Year: 1874

five are TO place reliance upon the
statements of those who, from their posi-
ton should be conVersant with the facts,
there is an overplus of capital in San
Francisco, the owners Of which are de-
sirous of finding safe Investment. In
seeking such opportunities heretofore,
distant fields seem to have been preferred
over those which laid almost at the very
gates of the city. The fever Of specula-
ton which led to investments in wild
cat" stocks is passing away, and in the
pursuit Of safe and legitimate openings,
the gravel belts Of the mining counties
offer inducements which should not be
overlooked. The business Of the city is
amply provided for, and now the wealth
which, for a quarter OF a century has
ties TO build up and enrich the metropo-
lis, has at last filed its Golfers to repe-
ton and can no longer find profitable in
vestment at home. The disproportion
of the wealth and population Of San Fran
cisco to that Of the State at large has, for
years, been the subject Of comment on
the part Of the interior press, which failed
to see why one-half the wealth, and one
fourth the population of the State should
be centered in its chief city. Ii was felt
that such could not be result Of the op-
eratons Of legitimate business, and this
feeling was strengthened by the fact that
while the metropolis constantly gained,
the mining counties as constantly fell off
in wealth and population. 1t has been
apparent for some time that this condi-
ton of affairs could not always continue,
that the prosperity Of the State is de-
pendent upon more equitable distribu-
ton of producers and consumers.


Thus fal the mining operations of this
county have been carried on with little or
no assistance from outside capital. The
shallow surface mines, the beds and bars
of the streams, were made to yield up
their treasures with the simple appliances
of mining and the limited water-power
heretofore used. But that era of mining is
passing away, and will, ere long, be as
much feature Of the past ms is the day
OF the rocker and long tom. The fields
now being worked are disappearing be-
fore the assaults Of industry, and min
ing, to be remunerative, must seek new
fields of labor and new methods Of oper-
alton. The gravel beds, the source from
which the riches of the creek and river
channels was drawn, offer these fields of
labor, but their wealth will remain hid
den unless capital can be brought to aid
in its development. Labor, unaidcd save


by its own fruits, has added millions to


the treasures of the world from within
the bounds of our county, in the quarter
Of century since the tide of emigration
commenced setting to these shores, but
labor, unaided, is powerless to attack the
mountain deposits where the wealth of
the mining counties is now buried. To
the dormant capital Of San Francisco the
gravel beds Of Trinity offer opportunities
for investment certain in their character,
and safe in their results. While the
gravel beds Of Placer, Nevada and other
counties, heretofore more accessible to
the lines of travel and communication,
are yielding rich returns to investments
there made, those Of the Northern coun-
les are as yet unprospected. But with
the establishment Of railway communica


ton almost to our borders, we are now
prepared to offer equal advantages for in


vestment with any Of the counties we
bavo nan'od. Wo no lonsor occupy tho
isolated position which we did few
years ago. If the accumulated capital
Of San Francisco will study its true in
terests, it will make an astonishing revolu-
ton in the aspect of mining affairs in
this county. Here are extensive gravel
beds unclaimed and unprospected 9th
ers, again, whose value has been demon
strated, but which the title of could be
obtained for a comparatively triding con-
sideration, with water privileges unsur-
passed by those Of any mining section
Certainly no better or safer field for in
vestment can be found, and we have the
right to expect that when its advantages
are once fully known, the resources of
Trinity will speedily be made available.