National Republican. (Washington City (D.C.)) 1872-1888, 1875-01-20
1.-THE GREAT BONANZA"


consolidated Virginia. the California"
and the "Ophir" its worth is esti
mated by the noted mining expert. Mr..
Philip Dcdcshcmcr, at 81 |, 500, 600, 900. The
remarkable rise in the stocks Of these mines
is owing TO actual developments. The
yield of the Consolidated Virginia is now
400 tons per diem the California is yield
ing nearly the same amount, and the
Ophm has a daily yield OF two
hundred and fifty tons The ore is
principally from the levels ranging between
the numbers I 800 and I, $50 feet, and IT'S
average assay is $3.50 10 the ton. It is Csti
mated by those best qualified TO Judge that
there Is In the California and Consolidated
Virginia mines 1880, 0OC. 600 worth of
orc The vast chamber In tho perpetual
hills containing all this silver, Is about ono
thousand feet long. six hundred feet high
and from four hundred 20 five hundred feet
wide, and for that matter II may be much
more widely developed. A few weeks ago
the shares In these mines were quoted at
from S35 TO 500 each. About the time
these figures prevailed Mr.. DcIdcshcimer
returned to San Francisco from an inspec.
ton Of these mines, and under his advice
many poor persons who had worked for
him invested In the stock, and so did many
Of his personal and intimate friends. A
porter in the Occidental hotel, for instance,
bought sixty shares In the Consolidated
Virginia, for which he only paid $50. The
San Francisco Post, OF the nth instant
says that on the 10th Consolidated Virginia
closed strong at 800 per share, and Cali.
fOrnia was firm at 1925. That same day.
under a tremendous pressure from the
bear influence, Ophir, opening at $2sj,
went down TO $3.50, but this decline Is
rcgardcdas only temporary. To day Mr..
DcidcshCimCr regards Consolidated Nir.
gnia and California stock as worth s., 900
per share. To illustrate the value Of these
two mines, estimated at 81, 500, 900, 900,
place II beside the volume OF the total ma
tional debt, which, according TO the last
statement, was So, 143, COS, 3O2 O2, and We
see that the wealth of two OF the gold hills
of Nevada are almost equal to the cmer-
gcncy of paying it Off; but when to the re-
sources Of the Consolidated Virginia and
California mines the mighty resources Of
the Ophir, the BclChcr, the Julia, the
Andes the Crown Point, the Ovcrman, the
Mexican, the Silver Hill, the Caledonia
and the Savage are added, and all within
the same State, something of the Cyclopean
power Of the United States to bear lis bur
den is readily comprchendcd.
Ii1It hnt h. i r
such vast quantities Of silver will deprc-
ciate its value. If in certain periods Of
history the value of silver was deprecated,
as for instance when the Romans had cX
tended their conQuests into Spain Thracc
and the Asatic provinces, and when Cortcs
added 10 the silver volume the mines of
Mexico and Of PotOsi, in Peru, even then
the reduction was only temporary These,
however, arc the times OF the nineteenth
century, with all its great thought, and all
the splcndor of its invention: the days of
steamships and railroads: of canals and the
universal anthem Of the telegraph: all of
which aid in spreading and Cqualizing the
value Of gold and silver throughout the
world. But, aside from its use as coin, art
and civilization have created a tremendous
demand for silver. 1t enters into the com
position of thousands Of useful articles. and
will enter into thousands more at the same
price, if it becomes moro plentiful. That
silver can never be superseded in its use as
coin is an idea that will not bear reflection.
The solid fame of the :Great Bonanza"
is rapidly spreading. Eastern capital is
flowing like water into the San Francisco
market for investment in the silver mines
OF Nevada One million pounds sterling
of German capital reached San Francisco
few days ago for the same purpose and
though some, on account of their pur-
chascs, will sing Gloria in Erce!sis, and
others de PrCfundis. the tremendous
transactions will still 90 on
The two mines whose granite walls pro-
tcct the Great Bonanza are principally
owned by four men, Messrs Flood,
OBricR, Mackey and Fair OF Mr.. Flood
the following pen portrait by a reporter of
the San Francisco Chronicle of the 18th
instant will be interesting:
"Mr. Flood is an average millionaire in ap-
the number of his millions. His private Office
is small, plain and unpreteDtious His carpet
is little better than drugget. The only orna-
ment is steel engraving Of Shakespeare and
his contemporaries, above the mantel. Moth
ing could he quieter than his manner or more
unassuming than his ordinary costume He
would do for study to those small-salaried
individuals who expend all their income and a
little more in diamonds, and then display the
bright stones gaudiy all over their persons
Mr.. Flood wore an ordinary diagonal suit, not
new, but neat. His shirt front was ornamented
with pearl buttons, and his wristbands were
fastened with sleeve buttons Of bone or ivory,
carved and mounted with silver. His gold
vest-chain was Of the smallest pattern, and
his spcctaclcs were common pebbles, steel
trimmed. As for his general appearance, aside
from his attire and ornaments, he might be
described as a portly gentleman, Of dignifed
carriage, pleasant voiced, with round full regu-
lar features, and if not handsome, certainly
very good-looking. The chance visitor might
suspect Mr.. Flood Of being a well-to-do MGR
chant or a country gentleman of many acres,
but would scarcely think him to have any
where from Sl5,0O0,OOO to So, GOO, 900 IN esss
and an amount IA posse beyond the imagina-
ton of the most enthusiastic dreamer"
These gentlemen, we learn from other
sources, specially the Alta California OF
the 9th inst, have been and are hard
workers, and that more transformations
quiet and genial men are not found on the
Pacific coast. Ii is also stated that they are
vastly liberal now to all those who have
been steady and consistent friends of theirs
in days agone, and while they were only
dreaming Of not realizing, the existence
and possession Of unlimited wealth. In
fact, when it is remembered that the total
product of the silver mines in Potosi, in
Peru, from the date of their discovery in