Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1879-12-24
THE DIAMOND DRILL.


Comstock lode, solely in the interest of the
management" has been SO disastrous to the
welfare of outside stockholders " that its
prompt suppression would be great public
benefit unless it could be placed under salutary
restrictions. We therefore call upon our State
Legislature, soon to assemble at Sacramento,
| to give this important sub lect its earnest at
tention. And as it may not be generally I'M
derstood that the grossest robbery of the pub
lie is effected by the use of this instrument in
the hands of dishonest Trustees and Supsrin-
tendents, we will refer to few of its worst
features. The information which it imparts
to the management enables them to operate
on the stock market with entire security.
They know long in advance of their 'outslde"
fellow stockholders the presence, if such
should be i'll existence, of a valuable ore body.
Its measurement and assay value are ascer-
tanned to nicely. Then, if the management
is without stock, the work of deception aud
fraud begins in earnest. The failure to find
even good indications is proclaimed far and
wide, while the difficulties of following the
lode to greater depth are fully impaired.
Costly machinery, requiring years to erect,
and involving the expenditure of immense
sums, is contracted for and if, after all this,
the tenacious holder still cings to his stock,
water is tapped and the mine submerged, I'M
til, at length, Impoverished and discouraged,
he allows it to slip from his despairing grasp.
But let it be demonstrated, that instead of a
valuable ore body, barren rock alone exists,
for 800 feet or more in advance of the drifts,
and the policy OF the unfaithful management
is reversed. Instead of unfavorable, the most
favorable reports are industriously circuated;
" cappers swarm In the vicinity of the Stock
Exchange, proclaiming the value of the mine,
stock is sure to follow. Assessments are post
pnned and everything is done to give the
stock rnseate hue, until the ring either sells
their stock, short the market. This accom-
pIished to their satisfaction, presto change
the mine is exhibited to the world in all its
nakedness; assessments are piled on with
most relentless regularity until "shOrs are
Tiled" OF stock gathered in for a new deal.
porphyry. found so frequently in the best of
is made available in the nterest of
the management. Aware of its ex act location,
through the medium of the drill. stock is freely
disposed of by those in the secret, while the
lrift or crosscut is still passing through ore,
20 be purchts ed from the luckless outsider,
ust 30 soon as the pOrphyry- horse is reached,
he latter being unconscious, while selling his !
took at heavy loss, that but few feet of |
,orphyry lies between tho face OF the drift and |
ich ore. Aud this damnab!e role is played |
d infnitum, while the poor grow poorer, and |
he rich grow hesrtles<ly richer The infor- !
nation which ought to be used foa the benefit |
I all alike, is the means by which nineteen |
n twenty of the stockholders are ruined. The |
oppression of this infamous system may now
1ok like looking the stable door after the
orse is stolen" as the Comstock lode has
cen already thoroughly honeycombed by the
rill, and the management can therefore af-
,rd to throw it aside, possessing, as they do,
knos ledge which cannot be reached through
riffs for some time to come. The mischief
D., We believe, accomplished almost beyond
call, while the confding public are left to
her kindred spirits to the enjoyment o. of
er treacherously acquired wealth -Puctfc Z
,fe.