Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1867-02-11


lars per share, $3.50 per foot) on all
shares subject thereto. This assess
ment will yield upward of forty-three
thousand dollars in coin. This would
seem to be a very large amount OF
money to raise on q mine which has
never declared a dividend, and which is
situated two hundred miles away from
the Comstock, where nearly all its stock
holders reside-the property being stu
ated on the side of the mountains about
eight miles west of Fort independence,
in Owens Valley, Inyo county, Califor-
nia-beiug the first county bounding
the borders of the State on its extreme
southwest. A little sketch ofthis prop
erty may not be out Of place at this
time. About two years ago, several OF
Uncle Sans soldiers, located at Fort
independence, went out prospecting,
and climbing the high mountain dis
covered what is now known as the
Kearsarge Company's series of lodges.
Specimens of the outcroppings were
taken to Fort independence, and
on being subjected to an ordinary
heat in a fireplace, used for cook
ing purposes, the bright, large, silver
globules rolled put Of the ore, and stood
in bold relief on the surface. causing
the soldiers to stare in wonder n as
constituent. or course, the series OF
lodges were soon taken up, claimed and
recorded as the law required. These
soldiers had friends and acquaintance
in, Gold Hill, who soon heard OF the new
discovery-and among whom were N.
P. Sheldon, CIV. Tozer, J.H. Mills, J.B.
Winters, D, L. Bliss and others. Agents
were sent down from here, and on o
iull examination Of the lodges, some Of
the ore was brought up to Gold Hill and
Virginia, and on careful assays being
made, it was found fabulously rich
several assays going as high as three
and four thousand dollars to the ton.
These specimens Of ore were taken
wholly from groupings of the lodges
none being taken out below four feet
from the surface. negotiations were
Immediately entered into, and the mine
was bought, and a company incorporat-
ed in Gold Hill under the laws Of Ne
vada. Assessments were levied, a first
class mill bought-belongiug to General
J. B. Winters, at Como, Lyon county
and shipped to Kearssrge a year ago
last December. Operations in the mine
were carried on by running a tunnel u
hundred feet below the outcrop-
pings, and running it on the
ledge a long distance. The first
pick struck into the ledge showed
rich silver ore. An incline was sunk
down from the tunnel into the ledge,
which. being about six feet wide, showed
upon its face, and the ore extracted
rich and valuable ore throughout.
These operations were carried on solely
to prospect the principal ledge; but the
ore exhumed was carefully stored on a
dump, but some Of which has been
worked at the company's mill with a
good yield. Another tunnel, lower
down the hill by about two hundred
feet, has been run in, and drifts on the
ledge made, with even better indica-
tons of immense wealth and perma-
nency of deposit than any found higher
up. There are now several dumps full
Of rich ore, ready to be worked when
he heavy SHOWS of winter clear away
rom the mountain sides, 80 that it
be transported TO the mill, which
s situated down below the mine
miles, on a splendid stream
If water-having a water-power not
,Icelled by any mill in the country, and
which the company will avail itself
run the entire machinery, at no dis
amt day. The mill run but a short time
asst Fail before winter set in, and proved
itself a splendid piece of steam machin-
cry. The first and only cleanup 1t
has had yielded nearly four thousand
dollars at the San Francisco mint. Last
summer the company sent an assayer
down to the mine, Mr.. julius Hamber-
ger, the well known assayer of the yell
Jacket mine, in Gold Hill and in
hundred assays made by him,
rom ore taken from the o~utcroppings
ordinary to the lowest level and face
openings in every portion Of the mine,
the average assays, rich, poor, and in
different, yielded at the rate of one hum
ired and thirty dollars per ton Of ore.
But the company got into debt. 1t costs
money to buy and put up q hrst-class
mill /; it costs money to open a mine so
as to be fully satisfied Of its wealth and
permanency-especially when it Is stu
high up on the side of a steep
mountain eight thousand feet above the
level of the sea, as is the case with the
mine. The company is 0
owing thirty thousand dollars, and the
advertised to-day is to clear
il of Indebtedness, to have ten or thir-
teen thousand dollars in cash on hand
to start up the mine and the mill, early
in the spring, and to Immediately set a
stream Of silver flowing from the kear-
sarge mine such as will astonish the
world. And IL wiH be done, too. General
John B. Winters is the President Of the
company, and aided by a most excellent
Board Of Trustees, and other officers
six months from this date, DIyl-
pESDs, and not assessments, will be the
rule with the stockholders in the kear-
sarge Mining Company.
CoLE TUNNEL SrRIKE.-Last night
another water strike was made in the
Cole Tunnel. For the last six weeks
the Company have been busy at work,
cleaning the tunnel Of the rock and mud
washed in by the food which occurred
some six weeks since, when a large
body of water was struck, which tore
up the track and s~luices, and filled a
large portion of the tunnel with rock
and mud. The men had just succeeded
in getting all the rock removed and the
damages repaired to the track and hume,
and were making preparations to 60
ahead with the work. The water was
itself out between the rocks as
there was a great pressure on it;
a large proportion OF it coming in from
overhead; Mr.. A. Plumley and Mr.. II.
Farley were at work at the time. Mr..
Plumiey informs US, that feeling salts
fed that there was great danger of the
water breaking out in q large body he
stood back ready to run, and with his
shovel punched the rocks, when all at
once they commenced to tumble down,
and the water gushed out in a tremend-
GUS body. He made the best
nossible time for the mouth Of
the tunnel, only being able to
" fl1~rvAI