The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1878-08-22
TREMENDOUS FIGURES.
The Immense Products of the Bonanza
Mines.


Mines.
From the Virginia City Enterprise
On Tuesday last there was shipment
OF bullion from the bonanza mines which
completed the aggregate of $780, 200, 900
shipped from those mines. The exact
figures were-from the California, $40
81, 1920, and from the Consolidated
Virginia, $59, 293, 532. %, a total of
500. OIL ,O85.05. From this sum the
California has paid twenty-six dividends,
aggregating $2S, O8O, 900, and the Con-
solldated Virginia has paid forty-six
dividends, aggregating 81, O4O, 1000.
making a total of $50, 100000. There
have been since the last dividend was
declared shipments amounting to $780,
900. 93, which will swell the dividends
$40, 900, leaving the full amount of
dividends $69. $50, 900, or within frac-
ton OF 70 per centum of the whole
gross products of the mines.
These are tremendous figures, and are
altogether unprecedented in mining.
Turn them about or analyze them in any
way and the result is magnificent. The
yield is equal to one sixteenth of the in
terest-bearing portion of the national
debt; it is equal to the value of all the
property of all kinds in an average city
OF 125, 900 inhabitants it is more than
the value of all the real and personal
property of this State, and the compari.
son might be extended indefinitely. This
amount has been taken from little spot
OF ground less than 800 feet in length
and from 60 to 800 feet in width. And
the marvellous deposit is still yielding
rrincely sums. As one looks upon the
figures he finds himself wondering why
there are any poor in this world, and
why. so long as gold and silver will pur.
chase any luxury and all reasonable ser
vices, there are SO many in pecuniary
distress.
The thought is cured, however, by re.
fiecting that in all the mining of the
world no other such success was ever
won before. For five years, from 1867
to 1872, a company worked the ground
all the time, expanding $161, 44O. Al upon
the property without realizing one cent
in return. At last it was forced to give
way, and on the 18th of January, 1872,
the property fell to the present manage
ment. These men expended $277, $50. IL
on the property before realizing ST. from
it. It was stubborn fight against the
heat and the barren porphyry-a steady
pouring out of gold on hope, which
continued altogether eight years, and
which would have been abandoned in
any other country but this, and by any
other class Of men in the world except
Nevada miners. Call it Judgment,
sagacity, faith. pluck, Or what you will
it is faculty, or rather combination
of faculties, which exists nowhere else
on earth.
The old stock (only 1O8, 900 shares fo1
each mine) was worth but So per share,
and some who accepted it for services
rendered bewailed their hard fortune.
Since then it has made them richer than
they ever dreamed of being, and thei,
word is held in great estimation because
of their shrewdness in purchasing bo-
nanza stocks when they were low. Al
last, in drift which..was run from the
Gould and Curry shaft through the Best
and Belcher mine into the Consolidated
Virginia, the crest of the bonanza was
cut, explorations followed, and the more
work that was done the more ore was
exposed, until at length, in the autumn
of 1874, it was fully revealed that an ore
| deposit had been discovered that ex-
ceeded in extent and richness anything
ever found before in mine. On Oct.
Is, 1873, the first shipment of bullion
from the Consolidated Virginia was
made. That was three months less than
five years ago, and now the product, as
we have shown, has exceeded $780, 900,
600. almost seven-tenths of which have
been in profits. Of the whole amount,
about 40 per centum has been gold and
81 per centum silver.