Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1872-08-02
-fsf ARIZONA DIAMOND aAaes.

from the San Francisco Alta Of yeaterday.l.
We have q wonderful story IL tell!
We listened to 1t at first with iicre-
dulity, but after hearing all that our
informant had to say, we found that
there were reasons for believing. VIZ
have seen a document written by Henry
Janin. . mining engineer Of established
reputation. who has visited the mines,
examined them professionally and re.
ported favorably OIL them. lie has &C
ceptcd the position of Superintendent,
aud has expressed the opinion that with
twenty-five men he will take out gems
worth at least 81, 900. 600 per month.
In the paper which we saw he attached
20 much Importance to the discovery
that he discusses the question, whether
the value Of diamonds or rubies Is
likely to depreclate In consequence Of
increased production, and his conclu-
Sion IL In the negative. We have thus
commenced with Mr.. Janln because he
ID we'll known here, and 1t Is mainly
upon his statement that confidence
rests. His statements evidently COM
mand confidence, for some Of the Lead
Ing capitalists Of the State have pur-
chased stock.
The place OF the new mines has not
been communicated to us by any OF Il Q
interested parties, but street rumor
says 1t 10 New Mexico. About three
years ago an Indian near the diamond
deposits, gave several diamonds and
rub,es to a white man, who brought
them to Messrs. Roberts & Harpending
In San Francisco. Those gentlemen
satisfied themselves Of the value OF the
gems, aud sent the men to find more.
They met the Indian after . long
search, he took them to the place and
was subsequently, drowned. We tell
the story a. It was told Us.
Then Mr.. -Janin went to the spot,
washed q ton and q half Of gravel
took out one thousand diamonds, four
pounds OF rubies and a dozen sap
phIres, and selected the best ground
for mining, or that supposed to be the
best. Three thousand acres were
claimed under the Mining law, passed
at. the last session, which allows min
ers to take up any valuable mineral
deposit. Wood, water, grass and game
are abundant, and water for washing
can be- led without difficulty over the
diamond-bearlng gravel bed. The
country, for a considerable distance
around, was examined and 10 other
equally promising deposit was found.
Most Of the LOCO diamonds obtained
by Mr.. Janin are small, weighing
about = carat. The largest Is S carats;
one obtained before Mr.. Janin visited
the place, weighs 100 carats, but Is
black and Of little value relatively.
There are 100 carats In an avordupols
ounce, 60 that q diamond weighing a
carat Is a small affair, but yet II clear
and we'll. shaped 1t may be worth from
Sl5 to $50. The value Of the larger
gems Is greater relatively than that Of
the smaller ones, going up to more
than $4,000 per carat In some cases.
Some Of the Sapphlres are as large as
pigeon eggs.
The diamond mines are the property
Of the San Francisco and New York
Mining and Commercial Company,
which has been incorporated, and the
Trustees are n. 8. Latham, A. Gansi,
W. F. Babcock, Louis Sloss. William
NJ. Lent, L. II. Selby, Maurice Dore.
Gen. George B. Mcclellan and Samuel
L. NJ. Barstow, the last two Of New
York. This company Is incorporated
In this city. 1t has 100000 shares Of
stock, and We are assured that they
have been selling at 80, making the
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