The New York herald., 1851-11-15
And we have q profit of.


This shows the profit Of quartz mines, on the
lowest yield Of the poorest ever worked in Grass
Valley. But instead of $40, the average of more
than 10000 tons quarried already in that township
exceeds $50 per ton, and, could all the gold be
obtained, would come up to $50 per tom Let any
one make figures on either of these amounts, and
see what the product would be.
Ofthe mills now going up at Grass Valley, one is
by Sir Henry Huntley, on the Union Quartz Noun
tain, two and half miles from the village Of Gen.
treville This vein has been the longest worked Of
any in the township, "Chili mill Of small power
hayirg been in operation upon it for about ten
months. The mouEtain is owned BY two compa.
nies-one, and the Oldest, the "Union Company"
and the other the "Wolf Creek Gold Mining Com.
incorporation &C, Of California, and has nominal
capital Of 100000. An arrangement has been
mace by both companies, with Mr.. Huntiey, to
work the vein for half the gross products, which
will give an annual dividend on the stock Of over
one hundred per cent per anpum: This mill goes
into operation in December Of this year.
The Rocky Bar Company are erecting their mill
on the "kelley Vein," on Mas "a ahusets Hill, ad
joining the "Golt Mountain" This hill produces
equally as rich ore as the latter. The operations
OF the company were expected TO begin during the
present NTH, al the chimes being on the ground
In September, and the buildings in rapid progress.
in the adjoining to wnshp Of Nevada, including the
city, frcm ten TO ften quartz mills going up in
September, at the dates Of my last letters froIn
Gross Valley; and probably there will be one hun
dred in operation by the end of 1882. In other
with equal spirit, and with promise Of like large
results.
Thus, you perceive that there will be no lack Of
gold, even though the amount shipped to Europe.
to maintain the balance of trade, shall be greatly
increased. California will steadily augment the
yield OF her mines, and, within five years, add to
the specie basis Of the worlds business and com
merce several hundreds OF millions annually. Capt.
tslists here cannot much longer ress. the impulse
10 invest in the quartz mines, for they will be con
WINGED, not,ns rols that a source Of profit, the
world has never yet presented so extensive and
magnificent field Of operation
As friend to California, the HERALD can do
much 10 obtain for her modicum Of justice on the
part Of Congress. And first, let the money collected
from her citizens, under military rule, be refunded
cannot be discovered, and the million Of dollars
tab on by arbitrary exaction must be returned 10 the
State treasury. Up TO this time not dollar has
been e1 pended In California by Congress for pub
lie works, lighthouses, &c, while millions per 40
nun have been paid through the san Francisco
Custom House into the public cofers Is this just
lie il not rather the rankest injustcel The loss to
citizens Of California, through the refusal Of Con.
grets to return the fund 10 which t,e state Ia so
unquestionably entitled, has been enormous. With
a State rich in natural resources beyond calculs~
tion, the government has been carried on two
years with scarcely dollar in its treasury and,
as n consequence, the public credit has been paid
in warrants worth but forty City per cent. To
say nothing CT others my own loss from this cause
has exceeded s60 60OO0-having realized barely the
performed for the public printing of ls50-5l.
Yours, very truly, j. WfNcnEs TER.
iO' fslsSn NS1smsas iaTeis, * issl{