The herald and mail. [volume] (Columbia, Tenn.) 1873-188?, 1875-09-24
Here's Richness.


California Letter tp CiIraro Timrf.
The stock Of the Consolidated \irw'U'1
| consists of lOS.OOO shares, par value
! 500 each II sells for $40 90 $500
| share, and pays more dividends each yD"r
| than the original par value Of the -hIu..
| OF these Flood, Markuy, and OliriDn
| own G2.OOO. The California mine las
| $40, 900 shares at 500 per values, uu.g
| selling at from 500 tO $50. The Guh
/ owns 29j, 600 of these shares, as well J- "a
majority of the Best q Bclchcl, Gould S
| Curry, Savage, Hale N Nurcro.s, Euly
and Occidental.
There were shipped from the Cun#l
dated Virginia about 1000 bars of ru' I
and silver uu-Cpartcd, or about $1,000
| 600, previous Ia this year. The follow
! ing, which | copied from the books uI tl.r
company, verified by bills, rcccipi., pip,
shows the amount Of business since thr
beginning of this year: During January
there were shipped -, lOO,G97 FcbwrN,
- ,2OO, ,7i3; March, Sl,7O7 ,j1l; Apr,
81 sos, ,G57; May, -, ,52l, M, and Jw.,
81 ,jO3,S From SlSUOU,OOO to Sln-
900 900 year, 10 be- taken out OF fasiu.'s
mine, is something worthy of remark
At the end of every month the min
and the mills "clcan up;' that h., tH'
take their machinery tp pieces, take uI
the floors, etc, and collect all the go. /
and silver that may bc in ncrcvicc., s"JW,
or adhcring to any portion Of the mill.
When they begin to work again IL takes
some time for the amalHmatingpan= -
fill up and begin 10 produce. A. hr
the richness of the mines continue
this old miner and mine operator, "tb,ra
can be no doubt DO you suppose tH..H
gentlemen (mcaning Mackay, Flood, Hr
others would let everybody 20 dpwI
into the mine, if there was doubt about
it2 Besides, look about YOU u ulu.v
be- confessed that, 10 all Appearing
there was bpundlc-- prosperity Bar e
gold and silver, worth from $4,000 iJ
81 600 each, were stacked up by hundr.s
in the rooms and halls, wagons w,o
being loaded with them, and they w, .
thrown about as IL they were sp m1n
pigs of iron. In one room half dunu
men working over ~ many furnace,
melting the silver and molding IL into
bars-ycry hot work. Ia the mine, c'us
by 80 men were employed night and day,
with no Sunday pay-spcil Enaiy.,
hosting works, machine shops clrlru,
railroads, saw mills, and buildings EIs1
enough for the worlds fair were ON cNuf
hand i'm value reaching into the mill'si
The machinery IN one mill cost quar-.
of million Of dollar~, and one engine
the Savage mine cost Sl2D,OOO. To- t5
Consolidated Virginia mine alone, lOJ'
900 feet of lumber are used every mo3.I
for bulk-hcad-, nds, 10000 cord. *
wood are burned in one year in the .,
cral mil-and mines belonging O. M1clf,
Fair q Go. They have between t...s
thousand and four thousand men Dr
ploycd at an average price of four dh.a
per day. The payroll of one min,
which ! saw myself for the month g
June, amounted to about $4,000. THO
firm pays $4,000 q quarter or two hul-
drcd thousand dollars year, a- tax "a
the production of bullion for one min
The discount and express chargC- ON hu
lion 10 san Francisco cost the compaur
about $50, 900 q month. The ASSAY de-
partmcnt, spoken of above, l. able -
melt, bar, assay, and stamp 100000 g
day in gold and silver bars in combine
tion-the gold being about i5 per c.u..
The weight Of the bars is from 90 T. I'D
pounds,