Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1876-03-05
DULL TINES IN EASTERN NE
vADA.

There Is no Disgusting the fact that
times In Eureka at the present are un.
precedently dull. The oldest Of our
business houses assert that the like was
never before experienced here since the
drst settlement Of the town. Business
OF overy description seems to be de.
pressed almoAt to staxnation, and the
complaint is general among all classes
OF the business community that ready
money is not to be had at all. There is
of course, . cause for all this. indeed
1t may be said that several causes have
conspired to produce this unsatisfac.
tory state of affairs. The most proIni.
mont, perhaps, 10 attributable to the
general and widespread monetary panic
which resulted from tho suspension oi
the Bank OF California. The Interests
OF the mining communities on this
coast were SO intimately interviewer
with the fortunes Of that great institu-
ton that the effects Of the disaster ex-
tended to and were sorely felt in all OF
the mining districts west of the Rocky
Mountains. 1t is true that the princi-
pal cities and towns of the coast have
nleasurably recovered from that fearful
financial shock, yet 1t must be appar.
ent to the most Indifferent observer
that the small mining communities, re.
mote from the great monetary center
Of tho Pacific Slope, are still suffering
and staggering under the weight of the
disastrous consequences flowing from
that unfortunate panic. Not all of us
had direct business relations with the
bank, and yet our mining interests,
upon which all else is dependent, were
30 closely identified with the great con-
earn that it is impossible to conceive of
any individual member of the business
community that was not affected In
greater or less degree by the failure.
From the very moment of the suspen.
sion the business outlook suddenly be.
came clouded, and from thence forward,
for months, money continued to grow
tighter and tighter, until now it is hard
ly to be obtained on any terms what
ever. Eastern Nevada, in particular,
has been thus afflicted. Phoebe, Ham,
ilton, Belmont, Austin, and lastly, Eu.
reaka, are each and all groaning under
the ann0yanoes and heartburnings
which invariably accompany long
season of depression, not to say pros.
tration of business. Money is scarce
and, consequently, hard to get. This
condition OF affairs may continue for
months, yet We hope for brigh ter
prospects with the dawn of spring.
Barring the scarcity Of capital for car
rying forward the work of develop
ment, the mining outlook In Eastern
Nevada was never moro promising
than now. We have the mines, un.
questionably rich and permanent,
still without ready coin to work them,
we shall he left In bad fix until the
stringency Of the money market shall
have ceased and flush times all over
the coast again become the rule. There
are also some local causes which have
operated to our detriment. In the
lirst place, we are experiencing the
longest and severest winter ever known
10 this section of the State. Deep
snows have blocked the roads, com.
pelling the suspension of pretty much
al 0uside business. 1t 10 mainly due
10 this cause that SO little is being done
In the coal and timber business, two of
our leading industries, scarcely of less
importance than the working Of the
mines themselves. From one cause
aud another our mining interests are
also lsnguishing this winter. The Eu-
reka Consolidated and X X employ
'ar less than their usual complement
Of rpen, while the Atlas, being in.
volved in litigation, Is not rushing mat
|srs ~ formerly. The Richmond IL
she main stay Of the community for
The winter, 1t being the only one Of our
mining companies which is prosecut-
Ing operations with the usual vigor.
Al We have said before. we can not
predict with any certainty when a
,hsngs for the better is likely to take
place, appreciating, ~ we do, that the
present inactivity and great scarcity Of
money may be wholly due to other
han LEGAL circumstances; yet we hope
Or tbs BEST, and shall welcome the
opening Of spring as the precursor of
! renewal Of our wonted prosperity.
In the meantime San Francisco's
wholesale dealers had as we'll learn to
practice little leniency towards their
Eastern Nevada patrons, and thus as
list them In bridging over the extreme
y dull season through which we are
now passing.
PARTIES just in from Cornucopia in
orm the Elko Independent that the |
alaboose In that place is about I'm