The Manitowoc tribune. [volume] (Manitowoc, Wis.) 1866-1878, 1875-09-09
THE PRECIOUS METALS.
Some Facts and Figures About the
Nevada Big Bonanza.
Richness Of the Consolidated Virginia
Mine--A City where the
Smallest Coin Is
Quarter"
Mines in the Magnolia and Other Dis
tricts Of Colorado.
NEVADA.
New York Tribune.

New York Tribune.
VIRGINIA City, New, July 31.-The
controlling interest of the Consolidated
Virginia Mine is owned by John ".
Mackay, James G. Flood, James G.
Fair, and w. s. O'Brien.
The stock of the Consolidated Virginia
consists of 10S, 900 shares, par value $100
each. It sells for 1910 to $3.50 share,
and pays more dividends each year than
the original par value of the shares OF
these 108. 900 shares, Mackay, Flood,
Fair, and O'Brien own $4,000. The
California mine has 3d. 900 shares, at
500 par value, now selling at from $50
TO SO. The firm owns 295,000 shares.
The Best & Belcher mine has 10S, 900
shares the Gould & Curry the same
number; the Savage has 10000 and
the Hale & Norcross, 10000 /; the Utah,
10000: and the Occidental, 40, 900.
The gentlemen named own the majority
dition, they have nine mills which must
be worth millions of dollars they own
one-half of the Virginia and Gold Hill
ater-Works, capital, $1,000, 900, be
sides fumes, factories, stocks, real es-
tate, etc.
There We're shipped from the Consoli-
dated Virginia mine about 1000 bars of
gold and silver, unseparated, or about
$1,000, 900, previous to the beginning of
the present calendar year. The follow
ing, which I copied from the books of
the Company, and verified by bills, re-
ceipts, rte, shows the amount of the
business since that time. During the
month Of january, 1875, there were
shipped 81, 100, 697; in February, ST.
200, 743 in March, 81, 707, 81 in April
81, 500, 657; in May, 81, 81, UT and in
June, 81, 503, SIG. From SIS, 100000 q
to $50, 900, 900 a year, to be taken OF a
single mine, is something worthy of
remark. In conversation with Mr..
Crawford, Superintendent of the Mint
at Carson City, who was at the mine at
the same time I was informed that
n short time ago he had contract
with the Consolidated Virginia to fur
nish the Mint, for coinage purposes,
bullion to the amount of 81, 100000. 'EIt
WAS delivered in just twenty-one days, y
said Mr.. Crawford, ''ia12d I have reason
to believe that it was nearly all produced
from the mines during that time
In the mine, $50 men are employed
night and day, with no Sunday play
spell. Engines, hoisting works, machine
shops, chutes, railroads, saw mills, and
buildings large enough for the world S
far, are on every hand, in value reaching
into the millions. The machinery in
one mill cost $3.50, 900, and one engine
in the Savage mine cost $120,0 In
the Consolidated Virginia mine alone
1,000,0 600 feet of lumber are used every
month for bulkheads, and 10000 cords
of wood are burned every year in the
several mill and mines belonging to
Mackay, Fair &c Co. They have between
5000 and 1000 men employed, at an
average price of ST per day. The pay
roll of one mine, which L saw myself
for the month Of June, amounted to
about $4,000. The firm pays $4,000
a quarter, or 5000, 600 a year, as tax on
the production of bullion for one mine.
The discount and express charges on
bullion to San Francisco cost the Com
pany about $50, 900 month. The assay
department. is able to melt, bar, assay,
and stamp 800, 900 day in gold and
silver bars in combination, gold
being about IS per cent. The weight of
the bars is from 8 to ITO pounds
The following statement, which I
copied from the books of Wells, Fargo
& Co., viii show the wealth of the Ne
vada mines, and those of other States
and Territories. It is based on actual
shipments, and may be received as trust
worthy, it being a nearer approach to an
official statement than any yet given.
Mr.. Valentine, the General Superinten-
tendent, regards it as absolutely accur-
OBJ