Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1875-09-09
LOCAL MINING SUMMARY.
ssrsAs wssh E.ai.s September .. isza
Oficial Mining News

Latest Oflc1al Mining news
The stsek ard Hisi.g s~issatisa-
Prospects sf Banking ara Dasi.
ness Observation-Disclosures ns'
tsrnisg - Htnssetal Masssrs-
what sAs ninss are Shelving rs'
nay.
With the near approach Of resumption
81 basinsss by the Bank Of California.
the various branches Of business. a. well
- all other interests which Il controlled.
or which we're % intimately connected
with 10 OF dependent upon IL. are
to all Appearances rsviving from
the Slough Of Dsspond and tho total
state Of Generalization into which they
were thrown BY the Banks sudden and
unexpected suspension. Confidence IL
being fast rs-sstablishsd upon its old
basis. and the wheels Of the great IMAM
eial system arc being creased and made
ready 10 rsvolvs - In the good. regular
old times. 90 suddenly and disagrssably
interrupted. The regular monthly divi-
dend Of $40 per share. just declared BY
the Consolidated Virginia Mining Com
pany. aids not . little in this improved
look Of affairs generally. and the future
is bright with better promise. The San
Iaancisco Ala. Of yesterday. says:
The Affairs Of the Bank Of California
progress satisfactory. The old stock
holders N rapidly placing their stock
Of the control Of the bank on the terms
toreshadowed. The larger and more in
tiuential subscribers TO the new stock.
who required time for consideration and
legal Judgment. are understood to come
in and close up the amounts with great
satisfaction, 30 that there In now every
chance Of . speedy re-opening Of the
doors for business, q fact which imparts
the livsliest satisfaction to all classes OF
business men. ~ we'll n 10 the entire
population. The return tide 10 now In
iuil flow. The Mint. fed by the mines,
the Treasury and the railroad. are &C.
lively swelling the return tide. and with
the restored Bank Of California and
the Bank OF Nevada. which may DO said
to bestrids the greatest BONANZA the
world ever saw. the present famine will
be changed into an OVERLOOKING abund.
ancs.
Quite q number Of assessments arc
being levied ut present, giving evidence
Of q determination to proceed with the
development Of the mines. regardless Of
any temporary difficulties in the nnan-
cial situation. Relative to the assess
ment levied BY the Crown Point Mining
Company. the San Francisco Pea Of
yesterday says:
Some Misrepresentation seems TO exist
on the subject Of the Grown Point as
s-ssmsnt. We are informed by the
management OF the company that the as
sessmsnt has not besn called for on &C
sount Of any change In the condition OF
the mine. or for the purpose Of further
ing any operation. The truth 10 that
1nder the previous management the %
itvidends were continued longer than
The returns from the mine warranted.
AID the account Of the Crown Point
With the Bank Of California Was over
lawn some $50. 600. This has been
reduced to $50.O O0. but the bank now
slls for money. and the indebtedness
a ust DO met. The ore which Town roln'
q a.,,a,s = ser hut ths
~nrns 49, .,GIcsJ 10 nav All tbs
!. ,rr.n, sxnense. Lsepino he mine In
~ -o,tinc o,isr op5 c~ontinninv tbe
s ~ TN. =..anan,;..I ns,rs. ~
-. -Tena.sm.n. i. shown from Mo fact
~, m ,%s,,i;no i. lone for an ner ton
ia ~ me n.nal n,;cs pnon ths
1900 Ths Crown Point has ,,ncs
n.I I,.,i.n5 nrt ,,ovn ~ m.-
= .a.,i.o ara oO0 ana ! MIN.
). y. ssJsv.J;d sona;,ion' MIL s,nIora.
;,ns Win n view TO another strike. arc
b,ing steadily conducted.
Below We give our regular weekly
summary Of the latest and most correct
mining information. derived from Of
scial and authentic sources. showing
.ho .;,u.,;on NJ zach mine TO-DAY. nm 10
,~.--L-.,....u...
no "hne so'"s P
sierra Nsvsaa-
4 station has been completed and q
lin .,.,..d v.st M N OOO.fost level
A..
o. q new An.. 70 .u AAu
ledge. This driit vih open .he m,ns
depth Of Soo lees lower do.n man mas
,yer before Oeen Anu nm
ITEM OF very important interest 10 the
mine owners on the north y Of the
comstock. az Mpsnsus'es .is,n gso
,.s.hs5 m th.. norton Of he
i,dve. The north and south drifts on
he 70O.foot levels Of the old shaft are
.ts,diIy Advancing. without change Of
interest 10 r,corl. Sinking the new
.hsit Il coinr rapidly forward.
s',
There are now aoout s'oVotons o ore