The herald., 1893-07-16

will, oi course, depend largely on the
railway authorities. That several quite
important mining towns will spring ur
on the hundred miles of the Nevada
Southern-its present projected length
let no man doubt. All the indications
point to settlements at least as large as
at Bodie, while many we'll informed
persons believe that Virginia City may
be approached or surpassed. Such spec.
ulations are scarcely of any use, but the
fact that they are made by many pros.
pectors shows that there is something
behind this mining district. The very
circumstance that such men as Isaac E..
Blake, and other enterprising citizens
OF Denver, and D. G. Scofeld, and otner
men of prominence in San Francisco,
have taken hold OF the Nevada South.
ern, and are pushing it forward in an
energetic way, is itself almost guaran.
tee of notably successful outcome of
both the railway and the mining dis.
tricts which it is being erected to de-
velop.
Why should there not be abundant
money to advance plans of development
which are nowhere more inviting or go
varied as in the United States? Where
else on the footstool is there a section
which 80 imperatively calls for ex xplota-
ton and development as the United
States? or the available gold in the
world OF which we can obtain a record,
half of it has been obtained in the state
OF California alone. The chronicles OF
gold shipments in this state are, of
course, very inaccurate, because they are
said TO embrace twice as much as the
Wells, Fargo & Co.'s records show, and
they showed up to 1885 the shipment of
one thousand one hundred millions OF
dollars. In the last EIGHT wears these
shipments have been increased easily
$l2O,o00,0 900 from California, making
California's contribution to our gold
stock of which we have official advices
fully billion and two hundred and
fifty millions of dollars. Through other
sources we can easily count upon a
thousand millions more, carried east by
the hardy miners themselves.
Why should not capital be freely fur
niehed for the development of country
go opulent in the precious metals, and
particularly in gold, as California has
shown herself to be? The talk that gold
has been exhausted on this coast is all
the merest poppycoek. 1t was only the
other day that young man picked up a
gold nugget some distance to the north
esat of Mojave which was worth $3.50.
This was in the direction of the great
treasure deposits which have been found
OF the projected line of the Nevada
Southern railway. Why should not this
region. prolific in metals of all kinds,
from gold and silver to copper and lead,
revive the brightest memories of the
Comstock lode and Bodie? If not, why
not? For the last forty years it has only
been thought question of time when O
vast region OF country, loaded with treas
ure, running from Bodie down through
Mono and Inyo counties, and taking in
immense tracts which will be traversed
by the Nevada Southern, should yield
more gold and silver than any equal ex-
tent of territory in the world. The pros
pector has always placed its possibilities
high. Even with an imperfect develop
ment it has already given to the world
the phenomenally rich mining camps o.
Bodie, Independence, Ivanpah and doz
ems OF others.
There is as much money in the world
as there ever was. In fac., there is
more. Ii it were not for the craze to
demonetize silver the world would be in
better condition than it ever was
before. few alsrmiste cannot perma-
nently scare people to death. This
money must be employed, and there is
no office so eongenial to capital as to pro-
duce more money. In the region which
will be developed by the Nevada
Southern railway, hundreds OF mil
lions OF dollars, worth of the base and
! precious metals may be produced in a
| few years. Ii must not be forgotten
that small section of very ordinary
looking mountain in Storey county,
New, produced 1925 900, 900 in period
of less than twenty-five years. We
recur to these facts so frequently be-
cause there are very few people that
know them. Why should they no.
occur again, as all the mining condi-
tions appear to be exactly the same; or,
rather, they are far better, for in the
present mining region prospectors will
start under infinitely more favorable
circumstances of transportation and
intelligence than did those of the Com.
stock lode.
There il NO reason why ample capital
should not be available for the develop
ment of all portions of the rich mineral
country that lies between here and
Phoebe and Phoebe and Salt Lake.