GOLDMINING.

Nelson Evening Mail, Volume VI, Issue 209, 4 September 1871, Page 4

GOLDMINING.

(From the News of the World, July 18.) Australia sends to our next Fair a gilded pyramid, representing the annual gold product of one of its great mining districts. It is 3£ feet base, and 9 feet high, representing seven and one-half millions of dollars. : This suggests a pyramid to represent the twenty-six millions of gold yearly produced in California. There is an 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 has done a great deal to give it this character; perhaps not by direct attacl?, but incidentally, in writing up the farming and, laud speculating interests. It, is wonderful how generally land speculators and the press have got the idea that ..the best way to ; help speculators in town lota and wild lands, is to'run down mining as an investment. We are' beginning to see the insanity of this. The effect is plainly, disoernable. We have inflated lots and lands to our awn destruction. : The revulsion proves that as investments, they are subject to quite as much risk as they have charged to mining. .Now, we make bold to say that, if gbldmining were l as well understood by the public as speculating in lots and landfl,fiMwouM!:app««r thl* pur beet payink inyeatmente ai^e our, s ,gpld mines ;

they leap, and who go into mining with competent capital and reasonable economy, seldom fail to make dividends :a,B_regular as any other business. Indeed, yery few industries pay so large returns, instances _are not favorable to manufactures here. We have double the number of shops that can earn subsistence. "Farming is yet to be tried. Ranching is not ing. A city like San Francisco cannot be sustained in its present valuations, without increased development of the great speciality we possess on this coast above all the rest of the Union. All the world pioduces wheat and we feel its terrible fluctuations from the weather and from capricious [ markets. These are risks far exceeding those of gold mining. It has come 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 a while. What have we to do that will pay and give employment to keep with us the population that is now nearly half idling around, if we do not go to mining ? Ask every man, woman and 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 what gold is being yearly picked up by those who are mining. How steady is the business can be shown by the steady production. Nothing can give a fair conception of the success of gold mining equal to the exhibition of a column representing 26,000,000 dollars, 6f "gold produced, year by year, with the steadiness almost of clock work. Let men talk it down, as their supposed ...interests prompts j 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 unites ; Without a temple He's adored, And he has no hjpocrites t "