Year: 1875

SAN FRANCISCO, Feb. 10, 1875.


DEAR TIMES -" Sufficient unto
the day is the evil thereof" but the
evil now is upon us, and it is per-
haps good time to moralize. Who
at this same time last week, could
possibly have believed that the big
bonanza would have had so little
power to hold up stocks, as it has
seemed to have done; and yet the
bonanza has strength and plenty OF
it. People believe in it, people swear
by it, and people swear that the mil
lionaires have plenty to hope for
from 1t. 1 don't believe, nor you
don't believe, that Flood & O'Brien
have swallowed the whole of it; but
plenty of people do believe that their
little all has gone to develope solid
silver, to roll into the pockets OF the
big owners; and the big owners at
the same time, have lost faith in
their own powers to hold up the
market, which to tell the truth, ev-
cry body that has not suffered, Is
very much inclined to believe they
would like to have done.


Moral lessons against stock deal
ing, they don't believe in; and to
hold UP the stocks, to make the busi-
ness popular, has been the desire 1t
is said, of some of the dealers in this
last campaign. Having got rich,
thev would like to be thought very
respectable; and to be respectable,
it was beginning to be considered
necessary to give different coloring
to the appearance of the thing, and
the whole bearing of the present
moral lesson was, to prove by the
Chronicle, Post and Alta, how neces-
sary it was to the good of the country
that mines should be developed; and
how very important it was, that for
their country's good, people should
sacrifice themselves, or run the risk
of sacrifice.


This state of things has brought
rrist to the mill in more than one
way; and now the demoraiized tone
of the stock market, the sad state OF
things generally in California st.
has left an earnest conviction in the
minds of small and great, that mines
have their difficulties to encounter
that even the most skillful manipu-
lation cannot dispose of. Most peo-
pie believe in wealth, under all cir
cumstances. One sensible woman,
the wife of one of the great " l ans,
of the stock market, is giving rich
lessons. " 1t is not in my power,
said she, "to return the compliment,
the fashionable world is choosing to
pay us. Now we are rich, | cannot
give parties, it would shock my sem
sibilities, to have to cut my old ac-
quaintances with whom l am ac-
customed to enjoy life, but to mis-.
them with the class who now seek
us, to pay court to us, would be out
of the questions; it would either sub
ject them to expense they could not
afford if they felt it necessary to ac-
cept my invitations or subject them
to ridicule; in either case it would
be Objectionable.


Stanford is building fine resi-
dence, to cover an immense lot, and
to be able to overlook all the rest of
of the fine dwellings. 1t will be so
conspicuous that all the neighboring
towns, and Mount Diablo in clear
weather, can have fine view OF it.
Whether Diablo will become out
ragged and feel itself insulted, by this
prominent attempt at rivalry, we
can't say, but it seems to us, where
ever Mount Diablo is to be seen on
this side of it, Leland Stanford's res
idence can be beheld to confront it;
whether the gentleman means to
defy the devil, perched aloft, as the
natives supposed OH the mountain,
he is very likely to get good shak-
ing whenever the bowels of the earth
are stirred up in an earthquake, and
to feel the full force of old Boreas,
whenever his majesty attempts one
of his northers. God speed the hum
dred men however, who are laboring
to make one railroad king more com
Portable; and the hundred more who
will have to be employed when the
actual building commences, for as
yet, the lot is only being graded.


The Assessors office has been de-
elared vacant; and Rosener is find
ing what comfort he can in the be-