Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1878-04-17

Rich Gold Discoveries.
New York Mining Report.

N0" tOrA aiming report.
Great excitement is being created in the
Territory by the discovery of extremely
rich gold lodges in Pinal county, Ari-
IONA. The Yuma Sentinel, whose editor
George Tying, is the best informed man
in the territory, says, of the discovery
OF ore assaying ~, 500 per ton, that It
has actually been found in considerable
quantity; we have seen the certificate
OF assay, which gives the value in gold
as 42,S7S, and in silver $1,649. 43. Sc
lected specimens shown us could ASSAY
three times rs much, as they contained
at least One-third of their weight in
gold. The discovery was accidental
and occurred in this wise: Feb. 4. Col.
5. A. Buckingham went out to look at.
with view to bond or purchase. GER
tain mines in Pioneer District, Pinal
county, owned by Buck 4 Hayes. On
their return they were accompanied by
ID. Dunn. Itbeing late in the day, they
struck across the country, hoping to
reach the Silver King and Globe trail
before dark. All four were mounted.
While forcing their way through the
brush, along the middle fork of Pinto
Creek, Mt n point some three and a half
or four miles north of Andy Hawkins
Pinal ranch, and some sixteen miles
west OF Globe, one of the party dis
mounted. He soon cried out, "Boys,
here's gold" At first the others thought
he was joking, but his persistence caus-
ed them to turn back, when, sure
enough, there were the richest aurifer-
GUS float and groupings perhaps ever
discovered. Closely examined, this
rock is found, to be thor
oughly decomposed quartz, held to-
gether by u perfect sponge of fine wire
gold. Oxidation of its silver alloy
has so discolored the gold that it might
escape n casual glance, but the least
friction reveals its true character. Speci-
mems broken from the ledge carry their
normal color, and are brilliant with
gold. The ledge occurs on the side hill,
about 500 feet above the bed Of the
creek, which carries constant stream
of pure tish.supporting water. 1t has
been traced for great distance, and
ten locations, of l, 500 feet each, have
been made upon it. *** We shall
soon learn whether this bonanza is q
mere freak of nature, or really mine
that carries ore of the unprecedented
value of over $40, 900 per ton. But, In
any event, the groupings of the float
alone will make the boys rich. The ex-
citementin that country is now immense,
and prospecting has received fresh
impetus. Almost the entire watershed
of Pinto Creek, and its branches is COW
cred with dense thickets of catsclay and
similarly stubborn bushes. This fact
has heretofore proved barrier to thor
ough prospecting. The four discover
ers Of the IA 500 bonanza are ID. Dun,
who used to be n contractor at San
Francisco, but now resident of Los
Angeles; G. Hayes, formerly head cook
at the Russ House, San Francisco; G.
T.. Burk, a former resident Of Yuma,
and later M active prospector and work
er Of mines ut the Lagnna and elswhere;
and Col. $. A. Buckingham, who tells
us he took out the Seventh New York
Volunteers mot the Seventh New York
Militia) in 1861. Col. Buckingham
came to California about q year ago,
and to Arizona nearly two months ago.
Since that time he has been examining
mines in Pinal County, and has bonded
eight, which he hopes to dispose of in
San Francisco.
AMERICAN newspaper publishers will
take some interest in the accounts of
the big Paris paper, lie Figaro, for 1877,
which have just been published. The
receipts of the paper for the year were
1926, 82O.SO, and the expenses 1867 49,
16, the net profit, after making a
deduction for unexpired subscriptions,
being $24S, 3S4.39. OF the receipts--as
American publishers will be surprised
to learn-less than III eight came from
advertisements, the items being as fol-
lows: subscriptions, 1885,, PIT 90; sales,
$4O2, 709.0S; advertisements and notices
met, $115, 4O6,29. The circulation was
$4,000 copies day, exclusive of "cam-
paign supplements" Here is the
itemized account Of expenditure:
Composition. ..................... 81, 147 .98
Paper, press-wOrk, etc.,. .......... 1913, 1875 81
Addressing and advertising. ..."" s,9O5.S3
E Sitoge dcn.r,m.nt '.. % o. ~ ~
Business stan dncluding folders and
carriers). .........:. ................ 10, 444.&
Miscellaneous expenditures. ....... 79,y2.72
BY way of completing the surprise of
the American editor, who has thus
seen that the rule that "the circulation
should pay for the white paper" doesn't
hold good in France, let us translate
this extract from the report of the
directors:
An important improvement in the
news service Of lie Figaro has been,
however, fruitful source Of expendi-
ture. We have now Geographic
instrument in our Offices and
pay nearly $500 a month to the tele-
pranh denartment.