The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1878-08-23
TREMENDous FIGURES.
The Immense Products OF the Bonan.a
Mines.

Mines.
[From the Virginia City Enterprise.l
On Tuesday last there was shipment
of bullion from the bonanza mines which
completed the aggregate of 800, 900, 900
shipped from those mines. The exact
figures were-from the California, $40,-
5l7, 500, 20, and from the Consolidated
Virginia, $50, 1893, 1929, a total of
00.011 ,085.05. From this sum the
California has paid twenty-six dividends,
aggregating 1913, $50, 900, and the Con-
solidated Virginia has paid forty-six
dividends, aggre eating SAT, 040,0 900.
making total of 500, 14O,O 900. There
have been since the last dividend was
declared shipments amounting to $780,
800. 93, which will swell the dividends
$44O, 900, leaving the full amount of
dividends 1853, $50, 600, 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 l25, 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
princely 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-
fecting that in all the mining of the
world no other such success was ever
won before. For five years, from 1867
to 1872, company worked the ground
all the time, expanding 1851 ,440. 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 81 from
it. 1t was stubborn fight against the
heat and the barren porphyry-a steady
pouring out of gold on hope, which
continued altogether eight years, an6
which would have been abandoned il
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 a combination
of faculties, which exists nowhere elst
ON earth.
The old stock (only 10S,00 shares fol
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 thar
they ever dreamed of beng, and theil
word is held in great estimation because
of their shrewdness in purchasing DO
nanza stocks when they were low. A
last, in q drift which..was run from til,
Gould and Curry shaft through the Bes
and Belcher mine into the Consolidated
Virginia, the crest of the bonanza wa
cut, explorations followed, and the more
work that was done the more ore wa
exposed, until at length, in the autumn
of 1874, it was fully revealed that an or,
deposit had been discovered that ex
ceeded in extent and richness anything
ever found before in mine. On Oct
Is, 1878, the first shipment of bullion
from the Consolidated Virginia wa
made. That was three months less thar
five years ago, and now the product, a
we have shown, has exceeded 800, 900,
900. almost seven-tenths of which hav,
been in profits. OF the whole amount
about AZ per centum has been gold ant
IS per centum silver.