Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1876-12-10
THE RICHMOND COMPANY.


AS <ohoO Az y
Journal, of November 18th, the sub.
joined with reference to the Richmond
Mining Company:
Richmond Consolidated, 8 to 9k, ex.
div; the usual weekly telegram gives
the weeks run'as SIS, 200. II appears
that the managers report has again
been delayed in transmission for about
the sixth time in The last six months.
The Directors have issued their state.
mcnt of accounts Tor the year ending
August 81, with a report. An addi-
tional document is sent 10 the share
holders on this occasion in the shape of
condensed abstracts of all previous ac-
counts, showing at a glance the receipts
on capital account, and how the money
has been expended, the profits made
from year to year, and how distributed
or appropriated. 1t Is shown in this
abstract that the mine has made a net
profit Of 272, 297L., of which 1870, 1851. SIS.
has been paid in dividends, 7S,l70L. l3s.
Sd. used on capital account, and the
balance carried forward. The mine is
thus proved to have earned 1921. los.
I'd, more than its whole capital up to
Aug. 81; and as the profits for Septem-
Der and October are estimated at TO-
COOL, the net earnings at present
amount to 22,297l. los. I'd. over the zap
ital OF 100000. As the accounts prove
that the advances made by the bullion
agent are much more than covered by
bullion in his hands, the company is
virtually clear Of debt; and the last
paragraph in the ''report," Thus sums
up the present position of the COM
pany: I'm conclusion, the Directors
r,,r vn 1, 1afo fhA ~ ornhc11nr ~, thu
fact that the accounts nov submitted
show, that whilst the debentures are
fully represented by bullion and other
revenue assets, there are undivided
profits on hand amounting to about
$1,000. over and above the largely in
creased value of the mining proper
ties. the machinery, steam : engines,
plant, refinery, furnaces, and other
buildings, together with the valuable
eserves Of ore already developed, and
which are increasing daily beyond the
present smelling power OF the COM
pany." The result OF the whole year
is disappointing as to immediate re-
suits, referable no doubt to the great
difficulties and disappointments con-
nccted with the having for the first six
months to deal with the immense mass
OF ferruginous ore that unex pectedly
presented itself, and had to be used be-
fore the more richly loaded ores at its
back could be obtained. The profits
made since this difficulty has been
overcome, and The vast mass Of good
smelling ores now laid open, point to a
return of former rates of profit, to
which the recent rise in silver will ma
terially contribute.
An OLD EUREKA PRosPEcToR IN
LUcK.-The Virginia Enterprise of
Friday has the following item in re-
lation to the operations of a veteran
prospector we'll known in this vicinity:
"Charley Willard, the veteran and
successful prospector SO far as the merit
of mines are concerned, has recently
rejuvinated the old Palmyra Mining
District, in Lyon county, in this State.
by relocating six parallel leads OF
quartz, in company with Geo. l..
Schwah. of this city and the Hon. DR..
J.. G. Hazlett, of Dayton. All pro-
duce the finest character Of quarts,
which will undoubtedly pay for its re-
duction. The n most worthy of no.
tice is the Aurora, specimens OF which
have been assayed by Conrad Wei
gand, of this city, showing $4S5 So
gold, and 81 90 in silver. These mines
are situated about ten miles in an
easterly direction from Dayton. Re
ports given by reliable miners from
this section, who have visited these
lodes, say that there are millions OF
tons in sight"
"GATHER AROUND THE CHRISTMAS
TREE 1.-THE members of the st.
James and Union Sunday Schools are
preparing their annual Christmas cell
ebration, which in past years have
formed prominent features OF the holi-
day festivities in this place. Both or
CARNATIONS will have a Christmas tree,
and the churches will be appropriately
decorated with green's, inonograms
and notices emblematic OF the festival.
A Juvenile committee has during the
past week been engaged in waiting on
the citizens for subscriptions to pur-
chase presents to put on the trees, and
met with good success, no one refus-
ing to contribute a mite toward an OBJ
ject which brings SO much happiness
t. the hearts OF the little ones.
GILA.-Nov. I'd: AT Il feet In
cross.cut west from MCGEE shaft the
drift passed out Of porphyry dixie into
a vein of quartz about six feet thick,
dipping to the west at an angle of 80
degrees and carrying good ore. SAM
pies taken from the face yesterday,
gave $226 Is to the ton. Since striking
this vein, the drift has been advanced
five feet with marked improvement in
the quality of ore. Can speak more
correctly Of its permanent value after
we have had more time for exploring.
We are still getting good ore from
middle works. Will start the mill on
Dec. LIST.
THE RACE MISUNDERSTANDING
to our San Francisco dispatches the
four-mile and repeat ace at Bay View
District Park, yesterday, did not at
tract as large a crowd as was expected,
only about 5000 persons being pres
ent. The first heat was won by Mollie
Mccarthy, beating Matte A. half a
length; Ballinette, Lodi and Skaggs
d;sroroaA Tho coopnA hoat oph roco