Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1879-08-05
MINES AND CAPITAL.
SLOW PROGRESS or OUR DISTRICT, AND
ITS CAUSE.



A visit to tfse silver Brick Con.
A mining mania seems to have seized
Eastern capitalists, and millions of dollars
that have been stored in idleness, orloaned
at low rates Of interest. or unproftably in
vested, are finding their way to the Pa
cifc slope, and used in developing our
invested in Colorado. Utah, and Montana,
and Wyoming receives a fair portion;
the Snake and Salmon river districts in
Idaho absorb a large share as does also the
Bodie district in California, and Tuscarora
and one or two other camps in this State,
but il Is a curious fact that but little II any
Of this capital is finding its way into this
district. This appears all the more strange
because outside Of Tuscarora Eureka is
the only dividend paying camp in the
State. No one doubts but that there are
mines OF Prospect Mountain, in Scored
Canyon, and other points. which, if prop
erly developed, would equal either the
Eureka Con. or Richmond. and that they
are not developed is simply owing to the
want Of capital, AMI why capital should
avoid Investment il a location that has
paid so largely in the past, and exhibits
such brilliant prospects for the future, is a
matter that deserves some explanation.
There are several reasons, but the chief
one Is that there are too many drones in
the Eureka hive. The merchant who sits
idly by, and makes 10 effort to bring his
wares before the public, is always ontsold
by his more energetic neiglibor next door,
and the same hypothesis will apply to our
mining men. While the owners OF prop
erty in Lcadville. Bodie, and other
points on the Coast have filled
the Eastern papers with glowing ae-
count OF the Richness of their district and
thereby attracted the attention Of capital
lists and others, those owning locations
here have stood idly By. and Mieawber like
have waited for something .'to turn up"
Prospect Mountain, IN fact all Of this SEC
ton, il covered with mines that
are mines Only in name. The pro-
prietors have neither the capital to
develop tiieua nor the energy to bring them
before the Iastoin public, and should a
purchaser Happen along viii modestly ask
anything from @la,9 mp far 4 claim that
shows nothing more than a prospect hole a
few feet in depth. They are content 10
hold on, trusting that at some future day
a good mine may be opened in the vicinity,
and the value Of their property TINS On.
HANGED. This may be q good argument
theoretically, but a poor Il practically,
aud one that will not increase the wealth
OF the camp, or the population Of the town.
We have been led to make the abpYe re-
marks by a visit made to the
Tfte silver Brick Con. Mine.
Situated in the centre Of Page Hill, and
just south Of the I~ioosac. The history of
this mine is the history Of many others,
and proves that what is needed IS more
money, brains and energy to develop our
camp. The Silver Brick was located ten
years ago. and contains a dozen or more
prospect holes, varying ia depth, aud all
dug by tie original ~loeatars 81 different
periods. 10 all d them o @ was found,
although not ia paying quantities., and
after rroseeui.ug their search for a few
feet below tAe %sarfaes With no
success the spot w,uiA be aban1aaoi AMI
work commenced elsewhere. This course
woBld prn5aliY have been cnntinued or
the claim abandoned, and the u'ine, which
has every indication 81 proving Il good
ono. would never lfase been developed had
il not been Ter caEsca bgcaght about by
the fire. Among the losers hy II were Hi
ram CrowelI aud Charley siuatt the for
mer being pne Of fhe n~Figin.l l~ecl'ors. and
lately came infJ full possession of tie
property. Both were conadeat that by
pursuing the proper course 4 gipl mipo
could be deycinps a.. Blth we've fnll of
plach ami determined 10 risk tlieis last
dollar "a tho ENTERPRISE c, aad have dOas so.