Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1880-02-03
THE CAPITALISTS FAREWELL.

Some of the capitalists of the Coast seem
to be about carrying out threat made some
time ago to move out of the country If the
New Constitution of California was carried.
The new instrument of government was car
ried and there seems to be disposition on
the part of some of the big financial magnates
10 seek other fields Of investment. For years
past these men have been acquiring colossal
fortunes by manipulating stock deals, grab
bling lands, building up monopoes and evad
ing all opposition by sheer force Of capital
Having made their money i'll California and
Nevada, they propose to spend it somewhere
else. 1t seems strange that men who have
lived in one State for twenty years and accnm
ulated more wealth than they will ever be able
TO spend, should turn their backs upon the
scenes of their early associations and seek
another locality, because IA majority of vote RS
and taxpayers have determined that they shall
leave portion of the country and it's wealth
for somebody else.
The New York Herald has the following
"The movement toward this city of certain
very rich men of California is significant of
what is to come to pass one Of these days, not
merely as to the rich men in the United
States This city is the inevitable home of
all such persons, simply because it is the f.
nancial capital of the country. la the cases
of the California millionaires cited in our re
port, probably two causes are in operation
an attraction here and repulsion from the Pa
ei6c Coast. Just how the new Constitution
of California has operated upon the interests
of capital is not generally known, but may be
particularly known to these men in a very I'M
pleasant way, but whether it is or not, the
spirit exhibited toward capital and capitalist
in the campaign in which that instrument was
voted upon was a fair notice to rich men to be-
take themselves to dimes where sounder ideas
prevail on the subject of the relations of money
to labor How much the new corners were
Influenced by the warning, and how much by
the perception of advantages of a residence in
the national metropolis, it is not easy to de-
tsrnine, bat each cause was. perhaps, impor
tsnt in producing the result. d. o. Mills Is
already FIVE millions richer for his move.
Flood proposes to establish the Bank of Ne
vada here, and Mills, in behalf of the Bank of
California, will endeavor in every possible
way to prevent the successful conclusion of
Flood & Co.'S plan, and secretly, by his
wealth and influence, will endeavor to thwart
their plans.
Should the leading capitalists Of California
leave the coast, there is consolation in the re-
fection that they cannot take the coast with
them. Our boundles, resources Of soil, our
mineral deposits and our climate cannot be
carried away by anybody, and the same for |
tunes made here once can be- made again. If |
the people would stop playing at the stock
game, by which they are robbed every year |
Of nearly all their savings, and settle down to
the business of developing the country as the |
horny listed New England farmers do, there
would soon be a more egualizsd distribution
Of capital and general prosperity. A man who
wishes to make money by slow, sure and
honest processes, can do so under the new
of California. If there is class
not grab everything in sight, then the sooner
they leave the country the better for it. Peo'
pie who make money only to hoard it up and
lend it out at usurer's rates OF interest are
not desirable citizens, and as a rule their room
Is better than their company. The withdrawal
Of SO much capital may be tenn porary in
son venience. but in the long run the coast
will not be the loser by the change