The Albany register. [volume] (Albany, Or.) 1868-18??, 1876-07-28
The Enormous Wealth of the Great silver
Mine ErOpElel0eR.
The yield Of the Consolidated vir-

AA4Qe E1OEbkASAeeESes
The yield of the Consolidated Vir-
ginia niue, says the N. Y. San, in
March last, was So, ,6s4 ,29s 90. These
figures are official as got them from
Mr.. Taylor, principal book-keeper.
Since this mine commenced paying
| dividends it stockholders have received
$40, 100000 in ronnd numbers. The
California mine, the richest known mine
in the world, paid its first monthly
dividend on the 18th inst, 81 ,O60, 900,
or two dollars per share for each of its
540, 900 shares. These two mines pay
monthly dividends of 100000 dol
lars. Beginning in July, the California
mine is.expected to pay monthly divi-
deiid of three dollars per share, or ST.
100000 monthly. The present price
per share OF these stocks is respectively:
Ca itornia, $50; Consolidated Virginia,
S73. Like all mining stocks they are
subject to startling fluctuations. The
knowing ones, however, do not look
for any material changes in the prices OF
these two stocks this Summer. 1t is
not altogether matter of specu alton
III regard to these mines. What ore
they contain is pretty closely ascer-
tanned. At present there is enough first
class ore therein to keep the mines going
for at least three years.
Colonel Fair, Superintendent, is now
erecting new 80-stamp mill, in addition
to the numerous mills already pos
sessed by himself and partners When
this is finished you will hear of some
of the unparalleled results from the
Bonanza mines. Fair expects to turn
out IS, 100000, a month. He can do 1t.
1t is only question of milling facilities
There is no lack of ore.
In view OF tie stupendous wealth of
these mines, the question often occurs
to me /: what will be the eventual limit
of the wealth of the four gentlemen
popularity known as the "Bonanza
Kings ?" People who have watched |
their fortunes with critical eyes estimate
that they are now worth in money aud |
property upward OF 100000, 900 1t
is a common remark here that Mackav
his all income of 100000, gold, a
n mouth, Since the California mines
paying dividends it must
have added at least S150,000 to his
monthly income. | think | may say
that his monthly income is, in round
numbers, million of dollars.
| notice in the 'etters of correSpnI4-
dents widespread errer in regard to
all these men. 1t is generally believed
by Eastern people who have read of
The wounderful fortunes ot the .sBo-
I'anza Kings" that they haYe been ac-
CURED Within tie last year, and that
none ot them were comfortably fixed
before the developments of the Con-
Virginia mine. This is all
mistake. Flood AID O'iSrien were worth
100000 ten years ago, and they have
been adding to it ever since. Fair was
worth half a million seven years ago,
and Mackay had been millionaire long
before the Consolidated Virginia was
dreamed of | make these corrections
or the benefit of such incorrects as
link the millionaires have nothing to
10 but throw $50 gold pieces at every
1ersou who takes it into his or her head
o write begging letters to them. 1t
Tuld not be believed that there were
uch arrant fools il. the world as some
If the letters received prove their writers
o be. Money is asked for by people
hundreds and thousands of miles away
IN every conceivable pretence For
nstance, Washington woman wrote
dr. Macay that her daughter had been
landered, and she requested him to
Drward $500 to hire counsel to take
he matter into the courts. And this
5 but one OF the hundreds Of applicants
hat come here every week for from SO
o $4,000.