The Sun.
London, England, 1868-01-08 00:00:00

48... 109 00

3... 392...

96 96

926... 196 68

„ (Cortez) 25... 80... 141. 18
St. Louis (Cortez) 107... 1,467... 182 14
Tom Jones 5... 1,076... 492 40
Troy
Timoke
Thomas Cox
Tuscarora
Taylor and Passmore (Cortez) ... 4... 300... 227 98
Troy

Colonel Buel has arrived in London, and is now
fitting up his offices in Palmerston-buildings. The
extensive knowledge he possesses of the mining
districts, the heavy stake he holds, his high cha-
racter and standing, combine to make him a pecu-
liarly fit representative of these interesting and
wealthy regions on the Pacific side of the Rocky
Mountains. The prospects are described of Eastern
Nevada as each day growing more brilliant. The
ore is raised in larger quantities than it can be re-
duced, and better and more extensive means aro
only required to increase enormously the yield.
The Mining and Scientific Press gives an account
of the Morning Star Ledge, situated in Placer
County, California, and which we presume to be of
a similar character to the Lincoln Company's mine,
lately brought out in London. It says :—" We
have before us the report of seventeen different
assays, made by Mr. M. A. Hunter, of Sacra-
mento, which vary in their results all the way from
$3 to $537 per ton. Mr. Varney, of this city, re-
cently worked 20 pounds of rock from this mine,
which yielded at the rate of $51.22 per ton of
2,0001b5. There appears to be a notable quantity
of silver in the bullion from this mine. Mr. Hunter,
in his Sacramento assays, returns an average of
about $lO in silver to $lOO in gold. Mr. J. J.
Reed, the principal owner of the mine, informs us
that he is about shipping 20 tons of the rock to the
Golden Rule Mill to be worked ; 20 tons more will
be shipped to Grass Valley, and 10 to Mr. Hunter's
works at Sacramento."

The correspondent of the Wall-street Journal,
writing from Austin, Nevada, Nov. 15, rays, the
" Manhattan" Company since they repaired their
main shaft have supplied their mill, some of the ore
being taken out by parties from their own mines,
who received three-fourths of the net proceeds.
The " Buel North Star" Company are doing a
splendid thing in this way. C. C. Wallace last
week brought out bis partner, they having leased
the upper part of the mine for six months or a year.
Wallace has a splendid body of ore in sight, and is
even now taking out sufficient for current expenses.
" Timoke" has a large body of rich ruby in sight,
and the mine yields so much that the agent, W.
F. Leon, has been forced to employ a second
ore-house, the mill and first ore-house both being
full.

The new shaft of the Manhattan Company is 100
feet down, and the Ethan Allen Mine has been
purchased by the company. The Reese River Re-
veille gave a brief account of the working shaft of
the company designed permanently to develope its
mines. Enough is known to ascertain the actual
character of the property, and if experience and
skill be brought to bear from the beginning, no
doubt is:entertained of a grand success, provided the
company upholds the manager. The New York and
Florida Company, among others, have adopted the
same system, aiming at a depth in its two great
shafts of 1,000 feet. The Plymouth company broke
ground last summer in the project of a general
working shaft, and its position justifies the belief
that many ledges will be cut, long before it reaches
the depth of 500 feet. "It forms one of a valuable
group, to which the Florida, Magnolia, and Troy be-
long, and is separated from the works of the Fuller,
Alanhattan Company, South American, and Savan-
nah, by a shallow ravine. The small area covered by
the works of those companies is now the busiest and
the most productive on Lander Hill, and from all
appearances not one of them has prospects of suc-
cess and remuneration superior to those possessed
by the Plymouth. The shaft was undertaken with
the determination of developing the property in a
thorough and systematic manner, and if the plan is
carried out patiently it must result in great success
and profit. Hitherto the owners of mining pro-
perty have been too impatient, and looked for the
fruit before the seed had time to germinate. In
silver mining it is admirable policy to hope and
wait. No great plan of mining, at all likely to be
successful, can be carried out without intelligence,
skill, patience, time, and ample capital. The best
plan for working assured mines, in the hands of the
most energetic and skilful superintendent, will
prove abortive without money. Cash is the sinews
of mining, and of every great branch of industry,
as well as of war. Suppose the owners of produc-
tive mines upon the great Comstock had been nig-
gardly instead of lavish with their means their
mines would be lying idle to-day instead of yielding
tons of silver. It is to be hoped that the compa-
nies possessing interests on Lander Hill will pursue
a generous and wise policy, that will lead certainly
to a consummation of their plans and the achieve-
ment of substantial and lasting reward."
ANOTHER GREAT 111INE.—One of the early dis-
coveries in the district of Silver Bend was the El
Dorado, which is now claimed and partially traced
for the distance of 6,4oofeet. Among the first claim-
ant s was Col. Buel, who prized the ledge highly, both
on account of its great size and the fine appearance
of its outcropping ore. The first location on the
southern end of the great ledge belongs to W.F.Leon
and Co., who have been working it for some time,
and they were lately rewarded by the development of
superb ore. At the depth of 104 feet in the
iri-
cline, about 60 feet perpendicular, a stratum 15
inches wide was uncovered, selected specimens of
-,vhich gave by assay 2,8,03 32 of silver per ton. The
ledge has not been cut through in the incline, but
it is known to be very wide. The El Dorado is
likely to justify the expectations of its owners, and
to prove one of the great mines of the district.
The Lander and Miller shaft broke ground on
the 14th November with excellent prospects. The
Florida shipped $106,500 in bullion for the year
ending Nov. 12. th. The reports from the outside
districts are bright as in Austin, and the mines
generally give promise of rich returns. A disco-
very has been made on the Humbolt river of vast
solid beds of peat which in a country so destitute
of fuel will prove of enormous value. There
.is one
bed covering 15,000 acres. Theo depoats are