The Nevada journal., 1852-04-22
Report.
FRANKLIN MINING COMPANY

we were erected OnCer5 ana trustees
with full and complete power to control
the business and intercs's of the compa-
ny, by passing such bylaws and elect
ing such officers as we might deem ne
cessary for its government-one Of the
objects OF the company being to bring
water from Steep Hollow to the divide
between Steep Hollow and Green Horn
Creek, in the vicinity of which it was
well known that very extensive and
very rich placer mines had been discov.
cred in DRY DIGG1NGs 60 very dry that
no water could be had except while the
rain was falling. We determined to
make the examination ourselves, and ac-
cordiDgly on the 25th the Trustees met
at Southern Home, and on the 2Gth they
were on the point designated for the
terminus of the ditch. On the outset
we supposed it would require ditch of
about nine n lies to get back to Steep
Hollow with fall of l6 feet to the mill.
which upon thorough examination will
be the case. We have however only
taken the actual levels of six miles, and
found it in our opinion unnecessary to
run it any farther to be profitable to the
company at tprcsent At the end of $50
chains. Ut one chain short of 4 IL miles.
we find we have crossed nine tributaries
OF Steep Hollow, which together we
think will fill the ditch with water nine
months in the year Nearly all Of this
is earth diggin that is, 332 chains is
earth digging, IA chains of upright slate
/ oh nf Id nI l. l.
apparently requiring very little blasting
No fiuming is required 1t is believed
that hands will average two rods of the
ditch per day, being $50 days that at
So per day wonld be S2l60-and 20
hands would do the work in Is days.
But for fear we have made too scant a
calculation, let US double it, and say
each man will average nut one rod per
day; making 720 days, at Sc per day,
S432O; then add $500 for expenses al
ready incurred, and such as would be
Mathematician, tho cost would be
$4,000. being so dollars required instead
of 100, on each share. 1t is estimated
that the water will run at lenst 30 sluice
heads, which will average at least s dol.
lars per day to each making 24o dollars
per day. Then deduct 40 dollars per
day for incidental expenses of superin-
tendent, repairing, &C., and we have
left 2O0 dollars per day returning to
each man his money spent every 25
days. Should the diggings prove to be
any thing like as rich as prospectors
nov report, then it will be necessary to
enlarge the ditch, and finish the line 10
Steep Hollow, where an ample supply
OF water can be had the year round
but until this is proven to the satisfac-
tion of the public mini, it would now
be folly to complete the entire ditch
when water enough can be had to make
the test without il.
We have one bid for the work at Sill
Ola 81 another bid is 5,760, the first
being more than twice ns much Ms the
latter, and the second being more than
twice as much ms our own first estimate.
and $760 more than our double innate.
with such state of facts before Us, tho
question arises to our minds, How is
the best and cheapest mode for us to
have this work done?" We are bound
to have an engineer and an assistant on
the work during its entire progress;
then would it not be better to make
them also the superintendents of the
work, and to let it out in small parcels
to individual miners that wish to remain
there after the water can be used on
their claims. This seems to US to be
the most prudent course, and to that
end we recommend the immediate as.
sessment Of ten dollars on each share, it
being enough to commence with and
that the Trustees call for such other
sums from time to time as they may re-
quire to complete the work. We also
recommend the passage Of q bylaw, re-
qulring stockholders to punctually pay
their assessments, or forfeit their stock
to be sold by the Trustees for the bene-
fit of the company.
Mcssrs. Winn and Galloway have
surveyed the ditch in person, using
tent fer shelter, but have been driven
out three times by the snow during the
progress of the work; but the season of the
year has now arrived when we may ex-
pect dry pleasant weather, so that moth
ing but a simple canvass covering will
be required for hands 10 sleep under un.
til the work is completed, after which
it may be necessary for . superinten-
dents house to be erected, unless some
person should fnd it profitable to build
a hotel or boarding house, where the su-
perintendent can be accommodated at
some reasonable rate; the latter will
most likely be the case, as the nesessi-
ties of the miners are usually supplied
as fast rs needed.
Very respectfully, yours, &c.
A. NJ. WINN, Prest. Tr,.,... &c
V. GALLAwAY, Sec. T"
Us. MANN, Treas. " w.
On motion of l.. H. Crouch, the report
was received, agreed to, ordered 20 be
spread upon the minutes, and pub lished