Lamoille newsdealer. [volume] (Hyde Park, Vt.) 1860-1877, 1865-09-06

ledge for the first three months of the
present year is given to me as about lOO,-
600 tons. yielding nearly four millions
dollars. and averaging fraction less than
$40. To meet this lower yield per ton,
however, is greatly decreased cost of
working the ore, which does not need the
roasting or smelling process, and the
whole expence of mining and reducing,
which does not exceed $25 ton, and is
reduced to SIS and $40 by the Gould &
Curry company, The probability is that
even this cost may be much reduced, and
that ore which does not yield but 5 0 and
$l5 to the ton can soon be worked with
profit. A choice selection of the Gould &
Curry ore such as promises $1,000 ton
or over. for there are streaks of such in
all the mines, is sent to Swanzey, Wales,
for working this amounts to say so
tons year; next lower quality, which
will yield 5000 or $500 a ton, and a.
mounts to some so or 60 tons month,
sent over into the neighboring valley of
Washoe to be treated by the Friebourg
process, which includes the roasting, and
is the same as is necessary for all the
Reese River ores The balance or bulk of
the product is treated at their own mill,
which disposes of about 100 tons day,
or, if there is an excess. as there often is,
at some neighboring custom mills.
There are, in all, IT quartz mills work.
ing on ore from the Comstock ledge, %
of which are connected wieh mines, and
IS are custom mills. They are located in
four different counties, only about hall
being in the same county with the mines
whose ores they crush. Fifty-four Of
them are run by steam, IL by water, and
IL by water and steam combined. They
have in all 1919 stamps, and their capac-
ity is ls42 tons daily, which is only
about two-thirds.employed now. The mines
have been running down in daily produc-
ton from 1910 tons last October to 1000
in June, but are now increasing again, and
if the present search for paying ore at low.
er depths in the leading mines is realized
it will speedily 60 up to higher point
than it ever before reached. The present
product Of the whole state is probaly
nearly twenty millions dollars year, o.
which Austin is sending forward mil
lion and quarter. and Virginia and Colo
Hill fifteen to sixteen millions. Though
the bullion as perfected here. looks lik'
silver. nearly or quite one-third Of it il
value is really gold; and this is extracted
after it gets to market, in England, or by
the United States mints in the East. Du
ring the great excitement Of 1862, wher
the Austin mines we're first discovered
. and the Comstock ledge was doing it,
best, there was wild speculation in mi
, ming properties, and many bogus. or wild
9 cat claims were bought and sold, and nu
merous companies organized that neve1
! did any business. Some statistics befor,
me give zoo as the number Of compahiel
. incorporated to operate on the Comstocl
, ledge alone; but of these only 100 hat
Q prospected mines, and only IA have oper
ated so successfully as to pay dividends
Most of the capital invested in the Nevedt
9 mines so faf has been Californian; al
5 most of the men engaged upon the mines
f either managing or working them, ar'
from that state. The leading companies
r are owned and controlled in San Francis
= co, and have been to considerable ex
e tent the victims of vicious stock gambling
s which the real uncertainties of minin,
and the ease with which bogus uncertain
. ties can be plausibly manufactured hav
= tended to facilitate. AS yet, thougl
, many great fortunes have been made, boil
|, from the mines and the commerce the.
have developed, California has not go
the money back which she has sent owe
the Sierras into Neveda; some say sh
' has invested many times as much as sh
| has received, and that not one.tweDtieth
not one fiftieth, indeed, of all the mininl
enterprises in the silver state have sue
cceded; but probably wiser judgment j
0 that, taking the conceded values of newl.
t created property in Neveda, she pays
IalT pIoHI tV-udy anu eh"e "n'S VI
hundred millions have been invested IL
mills and mines, and only sixty million
taken out in bullion, the mills and mine
are worth much more than the balance.
= Then California has taught herself an
' the country how to mine intelligcntly
: and economically, by her Neveda expert
0 euce: mining here has been carried t
: greater perfection than ever before on thi
| continent; and the wisdom thus acquire
! is already going back to profit Califor
{ MAS own gold mines, and remains an
D extends over all the mining region as
sure and safe basis for all future opera
tions. Eastern capital and eastern me
| are now coming hither in force, and prom
/. ise soon to start up anew the rather dol
). mant life of the state, and give rapid an
4 profitable development to its great minin
!. wealth. One small circle of New for
{ capitalists have already invested abou
h two millions dollars in mills and mine
- g. Auat,o and hx tho holm af