Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1871-05-09
White Pine Mines.

lFrom the San Francisco Alta.1
It Is somewhat surprising how we'll
mines turn out which fall into the
hands Of English capitalists. It Is n
long time since the public hero have
felt much interest In White Pine. But
an English journal gives rs an account
of the meeting In London Of the stock
holders of the Eberhardt and Aurora
Mining Company. From the address
Of the Chairman, E. l.. j. Rldsdale,
+. G. S., Assayer Of the Royal Mint,
on that occasion, we take the follow
ing:
"In December last, after having the
Ward Beecher mine thoroughly sur
veyed by competent authorities, the
Board took upon itself the response
bllity of ~effectlng the purchase OF that
property for 100000, the vendors hay
ing such confidence In Its value, agree
ing to take the payment in the com
pany's paid up shares. That mine had
turned out something really wonder
ful-a small ten-stamp mill In three
months having yielded a profit Of
nearly ETA, 600. So that In three months
they had actually paid for the Ward
Beecher mine, and had nearly $1,000
to the good. [Hear, hear.] Ina letter
just received from Mr.. George Att
wood, they were informed that hith-
erto the workings at the Ward Beecher
had been confined to the bottom Of the
mine that tho average Of the ore had
been $l3S Of silver per ton ; that the
gross bullion produced had been $780,
600; and that the crushed ore was now
coming out ut the rate Of $40 per ton.
1t was quite as likely to be $40 or $l1
per ton next month, as the percentage
In a great measure depended upon the
way In which the ore was selected.
Although magnificent profits would
be realized by employing the sixty
stamp mill upon $40 ore, 1t was III
tended to keep the ten-stamp mill rum
ming upon Ward Beechcr ore-that
mill, known as the Oasis paying at
the present time thirty per cent. upon
the entire capital, which, with the new
shares, now amounted to E230,000.
Hear, hear.l The Board had been
Just Informed that this Oasis mill had
run steadily for twenty-six and a half
days during the month, and produced
twenty-five bars of silver, assay value
S35, l39. having worked 295 tons of ores
Of the average assay value of $l37 per
ton. Notwithstanding there had been
very many serious drawbacks In the
way Of severe snow-storms, the nc
counts still show the very handsome
prolific of 900, SO. According to n tele-
germ received, there seemed to be an
inexhaustible supply Of this ore In the
Ward Beecher mine."
This speaks pretty we'll for White
Pine, and we trust other mines will
turn out as we'll. But this sounds
frightfully like reports which some
Boards Of Trustees In San Francisco
have received from Superintendent of
Nevada mines during the initiating
process. 1t Is somewhat remarkable
that II Of the speakers at the London
meeting stated:
"Mr. Ridsdale has informed you that
our calculations were based upon $40
ore. The returns made to the assessor
of the White Pine District, In the State
of Nevada, for the quarter ending June
Both last, gave I'll rs the average. The
South Aurora and Hidden Treasure
showed, however, an average OF $47
and $4S respectively and l may re-
mind you that the extra 81 would be
extra profit II iii mines should ave-
rage the same"