Lyon County times. [volume] (Silver City, Nev.) 1874-1907, 1876-02-03
BONANZA CROPPINGS.
Weekly Summary Of the DEVILS
Gate District Mines.


encouraging prospects of the per-
manency of our mines. Some of
the interior papers of California
condemn the stock feature of mining
as they do not understand the i'm
portant place it occupies in the de-
velopment of our mines, and what
ever promotes the prospecting and
opening of mineral lands is direct
benefit to the country; for mining
industry is the foundation of all
civilization, and the chief basis on
which all industries must rest, as
we'll as being at the same time the
principal element OF progress.
Without it the working class would
gain but little beyond their mere
necessities. Wherever nations have
learned to mine and work metals
they have become powerful and
rich, subduing their neighbors
either by force of arms or by greater
industrial activity, and in either
case acquiring their wealth"
The position this State occupies
in wealth, population and in fact
every branch is owing to the pros
ecution OF this one industry. The
United States alone, at present, re-
turns larger amount of gold and
silver than the united contributions
of the rest of the world and al
though California returns largely
in gold, Nevada contributes the de-
cisive faction in the expanding
quota of precious metals contrib
uted. Prior to the discovery and
development of our silver mines,
bulk of the worlds silver had been
derived from Spanish America. In
1874 the joint product of Mexico,
Peru, Bolivia and Chill was about
sixteen millions, while the returns
from Nevada and Utah had at
tanned forty-one millions, of which
-sevenths belonged to the former
State. Humboldt computed the
amount extracted from the famous
lode of Potosi in three centuries at
twelve hundred millions. Ii We
assume an average degree of rich
ness in the yield of ore the Com
stock will alone exceed that within
fifty years, for the bonanza discov-
cred toward the close of 1874 with
in the Comstock vein, in quarter
hitherto barren, has no analogous in
the annals of mining. A stipend
Gus mass of silver chlorides and
sulphurets-the particular ores OBJ
served to be richest in the metal
traverses the ground covered by the
Consolidated Virginia. California,
and Ophir claims, presenting n
length of 1,200 feet, breadth at
certain points of 600, and u depth
which by persistent explorations
pushed through more than a year
have failed to fathom. Above the
lowest level reached in the Virginia
works the mineral has been honey
combed and tested in all directions,
and it is calculated that the amount
of metal to be drawn from that sec
ton alone cannot fall short of S40,-
100000. The adjoining claim-the
California-is a virgin mine, but it
has been carefully prospected and
placed in thorough condition for
delivery. Experts compute that
the quantity of ore in sight within
the limits Of the California should
yield 100,000,000. In the year
1874 the production of precious
metals in the United States exactly
balanced that of the remainder of
the globe. 1t is calculated that in
this our centennial year, Nevada
will produce near unto $50. 900, 900
from the mines within her boun-
daries; it is even asserted That two
mines-the Consolidated Virginia
and California-will alone next May
susprise the world with $4,000, 900,
their yield for one month. How has
all this been accomplished !? Not by
individual capital, or rather the
money of few, but by the industry,
the perseverance, the faith of
many interested stockholders. This
is a sufficient answer at present to
the questions, will mining payT
sis a stock investment gambling p
Mining does pay; it pays above all
other investments and industries.
Dealing in stocks is proper, as it
serves to develop the wealth that
yearly, daily adds to our natural
prosperity. OF our mines we have
not much in the way of important
changes to chronicle.
Our information is derived from
the most reliable sources and chal-
lenge a successful contradiction of
this fact. and not withdrawing special