Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1880-02-06
HARD ES.
A Dissertation ON h Cause. and .
Proposed Remedy.

:.
Proposed Remedy.
EUREKA, February 4. 1880.
EDITOR SENTINEL: The question Of
hard times" the reasons therefor, and
how we can better our condition, agitates
many minds. Some think that stocks"
are carrying off our surplus funds
and keeping money from being more plen-
tiful and business active. doubt it. One
firm in this town, as I have been told by
one who knows, imports $4,000 gold per
month, the year round, and l have no
doubt but there is a much greater amount
imported by other business houses. II this
money is constantly coming in, it certaioly
does not go out either through the banks,
express office or Postofice; for upon the
same authority Zone Of the above frm) an
equal amount is not exported by all the
business firms in town, banks included.
1t could not be used, or for payment for
purchases by our merchants, for, if so,
the demand for imported coin in such
quantities would cease. 1t Is not carried
away in sacks, nor is it returned TO the
banks for drafts. Now, what becomes OF
this money? | conclude that we have in
our midst hoarders, who are quietly alb
sorbing the surplus coin. We know that
the Italians and Chinese are OF that class.
We further know that there is a class OF
thrifty miners in our midst, who are also
notorious hoa~ders, and that all OF the
above will not launch out their coin unless
they see others, their business superiors,
our enterprising and energetic men, branch
ing ont and setting an example, and, by
their enterprise, convincing the world and
them that they rave faith in our camp.
! further conclude, from the above, that
there is, then, plenty of our own capital at
hand, if it could be got, and was properly
used to help ourselves and make our camp
prosperous without outside aid. That
if those who are able and ought to obviate
the present condition of affairs, would put
their shoulders to the wheel, would do SO,
our camp would present in sixty days such
a beneficial business change, that all it
would cost would be repaid four-fold in the
next year. 1t seems to me that while Lead
vile and other camps east Of us are send
ing out their agents and bringing in car
loads and stage loads Of mining men to
visit, inspect and report upon their mines,
Eureka has gone to sleep. few men, with.
out any capital to speak of, are struggling
desperately to dispose of a few pieces Of
property, while twice as many more "dogs
in the manager" are blackmailing every
mine or person that has the least chance Of
success.
Now, my idea is, that our business men
ought to consult together, as to the best
means to make our resources known. We
1,,n1k 30 la1A m or in 4ha
East, paid, to fully represent our interests,
and to hold out inducements to mining
men to examine our District, purchase and
work our mines. We ought to have a club
room, or rooms where such visitors and
miners themselves could resort, if they de-
sired, for mining information; where maps
of our mines could be seen-with prospec-
tus, if propcr-and specimens of our ore,
assays, etc.. and where Information de-
sired from abroad by would-be purchasers
and others, could be given with authority
and certainty. Such a plan could be easily
carried out for SO .000-even $40, 900
would go a long way to carry out the de-
tails Of such a plan. There ought to be,
even now, in these hard times. in this
place, 90 men who could easily subscribe
and pay 81 900 each, in the next year, who
would be directly repaid by our increased
prosperity. There are plenty more who
ought to be able to subscribe aud pay lesser
amounts if it was necessary, but it may not
be necessary.
Thus, as confidence is demonstrated by
our citizens, outside capital will be sure to
flow in, business will revive, and many a
boarded dollar will once more see light, to
fill up, with the rest, the measure Of our
prosperity.
This ia nv Mace. II il proyokes respect
full discussion and results in "works," then
the object Of this article will have been ac-
complished. Respectfully,
n n IT