The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-06-04

no debt viii remain fully bcisve nat de people
have suent intelligence 70 soc that u E their interest
10 pay up at once ExEDlTOR
A Propesftion 60 Pay tao Debit By Direct
Tax.
10 VIE 1DITOR OF THE aERALD.
NoewMx, Conn. May %. 1895
Westd IL not 10 oasior asd osrtaisly succeas-
fua way 70 psy or the national debt 70 lay direct tax 70
two thousand million dollars leaving one thousand
nHon for basis for banking SECURITIES. &C.. a. you
propose' tax Of this character would give all classes
ohanoe and would be avery small percentage upon tho
whole valuation Of The real and personal property In the
United States Il could be divided pro rata among the
several states and collected by States without OK.
pense 70 the general government
Now. Mr. Bennett, bring your strong Scottish common
sease 10 bear upon this view, and It ID sure thing
H HOLLYWOOD
Contradictions or Prizo Money.
TO THE EDITOR OF THE HERALD.
New YORK, May 20, 1855
desire 10 take part I'm humble way) In your mag
nicont scheme for paying OF tho national debt Your
correspondent, Mr. VIM. H. Maurice, in his oommunics.
ton published in todays paper, opens tho way for gov
ernmcnt employees TO contribute by offering 70 subscribe
onetenth Of his yearly salary Custom House officer
As an officer in the navy served under Farragut At
tho taking or New Orleans and in all his subsequent
campaigns in tho Mississippi Now, instead of con
tribung ono tcnth OF my yearly income, am willing to
give ton per cent oAl prize money duo me for vessels
captured destroyed al tho taking Of tho Crescent City
A. soon as the government settles my claim THEREFOR
and have doubt II this communication should reach
affair thattboy will all follow my example In order 10
facilitate the matter would give ten per cent 70 the
navy agents for collecting the claim Yours truly,
Plan to Pay the Debt with Nevada
silver.
TO THE EDITOR or THE HERALD.
The communication in issue OF tho ed ult
tho caption, 'Paying the National Debt" and signed
I'M )" contains novel suggestion and At first thought
may appear visionary Your remarks tho same, in
your issue Of tho Esd ut and subsequent dae won
timed and pertinent What glorious spectacle 10 pre-
the world great nation Of freemen creating
debt of S. 00O in four years TO put down
famous rebellion; and instead Of being crippled and
exhausted tho close Of it, the people volunteering
70 discharge snch Indebtedness within tho first year Of
peace.
But, Mr. Editor, am sure you would welcome any
suggestions tending TO modify materially, tho pro-
post OF your correspondent subscrbs fully 70 the
idea contained in the following quotation from your
respondents article. viz Now in order TO accomplish
this t must be shown that the parties contributing,
20 make largely or they will not part with their money"
This Is very evident
You are aware that very important discoveries of rich
silver bearing mines have boon made In Nevada during
the past five years Enough has already been demon
strated TO prove the existence Of pcxhausbo quantities
Of this precious metal. awaiting the skill Of the
mining engineer, the muscle OF tho industrious MINER
and especially tho wealth Of the capitalist 70 bring
The rst silver ledge discovered In Nevada was In tho
of 1859; but little accomplished Ia develop
and is located the washoe Mining District, Storey
county, Nevada, and the city Of Virginia occupies the
site Of said mine since that time large number Of
working companies have boon organized and are in
cessfu operation converting its into bullion Among
the most prominent the Gould and Curry, Ophir,
Mexican, Savage, Yellow Jacket Imperial Belcher and
Potosi During tho past (s64 $16 900 600 in
bullion have been cxactoa from the Of this lodge
alone The yield Of the rock is about sixty dollars
ton.
In May 1862 aiache of the Overland Pony Express
Company, named william Taicott, discovered The FIRST
silver bearing quartz cdgeon Reese river, or Toiyabe
range OF mountains, ono hundred and seventy five miles
east Of Virginia City and three hundred and fifty miles
west OF Salt Lake Mr.. Talc0tt named II tho 'Pony
Quartz Ledge" He took some OF the rock TO Virginia
City for assay, when found To DO unusually rich
in pure chorides and sulphtdes Of silver Still further
year revealed tho fact that many moro
lodges existed and tho character Of the rock found 10
equal and even exceed In value the rock taken from tho
These discoveries soon became known In California,
and the honor Of presenting the claims Of these newly
discovered mines arst to the public attention due 10
DR. John veatch, distinguished geoogst and mining
engineer of Virginia CITY, who is temporarily soournng
in this city
In January 1885, the emigration from California com.
menced and by December Of that fully ten thousand
people busy exponga section Of country in extent
range near the centre of the "Great American Desert
During the year 1868 thcre discovered and located
.nrse sno" S aisaJ, s.v m ueng edses Lille
or tho veins the value OF the rock until the fall and
winter OF 1904 Since that time fully sixty lodges
have boon opened 10 the depth OF hundred feet
ovor and in overy instance tho vens havceen found 70
be permanent, with well defined walls, gradually widen
ing and yielding rock ranging in value from two hun
There arc fifteen mills now at work in Lander county
seven of which number In A1stn) Of capacity sum
cient 10 work from five 10 fifteen tons per day each
have just letter from Austin which informs me
that twenty more arc now on the road from San
Francisco
have thus given brief history Of the discovery ana
progress Of development OF the silver mines Of Nevada
and now propose show what will DO the results which
must follow the udicous investment Of capital In open
ing the mines aRd erecting quartz mills for working tho
rich Of the Reese river mines At the present price
OF government currency quartz mill Of capacity sum
cent 10 reduse twenty tons Of per day bullion will
cost in complete working order seventy.Gve thousand
tons OF orc per day. say ve thousand 10 eight thousand
dollars cost Of mill site three to 1--WE thousand dol.
assume tho total investments for improvements TO be one
hundred thousand dollars; add the cost Of good mine
y thousand dollars and the sum total is hun
bred and fifty thousand dollars twenty stamp mill
will reduce twenty tons Of ore per day 10 bullion As
Stunning each TO net only hundred dollars Che
daily yield is two thousand dollars; allowing three
hundred working days, We have ycorly net yield Of
six hundred thousand dollars coin value This result.
now TO PAY THE rArrorA, pswr
Suppose capital invests $4,000 currency in . good
MONTH and appropriate the balance Of the net income 70
the government for the purpose Of cancelng It's ndeb
sSS Five per Ssn' SSse On
twenty stamp mill per year as u.s. shown above, is
reserved for capital and there will DO amount OF
$4,000 as the product Of ono mill, 70 pay over 70
government One hundred mills would produce
goo Per S nc vbo one n,ao. and, %
becancoed In six years.
Tho question may be asked care there mines enough
in Nevada Of sufficient richness 10 give full employment
thousand mills rock that will yield ono hun
drod dollars per ton metz" reply, That Reese rivor
mining district Alone which less than ten miles square,
furnish enough ore Of the above richness 70 keep
thousand mills VI twenty stamps each fully en-
ploycd for nifty years 70 come and would cheerfuy
submit the question TO board OF ten Of the best mining
engineers this country or Europe may furnish"
3esides, Mr. Editor the great good resulting 10 govern
inent and capital the plan above proposed we should
he enabled 10 afford profitable employ thousands
nj aodierx WIN ba in m