Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1877-10-17

SOSIlbHbtAt8u -
Hale 4 Norcross. ............. il2.OOO
New York Consolidated ......... 10000
Total S3i3, 900
During the same time dividends have
been declared a. follows;
California. ........... $l,0oO,Voo
Consolidated Virginia. .....".. i,oco,oU
Total S2.iG0,00O
An important meeting Of the various
mining Superintendent Of tho comstock
WAS held yesterday at virginia. and . COM
mittec consisting OF T.. A. Schultz. !. L.
Requa, Charles FormAn. W. II. Patton
and Captain T. q. Taylor was appointed.
with Captain Taylor Is Secretary. This
committee Is To ascertain the exact cost
OF pumping or draining tho water from
the various mines Of the Comstock from
the level Of tho sutro Tunnel TO the
surfass . distance Of 1850 feet or therea-
bouts. also the cost Of pumping up TO the
level Of the tunnel. and. in short. aseer-
tain Just what the companies can afford to
pay for the privilege Of allowing tho water
to dow out through the tunnel. They are
to report to q similar COMMITTEES already
appointed in San Francisco Of the mining
men there, and tho result will be .
proposal 10 the Sutro Tunnel Company.
Capt. Taylor leaves for San Francisco TO-
night on business connected with this
matter.
II has been sscertained definitely that
the sutro Tunnel will not tap tho Com
stock al so great = depth as has been here
tofore represented by about 100 feet. There
are also many other points Of interest relA-
tive to Ii, which will be shortly brought to
light. The result Of this action BY the
mine owners and ~managements will DO .
compromise advantageous to all con-
cerned. The royalty proposition will be
ignored and abandoned. and the basis Of
the compromise will he the actual cost OF
pumping the water 10 the surface. above
the level OF the Tunnel. This is merely .
business proposition. to DO discussed and
arranged by business men.
Below We give our regular weekly sum.
mary Of the latest and most correct mining
information. derived from official and
authentic sources. showing tho situation
Of each mine to-day up to the time Of
going to press;
Consolidated virginia.
Daily yield $50 tons Of ore. keeping the
present milling capacity fully supplied.
Sinking the @. 4 e. shaft and opening out
the ~isJ0-foot station IL not yet resumed.
Sinking the main Consolidated shaft below
the i55ofoot level steadily progresses In
hard rock. II Is expected TO reach con-
nection with the main west drift from the
&. 4 q. shaft at tho is5o-foot level In
about six weeks. AT the i73o-foot level
the main drift west from the q. 4 @. shaft
Is pushing steadily ahead toward the vest
wall Of the lode. The face 10 In ledge
matter. but II has evidently not yet reached
the west ore vein ue'e''fVu ~ 49,
above. IL repairs anu hiAise%s "
this dritt between thc Org VEN anu sne y.
4 O.. shaft where LOT Aoout wv iest
passed through swelling ground. which
crushed in tho timbers badly. 10 golng
steadily aheal. Crosscuts Nos. 2 anu !
west at this level are advancing In fair
grade orc. On the i6j0-foot level the main
drift west from the ca U shait iss'eaany
aa.aSs,ns. w" .,.v IT, S.,ia,s orc bressts
ma stones Of the east vein, as we'll a. Of
the .ill door Of the west vein. are showing
considerable improvement. Tho south
branch from tho G. h q. drift 70 connect
with and facilitate tho working OF the
south ore Slopes at this level IL making
good progress In hard. blasting rock. need.
ing no timbering. On the l55O-foot level
the drift south from the shaft toward the
south ore body 10 making sAtisfactory
Roadway. and the enlargement and retim.
boring Of the main air gallery ct this level
will be completed this week. The diamond
drill boring upward from this level 10 tap
and draw OF the water from the south ore
slopes Of the iiOO-foot level 10 expected 10
effect its object very shortly a. u 10 now
running through a heavy clay seam which
doubtless holds the water. On the 1900.
400, 1900 and i200-foot levels the usual
AMOUNT Of ore extraction and development
work ia going forward. with no special
chAngcs to note.
..
Daily YIELD 90 IONS ine o'o s"Pes
aud breasts at the 1850 and i6Oo-foot levels
,ro welding finely and showing more and