Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1866-11-19
THE sUTRo TUNNEL.

AN1t
the Coms,ock ledge. written in the city OF
New York. on the 26,h Of October. He
was TO leave on the steamer OF the hrst Of
November for San Francisco, and we may
expec, to see him over here in Washoe
within q short time. Mr.. Sutro Is quite
~sanguine Of the ultimate success OF his
grea, tunnel enterprise. OF the immediate
prospec, of commencing the great work,
he says in his letter: III expect to raise
the sum. as indicated, without trouble,
and shall start the work at once. After
that is done, I have the assurance Of the
men in New York that any
amount Of capital can be obtained. They
are rather suspicious of affairs on our
coast, and like to see the feasibility Of this
undertaking first practically demon
s,rated." Now, what Mr.. Sutro wants,
and what we all shall want, who are inter-
in the further development Of the
vast Of the great Comstock ledge,
is for our own business men, right here
in Storey and Lyon counties, to take hold
Of this matter, and to subscribe to the
tunnel stock, as far a. their means will
allow-and that all our dividend declar-
ing mining companies in Virginia and
Gold Hill will subscribe to the full extent
Of their means, and that our mill-men do
likewise. New York capitalists are right
in asking that our locally-inserested peo-
pie shall show to them that they have
confidence in the project and that they
are willing to risk at least a portion Of
this vas, outlay (S5,ooo,o 900, we believe,)
Of money to drain and to properly de.
relop to a great depth. what has thus far
in the worlds history of wealth proven to
be the richest and most extensive deposit
Of the precious metals on the face Of the
globe. Mr.. Su.ro will be among Us in q
few days, with suficien, capital furnished
him to commence the good work, and in
his behalf we appeal TO the men OF means
in this section, and to the stockholders Of
our mines, who are living in San Fran
cisco, to literally respond to the require
menss to push this grea, work right ahead.
This will not only demonstrate our own
confidence in the feasibility Of the enter
pri,e-and no man will deny the practica.
bility Of it who has taken the trouble to
inform himself Of the plans and speci6ca-
tons Of the projectors-but it will also
show to the men Of capital in the East who
are expected to furnish the bulk Of the
means, that we who are living right here
on the Comstock Lsdge-or who may have
our thousands invested in its partially de-
veloped mines-havs q substantial conf
dence in the vast and almost incompre-
hensible benefits which must necessarily
result from the accomplishment Of the
great enterprise known as the Sutro Tun-
mel. As we understand Mr.. Sutro, in his
letter to US, he has had no difficulty in OBJ
tanning the pecuniary means to commences
active working operations-but those who
stand ready to furnish their millions to
complete the work, desire that our own
people shall also do something towards it.
This desire 10 set forth in . circular which
we append below:
NEW YORK. October S, 1866.
A. SurRo, Esa-DEAR SIR We have
carefully examined your project for a
Draining and Mining Tunnel to the Com
stock Lode in the State Of Nevada, and
consider the same an enterprise which, in
our opinion, when carried out, will prove
Of i~ncalculable benefit to the mines on that
lode, and at the same time a source OF
large revenue to the parties undertaking it.
We have taken some pains to ascertain
what chances exist in this city to obtain
the necessary capital, and have come to
the conclusion that you will find it q
matter Of serious difficulty to convince
the people Of New York at large OF its
value; the principal and, in our opinion,
fatal objection TO its success here at present
being the fact that no portion Of the CAPT.
tai has been subscribed on your coast.
II the mining companies On the Com
stock lode, and the people Of Nevada and
California, who are familiar with the value
of your mines, would evince their conf
dence in this enterprise, by subscribing Z
portion Of the requisite capital, say four
five hundred thousand dollars, and
work on the tunnel is actually com
menced, we think you will find it com
paratively an easy task to obtain the bal
ance Of the funds here.
We would consequently advise you not
to lose any valuable time in futile at
here or In Europe, where, no
doubt, the same objections will be raised,
but to return at once to San Francisco
and use your efforts there to get the work
Let some Of the leading men on your
coast who are known here for their COM
standing and their integrity, form
preliminary Board Of Directors,>and you
may then, while the tunnel 10 daily pro-
crossing, return to New York, we think,
with confidence Of success and wa shall
use our best efforts TO assist you in &C.
complaining your object.
Your perseverance and the practical
and able manner in which you have pre-
this laudable undertaking to the
deserves our communications, and
i. shall be u source Of qualification to Us
to see your labors crowned with success.
We are, dear sir, respectfully yours,
Samuel Willets, J. & Il. Green
D.. I. Willets, baum.
J.. H. De Bsyoise, Peter Cooper,
John ilsby, August Belmont,
W. S. Martin, Eugene Kelly,
E. S. BALM, r. c. Ferguson.
John T. Martin, VIM. T. Coleman,
B. Sillinan, c. 4. Garrison,
Emil Heinemann, Duncan, Sherman
Daniel II. Temple, s. Co.,
J. II. Coghill s Co. Francis Skiddy,
w. Seligman & Co. johnson & Lazarus
J. Perry, IT.. Wm. B. Ogden,
Polhamus & Jack J. c. Fremont
son. R. L. Cutting,
Mott s Jus,h, DAVID Hoadley,
T. F. Lewis, Geo. A. Freeman,
John T. DAILY, S. L. NJ. Barlow,
D. Appleton s. Co. NJ. Morgan's Sons,
VIM. Aufermann. NJ. Herzog,