The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-05-19

gam Is Immediately drawn on and retorted, and IN
twelve hours from the she quartz 10 nrst put IN
the furnacs the result bullion Is obtained, varying
from 90 10 50 per cent OF the assay value Of the ore
and that effected ~ q very small cost With FREQ orc
the furnace Is omitted the pulverzer Is sufficient
without IT, There was great enthusiasm among the
visitors tho machinery started. Tho octagon pull
verizer moved or perfectly though u had been
used for yearA There but sentiment hoard
namely, that revolution In mining had been manga
rated aud the busy umcs OF california would return"
GENERAL MINING MrELLIoxScK
Il il understood that Germany, a. well a. other
European countries intends sending corps Of mining
engineers and experts TO this country during the
present year. and that their field OF operations 10 70
embrace nearly all mineral states and Territories,
and especially those which produce gold and silver
Owners OF mining properties arc fecitaiing them
selves upon the prospect which this fact presents OF
obtaining European capital In Central City, Col,
IL 10 proposed organize club for tho proper enter
tainment OF these distinguished foreigners
The Centennial collection OF specimens from Colorado
comprises thirteen car loads, and moro ars yet to
An enthusiastic writer In Of the local papers
says there time the history OF that Ter
ritory whom much successful mining being done;
that almost every day hear OF new mines, new
strikes and better processes extracting tho
precious metals, and thai just beginning to APP
prccate the and value OF mineral resources
Twenty-Five additional stamps have been started ~
Black Hawk custom
The receipts OF Stamp Mil gold tho three banks In
Central City increase tho rate Of decn per cent per
month
A Mr. Paul, an experimental miner, has invented and
10 working process which he asserts will produce
from 10 70 100 per metal than any known
system OF amagamation operated At the same expense
party by the of Harrison, located At Santa
kosa has quite another method, BY which he claims to
DO able to make from containing the base metals
bullion o5o Gne The entire OF the machinery
calls. IL placed ut $500
There seems 70 DO no doubt In :he minds OF comps-
judges that gold paying quantities exists the
Black Hilla or course there will DO much suffering
and disappointment among the earlier seekers OF
whom 80 wholly unprepared for the hard life OF new
country.
MEMORANDA
special Washington despatch says that Mr. Ran
dali will make argument before tho Banking and
Currency Committee Monday, in favor OF bis bill
providing for the coinage or $4,000 900 additional sill
ver Senator Sherman will introduce like measure
in the Senate. Mr. Randall says the bill will pass the
House.
The Michigan Central earnings arc AZ follows: 500
VIM "ecA may Acso SASAsSos wi ouSS"e VIVA "Sys
1875 $l29,377 IL Increase, 2,2oO 81. Making In
crease in FIRST two weeks In May, $4,000
is rumored to day that the interest the bonds Of
the leased roads Of the Michigan Central, which
guaranteed by the latter and due IN July, will DO
passed, owing to tho railroad war This will probably
for the price ranging much lower than that
Of the Lake Shore road.
An informal meeting Of four Of the Pacific Nail d.
rcctors was held to-day, but without result Scores
Of statements made explanatory Of the rapid fuc
tuaons Of the stock to-day but they contradcted
and at the close OF the market the gossps were moro
mystined than ever.