New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-06-05
Total 6s2 l24 7g2 27l "a 457 874oes so67s

The New- Orleans Delta of the 3lst ult. says:
The money market continues very easy and the movement all
accommodating and prime paperis fast diminishing The banks
can longer keep up Their discount lines and outside
have to resort to second class and lower grade paper in Oder to
employ their surplus funds Exchange shows variation OF any
kind The Supply and the demand eonHne limited and rates
TIE report Of the Silver Hill Mining Company has
Just appeared, with a report from that eminent
authority on mining matters, Mr.. Thos. Petherick.
The Silver Hill Mine is of argentiferous galena,
and is situated in DAVIDSON County, n. c. The
property of this Company consists OF lo1o acres OF
land, containing 1000 yards Of metallic veins, ~c.,
with all the steamengDes, machinery, &c, requisite
for successful mining operations. The Directors of
the Compsny are w. Gimer Hoffman, James w.
Tyson and Geo c. Irwin, BALTIMORE John A.. Gilmer,
North Carolina; Sidney Ashman, w. H. McVickar,
and Benz. Nathan Of New York. The Company is out
Of debt, and has 5000 shares of its stock in the
Treasury. In regard to the quality of the ore, the
repos; says:
The present workings have developed two regular and power
full Veins running parallel aud traverng the properly in
north ~. cart and dipping wery 90 or four eet TWO
inches the thom The OF the veins hs been further
proved by two other shafts sunk at point go eet HgT
% feet and another about 500 feet south OF the whm shaft
which down about 60 feet whence cross cut oil % iee' strikes
Not to indulge any specnaon the great value of this
be realized by improved mode for gathering the metals
from the ores yet may be proper for Us to state here few
There is now large quantity of visible and accessible in
the various levels now opened on the veins. - e.. ,
The size of the east vein from six to seven feet and
the vein from ten to eleven feet The poducyeness
s .i a may o De b ba the onanY hnd
be abundanty suieen, to suppy the dressing machinery
We thus relieved from the greatest obstacle to all mining
Operations viz uncertainty adag that OF which
ingwsut as this appears certain and without limit -
The value Of the when obtained seems to be the only I'M
following certificate from Dr. Charles Johnson Superintendent
the Newly ork Smelling Company and the records OF oil tue
Minis Of Newf ok and Philadelphia extending over period
The average Of lead received the NewYOk Smelling
Co.'s WoIks from the Silver hin Mine Of forth Carolina yields
% per cent mahc eaa ot o. OF sei % o. O" gnu Anc
s''' Csigned) CHAs. JOHNSON sup't.
OCTOBER, I53Aay Of i7 lbs OF silver received Z the
KewYoIk Smelling Works from the silver Hill Mine Of North
Caonane yield $2l6I &c. being at the rate OF +SdO~ %
OcToBgE 1888 Assay lbs silver received the
NcwYoTk Smelling Co.'S Works from the Silver i Mine Of
Moth CaIonsnet yield 1l 90 being at the rate OF 1903 70
NAY Il t6o-Assay of sample keeved received New
o. bein 'e' 10th .sc5 10 per- TN Of 2slo lbs
ARM 49, lSOAsay Of native bullion from Silver Hill show
Ing 56l Of pure gold value Of which, delivered TO the mint
iSimed) CHARLES JOHNSON sup't.
The report Of Mr.. Pctherick we give in full. Mr..
Petherick is a very high authority Mines and his
opinions received by mining as bearing almost
the authority Of facts.
RErOHT Of Thomas Peihek esq Of Pofsrie Pa upon The
Sdres HH Mine DIpidson County. ~ O.
This important situated about ten miles In south
ely dne ton rom the North Carolina Railroad Depot lex.
iufton whence there good road the Mine which Is situated
in rolling healthy country.
lie qua ty Of land ging to The Silver Hill Mining Com.
pauy T. go acres, than wothds Of which Is mostly
liable for mining purposes.
Considering the great extent Of the estate t mineral proper
ties and probable capacity OF production IL been but
peec y developed the present mining works occupying bat
o tiifing portion q its
The mining operations with uimpoant exception have
been confined TO Two ,e represented by the accompanying
transverse section Sec named respectively the vein"
and the yeiD which separated the principal shafts
y rock VARYING IN thickness from about eight niue wards
Their principal production has been argenerous lead 1.-THE
bu0 from which contains important proportion Of go
bu considering the length OF time which ha. elapsed since
the mine rs opened the mining Operations have been
euey limited for slthoueh, with two short intervals of
amounting to,eber to little than year the mine
ba in operation about Y yesI yet tie deepest level
tuuue ia ONLY about 100 yards below the surface and the
length of the different levels only about half that
soup Of ground opened Iom the surface to the bottom