Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1877-05-05
DAILY SENTINEL,
SATURDAY, MAY 5, 1877.
ROUGH TIMES ON THE CON-
STOCK.

Icltttt lJt LldG citudtlOig tthiCo af''~'
be fearfully dull on the Comstock.
All of the authorities agree that moth
ing like the present stagnation in bust
ness there was ever known before. II
is hardly necessary to speculate re-
garding the cause, but we accept it a.
a matter of course that the unprece-
dented decline in the stock market.
by which marginal operators were
left penniless, has more 10 do with i;
than anything else. The Enterprise
with forebodings Of tho coming storm,
thus gloomily discusses the situation
in its issue of the End instant:
"A very serious question is open tC
the masses of Virginia City. With
many it is no longer a question O
how to get a fortune, but rather, how
to get the commonest necessities o
life. IT the financial tourniquet j.
given another turn or two, we shall
all be ready for amputation--the cir.
culation will be entirely stopped. II
looks now as though, i'll a few days
more, it will be a question for
landlords to decide whether to
accept less rents or to have ten
antless houses; a question for railroad
corporations, whether to charge less
freights or to cease running trains;
a question for laborers, whether to
take less wages or cease laboring at
all; a question for everybody. whether
q half dollar can be made to go as far
us 4 dollar did a ) ear ago, or whether
to go without the half. The mines are
daily discharging workmen. The
number of destitute and desperate
men and families are increasing daily.
The situation is very serious. y ="
we think there should be a relief com
mittee organized at once. OF Il own
know ledge we know that there are
delicate women and little children
here who have not any sufficient food
or clothing. The safety of the prop
er,y-holders demands that these peo>
ple shall be- looked after and provided
with what they absolutely need at
once. There are dozens, if not hun
dreds, of strong men walking our
streets half crazed for want
Of work and bread, and wild
with anxiety for their little ones.
There is u limit beyond which these
men will not go, and the time comes
10 a man at last when he says, 81 don't
care" Agreat calamity fell upon Nir-
ginia a year ago last October. In five
the main portion of the city was
lifted up in a whirlwind of fire and
carried away. Every heart was open
then and every exertion was made to
rescue and relieve sufferers. Our peo-
pie should remember that a calamity,
four-fold greater in its immensely, has
fallen now upon our city. The only
difference is that it has been coming
for five months instead of having been
precipitated in five hours. Men before
had no houses, but they had work and
could buy food. Now they have shell
ters, but no work and no money. We
do not wish to be thought an alarmist,
but, in all truth and seriousness, we
saw that there is such terrible suffer
ing here now AS puts the city itself in
danger" This is u terrible picture OF
the situation of affairs in what has
hitherto been the most prosperous
ci,y in the universe. The article
of the Enterprise was written
the day previous to the recent labor
excitement. The storm broke forth
than was anticipated. The con
dition of things as depicted was not
oyerdrawn. Times IRE hard on the
the Comstcck and we fear that they
are likely to get worse before they are
better. With us money is tight, but
there is no such distress in Eastern
Nevada as prevails among the labor
ing classes of Storey county. AS a
rule our mines are looking exceed
ingly we'll, and although there is a
inactivity here in conse
quence of the litigation between two OF
our leading companies, we all feel
confident of renewed prosperity in the
future. There is not to-day on the
Pacific coast a district SO full OF prom
ise as Eureka. We believe we do not
overstate it when we say that there is
more ore in sight here at this time
than in all the rest Of the State COM
biued. While we are not overly flush
our people may we'll congratulate
themselves that they are not so bad of
rs some of their neighbors.
THE trial of the Emma mine suit III
New York occupied over four months
1t was a jury trial and one of the long