Daily Los Angeles herald., 1881-04-13

on manifold grounds, that the
stock board should utterly cease to
exist. Its demoralizIng influence
surpasses everything of the gam.
bling or lottery line heretofore
known on the American continent.
But, waving the stock board 40.
pect Of the question, what Califor.
mia needs most desperately to-day
especially that portion of the
Golden State dependent on San
Francisco-is q new and big bo-
nanza on the Comstock, with divi-
dends corresponding 10 those of the
Consolidated Virginia and Califor-
mia days. The supercilious, pros
porous East Is amazingly indebted
to the Comstock lode, which is of
quite recent date, admitting that
that section has already forgotten
its obligations to California. In the
comparatively short period since
the Comstock has been worked re.
muneratively 1t has yielded
$ss3, 600, 900, in gold and silver, to
the circulating medium OF the
United States, just as California
had previously yielded almost four
times that amount. Subtract
these sums from the coin reserves
Of the United States treasury, and
from the stock Of gold and silver
which exist in this country to.
day, and the proud and progressive
United States would now be q vas-
sal to Europe, with resumption a
vague and penumbrous possibility.
California would hail another
large Nevada bonanza with &C.
claim because her people have at
last grown wise in their day and
generation. They now realize
that we have, in our soil resources,
q means of incompatible wealth
of . wealth far beyond the
dreams Of avarioe. The day is not
distant when the wine and brandy
production of this State will rival
that of France, while the produce
ton of the cereals here Is as yet in
it's infancy. Our people further
realize the expediency and necessi.
ty of the development of manufac-
lures on this coast. Our present
comparatively low rates of usance
for money indicate that the day
for profitable manufacturing &C.
tivities has at last arrived. A new
bonanza would be largely in.
vested In home industries. Fol
thirty years California has been
exporting the crude mate
rials for manufactures to the
East in prodigal abundance. Oul
wool and hides, II handled in thii
State by intelligent artizans, con-
stitute the conditions of almost
incalculable wealth. One mors
bonanza from the Comstock lode
with large periodical disburse
/, mepts of cash in dividends for tb'
space of two or three years, woult
now give splendid impetus to ,
State which has more abundan
and varied natural resources thar
any equal eXpanse OF the earth
surface. Above all things, it is i'm
portant to San Francisco that tn
, Comstock lode should render thi
last service to that city. AS.
place OF three hundred Thousand
inhabitants San Francisco is real
ly the outgrowth of the prodiga
treasure output of Storey county
Nevada. 1t would be unkind IL
this memorable lode not to do the
handsome thing by its own crea'
ton. We really hope, in the in
terest Of this State, and of the me-
tropolis of the Pacific, Coast, that
the rumblings now heard at the
base of the venerable old Mount
Davidson are not the orchestral &C.
compartments of a new shyster
stock broking deal. The railway
and geographical situation is now
against San Francisco. She has
gone her whole pile on the Com
stock lode, and it would be unfillal
in that storied ledge now to desert
her protege. And, hitherto, the
Comsteck has had q fashion of re-
spending to such demands, after
the faith Of her devotees had grown
cold and everything looked as blue
as blazes, rs it did the other day.
LAST NIGHTS NEWS.