Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1880-12-01
THE WORK or THE NEW CON.
STITUTION.

If the new Constitution OF California
has worked as badly for that State as the
press seems to think, it has indeed been a
dear piece Of business. The Alta has an
elaborate article, assuming to show the
evil consequences flowing from it. Among
other detrimental results the Alta pre-
sents the following: First, a shrink
age of bank capital of sl3, $50, 900 Sec
ond. a shrinkage in savings banks depos-
its of 800, 900, 900, with a decrease in the
number of depositors OF 20, 200 third,
A decrease in real estate sales from S24,-
900. 900 to $40, OOG, 900 in 1879, with a
decline in real estate values of 20 per
cent; fourth, a decrease in the number
Of houses built from an average of 1000
annually to about 300. The Alta also
shows that there has been a heavy falling
off in the population of the city. But
we are not prepared to believe that all OF
these disasters are traceable to the new
organic Act of the Golden State. Every
thing had been wonderfully inflated in
San Francisco for years prior to the adop-
ton of the new Constitution. A decline
to something like a solid, bedrock basis
was inevitable. The collapse OF the
stock market and the temporary depres-
sion of the mining industry on the Com
stock and elsewhere have had as much to
do with upsetting matters at the Bay as
any other cause, or half dozen causes.
The Leadville excitement also contrib
uted something in the same direction.
A great deal Of mining capital went to
New York simply because New York
presented the better speculative field.
The completion Of the Southern Pacific
Railway will not mend matters. On the
contrary, we may expect to witness the
rapid growth of an immense mining bust
ness in the southern country, with head
quarters in the East. The business COM
munity Of San Francisco must bestir
themselves if they would avoid still
duller times.
THE SITUATION IN IRELAND
The situation in Ireland does not
change. On the one side we have the
Government slowly pressing the policy of
coercion. On the other we have MI.
Parnell and his followers with an irritat.
ing policy of agitation. An English
newspaper calculates that the cost of the
English Government of digging the crops
of Mr.. Boycott will bring turnips up to
twenty-five cents a pound. This gro
tesque statement shows the real difficulty
attending the Irish question. Mr. Par
nell calculates that it would take a mill
ion Of men to enforce the eviction laws
in Ireland against the Land League.
To put the question as a problem Of
mathematics, let us ask "If it takes
four Thousand troops to harvest the crops
on one estate in Ireland, and that not a
large one, how many would it take to
settle the land question ?"
This is the position which menaces Mr..
Gladstone. The Premier has enforced
the law at Ballinrobe. He has shown
the peasants of Mayo that the British
Government is strong enough to gather
the turnips and cabbages of MIR. Boycott.
But the Land League proposes to treat
the landlords all over the country as it
did MI. Boycott. OF course the Govern
ment is bound to stand by all as it stood
by this gentleman. Unless there is some
solution Of the difficulty it will, as Mr..
Parnell says. require a million of soldiers
to carry out the nolicv of Rallinroba.