The Arizona sentinel., 1881-08-20
EDITORIAL NOTES.

Angeles paper think they hav
 got all the other newspapers il
 the proposed new State of Soul
 California to favor the division
 They argue that they can assume
 their proportion of the State debt
 and still conduct a state govern
 ment for less than it now costs
 them. And then, too, it will be
 so nice to have a little establish
 ment of ones own-to punish
 one's own naughty children, and
 "reward the virtuous."
 We have noticed in several ot
 our San Francisco exchanges the
 name of MT. John F. Knapp, "Of
 the Yuma SENTINEL" Whether
 this is done with his consent and
 knowledge, or is mistake of the reporter, we know not; and we
 would be 10th to think that MT. Knapp would give currency to such a report for personal advan- tage. By reference to our pros pectus, in the first column of the first page of this paper, it will be seen that MT. Knapp is no longer connected with the SENTINEL; and it will also be seen who is "of the SENTINEL"
 That brilliant light in the field of journalism, the temperance ed itor of the San Francisco Bulletin, has been borrowing Illuminating power from the Los Angeles COm- and has elaborated into an editorial that pleasant para graph printed by the latter paper about the tramp who was sap> posed to have heen found dead in one of the water csrs of the s. P. R. R. It is unnecessary to say that this item of news is a groundless fabrication. In the | of the day, 'it is too utterly utter," and displays a de, gree of ignorance that is absoluter y profound. The Bulletin de- serves the pastry. for either extreme credulity or downright y1ng.
 MT. Lloyd Tevis, President of Wells, Fargo & Co.,, in his paper cad before the American Bank ,rs' Association, at Niagara Falls, 10th, gave some pertinent deas upon the subject of mining, md speeuation in mines. He avs:
 Mining for the precious metals s necessarily a business involving uncertainties. These uncertain> ies are of the nature of the busi- less. and, as in lottery, it is the blanks that make the prize. If ich deposits of gold and silver ould be readily and certainly ound and worked continuously, hese metals would lose their 'alue. By the uncertainties which attend the search for the 'reciOus metals do not pr yant he business from beirc a Iagiti- | nate one. They merely create a , eculiar need for care. t5re- bought, knowledge and prudent | nergy, which gives 10 tGase ! ualities large rewards. Pursued t ldiciously, mining fer the pre- ious metals should, upon the av- rage, return as good and sure a rofit upon tne capital invested as f ny other form of production, U, nd there is no better and safer 7 than gold and silver '. hines carefully selected and pru- T. |. ently worked. tf .I
 Nor is speculation in mines, (. ny more than speculation in oth'' h r things, 10 be in itself con- ~ ,, emned. t is not necessary to m II, ay to af assem blaze like this, f, nat it is q mistake 10 regard all VI V, DeculatiOn as evil. Without VI DecuiatiOn there could be little t' ' ldustrial or social progress. Di- ~, r, est any community entirely of i, nat spirit that seiZes OppOrtunl- fl es and is ready to risk where it h lay gain, and the energy that . 2 ressps forward in newand great n r enterprises would be gone. n or Would such a community he s 1Ie to provide for the contingent es Involved in the varying laracter of the seasons, the all r. in trade, and the vicis' tt rudes 10 which all human beings e "a liable. For the speculatOr is le ten the ecOnOmizer and providT n r, as he is the inventor and the }th.f der. He, for instance, l- in time of plenty anticipates n
 me of scarcity, and buys "
 tdstuffs for an advance, it was tt
 r. l. n