Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1877-09-18
POSITION OF THE
AND AURORA
MINING COMPANY.

8 PiSNsR's CoURT. OH Broad STREET. Z. c..
LoSDox. I'D August. 1877.
SIR: In q letter in last weeks Mining
World" | stated that the usual letter from
Captain Drake would arrive on Monday last.
from which We ought to obtain mfr nation
respecting the time Of starting the mill. and
what silver would probably be made without
Irssh discoveries, &c. That letter has ar
rived. and been considered BY the Directors.
IL is possible they may publish Il in the min
ing papers Of Saturday. but judging by the
past, il is also possible that in spite OF prom
ises they may not. IL they do, l think the
shares will recover from their recent Or Sat
depreciation in price. let the bears" try to
jump them us they may. and therefore. in Or
der 10 give you an early intimstion Of the ac-
tnal state OF affairs, and q chance oil buying
at the present worry low figure. l send this
circular, but to Shareholders only. Captain
Drake does write. and he sends bis weekly
accounts regularly: but pending the acquisi:
ton Of patents to cover othsr unworkcd
miEes along the course Of the tunnel, the Di-
~rectors preferr d that you should not know
that these Applications were being made;
they are now complete, and so the proprie-
tore, who are most interested, can see as we'll
Is those who read the White Pine local
papers, land who could have been our only
past, and that with the exception Of about
800 feet, or 100 feet. c illcd tho Grant and Col
fax claim, the whole Of the sround to DO IN
derrun by the tunnel. say 500 feet, ia your
property my M uicputc Chu III IS " your
RICH, to take all ores found.
1t is to be regretted that your Directors
have not, in reply TO my frequent requests,
supplied 70 each proprietor a plan, according
to scale. Of the shafts. drifts and boundaries
Of the mines. Other companies can afford
this trivial cost, the for&s Peninsula As an
instance. Shareholders could then see for
themselves
The letter from Captain Drake will tell you
that there are 800 tons OF orc on the dumps
belonging to this company. and moro 10 ex-
gected, and he has little doubt As to future
d~iseoySriss
That he has. or expected to have. 500 tons
stafford Nine" and With these two parcels
1t has been surmised that the "StsIord" is
. "purser's" name, and that yeu should real
~ read Thomas Jefsrsen," near Eberhart,
but that at the time be wrote his letter some
thing in connection with the complete title Of
the "T.o pas J efferson" was imperfect. from
causes Captain Drake may explain hereafter.
Those causes have nov lapsed and patent OBJ
one. Possibly his last two letters. When pub
lishsd. may prove, or disprove It. Ii the
whole proceeds came to US, the profit for the
month win be-, suppose, about 5000 or
about FL 30 less. +.
The compan holds now about Goa 900, and
the requi.ition for August, say fs.0Oe, has. l
believe, already been provided for. Ii 10 ex-
coming winter in explorations, and do less
tunneling. At this time last year the shares
were. worth about 90. Since then q good
deal has been spent on dead work. which will
prove Of value hereafter. Now they have
fallen. from bear jobbers and a bad market.
to Is or FL; . rally in price is i~nevita ble-a
matter of c~ourse-and il proprietors will but
buy, nov ut the lowest. they will take the
profit instead Of the despicsble bears" who
over and over again rob the s~hareholders BY
falsely depreciating the property Of the lat
ter.
shall be happy to receive and execute any
orders promptly. and really believe that they
will prove profitable.
/ remain, Sir,
Yours, obliged and respectfully.
I. q. TAYLOR,
Sworn Broker for Stocks and Shares.