Arizona silver belt., 1878-11-28
THE sTouR DEAL.
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 4 great hue aud crg has been raised by the stock manipulators aaoat the cross cutting iu llse S.erra Nevada mine, aud every6eiv is K peeted to take t for granted that h conseguence of che eaass-eal5a.g the price of Conlstaek shares wii nn- Il ledlateiy advance without regard tc reason or common sense. The or- lginators Of the deal, having dsided sher loaa oT stocks wilh b score or more pf wealthy operators, have rel solved io water the stock aaa under the stimulus of high assays from feN hslu.s of oFs os ,ae cfoss- cn.tliig prog Fesses ehey expect to re- Aeye ihemse.Yes oE the Iealainaef ol 'aelr .0ad ep9n she great mt'a.ltle et s'naii cap.sa.ists Riio bay mostis Isr dlrllrpds and aFs sigfisisaa.
 elassed as outside foo.s ? No vdas.al...Hg ihe depression in olAc 5saacacs oI business, the warning of al P7sS experience ual the prespui baJcn condition of the Coinstock Iaiges- unprecedented IT. she wile,e history J tue lode for t has never before becn w.rhoai dividend psy ing mns-5hey ghiI4k tley can gather lii lew hiore millioas OE read5 cast lfoni the people, Knowing thas even f the., iiaYe mine ln Umou afd Sierra Nevada, they cnl easily ac press tue stoek aia freeze ous lhase who buy noR, Il, lime go get the v- idenes or make another deal wl1Ie # tde reported slrlke should tGra uul 10 be a failure, like most Of it's pre- decessors, they wall at leass have o0- taine8 3 bonanza out of the stock market.
 The fact is, as we have heretofore shown, and as every sensible nan knows, It will take q year of success fuI cross cutting, drifang and siss ing oE wlazes to show that the mne is worth half what 1t IS now selling for. l. Is a wonderful mine tasl aIiI yield a pro6f of 535, 600 ,095. which IS the present price of tbe Sierra Neyada URion prospect A prudent man VII not make an invest ment in inning property without reasonable probability of at least 100 per cent. profit within a few years, and experience has shown that 50 per eent. per annuln Is not toe much for the hazards of mining. The oa.y true test of the value of a mne is the profit it can pay h dividends. No malTer how many people there are speculating in the market, aor how foolish they may be, this es Is sure to be applied sooner or later. Only one bonanza on the gomste ck has paid eaough in dividends to jas tify market price of S55 600 09e. gahforaia and Consolidated Yirgiia have paid S70, ,000, 600 aurug a period of more than four years, but their ores were of very nigh grade, aHd they were not so deep US Ehe Sierra Nevada prospect by l,090 feet. The center of their bonauza vas about l ,500 feet beiow the slr- face, while that of the new bouanza # there 5e one at all, must be fully ,590 IIelow the surface. To be as large an ore body as the one Wish which as are comparing 1t, 1t must be S90 feet deep, 100 feet wide and 300 feet long. To extract the ores from such depth and reduce them to bullion Bill. on account of the great heat and other difficulties at tending such a depth, cost ! great deal more. At all average depth of 400 feet the cost of Comstock ores was about S20 per ton {; at 800 feet S24; at 1 .500 feet, $50, and et :, 800 feet 1t Wiil doubtless be fully s35 per ton. At present the old bonanza ores average SIS per ton, and yet Mr. Mackey announces that. they cannot be exuacted at a profit.
 h vieg of these facts. is it right for men who clam to be representa- Lives Of cur mining industry. to eo- lielt credul9us people to exchange their hard-earaed money for these mining shares at raling prices Is 1t honest for them to do so by spreading exaggerated stories, Dy