Show 0 1UINIOIOUS ESTIMATES The mining stock craze which Is nunln running everybody wild in Sun rnnoiaco and on the Comstock lina set nil the bull journals to tolling their Muncbnnson stories again about tho thousands of tons of silver hllt ro11t 118 USt g the old lode la going to belch up within tbo next few months They kept telling tboso anmo old Mulberry I Hollers vnrns some years j ago until tbo financial II world got to believe them cud started n crusade against silver on the around that such vast productions must necessarily reduce tho onto precious metal to the level of n moro commodity Those garrulous fellows would servo tho fill ver Interest by patiently waiting until the hl leSs Ir lt 1 chickens nro hutched instead I of Riving out high blown estimates that they know will flavor bo realized 1 iperionco teaches that the gold bu s of tho Last are ever ready to decry silver aa a precious metal rett I and drt is the hight of folly on the part of I Nevada nowspnpors by the practice of wild elaboration to play into the tiaiuli of the enoinio of silver Tho above from tho 1 Iko Nov Jnde pendent is a well mental rebuke to certain f cer-tain Nevada journalists and iilso Horne others of that profession who do not 10 side within tho limits of the sage brush State Iheir truckling sycophancy to the bonitiza millionaire1 who are making the present Comstock deal is smear as disgusting as it is wicked and deceitful In their stupid or mistaken zeal they aro encouraging hundreds mid perhaps thousands of persons to financial ruin placing a club in tho hands of tho I astern ast-ern goldites and destroying tho reputations reputa-tions of their journals for honesty truthfulness and judgment ill this l that a Cow bonanza kings may I add a foil moro to their already uccmnu hated millions That tlicro IH Homo merit at tho back of the recent riso in Comstocks there Is no question but that tho present quotations are not justified by devtlopments already mado in i equally certain This can bo demonstrated b > a simple problem In arithmetic In tho Consolidated Virginia there are 215001 shares Yesterday tho stock sold as high as 48 At this rate tho total value of the property would be 10220000 Tho actual alue of a mine can only bo estimated at tho cash iluo of tho mm oral it contains or the bullion it Is ca pablo of producing leas tho cost of extracting reducing awl 1 conveying to market Would any set of capitalists lOllY i such a sum for tho Con Va mine Or a would any sane business m in purchase tho stock at tho present rates us a permit nent investment with the expectation of getting back his money with interest from dividends resulting from the working of ore already developed Certainly nol Then tho stock is selling at a fictitious instead of a real valuation Those mime aro purchasing are doing HO in time expectation that it will reach still higher figures and with tho intention of gelling out from under before the inevitable crash comes fhoso who let go in time will get away with semite of the plunder Those who hold on will bo buried beneath be-neath tho wreck Among the latter it is pretty certain will not bo included time millionaire manipulators of tho deal |