Lyon County times. [volume] (Silver City, Nev.) 1874-1907, 1877-03-07
Economy Of Mine Management.

take community, INDIVIDUALS and
firms begin series of retrenchment
plans, and the economy thus put in
practice, in time, restores the for
mer degree of prosperity. In fact,
the times seem to be governed by
recurring cycles, including the
period of severe financial depression,
the period of economy and gradual
recovery, and the period of great
and general prosperity. The peo-
pie of the Comstock. as we'll as those
intimately connected with them by
their Investments in and control OF
our mines, are now experiencing the
first period Of the cycle. Some per-
sons Of long experience pronounce
the present the hardest times they
have ever seen here. Perhaps,
however, this is saying more than
the actual condition warrants, but it
cannot be denied that this is the
worst depression we have had for
several years, and it appears to be
growing worse every day.
All the prosperity of this portion
of Nevada is dependent upon the
real or prospective merit of our
mines. Every business and avoca-
ton depends entirely upon mining;
il it fails to any given extent, the
,, community is effected in a CORES
ponding ratio, aud if that source of
wealth should entirely cease, then
our cities of thousands must soon
become depopulated. The prevail
ing depression has already driven
thousands 10 other localities, and if
Q reaction does not soon come other
thousands must inevitably follow.
Our people are struggling bravely
against adverse conditions and are
practicing an enforced economy in
all branches of busin ,ss; expenses
have been curtailed generally to a
point beyond which it Is hardly
practicable to go. and now nothing
remains for them but to patiently
await return tide in our one special
industry, and the securities based
thereon.
1t is practicable for the mining
companies to do much to restore
former prosperity and confidence.
With them rests all that can posi-
bly, be done aside from the efforts
of our own people. This they may
do by greater economy in mine
management, which at this time
every one interested in mines ard
stocks should demand. BY economy
we do not mean that a portion OF
the laboring force shall be dis.
charged and the progress of de-
velopment lessened, for all mines
of merit should be vigorously pros
pected. But there are other ex.
penses that might be- greatly re-
duced. Let the Office expenses at
San Francisco, and here. too, be
reduced; let all parasites be cut of f;
let all sinecures be withhold; let
the expenses of experimenting the
mines be reduced, and let them
cease advertising in two or three
more papers than the law requires.
In this way large sums may bs
saved to stockholders, and the
usual work of development be still
prosecuted. But if the old style
and degree of expenditure is con.
tinued, the confidence OF the public
will be further withheld, and many
OF the mines will be compelled to
shut down.
We throw out these suggestions,
hoping that the companies, and our
people, as we'll, will be benefited
Our interests are identical, and we
should all strive for the same end
to develop and continue the average
production of tie Comstock.
GONE TO THE HILLS Migration
from this locality to the Black Hills