Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1877-05-04
YESTERDAYS DISPATCHES
NEW o
DION BOUCICAULT ON TIL
BONANZAS.
He has 500, 900 Worth of Faitl
in the Manageme nt.
TROUBLE BREWING IN MEXICO
CHINESE LABOR FOR CUBA.

as follows. regarding the statement OF
a certain New York journal touching
the value of the Bonanza mines of Ne
vada: Every man, especially every
editor, has a right to form his W
opinions, but he is not entitled to form
his " facts. The journal in ques-
ton represented these mines to be
mere balloons, and the managers to
have used trickery and fraud in float
ing the stock upon the public. Permit
me to submit a few facts regarding the
history of these mines. The body of
ore called the Bonanza was, when dis
covered, divided into two mines, one
called the Consolidated Virginia and
the other the California. The Console
dated Virginia was worked first. The
shareholders paid in, in assessments,
$3.50, 900. The mine has since paid in
dividends $26, 000, 900. The sharehold-
ers of the California have never been
called upon for a dollar Of assess
ments, and yet it has disbursed in div
idends, to date, over 81, O0O, 900. The
two mines, therefore, constituting but
one bonanza, have paid in dividends
the enormous sum of S3S, 900 900, and
there are no signs yet of exhaustion.
This is a simple and clear statement of
the facts. Eighteen months ago a fire
in Virginia City destroyed all of the
works, mills and machinery OF the
mines, and while it cost a vast sum to
rebuild and repair the damage, divi-
dends were not discontinued. This
exhausted the reserve fund of the Con-
solidated Virginia and left nothing on
hand for emergencies. Last winter an
emergency presented itself. The Con-
solidated Virginia "a found to require
cleaning and retimberlng, and further
explorations must be made to ascer-
lain the extent of the mine. To
accomplish this production was
temporarily suspended. Stock gam
blers seized upon this opportunity to
depreciate the market value of the
shares, and Consolidated Virginia
pulled down its sister mine, the Cali
fornia, in its fall, although the latter
continued, and still continues, to pay
more than a million a month in divid-
ends. l have the utmost confidence in
the honesty of the management of
both mines. / am q large shareholder,
and have been so for the last three
years. 1 have followed shrewdly the
operations Of Messrs. Mackay and
Fair, feeling confident that they are
faithful, hardworking, honest men,
true to their trust. l hold at stake
over 500, 900 on that opinion which l
shall hold to the end. II 1 lose that
stake, it will not be through their mis-
management or dishonesty. Mines are
mines. The next stroke of the pick
may develop the end Of them. That
event is as much unknown to the man
agement as it is to the shareholders.
A mine is only a pocket, and every
pocket has a bottom. Every share
holder knows this, and he is a fool
who does not accept this contingency,
but l do revolt from the injustice done
these gentlemen by stock gamblers
and a portion of the public press"
NEW ORLEANS, May 2.
A dispatch from Matamoras, Mexico,
says: In view Of the presence Of Gem
eral Escobedo, who is the chief sup
porter OF ex-President Lerdo on the
Texas frontier, and the probability
Of an attempt being made to restore
Lerdo to the Presidency of Mexico, it
is stated that Diaz the acting President
will soon come to the Rio Grande and
resume command of Northern Mexico.
orders have arrived to recruit, without
delay, 5000 or 5000 additional troops,
and horses and munitions are being
concentrated on the frontier as speedily
as possible. Should Escobed0 cross
from Texas into Mexico he will meet
with a stubborn resistance. 1t is r o
ported that Cortina was received in
Mexico with demonstrations OF favor
and has placed q large stock of horses
on his different ranches in this vicin-
ity, which were largely stolen from
Texas, at the disposition OF the Gov
ernment. Cortina's friends assert that
he will shortly return with his former
rank of General and take an active
part la the stirring events shortly ex-
pected ON the Rio Grande.
NEW YORK, May 2.
A letter from Havana, dated April
%, contains the following: A meeting
of planters took place on the 18th inst.
in the mansion OF the Marquis OF AL
ava with the object of discussing plans
for the formation of a society for i'm.
porting Cinnamon as lRbOrers on the
Island. The meeting lasted about four
hours and came to q definite arrange
ment, the particulars of which are yet
The capital required Is
fixed at 5000, 900. half Of which has
been subscribed already. Planters are
invited to subscribe within thirty days.