The White Pine news. [volume] (Treasure City, Nev.) 1868-1906, 1870-07-04
OUR MINING REVIEW
For the Week ending July A.

our last summary. A successful enoft
on the part of leading mine-holders, to
sell properties. has disseminated a buoy
ancy which will doubtless increase as
capital is pended and labor augmented.
We can not but confess that, for causes
altogether illegitimate, the moneyed men
of the East and West who were wont, on
the slightest showing, to invest in mines,
require now the most indnbitable evil
dences of enormous profits before they
will even listen to magnificent offers.
This is due in some degree to the fnan-
oial stringency existing all over the
country. Money in hand has an en-
HANGED appearance, and general seeuri-
ties. of an undoubied character, are seek
ing loans in the great marts at enormous
rates Of interest. The more timid and
wary capital becomes, the less disposed
is it to touch mining enterprises. White
Pine has greatly suffered from this gem
eral state of affairs. But it has specially
suffered from rash, i%mprudent, and con
sequently disastrous specnlations hereto
fore gone into here. We are not far
from wrong in ascribing much of the
prevailing distrust abroad to the sense
less operations made by large companies
on the Treasure flats over n year ago.
The great abundance Of wealth that was
found on aud near the surface, demoral-
lied men who have elsewhere shown
good mining Judgment. The immediate
prize was too tempting. They Quilted,
robbed and ruined the upper workings
in their shameful haste to make money.
The rich minerals of the surface, that
should have gone towards developing
depth, were scooped out, leaving the
mines In a most unsecmly and r%epellant
condition A few greedy men pocketed
the money; the District was left to suffer
from the depressing efforts of their sell
hsh policy. They had dug ont the
plums from the pudding, and left the
dough for those who came after them.
SO much for the effect abroad. But
the intrinsic merit Of our mines-abused
though many of them had been,-is
bound. in the end, to assert itself. We
must wear away the unjust feeling that
has obtained; and we think the time Is
close at hand when n cheerful change
will inevitably be wrought. few weeks
Of active work, on a scale such as we are
now assured Of. viii bring us out of our
present slough of despond. The SPLEEN
did strike of a large. rich, uuiathomed
body of ore, in the South Aurora last
week, will help. Sales of several par
TALLY developed mines, consummatcd
yery recently in Philadelphia. will
- ~ T.-f,..t .Yfff .v..f14 -,
crease from both these canses. The sale
Of one-half of the Eberhardt and all the
other partnership properties here. has
gone into effect; the English Company
have paid the stipulated sums; the drafts
drawn, payable on the lst OF July have
been honored; and new life and in-
creased activity not only in the Eber-
hardt and the ~coInpany's mills, but in all
the ouer properties, will soon be the
order Of the day. The uplook Of the
mines on the west side of White Pine
Mountain, including Mount 0phir,
where a large sale has been made to
C%inelnnati buyers. is also calculated TO
furnish its quota to the pending improv-
ing times. But the sympathetic influ-
ence of all these sales with their eonse-
auent increased developments will nee
%essarily bring our District into favorable
notice in the very quarters where we are
anxious to secure good opinion.
We have truly had cause for despond-
ency; but, if we err not greatly in our
forecast Of events from actual indica-
tons, the darkest hour has passed, and
a bright day of White Pine prosperity is
about to dawn.
We allude above TO the rich strike in
the South Aurora. This mine, notwitb-
standing its singular formation, is being
worked with judgment, and consequently
with uniform success. The strike was
made in the Autumn pit, and the work
men are in a body Of ore immensely
rich and, so far, with undetermined linn
its. The Stanford mill, under the able
business direction Of Mr.. Benjamin, is
running night and day on rock from the
South Aurora, and the shipments of bull
lion amply testify to the merits of the
mine and the systematic prudence that
governs the management Of both mine
and mill. To show some pleasant facts
in connection with this mine, we will
state that twenty-five days run, upon Au-
rora ore at the Stanford mill, yielded
bars of the aggregate value of ST.
60i. 40. This rnn reaches to June both.
The incline in the Mammoth has been
driven down 100 feet at an angle OF 40
degrees, at the bottom of which a winze
has been sunk l6 feet. From this winze
a drift has been run l6 feet e~asierly, in
which ore was struck on the oath nit.
All indications go to show that the body
is an extensive one. From the ore cham
Der in the LIST level a drift has been driy-
en- IL fe~et-carrying fair ore all the way.
This ore has every appearance OF being
the same body found at the bottom of
the incline.
As a general thing we hear good news
from all the Leading active mines on
Treasure Hill. The Original Hidden
Treasure. perhaps, forms a single excep-
tion. and AZ &c this. the less connection
made between the merit of the mine
Itself and the bearing operations of
Dan Francisco brokers. the better for the
brokers. 1t is n legitimate mine; has
no sudden impulses or mutations; and
although its reputation is Mt the mercy of
remorseless street sharks, II will yet
prove itself worthy of almost unlimited
confidence. The last move we hear from
below Is in the interest of the bears
a number Of the workmen have been
locked out, although they were work
ing In a large body of very good ore at
the 200 feet level.
The Silver Wave and the Silver Wedge
are both prosecuting their explorations
STnergetlcally. The Silver Vault Tunnel
~Smp,any is in high spirits over the de-
.s,ophg mineral evidences, and the
nn"a Consolidated is in a fine ledge of
soou ore The air-shaft in this mine is
EN- Door to the explorers, who are in
al ~. way to Justify the silver hopes of
~ interested: The Wabash and Hem
toah mines will probably change hands
sent to mill.
Aa n 1afro .