The White Pine news. [volume] (Treasure City, Nev.) 1868-1906, 1870-08-02

for the six months ending July LIST, read
THE REPoRT
The report sets forth that difficulty
was met with in procuring the data re-
ouired, and that in several instances fur
mace men acted as If specific information
upon a subject which was of universal
interest infringed upon their private
business. The same mistaken policy
wonld leave the country without import
ant data upon agriculture, manufactures,
mechanics and all other productive in
dpstries that form the basis Of the coun-
,rv,s ~prosperity. The committee were.
however. enabled to procure sufficient
statistics upon which to form a fair esti-
mate Of the bullion production. They
6nd that from the LIST of January to the
LIST of July, 1870, the amount of ores
smelted In the District was 4,l7l tons,
and the bullion produced therefrom vas
/ 357 tuns-from which the following is
given as what ought TO be the entire
value product:
silver value, at sil6 per tun. ...........s lS6. 1856
Lead value, at s cents per fb............ 1881 0
Copper. presumed 10 per cent........... SI,9s0
Aggregate -. ISIS, 2bl
The daily product has only been about
nine tuns: and this may be traced to
causes patent to all familiar with the dis
advantages that have VIGOROUSLY attend
ed this infant interest. Our lack OF ex-
~periencs in the manipulation of complex
ores, and the delays attendant on the
conversion of the base bullion into cur
rent funds, formed the difficulties in the
way of successful and regular operations.
The first has been overcome triumphant
" in the construction Of durable furnaces
and in the proper commixture OF ores,
inducing fluent slags and n greatly less
ened amount of fuel. The second diff
Guilty can only be remedied by converting
our base bullion into m~erchantable sill
yer. lead and copper ourselves, and to
this end 1t Is expedient and profitable to
address our best energies. The existing
smelling works are capable of producing
80 tuns Of bullion daily, to which we may
add the presumed product of Governor
Matteson's works and the Megary fur
mace, say 20 tuns, giving in all a daily
product Of 80 tuns. The report then
states that the committee had IN inter-
view with Governor Matteson, who as
sured them that he would put up re-
ducing works capable Of separating 10
tuns Of metal per day, with an increase
Of capacity according to certain contln-
gencies. He, however, advised the
formation Of q corporate company by the
citizens of White Pine, as being a neces-
sity TO fill the hiatus between its produce
ton and his capacity to meet It. The
erection of works comprehensive enough
i 49, On t,.a If hulltap daiIv Waa
therefore an imperious necessity. Almost
the whole of the White Pine bullion is
now afoat either in the East or
the West. Months have elapsed without
returns, and the pittance OF usurious adj
vance has not been sufficient to keep
enterprise alive. With works compe-
tent to supply weekly current funds, the
present paralyzation would cease, and
before the close of the year. double u
estimated products would be had. The
committee then recommend that a COM
pany be organized for the purpose Of
establishing parting works. with a capi-
tai stock Of sl00, 900, divided into 1000
shares OF 500 each. If such a COM
many should be started by responsible
men, there would be but little difficulty
In obtaining subscriptions to the entire
stock. With q paid in capital Of 10
per cent, there would be a sufficient
fund, properly and economically managed,
to commence practical operations. But
there il a letter Of inquiry in this city
from a house in Chicago, which throws
out the idea that stock would be taken in
that city for the purpose Of establishing
parting works here.
We have seen that with the furnaces
already here, we are capable Of produc-
in so tuns Of bullion per day. But II
that bullion could be separated, and the
silver obtained from day to day, the
District would be supplied, from its own
with capital to multiply fur
naces, and to increase the number OF
productive mines. The augmentation
OF both these producing industries
would necessarily follow the successful
parting Of our metals and the retention
here Of a large proportion Of the pro-
ceeds of our silver production. Every
interest in mining. from the extraction
of the ores to the stacking OF the bull
lion would receive an impetus from the
ready and unlimited cash returns within
the scope of our ability. Our capacity
to produce money would only be limited
by the capacity of our mines to yield
remuneratiye ores. Hence, we are
driven TO these conclusions: Either
White Pine can become one of the
most fourishing mining centers on
the continent, or her mines as a whole
are without Legitimate basis of permanent
value. If the latter be true, every in
terest of trade as well az of mines, must
fall, and prosperity Of all kinds become
worthless. II, however, the former con
clusion be true-and we have every
reason 10 believe it to be-then there is
no excuse for the present depressed con-
dition of affairs; and II such condition be
permitted to continue, when It has been
plainly demonstrated that we can, with
proper effort and intelligent enterprise,
In our legitimate field Of resource. emerge
out of it. We clearly confess u unworthi-
ness to possess a district rich In minerals
but poor in men of common sagacity and
ordinary business intelligence.
The report was received and the com
mittee discharged.
On motion, the following named gen.
tlemen were appointed a committee to
take the initial steps for the organization
OF q company and to canvass for sub
scriptions to capital stock: Messrs. With
ineton, Everts, Wheeler (red), Woodruff,
Mcintosh, Spalding, Hamilton, Paxton
Il. Barney, Mccormick. II. s.. King,
Ayers. Cadwallader and DR.. Temple.
The committee were requested to meet
at as early a period as possible in City
Hall. Adjourned.