The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-04-20
NC COMPANIES.
D. NJ
Total fl 675 oOO

Rocky Bar. ............. 100000 IS
Total. fl ,675oo0
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, Col Fremonts agent
requiring as is admitted confirmation from Col f. to en-
sure their validity.
Sd Leases from Mr.. Sargent the presumed purchaser
from Col. Fremont of the Mariposa Territory
Lastly from other parties in other parts of the coun
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 tho
aqua Fra ana Nouveau Monde of Baldvns
mine The holders Of Hofman's leases, confirmed by
Col Fremont are Nouveau Monde mot located) Mari
posa Quartz, not ocated) The solitary holder of an
unconfmcd Hoffman lease is the Golden Mountain and
the three walters on 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 Eng
land interested in these mines no doubts Of the vail
dity of Col. Fremont's titles.
In relation to the title Of Mr. Sargent to the Marpoa
great deal has been said but nothing appears be def
nitely understood The title set up that Mr. Sar-
gent obtained in April 1850 Of Col Fremonts
leases for seven years Of 600 feet square, upon the usual
condition Of being located within year. OF this lease
assuming il to be good the company claim an extension
to twentyon years. deed which purports to be
grant from Mr. Flandin, another assumed agent Of Col
Fremonts dated July 1851, of my estate of Mariposa
covering ten leagues of ground being about
situated in Mariposa county, This lease ia signed by
Mr. Flsndin with Col Benton Of its attesng wit
and certified by Mr. French whom Daniel Web
ster again certfes to be Justice of the Peace for the
district in which he to act One Of the
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 mil
lions of dollars
the 9Th April meeting the shareholders of the
Aqua Fria Company held in London. The object
to receive statement from Mr. Wright Of San Fran
cisco relative the prospects of the property and asoas
to the title Of the lease The claims Of Colonel Fremont
to the Mariposa 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 of
Messrs Barring with the view Of dealing impartay with
all the parties interested With regard to the proceed
ings Of the Aqua Fria Company it the d.
recors had endeavored to exercise great economy
pendture and that they possess f50OOO invested in
conso and other available securities They had already
started portion Of their staff to California and the re-
mainder would shortly proceed with the necessary
chnery In the course Of the discussion severe
questions put respecting sales of shares &c. but
these were answered in q manner that met approval
The Carson's Greek Company have mine which
discovered in 1850 which 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 ore, waiting until
rapgements could be made In Europe for procuring
chinery for crushing and extracting the metal. This
mine is situated in the county Of Csaveras Carsons
Creek which in the Stansaus river The property
consists Of three ocationhe mountain location the
crest Of the lofty clay slate range above Carson Creek
where the mine Is working consisting Of ledge of aur
ferrous quarts rock covering of 1,762 feet in
length by breadth varying from five to twenty feet
in which veins Of gold visible to the naked eye To-
cation stanislau river which is highly important af-
fordng unfsAng supply Of water and location on
Carsons Creek, valuable te for the erection Of
chinery for mining purposes 1t has been proved this
mine that ore from the deepest shaft yet sunk-1s3
feet-s richer than that the surface. and that
in addition to the distinct VEINS gold is diiused
throughout the whole Of the quartz rock These
statements certainly very natteng, and 1t s said
they supported by evidence dcult to dscredt The
directors Of the company in England men Of wealth
and credit.
The Rocky Bar Company is wholly American estsb-
lshed by the dggcrs themselves in California July in
1860 Its claims at 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
been put upon the London market for sale at the price
Of EOS per share
The Sierra Nevada Company have IL IL stated, pur-
chased the freehold important and valuable gold
mine situated in the centre Of the aurferous mining dis
tric in the county OF Marposa The mine il said be
Of greater extent than the valuable easehod mines of
Aqua Frs, West Mariposa, Ave Maria &c; the length
Of vein leased to each Of which Is hundred yards
only. The accounts given Of this mine confused
and meagrc that its shares have been unsaeabe in the
London Stock Exchange except at discount
II Is about two years since the first attempt was
made to form English companies to work the mines q
California with English capital skin and machinery and
in that short period thirteen projects with capital
amounting 10 than eight millions Of dollars have
been presented to the public with varied The
disputes about the Fremont, Hoffman. and Sargent
leases acted for time most prejudiciay on the public
mind hut confidence was soon re- established and the cap
tal Of each company as IT was presented rapidly
filed Up The excitement stil runs high and we have
DO doubt many companies will be formed before any
Of the old companies realize anything from their opera
tons The public mind Is rife for this species Of specua
ton and we must look for explosions and all sorts of dis
appointment The small sum fixed for shares in these
companies has no doubt drawn hundreds ofthousands of
people them Thepar value Of shares in all but two Of
these companies IL pound sterling sum within the
Of Thousands who but for this would not have been
connected with the movement Companies for mining In
Australia have been formed in England with aggregate
capital Of ten millions Of dollars New companies are