Pioche daily record. [volume] (Pioche, Nev.) 1872-1876, 1873-06-29
LOCAL MINING REVIEW,
For the Week Ending Jnne rs. 1873.


fully disposed individual, who was in
clined to harp upon the hackneyed sub
ject of hard times, as it presented itself
to his impecunious vision, and as it is
wont to do to that rather too numerous
class of our fellow citizens, whose reading
OF the scriptures appears to have resulted
solely in their assumption of the motto,
II cannot work, to beg am ashamed"
Yes, times are .good-not, perhaps, by
comparison with the flush" times, when
every thing was selling at prices totally
unwarranted by any legitimate business
when every thing was on a paper
basis, and when men who were getting
rich off speculations in the stocks of
mines they knew nothing about, and to
whom the fact of the existence or alb
sence of ore in the mines they bought or
sold was matter of the most absolute
indifference, SO long as they could be
manipulated on the Board, cared little
what prices they paid for any thing; but
if the realization of handsome profit on
each and every article that constitutes
the enormous stocks that fill our ware
houses-if the constant depletion of these
stocks by cash customers or men of I'M
impaired credit, and if the spectacle of
every avenue leading to Phoebe lined
with 1ala,, MIL
goods, while every mail carries out more
orders, and the cry is "still they come"
if all this constitutes good times, then
have we unimpeachable evidence that
times are good. And such, indeed,
is the fact. And why? We answer, be-
cause the MINES, that now and ever must
form the basis Of all this business, all this
wealth, are being worked upon a vast
and ever increasing scale, and demand
the men and the merchandise, whose in
tlux, called here by legitimate influences,
causes the immense transactions to which
we allude. Never has there been a time
in our history when public confidence
in the future of our mines were SO thor
ough and complete, and we believe we
hazard little in the prediction that even
those whose only idea OF the prosperity
of mining camp is based on heavy
stock transactions in the San Francisco
Board-on buoyant markets and tre-
mo md Eva al onrAin%, hnk 4.
Bulls and Bears-even these have but a
little while to wait. From every ada.
cent-or as we old residents, 49ers of
Phoebe, are prone to phrase it-"outside
districts" come words of confidence and
cheer, and backed up by such extensive
and well directed labor, as cannot fail to
soon richly remunerate the owners of the
mines, and place the names of the sew
eral districts on that roll of honor, whose
only criterion is success. Already i'm
mense quantities of ore have been raised
to the surface in different localities,
awaiting the arrival of machinery tor
its reduction, while the Mendha Mill in
Highland is proving, not only the rich.
ness, but the ductability of the ores of
that district.
NEWARK.
We visited this mine yesterday, anx-
ious to verify with our own eyes the re-
ported rich strike. We saw on the dump
ore that we are willing to stake our judg-
ment as a miner of 20 years standing
was as rich. if not the richest ore ever
found in this district; but in the absence
of the Superintendent we could get no
details as to the extent of the deposit.
In next week Review We shall endeavor
to obtain authentic intelligence in regard
to development of so much importance
to our camp.
Work is being rapidly prosecuted on
the lower drift from the main shaft, which
is now in about $50 feet. 1t is expected
the ledge will be struck at about the dis
lance of $50 feet. From the slopes and
drifts on the 164 foot level the same
quality Of ore is being extracted. About
two tons Of first-class ore is being raised
daily. ....=
| fEANlNEs
In this mine we have no material
change to note. The ore throughout the
mine is fully equal in quality and guam
tity to the developments Of the past few
weeks. II is rapidly establishing itself
in the opinion Of the mining public as a
mine that will do to stay by.
RAYMOND AND ELY.
Underground work has been sus-
pended for the time being, until the ex-
tensive surface repairs and alterations in
contemplation and under way are COM
pleted. An immense amount of new
machinery for this mine is now en- route
from Palisade to this place. An article
from the Eureka Sentinel of the 26th
inst. notices the passage through that
place of sixteen of Pritchard's large
freight wagons SO loaded, the two days
preceding, and we learn that that is not all
SOUTH SIDE.
This location-a home Incorporation
is situated just above the crest of the
mountain, some 45O feet beyond the
water tank. The shaft was started in
hard blue limestone, and has now at.
tanned depth of 100 feet. At about u
feet the character OF the limestone
changed, and is heavily stained with
mineral. This location was made on the
hypothesis that the shafts on Panaca
Flat were all sunk in the wrong direction
to catch the great vein of the camp, ano
it is not impossible the views OF 1T
locators may prove correct.
AMERICAN FLAG.
Sinking the main shaft, and crowdinl
the work with all possible dispatch
Shipping ore constantly to the mill
9 which is running on full time. The mil
: of this Company is the mill original.
built and owned by what was known q
I the Chicago Company, in Hamilton
White Pine county. The same Com