Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1872-04-24
APPRHCIATIVE.

stand the intrinsic value Of the Com
stock lode. They are nov reaiizing
that it Is the grand, the greatest and
most valuable silver aud gold deposit
In the known world. Yes. and even
those most Intimate with Its workings,
It's peculiar characteristics and general
character since its first discovery down
to the present time, living upon. and
we may say In It, during these dozen
years past, now find It richer In Its
deep workings than they ever rsamed
OF. The time was, seven Of eight
years ago, when judging from the ore
then developed and we'll known OF,
that experts said there would DO q
limit to Its profitable working-that
beyond a certain depth Il could not b
worked to advantage. But the water
strata has been passed, so that the ex-
pense of pumping Is comparatively
little to what 1t was then, and with
each year the improvements In ma
chlnery have more than kept pace
with the times and progressive require.
ments, and even low grade ores can be
hoisted to the surface from q depth Of
over a thousand feet with good profit,
more so than by any other possible
way. Heavy improved engines, wire
cables, double cages, and other modern
appliances are effecting this object
very efficiently. All these points be-
ing taken into consideration, sdd very
materially to the value and Import
ance of the present immense, and'im-
mensely rich developments, not only
in the Gold Hill but the Virginia por-
ton Of the great lode. Pursuant to
what we are saying. tho San Francisco
Ala of Monday makes tho following
Just and interesting statistical remarks:
The public have been very slow to
appreciate the immense wealth which
has been developed In the Comstock
mines, and are surprised when a por-
ton Of that wealth Is represented by
figures for the stock which are consid-
erably In advance Of what they been
accustomed 10. In the early times
Gould s. Curry sold at 5000 per foot
or 81, 0O0. 900 for the mine, and It was
considered a vast price to pay !: but the
mine produced $4,000 per foot. Tho
price per foot was better appreciated
than the large sum. That was then
an unprecedented mine In wealth. 1t
far exceeded anything that had been
known in the world. The develop
ments now In tho Comstock are more
in advance OF the Gould & Curry than
that mine was then of any previous ore
bodies. The Crown Point to-day sells
for a value of SIS, 800. 900, or double
what the Gould Il Curry sold for, but
the known value Of the ore, as far as 1t
has been measured, Is, In four levels
opened, 10000. 900. Another level Is
about opening which, In quantity and
quality, Is estimated to exceed any
! other above 1t. The full mill capacity
Il Is, 900 tons per month, or 10000
| 900 tons per annum, which, In four
| years will amount to 100000 tons; bnt
there are $50, 900 tons In the 18th level
| alone, and Of that ore there was
worked last month-not all the mills
running-lO, 1853 tons, giving $6So,s4s
or 1920, 900 profit. or over $4O per ton.
| This month the production from a
larger number Of mills 10 much higher,
and will reach $500. 900, giving Q value
OF q, 500 per share In dividends for the
four years, Independent Of all the rest
of the mine. The 18th level promises
10 be Of still greater capacity, without
taking into consideration, a. yet, what
may lie below that. We have now to
| reflect that this vast amount OF ore In
| the Crown Point Is only one-hah the
ore body embraced In the two mines,
| Belcher and Crown Point. The 1l00-
| foot level runs 200 feet In continuous
ore through the Crown Point and
| Belcher mines, and new developments
| daily attend explorations In the latter
mine. There Is strong confidence that
levels Of the same depths will be pro
duc.ive in other mines. The ore bod
les discovered In the Savage, Hale q
| Norcross and Chollar, have not yet
been explored to determine III how far
they may rival the Crown Point. 1t
has required over a year to determine
the value Of the latter, but every days
progress in the Hale and Norcross &
Savage gives strength to the conyic-
tions that the Crown Point values may
be approached. 1t may Do assumed
that the ore discovered In the Comstock
during the past year Is more than
equal to all that had been preU-
ously taken ont Of 1t. IL 10 TO be borne
In mind that, although stock values
are the first to feel the presence Of this
great ore wealth, yet every interest In
California, the United States and the
world, must feel 1t ultimately, since
the present year will carry bullion
production on this coast TO the highest
| io,,ra IN baa aver YET attained.