Weekly Trinity journal., 1874-02-14
NUMBER 7.
Mining Properties and Franchises.

Mining Properties and Franchises
Most Of the miners here own several
small claims, and some of them large
tracts Of mining ground, often with ditch
es and water franchises appuutenant. The
most Of these are held on specula or
for sale, and as compared with prices
elsewhere, the figures set upon them, are
not extravagant. Indeed some good bar
gains might be negotiated here at pres
ent, the parties in ownership being ola
residents who would rather sell out and
leave the country than hold on to claims
that they have neither the inclination
nor means to put in good shape for pro-
ducton, yet Notwithstanding their desire
to sell they are constantly advancing the
prices OF their properties, knowing that
they are every year becoming more val
uable. For example : the proprietor of
the McGilivray Ranch and mines lying
on the river 10 miles below this place,
was anxious to sell the same little over
one year ago for $4,000. Last summer
he bonded it to Postmaster Stone, of San
Francisco, and his associates for 500, 600.
Failing to dispose of it to these parties,
he has since advanced the price to Sl25,-
600, and there is every likelihood that he
will want Sl50,000 before tho season is
over, as he expects to net clean profit
Of $4,000 from it during the next six
months. This is II splendid property,
embracing an extensive area OF the ter
raced bars along the river, rich in gold
large ditch with valuable water fran
chise and several hundred acpes Of land,
large portion of it alluvial bottoms,
highly improved, and covered with trees
bearing the choicest varieties of fruits,
and in such abundance that thousands Of
bushels of apples and pears are left un-
gathered, though ofa quality superior to
any ever seen in the San Francisco mar
kot. Apart from its value for mining
and agricultural purposes, this is one of
the most charming spots in the State,
and it is little likely that the owner would
care to sell or leave it, were it not that
he has already made n good deal of mon
oy and is dcsrous Of removing with his
large and youthful family to some place
whore they can enjoy better opportuni-
ties for acquiring an education.
But thcro are others equally as good
and, if large future production be consult
ed, even better things on the market
here than the McGillivray estate thus
W. have the Atkins Il Lowden property,
consisting OF II capacious system of res
ervoirs and twenty mile ditch having
| six thousand inch capacity and water
enough to keep it filled tho most of tho
year; this work being surveyed, nearly
all graded, and II portion OF it constructed.
1t is in the hands Of live men who viii
push it ahead rs rapidly as their means
will admit Of. They will sell n part Of it
using the proceeds Of the sale to finish
the work, they still retaining an interest,
or they will sell the whole, applying tho
money thus realized for the construction
Of another large ditch, projected and ur-
der way for bringing the waters OF Can
yon Creek and the North Fork and its
tributaries upon Oregon Divide, and the
benches along the main Trinity--a group
Of lakes lying under Mount Bally,"
aud other tall peaks being used as feeders.
These are both important enterprises and
will command Il large success when COM
peted.
The Loveridge Canal, Il bold and cost
ly scheme, contemplating tho convey
anco Of large volume Of water across u
mountain gorge more than II thousand
feet deep, by means Of depressed iron
pipes, ranks among the other great and
useful projects Of Trinity. The Davidson
/ Flume, the largest structure of thelklnd.n
/ the State, is another work Of much local
| interest here. This llume has for its OBJ
ject the running of Of the water and tail
ings from the Weaver Basin, and will
greatly benefit a large community OF
miners, besides cnrching the owners,
should it result in tho final accomplish
mcnt Of the end proposed. In the above
we have some OF the more prominent en-
terprises undertaken for furtheriHg the
mining interest in this section of country,
there being many others looking to tho
same end projected, as well as others oH
minor Importance already we'll advanced
toward completion.