Show i THE WORK TO BE DONE many people aa as ia Is i a shown b by the high price of gold are disappointed animate and made doubtful by the slowness of grants advances the ob inacy ot at lee let leeb leea 1 a resistance and the magnitude of our los ios loafea ses its this ahta la Is due mainly to the fact that there at stu sill etu 11 lingers fingers in the public mind much of the old oid delusion about the importance of capturing certain places we have BO long tong cherished the belief that the existence of the confederacy depended on the posse possession iston ision of certain towns that no amount of practical experience peri ence of its falsity seems sufficient to rid us of it we have gone on flattering ourselves our ourse beves ves res for three years that if we took tools new orlea orleans ns or took charleston or vicksburg or took richmond and re occupied this or that thit point the back of the rebellion would be broken the last illustration of this craz wab was general banks march on shreveport there is very little doubt that be he nattered battered himself that when shreveport fell the confederacy would shake to its centre it ia is only this vear year that a very consider considerable abe portion of the p has thoroughly wakened up to the fact that owing to the enormous extent of the territory we beek seek to conquer the occupation of places is of comparatively little value of course some places euch euph aa as the capital of 0 the confederacy have more value than others ime the loss lose ot of richmond would be a heavy blow and a great discouragement to the enemy but it would be simply a moral I 1 blow it be a mortification but out unless I 1 lt it was waa an indication ot of weakness it woula ba 1 little more for we think it has for some time been very verj apparent that the people of the have passed beyond the stage stege in which their im imagination has much power over them they I 1 hey have ii loed ed for three years in the ha valley of the shadow of death they have bare drank the cup of bitterness to the dregs they have submitted to national bankruptcy to 0 o the loss of slaves staves to a general conscription and to an absolute military tyranny they are now wearing rags and half starving for men this condition it is clear that blows that are merely moral hare no longer any terrors in so far therefore aa as the loss leas of a place di diminishes mini shea theIr supply of food or clothing or it will air affat ct them jf it it does none of 0 these things they boon get over it now if we took richmond but allowed lees leea army to retire southward without much damage there la Is no question whatever we should not have made much pro progress grest gresi ile he would hold out in north carolina or georgia conscript and impress supplies and fight on as before and we should have ta follow him for hundreds of miles slowly continuously and with difficult lea iea of au kinds etea steadily dlly dily increasing the f urther further we penetrated into the interior an daway from our base 1 therefore we ought to be devoutly thankful f at that be has chosen to fight it out in V virginia ir and to fight obstinately if it be he bad fallen ien len back with without t fighting even if it he had bad left richmond at our mercy we think there is very little doubt that it might have protracted the war for tor r another year but by standing stubbornly abri bb rI and defending every strong position he gives us a chance of slowly destroying him and when lees leea army is destroyed let it be remembered the rebellion is virtually over no doubt the process of destroying him is a bloody one and costs costa us dearly but it is not half aa as costly is as it would be to chase him up and down the south for another year loosing men everyday every day by the hundred in killed wounded and bick eick it would have been wellin deed for us if we could have done in the first year of the war what we are doing today to day if we could have drawn dramn the mabs mass of the southern forces into virginia and fought them every day for a month even if it had bid cost us loo men provided we had succeeded in the end in breaking up we should have saved by it fully enen inen men and many millions of treasure new york times THE T HE SCARCITY OF MONEY AND ITS EFFECT UPON MINING perhaps many of our readers have complained of the impossibility of selling wildcat or any other class of mining stocks and have thought it strange that money sharks do not now as formerly gobble up url anything 17 in the shape of feet others again have wondered why it ia is that money is so very tight at the bay and times ti me 3 so very dull in all the principle towns in california and this territory that we have recurring periods of dullness and utter prostration in mining speculation is qu quite ite natural and inseparable from a mining country but this fact alone does oes not explain the widely extended apathy which now prevails and which has partially submerged the buoyant spirits of this cit city y and virginia those who have watched the signs of the times closely have reasons numerous to assign tor fot the present state ot of mining affairs and perhaps they have often crits its just as I 1 expected 1 in the first place last fast year was one of wild and hazard bazard hazardous ous oui speculation ventures of all kinds were made wherever and in any manner which promised sudden budden wealth A few succeeded but the great majority were grievously swindled As a natural consequence confidence in mining stocks was entirely destroyed st sl royed roved men that have money to invest will not now 0 trust tru st their own eyes much less their friends in mining speculations or investments they now prefer bome borne other ehan eban channel n ea in which to make fortunes this ia Is not all our eastern traders and merchants have imported goods vastly in excess I 1 of hence the country is literally drained of specie there is nothing left but ahin ehin plasters greenbacks green backs and the every day products of the mines gold being scarcer than ever known on this coast coasto and currency not being in use we have a very jim lim limiter itei capital available there ia is indeed but little more money on this side bide of the rocky mountains than la in absolutely required in legitimate trade the surplus or that which 13 1 3 available for speculation has bas been drawn off bent bent sent to europe for gewgaws and i finery 1 I 1 his bis ia s the real state of the case and a full explanation of the dull times now prevailing throughout 0 the pacific region As a consequence we must expect mining matters to remain statu avio for a year or two at least so far as speculation is concerned legitimate mining that which seeks to developed dev elope mines for the sake of having a life estate may be carried on without the possibility of failure indeed this ia is the accepted time tima for tor all those who wish to secure valuable property in mines to be up and doing let them now gp go on with the full determination not to sell or speculate but to get down to the water orey orel ore the permanent body of their oreo ore sell it or ship it and realize all the profit possible while developing a property of chr own worth a million of f feet ept in wild wildcat catY poor men may go ahead in like manner with th tha 3 assurance that men who have money to invest had bad rather giva give them one hundred dollars per foot root for tor a tangible well veil developed mine than five cents a licot foot for undeveloped ground the only way now left in which to attract what capital there may be in the country is to show your mine to ba bs itch ilch and reliable and a property not to be laughed at capitalists will fiad find the money for you when you show them the metal in that on able abundance and richness which is common to the reese river mines let miners bear ear this fact in mind and labor not for a day or to catch a few dollars but to obtain a life estate a fortune in the bulk this prospect ia is before all miners in this region and we are glad that BO so many are convinced of the tact fact |