Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1880-07-15

American Hawks and English
Sparrows.

The following is from the London Truth:
''The Americans are beginning to distribute
circulars among the British public, Offer
ing mining shares. 1t cannot too often be
stated that nowhere is mining better un-
derstood than in the United States. Our
estimable transatlantic cousins never part
to us with mining shares which have any
intrinsic value. Rubbish alone, which is
absolutely unsaleable at home. is sought
to be foisted off on u.s."
Commenting on the above paragraph
the Salt Lake Tribune says: A burly
Western man once in California said to o
little old Yankee, ''you come from where
they make wooden nutmegs / believe"
EYES," replied the old man, "and you come
from where they buy them 1 believe"
Probably about such an answer as the old
man made would be sufficient answer for
the foregoing. The inference Of the Truth
is that the men in America who sell min
ing stocks are all sharp ~rascals, and that
all the people in England who buy mining
stocks are unsophisticated and guileless
QuDtbs ALI otiil ~ luOsb blht % tiidi bCQ
against Americans is that they try to make
money by selling mining stocks. Is it fair
to assume that the Englishmen who pur-
chase these do SO out of pure charity and
without any expectation Of obtaining a
little interest on their investment? No
doubt some scamps have sold worthless
mining stocks in England. Some three
card monte sharps nave also beguiled in
Il npcpnf pr6apbpra tn wa Oor Gnmpfh1pQ on n
dead point. As a rule the preachers have
lost, but it has never been made clear that
in all such attempts their hope and inten-
ton was to win. Probably no man could
sell an estate in American lands in Eng
land on the proposition that it would pay
seven per cent. per annum on the invest
ment, notwithstandi ding that seven per cent.
is about double the rate required for
money in England. But when some unscru-
pulous American goes to England with
wild cat mining stocks he represents q
probable prospect OF 100 per cent, he deals
out a certain proportion of stock to brok-
ers to act as cappers, and in a few days
the suckers bite and the stock is taken.
There is an easy way to avoid all such
snares. When any considerable number
of men desire to invest in O mine it is not
difficult for them to find out by actual ex-
animation whether the property is valuable
or not. Both Americans and Englishmen
are often deceived on mining propositions.
If we remember right a corpslof English
experts condem ned the Eureka Con. at
$3.50, 900. When the Richmond was bought
Of the owners for $3.50. 600, and sold to a
London Syndicate for $500, 600, if we re-
member right, the first expert sent from
England declared it a probable swindle
These are two cases where both English
men and Americans were deceived. The
Americans ought to have demanded at
least 81 500, 900 for the Eureka, and at
least 50, 900, 900 for the Richmond. The
same thing has happened over and over,
and will always continue to happen, prob
ably, for no man can with certainty tell
what is in the ground. But that Eng
lishmen can In America still find mining
properties with more promise in them than
any other investment is true, and it is not
brave in any English journal to represent
the English people as a race that can with
impunity be imposed upon.