The weekly Arizona miner., 1878-04-26
ARIZONA MINES AND SAX FRANCISCO
 CArIrAJTS- s,

X disgusted Presc,,ttiIe, who has recently returned from San Francisco, after an in- effectual effort to induce California capital ists to invest in Arizona mines, sums up the situation thus:
 "If had fifty thousand twenty dollar gold pieces in the vaults of the Bank of Arizona, and desired to sell them in San Francisco, the purchaser ther, would require mo to pay the fee and expenses of San Francisco expert to come here and examine the coin, and if the expert reported favorably, l might hope to get seventeen dollars each for the twenty dollar gold pieces-with strong probability of being compelled to divide with the expert"
 Our friend exaggerates the situation, but 1t is nevertheless true that thus far San Francisco capital-e'r rather the hope of San Francisco capital-has been a curse to the Arizona prospector, and clog to Arizona -shining development. Mines have been tied up with "bonds" and "contracts," and the self-constituted "Agents of California capi- talists" have visited and revisited us, and it has generally ended in nothing. Some of the Pinal County mines have been incorpo- rated in San Francisco, but the stock is still owned by the Arizona locators. The Me crackin Go. procured California capital to aid in opening the mine, but the stock is not on the board. The Tiptop has brought some money here, but about as much has been invested by the people of Prescott ip the stock as was paid by the San Francisco owners, and for some reason-the devil and the San Francisco operators alone know what--the stock has gone down as the pros- poets of the mine frightened and its bull lion yield increased. The Peck owners never had any trouble among themselves, or with the mine, until they fell into the hands of California capitalists. We might give a list of prominent mining properties, the development ofwhich remained in abev- ance waiting the iinfulfille6 promises of "California capitalists, but we content our selves with saying generally, that the at- tempt to enlist California capital in our mines has thus far resulted in nothing nut disadvantage to our mining interests. We have no right to blame the mining men of California for this. The simple fact is that Ssn Francisco is not our natural market either for the sale of properties or the pur- chase of products. The Comstock and other mining districts in Nevada necessa- rily absorb all the capital, enterprise and energy that San Francisco has to bestow upon silver mining, and the demands in that direction keep her people stretched to the verge of fdestruction. The investor pre- fers to risk his money upon the chances of a quick turn on tho stock board, on Jacket, or Savage, or Con. Virginia, rather than embark it m legitimate mining invest u.ent where results must be obtained from the mine itself. San Francisco is enterpri- sing and progressive, but she is not long enough or large enough to carry the Coast on her shoulders.
 We may in this behalf derive instruction from the history of mining in Utah. The discovery of rich deposits in Cottonwood, Bingham. and other districts was almost with the completion of the overland railroad. San Francisco mining men were ivitcd to enlist in the develop ment of the new mines, but prompt re- sponse not being elicited, the owners of mining properties turned their attention and not in vain--to Chicago, New York, and London; and now. of the eight millions per annum of bullion produced in Utah, but . small portion finds its way to San Fran clsco,
 Money is abundant at the trade centers of the East If our mines can be properly brought to notice there. investment, devel- opment and prosperity will follow. The man or mca who can aid to bring this about win deserve not only the profits the, will derive, hut tho thanks of all interested in the prosperity of Arizona.