The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1876-03-04
e5,oO0,O0O A MONTH.
Unparalleled Production OF the Big
bonanza Mines-The Bonanza
Kings PhilosOphically Drawing
Their Stupeudous Dividends.

Z
O. the Comstock lode. Since the year II
was discovered-iS69-nearly SSOO,OOo
600 in bullion has been produced iron
the lode, but there is no sensible dlmlnu
tion in the supply; but, on the
contrary, every indication points
to the fact that there are still
millions upon millions of hidden treasure
in the recesscs OF these rugged hills. Ii
will be remembered that DR.. LInderman
Director of the Mint, and Professor
Rogers, of the University of Pennsyi
vania, together with score OF scientists
spent some weeks in this section last
summer for the purposes OF making an
exhaustive investigation Of the mineral
wealth 'hereabouts. The investigation
WAS conducted with the greatest care by
skilled geologists, and the report thereof
embodying Professor Rogers conclusions
appears in the annual report OF the d.
rector ofthe Mint for 1910. Professo?
Rogers enlarges on the character OF the
rock examined, and gives theresults of dl,'
ferent assays, and concludes by expressing
his opinion that IN two OF the leading
mines-the California and Consolidated
Virginia-there are not less than $780,
100000. | am told by gentleman In
the best possible position to know that
DR., Linderman has given has given, 1t a
hi. opinion that the ultimate yield OF the
California and Consolidated Nirgina
mines will be S500000,0O0, but rather
than make q mistake in the estimate, il
was concluded by himself and Professor
! II Of
You have heard something OF the Con
solidated Virginia mine during the last
two wears. l made an extended toul
through this rich cavern OF treasure, Dut
il was with feeling of mild contempt
that looked upon $500 ore, after my ex-
perience in the California mine, and
! although 75o tons ia the daily produc-
ton of the Consolidated Virginia, aud
about $4,000 the daily yield therefrom.
INV asuirat ons still tend toward the Cali
fUrnia.
Tic G.. and &. shaft, which Is being
erected for the purpose OF handling TINS
ore, will be finished in May. 1t Will be
able. with its three compartments and
double cages, to handle ], 800 tons OF ore
a dsv. But suppose they hoist 800 tons
Of $500 ore a day, the smallest days work
will give returas of 100000. l do not
think, however, that they WI! hait mere
vet there is nothing to hurry them. Mr
Fair, the Superintendent, expects to pro-
dsce about So, 100000 :. month from The
two mines Tor the first few months after
tho California starts up, working grr iu-
allv 10 monthly production .. Slo,
100000.
The Consolidated Virginia Mine /:
divided into los, 900 shares, and Is selling
at sIl5 . share to-day, or S4i,o2O.ooo ioi
the mine. This famous mine produces
s.. 900 600 q month, and pays ten dollar
per share per month in dividends, ard II
likely to keep it up for three years t
come. The California Mine IS divided
into $4,000 shares, and Is selling at TN
rate of ninety dollars share (and thl
, before an ounce of ore has been takeT
from the mine), or $lS, 100000 for tn
mine, California will pay 1t
first dividend in May - thre'
dollars per share. May promise
TO be big month in the h stor,
OF these mines. 1t is understood that th'
management propose, IN addition To- tht
regular monthly production, to min'
SlUOOO,0O0 extra, which Is to be sent t
the Centennial IN the shape OF bullion 10
exhibition. For the transportation o
this immense amount of bullion thrt,
cars will be required, The proposition
10 mine this amount Of bullion from tw,
mines in single month may seem fabu
lous. | assure you it Is not impossible
Naturally one asks, who are the mel
that control the destines of tGis stupen
dous wealth? Where did they con-
from. and what will they do with 1t?
To begin with, the Bonanza Kings, a
thew are universally acknowledged to be
are John w. Mackay and James &
FAIR of Virginia City, and James I
Flood and William o Brien, OF Sal
Francisco. Mackay & Fair have beer
mining experts for years. Flood {
o. Brien were merchants in San Francisco
Bv sbrewd and careful manipulation
Macksy & Fair got hold Of the Hale I
Norcross mine and let Flood u y Brier
in for a share. Then they got the w NIT
& Murphy claim. which they renamed
the Consolidated Virginia. The share
were selling at three dollars, bui, moth
ing daunted. they kept on sinking tn
shaft. and finally struck the bonaCza III
1874. In a few months they were inde
pendently rich. They bought the Call
iornia claim. and have proved 1t TO bt
the mine of the age. At present each o
them has an income OF over $oOO.OOO
month. and will probably be WORTH
SlO0OOO,0OO each in less than ten years
They are all modest and uuassumln% =
and universally respected. Their weaItt
brings many annoyances, IN the shape o.
begging letters and personal application:
for money from people they never saw
Icis an imposstbiiity for one OF them c
90 on the street without being struck
for q loan" or a request io'
money, unaccompanied by n promise t
ropay when the stereotyped dog Is sold
This uLcea,ing demand from strangers
for money and points on stock Is nav
ING lts legitimate effect IN souTing Lax
dispositions of the men, and | am mo-
sure but they find themselves insetslbil
signing tor the days of hard work anc
freedom from care. However this may
be, | don't know; but do know the or,
cars continue to ascend. and the assay
Office turns out It's 100000 a day, anC
the bonanza kings continue to draw thei
half million in dividends each month
LIS second nature, YOU know.
Accident on the X. Il .. Il. Il.
TOLEDO, March 3.-,Th,s afternoon a
the freight train on the Baltimore X OhN
Railroad was crossing the bridge at tn
Delaware bend, near Defiance, II o7ok
in two, throwing a car from the track
The hind part of the train and cas-; spar Al
Of the bridge were precipitated into In
river Conductor Leech and two brake
men were seriously and probably fatal.
injured.
Failure.
} PIrrsBvRGH, March 3.-Zug u 90
l. p