Year: 1870

money is needed on This coast the San Francisco
Bulletin agrees with the journal " that the time
for exclusive specie circulation is past and that
paper money of the right sort is one of the
necessities of the age" Crippled in every depart-
ment Of business, we are naturally led to inquire
the cause of and the remedy for this state of af-
fairs. As general rule when things have gone
wrong, it is easier to detect the mistake than to
provide against its recurrence. The habitual
entrayagance of Californians, their want of unity
in matters concerning the general good the lack
of sufficient circulating medium, mQnopoyzing
rings, and the short-sighted, ilberal policy
adopted by the capitalists and business men of
San Francisco have all contributed their share
towards bringing it about. A sound banking
system on a specie basis will undoubtedly afford
same relief, but will not suffice of itself. AS
long as we are extravsgant cash box will be
depleted no matter how large our income. We
must not buy abroad what can be produced at
home and home productions must be encouraged.
Perhaps the most important point of all, and it
is this to which we desire especially to call the
attention of the San Francisco press, is the pol
icy pursued by San Francisco toward the inter
iOr. For years past the coin on this coast has
been accommodating at San Francisco. Sitting
at the Golden gate, the interior has been COM
PEELED to pay her toll on almost everything con-
sumed. The growth of the bay city in wealth and
population is unparalleled in the history ofciviliza-
tion Built up by the toll and enterprise of a
generous and ambitious people scattered through
the mining and agricultural districts, what has
San Francisco done in return? Nothing at all.
In this we submit her business men have fallen
far short of wisdom New York city, Cincinnati
ST. Louis and Chicago, with sagacious foresight,
aided and built up their markets, knowing full
well their investments would return them COM
pound interest. The policy would have
similar results bere In draining the interior of
its 2oin and investing the same in real estate and
ring" operations, San Francisco killed the
goose that laid the golden egg. To exemplfy {;
This county has sent millions to the bay not
dollar has been invested here in any form. To
show what might be done, we assert that $780,
600 could be expended in this county by San
Francisco business men so as to return good in
terest on the money, and in addition make sale
for 81 900 900, worth of goods per annum more
than now sold to our merchants. We think
We can demonstrate this.


DON'T SELL THE MINERAL LANDs,--An old resi-
dent of El Dorado county writes to the Scientific
Press opposing the sale of tho mineral lands
What he says is this


When a patent or fee simple is obtained by
the agriculturist he becomes the owner, not
only of the soil, but what is in or under it ::
hence the miner is excluded from prospecting,
or, if he does and makes valuable discoveries it
must be for the benefit of the owners of the
land. One case of the many in this county
will mention One man has some 900 acres
fenced with substantial board fence, and has
for the last fifteen years been anxious to obtain
a title to it has wished to exclude prospectors
from operating within his inclosure. But miners
prospected, found pay, located claims, brought
water on the ground, and within the last three
years have mined up some ten acres, from which
they took $35 900 to 40, 900 aud this is proba-
bly, only part of the good mining ground within
his inelosure If this individual with thou
sands of Others could have obtained a title to
this land twelve years ago, millions that have
been sent from this country ia that time would
now be bid in the soil, with no prospects of its
being in circulation. From the best Information
] can obtain, the amount of gold mined out and
put in circulation from this county from I849 TO
1862 was more than $4 1000, 900 per annum
and from 1853 TO 1868, more than 81 1870, 900
per annum. AT the present time it cannot be
less than 500 900 per month, and this without
being hindrance, but really great benefit to
the agriculturist, for it gives him cash for his
hay, beef, pork mutton, milk and butter, fruit
and vegetables.


ANOTHER PAPER IN HuMBoLDT-We have toll