Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1877-07-07
lfrom the s. v. Post. July 81

II any one entertains . belief that the
Cemstock ledge Is "petering out" we
would call his attention to tho immense
bullion shipments which are now being
made from Virginia City. Yesterday. the
largest single shipment since the lode was
discovered anne to hand. II weighed
nearly eight tons. and was valued at $685.
3ii. OF this amount. siO5. si7 camo from
the California mine. and S263.9i from
the Consolidated Virginia. In view Of
this solid evidence Of prosperity. 1t GER
tainly seems that the hue and cry about
hard times and the unproductiveness Of
mines are thoroughly unwarranted. stock
speculators are yearning for q "new bo-
nanxa, " when sums like $699.3 l4 are sent
down In . single shipment from an old
one. They are not content 20 let
we'll enough alone but selfishly cry.
"Give. Give" Legitimate shareholders ON
the other hand are quietly drawing their
dividends. They are satisfied with their
investment. and when amounts like $685.
3iA steadily come TO hand their faith In
the intrinsic merit Of property increases,
and no bear movement will brighten them
into selling their shares. For two years .
large class Of stock gamblers have been
undergoing q "a big scare" The ore body
In the Consolidated Virginia mine had
"pinched out" they thought. There was
no basis for such = theory except the word
OF certain men who were acknowledged
hears In the market. aud the articles which
they caused TO 10 published in the news.
papers. Experienced mining men In.
spectsi the various levels Of the mine. and
laughed al the idea Of the orc body pinch
ing out on the l55O-foot level. They even
backed their opinions by heavy pur-
chases 81 the stock. Yet the market went
against them because the public had q "big
scare" and rushed To dispose Of their
property on the strength Of damaging re-
ports. The development Of a new level
1.-THE iC50l came In due time. however. and
We think the fact Is well established that
there has been no "pinching OUT ~ the
ore body even at that depth.
And still another level 1.-THE 1850 Is
about TO be opened up. and the bears will
have IN transfer their peculiar ideas 10 the
1850. then 10 the 1850, AMI next tn the
1850. a. each successive level isopened and
gives untold dividends 10 stockholders.
Men have reasoned that because the Crown
Point and Belcher bonanza gave out ut .
certain depth. that the Consolidated
Virginia and California must do the same.
But II has been demonstrated by scientific
men. and proved by what's actually taking
place at the mines. that the immense
chimney Of orc extends aud spreads To
lower depths than have yet been reached
on the Comstock. The double Wine now
being sunk In the vein on the lGj0-feot
level VI Con. Virginia WAS down on Tues
day TO . depth Of So feet in solid rich ore.
II was thought that q "horse" would
be encountered ut q depth Of 20 feet. but
tho porphyry streak failed 10 appear. This
would seem TO indicate that the ore body
on the i7J0Lfoot level will 10 more solid
and less broken by streaks than on the
1850. Another important feature has been
developed. The last cross-cut from the
Consolidated Virginia deep Wine on the
lGj0-foot level was In solid ore on Tues
day, with . prospect VI continuing the
same for some time to ONE This proves
that the dip OF the vein 10 the south anu
east will insure q much wider body on the
1850. The west cross-cut coming In from
the q. and O. shaft ON the latter Lowell will
reach the east clay nj 4 much shorter
distance than the cross-cut did on the
level above. What il now being DEM
onstrated in the double Wine and In
the east cross-cut from the deep Wine
speaks we'll for the future Of Consolidated
Virginia. With these things in view II Is
not surprising to SEQ tho bonanza stocks
strongly held Is legitimate investments at
$3.50 jt, while the balance 81 the market il
weal anil Jemornliz.l lint IA reuuirel