The mountain Democrat., 1863-08-29
oun ooRrreronzpE1Ern-
Aus-,v Auuus, OLE, 1sss

AUSTIN, August 2lst, 1868.
EDIoRs DENocRAT: Afler spending several
weeks in the country and rusticating in those
rural towns, Virginia and Placerville, l re.
turned TO ind our city grown beyond recOgni.
ton. One can hardly realize the astonishing
improvement made in 90 short q time. Il Is !
fixed fact that within eight months the city oI
Austin will be the third place in importance on
the Pacific coast. Already the receipts at our
telegraph office are only exceeded by two Off.
ces on the West of the Rocky Mountains.
Buildings are going up all around us. The
sound Of the ax aud hammer greets the ear
in every direction, and the welcome sound OF
the steam whistle rises above the din of busi.
ness and proclaims the fact ihs. we have ;ws
mills ia operation, PuBDlp2 cAEs'r =. :,
have three other mills nearly completed. The
owners in different claims are croWding the
mills for the next chance" One hundred
mills could not crush the rock which wound
he AaSsn out right AxAy, were the msAnS "I
crushing at hand. There never was as fine an
opening for capitalists as building mills ut this
place.
Mr.. Burl went into Virginia yesterday with
the 1rst shipment Of bullion, from this place,
which was crushed at bis mill. lie had the
proceeds Of Two and one half tons Of rock from
the Florida cUmpany's claim ON the Mugnuliu
Ledge, which yielded the nice little sun VI Une
thousand nine hundred and eEHSIy-twU dollars
and sevenIy-tive cents! This rock was taken
out about twenty-five feet from the NugaOliu
cnmpsny's incline To the same ledge; the two
companies having settled their difficulties are
now clear in their titles. TIE same mill also
crushed ten tons at rock from the Morgan aud
Muncey ground which yielded betw cen three
and four hundred dollars to the ton! There
were several other yields equally rich, but as
am unable 10 get the figures cannot give them
to- you. l only send you such facts as know
to be true.
Within the past two weeks, there have been
stocks here sold at the following figures, for
cash: Yankee Blade four hundred dollars per
foot; Union No ., four hundred dollars per
foot Morgan Nancy five hundred dollars
per foot. One hundred dollars per foot has
been offered and refused for stock in both the
Magnolia and Florida, aud stocks are rapidly
increasing III value.
I Work Is being done on all the lodges and they
are being fast Developed. The Sel mnur Com.
pauy (lurmery the Caspian are running All
nclIne and are now taking out snrne as Tin,
rock rs any in the Territory which will be
c u>hcd as soon aS their turn COMES Th,
Ethan Allen boys have run IA tunnel and struck
: their ledge and are nov gelIIRg rock crushed
al Brooks Co.'S null. THE Magnolia CompA
ny are taking out rock aud will soon have Il
large quantity crushed. IL fact the country i.
iuIl "t life aud activity. The fact that we ar,
;n"w taking cut money here nstead "f depend
ing on us oelhS GFhught IN from Olher places
gives new lite 10 ever, thing.
Sew discoveries are be ug made evcrv dav
! \ new ledge has been discovered immediate /,
below the Magnolia. which appears equally II,
good, called the Milwaukee Ledge and tw,
COMPANIES located on il, one called the M,wau
krr and the u'hel the Elk Horn Company. ais
the Governor Dnwuev which Is we'll uuught "i
TIE hills are tulI of undiscovered lodges wait
ing the u>e Of the pru>p~ctrrS Puck.
Itts, N M npN ~ II
suits ui the working "t rock hear severn
reports but wish l." c"nhne ,self Ia figure,
ihui know aud can maintain. io facts aud no
fancy. suppose y"uf readers want facts and
figures aud not any mans "Ianion.
AUSTIN.