, 1880-09-17
,.,nees. j cannnt bcllevn II 10 l,c no near Its
gti,i rnt.s M rfttDrjptl. thOttu1l have 1Dnff

eeiifWo06 eiIi lmr month uf shipnlcflts .c0uil le
maintained f0r at least y!rar. 1t Is possible
ihat from its enormous shipments, .ttC re-
f fsa far different matter from exi!ai,stng tho
nine. Moreover, the expensive pnly ahaft,
nil, It's tinc machinery ,ntllnnF tho best II,
,he State,-wonld hArtlly ltnya bceh hnflt, Ns
@ If; t eSn{ sy s @ ony S!;e' Il e t1f e,f 4" Il % It'll! f
liz Cbirf ground lnls not bcrH exrtOrctl fur
,niur,,I and 1la one nus II right to nss,llno
that II Ii barren. ,Furtheri,nre. III tl0n0 uf
these. properties llas tho regular fnot-wall
sgI1ered us l,o true iloor OF tic car6onnte-
deposit, been rcarled; mid tho lowest
mineral IL generally the richest, as lis greater
9rnyity cAtised It 10 seek tl!e lowest Lowell.
Jes' III ! was leaving .ea|lyiIIe. q gentleman,
nc Tint In thu I.ltlc llttsl,nrE Its deep wurk-
invs l!u,l reached botly Of strong catbonatcs
vi Viii thesu iacts before yon, It lnay bo pet.
tlncntly asked why the financial kings who
seek TO- dcprcss their owl! properties. My
answer s, that these operations arc III strict
pursuance u
CALIFORNIA METHODS,
tho genius or which consists In making
muney from manipulating Of stocks. rnther
iarna nperntors took told Of these properties,
there wns llp rutrOErndle aud no failures. The
first pr|nrlp!es OF t!Ils system seem, to be-,
10 stack the properties enormously; tlleM III
output. 50 rs t0 mako lnrRe dividends on tho
Inflated stocks. The l1eXt step Ia 10 secure
cxtrasaRant reports frnm wcl1-knUwn ex..
perts; iss'. G., flaming prospcgGt.Is and sc!l
5ss!y ss ys # " @ e frs rstory I Jp p1Ssssi p4asen
S s9'rt telr o. ads s lfs isvIuN stl ,,oasa 1salls
lilo next thing Is 10 ,lcpress tho stoeky by;
every conceivable means. Tho force Of meil
pIoration, work Is Eartly nlantlonsti, noes
tick Will, runlOrs that tic reserves uro cx. T.
lansic.I, mMl that the ore-.body proved 10 Gu
onIy \ yast pocket, wlicl, has been e,np.ted,
A|yIdentls, md by tic constant poi,ntlifig By
The kings Of tho market, confidence Is lost,
Tl1E nEsuIr Is 1yEv1rAnLE:
Small spectators are unable u meet tho
continnoIls t!elllauI Tor margins, poor IN
e'td, aud tlie st!rks are thrown upon tho
market for what they will bring. When tho
l!Wcst point ls reaellctl md tho Katnc Is fully
played, nr!yase brokers arc quickly engaged
return to their original! l!oitlers. Then Tho
ttGe changes; rrpurtx of new strikes I'LL tho
pal,ers. great Ort-l,oGlrs are tlisc0rcrct1, ynst
dividends, nrc declared. another boom IL ill.,
ang,lratcd. and thu |'a'k-aceount Of The pro-
n1o.crs Is enlarged by MILLIONS. II0w elsp
wcro tho colossal, monumental fortunes Of
Flood, U'IIrien, Mackey, Falr, N0Uerts,
aud other Comst.}ek men accumulated! /
am satisfied! tllat tho sanlo operation IA now
There is n flow following every ebb: t}le ycn
i CONSTANT. Yet the smile Is not quite per-
feet: there In MI end tn even tho best ltitics:
TUG ore Withdrawn tttps mt return. hut
w!at menn 10 sny Is, TINT the mines are not
!et sSi'..stea' una .......- ,......
M1''. ~ ~, LAY y u n'sfhESns pen foE YEATS TO COME:
not prudent 10 sci nj the II iawer' ol,cs, In
jusicr IL Our Lieut.. t..i;ov, Tabor. must eX.
aea!nst tho orcraofs M i'er tlieso UNI tae,'.oas' S
o cuses ton t., ost o. T of lis @ 1in;nm mi IniH i"tsrests IT,
In which IFS fulfill Inns never Iaifcrc,l: Md
tint liz Is honestly JEALOUS for tic reni s,tt..
cess Of tlle lslfmes aud Il ialr management Of
them, Ile lsas prouAbly .lone mare tlln!i aiy
nntt spends his magnificent income lntiiiiii.
Gently III wHrEs al 1jt1llltc imnrnyrn,ent.
a most Injurious result nf tllo C1jifornjn
system has lleen ts bIIgliting i,Iil,encO l,luii
1ae!s 5n rofr1ess; ~ I,:1x a t'o T. fiseEaent i wll
al urfY,rcix In ii,a cntlonnIa ,,strfoa tht.
mineral deposit It's oll.ost nlvuys Injnw the @
surface, at lcptl, ynrying from 100 to
w. w. Ut ,Wo ,eet' ~ is co'ni1ni' assertion that
Tun u.,l,l1 wiS " HamN.reu " Inc sltnfts about
ir". ht 4 t'is u yef s!ren ta, !nt Is
a!et ~ Mas oSer nrci, si!nk to depth whiel,
~ ~ sl'WS 10 10 necessary ln order
az, !" ane tnt tMG u.nGMy venture iMtther 70
nay, IN IT, LILY ou!!aii ol these "onia slflko
'"''0'f IF ~ sgSx gSp" TO 'u@iay '.Ho,.,s,r ,,rpr,
stappage of capital has ca,ecd tho fnilurc,
rather tlnn lick of ORA. Dnilv eynrsln,,eIs
demonstrates this fact. Some l,ave l1eid 10