Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1878-08-31
EUREKA DISTRICT.


Decd Showing ~ the Correspond
sPt Of = London Paper.
Mr.. J. d. Power Of Eureka has An inter-
esting letter in the latest Mining Journal
at hand. We make the following extract:
Ruby Hill still continues to yield up it's
gnome guarded treasures as abundantly es
ever, and the prospects are as encouraging
~ ct any previous period since first opened.
1t ia . wonderful hill, and without indica-
tons prove false it bids fair 70 eclipse any
exhibit Of wealth -hich it i>as yet made.
The approximated yield Of the mines and
furnaces Of the district Tor the month Of
June, and for the present year, is as fol-
lows There ives shipped from the Eureka
district for June account crude bullion
valued Ut 1871 900, in addition to $780,
$50 81 sent forward by the Richmond
Company. The value Of the lead ~freighted
during the same period was estimated at
4175,O00, and the ore and fue dust ship
ments II Ia calculated added $40, 900, making
in all . grand total for June OF 81 400, 1873 81.
This exhibits . decline OF about $40, 900
from the Nay product, . fact accounted for
by June being . short month. From jan
uary 1 TO July 1, . period Of sig months,
the total yield Of the district will aggregate
8 1000, 900 lkl, 400, 0O0.) y This amount,
though enormous enough, is largely in
excess Of last years entire yield. What
think your Transatlantic skeptics and
grumblers Of this almost unexampled out
put OF treasure, and that in the short space
Of six months, too? What proportion Of
this vast yield was produced by the Rich
mond, ! am, Of course, unable to say, but
that II was no uncomfortable sum may be
inferred from the quanrty Of lead and
dore bars shipped during June, as shown
above. Still, the Richmond shareholders
appear TO be dissatisfied. What would they
have? Are they not satisfied with having
rs per cent. Of what has been realised dur
ing the last six monthsf Well, l think
they ought. and they ought also to cease
drawing, in dolorous strains, continued
attention to their losses in connection with
the Richmond, for it has been to many OF
them . veritablc blessing.
II English spectators have lost by the
mines Of this country they must attribute
such losses to their own folly. as l have
heretofore shown, more than to the I'M
worthy characters Of our mines. II men
will persist in entrusting the care and
management Of their properties to agents
and self-styled professors whose knowledge
OF either neurological or metallurGical
operations Is limited TO what is Cleaned
from books, reports, etc., and who know
just - little Of the details Of mining gen.
orally as they do about the Chaldaic Ian
guage, they must expect to reap just a.
they sow, for IL they plant the wind they
certainly will reap the whirlwind. Mining.
like every branch Of industry, must be un-
derstood SO IS TO be made successful. The
majority Of the failures resulting to Eng
lish mine owners in this country have
arisen from bad management and the I'M
buisness-like system OF favoritism pursued
by London mining boards with regard to
selecting managers and other high salaried
officials, who ought to be selected because
OF previous experience, rather than for
their social position and connections. This
In a great measure Is the rock on which
they have foundered; the maelstrom which
has swallowed up all their loose coin, and
caused them to seek the aid OF the wind
ing-up courts to free them from their
burdens.