Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1865-04-03
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are not going to speak Of the question OF
consolidating Gold Hin and Virginia.
That proposition 3 dead and buried
Isspsik m the up1t emphatic sense OF the
.erm--s and q itked be be who moves
.hese bed a1s consolidation which
re shalf q Seest. refers to another and an
.ntireiy different matter. The mining in.
crest is recovering in measure from the
staggering blow which it received about a
year ago and returning confidence is
beginning to be felt in the value ard per-
nanenee Of the mines, more especially
those of this district; confidence which
is strengthened by the unprecedented and
,tea6ly increasing yield of those mines
which have been fully developed. From
Cedar Hill to the Belcher mine, distance
Of some two miles, the course of the great
comstock ledge, or series Of lodges (deli-
ate question: that,) is fully developed by
lctual demonstration and the extraction
If pay ore from every claim along the line.
As far down a the Belcher, the location
IF the ledge or hedges is positively ascer-
AIMED but beyond that point comes con-
fusion, which is the worse COMPOUNDED as
We go farther south From that point,
he locations radiate towards almost every
point Of the compass; and within a mile
% the south and west, the number of COM
oanies which have located claims is almost
nnumerable. Almost every one Of these
numberless companies has done certain
mount of labor, and the tunnels and
>hafts which honey-comb the American
Flat and Blue Sulphur Districts, consti-
ute, in the aggregate, miles of laoorious'
tedious and costly excavation. 1t occurs
in many instances that two, three, and
perhaps a greater number of companies,
have located and expended their time,
money and labor upon the same ground,
leaving the contest about the title to be
settled BY costly and precarious litigation,
whenever the ledge shall be struck. II
occurs also. that there are long series OF
claims located upon ranges where the exis-
tence of any ledge at all is purely specula-
tive and problematical. Upon each of
these claims work has been done to con-
siderable extent; but in none of them a
rithe of the amount necessary to demon
>trate the existence of any ledge, if ledge
there should really be. The owners Of these
claims are poor men, and have exhausted
themselves in this superficial excavation
which Is called prospecting, but which is no
prospecting at all. The consequence is that,
oeggared in purse, the stockholders have
been forced to discontinue labor, and the
pick and drill lie idle in hundreds of
shafts and tunnels, in sinking and driving
Of which millions of dollars have been
uselessly squandered. That the valuable
lodges which are yielding their millions
monthly, extend miles beyond the limits
OF their present development, is what
everybody in Washoe firmly believes.
How far they extend. and in what direc-
ZION. is matter to be tested by energetic,
patient and costly labor. There is not
money enough in the country to sink all
OF one.fourth the shafts that have been
commenced, to q distance that would
amount to satisfactory test; but there is
money enough to sink few shafts in dif-
ferent directions, and thus ascertain to .
certainty where the main ledge or lodges
do lie. To attain this desirable object,
system of consolidation must be adopted.
To bring about such a system, there will
be necessity for Cancellation and COM
promise between companies now at log
serheads, and many of them in litigation.
II A and B both lay claim to the same
piece of mining ground, both believing
the ground to be valuable, and each con-
WINGED Of the soundness of his title, yet
neither A nor B is able, by himself, to test
its actual value, it is gross folly to be
wasting their means in litigating about a
title which would be useless to either.
But if conformity they would be able to
prospect the claim effectively, better judg-
ment would seem to dictate q consolida-
ton of the title and the funds Of both for
the benefit of all. It is this class of un-
developed claims that comes under the
general denomination of " wildcat" and
every holder of that kind of stock owns
many times the amount that would satisfy
him in paying ledge. Consolidation
would only be the reduction Of large
number of absolutely worthless ID" feet "
to few feet of what might prove to be
ground Of enormous value. In the i'm
proved state of feeling which is manifested
in our mining matters at present, we hope
to hear ofsteps being made to bring about
a thorough and effective system of pros