The daily gazette., 1878-08-02
FOURTH EDITION
THE BONANZA MINES.
SOME STARTLING FIGURES CONCERNING
THE WEALTH THEY HAVE TURNED

THE WEALTH THEY HAVE TURNED
OUT.
We take the following from the Vir-
ginia City Enterprise
On Tuesday last there was shipment
of bullion from the Bonanza mines which
completed the mighty aggregate or $780,
00O,0O0 shipped from those mines. The
exact figures were, from the California
$4O,5l7, ,552 so, and from the Consolida-
ted Virginia $50, 493, ,532 S5-a total of
SlOO,01l ,0S5 05. From this the California
has paid twenty-six dividends, aggrega-
ting S2S,OS0,O00, and the Consolidated
Virginia has paid forty-six dividends, az
gregating SAL ,O40, 900, total of $50, 140,-
600. There have been since the last divi-
dend was declared shipments amounting
to S67O,655 9S, which will swell tine divi-
dends S440,00O, leaving the full amount
ofdiyidends S69,5S0, 900. ar within afrue-
tion of 10 per centum of the whole gross
product of the mines.
These are tremendous figures, and are
! altogether unprecedented in mining.
Turn them about, or analyze them in an
way, and the results is magnificent. The
| yield is equal TO one-siAteenth Of the in
terest-bearing portion Of the national
debt: it is equal to the value Of all prop
erty of all kinds in an average city of l25,-
900 inhabitants; il is more than the value
Of all the real and personal property of
this state, and the comparisons might be
| cXtonded indefinitely. This amount has
been taken from little spot Of ground
less than 800 feet in length, and from 60
TO BOO feet in width. Aud the marvellous
deposit is still yielding princely sums. As
one looks upon the figures, he finds him
self wondering why there are many poor
In this world, and why, So long as gold
and silver will purchase any luxury and
all reasonable service. there are so many
who are in pecuniary distress.
The thought Is cured, however, by re.
iirciing that in all the mining of the
world no other success was ever won be
fore. For i've years, from 1851 to 1872, q
company worked the ground all the T. ID y
eNpe ding Sl6l $40 A. upon the property
without realiz ng one cent IN return Al
lat it was forced to give way, and on the
llth OF January, 1872, the property fell tc
the present management. These meI
| expended S27S, ,lJ012 on tue property be
fore realizing one dollar from it. 1t was
a stubborn fight against the heat and til r
barren porphyry--a steady pouring out
of gold on hope, which continued alto
gether eight years, and which woult
have been abandoned in any other coan
try but this, and by any other cla-s o
men in the world except Nevada miners
Call II Judgment, sagacity, fai h, pluck
or what you WILT Is faculty, or rathe
a combination of faculties which exist
nowhere else on earth.
The old stock (only 900 shares TO
each nine) was worth but 81 per share
aud some who pertorce accepted it 70
services rendered bewailed their har,
fortune. Since then it has made then
richer than they ever dreamed of being
and their word is held in great estimation
because OF their shrewdne-s in purcha
ing bonanza stecks when they were low
AT last in drift which was run from tn
Gould and Curry shat through the Bes
and Belcher mine into the CONSOLIDATED
Virginia, the crest of the bonanza wa
cut explorations followed, and the NOR
, work that was done the more or was eX
! posed, until at length, in the aul umn Z
1874 it was fully revealed that an ore dc
posit had been discovered that exceede
IN extent and richhess anything eve
found before in mine. On Octaber ],
} 1873, the first sh' pment of bullion frol
: the Consolidated Virginia was mad
} That was three months less Than tiv
years ago, and now the product, as W
have shown, has exceeded Sl00, ,00O, ,00
almost seven-tentLs of which have bee
in profits. Of the whole amount aboi
40 per centum has been gold and 90 pt
centum silver.