The Sun.
London, England, 1853-03-16 00:00:00

This Company has been enabled to secure, in the celebrated Ne-
vada District, California, the rignt to purchase the large property of
Thos. 0. Larkin Esq., reported upon, as after mentioned, to contain
21,600 acres in extent, and to possess extensive gold-bearing quartz
veins and auriferous deposits, and gold washings, and to be well
adapted for agriculture purposes.
The property is deLcribed as being situated on the West bank of
the Feather River, which is a tributary of the Great Sacramento
River, and to be at a dist ante of about 195 miles by water communi-
cation tYcom San Francisco. The Sacramento is at all times naviga-
ble for steamers ; and it is stated that, during a greater pot tion of
the Year, vessels can navigate the Feather River up to the property.
The estate is freehold, and the vendors guarantee an indisputable
title, free from incumbrances. •
The mineral importance and value of the propety will be best
Judged of by the following extract from the report o" the Sm-reyor,
Nicholas Gray, Esq , who, in September, 1852, surveyed it as an officer
Under orders from the United States Government. fter giving a
detailed description of each lot, ho sums up his report rs .ollows
:
"I class the whole estate, containing 21,656 70-100 acres, as mi-
neral land. Gold is found from the bottom of the smallest gully to
the summit of the highest mountain on the land, in the soil as in the
quartz reek. Some indications of iron are to be observed at the
eolith-west corner ofthe Table Mountain. Quicksilver has been dis-
covered in the same vicinity, and I have been informed by men of
veracity that a few diamonds have also been dug from the slope of
the same mountain. The whole front of the estate on Feather
River is about 24 miles, taking its meanders, and I believe the gold-
bearing quartz reek is to be found all along the bank of that stream,
and extending back generally two or three • niles. By reference to
to the map you have ail the principal points laid down of quartz
rock, rich diggings, &c."
Further important details will be found in the accompanying
document and map of the property; and other particulars of an in-
teresting nature respecting this extensive erritory May be inspected
at the office of the Company.
Mr. Gray states in his Reports that specimens of the quartz veins
Were taken by him from the estate. These Mr. Larkin forwarded to
London for analysis, and the result of that analysis, as given in the
SPpendix, shows that with careful managament a large return for the
capital invested may be reasonably expected from the Company's
!pining operations.
The working capital of 100,0001., leaving the remainder for pur-
chase money, will, it is anticipated, be amply sufficient to conduct
V' the operations of the Company; snd it is intended to expend
the same chiefly in erecting extensive central mills for grinding the
!auriferous quartz on the properly, and for reducirg and extracting
the gold from its matrices, whether sands, earths, or quartz, in the
Most complete, perfect, and economical manner; and also in en-
couraging farmers to settle upon the property, whose rents would be
commensurate with its value and location, and who would in no
Way interfere with the extraction of its mineral riches.
The venders have agreed to sell the property at a price one-half of
Which is included in the present capital, and the remaining half
is to be paid when the capital is increased to X 500,000, and when
dividends to the amount of 20 per cent. have beers paid to the
shareholders as before mentioned. The entire price to be
thus paid in moitles is probably not one-hundredth part of the mere
Value of the gold to be extracted rzom the lands, independently of
their fitness and eligibility for cultivation ; and the company have
been met with the greatest fairness by the vendors, who do not seek
to be paid for the estate,:except a deposit of 5 per cent on one moiety
of the purchase money, until an English surveyor, nominated by the
board of Supervision, shall have examined the estate, reported upon
it, and declared it to be in accordance with the prospectus. The
Price per acre on the portion o: purchase-money payable out of the
Present capital is less than 101.
The Company may find it desirable that a Mu a shall be erected
near the junction of the Feather River with the north fork of that
river ; and as great facilities and advantages will be offered to resi-
dents, the particular lands to be set apart for this city, looking at the
Well known rapidity with which American cities are created and
Peopled, may probably, in a few years, realise prices sufficient to re-
store to the Shareholders the entire purchase money.

- - _
An organised system of granting leases mines on the estate is
also iu contemplation, which we' yield large returns to this Com-
pany; and the Board of Supervision desire to call the attention of
ether individuals and companies contemplating the Purchase of farm-
14,_g lands, alluvial diggings, or quartz mining locations, to their vast
'recta of territory. The Board will be prepared to make sales and
grant leases of portions of the Feather River Estate.
The Board of Supervision believe that they indulge in no exagge-
ration when expressing their conviction that the estate fairly put to
r k to its fun capabilities will, for many years, annually yield as
dividend—what.may reasonably be expeged from all succes.ful gold
iPanies—at least 20 per cent. on the entire capital besides
bonuses. The Investment in the shares must, ,therefore, be equal to
that offered by any other company, tither in Australia or California.
The Board of Supervision will Lave the rower of carrying out the
contract with the vendors. and of settling the statutes of the corn-
far Y, under which all its affairs will be regulated. The deposit will
he 21 per share, thus pay:ng up the shares in lull at the time of allot-
pent, and all deposits applicable to the purchase money received
Joni shares sold will be held in like manner as the shares would have
:eell if not sold—viz., until the surveyor's report has been received,
quiet possession given, and a good title exhibited, and a proper con-
'eYance executed.
Applications for shares to be addressed to the Secretary, and to
the Brokers of the Company ; and no application can receive atten-
tion Unless references be given to Bankers or Stockbrokers.

XITRACT OF • LETTER FROM NICHOLAS GHAT'. U.S., Surveyor to the
4' lion. T. 0. LARKIN. Dated Hamilton, June I 1 tb, 1852.
With this you will receive a small box of specimens of gold-
,?etlr;lig mutt tz. The spec'mens here sent are not selected specimens,
pause I wished to infonn you co. rr2tly, or within the truth, so as
bear future examination. I: aw much richer specimens.
This WE'S dug out of a hole about 1% miles from Pocenix Mill
mown as the ll'oomingdale ledge or lead.
It is stated by Mr. Larkin's agent in this country thP t the box was
lent unopened from San Francisco to London, and assayed by Roo and and Matthey, and that in the specimens no gold was visible to
foil ewe naked eye. The report of Messrs. Johnson and Matthey is as

Assay-office, 79, Hatton-garden, London,
" August 25, 1852.
,w ~lhe box of gold quartz had half of each piece taken off, and the
bl,:rie crushed together very fine, giving grains of gold, which would
Pass hrough the sieve, equal to Soz. 10 do t. of line gold to the
of 20tcwt. The line powder produced, by assay, gold equal to
isoz. 10 dwts. of fine hold to the ton of 20 cwt.
oze.
10 "J 0121.18014 and MATTHEY."
11 is

„,,!_u oat the present price of fine gold—viz., 84s. 73(d. per oz.—
"47*a Value of about 341. to the ton of 20 cwt.
1,,!IIt is intended that the machinery to be erected by the Feather
;24ver comPany shall be capable of crushing and reducing the same iTalltity at least of gold ore per annum as ia minded and crushed by
60glebrated St. Juin del Rey Company of Braz;l, viz., about
tati7,, by that company, as per their publ shed reports, gives a value
Qin, 118. er ton, of re only as conrasted wit the above extraor-
ii;:tY produce 01 841.0 per ton. Ant average prhoduce per ton 0( ore
ete.tenth only of this sum—say 8/. per ton—most yleld prpflts
ter ger : lar Oulu the 20 per cent. dividend anticipated by the dtec-