Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1879-11-13
OUR WILD CATS IN NEW YORK.


largest city in the Union with the e1pecta-
ton of disposing Of any amount of worthless
mining property at good figures Most of
these claims exist on paper only, and consist
of elaborate charts of the underground work
ings of mines which have no: so much as q
prospect hole with bucket and windlass.
The sale of such worthless property is blow
to the mining interests of the coast. There
was time when English gold was decoyed
into the commercial pitfalls laid by these I'M
prineipled swindlers, but that time has passed.
A few kicks from the porphyry horse, planted
in the stomach of the British capitalist was
enough for him. He retired from the field
of investment, a field, which had it been
properly managed, would have yielded good
returns to all parties concerned. New
York capital is already beginning to
fight very shy of the mining business
of the coast, and there are many good reasons
why it should. For the past year Gotham has
been overrun by hoard of the most unprin
cpled knaves that ever disgraced the bus
mess records of California and Nevada Their
motto was to wiring money out of nybody
met, by any sort of chicanery that their active
imaginations and long experience as thieves
could suggest. If something is not done to
check this rascality, the time is not far distant
when a mine assaying 500, 900 ton with a
100 foot ledge will not command a dollar a
share in New York. The disposition of this
coast is to = hog everything that has a pros
pect of being good and sell all that is worth
less to capitalists on the other side of the Mis-
sissippi. Another false policy which is already
working injury to Nevada, is the plan pursued
on the Comstock of keeping from the public
all information concerning the interior work
ings of the mines. This mysterious method
OF development which now prevails is driving
millions Of Eastern capital to Leadville, where
the underground workings of mine are as
open as the day A man who attempted to sell !
a horse and declined to remove the blanket
from the animal in the presence of the pur
chaser, could not expect to consummate sale.
He might assure the purchaser that the horse
could trot in 2:30, was of Hamiltonian stock,
sound in wind and limb, and cheap at s., 900, |
but so long as he kept the blanket and hood |
on, the intelligent purchaser would look else
whore for an investment in horsefesh Pine |
street is to-day swarming with Adventures in
broadcloth who never transacted an honest sale |
of mining property in their lives. Every time
a fresh swindle comes to light their handi-
work is discsrnibls in every phase Of the job,
yet they hold their heads up with the best,
and by some mysterious ineffciency of the
law, remain outside of the penitentiary.
There are dozens of these scalawags whose
names have become by word en- this coast,
yet frequently when new mine is incorpor-
new company, the mine goes on the board,
the board knowing it to be fraud, and the
worthless stock is fed to the public through
the agency of an organization of brokers sup
posed to be honest and respectable business
men. There are millions, we might say
billions, of wealth lying in the mountains of
Nevada, California, Colorado, Utah, Montana
and Arizona, which Eastern capitalists might
turn into circulating coin, if they had not
been frequently ssindled that they are
becoming disgusted with the coast and every
thing pertaining to it. 1t is not now to late
to remedy the evil. Let the stock board
weed from its list all the worthless wild cats
which have no machinery and no shaft, or
which they know to be controlled by men of 1
VIGOROUSLY corrupt practices. This would
be good step toward reform. Let the board
also furnish men with bona tEle mining prop G
critics, letters Of endorsement to New York c
capitalists satisfying itself of the WORTH {
ness of the property by sending experts to
examine it at the expense Of the owners. If
such a course was pursued the time would T
come when genuine deposits of ere and well
defined Lodges of gold and silver would find
a ready market in New York, and worthless To-
cations and abandoned prospect holes could
lot b. given away Under sush system, o
properly managed, the mining business of the A
coast would assume infinitely more than its p
present proportions and prosperity would fol- .
ow in the wake of stagnation and distrast. n
THR Assistant Postn lster at Pttshsld, Mas y
was in the habit of removing the
anceled stamps from the letters received at
he Office; and when letters were mailed, he q,
smovod the clean stamps, and put cancelled az
lamps on the envelopes He was caught in -,