The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-05-31
PRINCELY INCOMES.
Enormous Wealth OF Owners Of the Great
silver Minea-UseIeas itesRina Letters.

Enormous Wealth OF Owners Of the Great
silver Mines-UseIess begging Letters.
VIRGINIA CITY, New, May 23.-The yield
OF the Consolidated Virginia mine In March last
was t3,63t2oe.29. These figures are Official. 10
rotthem from MIR. Taylor, prin ripal toOkkeeper.
Since this mine commenced paying dividends
Its stockholders have received t20.O00,0O0 In
round numbers. The California mine, the rich
est known mine In the world, paid its FIRST
monthly dividend on the 18th instant, e1.0a0.0O0,
or ~ per share for each OF its $4,000 shares.
These two mines pay monthly dividends Of a.
100000. Beginning in July, the California mins
10 expected to pay a monthly dividend OF % per
sh re, or tl,6eo000 monthly. The present price
per share OF these stoC ks IL respectively: CALI
fornia, $50 Consolidated Virginia. t73. Lake all
mining stocks they are subject to startling Huc-
tuattons. The knowing ones, however, do not
look for any material changes In the prices of
these two stocks this summer. Itu not Alto
eether matter OF speculation with regard TO
these mines. What ore they contain Is pretty
closely asoertaiDed. At present there II enough
nrst-olsss ore therein to keep the mines going
for at least three years.
Col. Fair, superintendent, ia now ereetins n
new s0-stamp mill, IN addition TO the numerous
mills already possessed by himself and partners.
When this "a finished you'll hear OF some I'M
paralleed results from the Bonanza mines. Fair
expects to turn out tb,000,0O0 n month. He can
do u. IL Is only question Of milling facilities.
There II no lack OF ore.
In view Of the stupendous wealth OF these
mines the question often occurs to me; What
will ne the eventual limit Of the wealth OF
the four aentlemen popul rly known a. the
"Bonlnzi Kingsf" People who have watched
their fortunes with critical eyes aver tnat they
Of sioCccoo It Is common Of rem TX sp here
that ackay nas an Income Of ts00.0O0, gold. a
month. eince the California NINE com cod
n "A aaf
$4,000 to his monthly incvme. IN nix may
say that nls monthly income Ia IN round num-
beers nillion OF dollars. l do not ask YOU to
accept my bare statement as u tact, but beg to
call your attention to tho following extract
from biOer. puical article on that gentleman
March 4, last:
4, has been calculated in regard to the total ncoms
tina! each minute Of the DAY ana ngh IS golden dollars
regai.rty. M. Mnessy, owns three eishih. o. ths
sSatea T To- 81 over per monh us income
James q. Fairs income is not less than
fGN,O0 month; Floods, t750O00; O'Brien's,
Of s, Soss are Su, %sS, Sis svs,s oss
Of them hard working, practical business nen.
with t1oo.O000oO ehead already, and a yearly
them down 10 January, 1879 as the richest
quartette 10 the world. Tue auesto Is fire.
1ortune2 People seem TO forget that the mere
money man has the more uses he finds for 1t.
VI all the people on this coast, Mackay himself
money.
notice in tho letters Of correspondence Q
widespread error In regard 70 all these men. IL
II Is generally believed ny Eastern people who
have read OF the wonderful fortunes Of the
bonanza kings" that they have been acquired
within the last year, and that none of them were
comfortably nxed before the Developments Of
the Consolidated Virginia mine. his Is all a
mistake. Flood and U Bren were worth f20O.000
ten years ago, aud they have kept adding to II
ever since. Fair was worth half a million seven
years ago, ana Mackay had been millionaire
long before tue Consolidated Virginia mine was
dreamed Of. i make these corrections for tho
benefit Of such innocents rs think the million
are euartette have nothing to do but throw go
gold pieces at every person who takes it into nis
her head to write begging letters to them. 1t
would not be believed that there were such
arrant fools In the world as some Of the letters
received here prove their writers to be. Money
Is asked for by people hundreds, a e thousands
Of miles away on every conceivable pretence.
For Instance, Washington woman wrote
Mckay recently that her daughter had been
slandered. ana she requested him to forward
1850 to hire counsel tn take the matter into the
counts. And TINS Is put one of hundreds OF APP
phcatioDs that come here every week for from
$40 TO $1,000. People who contemplate strik-
ing" the Bonanza Kings would do well to think
better of II.
Mr.. Mackay left for New York. Washington,
and Philadelphia yesterday morning with his
f.mily.