The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1881-01-18

Cal year. gold onlyt Sold. silver,
lSl0. .ssJ,tCO,0.O - $4,000 Sl1, 9CO. Oj0
lIll.......,, O,OJO,O 600 5,bGa, 90 70 no pO1
isl5''" ''''' i4W1,O0 S,4'0 010 1866 COs
lel8".". 1850, 600 l3,pO,tOl 10. [30.LO0
i6I4......., 1913 $50 l2,23O 100 Is, 4pl,ODO
lsI5..". ..... I7,64O,0J0 1895, 500 q 200 coo
1876. lS,Ge,6o9 l7,3ls,OGO IS, O3O 900
lcII........ l5,0O0,OD 10, OSO, 600 5a5l0,C0
1873. .."., lI,OO0, 900 lR $40 900 21,SSD Ols
1873, $3.50" l7ljO,OyO 6,G50, 900 ll,9jO, 900
mated zee. l0,EOO,OgO l,OsO, coo Il, $50 900
*Tho quaRtity of silver rreduced in tho
state OF California is too small to 10 verify
OF notice, The saiaa may bs ,sid of The gold
in Nevsds, except as 10 the U9mstook load
fFrom the sssessoD' ard other returns for
nine months ended Gcotsmber 80, 1880, as
published IN the New YorS Miuiag Rssord
May %, August ID, September l8 aud
November 20, 1880
From tie foregoing table II will be OBJ
served that the annual probation af CSlifor-
MIA during the past eight ySals hss raulsined
pretty steady reaching liz highest point in
1874 and its lowest IN 1877, since which
time it hs1 increased Sl5.0OO,OOO, to ST.
100000. The steadiress OF yislS, y.ys She
writer, is ,atIibutAble to tho development of
hydraulic MINING, which lie leu subject 10
hazard, disaster or Interruption than any
other class of mining. The conditions Of
success are all hefors the miner. Little can
BIZ hidden or coucesled. He hrs only to fad
sufficient auEliesous gravel, water and q
dump. With these elements and capital
enough to bring them together bis success is
assured. Such being the case, it may be
confidently assumed that the gold product Of
California, which is now msinly derived
from the hydraulic mines, hsS been obtained
at d profit. In some easss the hydraulic
companies have made cent pbr ccst. within
the year; in many cGseS two and three per
cent. mosth.
On the other hand, the product Of Nevada
has been both diminishing and uuprontsble.
The product fell from ISL 100000 in 1877.
until list Year it csa hardly exceed $4,000,
900. This is in consequence of the exnaus-
ton Of COmstock lode. 1t cannot be denied
that this great falling off hes Sad much TO do
with the existing d0presiion On the Pacific
coast. 1t exactly corresponds with it ia
point of time. IL is Of sufficient magnitude
TO have largely or wholly occtsi6ned it.
Nevada ie 80 dependent on Csliiarai, I've min
ing supplies, machinery, mining capital, that
substantially every dollar Of her pf duct has
been expended in that state.
Up to the end of the yeer 1875 the CON-
stock mine has p,id $50 900 900 ~ Dividends,
and collected $40 100000 in assessments,
leaving clear profit of $42 100000, good
deal of which found its way into the
pockets of the people. During the
last four yeErs the Com,.ook has
paid about S20,000,O00 in dividends
and collected about S50,O00,000 in asses
ments, thowing a loss OF S30,OOO00O Sll Of
which came out of the same pockets. The
Comstock formerly employed soms 10000
men. 1t now employs lssa than one-hfth
that number. Virginia City is being DO
serted; tho consumption CT goods in and
about the mines amounts 10 y moro nothing;
the "lightnisg express runs nesry empty
every day. Notwithstanding tho predictions
and warnings OF scientific men, the people Of
the Pacific coast, dsEzled' by tho former
amazing prsductiveness of the Comstock
continued 10 believe in it after it had
failed. All classes, young and Old male and
female, rich md poor, master AID servant
gsmb'ed in COmstock shares. Thay soon
became prey te sharpers, who Induced
them to pay tho Assessments, while shRrsers
managed the mines and made exorbiiaAt
profits on the supplies furnished to thsEs.
The people were olso cheated through stock
"deals," by means of false reports and job
berry. 10 this way the ely Of San Francisco,
indeed the entire coast has been largely
drained of its resources Of capital.
Louisiana, at length, has concluded to try
the South American experiment Of substitut-
ing Italian for negro labor in itS cane and
cotton aelds The British steamship Sem
dis, which arrived in New Orlesns from Pa
lermo, recently, brought two hundred. 2nS len
enigrsnts from that country. Other laborsrs
Of the same class are expected in large num-
bers during tho winter and spring
Messrs, Lsgru 81 LsvRlls have recently
arrived at Montreal from France, and are
prepare TO carry out their contracts in sroct-
ing beet-roSt sugar factories in Ave
places in thSt province. The 8rst will be
erected at Berthisr, and will gvs employ
menl TO one hundred asd twenty perssns,
turning out $50, GOO pounds Of sugar Gnnu-
ally. The stock Of the company Is said TO
have b en- sub,ofibed in PAris.
A Mexican Journal states thst She actual
annual commerce Of our ncighbofiug repub.
lie with other nations, according To the latest
official data, is as follows: Imports, 800 600
000 exports, SO, 100000 o precious
metals, S2S, 10000; total, sos, $50, 900. Com
pared with tho population, the fetal equals
So 50 for each inhsbitant, willis tho United
States equals $27 per head, Cuba $l20 per
head, Spain $l7 per head.
Galveston NewS-George Breckenridge is
man who never has money enough on hand
to pay his bills. A few pays ago he bought
apair of boots on credit.
SLOW much are they?'
"Five dollars, if you buy on credit, MS US
ual, but ten dollars if you pay cash down."
SLOW is that"
"Well, you see" said the Supplemented
shoemaker, wen | sells on credit | knows 1t
is dead loss, so makes the less 50 schmall rs
possible"
"Gath," in a dispatch TO tho Cincinnati
Enquirer, thus speaks of Jay Gould's wealth.
"That is something almost beyond COM
putation. You take hiS operation in Ameri-
can Union Telegraph stock. understand
there are fifteen millions OF that stock out
He sold the bonds, say So 100000, at par,
and built the line with that money. Con
sequentiy the stock is pure creRtirn; and
yet it is going up rapidly, and ! suppose will
go to par. Plenty of it is bought every day,
and no doubt it will consoidslo with West
ern Union. In that case Mr., Gould would
make Sl5 900 900 if he had sold the whole Of
his stock at par. We may suppose that he
has sold q large portion of it at half par,
and left the remainder, and sea If he can
market it W | can soc no reason why he
$1,000 al least in that per-