Pioche daily record. [volume] (Pioche, Nev.) 1872-1876, 1876-01-13
GOOD TIMES.

Signs of prosperity are visible on every
hand in this State. The crop outl ook is
very favorable, business OF all kinds is
and il is extremely probable
that the Centennial Year will be the best,
in many respects, that California has
ever known. The upward tendency OF
stock prices 10 an excellent indication.
II speaks we'll for the finances Of the
State, and shows that at present there is
deal more money in circulation than
many supposed. The transactions in
stocks during the last few days. reqiring
the active use Of millions of dollars,
could not have been accomplished during
the prevalence of coin famine. All the
argument advanced by those who pre-
dicted tight money market at this tine
10 demolished by the record OF stock
business during the present week. When
it Ii remembered that the money in
vested in stocks only represents q frac.
ton Of the amount circulating through
business channels no sensible person can
claim the existence OF financial strin.
gency at this writing. The best infoT-
nation We have TO the effect that
money is growing easier all the time, both
II we were about entering upon an era OF
prosperity Of which an expansion of the
mining interest will only constitute one
feature. Trade. agriculture and the
manufacturing industries will all reap the
benefits OF general prosperity. The
signs of the times justify the prediction
that the year 1876 will witness the great
est production of gold and silver by the
mines of this coast that has ever been
recorded. The yield VI precious metals
will give fresh impetus to mining de-
velopment; capital will flow here for in.
vestment in our mines. and before II
commences the reversss OF rs will have
entirily escaped the memory. We may
have tinge OF the rose in our predic :
lions, but we are. nevertheless, of the
opinion that our statements are not o
bit too strong. Our contemporaries in
California and Nevada also paint the
future very brightly. This anticipation
of prosperity for the year is not confined
to the few. 1t permeates every circle.
But all agree that the evidence OF in
creasing prosperity for the coast is the
rise in stocks.
The above from the Stock Report of
the 7th takes a cheerful view of the stu
alton, but however much things have
changed for the better in San Francisco
and other parts OF California such change
is not perceptible in this section. Changes
Of tho other sort affect us readily enough.
% oil can testify. The failure Of the
California Bank had damaging effect
but on its resumption there was not q
corresponding reaction. 1t would seem
~ though Phoebe had been selected as
the one place to receive the full
force Of the blow. Since the failure
our mines have been far more productive
than at any time within two years. yet the
greater the product the less coin is thrown
in sight. Some one needs it in his bust
ness 1t the Bay no doubt. The Bank Of
California cannot throw as much money
into stock operations as formerly. so it is
plain 1t must come from some source,
and Phoebe is made the cats paws I"
in the emergency. Not an envious posi-.
ton to occupy. We respectfully request
that some other camp be given dose of
this sort Of thing and that we DO given a
chance. Phoebe is not the Bank OF Cali
fornia. Again, it is not at all probable
that single individual in this camp will
be benefited to the extent Of quarter oil
. cent by the profits Of any stock specu-
lation in San Francisco, be they ever so
large. To withhold moneys due fol-
work and labor done for the purpose of
keeping up the price Of stocks, can
hardly bs called right and just. If our
conclusions are not correct, any satisfac-
tory explanation of the same will be in
order. The absence Of such explanation
can be construed in no other way than
virtual acknowledgment OF the truth
of our statement.