The hydraulic press., 1859-10-29
II ii f, M i N f. s

In another column we have stated that
after the lSt of next January the Middle
Yuba Water Company will reduce their
rates to l63 cents per inch. The prospect
of this important reduction has already ex-
erted marked influence upon the mining
interest, stimulating to the resumption of
abandoned enterprises, the undertaking of
new oneS and the more energetic prosecu-
ton of those which have been all along un :
der way. The market value of claims has
advanced fully one-half, and in some in
stances has doubled. All classes of people
speak cheerfully of the future, and confident
ly predict an era of remarkable prosperity
The several towns affected by the reduction
feel assured of their permanence, and their
citizens express themselves more contented
to abide where they are. In all probability
the coming spring will open the most pros :
porous period the lower end of the Ridge has
ever known. The immense mineral resour-
ces of the region watered by the Middle Yuba
Canal are now certain of thorough develop
ment.
The Eureka Lake Company having also
reduced the price of water, the entire Ridge
will next year experience a common benefit
Thousands of acres of aurlerous gravel, we
speak seriously, will be prelminarily tested,
and much of it opened for washing Even
now preparations are making that are al
most unknown. At Grizzly Canon new
mining community is struggling into exist
ence, and will yet be famous. Four compa-
nes are running tunnels into the mountain
to strike lead which had previously been
prospected by means of shafts, in one OF
which as high as thirty cents to the pan was
obtained. Roberts & Co. are in COO feet,
timbering and planking their tunnel all the
way, and are about 500 feet below the surf
ace. On spur below these tunnels some
fifty Mexicans are at work sluicing, and do
ing well, if one may Judge from the free ex-
hbition they make of gold dust and small
specimens. Last week there was quite an
excitement about this locality, and ma ny
persons took up claims intending hereafter
to open them.
Lone Ridge, which we have frequently
spoken of as courting development, is also
attracting much attention. A meeting will
be held at Oak Tree Ranch to-day for the
purpose of determining the practicabilty
and propriety of conveying water to that
district by means of fume. If this object
can be accomplished, there will be another
field for much profitable labor.
CHERoKEE.-We are indebted to a CORES
pondent for the subjoined valuable items:
''Since last wrote you our town has been
quite dull, SO far as business is concerned,
and but few of our miners have been able to
work on account of the scarcity of water.
Those who have worked, however, have been
doing extremely we'll. send you the names
of the companies, and the amounts they have
taken out during the past fortnight. Henry
Il Co., 81, ,232 GO; Gill & Co., SS42 O5; and
Logan & Co. $6O6 co. These are few of
the principal companies who have been for
tunate enough to obtain water. The best
clean up of the season, in this vicinity, was
that of jeremiah Donovan, Esq, who, by
the way, is one of the most cnterprising,
energetic and successful miners in the coun-
tv. With but two assistants he took from
his sluices last week the neat little sum Of
$2,496 81, at an expense of scarcely 5000,
and this, too, out Of ground that cost but a
mere trifle to open. From present develop
ments we have reason to suppose that when
the mining season again opens, and water is
more abundant, this will be one Of the bust
est little mining towns in the mountains"