The Canton mail. [volume] (Canton, Miss.) 18??-1882, 1875-09-25
Here's Richness.

California Letter to Chicago Times
The stock of the Consolidated Virginia
consists of 100000 shares, par value
| 800 each. 1t sells for 1910 to $500 Il
share, and pays more dividends each year
than the original par value of the shares.
Of these Flood, Mackay, and OBrien
| own $4,000. The California mine has
$40, 900 shares at 500 per values now
selling mt from $50 to $40. The firm
owns 295, 900 of these shares, as well rs
majority of the Best & Belchel, Gould Il
Curry, Savage, Hale & Norcross, Eutaw
and Occidental.
There were shipped from the CONSOLE
dated Virginia about 1000 bars of gold
and silver unseparated, or about 81 ,0o0,-
900, previous to this year The follow
ing, which | copied from the books of the
company, verified by bills, receipts, etc,
shows the amount of business since the
beginning of this year: During January
there were shipped 81, 100,697 February,
81 200, 743; March, $l,707 81 April,
81 ,509,657 May, 81 ,52l III, and June,
81 BOB, Sl6. From S1S,000,0 900 TO $50
900, 900 year. to be taken out of asingle
mine, is something worthy of remark.
At the end of every month the min 5
and the mills ''clean ups, that is, the"
take their machinery to pieces, take up
the floors, etc, and collect all the gold
and silver that may be in crevices, scans,
or adhering to any portion of the mill'.
When they begin 10 work again ii takes
some time for the amalgamating-pa pans To-
fill up and begin to produce. q" As for
the richness of the Mines" continued
this old miner and mine operator, there
can be no doubt. DO you suppose thcS'
gentlemen (mcaning Mackay, Flood, and
others) would let everybody 20 duJI4
into the mine if there was q doubt about
it? Besides, look about YOU 1t must
be confessed that, to all appearance,
there was boundless prosperity. Bars OF
gold and silver, worth from $4,000 to
81, 900 each, were stacked up by hundreds
in the rooms and halls, wagons wcIc
being loaded with them, and they wc!c
thrown about as if they were 50 many
pigs of iron. In one room hall dozen
men working over rs many furnaces,
melting the silver and molding 1t into
bars-vcry hot work. In the mine, close
by 90 men were employed night and day,
with no Sunday play-sPel. Engines,
hoisting works, machine shops, chutes,
railroads. saw mills, and buildings large
enough for the world fair were ON every
hand. in value reaching into the millions.
The machinery in one mill cost IL quarter
of a million OF dollars, and one engine in
the Savage mine cost $4,000. In the
Consolidated Virginia mine alone, 1000
900 feet of lumber are used every month
for bulk-heads ands, 10000 cords ct
wood are burned in one year in the sew
cral millsand mines belonging to Mackay,
Fair & Co. They have between three
thousand and four thousand men en-
ployed at an average price of four dollars
per day. The payroll of one mine,
which saw myself, for the month OF
June, amounted 10 about S70oo0. The
firm pays $4,000 quarter, or two hun
lrcd thousand dollars a year, IL tax ON
the production of bullion for one mln".
The discount and express charges on hul-
lion to san Francisco cost the company
about $50. 900 II month. The assay de
partmcnt, spoken of above, is able t"
melt. bar. assay, and stamp 100000 Il
lay i'll gold and silver bars in combina-
Iion-the gold being about 10 per cent.
The weight of the liars Is from 80 to 10