The daily intelligencer. [volume] (Seattle, Wash. Territory [i.e. Wash.]) 1876-1881, 1877-04-09
County and City Official Press
Monday, April 8. 1877.
STOCKS.

STOCKS.
The san Francisco Chronicle iDsinuates
tina. the grea. "Bouanza" excitement
raissd upon the development. in the
Comstock lode of Nevada. two years
ago, was gigantic job pu, upon the
people by operators There ha, been
an enormous mass Of gold and silver
drawn ou. of this wonderful Comstock
lode sines its discovery nearly .wenty
years aga, bus like gold and silver
mines in general. it has been somcw hat
"stresky" in Ats Developments; how
yielding narvelously, and again, de-
cliniDg and showing sigma al running
out, but ever ana anon, ike Arcthusl' :
fountain. coming 10 view afresh. aud
giving for little while fabulous pro
duct Of treasure
In 1874 j all California went wild
over the wonderful richness Of "Cou.oli-
dated Virginia" For March. last year,
the yield Of that mine was 1865. ITO;
OF which -. l69.390 was net profit
This year. the March, output Of the
sixteen most productive mines on the
Comstoek is less than the above amount
yielded by the single mine mentioned
x.c . II. 4
duct Is = fall in the value of stocks.
During 80 days of last month the
shrinkage in value Of the stocks Of the
twenty-five companies whose mines are
upon the Comstock lode. was $50, 900, :
900.
The sanguine, the bull element I,
still look hoI efully, as they have done
for year past. for turn of the falling
scale. A year ago it was said that with
in TIVE mouths the output of Consolidat-
oil Virginia would reach 10000. 900 IA
month: but ever since, the dropping off
progress has gone steadily on. and the
bears assert that the bottom has fallen
out. If better orc Is not reached"
ct the end of the .6j0-foot level. il Is
said 1.-The Consolidated Virginia will
soon play ont" The history of Gould Il
Carry. Hale and Norcross Crown
Point and other bonanzas on the lode.
go to confirm this gloomy view, but
encourages hope that still other rich
bonanzas may hcreaft be found.
1t is we'll blished principle that
abnormal streams III wealth are also al
normal IN their continuance, and at
tended by disasters alike in their com.
ing and going. Mining escitements
have always kept the people of this
coast in = fcvered state. Each new As.
founding development in Washoc has
generated mania of mining stock in-
corporation and speculation. One cf-
feet of these furores is an unnatural de-
preston of the rea, estate market. Civ
ing place TO a rebound in real estate.
after the debris of the ruins caused by
the collapse of stock imitation is cleared
away.
The Cdro"'c}e man. who. according TO
= contemporary speaks adyisedly. and
from actual experience. moralixes thus:
The fairy tales TO which We have
listened too long have inside Of Us "A
race OF spectators little better than
gamblers IN fact -spurnins the slow
but honest ways Of our fathers and
stalking everything upon the interested
reports of men who. # necessary. would
claim the power of seeing through u
milestone. Thousands of cur hes, men
and women have been ruined literally
wrecked In body aud mind. by this ter
rible vice; for the anxiety caused hy
the constant wearing away of ones
fortune, often wears out and prostra,es
the mental and physical powers also
II has absorbed much Of tho fortunes Of
other thousand. VINO are still able To
hope on; 1t has taken away the daily
earnings of servants and laborcrs. keep
ing their families pinehed IN p verify
aud rags; and worst of all. II has so
unsettled business credit that II has
beeome dangerous - trust any unn
without securing the collatcrals IN al
vance. for. though he may have been
rich yesterday. tomorrow he may be- =
bankrupt through ,ll-ads,sed stock
speculAtions Now. Is IT not time "a
pause and look this evil square ia the
face tina, We may lind. ii possible. some
way Ia profit hy the batter experienc..
IT the past