
applies with great force to this form OF
enterprise. When once the work is
fairly under way, no matter whether the
present prospect is favorable or the re-
verse, the work is steadily prosecuted
and pushed ahead, the ground Is thor
oughly proved. and in ninety-nine cases
out Of hundred, the result is pecuniari-
ly successful. The English character has
for one Of its strongest components O
commendable tendency Of holding on,
which is one Of the causes Of his success
in warfare, but in the matter Of mining
he drops the bat and gives up the game
too soon. For past failure and i'll sue
cess the foreign capitalist has no one but
himself to blame. The enormous amount
of mineral wealth in Nevada aud the vast
extent Of its location, is an undeniable
fact. The satisfactory results ensuing
from proper management OF the differ
ent mines is also matter Of worldwide
assent and wonder. Bnt the fixed ideas
and prejudices OF thousand years
should not be allowed to preponderate il
the working OF American mining claims
and the difference resulting from Ameri
can and English superintendent ough
to open the eyes of our transatlantic
cousins to the superiority of the Ameri
can system. The fault does not lay IL
the country, but in the oft misguided
though undoubtedly well meant-of
forts OF the English capitalist, OF lat
the foreign capital seems to be chief.
employed in developing and reducing or
of lower grade than the general yield
argentiferous. but yet proporlionatel
richer in gilena than in silver. This i
generally more Of surface formation
and consequently easier to get al. An
form of enterprise that tends to develo
the hidden wealth OF the Silver State !
to be commended and the new departur
taken by English capital is for that rel
son worthy Of all success