New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-02-26

witch have since elapsed have only tended TO sr.ov,bs,
cBsfofs therein SCI iouh
On tho 5b Orc-u,o-r -, es-s dividend Of las a.,
eenL paid 10 tho hod'rs of no original scrip. h
should ok,eryed la h.s dividend Of 100 per cd
on W,ttf OUly and pot 90 nc new capital u cara
ara ihSt ne same was pr-uc-d from me opera ons o.
shoTt VI milDg whOul the aid OF mach aery q
Which NE main rsnslce ~ no Company for large proka
ba,eo ~ pnIsusnce OF irsopu"o o ne ofighA Con-
psby ne President on he 1t cav 81 December. eontrs
ed am he espectsDs AND entsrpr snz house Of Peer,
Saith u ~. en- for mseaney 90 ascAie far more *.
tnsive atc ecrnl nhn suy yrt Constructed Tor ust .
quartz In California. IL isu comp eed and ready -
Shipping verbal trset aso been entered ulo 40
IN proprietor 81 The tt.ausaiD Pac6c. yesse ~ -
very class for suengiA an speed f0r the uansrt,
nCu OF tie nsciireiy iihe weight OF which vii BE- 80
Twelve turs TO sen Ffsucisco rhs steamer Ia In -.
Or before h~ 24h AID . Contemplated 10 fes1,
her ahty sht pscltt "a make uEgsoa Qlirk -
ssse WI couidess zsri 20 by the nioc = ~ d.
which vii be- about carry ne s.is q ts road, "A
scnit Of The transportation ~ III So heavy csstings
The uAeDi4eTy consists 81 isfso aud Improved Chis1
Nil aud SlamIegs sJgeiler viii ~hselbGgOws nd Va.
The President hai boped 10 accomplish ths D,,,,o, q,
his ues Al q much carrier day, and have had DE ps
ohuey CIeisuOn The ba during The month Of Mar
LsEt; but erdir u ~ alter OF the grczges inpors
succ procure hinery hich would prove ire nat
powerful Snd ecienf, rather thar BY too hss,e "a
ADOPT sitc which might prove aetlcenl aad re.at ID
dissI pom men1 be hss repaired AID taken much One \,
select, SO now oesifre 10 enpIess MS own tAsfcrO1 Al
he result IN conssQoenee u his, instead Of geluaR tbs
mschIefy "a OpeIsaen ~ early as May, osiass
fesis red Il may be DELAYED sOme tFee months; be,6s
the mschitTy being OF much heavier description Ian
Was sirsly contempls 81 VIII require more tune snd
ishor 10 transport ard erect the sane pon ,ae nrss.a
We regret to say that tote la been recently "a
ceivsd vi the Ge.lh OF Nj Smith, rr, ssureF by IA
cholera He most ofthy nan, and his deah Sc
COPY OF our Articles has been forwarded 70 an Efficient
agent tor The purpose VI p'o curing charter from Leg.
isagure iupg Il Is conh ieaty expected he csAS
Regarding Il MISTER Of vast importance TO have Aa
Goveruu ent umedisry adopt for running ost
sud ohposirg u he mineral lands os which me4as hs
Company ght procure sn a's- lte ue 10 he prenlses
now claimed ana ocrup'ef by them, an agent was dis
patched early ~ Jsnnary % me seat OF Government
esru the pros OF any law being enacted for he aa
Of these srda This has recently returned aad
porgs that though he ncfsis COMMITTEES engaged a
preparing bill, there lie Le prospect OF It's passage a,
ing the present session
pop sicn has sso been for arded to q wel-knowa
respol be and efergec Contractor In California -
ceye The machinery Sacramento and transport ne sns
10 Jte Rocky Bar, ato erect pui II INTO operation Hs
10 offered for this the sun s'"uo" II Is NOT YET unel
receive his reY y io th's plol'sihon
In 1879 he President disposed 81 portion only OF tbs
100 .srtf L. JAW 1850 The ori ns proprietor renewed
their authority HIM 10 ell tie femaindr Of said 10
shsr.s subaivieed at NE new rats o. sl.O each' s
proceeds from sad sHrs To be aPp'op's'ed, IN ne afss
plscr Purchase ration, and erection q
shnery or producing geld from ne orgns quartz ioma.
ZION and thrn he surplus 20 be- distributed among the sad
Origin 81 propreols Tie number OF These shares aaaor'
zed be- sold about $50 AZ far Is has been poe
sbe he spnit ~ The resolution mas been carried oqL
There remain however. ten hundred shares 10 "a
di. pcsed Of aud il IL desirable that they be soon an1
properly distributed The recurring President, to whom ha
authority was deegalec will continue 10 act a. ne alor.
pev Of the parties IN he sale OF the stock
The possessious OF this Company obtained Al
early period IN the history Of mining IN Cahonil
Atbourh this Company not the nrst 10 erecl ma
cbpety for the crushing of The quartz they mas justly b
reckoned among the fret who have perfected lher or.
ganzaun for that purpose The convenience OF access 10
the mine s abundance Of larIz aud us extensive water
power taken together place the success OF the Company
beyond all CUE Energy aud vigor In me prosecutor
and Judgment and discretion IN the management OF her
bueress are alone insure an Immense ncoms
The views of this Company in respect TO the quartz rock
operations IRE fully sustained by The report OF the don
Tlomas Butler King, and other men Of science and obser.
yntioB who have devoted thcir attention 10 The suOles
The public ally acquiring nfo nation and consequen'
ly greater ca id.nce. -.
express landing exists the part OF those t
hose benefit the stock is being sold that the funds pro
vded for the purpose Of paying hr and erecting me ns
clnerv and for paving expenses relation 70 the ct
ting of the m8chIRery in operation sha DO lnsnhceht c
thai object the balance shall be supplied nom me proceeds
OF sales OF said stock 10 the en- that deot may under
no circumstances be created against the Company or "a
stockholders be assessed for funds - -
In conclusion, viii furnish an exuact or woNons
letter received from the Superntenc enL d me company
John Hancock Esq directed to the President onAeo
cssion OF his dis continuing work upon the Rocky Bar ne
the season: have agreeable 10 your Suggestions Whi
here improved the Company's CLAIM by widening tri
deepening tie race, at an expense or aoout s3o" souI
there is space and power OF waler sancen' 'o' '@'r
have several specimens OF the scattered quartz Whl
as rich that mbedded In the original stare upa
which have been experimenting. WIN pafuai success
having no other tools than small stone mortar and ps
first burning the rock after winch 10 easily Rglsnle
and " ashed in an iron PAN with quicksilver Wih hess
very imperfect cans can msKe from three 10 egh' doh
lars per cav out OF OF the rock have ever tired
." have two three piec' broken on rom 1he ven
with crow bar IN all OF which less gold uslbd
to the naked eye,7 sc. &c. Dated Feb. b l3ol