The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1878-07-23
The bonanza mines OF Nevada.


The bonanza Mines OF Nevada
On, Tuesday last there was shipment
Of bullion from the BONANZA mines which
completed the mighty aggregate Of slv0,'
100000 shipped from the mines. The
exact figures were, from the CaliiOrniS
S4o,5l7, $50 10, and from the Consolidated
Virginia $50, 493, 632 s5-a total Of $780,
0l1,0S5 05. From this sum the Califor'
mia has paid twenty.six dividends, aggre-
eating SIS, $50, 900, and the Consolidated
virginia has paid forty>six dividends
sgyresatiDg al 100000, making total
Of se9,l40,00O. There have been since
the Last dividend was declared shipments
amounting to s670,655 9s, which will
swell the dividends $4,000, leaving the
full amount Of dividends SIS, $4,000, or
withfns fraction Of 70 per centuu Of the
whole gross produc. Of the mines.
These are tremendous figures, and are
altogether unprecedented 10 mining.
Turn them about or analyze them 10 any
way, and the result Is magnificent. The
yield Ia equal TO one.sixteenth oil the in.
terest-bearing portion Of the national
debt; Il lie equal to the value OF all the
properly Of all kinds in an average city
Of 900 inhabitants; 1t Is more than
the value Of all the real and personal
properly Of this State. and the compari.
sons might be extended indefinitely. This
amount has been taken from little spot
Of ground less than 800 feet in length,
and from 90 TO 800 feet In width. And
the marvellous deposit is still yielding
princely sums. As'one looks upon the
fisures, he finds himseli wondering why
there are any poor in this world, and
why, 30 long as gold and silver will pur-
chase any luxury and all reasonable ser.
vice, there are so many who are In pecu-
MARY distress.
The thought is cured, however, by re.
aectipg that Ia all the mining Of the
world no other such suecess was ever
won before. For Eve years, from 1857 to
1872, company worked the ground all
the time, expending sl6l, $40 Al upon the
property without realizing one cent 10
return, At last It was forced TO give
way, and on the llth OF January, 1872,
thepropsrty fell TO the present manage
ment, These men expended $277, $50 IL
on the property before realizing one dol.
lar from II. Il was 4 stubborn fight
agains, the heat and the barren porphy.
steady pouring out Of gold on q
hops, which continued altogether eight
years; and which would have been aban.
doned In any other country but this, and
by any other class Of men In the world
except Nevada miners. allitjudgmeni,
sagaeily, faith, pluck or what you will
II is 4 faculty, or rather combination
Of faculties, which exist nowhere else on
earth.
The olds.ock (only 10000 shares for
each mine) was worth but two dollars
per share, and some who perforce accept.
I'd u for services rendered eRailed their
hard fortune. Since then Il has made
them richer than they ever dreamed OF
being, and their word IL held In great es-
hmAtion because Of their shreNdness 10
purchasing BONANZA stocks when they
were low. Atlast 10 DRIFT which was
run from the Gould and Curry shaft
through the Best and Belcher mine into
the Consolidated Virgins, the cres. Of
the bonSEa was cut, explorations follow
ed, and the more work that was done the
more ore WA exposed, until at length, In
the autumn Of 1874, 1t was fully revealed
that an ore deposit had been discovered
that exceeded 10 extent and richness any.
thing ever found before 10 mine. On
October IS, 1878. the drst shipment Of
bullion from the Consolidated Virginia
was made. That was three months less
than Ave years ago, and now the product,
q We have shown, has exceeded $780,
10000, almost Seyen.tenths Of which
have been In profits, OF the whole
amount about forty ave per eentum hiss
been gold and hlty'6Ve per eentum silver.
-VGsiaia Oily EntSprl's, Jaly Q.