GOLDMINING.

Mount Ida Chronicle, Volume II, Issue 139, 27 October 1871, Page 3

GOLDMINING.

Australia sends to our next Fair a gilded pyramid, representing the annual gold product of one of its great mining districts. It is three and a-half feet base, and nine feet high, representing seven and one-half millions of ddlars."'

This suggests a pyramid to represent the twenty-six millions of gold yearly produced in California. There" in au impression abroad that goldmining don't pay; and that as to business, it is extra hazardous ; a species of gambling, The press of our city h- s done a great deal to give it this character ; perhaps not by direct attack, but incidentally, in writing up the farming and laud speculating interests. It is wonderful how generally land speculators aud the press have got the idea that the best way to help speculators in town lots and wild lands, is to run down mining as an investment. We are beginning to see the insanity of this. The effect is plainly discernible. We have inflated lots and lands to our own destruction. The revulsion proves that, as an investm nt, they are subject to quite as much risk as they have charged to mining. Now, we may make bold to say that, if goldmining were as well understool by the public as speculating in lots and lands, it would appear that our best paying investments are our gold mines ; and that prudent men, who look before they leap, and who go into mining with competent capital and reasonable economy, seldom fail to make dividends as regular as any other business. Indeed, very few industries pay so large returns. " Circumstances are not favorable to manufactures here. We have double the number of shops that can earn subsistence. Farming is yet to be tried. Hamming is not farming. A <ity like San Francisco cannot be sustained in its presrnt valuations without increased development of the great speciality we possess on this coast above all the rest of th ; Union. All the world produces wheat, and we feel its terrible fluctuations from the weather and from capricious

markets. These are risks far exceeding those of goldmining. It has eotne to pass that we have run speculation in the ground, from which it has no inherent power of redemption. We must quit speculation and go to work for awhile. What have we to do that will pay and give employment to keep with us the population that u now nearly half idling around, if we do not goto mining H Ask every man, woman, mid child what is their greatest desire ? The answer is, gold! Every tongue proclaims it. Have we, gold for all ? Assuredly. Then, what hinders us from picking it up ? Nothing in the world, but fair showing of whn'fc gold is being yearly picked up by those who are mining. How steady is the business can be shown by the steadyproduction. Nothing can give a fair conception of the success of goldmining equal to the exhibition of a column representing 28,000,U00 dollars of gold produced, year by year, with the steadiness almost of clockwork. Let men talk it down, as their supposed interest prompts; all talk goes for naught before such a pyramid of solid demonstration. It is a sight which memory never can forget; an argument that needs no enforcement. Let us have the golden pyramid!

The universal idol Gold ! In homage each u:iit< v a : Without a temple He's adored, Ami he hits no hypocrite*! —' News of the World.'