Wyoming democrat. [volume] (Tunkhannock, Wyoming Co., Pa.) 1867-1940, 1867-08-07


be most valuable 10 minerals. Samples OF
the various rock thought to contain met.
ais, we're taken by him to New York for
assays, with the following gratifying re-
suits. We copy from the pamphlet above
mentioned--page sixth:
..-. WILLIAMSBURG, June Is, 1867.
E. B. NELSON, Esq,
SIR: From l IA ounces of your rcd ore
marked No l, we have obtained / grain Of
gold and trace of silver which would be
at the rate of $lS per ton of 1000 lbs.
From Il ounces of your ore We have OBJ
tanned 8 grain of gold, which would be at
the rate of 1920 per ton Of 1000.
Also copper at the rate of $50.
From ounce your red ore we have fire
assay and obtained 25 grains Of metal, Of
which ] is gold, which would be at the
rate of 1878 33
Balance silver, 1896
Making S4l9 80
for the ton of 1000 Tbs.
Yours, respectfully,
BARBER & WYCKOFF.
Maj. A. S. Rollins, of California, gen.
tleman Of extensive experience in the gold
and silver mining regions of that country
and Nevada--a practical amalgauator and
assayer, came to make a pcrso naliinspec-
ton of the lands leased and returned with
samples obtained the following as the re-
suit of an assay:
GREESro1Sr, July II, 1867.
A. S. ROLLINS, ESQ.
s.o0r'y yvuG oouIPrO INu.
show one one hundredth grain of gold,
which would be at the rate of $3.50 per
per ton of 1000 lbs. and trace of silver.
Yours, respectfully,
WYCOFF & co.
These reports together with the person
al inspection by Major Rollins, resulted
in the formation of a Company at New
York, under the general incorporation
laws Of that state, with the title at
the head Of this article. The capia stock
of which is fixed at $5GO,0OO, divided into
$4,000 shares of $40, each. Ten THOUSAND of
these shares or $4,000 for the purpose of
securing working capital is shortly to bs
put in the market at $50 per share.
The following are the officers of the
company as at present organized:
OFFICERS:
o. L. HALSTEAD, Esq, President.
S. j. BURRELL, Esq, Sect'y and Treas'r.
TRUSTEES.
o. L. Hallstead, Esq, of Nicholson, Pa.
Samuel j, Burrell Esq. No 81 Mas. st n Y
Hon. Thos. Barclay, No. Wall st. NY
J. B. Marsh, Esq. Brooklyn, New York.
Maj. A. S. Rollins, of California,
DR.. E. N. Banks, of Nicholson, Pa,
Maj. S. N Bradford, of Scranton, Pa.
A. S. ROLLINS, Superintendent.
The Superintendent, Mr.. Rollins, is now
at Nicholson, giving personal attention to
matters there, preparatory to commencing
operations for mining on scale that will
in short time fully develope the resources
of these mines.
The chemical analyses to which some
portions of this rock has been subjected,
has resulted in the discovery of valuable
Paint ore. On this subject the pamphle tsavs
"In addition to metalliferous rock OBJ
tanned from this property, there is found in
great abundance kind of decompose red
slate, of much value for paint, and worth
IN the city of New York twenty-five dollars
per ton. which, it is estimated, may be min.
ed and shipped to said city at cost not ex-
cceding eight dollars per ton, thus realizing
to the Company net profit Of seventeen
dollars for every ION shipped. Conse-
quently, it is believed that the product of
the Company's operations----to say nothing
of the gold and silver bearing rock--..may
also be made largely renumerative if car
ried on on a scale commensurate in any de-
gree with the wealth giving quality Of said
mineral"
This, then, is brief hurried, and rath-
er imperfect account of this new company,
which has sprung up SO suddenly, in our
midst, and is exciting so much interest and
inquiry here and elsewhere. ...
We, of course, have no opinion of our
own on the subject of Gold, Silver or
Paint mines in this County-not having
been able to give the subject neither OBJ
ssrvation nor reflection. We can but
hope however, that it will not prove an
ignis tdtuGs, and that the honestly enter
tanned opinions aud .anticipatlons of the
company, and of our Nicholson friends,
may be fully realized,
Esq. Hallstcad, tie President, 10 one of
our soundest and most prudent business
men. A man the least likely of all others
to embark in any chimerical wild-goos en-
terprise. We are assured that he and
those with whom he is associated, in this
enterprise, have unbounded confidence in
its speedy success. =. "a
Somote il be. ,... ".