The Sun.
London, England, 1853-03-17 00:00:00

Capital, 300,0001., in 150,000 Shares of 21. each.

,_To be increased to 500,0001. so soon as dividends to the amount of
?enty per cent. have been paid on the present capital, which is an-
ticipated from the first twelve months' actual operations.
Seventy-five thousand of the above shares will be issued at once, of
which twenty-five thousand have been subscribed for in New York ;
and the remainder are reserved to be issued when the property has
en inspected and reported upon by a surveyor, and approved of by
,
hoard of Supervision, or sooner, should a general meeting of the
shareholders so determine—no payment beyond a depesit of five per
!ell% upon the first moiety of the purchase money to be made to the
vendors until the property be thus approved.

BOARD OP SUPERVISION.
• :14 ParlsL-Monsieur Drouil!ard, Ranker and Director of the Lyons
and Mediterranean Railway.
PS Monsieur Monternault, Director of the Paris and Orleans
Railway Company.
In London—John Bagshaw, Esq.
R. Hartley Kennedy, Esq.
Of H. W. Schneider, Esq.
I John Stewart, Esq.
• • Charles Trueman, Esq.
„ Capt. Leicester Vernon, R.E.
GwasT IN Pears—Mons. Ennemond Bagary.
BROKERS.
Messrs. G. Burnaud & Co., Cornhill.
Messrs. Foster and Braithwaite, Old Broad-street.
BANKERS IN LONDON.
Messrs. Heywood, Kennards, and Co.
The London and Westminster Bank.
BANKERS IN PARlS.—Messrs. P. Gil and Co.
Messrs. Venni_ g bOLICITOR.S.
B.LTNAaylor, and Robins, Tokenhouse-yard.
s.c.
.-Mr. William Bray.
Offices.—ln London :--g4, Old Broad-street ;in Paris, 79, Rue
Richelieu.
This Company has been enabled to secure, in the celebrated Ne.•
Veda District, California, the right to purchase the large property of
Thos. 0. Larkin, Esq., reported upon, as after mentioned, to contain
.24600 acres in extent, and CO possess extensive gold-bearing quartz
Veins and auriferous eeposits,an d gold washings, and to be well
adapted for agricultural purposes.
The property is described as being situated on the west bank of
the
Feather River, winch is a tributary of the Great Sacramento
'liver, and to be at a distance of about 195 miles by water communi-
ea .
tion from San Francisco. The Sacramento is at all times naviga-
ble for steamers ; and it Stated that, during a greater portion of
tb
~„8 year, vessels can navigate the Feather River up to
an the
indi pspuroperty.
'An estate is freehold, and the vendors guarantee table
titla e, free from incumbrances.
judged
mineral importance and value of the property will be best
'"gged of by the following extract from the report of the Surveyor,
Nicholas Gray, Esq , who, in September, 1852, surveyed it as anivinofficear
Ruder orders from the United States Government. A
'detailed description of each lot, he sums up his report asfteforllgows::
I class the whole estate, containing 21,656 70-100 acres,
as
• ralland. 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
'Martz rock. Some indications of iron are to be observed at the
:4411
2,-veest corner ofthe Table Mountain. Quicksilver has been diofs-f
I'rered in the same vicinity, and I have been informed by men
iracity that a few diamonds have also been dug from the
Featherslopeo
esame mountain. The whole front of' the estate on
hi
der is about 24 miles, taking its meanders, and I believe the go -
a,7,ring ituartz rock is to be found all along the bank of that stream,
C.,. extending back generally two or three miles. By referenceto
2;,_tAlle map you have all the principal points laid down of quartz
c.t rich diggings, &c."
4,_Ararther iortant details will be found in the accompanying
t;ennient and map of the property; and other particulars of an in-
ate!ting nature respecting this extensive territory Play be inspected
t
the office of the Company. •
fir.
Gray states in his Reports that specimens of the quartz •
veins
're taken by him from the estate. These Mr. Larkin forwarded to
IZIMdon for analysis, and the result of that analysis, as given in the
4:Pendix, shows that with careful management a large return for the
npital invested may be reasonably expected from the Company's
- mg operations.
• working capital of 100,000/., leaving the remainder -conduct„l',4!F money, will, it is anticipated, be amply sufficient to
e operations of the Company; end it is intended to expend
_ame chiefly in erecting extensive central mills for grinding the
iupferr,u quartz on the property, and for reducing and extracting
ti"l,.._ gold from its matrices, whether sands, earths, or quartz, in the
4,3"2 complete, perfect, and economical manner ; and also in en-
Taging farmers to settle upon the property, whose rents would be
ip7Mlensurate with its value and location, and who would in no
"7 Interfere with the extraction of its mineral riches.
~,ule,heh venders have agreed to sell the propert
and y at a price one-half of
' is included in the present capital, the remaining half
~,±9 be paid when the capital is increased to £500,000, and when
gtvidends to the amount of 20 per cent. have been paid to the
areholders as before mentioned. The entire price to e
'•
s Paid in mottles probably not
anone-hundredth part of the mere
Ile of the gold to is
be extracted from the lds, Independently of
Cheir fitness and eligibility for cultivation ; and the company have
oen Met with the greatest fairness by the vendors, who do not seek
Of
'us /..1? Paid for the estate,lexcept a deposit of 5 per cent on oneted moiety
Purchase money, until an English surveyor, nomina by the
I;,°ard of Supervision, shall have examined the estate, reported upon
Free
declared it to be in accordance with the prospectus. The
Per acre on the portion of purchase-money payable out of the
eta capital is less than 101.
The Company may find it desirable that a town shall be erected
tisear the junction of the Feather River with the north fork of that
ver ; and as great facilities and advantages will be offered to rest-
,P,ts, the particular lands to best epart for this city, looking at the
!II known rapidity with which American cities are created and
ropled, may probably, in a few years, realise prices sufficient to re-
'tare to the Shareholders the entire purchase money.
kn organised system of granting leases of mines on the estate is
~,o in contemplation, which will yield large returns to this Com.
; and the Board of Supervision desire to can the attention of
her individuals and companies contemplating the purchase of farm-
lands,ttg_ alluvial diggings, or quartz mining locations, to their vast
ts of territory. The Board will be prepared to make sales and
gugrant,. leases of portions of the Feather River Estate.
2.,.',1e Board of Supervision believe that they indulge in no exagge-
vp "(AI when expressing their conviction that the estate fairly put to
°rlt to its full capabilities will, for many years, annually yield as
21dend—what may reasonably be expected from all succePfal gold
4,l.lPantee—at least CO per cent. on the entire capital besides
en..uges• The investment in the shares must, therefore, be equal to
Offered_ by any other company, either in Australia or California.
eorile moard of Supervision will have the power of carrying out the
14,1 ract with the vendors, and of settling the statutes of the com-
ben4, under which all its affairs will be regulated. The deposit will
` Per share, thus paying up the shares in full at the time of allot-
Tr at, and all deposits applicable to the purchase money received
be,; !hares sold will be ed in like manner as theshares would have
if not sold—viz., until the surveyor's report has been received,
ve,7' Possession given, and a good title exhibited, and a proper con-
''4nee executed.
tt,''PPlications for shares to be addressed to the Secretary, and to
Z3.llrokers of the Company; and no application can receive atten-
' Mess references be given to Bankers or Stockbrokers.

APPENDIX.
-.ACT OP A LETTER PROM NICHOLAS GnAlt,l3.S., Surveyor to the
„ Hon. T. 0. LAWN. Dated Hamilton, June llth, 1852.
bearg this you will receive a small box of specimens of gold-
teear,"..g quartz. The specimens here sent are not selected specimens,
to Lre I Wished to inform you corrretly, or within the truth, so as
future examination. I saw much richer specimens.
/0,0,2'18 was dug out of a hole about 1% miles from Pocenix Mill
14.7.1 as the Bloomingdale ledge or lead.
g"Zin..B stated by Mr. Larkin's agent in this country that the box was
so and from San Francisco to London, and assed by John-
tte Matthey, and that in the specimens no gold was visible to
111:410.„7.ed eye. Tho report of Messrs. Johnson and Matthey is as

" Assay-office, '79, Hatton-garden, London,
August 25, 1852.
4.91:11ic box of gold quartz had half of each piece taken off, and the
lkot"'" crushed together very fine, giving grains of gold, which would
101; Pass through the sieve, equal to Boz. 10 dwt. of fine gold to the
11,,,f,20 cwt. The flne powder produced, by assay, gold equal to
dwts of fine gold to the ton of 20 cwt.
dwt. "JoasisoN and Bisayrurf."
8 10
31 10

BO
tbret vat the presentprice of fine gold—viz., 845. 7Ud, per oz.—
It ._a value of about 841. to the ton of 20 cwt.
14,4:3n Intended that the machinery to be erected by the Feather
titan' Company shall be capable of crushing and reducing the same
tk_ tity at least of gold ore per annum as is minded and crushed by
41,Eelebrated St. Juan del Bey Company of Brazil, viz., about
tah7u tons Per annum. The average produce of gold per ton, ob-
,zeir by that company, as per their pubPshed reports, gives a value
aina 115. Per ton, of ore only as contrasted with the above extraor-
of
01119 Produce of 841. per ton. An average produce ter-ton of ore
hancheLteath only of this sum—say Si. per ton—must yield profits
"'Or thell the 20 per cent. dividend anticipated by the diree-
._