The Democratic press. [volume] (Ravenna, O. [Ohio]) 1868-1901, 1875-01-28
THE NEvAp. s1LyE. EXCITEMENT.

THE NEVADA SILVER EXCITEMENT.
The Value of the Silver Mines and the For
tunes that have Been Made" Millions
In It,
A letter from San Francisco Gays !:
Our friends in the East hardly realize
the excitement pervading our coGimu-
nifty, and indeed, the whole Pacific
slope, over the news of the great
'bonanZa" discovery in the COmstock
mines, in Nevada, and the consequent
speculation in stocks of the companies
located on the Comstock front in our
stock market. Our people have gone
wild over it, and California street day
after day reminds me OF what have
read of the scenes that were visible in
London and Paris in the days of the
South sea and Mississippi schemes.-
Men, and women too, who were COM
paratively poor the other day, have
suddenly become rich beyond their
most eXtravagant dreams, and now
give rein to hopes and fancies, gor-
geOus enough to make the head reel.
"A few weeks ago the stock of the
mines was quoted at low figures. In
October the workmen in consolidated
Virginia struck drift of SURPRISING
richness. Examinations made by ex-
perts revealed the astounding fact that
this ledge of ore, or "bOnanza" as it is
called at the mines, extended at least
l,7OO feet in length, and had depth of
no less than 600 feet. The value of
the ore taken out is from $500 to 5000
pertton. x-s.i % Z.#. ..-r.. 1,i- 4 t--...s.
Mr.. Deidsheimer, a mining engineer
of large experience, gives it as his
opinion that the bonanza contains not
less than 81. SOC, ,OOO,O 900 worth of bull
lion. Think of it! Silver in the earth
and easily y taken out almost rivaling
in value the extent of the national
debt of the United States! Mr.. Died.
sheimer says that he discovered one
pillar in the Consolidated Virginia,
worth, according to his calculations,
S7O,OOO,OOO. The Consolidated Vir-
ginia and California are controlled by
four men, who, are in partnership.--
They own 10000 shares in each mine.
Their names are James @. Flood, w.
s. O'Brien, John Mackay, and James
q. Fair. Shares sold Oh the street for
$500. The present aggregate value of
fore, is $50, 10000 and hefourshare-
IoidClS al W. cdCU.
Butsthis is not all. If Mr.. Died shei-
bonanza will yield in the end 81, 500, :
OO0 600, it will be safe to say that these
four men wiilsiu n few years be worth
as much as $3.50, 100000 EACH Either
of them will be richer than the com.
bined Rothchild family !; richer than
manly dakedoms and principalities of
Europe. Il believe that your Mr..
Stewards wealth is estimated at $780,
0O000O, and Mr. Astor's at about the
same, and their fortunes have been the
result of many years of patient toll.
But here nre four almost unknown
men who suddenly leap into riches
which leaves the wealth of the A stors,
Stewards ahdlFanderbilts lar behind.
Another OF the prospective billion
aires is Sharon, the man who is going
to. be elected United States Senator
from Nevada as soon as the lexisla.
tnrc of that State meets. Sharon
owns heavily in all the mines on the
Comstock front, and if the bonanza
extends far into and beyond Ophir, lie
will become as rich as Flood and his
companions. He is alpeady worth
$20,OO0,0O0 or $50, coo, 900, and is going
ahead at the rate OF, S2a1, 900 day.
Sharon came to California from Ohio
with the pioneers OF 1919. lie had
been flatboatman, then q briefless
lawyer in sOme small Missouri town..
and then struggling merchant. When
he reached here with few dollars in
his pockets he plunged into specula-
ton, made money and lost it, went
around scedy and hungry, was picked
up by the Bank of California and sent
out to Nevada to assist in tho man
agement OF small branch there, and
thus started on the road to fOrtune.-
lie is now Familiarity called "The
King of COmstOck." Among his as
sociates is Ralston, the President of
the Bank OF California. Sharon is
lives most of the time i'm SanFrancisco
He is large owner owner of real es-
tate in San Francisco, and is interested
in a hundred enterprises. Latterly
he has been buying up mining prop.
erty in the neighborhnod of his Com
stock possessions, and now holds with
Ralston, a controlling interest in more
than dozen mines. 1m the rise of the
stocks of the mines large fortunes
were made. The value of Consolida.
ted Virginia increased at the average
rate of S2,OOO,OOO per day, for seven
teen days, and since December L, the
value of the California mine has in
creased at the average rate of $780,. -
700 per day. OfcOurse the stock kept
advancing all the time. "A list of
sixty names is given of men who in
this stock made immense fortunes, and
all from few hundred dollars. r-fnas
.iu5-4 7H3 H1i'f.1 ~. .E fu4n...,.