Arizona citizen., 1876-10-21
TIE CITIZEN.
SATURDAY.. OCTOBER2l 1876.
Lack Of Sand.

The following from the Virginia En terprise will strike those familiar witl
 mining ventures in Arizona also, a.
 very opposite:
 The London Globe publishes a truth ful and carefully prepared article or the bonanza mines. After giving 6
 statement of the yield in the past and the prospects for the future, the article closes with this sentence: What a
 pity these bOuntiful bOnanZas never
 ialf to English investors in American
 silver mines" There is a tone of re preach in the foregoing which is not just. The California mine about two
 years ago was selling for about what il
 yields now a month. Why did not En. .glishmen purchase il? 4 year before
 that it was selling for a song. A year
 before that, when an attorney of this
 city was forced to take 1500 shares of
 it for little fee for services in law
 suit, he groaned in the bitterness of
 his spirit, that poor attorneys were
 sometimes so badly used. In less than
 three years those shares were worth over Sl,000.00O, and he was reconciled.
 Why did not Englishmen purchase in those favored days? The answer is, they had not the courage. And had some enterprising man bonded both the big bonanza mines for a tritiing sum and placed them, four years ago, on the London market and under En- glish management, today they would be shut down, and the same would be said of them that is now said of the Little Emma. There are a dozen mines along the ComstOck, upon which of dollars are being expend- ed monthly, that the prudent men of London would think il worse than gambling 10 put a dollar in. And yet one or two or three years from now, when half of them have developed great bodies of ore, it will be natural to see expressed in English journals just such regrets as the foregoing. In Eureka a few years ago an English purchased the Richmond mine. After the purchase English eX- perts reported that the purchasers had been egregiously imposed upon, and yet since then the mine has yielded sixty times the amount received by the owners, and it is today con Sidered by shrewd men the biggest and most promising lode known in tine world, excepting, of course the Com stock channel All over Nevada are bonanzas which only need patience, work, judgment and money to make them both famous and profitable Why do not the men of England who do not know how to invest their surplus money do what the men who have opened this bonanza under our streets did four or five years ago? There k no mystery about the matter, and no The finding of the Comstock was an accident, but the finding of the great bonanza within the Comstock was not an accident. IL was the work Dt shrewd calculation, backed by a generous Use of money and guided by . judgment maturcd through the years. And, behind all, was courage which men who have accumulated their wealth by the slow and safe processes. )f the East seldom possess; that cOur- ige which, day afier day, week after week, month after month and year af- er year, can see stream of gold pour .d into the barren rock without return. It is for the want of these attributes hat "thcse beautiful bOnanzas never all to English investors in American iilver mines"