Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1871-08-01

! the fall of 1865, when they were resumed
| again. Since then the work has been con-
slant. a vast amount of black ore has
! beed taken out, but now this portion OF
! The vein is about exhausted of this kind OF
Ore-they are yet taking out small guam
| titles. During the period the rebels had
| possession it yielded from 10000 to 10000
| lbs of fine copper per month, which was,
of course, If not total, partial loss to
the company and great exhaustion to the
mine.
From 1865 till now about 49, 900 lbs. of
fine copper per month have been obtained
| from it. They are now sinking "a
shaft at this place as a test fer yellow ore.
a depth of about 220 feet has already been
attained and it is thought 80 feet more will
be sufficient for the test. 1t will require
about three months to extend the shaft to
that depth. The indications for fine mine
of yellow ore are good. The hopes and
expectations of Capt. James Bailey, who
has charge Of this mine, and of other ex-
perienced miners are high. This vein is
what is called a fissure first, bed of
rock or ore called "gOsSdR," which lies
neXt the surface and forms the Out-crOp !;
second, the black ore, third, layer of
slate, and fourth, the yellow ore with
small per cent. of copper at first. The
per cent increases in descending or pass
ing further from the surface. Capt. Bailey
showed me q specimen of this yellow ore,
taken out about 100 feet below the black
ore, which, he says, is about or per cent
copper He also says it is increasing at
least from 3 to per cent. every hundred
feet, and that if it continues to increase
and sufficient quantity can be found it will
pay finally. II this test proves success
it will give employment to perhaps five
hundred additional miners and laborers,
give an impetus to other tests make Duck
town, and be great benefit to East Ten
nessee and the country at large. More
yet. &. NJ. NJ.
The following from an intelligent gen.
tleman of Knox county, will serve to show
something of the price of land in this To-
cality:
FOUNTAINHEAD FARM.
MEssRs. EDITORS This desirable prop
erty has lately changed hands, being sold
by G. w. Weaver to Mr. Banks, of Mont
gomery. Ala. AS there is much inquiry
about the price and quality of lands i'll
East Tennessee, perhaps description of
this farm, with prices &c, might be Of in
terest to the readers of the CHRONICLE.
This farm lies five miles from the corpo-
rate limits of Knoxville, and about one
mile from the Tazewell pike. 1t contains
one hundred and seventy acres, about one
hundred and thirty Of which are valley
land, the remainder on the ridge. The
soil is a dark loan, with red mulattO sub
soil, and will produce on an average about
twenty five or thirty bushels of corn to the
acre, in the valley the ridge land is only
valuable for the timber. This farm pro-
duces wheat, oats, corn and clover very
VOL and with very little extra labor i'll
the way of sub-soiIng and other improve
ment on the old system of farming; the
average crop will go considerably beyond
the above estimate. On the east end of
this farm lies the famous FOuntainhead
spring, which ever runs flush and clear
from its gravelly source, being unsurpass-
ed in quality by any spring in the State.
The farm is in a good state of cultivation
has on it a good frame dwelling, and good
out buildings, &c. The 10 acres were sold
for s. 800. The ridge land is worth $1,000
per acre, which will leave the valley land
at fraction over $500 per acre, which is
very low when we take into consideration
the good wates, improvements, &c. 80,
those wishing to buy land near Knoxville |
may feel assured that good and cheap
homes can be had here. A.A.