The Canton mail. [volume] (Canton, Miss.) 18??-1882, 1876-02-12


sum of e2S, 800, and he had to give her a
sum of 100000 as dowry to his two
daughters He had many lawsuits, one
of them in this country, and which re-
suited in his having to pay Elo0,00O,
after having spent $50, 900 on the law
yers whom he retained to resist the claim.
CONSOLIDATED TIRGINL1.
Screen hundred Millions OF Dollars in sight.
ard More to Come.
Washington Cor. New York Graphic.
Senator Aaron a. Sargent, one of the
brightest and most prudent of the repub-
lican senator's gave me a statement yes
terday about the immediate future Of the
Pacific coast of the United States which
encourages that growing confidence de-
spite the ominous complications of the
times The new men of that coast
Flood, O'Brien and Markay-haSe just
completed their mill, which was burned
last October, and it has cost them 81 ,000,-
600. When the fire happened the two
bonanza mines known as California and
Consolidated Virginia were producing at
the rate of S3O, 900, 900 of bullion year.
The Consolidated Virginia mifie alone
had just yielded 81 100000 in the month
preceding the fire. Notwithstanding
the fire these mining stocks, unmanipu
lated in the mining board, have steadily
paid their dividends of ten per cent. per
month, or 100 per cent. a year, out ofac-
eumnlatiohs and partial production.
The intelligence and persistence with
which these practical miners set to work
is the cause of their ascendancy. They
have been laborcrs and close students of
the ground. The Comstock lode, which
is the greatest rib of the golden rock
ever seen on our sphere, originally APP
pearcd on the surface, and being pur-
sued about Goo feet disappeared. Be
leng that the barren interval was a mere
fissure having the unfortunate injection
of natures rubbish, Flood, OBrien 4
Co. determined to spend what money
they had acquired in seeking further on
the continuation of the lode. They
therefore bought up two or three mines,
including the Nevada mine, formerly
profitable, for So or 50 share, and called
the whole the Consolidated Virginia.
After awhile they struck the bonanza,
and then their stock went to fifty, at
which they assessed the stockholders for
more money to continue the search, and
aloI in
its length, heigth and thickness, and
Judging from the average percentage OF
bullion obtained from the portion al
ready milled, Mr.. Sargent says that there
are 800, coo, 600 in sight, which cost less
and less every day to bring it out. The
strength of the neighboring mining stocks
is partly ascribable to their proximity to
these massive mines. For example,
there is the Ophir, which has paid no
dividend for five years, but its illustri-
Gus neighbors give it the glitter of pros
poets approximating their own. The
Consolidated Virginia mine is approached
by shaft 900 feet deep, which is 200
feet deeper than the California mine.
Here is triple shaft feet by Is i'll
size, or about as large as an ordinary
hallway of house in breadth. Each
particular shaft is 6 feet square. The
Virginia mine, when you get to it, is 40
feet long, or bigger than the new post
Office at New York The California
mine, its neighbor, is 600 feet long. Now
you begin to realize two cavities as big as
the city hall of New York, at the depth
of Il quarter of mile under the surface,
and the quartz rock impregnated with
gold going up the shaft to the surface of
the ground, where there is an immense
mill pulverizing the loads of golden
gravel and then stirring them around
with mercurial amalgams, by which the
particles of gold arc seized and saved for
the mint No wonder that the COnsoli-
dated Virginia stock. which is at par at
100, now sells at 40. That mine has
produced &26, OOO,O 900 of gold, of which
S15, 0OO, 900 is profit.