Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1875-04-13
soMErnIxa or OUR PROSPECTS.

haps proper that something should be
said Of the general prospects Of Eu-
reka district. Although second In inn
portance in the State, IL not on the
Pacific coast, II seems difficult to make
the great outside world fully appreci-
ate our immense mineral resources.
Many things have conspired to this
en- d. Prominent among the unfor-
tunate circumstances t.at have oper-
ated against us from the earliest his
tory of the district Is the fact that our
leading mines found purchasers in
different markets. The Richmond and
the Eureka Consolidated, two mines
that will rank with the best and most
productive in any part Of the civilized
world, have always been, and are yet,
the main stay Of this particular Sec
ton. The former is owned in London
and the latter in San Francisco. The
Richmond Company makes its re-
turns direct to the London office, and
1t Is there that the profits are estimated
and the dividends disbursed. Pre-
cisely the same thing obtains with
reference to the Eureka Consolidated,
differing only in this, that San Fran
cisco Is the headquarters of the last
mentioned company. By reason of
these great mines being owned and
controlled in different monetary GEN.
ters, Eureka district loses just one-half
Of the confidence that should be in
spired in the wealth and permanency
or our mines by our extraordinary
yield of bullion. It is true that the
community derives the same benefit
from the actual working Of these
mines as though both were owned in
M place; yet it is equally true that
the yield OF bullion aud disbursement
Of dividends at points so far removed
from each other does not tell so favor
ably for the district as might other
wise be the ase 1t Is coming to be
the rule In these latter days that bull
lionashipments and dividends are re-
qnised to attract the attention OF cap
itaitsts to q mining locality. Aided by
tho press, these arethe sure means OF
successfully advertising every mining
district. AS shown above, u bullion
product is divided. London gets about
half of 1t and San Francisco the rest.
In neither place do wi mines get
credit for moro than one-half of what
they are capable Of doing. 1t would
To far better for the immediate future
OF the district If both Of the celebrated
properties OF which we have been
writing were controlled in the same
market. There is no earthly reason
why the shares Of each should not
find ready sale at figures approximate
ing one hundred dollars. Two
such dividend paying mines, on
tho San Francisco Board in particu-
lar. would insure the organization
or fhy prospecting companies to oper-
alto in this district. Hosting works
and other substantial improvements,
diffusing life and prosperity in every
branch Of business, would spring up
throughout the district; and this is
precisely what Is needed. The district
IL not one-half prospected yet. Poor
men have been struggling along for
years here, as elsewhere; yet it is a fact
we'll established that nothing short OF
powerful combinations Of capital can
accomplish much in the matter of the
successful development of Mines.
These will come sooner or later to take
hold Of our undeveloped wealth, and
from oil OF the indications, we are con-
strained to believe that the present sea-
son will witness greater activity in
mining affairs than has ever character
lied this district at any previous Pc
Rod. Last year we produced a daily
average OF about seventy o n Of buti-
ion. This season, with our en-
larged facilities, the yield will probab-
~ be largely in excess Of n hundred
tons daily. Tho mines of Ruby Hill
have during the past Winter developed
an almost inexhaustibie bonanza on
the lower levels. We have 1t On unques-
toned authority that there Is in sight
At this writing, in those mines, a sufi-
Gent quantity of ore to keep all OF our
smelling works In constant operation
for the next three years. 1t has also
been satisfactorily demonstrated that as
depth Il attained our lodges or deposits
become better defined and the ore
richer. From the five hundred and
the seven-hundred foot levels Of the
Ruby Hill mines come reports of ex-
traordinary wealth, and experienced
miners ven 60 so far as to assert that
our bonanza will rival In extent and
pro~ductiveness the renowned discov-
cry in the Virginia Consolidated and
gnelShboeing mines which has attracted
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