New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1850-12-11
CALIFORNIA AFFAIRS.
Roclsy-Bnr Mining Company.
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CIRCULAR.


or The Big Bar contiguous 70 the Rocky ar near
liz geographical center OF tba gold region 10 Cali
iurela, aua on the middle fork OF ths American
RIVER about 20 mics from Sacramento CITY
1t vas II first contemplated nareiy - sxeayAte
race- way and erect slight dam 81 divert me
WateF tftn the channel If the river. for the pur
rcse 81 o. collecting g"ja from ~ original bed
Public notices were duly posted. All al the re-
QUESTIONS Of the ,7rh Cdr or miners nv were
complied with-meetings we're heId-a Gonnit-
tee appointed 70 examine and report, bNr finally,
SO formidable did the undertaking appear that
fortq only oct OF some hundreds of Miners, although
the report was favorable, had courage to embark
IL the enterprise.
These ferty rcsoIute and enterprising spirits,
with willing hands commenced the work in luv,
and continued upon it until November suffering
everything but death Itself; from hard and scauty
fare, from priysti0n and disease and from sick
ness and other causes, their numbers were reduced
before the water was turned, to an average 81
I'VE atty I've usuj these IN three weeks, st THIS
late season. procured from the bed OF the river
0ua hundred ana seven pounds, nearly al of which
was scn2e gold clearly indicating be rch charac
ter OF the quartz from whence II cnme
The ramy season setting in earlier thaa usual
ard scIue weeks sooner than expected, tine work
was suspended and having in the meantime Is
certained tEat thew were IN possession 81 large
veins OF quartz supposed to be quite rich and
/ that their raceway with additional improvements
/ would furnish superior water power, capable at
al seasons Ct the year Of propcliiuG a large
amount Of machinery the Company resolved 70
dispatcb their President and Secretary to New
| York to dispose O. portion OF their stock l60
shared IN all 10 en- grants bound to California the
shares sold 10 be worked BY the purchasers during
the ensuing year the real object being toincrease
/ their numbers and strength with view OF earning
from the washings the means OF paying Tor and
erecting machinery en- somewhat extended
scale for crushing this quartz and separating the
/ gold thcTefrom.
In March and lpril Of the present year, as many
Of these shares were sold as it was thought adv
sable TO dispose Of few having been taken by
California emigrants, but the most OF them by
persons on this side, who trusted as the result
proves wisely to change IN the Company plans
/ Of operation
Conclusive and insuperable objections having
been presented to the system of 3otsatIgboraSSo
ejafi0n A set OF regular Joint stock articles were
j prepared in New York withmuch care and taken
+ by the Secretary to California and presented 10
/ the Company there. By whom they were Hnaul
moqsly adopted, and by whom also measures were
promptly taken or providing the capital necessa-
! ~ for erecting the machinery as contemplated as
/ we for paying respectable dlvIdendto stock
holders, by employing labor on 'rdgeS.
These articles OF association, 2 copy OF which is
! hereto annexed and the several resolutions which
follow, show the present position aud general
/ views OF the Company,
In accordance with one of these resolutions, the
! President left san Francisco on the first day Of
August with duSt sufficient. as is supposed, to de-
fray all the expenses attendant upon the purchase
and shipment OF the machinery on the liberal
scale contemplated and he is now actively en-
gaged in the premises expecting to have 1t ship
ped in season to reach Sacramento City prior to
| the first of April next.
1t is confidently believed, By good judges who
are familiar with and have well examined the
subject that the quartz in the possession OF the
Company is not only rich, but literally !HerhapSil-
6lc-that it costs little or nothing to produce IT.
and that the operations of this Company III work
ing the same cannot but be permanent, or at least
continue so long as gold shall be of sufficient value
to render the pursuit OF it anything OF an object.
The Rocky and the Big Bars are considered By
the old miners as the richest, to say tue least,
among the very richest portions OF the gold region
Fnci is not abundant in this locality, and could
not be procured for supplying steam engine ex-
cent hv importation, and hence it is no exasgera-
ton to say that the value placed upon the stock Of
this Company Isl ,O00,000J Is merely nominal, and
no more under the circumstances than the actual
yalGe of the water power alone, to say nothing OF
the quartz veins and rich dRgHgs in their pos
session.
It's positon is, in many respects, favorable lor
conducting large business, being accessible by
wagons within two and halt miles while road
can be cut out Of the rock down the mountain the
doubtless soon be effected
The price OF LABOR the present season "a 50 PER
day, and board: but it Is expected that IN anoth.
er vear it will be reduced TO - and the expense
Of board from 81 o. the present cost, to 81 per
dav 1t will gradually BE- reduced still more, as
the present system of mining becomes, as it must
less and less productive, and more prccaryous.
In $40, labor was one ounce per day.
AS to the revenue anticipated from the opera
tions of this company by the aid of machinery It
may not be ont place to say few words III
fact, it seems necessary to do so though the sub
ect is approached with no little hesitation and
delicacy.
We are not unaware that anything which may
be advanced on this point viii be regarded with
more or less distrusf and be received with more
or less lacycdnlHy The utmost caution will
therefore be observed. ither to deceive the pnb-
lie or encourage eXtrQyagant ideas IN the minds
OF the stockholders.
1t is in the first place freely admitted that al
calculations heretofore made this subject are
wholly speculative 1t is, however, not imposst
bic that the widest estimates may be fully real
led
As respects the abundance of gold in the foot
range OF the Sierra Nevada Mountains, it can no
longer be doubted By the most skeptical. Ia no
part of the globe has nature heen prolific IN her
supply OF the precious metal. The innumeraba
and enormous masses Of the pure gold, as wei! as
these OF gold and quartz combined, which, It may
be said, have been and are datR being found IN
this region, establish the fact concasively, that
there is more gold in this foot range OF the Sierra
Neyadas, than in all the world beside When
these extensive veins OF quartz from which all the
gold yet obtained was originally derived, shall be
penetrated, who can tell what may not BE- DIS
covered As yetthe business OF mining has been
confined to washing the earth, and with rocser AMI
In pan. separating the metal from the dirt the
original source Of the gold has scarcely been dia
turbed
some members Of this company who haze been
IN California since the first discovery Of gold as
well as others who have been there during the
present seascn-persons, too, Of good Judgment,
and reputed to possess no inconsiderabe share Of
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