Lyon County times. [volume] (Silver City, Nev.) 1874-1907, 1876-01-20
BONANZA GROUPINGS.
Mines in the DEVILS Gate Dis.
trict.

ing that the wealth Will alone come
from the mines, we intend hence
forth, to devote a portion Of our
space every Thursday to a general
summary of the progress and de-
velopment of mines located in the
above mentioned district. Still we
shall not neglect other important
districts with new locations, bright
prospects, or important revealing
of mineral wealth. While upon
this subject, it may be we'll enough
to briefly state our opinion upon
the vexed question,
WILL MINING PAYp
Judging from the past, seeing the
richness of the present, and the
bright promise of wealth held in
the future, we answer, yes.
Facts are stubborn things to deal
with when we try to misapply them,
but in this case few may be called
to our aid in proving the soundness
of our opinion From Dun & Co.'S
commercial report we extract the
following "The extent of business
failures in the United States for the
past three years and nine months
were $685., 1866, 900, divided among
5000 manufacturers shippers, mer-
chants, bankers, etc."
1t is safe to assert that during
this time, allowing for losses sus-
tanned by imprudent investments in
worthless mines and machinery or
mismanagement the amount in
vested in mines has not exceeded
S25 900, 900. Now see the differ
ence. From reliable data from
the United States Government, we
find that the product of American
mines has for the years past varied
from $50, 900, 900 to $40, OOO, 900 an
nually, aud for the present year it
will probably be about 800, 900. 900.
Let us take the same period in
which the failures are given, and
for the three years say our produc-
ton was S65. 100000 per annum.
and for nine months in the same
ratio, and we have the enormous
total of $3.50, 900, 600 Of created
wealth.
We have not taken into considera-
ton the enormous value Of the mines
now being constantly developed;
we may say they are worth thou
sands of millions, but it is only con-
lecture. Some OF cur mining men
residing In San Francisco, have at
present
ANNUAL INCOMES
averaging from 81, 200, 900 to 81 0, 000,-
900. We all know what this portion
of Nevada is doing, aud in other
parts, the prospects are brighter than
they ever appeared before, particu-
larry so in Eureka, White Pine,
Cornucopia, Austin, etc. Almost
daily we hear of new discoveries in
new sections, which confirms the
convictions that but little is really
known of our wonderful mineral
deposits. Not only are the more
precious metals found i'm untold
millions, but the less valuable met
ais also exist in quantities which,
but for the overwhelming deposits
of gold and silver, would be suffi
cient to attract prospectors and CAPT
talists. First comes the intelligence
Of vast bodies of coal struck in one
section, then cinnabar formation OF
unbroken extent and untold wealth
are encountered, borax, the real
uses of which are but just beginning
to be known to the world, exist all
over the State. Also large and rich de-
posits of copper We are but standing
upon the threshold Of future so
great in prosperity; so dazzling in
wealth that the mind is dazed in at
tempting to comprehend it. It is
our firm belief that the mines OF this
district will contribute their ratio of
silver. bricks in the monument of
wealth which Nevada is rearing be
fore the wondering eyes OF the
world.
WEBER.
This in a new location and one Of the
most favorable in this district. Be-
ing the southern extension Of the
Kossuth, it is certain to strike their
recent rich developments made in
that quarter. This they expect to
encounter at about 800 feet. At
present their shaft of two compart-
ments 9x4H is down 35 feet In fine
working rock, though all OF blast
ing character. 1t is timbered up to
the depth thus attained. They have
Just completed substantial house
over their works 16x24, and will
erect within in few days that will
carry tLem to depth of 800 feet,
when heavy machinery will take its
place for further development.
They have at present four men on a
shift and are pushing things ahead