Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1873-04-03
The Outlook of Eureka.

W. lSSAtf NAih ~ 10 ~
sary 10 tell our home readers that the
general business of Eureka has been
exceedingly dull for the last three
months. Neither is it incumbent
upon us to say that matters are still
unusually quiet. Several AUS con
spired to produce this state OF affairs,
chief among which was the suspen-
sion of active operations by two of our
leading mining companies-the Rich
mond and the Eureka Consolidated.
For the information of the outside
world we may say here that it was
not for any want of ore that caused
these great mines to shut down. The
very reverse is the case. Near the
dividing line between these two
claims a body of ore, estimated by
competent experts and mining engi-
neers to be worth from So o 900 to
100000, was developed last Fall.
Both companies claimed it, and the
result was the great suit which now
awaits trial. Since legal proceedings
were instituted, neither company has
very materially swelled the bullion
product Of the district. The charcoal
trade was curtailed toa corresponding
degree. 1t is perhaps not placing it
too high to say that Eureka has
suffered a loss in cash of not less than
$500, 900 per month by the non-actiOn
of these two leading companies. We
mean, of course, that the actual cir
culating medium of the town has been
reduced to that extent. In addition
to these misfortunes, the epizootv
made its appearance, and Immediately
the balance of our furnaces were COM
PEELED to suspend for the want of coal
and ore to keep them going. And
again the past Winter was the sever
est ever knoH n in Eastern Nevada.
The roads were almost impossible
and travel for a time was wholly sus-
pended. Beset by such troubles, is it
any wonder that we have experienced
dull times. Having thus briefly re-
viewed the dark side of the picture,
let us now see if the future does not
promise a brighter aspect of affairs.
All our furnaces are preparing to
20 into immediate operation. This
will give employment to a large force
of miners, and also furnish a market
for hundreds of thousands of bushels
of charcoal, TO produce which will
engage the energies OF a whole army
of wood-choppers, coal-burners,
teamsters, etc. The smelling capacity
of Eureka last year was about 81 tons
of bullion per day. Judging from the
number of furnaces projected, and
those actually in Il r of construc-
ton, our daily bullion product will be
doubled the present season. The
Stevens flame also gives promise 0:
working wonders for the district. But
leaving that entirely out OF the ques-
ton, as a mere experiment as vet,
and still we are justified in asserting
that where Eureka produ ed one ton
Of bullion last year it will yield two
this year.
Our mines never loo. ell better. In
addition to the mines upon which we
relied last year for our ore supply,
many new ones have been developed.
The X. X, Hoosac, Orange, Jinks-
vile, Fourth of July, the Bull
whacker property, and many other
mines Of demonstrated productive
ness have all been added to the list
since last year. From the surround
ing districts we also have the most
cheering intelligence. Some rich
developments have been made in the
mines of Secret Canyon recently, and
Antelope, McGeary and Diamond
districts all send in fattering reports.
Railroad connection with the Central
is among the things probable the pre-
sent season. \ District Court at home
will likewise exercise a salutary in
ffuence on our mining interest in the
matter of determining conflicting
rights to property now lying dormant;
and taken all in all we are more than
sanguine, that a bright and prosper
Gus future is in store for Eureka. 1t
is not probable, however, that any
notable revival in business will be
realized for a month to come. We
must have a "pay day" on the part Of
the mining and furnace companies
before we can hope for a change for
the better in monetary affairs. In the
meantime it is but right and proper
that business men should strive as far
as possible to indulge one another.
Time, and that very brief, will set
everything once more on an
easy basis. In behalf of III
merchants and business men generally
who may have been compelled to ask
an extension of time below, we must
reiterate that time is all that is neces-
sarv to set matters right. The credit
of Eureka has hitherto stood as well
in San Francisco as that of any other
town on the Pacific Coast. Our mer-