Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1875-02-06
4 RrsINEs- PROPOSITION.

1rsINEs- rR0rO-rrION.
While everybody is suffering more or
less by the present u~nexarnpled crash II
stocks, those well posted in the value oil
the great bonanza mines ara clinging to
their stock with the grasp Of dsspsra-
ton. They we'll know that IL Is only
question Of time, energy and mechanical
skill, when the vast treasures known to
exist in the Consolidated Virginia and
California mines will be brought to the
surface. reduced TO a marketable COM
modify. and be rendered to them in div
idsnds. II Is merely q business propo-
aition. The two mines referred to are
undsr the supsrintsndeneo and control
Of two gentlemen who have no suPeriors
rs practical miners upon the Pacific
coast or in the world. From the first
development made in the Consolidated
Virginia to the present time. everything
has been conducted in the most method
ical manner. II il safe 10 say that there
never was a mineopened more thorough
ly and business-like. and at the same
time moro chsaply than the Consolidated
Virginia. The same system has been
adopted in developing its neighbor, the
California, and every stroke Of tho pick.
every blast Ia made TO count.
We said that the working Of these
mines Is q question Of time. energy and
mechanics. II il NO. A new shaft Ii
being sunk away to the eastward OF the
present one. II Ia merely a question OF
time when this shaft shall cut tho rich
ore body known to lilo beneath it. More
milling facilities will then DO needed.
They are now; for through the present
shait Of the Consolidated Virginia can
DO hoistsd more ore than the mills Il
owns and controls can crush. Tho man,
sssmens. foreseeing the vast nsods Of
both these mines in this direction have
already begun preparations for their
erection. A curious, because unusual.
fact may be told in this connection. Ow-
ing to the peculiar character OF tho great
bonanza ore. tho relative proportion OF
stamps to pans and settlers heretofore
considered necessary in working Com
stock ores. has been found dispropor-
tionats. In other words. IL takes more
pans and settlers and less stamps to
work q given number Of tons Of Consol-
idaied Virginia rock than the sans num-
Der Of tons OF Bslcher or Crown Point
ore. We are informed that forty stamps
will crush all tho ore that can DO worked
by the other machinery heretofore con-
.idcred necessary for a sixty stamp mill.
This, Of course. will make changes nee
sssary. ID was at first contemplated to
build two additional mills Of the same
capacity as that now running near the
Consolidated Virginia mine /; but owing
TO tho fact we have stated. II Is o a
question whether IL will not DO better to
erect three OF forty stamps each. We
have mentioned these facts merely to
show that the question Of mechanical
appliances 10 work 10 advantage this
new and immensely rich ore discovery.
In receiving such consideration as its i'm
portance demands.
We said that stockholders were cling
ing tsnaciously 10 this BONANZA stock as
q business proposition. Let IA see.
The new stock Of the California Is now
on the market-that Of the Consolidated
Virginia will he issued next Monday.
There win then be 5i0.0 600 shares in the
latter mine. During the past month
this mine has yielded considerably over
q million Of dollars. Next month 1t
will be able to pay q dividend Of ~ Per
share ON its new shares. This with pres
emit milling facilities and with rock from
levels above tho 1900. Six months
hence one or two mills with the same
capacity as the large one now employed,
can bs ready TO work. We are inform
ed that the present shaft can. with the
aid Of the Gould < Curry. hoist at least
double tho quantity OF orc now raised.
or enough to supply two more mills
with from $50 TO COO tons per day. In
seven or eight months then We may cal
culats upon a - or 81 dividend upon
the new stock. But this is not all. As
depth Ia attained. the ore grows richer,
20 that when the 1900 Lowell is opened
for extracting ore these dividends can be
still moro increased. Neither Is this
all. The new shaft will be down after
n while. when the hoisting capacity will
DO doubled and double the number VI
mills bs required. As to the amount OF
ore, John Mackcy says there Is enough
IN sgA 70 hoist 500 tons per day for five
years from the Consolidated Virginia
alone. Ia II not then . business propo-
sitionf