The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1876-03-30
LETTER FROM NEVADA.
The Consolidated Virginia Mine-Emma
Kine-Gambling- Winter Snow
Texas Pacific Railroad.
THE CONSOLIDATED VIRGINIA MINE.

THE CONSOLIDATED VIRGINIA NINE.
Fifty-two miles by rail from Reno, a
station on the Central Pacific railroad, or
about half the distance as the crow flies, is
Virginia City and the Comstock ledge, the
great bonanza region of the world. In fact,
the consolidated Virginia mine is what has
made the place and caused the building of
the Virginia and Truckee railroad, con-
Meeting us with the outside world by way
of Reno. Hundreds of mines have been
sunk all around the Comstock, but the
Consolidated Virginia has the main body
of the bonanza. Several of the others are
paying good divdends. The Consolidated
Virginia pays $40 per month per share, the
par value of the shares being 500, though
the stock sells at $400 and $500 share.
The stock of the Consolidated Virginia aoas
$10,S00,0 900, and the dividends ten per
cent per month on that. 1t has just been
increased watered-tve to one, so that it
is now S54, 900, 900.
Shipments OF Con. Virginia bullion to
last night, this month, are $1,4SS, 02l. 80
left in the office, $4,000; total production
in is days, 81, 1928, 021.S0. This is $780,
600 more than for the same days of Febru-
sry. Consolidated Virginia stock is quoted
at SO TO 81 since the watering The Chol-
lar and Yellow Jacket are the only ones
quoted above 100 now. Chollar 1873 to l26
and Yellow Jacket 113 to HI yesterday.
You can figure for yourself what the
profits must be TO pay dividends of $40 per
month. There are are great many mines,
however, whose stock sells at discount of
more than 80 per cent. When a new CON-
pany is organized the capital is generally
fixed at $10,0O0,o00, and yet probably a
few hundred dollars is the extent of cash
on hand. The stock is put upon the mar
ket and sold at perhaps 25 cents per share
of 800. AS many shares as possible are
Sold and then the stock is assessed to raise
money to pay the expense of digging hole
in the ground-and often hole in the
ground is all the concern ever amounts to.
EMMA MINE.
National politics don't concern us much
here, though the Emma mine business
causes some talk. 1t is the opinion of the
Virginia City Enterprise, and of many
miners of experience, that the Emma is re-
ally valuable mine, and that further de-
vslopment would strike new deposits of
ore. T. w. Park iand Minister Schcnck
stand higher in the opinion of the Nevada
miner than OF the Vermont granger, a good
deal. They stand in the light of prosecuted
mortals.
GAMBLING.
] saw chap lose couple of hundred
dollars in few minutes this morning in a
game of poker where every bystander could
see cheating going on. He lost $500 In the
course of the night aud got up from the
table without cent, just because he had
got more Nevada whiskey on board than
the sharps who were playing against him.
These things happen every day in hundreds
of places. In Virginia city there are seven
teen faro tables, which pay a government
tax of $475 per quarter, each. Each sup
ports three dealers and three case-keepers,
who work eight-hour shifts, the former
getting $3.50 each por day and the latter
So. Over all these expenses the proprie-
tors make princely profits and somebody
must lose something.
THE WINTERS SNOW.
The snow has not been four inches deep