The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-04-20
MINING COMPANIES.

i
Sierra Nevada lev 10000 j :"
S Sacrsyoa nar. = =, 10000 p
Total ........... Ell, 675,oOO
These companies present their claims for support upon
four kinds of titles
LIST Direct leases from Col Fremont of located and
INDICATED mines
I'd Leases from DR.. Hoffman, as Col Fremonts agent
requiring is admitted confirmation from Col f. to en-
sure their validity
3D. Leases from Mr.. Sargent the presumed purchaser
from Col Fremont Of the Mariposa Territory
Lastly from other parties in other parts of the
try. in no way connected with Col Fremont and his
Mariposa FL Dorado
The companies entirely dependent on Col Fremont
are the Anglo California Sierra Nevada and Rocky Bar
Those holding direct leases from Col Fremont are the
Aqua Fra and Nouveau Monde possessors Of Baldvn
mine. The holders Of Hofman's leases confirmed by
Col Fremont. are Nouveau Monde (not located) Mari
posa Quartz (not located The solitary holder Of an
unconfrmed Hoffman lease, is the Golden Mountain and
the three walters the title Of Mr. Sargent are the Ave
Maria, West and East Mariposa The other companies
independent of titles land they only propose to
crush and reduce the of other mines Parties in Eng
land interested in these mines have doubts the vail
dity of Col. Fremont's titles
In relation to the title Of Mr. Sargent to the Marposa
great deal has been said but nothing appears
nitey understood The title set up was that Mr. Sar-
gent obtained in April 1850 of Col Fremonts usual
leases years of GOO feet square, upon the usual
condition Of being located within year OF this lease
assuming il to be good the company claim extension
to twenty one years, deed which purports to be
grant from Mr. Flandin another assumed agent of Col
fremonts, dated July 1851 Of my estate Of Marposa
covering ten leagues Of ground being about As
situated in Marposa county, This lease is signed by
Mr. Flandin with Col Benton Of its attestng wit
and certified by Mr.. French. whom Daniel Web
ster again ceres to be Justice of the Peace for the
district in which he to act One Of the terms
this grant is that until ratified by Col Fremont it is
worthless The company holding this lease will proba-
bly, make new arrangements with Col. Fremont and
the claims they The aggregate capital
of the companies recently formed in Great Britain for
mining purposes in California, is upwards Of eight mill
lions Of dollars
the 5th of April meeting of the shareholders of the
Aqua Fria Company held in London The object
to receive statement from Mr. Wright, Of San Fran
cisco relative to the prospects Of the property and also
to the title Of the lease The claims Of Colonel Fremont
to the Marposa district freely discussed and IL
elected that he placed the whole Of the questions arising
out of his leases in the hands of the legal advisers
Messrs Barring with the view Of dealing mpartiay with
all the parties interested With regard to the proceed
ngs of the Aqua Fria Company it stated that the d.
recors had endcavored to exercise great economy in
pendture and that they possess 100000 invested in
and other available securities They had already
started portion Of their staff to California and the
mainder would shortly proceed with the necessary ma
chnery In the course Of the discussion severe
questions put respecting saes of shares &c. but
these answered in manner that met approval.
The Carson's Greek Company have o mine which was
discovered in 1850 which is said to exceed in richness Of
anything known in California. The company have
heretofore chiefly directed their efforts to mining and
bringing to the surface the rude waiting until
rangements could be made in Europe for procuring
chinery for crushing and extracting the metal This
mine is situated in the county Of Calaveras Carson
Creek which in the stanislaus river The property
consists of three locaonthe mountain location the
crest Of the lofty clay slate range above Carsons Creek
where the mine is working consisting Of ledge of ar
ferrous quarts rock. covering Of 1762 feet in
length by breadth varying from FIVE twenty Eve feet
in which veins Of gold visible to the naked eye To-
cation Stansaus river which is highly important af
fording unfaiing supply Of water and location
Carsons Greek valuable site for the erection Of
chnery for mining purposes 1t has been proved this
mine that from the deepest shaft yet sunk-1s3
feet-is richer than that the surface and that
in addition to the distinct veins, gold is di1used
throughout the whole of the quartz rock. These
statements certainly very faterng and 1t 10 said
they supported by evidence difficult to discredit The
directors Of the company in England are men Of wealth
and credit.
The Rocky Bar Company is wholly American, estab
ished by the dgcrs themselves in California in July in
1860 Its claims Rocky Bar the middle fork Of
the American river and in the grass valley in the Nevada
country. One thousand shares of this company have
put upon the London market for sale at the price
Of eos per share.
The Sierra Nevada Company have, it lie stated, pur
chased the freehold in important and valuable gold
mne situated in the Of the aurferous mining dis
trict in the county OF Marposa The mine IL said to be
Of greater extent than the valuable leasehod mines
Aqua Fris, Wet Marposa, Ave Maria &c; the length
Of vein leased to each Of which is two hundred yards
only The accounts given Of this mine confused
and meagre that its shares have unsaeabe in the
London stock Exchange. except at a discount.
II now about years since the first attempt was
made to form English companies to work the mines o.
California with English capital skill and machinery and
In that short period thirteen projects, with capital
amounting than eight millions Of dollars have
been presented to the public with varied success The
disputes about the Fremont, Hoffman. and Sargent
leases acted for time most prejudcially on the public
mind but confidence was soon established and the
ita Of each company IT was presented rapidly
filed IN The excitement still runs high. and we have
no doubt many companies will be formed before any
OF the old companies realize anything from their
tons The public mind is rife for this species Of specula
ton and we must look for explosions and all sorts of dis
appointment The small fixed for shares in thes'
companies has no doubt drawn hundreds Of thousands
people in them Thepar value Of shares in all but two
these companies one pound sterling sum within the
Of thousands who but for this would not have beer
connected with the movement Companies for mining In
have been formed in England with aggregate
capital Of Ten millions Of dollars New companies orr