82 [APPENDIX 



of government that shall prove alike conducive to the enhancement of these 

 interests and the public welfare, and offer by these means inducements for 

 the investments of capital from abroad ; its effects would prove beneficial 

 inasmuch as every dollar of capital thus invested would become so much 

 available means of revenue and serve to retain a much greater amount of 

 the gold extracted from our hills, within the State. 



From the nature of gold-mining proper, it results as a consequence al 

 most, that those who engage in it, must become permanent settlers, as their 

 operations if successful become the work of years instead of a few months, 

 and their investments, when made, are done with that view. Under these 

 circumstances does it not become a matter of correct policy to separate the 

 interests of the placer miner and those engaged on veins, in such a manner 

 that those engaged in each branch may enjoy that liberty which the placer 

 miner now possesses, and which is enjoyed by the other only by the suffer 

 ance of the former in the largest majority of cases ; giving to each the right 

 to enact those laws, which they in their good judgment will find most condu 

 cive to their seperate interests, and which from their nature and attendant 

 circumstances are very dissimilar and foreign. 



The jealousies and feeling arising from the suspicion entertained by each 

 other, which has heretofore and at the present time exists to a considerable 

 extent, in these two branches of industry would, by the above course be done 

 away, and a much greater degree of stability in mining proper would be the 

 result, (which under the present arrangement of affairs can hardly exist) in 

 which its prosperity to a great extent is involved : its influence would not 

 only be made manifest here, but it would give a confidence abroad in these 

 operations which they do not now possess, and to which we must look for 

 those means by which we shall be able to conduct gold-mining successfully 

 and with profit. 



The entire separation of these interests would be regarded abroad as tho 

 opening of a new era in the mining history of this State, fraught with bene 

 ficial results, and involving a vital interest in her future economy, advanta 

 geous 'alike to the revenues of the State and to the people ; it would remove 

 that serious obstacle at present in the path of its progress, viz : "the inse 

 curity that now exists for invested capital, from the motative policy hereto 

 fore pursued," and restore that confidence which such a policy has in a great 

 measure been the means of destroying. 



The mines of this State are of a character and value, which if placed in 

 a proper position, will invite investment from abroad, to an amount little less 

 than twenty millions of dollars within the next eight years ; this presump 

 tion is founded on the fact that more than one sixth of that amount is at the 

 present time in active operation in this country, and its largest proportion 

 has been derived from American sources, during a portion of that period 

 when public confidence had been shaken in regard to their value. Nego 

 tiations are now pending which involve nearly one million more of capital 

 investment in this branch of mining, nearly one half of which is in the cities 

 of Boston and New York. 



Considering the disadvantages that now surround them, as shown from 

 the facts relating thereto, they can but be regarded as the prolific sources 

 of wealth in this country ; and every inducement consistent with the liberal 



