Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1865-11-25
THE MINING TERRITORY

H..U. THE MINING TERRITORY ...
is almost entirely located between the thir-
ty-ninth and fortieth degrees of latitude.
Two distinct mining localities exist within
these limits, the older and more western OF
which is the Washoe district, with its capi-
tai, Virginia City {; the other, more recently
discovered and vastly richer in minerals,
the Reese river district, with Austin as It's
capital. ~. .".i
The distance from Sacramento to Virgin
ia City is 155 miles; from Virginia City to
Austin 10 miles; from Austin to the Great
Salt Lake 1862 miles, and from Great Salt
Lake to St. Louis 1,600 miles. The Great
Pacific railroad, will run through Austin,
and telegraphic communication now exists
between Austin and this city. A dispatch
NAV be sent from here to Nevada and an
answer received within twenty-five hours.
Allgtle requisite machinery for working
the mines can be obtained in San Francisco,
and excellent roads for transportation exist
between that city and the two mining To-
calities of Nevada. In addition, the custom
mills of Austin and Virginia City, for
stipulated sum, will use their own machin-
cry in crushing and roasting the ore, and
extracting the minerals therefrom. a .
'.o' ITS MINERALS. 10.
Silver, In nearly every form known to
mineralogjsts, combined with iron, anti
mony, arsenic, lead, copper, zinc, mangan-
ese and selenium-silver, in proportionate
quantities, never yet found elsewhere In the
States, and equalling, # not surprising in
value, the ElporadOs of Mexico and Peru.
In the Washoe district occasional veins of
gold are found, but these are far more than
compensated for in the Reese river district,
by the vastly increased value of the silver
ore. which is of an entirely different char
actor from that found at WashOe. Chlo-
rides Of silver easily reduced to a metallic
state, are found here in great abundance,
and eilver bars extracted from these chlo-
rides are of marvellous purity and value.
Gold mines have frequently been exhausted,
but no silver mining region in the world
has ever given out. The mines Of Mexico,
of Hungary of Frieburg in Saxonyp of
Norway and Sweden, of Bohemia, of the
Ural and Andes Mountains have been work.
ed for centuries, and are prolific still. Sill
yer mining, for permanence and rich return,
has no parallel In any other pursuit. The
most gigantic fortunes have already been
reali5ed by capitalists from New York
and San Francisco-fortunes far beyond
those Of the most successful spectators in
petroleum. A glance at the financial col
umus of the New York Herald or the Alta
stockh of a score of silver mining
eomfianies in Nevada, the par value of
which was ten dollars share only two
years and half ago, is now selling at from
.S350,t $780, share, and the stock OF one
company at one time recently sold for the
enormous sum of $3,790 share. Let Phila-
delphians, who have not become insane on
the subject of oil, look at these figures,
which they have the power OF proving ana
investigating, and compare them with the
highest. advance made by the most success
full petroleum. companies and oil sinks into
comparative insignificanee. e'i :e'a9u;1
EG.9l iREEsE RIVER MINING DISTRICT. .it
This is the great silver storehouse of Ne
vadagand here the great tide. of emigration
is turning with wonderful force. Austin
its capital, two years ago a wilderness, has
now a population of nearly ten thousand
souls, all animated by the one great pur-
pose Of amassing wealth in short period.
Thousands of the youth and strong men
of our large eastern cities are vending
their way to this land of almost fabulous
wealth. One half mile from Austin Is the
Revenue Mine, one of the most famous and
,wealthieS mines of Nevada. Three hund-
red feet from this, the Revenue Extension
Mining Company, of this city, own one Of
Gne TlCtleSJ JTdCJo III NCNduds 1uiOO nun
dred yards from this latter tract, the Savage
Mine is worked, yielding $4,000 per day In
bullion, and the Providence Mine, yielding
$4,000 per day. Then follow succession
OF productive mines-the Oregon, North
Star, Southern Light, Morgan and Muncy,
Diana and the Midas, all Of them paying
largely. AS this wild region has only been
known within the past two years, it is q
subject ofwonder that success has attended
the efforts of the miners IN almost every
instance. -,..-.,
yelopetl, is q mile and half wide and ten
,milesilong, and its boundaries are every day
being enlarged. In this belt all the mines
that have been opened have paid we'll for
working. All that is needed Is capital at
the Doutset to develop, and year will suf-
flee TO make the mine pay for itself, and re-
turn to the stockholders more than the
amount Of their Investments In enormous
dividends. '''.i''s,' ~ ll'1'3