The Nashville daily union. [volume] (Nashville, Tenn.) 1862-1866, 1865-11-11

ago, is, perhaps, the most important even
which has happened on the Pacific Goa
during the year. It adds q new district
the vast srgentiierons region Of the Woster
world, and new species Of ore TO the minei
ologist's cabinet. Il also supplies the mis-
sing link in the splendid silver chain whie
is now known 10 stretch continuously fros
northern Nevada to the heart Of Aexics
Il is s discovery which besrs about the sam
relation to silver mining in NeYadsthat u
striking Of the Holmden Well, on Pishol
Greek, did 10 the oil business Of Vensng
county. 1t draws eff money, and miner
and public interest from less productive
sections, but at the same time It dives
powerful stimulus to legitimate Ihinih.
operations throughout the territosy. I'd
richness and permaneuce Of the silver nine
Of Nevada have received a fresh gnarante
Rom she finding Of Silver Peak
The capitalist aud iinapcier may lool
/ upon Silver Peak with amazement- Her
Is mountain traverscd BY huge veins o
ore, yielding hundreds Of dollars Of silver
tun. Some specimens 60 Is high as 81 Gee
Walls Of silver ore rise like baltlemenss from
out Of the body Of the mountain. Vast pile,
Of crumbling fragments Of the same pre-
cious substanes be All about the summit
There il enough detached ore in sight, a.
eording 10 The report Of competent enFin
GERS, 70 run z ffsy stsmp mill for severe
years Il the lsW-which has hitherto
| proved reliable in Neyada-that the rich.
ness Of a silver mine increases with ia
depth, holds good here, why should not ths
solid metal be struck a few hundred feet
down? 1.-THE metal to be mined were any
thing but silver ard gold, there might b
some fsa that the market would soon be
glutted with it. What the exact eject Of
the enormous yield Of the Nevada mines
will be upon the value Of silver currency
throughout the world we leave for political
economists 10 cipher out. Il is enough foE
the men OF this generation Ia know that
silver will probsby be worth picking up in
the street during their lifetime al least.
Regarded from a scientific point Of view,
as already intimated, the discovery Is ex-
tremely interesting. The ore is a mi xturs
Of the black sulphuret and chloride. There
is only the merest trace Of arsenic, and the
base metals. Antimony, which is the baue
Of some ores otherwise rich, il not fouad
here in any apPEeciabls quantity. Nothing
could be easier Of treatment except the Vir-
gin silver ores, such as characterised the
Mexican mines. Ii may justly be claimed,
however, that the mines Of Silver peak
yielding steady and reliable supply Of sui
phurets and chlorides, viii prove much
richer in the long run than even the most
famous mines Of Mexico. The mines of the
Comstock Ledge, (ths Could and Curry,
Ophir, &c.,) where the supply Of ore Is
abundant, and the per centage Of silver by
no means large, but only steady and GER
tain, establish this fact. The same law OBJ
tains in copper mining. Those copper
mines, such Tor example, ss line the shores
Of the Colorado River, Arizona Territory,
pay best in which the metal exists in the
condition Of oxide, carbonet or suiphurets
instead Of the pure form. They are easier
to work aud give better results.
That same proyidsntial arrangement which
is observed in the Juxtapositioa OF iron ore,
coal and limestone, in certain parts Of the
globe, is clearly perceived a. Silver Peak.
In the immediate vicinity Of the moRntain,
and owned by the same company, Is a bed
OF the purest common salt (chioride Of So
dunn covering two hundred and fifty acres.
This is Of priceless value in extracting the
silver; for the use Of salt 10 reducing the
base metals 20 chlorides, greatly simplites
the profess Of separation, aud more than
doubles the product OF the silver. Adioinin {
the salt-bed are perennial fountains OF natu-
raj artesian wells, Of pure water, sufficient
10 supply the wants Of a good sized villsge
Of miners. At the base Of the mountain is
a vein Of fre-clay, which may be used in
building furnaces. TIE company own 8
large tract Of woodland, from which an
abundance Of fuel can be obtained, few
miles distsnt. Providence could not
been more distinctly written upon Silver
Peak, 'Dig here and pay your National de5f.'
The natural advantages of the location are
also very remarkable. The climate is mild
and singularly healihful. Only seventy
miles east, over a good road, we'll supplied
with wood and water, is the smart Little
town Of Aurora, which is distant from Stsck-
ton, on the Sacramento river, but l20 miles.
The miners are, therefore, 100 miles nearer
tideWuter than several Of the most profitable
mines Of the interior. An outlet can also be
had via the Colorado river, which IS now
navigated for a distance Of about 500 mdes
from is mouth.
The management Of the mines, from their
discovery, seems to have been judicious.
They we're not purchased until they had
been pers1neily examined by a committee
Of the gentlemen resident IN this city, 70
WHOM they were offered. They were then
bought and paid for in cash. The same
gentlemen, under the organization Of the
New York and Silver Peak Mining Compa-
ny, again put their hands in their pockets,
and bought first class mill, with all the
necessary machinery, reyerbatory furnaces,
etc, capable of reducing forty tons Of ore
per day. The mill was shipped from this
city on the 18th Of August, aud will proba-
biy be ready 10 90 into operation about the
lst Of November. Estimating the yield OF
the ore at only S374 per tun, (which is the
lowest amount hitherto yielded by the treat
ment Of the suriace-rOck at the nearest
stamp-mills,) the number Of tuns crushed
per day at only thirty, aud the expense Of
mining and working at sac per tun, which
is lsrge,) we have a bet profit for one year Of
over SIS zoe 900. These figures would be
startling, If that adjective could be applied
70 anything connected with silver mining 10
Nevada, the most lucrative kind Of mining
that the world ever saw. The high charac-
ter Of the members Of The Board, consisting
OF bsnk presiden and eminent and success
full merchants, Well-knOwn throughout the
country, is a guarantee that the afisirs Of
the New York and Silver Peak Company
viii be carefully aud honestly managed.
For the further and speedier development
Of the property, the Trustees are offering 4
limited amount Of st ok at S25 shsre, (pai
value. SlO0 capital stock, 81 900 .000.) This
is rapidly being taken up By persons who
have hitherto not invested in mines, bat who
confide in the unimpeachable character Of
the Board Of Trustees, and feel perfect
sense Of security in making the investment
The stock Is full paid, and under no eireum-
stances subject T. assessmsnt--Joly7lnt o.
Commerce.