The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1876-05-02
LETTER FROM COLORADO.
Esperanza on the Boulder River-Magnol
District.

Edttor Rutland Gto0e: Above you see |
the name of our new location, amidst the
gold mines of Colorado. A description of |
our situation here and the surroundings |
may be of interest to our old friends and |
noighbors and your readers in general.
We are satisfied from the limited devel. |
opment made the last nine months that |
this is the richest deposit of gold in Amer |
lea. The mineral Is easily found, as the |
bed rock is uniform. The great probable
ity Is that the lodes, undeyeloped will be
very much like those that have been open
ed. The mineral runs from IS to 500
per ton in seams from one-balf iEch to
three inches. The gold 10 found in all the
selicia, found in the crevice matter, and
will pay for working. 1t bears but little
silver. There is now one of the best open
ings for concentration works at this place
in the territory.
We have just received TN act of incor-
poration called the Magnolia consolidated
gold mining and concentrated company,
located at our new city, Esperanza, with
capital stock of $500, 900, in which We in
tend to unite the interests of the beat mines
in the vicinity, and erect reduction works
suitable for the business, capable Of hand
ling from 10 to 60 tons OF ore per day. We
have already got more than 100000 worth
of mines and mining property pledged, and
expect the day IS not far distant when our
company will equal, If not rival the Com
stock or tho Consolidated Virginia of Ne
vada, for ours is gold and theirs 10 silver
and at the same stage Of development our
chances are fully equal to gold against Sill
yer, and the gold is quite as common here
The company is now fully organized
with Major John A. Salisbury, president,
John Landon, treasurer, with board of
experienced mine owners "a trustees. We
launch our ship upon the great ocean Of
| adventure, lite sails full of the spirit Of en-
| deavor and exertion. All hands on board
are full of hope, aud anxious expectation,
sustained by confidence in the result,
having the best mineral foundation in
J America, and that pertains to certainty.
We speak for it a chance for success I'M
paralleled among the great industrial agen-
| cies Of the world.
To give the readers of TIE GLoBE some
| idea OF the value of this district, present
a detailed statement OF some Of the many
mines discovered in the last nine mouths
The Malvins, four miles from here dis
covered in Jure last. In sinking The first
ten feet, 800 tons of ore was obtained
that sold for over IS 900, and is now yield
ing from the labor of seven men $500 per
day.
The Sinsoe, discovered in September,
has produced ore this week at depth OF
thrty-four feet, worth $1j4 per ton.
Tho Keystone, on Magnolia Ill., dig
covered in June, is producing ore worth
$40 per ton in considerable quantity, and
have seen very many pieces from the size
of large pumpkin to marketable potato,
worth from $500 to $500 per ton. 1t il
now down to 10 feet.
The Mountain Lion, adjoining on tht
same crevice. is probably just as valuable
if not more so. 1t has been sold at grea
bargain recently.
The DGnraven is one of the most velu-
able lodes Its assures are four feet wide
down G5 feet, ard shows ore worth S1t
per ton.
The Snow flake, the Eagle Bird, the Lit
tie Dorrit, the MAR Po.nton, the Little
Maud and 80 others on the hill at the SAINT
depth, promise most satisfactory results
At Eagle Brook camp, located in Deem
Der, they have number OF mines Of srea
promise. From what has recently beef
accomplished, think ii may be safely in
ferred that this is one Of the richest golt
fields in the world. We have Limited
amount of stock which we are now offer
ing 10 raise money to build our mills, whicl
: must be done at once, and we are confiden
we can make it pay the owner 5 per cent
which is quite within Reasonable expecta
ton.
We are determined there shall be no falls
representations, no sharp dealing, no tricks
: with us. Such practices have injured Col
orado. There is no necessity for this wit
the Magnolia and Sugar Loaf mines. 70
the simple facts are astounding enough
challenge the utmost creduiity OF all VIII
have had no personal inspection of tn
mines and their products.
Having papered my mountain house wit
: newspapers, to Keep out the zepbyrs this
v play here sometimes, found to my deligl
t that among ali the papers ! had use
:, to cover the walls-New York, Boz
4 ton, Baltimore, Philadelphia, San Francis
e CO. Chicago St. Louis, Cincinnati, Wasl
s ington, and several others-THE CENTEs
. NAL GLOBE is decidedly the handsome
y and most attractive paper by far in all ii
i collection. thank you for 1t. 1t dot
Il me good to look at it, as it 10 spread OIL
. before me, while am writing. i'll.
l..
General Notes.