Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1878-10-25

site. Esc.
The presen, development, in the Sierra
| Nevada 1. about to be opened up to the
world. Expectation is great. for the In
cline from the 100 level has scalped .
ledge for q great distance. the extreme
richness Of which has been proven BY the
,hor; erosseui already run and BY the ore
taken GU, where sill timbers were put in.
PLAN oF DEVELOPMENT.
The plan Of development OF this ore
body which has been determined upon
10 such a. to meet with the appreciation OF
all who are familiar with the situation.
The incline from the 100 and In which
the orc has been Developed 10 GOO feet
south Of tho new shat, from the 100 level
which is being sunk underground. Tho
incline had originally " compartments
and was intended to be . t~horoughfAre for
tho working Of tho mine. A third COM
partmont has been cut out for = passage
way and for placing pipes to air
for ventilation and working purposes
while crosscuts are being run and
A DRIFT TO CONNECT
This incline ON the ?20o level with the
underground shaft when 1t shall have
reached that depth. This will form q
system Of connections which will prove Of
ine.timable benefit in opening up the ore
body and In Stopping out the ore after the
opening out process is completed. Ma
ehinery suitable for carrying on all this
work economically must 10 provided. for
the public has not patience TO await the
slow process IL hand drills and blowers In
developing the mine. Besides the mine 10
too economically managed 10 waste the
money which such . course would require.
To do all this work, run crosscuts. wines,
drifts. and make connections costs money.
hence thi. assessment Of 81. But In regard
In that we prefsr 10 quote from the San
Francisco ~, Of yesterday. which says:
- GREAT DEAL Oh oSEr-
Over 1000. OO0-wAs expended upon the
Sierra Nevada mine before II could be
brough, up to its present condition. Miles
upon miles u drifts, ETC.. had to DO run
ere the slightest indication OF an ore body
WAS found. IL was only by perseverance,
and the patient payment Of assessments
| that the corporation was able 10 keep to-
| gether and accomplish work through the
trying times Of the great depression In
mining interests. But now . new. and We
think a prosperous. era ID dawning,
not alone for the shareholders In Sierra
Nevada, but for those % every min upon
the Comstock, for the rich lind of ore In
one place reaching 10 and beyond the great
| depth of 1900 feet, gives general eneour-
agement-mAkes IL certain that the bottom
ha. not yet dropped out Had the stock
/ holders Of Sierra Nevada refused 10 pay
assessments and the mine been sold under
the Sherin's hammer for lack Of coin TO
develop IL, the mining public would be
lAmenting their misery In sackcloth and
ashes instead Of enjoying the revival
through which We are passing. From an
almost bankrupt AFFAIR the Sierra Nevada
Is rapidly nearing an afiuent position. and
the prospect. indicate that the return in
future dividends will largely exceed all
pas, expenditures.
ruE LEyY or 50 PER SHARE
/. but a tribe to stockholders, most Of
whom have enormous prodts upon their
stock. II Is necessary ; expenses have in-
creased with depth. and proper machinery
must be procured for the practical work
ing OF the mine. The indebtedness Of the
corporation at the bank, a short time ago.
was, We Are toll. about $50. 900. A new
- ,.ox..ful air romnr,..ar. which will