The Sun.
London, England, 1853-03-18 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
twenty 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
*Web twenty-five thousand have been subscribed for in New Tork ;
,__and the remainder are reserved to be issued when the property has
ums Inspected and reported upon by a surveyor, and approved of by
the Board of Supervision, or sooner, skould a general meeting of the
Shareholders so determine—no payment beyond a depesit,of five par
Mit. upon the first moiety of the purchase money to be made to the
vendors until the property be thus approved.
BOARD OP SUPERVISION.
N1.1411-Itiodetr-Drottitiard, 'Banker and Director of the Lyons
and Mediterranean Railway.
Monsiaur Monternault, Director of the Paris and Orleans
Railway Company.
In London—John Bagshaw, Esq.
R. Hartley Yenne Iy, Esq.
H. W. Schneider, Esq.
• John Stewart, Esq.
Charles Trueman, Esq.
Capt. Leicester Vernon, R.E.
Pams --Mons. Ennemond Bagary.
BROKERS.
Messrs. G. nurnaud & Co.. Cornhill.
Messrs. Postor and Braithwaite, Old Broad-street.
BANKERS IN LONDON.
Messrs. Heywood, Kennards, and Co.
The London and Westminster Bask.
BANKERS IN Paats.—Messrs. P. Gil and Co.

GENANT IN

SOLICITORS.
Messrs. Penning, :Taylor, and Robins, Tokenhouse-yard.
SECRETARY.—Mr. 'William Bray.
Offices.—ln London :-64, Old Broad-street ; in Paris, 79, Rue
Richelieu.
This Company has been enabled to secure, in the celebrated Ne-
vada District, California, the right to purchase the large property of
Thos. O. 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 agricultural purposes.
The property is described 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 disc ance of about 195 miles by water communi-
cation from San Francisco. The Sacramento is at all times naviga-
ble for steamers ; and it is stated that, during a greater portion 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 property will be best
judged of by th'e following extract from the report of the Surveyor,
Nicholas Gray, Esq , who, in September,lBs2, surveyed it as an officer
tinder orders from the United States Givernment fter giving a
detailed description of each lot, he sums up his report as follows :
" 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 rock. Some indications of iron are to be observed at the
mouth-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
Niver 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 miles. By reference to
to the map you have all the principal points laid down of quartz
reek, 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 territory may be inspected
• at the office of the Company.
Mr. Gray states ii 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
°lsPendix, shows that with careful manapment a large return for the
eapital invested may be reasonably expected from the Company's
Mining operations.
The working capital of 100,0001., leaving the remainder for pur-
chase money, will, it is anticipated, be amply sufficient to conduct
all the operations of the Company; rand it is intended to expend
the same chiefly in erecting emensive central mills for grinding the
aurillerous quartz on the property, and for reducing and extracting
the gold from its matrices, whether sands, earths, or quartz, in the
• moat complete, perfect, and economical manner; and also in en-
1' °enraging farmers to settle upon the property, whose rents would be
commensurate with its value and location, and who would in no
ay
Nvy.hinterfere with the extraction of its mineral riches.
whichs:
fa ne
vendersi have agreed to sell the property at a price one-half of
luded in the present capital, and the remaining half
is to be
dividendspaidto the
when the capital is increased to £500,000, and when
amount of 20 paid to the
Shareholders as before mentiorerd.cengtilehaveenti)reen
thus paid in monies is probably not one-hundredth eparptronhetomebree
value of the gold to be extracted from the lands, independently of
their fitness and eligibility for cultiva•ion ; 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, pominered 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 of purchase-money payable out of the
present capital is less than 10/.
The Company may find it desirable that a town 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 ant
Peopl may probably, in a few years, realise prices Sufficient to re-
store Oahe Shareholder, the entire purchase money.
An organised system of granting leases of mines on the
also in contemplation, which will yield large returns to
Party; and the Board of Supervision desire to call threehaaateteenftfloarnino!
Other individuals and companies conten3plating the pa
tug lands, alluvial diggings, cr quartz mining locations, to a
their vastand
tracts of territory. The Board will be prepared to make
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 fairlyput
as
*Work to its full capabilities will, for many years, annually yield
dividend—what may reasonably be expected from all succes ful gold
40, rapanies—at least 10 per cent. on the entire capital besides
°onuses. The investment in the shares must, therefore, bealto
that offered by any other company, either in Australia or
out California.o
The Board of Supervision will have the power of carrying
Contract with the vendors. and of settling the statutes of the the
ll
com-
pany, under which all its affairs will be regulated. The deposit will
be 21 per share, thus paying up the shares in full at the time of allot-
Inent, and all deposits applicable to the purchase money received
from sharer sold will be held in like manner as the shares would have
been if not sold—viz., until the surveyor's report has been received,
quiet possession given, and a good title exhibited, and a proper con-
veyance 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.

APPENDIX.
XXvitlcT OF ♦ LETTER FROM NICHOLAS GRAY. U.S., Surveyor to the
lion. T. 0. LARKIN. Dated Hamilton, June llth, 1852.
" With this you will receive a small box of specimens of gold-
bearing quartz. The specimens here sent are not selected specimens,
because I wished to inform you corrretly, or within the truth, so as
to rear future examination. I saw much richer specimens.
" This was dug out of a hole about I% miles from PoceniX Mill
known as the Bloomingdale ledge or lead."

It Is stated by Mr. lirkin's agent in this country that the box was
sent unopened from San Francisco to London, and assayed by John-
son and Matthey, and that in the specimens no gold was visible to
the naked eye. The report of Messrs. Johnson and Matthey is as
follows :

" Assay-office, 79, Hatton-garden, London,
August 25, 1852,

"The box of gold quartz had half of each piece taken off, and the
Whole crushed together ve-y fine, giving grains of gold, which would
not pass through the sieve, equal to Soz. 10 dwt. of fine gold to the
ton of 20 cwt. The tine nowder produced, by assay, gold equal to
lloz. 10 dwts. of fine gold to the ton of 20 cwt.
oe. dwt. "JOHNSON aad MATruar."
8 10
11 10

20 oat the present price of Mae gold—viz., 84s. VAci. per oz.—.
gives a value of about 841. to the ton of 20 cwt.
It is intended that the machinery to be erected by the Feather
River Company shall be capable of crushing and reducing the same
quantity at least of gold ore per annum as is minded and crushed by
the celebrated St. Juan del Rey Company of Brazil. viz., about
60,900 tons per annum_ The average produce of gold per ton, ob-
tained bv that
company, as per their published reports, gives a value
of 1/. 11 s. per ton, of ore only as contrasted with the above extraor-
dinary produce of 841. per ton. An average produce per ton of ore
of one-tenth only of this sum—say 81. per ton—must yield profits
much larger than the 20 per cent. dividend anticipated by the atec.,—
t rs.
G R A

VES END ST A
PACKETS,
call at the Grays, Greenhithe, and Purfleet I'
1 at the Piers as underlined (weather permitti
A TERRACE PIER, GRAVESEND.

Nu other Packets
The Packets cal:
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SUNDAYS.

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