Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1878-06-06

Views Of ~ Eureka Expert on its
Value aEd Present Condition.

Views Of u Eureka Expert on Its
Value and Present Condition.
The Eureka correspondent Of the San
Francisco Stock Exchange writes a follows
in regard to the above:
The enterprise indicated in the caption
Of this article was projected by Genaral T..
L. Connor. who subsequently formed the
company which he incorporated on the Goth
Of last January under the laws Of the State
OF Nevada. The Importance Of this I'M
deftaking. viewed from an exclusively min
ing standpoint, cannot, at this juncture in
the history Of our district, be too highly
estimated. 1t is a great undertaking, and,
as a means Of developing what is believed
to be one Of the most promising sections of
the great lode coursin3 south from Ruby
Hill, will sood become manifest to the
most confirmed skepic. The property,
which consists Of the tunnel sites and a
series of four locations, two of which
were purchased by the company, is very
eligibly situated on the
EASTERN SLOPE
of Prospect mountain, whose rugged crest
rises nearly, if not quite, 5000 feet above
the placid waters which lave the founda-
tons of your gay metropolis. The first Of
these claims, the Exchequer, lies about 800
linear feet east from the initial point Of the
tunnel, which has, at this writing, attained
a linear trend of 100 feet on its course to
the west, where it will, in due time, cut
through the Inca, Indus and Crucible,
which comprise the remainder of the
company's locations. Its course lies in
close proximity to the southern line of the
r.rHrr opprpo
Of four mines, owned by one Of the most
indefatigable miners in our district, Mr..
Maurice Hartnett, whose splendid and
profitable development of the Industry,
which lies south Of and adjacent to the line
Of the c~ompany's locations, has lone much
for the southern portion Of the lode. The
latter mine has been very successfully
worked, some of the richest argentiferous
ores found outside Of Ruby Hill having
been and is now being extracted from it.
SO also with the Magnet Series, which
comprise the D~esperandum, Nil, Magnet
and Mazep, the two former of which have
yielded some very fine ore, rich in gold and
silver and carrying a fair per centage of
lead, as does the majority Of the ores that
are now being hoisted to the surface from
this famous ridge.
The greater portion Of the tunnel stock
il held in Eureka, whose citizens have I'M
bounded confidence in the future of the
property, as have all who have examined it
and watched the operations that are nov
being vigorously prosecuted under the
supervision Of General Conner, who is now
in your city forwarding the interests Of the
company. The company is stocked at
S10,0 00, 900, divided into 100, 900 shares of
the par value of 500 each, which is for
ever unassessabIe. The company is gov
erned by q Board of Trustees, composed Of
some of the most respected and enterpris-
ing citizens Of the Base Range, with whose
varying fortunes they have been more or
less identified for many years. They are:
IL. Muller, partner in the banking house of
Paxton d Co.; w. w. Bishop, Counselor
at Law, of Nevada's pioneers; Colonel
Sabin, and Matt. Kyle. an old and intelli-
gent miner Of the district. The officers
are General Conner, Business Manager /;
". W. Bishop, President, and E. J. Butler,
Secretary, who creditably fills the bill.
In conclusion, / will hastily add that the
head Of the tunnel has, at this writing, pene-
trated the great shale belt which is known
TO form the eastern and everything cap or
hanging wall Of the lode, to the extent OF
$50 or more feet. Water has been met
with, and the flow found to increase as the
work progresses. This flow Of the
aqueous clement will in time prove a very
valuable adjunct in furthering future OPP
erations. And this reminds me that il /
wonsd secure a future corner in your in
teresting journal, / must write finer and
leave to a future occasion much that l
trust may be Of interest to your readers.
j. ID. 2.