The teller. [volume] (Lewiston, North Idaho) 1876-1878, 1877-03-03

The s. +. Stock Exchange says three
years ago the mines in what was known
as the Idaho District created a sensation
in the San Francisco market. We re-.
member when Golden Chariot sold
readily at from S25 to $50 per share !;
It's neighbor, South Chariot, at $1S,
Poorman at $40, Empire at $14.
Things were blooming in the district
then. Everything looked roseate, and
everybody said, that Silver City was to
become the rival Of the Comstock.
But things have. changed. All at once
COLLEEN Chariot's ore body gave out, in
dicatiops in the other mines looked less
favorable, and timid capital began to
hedge. In d few months more the out
look was gloomy. and for the past year
and half the Idaho stocks have had
little more than nominal quotations.
How much money was sunk in those
mines We have not now the means of
knowing, but it was immense.
Now there are indications that the
camp is to be regenerated, and the i'm
preston prevails in some quarters that
San Francisco capital was too quick to
abandon the field. The Idaho Avalan-
che Of the 9th inst, says:
We have always held the belief that
the mines in this county are equal in
richness to those of any other section of
the Pacific coast, and with judicious
management We still believe that many
of our mines will prove bonanzas to
their owners and make the camp again
one of thu most lively on the coast.
Our opinions have been strengthened
by what has come under our observa.
tions at different times during the pres.
ent year. Enough has transpired to
convince us that many of the San Fran
cisco companies N abandoning work on
their mines on War Eagle Mountain
year or two longer, committed grave
mistake. aid one that has resulted 10
the loss Of untold wealth to them. I'll
they hadgone on in the work of devel-
opement under practical auspices, the
bullion products would have exceeded
the mot sanguine expectations of all
Interested. Ia some Of the mines work
was dbcontin ued just at a time when
there was every indication Of rich
strike About four months ago half
doze, men started into work one of
thes. mines-the Empire, ION their
own hook" They toiled but few
weeks and day or two ago their labor
was rewarded by rich bar of bullion
valued at nearly $4,000.
The ledge in the Empire from which
this rock was taken is an immense bo-
nau1a, aud if the company had prose-
,uted operations there the past year
hey could easily run up their bullion
shipments to q quarter Of a million dol
ars. This is no imaginary statement.
Practical men acquainted with the mine
Know it to be tru,. The Poorman
edge is in the immediate vicinity Of
he Empire and is undoubtedly a con-
iuuatien Of this rich, lode. We trust
hat the Poormau Company will not
make the fatal mistake Of allowing
heir valuable property to remain idle
my longer. That they can realize mil
ions Of wealth from it now is more than
certain, and it will Be the height Of fol-
y on their Tart to lot such magni6.
'snt lode remain unproductive.
Whether this picture is too rosy a
me, We Of course do not know, but it
'ould perhaps Be we'll if those WHO
lold stocks in these mines were to hold
a while and test tho matter.
wv IN nyDu'r NoMr Mon