Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1878-05-04
AMERICAN MINES FROM AN
NGIKS VIEW.

fhSA
We condense the following from the
London Mining World. 1t is interest
ing as giving the views and opinions
of our English cousins on American
mining ventures:
1t is a fact that has become notorious
on this side of the Atlantic that English
mining litigants On American soil have
put a poor chance when conteSting
their imagined rights with those who
may have the good fortune to be ina
1--we and to the n born" Nearly
all the claims that have been preferred
by our countrymen on the one hand
against Americans, or that have been
resisted by them on the other, have,
through a singular coincidence, been
attended with an unfavorable result,
so far as the English li~tigants have
been concerned. More than this, En-
glishnen, though successful in their
commercial pursuits in almost every
quarter of the globe, have signally
Jailed i'll America-we refer chiefly to
mining. Hardly any OF the United
States mines tloated on this market
have been successful, and those that
are have been hedged about by such
difficulties from the peculiar proceed
ings of "jumpers' and others that, as
Mr.. Mantalina would say, their life
has been ''one horrid grind"
America needs all the capital she
can attract to her shores, but the i'm
preston obtains that that with which
she has already beer intrusted has
been so unfairly dealt with that we
think it Will require a guarantee OF
Snr1la GU hstantia kirI that ~ f,rtI,,.
funds invested in her mines will at
least meet with fair play, and more
than that nc English investor requires.
He is prepared to run the risk Of
searchingf for natures hidden treasures,
and to abide the result of either uc-
cess or failure; but if to the uncertain
ties OF mining are added a laXity
in the administration and the laws,
an inadequate protection of the
rights OF property, and an open door
left for chiCanerv aad fraud, he will
belle the business shrewaness with
which he is ordinarily credited, if he
does not respectfully decline to, have
anything further to do with any ad-
venture of the kind. A single Ameri-
can lawsuit, one would think, would
be sufficient to deter a whole genera
ton of English ca capitalists from having
anything to do with United States
mines. 1t is known that the first dis
pule had with the Eureka Consolidated
Company cost the Richmond share
holders 500, 600, and the n now pend
ing, it is believed, will cost much
more. The case between these two
companies, both prosperous,
eventually turn upon the opinions OF
mining eX perts, and as the Cornish
motto of "no mar being able to see
beyond the point of his pick" applies
equally to American mines, it will be
seen upon what frail grounds the uItl-
mate decision will rave to be given.
So far, with their usual luck, the case
has gone againstthe English company,
but in the higher courts, to which the
case has been transferred, a different
result may be arrived at.
We are satisfied that there is Il large
amount of money noW lying idle III
this country which would find m
ployment in America, if its pOssesSOrS
, could be assured that it would have to
run no more than ordinary risks OF
mining. We can assure the mining
community that the decision in the
Richmond-Eureka case is very eagerly
looked for on this side. That decision
will have a more important influence
on English capitalists than u Ameri-
can friends dream, and the sooner they
settle the matter one way or the other,
the better for all.