The Pioche weekly record. [volume] (Pioche, Nev.) 1877-1900, 1877-10-13

u
will be held in ths city meeting of the
Superintendents of the mines on the
Comstock lode, from the Utah on the
north to the Silver Hill Oh the south,
and the Rock Island on the west, for the
purpose of taking into consideration the
proposed terms OF compromise with the
Sutre Tunnel Company. The advanced
workings of the tunnel are west of the
Chollar- -Norcross-Savags shaft, and will
reach the Savage workings in seven or
eight months. A drift started now from
the Savage could connec. with the tun-
mel in four months. In the meantime,
from the line of the shaft of each mine,
branch lateral drifts could be run north
and south, which could be completed in
six months at the farthest, and by next
Spring the pumping arrangements of all
the mines could be perfected and the
cost reduced to minimum. This con-
summation would be highly desirable
for all parties concerned, and to con-
| slider its possibility the meeting is to be
held Already Messrs. Requa, Deides-
heimer, Forman, Osbiston and Gillette
have been spoken to and have endorsed
the plan heartily. although the latter
protests that as soon as he starts up
again he can drain his mine in three or
four weeks at furthest, and that he can
then put in lG-inch pumps that can
handle any quantity of water. Colonel
Fair has been spoken to, but be has re-
fused to have anything to do with it.
and says that the bonanza mines have
no water and don't want to pay out
money for which they will get no return.
Sutro's rates are said to be quite reason
| able. He proposes to abandon all claims
to the royalty of two dollars per ton for
ever, and will allow the mines to use
his tunnel upon the payment OF month
| ly sum from each company proportion
ate to the length OF each claim along the
lode, the payment to begin as soon as
| the lateral drifts are connected with the
tunnel. The cost of running the drifts
to meet the tunnel and also ths lateral
ttits would, of course. devolye upon
the Tunnel Company, but an arrange
meut could be made whereby that Com-
pany could, if it preferred, put gang of
men to work in each mine. As soon as
the suparlntend-nts have agreed upon
the time and place of holding the meet
ing,, Adolph Sutro will be notified, and
will appear to explain his plans and
conditions. II the superlnteudeuts agree
upon the conditions and arrive at an
understanding with the Tunnel Com
pauy, the Boards of Trustees OF the sew
eral mining companies will be called
upon TO accept the compromise and to
call a meeting of their stockholders to
ratfy the same At o'clock this after
noon reporter was informed by Mr..
Sutro that the only basis upon which
the Tunnel Company will treat is as fol-
lows: The mines to pay u monthly sum
equal to 2 per cent. of the capital in-
vested in the tunnel, with interest. This
SUN will be applied as follows: One per
cent. to the payment Of the interest on
the capital of the Tunnel Company. and
one per cent. per month to be invested
in sinking fund.
Carson Appeal, 9th: Judge McClinton.
formerly of warm Spring, returned from
Mono and EsmeraIda counties yester-
day, and his report respecting the futur-
ity of that section Of the great mineral
country are, to put it in a mild way,
|
porous, and that the long looked for
good times are near at hand. ID. o.
Mills and other capitalists have determ-
ned to resume work, in dead earnest,
on the once famous Real del Monte and
other mines lying contiguous. Aurors
viii, yet see its best days. Respecting
Bodie, be says, every day brings to light
new Developments Of surprising richness
Every hill within the mineral belt seems
to be mass Of gold.bearing quartz
Recent uncoverings in the Bechtel
Black Hawk, Syndicate and Red Cloud
mines, together with the immense bod,
OF rich ore in the Standard mine, insure
the mining prosperity Of Bodie for year.
to come. The Judge says that this viii
, suffice for the present; he does not wan
to tell all that he knows for fear Of in
: turing his reputation for verscity. Tn
i Judge ia well posted in mining matter
. and much reliance can be placed on bi
8 Judgment.
A BIG GOLD BAn.--There was on 81
hibition this week, at the Office of Angus
i Weihe, corner OF Montgomery and Cal
: fornia streets, bar Of gold bullio
r weighing about 225 pounds avoirdupoii
d The bar is the product OF the Sprin
!, Valley Mining Company's mine
Q Cherokee Flat, Butte county, California
n and was originally intended for exhib
J. ton at the State fair, but the compan
d determined upon converting it into coir
o and it WAS accordingly sent to the n
y 6nery. The bar weighs 2.532.43 ounce
10 Troy weight. and its value is $50, 1907
1t gold end $Sl.25 silver. The Sprin
Is Valley Company carries of the palm #
At big bars Of gold several very large one
N having been made by it within the pa
IS few years.
at - 49,