Carson daily appeal. [volume] (Carson City, Nev.) 1873-1877, 1876-07-20
For Prssidens OF the Emitted Statex:
RUTHERFORD B. HAYES,
Of OHIO.
For Vice President:
WILLIAM 4. WHEELER;
OF N1w YORK.
FACTS. Figures AND FICTJONs
OF THE BULLS AND BEARS.

FACTS. FIGURES AND FICTJONs
OF THE BULLS AND BEARS.
The Chronicle Of San Francisco is thu
''Iivs morning paper" rsferrsd to IN tn
subioined. which We extract from th'
Stock Exchange (newspspsr) Of July Is
This authority would seem to intimate
that the statements made against the DO
panzs mines are not to be relied on
tho same coming from interested parties
professional ''bears." These contro
versies are exceedingly interesting. re-
vealing to the outside world, IS they do,
what Is taking place behind the scenes
Says the Stock Exchange:
The market had rather a black look
yesterday morning in consequence Of q
few timid operators who deal in about
Eve shares Of bonanza stock at clip,
becoming dsmoralizsd in consequences OF
the reported views of an unknown cap
italiss through the Medium OF seusa-
tionsl morning paper. Its influence sub
sided however long before noon. and at
the close Of the days operations there
vss healthy feeling all around, which
indicated that the Great Unknown was
forgotten. The sensational journal allu-
lel 20. was ~ persistent in bulling the
bonanza several months ago. as its con.
luctors now seem determined to break
IL down. 1t is quite probable that they
were "long" then; are "shert' now and
are playing for even, with the chances
that they will lose both ways. Running
. newspaper is altogether different
business from running stock. This
morning. to bolster up the remarkable
statement of the Great Unknown, the
live paper proceeds to interview two Of
the leading bears Of tho market; chronic
bears who build up fortunes when others
run down-C. W. Bonynge and NJ. J.
Mcdonald. 1t needed NO interview
with these gentlemen to know what they
would say. The stock reporter Of the
live paper could have spared himself
the trouble by simply sitting himself
down in his sanctum and writing from
Imagination seated on q bearish stand
point II mines are to be condemned on
the say so of such bears as Bonynge and
Mcdonald. better shut up the stock
boards. The bear element is perhaps a
necessary article in the stock business.
All men can't agree because nature wills
il otherwise. and we protest against the
opinions OF the chronic bears being
thrust forward as representative views
Of leading operators. Let others be in
terviewed-n bull and bear alternately,
SO that both sides have fair play. The
Great Unknown with Barton; tho Nc
DoDalds, With a couple of bulls as foi's,
or take men notably Independent in their
views and well known as experts: men
like Archie Golland an! john 4. Fauil.
Let both sides have fair showing. Too
zach bGlzard and no turkey isn't the
tais tLing.
IL; these discussions, rejoinders,
charges and counter-charges only the
mere plainly publish the fact to the
v orld that the business Of stock jobb;ng
il neither more nor lees than the widest
kind OF gambling. Long since, in every
old Pacific Coaster life, the conclusion
hss been reached that the only way to
gamble successfully is to learn the tricks
Of the trade and join the profession.
1.-THE way to beat faro is to let it alone"
Likely enough this homely axiom may
with benefit be applied to the stock
dealing business. st any rate. the
safest, or, al all events, most satisfactory
place 10 deal from is "the inside'-pro-
vided 1.-THE inside" can be attained.
Each faction tell an equally circumstan-
iial, positive and plausible story. There
must be some very hard and ingenious
lying somewhere. Mr.. Mcdonald swears
ths, the Consolidated mine has had
credit, for some time past, for pay ore
which Was mined from the California.
Mr.. Fair says this is absolutely untrue.
The bears have il that late operations
in the 1900 foot level of Consolidated re-
veal barrenness and exhaustion Of the
bonanza. Fair says that this is prspos-
ferrous inasmueh as the 11OO-foot level
has been flooded since the October FIRE
Of last year. Bonynge gives out dark
hints Of disastrous probinss by the aid
d tell.tale diamond drills. The bonanza
chefs solemnly assert that the ore body
IN the two great mines is appareasly
Jim kesne points to the
Of Consolidated toward his
predicted figures and tells tho stock mar.
ket that his position is proven. Flood
Il O'Brien name the names OF half
dozen 6,st-class brokers who are con-
stantly buying On their account and
would make it appear that they thus
i've An earnest OF the faith that is in
them and backing of their opinions.
Meantime the small operator is all
drift. He don't know whore to turn or
whom to believe; and no outsider opin-
on 10 worth the breath that speaks it or
no paper which gives it shape. The
gamble" still exists-no hotter and no
worse than ever. Mrs. Bowers predic-
ions. founded though they are on the
<.l.;, ~ r,s;,,us md woven Of the