Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1874-05-18
The comstock.
From the $. y. Alta, Nay 1871

lFrOm the =. r.. AtA, nay ioI
The Comstoek lode Is about entering
upon q new carser OF productiveness,
OF which the great Crown Point ore
body |. the prelude. The l4OO-foos
level now confirms the cid Impression
that that body Ia continuous, and those
OF the Virginia mines are opening out
similar convictions as to that END OF
the lode. The public mind 10 apt to be
impatient Of the time which, with the
best improvements In means that are
constantly taking place, IL required
not DULY 10 Develop new levels In the
old ore bodies. like that OF the Crown
Point, but entire new bodies like that
OF the Consolidated Virginia, Califor-
MIA, etc.; and the gambling element In
every lull OF advancement takes the
bear " shape notwithstanding the ex.
psrlencs that the inevitable rise de-
stroys the bear operators. II We look
back to the "flush times" Of tho Com.
stock we find that up to April !, 1866,
IL had given SJl,3s0,5SS In bullion to
the wsrld. The mines were then GOO
feet deep. In the last four years they
have given out. from 4 depth OF lSOO TO
1000 feet, Jj,lS1, 20S, and the produc.
Ing points increase In number. There
ara constantly new inventions and
new applications Of old inventions
which facilitate tho exploration fer
ore, its extraction. production and
transportation. The modes Of opera
ton at present In no degree resemble
those Of ten or even live years since,
before the experience and genius oil
men like superintendent Fair. What
were supposed insurmountsblc obsta-
clcs are easily overcome ; what were
difficulties are easily swept away. The
cost Of extraction aud reduction sinks
under inventions or discoveries like
Mr.. Fairs f~uel-saving engine; aud
ores that were rejected formerly are
made to yield = profit. 1.-THE stone
that was rejected becomes n cor
nsr In the hands Of the bsilder."
| Depth has now no terrors for tho ex.
pert miner, and every body Of Gre
turned up Is worked No longer waste
fully and unlntslllgently, but Is made
to Yield all II IL worth. or, as our gam
bling bear friends would say, played
for all it's worth" Under the inyen-
tive skill and energetic aetisn OF
American management . progress
has been made on the comstock Ia ten
years than In other parts Of the world
In similar formation In a century. 1t
results, NJ 4 mstter Of fact, that shares
on the lode ars daily rising Ia Intrinsic
value. IL Is no longer q question Of
shares Of q company In an Isolated
spst on tho lode. but shares In the lode
as = great whole every portion Of
which will, under the growing science
Of quartz mlnlng. give back Its full
value. Men Invest money In unlm.
proved lands because they know the
growth aud spread Of population. with
It's Increasing wants per head, will i'm.
part to thar land an ever swelling
money value. SO OF the Comstock
lode. The inexPsrlenee and doubts OF
the past, which gave a ~tluctuating value
TO different bodies, have consolidated
into present conviction OF the perma-
nent value Of the whole lode. The
doubt only Is rs to the most immediate
realization. Every foot on II. sooner
or later, will have Its determined
value. "A share on the Comstock"
will be 4 we'll defined property.
Asgalnst this formidable wealth the
bear interest erect their tiny battering
ram with the discretion OF the bull
that bucked the locomotive, aud with.
usually. the same results. There have
been cases Of successful bear oper-
atoms, but by ~betraying trusts In n
peculiar state Of the market.