Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1876-07-13
An IMPORTANT TRANSACTION.

AN IMPORTANT TRANSACTION.
sale or the MatRmsor.ss Mine 10
Chicago Capitnlisss.
The long talked of sale of the Mata-
moras mine YES yesterday consum-
mated by the payment of the money
and the delivery Of the necessary pa
pers. Four locations were in fact In.
cluded In the transfer, though the Mat
amoras Is the principal mine Of the
lot. The consideration was $50. 900.
The grantors wore b. Volk, Marin
Piautonia, M. d. Foley and w. II.
Stowell-the two last named gentle
men having been possessed of an in
terest. in one of the outside locations
for which they received $4,000 OF the
purchase money. The remaining $47,
600 goes to Messrs. Volk and Plan
tOnia.
The Purchasers
Are a party of capitalists from Chicago.
composed of John Aston, James Steel,
and William and Albert Sturges. al. of
| WHO'LL are DD~StS>cu WI dDtsIINtdIt
means. Mr.. Alston owns The White
lead mani fac.ory in Chicago, and be
sides is a heavy importer of go,rds in
his line. Mr.. Steel is one OF the larg-
est contractors in the West aud. per
consequence, Is familiar with heavy
transactions. 1t was he who cpn
strucied the celebrated six-mi.e tunnel
under Lake Michigan in two years.
The SturRes truthers are retired bank.
ers.
History u Ghe Tramsactleas.
About nine months since Colonel G..
Collier Robbins, one Of the early oper-
xtors In ti,is district aud q thoroughly
practical miner and expert, having
bonded the Matsmoras, sought q mar.
ket for it in the East. He was success.
ful in organizing a company in Ohio
to take hnld of The properly. but while
IN cute to cOpsuininate the deal he
had the great misfprtuns TO t,reak one
of his legs in Chicago. In consequence
| of this unfortunate accident the sale
was declared off, hut for which the
property would have changed hands
last fall. Nothing damned by his
bad luck, Col. Robbins, A. soon as lie
~ dfblty = w III WI VI
another company. which he effected in
the Lake Civ, and with the result al
ready detailed. The Colonel has dis
played remarkable patience and lei
Nv throughout the whole transaction
in bringing the capitalist and minerf face
to face for business, and is deserving
of praise accordingly.
The Property
Is situated OH the western slope of
Prospect mountain, and the Mata
inoras mine in particular Of the series
has long been noted as one of the
most valuable claims in this s~ec,ion.
The ore Is abundant and Of exceeding
high grade. Indeed it has been esti
mated by cofnpent Judges that there Is
more than enough choice ore in Eight
tn reimburse the ItIrch sers. 1t In
certainly u very excellent mine and
one OF the very best bargains that has
| come under Our Obser,a atom for years.
There are many goUd reasons for bt-
lieving trial IL II worth much nearer
$500, 100 than 5O.WO. The purchasers
will prosecute the wnrk Of develop
ulrnt vigorously and without delay.
They have also purchased the old But
terrup furnace, which is To tie taken
down and rebuilt wrh the new patent
fun. srrester Of Col. Thos. j. Ia, Tor
a tached. This branch OF the business
is 10 I've under the immediate supervi>-
ion of Col. Taylor. who is. perhaps,
without an equal rs a successful
snielter. A tratnway, leading down
the western d-cli,ity of Prospect
mountain from the mine, j. also among
the Improvements contemplated. The
new concern starts oil under the most
favorable auspices all around. and can-
not fail OF being u brilliant success.
The Grant0rs.
As above stated, Messrs. Volk and
Piantoaia were the chief owner of the
property. They have labored inces.
sanity during tho last five years OH the
old mountain, enduring the meanwhile
all anu of hsrd~hips and priva'ion~.
aud richly deserve the reward which
| they have achieved. Both OF the boys
cOngratu ate them on their hard-eArned
suu'e>s. They have other mining
interests on Prospect mountain,
which they consider quite Ms valua.
bile ~ the properly they have
just sold. They are undecided as 10
whether they will make'a little trip
East or remain to develop other clai,us
during the present season. II only
remains to he said that Eurt ka dis' rI.t
has made valuahls acquisition In the
identification Of these Chicago capital
i,ts with her mining Interests. Other
companies from that direction may In
g expected to follow suit, and town
and people must necessarily be greatly
benefited. Me~srs. Steel and Sturaes
leave to-day TOR Salt Lake ON business,
but will return in about ten days or
two Weeks.
AN Elk EUREKAN JUGaED. - The
Elko Independent of Tuesday has the
70 l wing concerning a former dweller
in Eureka: 1.-THE trial of Kru>e, in
dicted for burglary, occupied the at
tention of the Court yesterday. The
taking Of testimony consumed the