Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1877-06-18
A TIMELY SUGGESTION.

OnCo u0ts ane VI VI w. eue PRIV
porous timss seems dawning upon the
Csmstock. Our mining stocks. during
the past week. took . very decided up
ward tendency. and maintained IL TO the
end. u course there may be q tempo
rary setback yet. Thsrs g~sssrally is.
for the bears are extremely tenacious.
and will hug to the last, but the relapse.
II II comes. will be but slight, and its
etfects scarcely noticed. The bedrock
has been reached. stocks are booming.
and In . few weeks, Al farthsst. We shall
see the good old times again in Virginia
and Gold Hill. The power Of the infs-
nous ring which has tried to ruin our
industries and break down nj credit.
that they might put the money Of the
poor in their own pockets. 10 broken.
and we earnestly hope that ii will b a
long. long time before IL 10 again revived.
. Already the beneficial effects Of the
rise are becoming apparent. The conf
dsnce Of the public is gradually beeom-
ing restored in the stock market. Our
merchants are beginning to hope fer the
speedy payment Of their outstanding
bills, and when they are paid they can
settle thoir own Indebtedness, and thus
secure their credit in the future. Now,
that there is some prospect OF q good,
strong market. holders Of stock will
come forward promptly and pay their
assessments. and the list Of delinquent
sales In our newspaper columns will ma
terially decrease. The effect Of this will
10 that mines now closed for want Of
money to run them will start up. and
those now working on . small force will
increase the number Of their xorkmsp.
thus materially reducing the number Of
our idle men. Money will begin to How
copiously again in all the channels OF
trade /. AMI where money il plenty there
IL prosperity.
In view Of these facts q timely sug-
g~ss,ion may not be deemed amiss. To
avoid panies Is, Of course. impossible.
but il Is possible to avoid much OF the
suffering which they usually entail
upon the poor man. Here on the Com
stock We are too prone to forget when
times are good and money easy. that q
LAY will surely come when times will be
hard and money tight. We spend our
coin NJ IL comes to US. and. indeed.
o!tcptimes much faster than II comes to
us. We engage reeklsssly In spseula-
tons which we are not able TO carry.
snd plunge into all sorts Of satrava-
ysncss. There can DO but one lsgiti'
mate result to all this. When the dark
days come We are without money. and
forced to depend for very existence on
u more prudent friends who have laid
auie a portion OF their earnings to
meet Just such a panic rs that which Ia
now leaving us. This Is degrading to
our own sslf.rsspeet as asu. AMI unjust
10 our friends.
Now is the TINE to take this lesson to
heart. aud to heed the warnin. OF the
mast few months. Invest in stocks. BY
all means. IL you will; fortunes have
been made, and will DO made again on .
very small capital. But invest with your
own money only. See to II nrst that
your grocer and tailor and bootmaksr
aud landlord are paid for what you buy
from them. Do not steal the ssin which
belongs To them to risk il in an uneer-
tainty. There is not . v~orkingman in
Gold Hill or Virginia Of ordinary pru'
denee and sobriety whs cannot do this.
and still have money enough left to ops-
rate with on u small scale. Avoid that
r~uinous s,tmvngancs which has brought
such suffering on us in the past. IL our
merchants aud hotsl keepers arc paid
their dues promptly during prosperous
times. they will not only be able but viii
ling to carry the deserving through .
panic /; but IL they are no, paid they will
neither have the coin nor the ~inelina-
tim IN lo 50.