Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1880-04-10
TRANSFERRED PROSPERITY.

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New York is profting well by the
transfer OF the mining and stock dsaiine
business from San Francisco to that
place. Latest advices from there say
tina, tie advance in real estate. especially
within the past few months, has extend
cd throughout Manhattan Island. the
annexed districts. and Brooklyn. Some
property has increased in value q hun
dred per cent. but the general advance
In much below this. Rents have raised
everywhere. but not in proportion to The
rise in the price OF property. Tenants
submit to the increased demands OF
landlords. in view Of the improved state
Of business. And this has been brought
about to q very considerable extent
through the missionary efforts Of Kssr-
ney. Kalloch. Cannon, and their com.
munistic. seditious accomplices. The
people OF San Francisco supinely and
stupidity allowed these incendisry agita-
tors to have their own way. and in fact
the indefinite desire for Q change Of
some sort, combined with the usual I'M
reasonably jealous feeling against mon
eyed men and moneysd influence in
duced many to side to . considerable
extent with the agitators. But ~ min
ing capital and speculative business en-
ergy quietly gathered up its resources
and p~rudently sought q safer and more
welcome field for Investment and enter
prise. people began to wake up and see
what they were doing and allowing to be
done.
What has gone cannot be recalled. and
San Francisco must divide the honors
with New York. the mining center for
the Atlantic coast. Indeed forthat mat
ter New York will Don far surpass her
ms q mining center. Already the most
prominent stocks and mines OF the Pa
ciio Coast aud the vast interior are listed
and dealt in in New York, yet more Of
the stocks OF that section find. or will
find, a market in San Francisco. One
by one. especially during the past year.
our most famous mining men and stock
dealing capitalists. men who have and do
swing millions in daily transactions.
have taken their departure and trans
fsrrsd their operations to New York.
We used to see. hear and feel their pres
ence and influence. but We only read OF
them now. The whitening curse Of the
commune descended upon Mob Hill. and
the noble city Of the Arsonauts by the
Golden Gate shrank defencelsss beneath
the paralyzing stroke. A little OF the
old fire seems returning, and the old
time spirit and energy is coming to the
rescue, but n criminal mistake has been
made. . fragrant social and political out
rage has been allowed, and II is not easy
to recover from the consequences.
Yet there Is hope while the spirit Of
"Forty. nine Is lives. The time was
when Kearney could not threaten to
build q gallows without having 1t built
for him. The time was when On unprin-
cipled religious charlatan. o nomadic.
character. stained adventurer could not
be Mayor Of that city. and Kalloch could
not sympathizingly haransue q mob Of
incendiary agitators. offering to be their
leader, without being led away with a
rope around his neck. Tho time was
when all such seditious pirates were not
allowed to flaunt their black flag in the
face Of the community any longer than
till il could be torn down and those who
raised it either raised upon the gallows
or eIilsd abroad by the shipload. Such
q time may come again and the obnoI-
ious elements referred to should not be
oblivious Of the fact. for they will not
DO forgotten or omitted in the cleaning
out and regeneration that must follow.
San Francisco must and will recover
from her dimmed prosperity. but not
while she allows communism and sedi-
ton to rule.