New-York daily tribune., 1865-11-25
GREAT SALT LAKE, CITY, UTAH I
SnfnrdaY. Sept. ~. ls6l.

GREAT SALT LAKE CITY UTAH !
Saturday, Sept. ~. lso1.
From Tahoe / telegraphed to Salt Lake
friend: "Are the stageroutes TO Montana and ldahs
open and reasonably safe" lie responded "Both
open and perfectly safe for passengers going norfa
who are supposed to have money. This described
NV own condition so exactly that started by the hsst
coach.
Again spent several days at Virginia City, that
wonder fll metropolis Of the sage-brash number ~
the large mining companies falling TO pay expenses
and laying heavy assessments uIo1 stockholders Tbs
san Francisco quotations nothing. for washss
stocks have more corners aud wheels within uheeis
than wallst ever dreamed Of Freeing oct" IA Q
avorite process Heavy operators secretly buv con-
trolling interest 10 the stock Of valuable minesI uocs
some pretext levy large assessments wieh the smaller
holders arc unabe paw whereby the stock Is forfeited
TO the company l. C. to the controlling owners. An
other frequent operation is cooking dvi .e-ds' bor
rowing money to pay dividends. which initiates the
stock and enables tie large operators TO sell out Hera
as everywhere else the big fishes cot tho little oness
though washoe sharks perhaps the most rayenous
The iert OF uine can either Law aside the
best ore crushing only inferior grades, and thus mako
small returns Or he can eelcc. and reduce the very
richest, and make Large returns. lie Is but the saaited
agent Of tie company; aud heavy speculators can pay
1
snureme importance that lie possess good Judgment lAd
pt rfcct integrity.
just now many OF the companies are losing money:
They ought TO lose money. Mining Is business and
mon must conduct l. on BUSINESS principles. as they
would manufacture paper or sell Gry goods Ihty have
been doing il as they would throw dice or h.ht ths
tger Will cat is It's fatal enemy. Every dol ar IN
vested In Nevada in worthless mints whether tirOngh
over sanuneness fraudulent representations. lsa
hundred dollars damage 10 Nevada. In Colorado t"oa-
IS uI,ions OF dollars have been invested IN quarts
1t
years must eapse before that rich young state fully re-
covers from the depressing effects Washoe Is snner'
tg from the same drawback. Millions 1pon millions
have been blindly and IeckesSy expended IL IS dnl
ci Il 10 ind business man IN Cali0ihlt NLo Las hot
lo,t In Washos stocks. / know gentleman wlo suuk
inst $4,000 in three weeks but be- cOud aiOId u and
ays ne the lesson cheap One company OF New-
Nork capita iss spent slC0OOr in erecting NH whoa
paid for Itself in twelve months. But Their agent Cot
-. 4. Avery, formerly II Bowen, Holmes company
did business upon business principles ahd never lost hs
balance in he prevailing INSANITY A.
In Austin found affairs improved since June; New
mills approach complexion and corsldeTaoe htSlero
| G .pita mas been judiclOusly applied trusnmg Ssm
c sts $50 Ter tun, bch is quite 100 mucl. Neary an
the ores are sulplatps ana require roastins, Nn,en
doubles The cost of !cluotion. Az eEeetNe uesuiP 49,,
III process is tie hist necessity III s Siaieu t.as
o,e tust introduced IN CaiuInia. tlIoteb le sinpo
use 1t steam will render these hard reiaeloi! orc:
/ brittle and rabie rs gypsnn. IL 'A' fiV''' ""N'"
VIZ m gS in anr invention which does not
originate with she miners themselves nc! aV I e
a,s ehpal If the books ana Ut '"t'"S' ~ N
/ III. fishing The dmcisr angler ooInes ioni 'nc wy
IL i,i,,,ats ,xiensiOn.rOd. patent Nv, Wdt-rpioh
g,hing silver brandy Aask, and all sporting theories
- 49,. b.at hut stands the ontlro day wltnont per-
III MS; 40 ~ II, ole fish. while the counTy boz bHrtfvot
su,u,s ,s ,ron.rrs and nu0ble TO write nis name With
,ig, ~ ,od line of twinc, and plain hook ahc w0rui
O,r~ n .rle ud'd siilng ol tront IN halt an hour 30
, xpermeuts IN his laboratory anotle geolo'
is, makes learned reports upon mines; out the men
ho feed the stamps originated the valuable improve.
r.nts n machinery, ana those who Nlclu Ne peA hns
] "a s.tF.. tl sfiI
JLe NeW York and Reese River Mining Company
reccnty bought 200 feet IN the "lankec B'ade for
sOOO0 Tue yelnof ore is from eight 20 sNe' iheues
tttrk Cost Of taking out ana delivering NJ lDe n'iV
enout S!S per tun. The superintendent = cOnhden.
thar ii weld vii average s<UO per tnn toGl.h
oO feet ia the MurIby mine. Twin kNer District MY
mics south OF Austin has been purchased by New YORK
ssts for S50OO. 10 is claimed thot tue VEN ore
i Twelve (eet thick and assays soO 10 sEo 20 tle t1h
la silver Pea district 80 miles souh OF AuS'lh an
otber eonpapy has lately paid 100000 (onrreneO hr
mines Tie Aus In silver Mining Company and ihs
Ranch Diamond Company have bought Tue simpson
perL Ranch six miles from the city, for elsVo IL
coyers three thousand produces three hundred
ops ~ bav apnualv and is estimated ~ contain ru,Ob
cord of wood Hay low commands soJ per II In
Wintar II usually reaches SRA Wood Is finn IS IN
Eycry superintendent l meet, who has come out 10
work mines purchased in tho East sadly disappointed
in the property when he II. Many who 20 10 New
Vork and sell mines are honest, but oyersauguine.
,,hers are deliberate swlndlers. At best there Is
large element Of uncertainty IN silver mining. as In au
business heh pays rich profits. An od superintend'
GU, vi the 9Vuld aud Curry auart1Gnl the aSksst u