Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1878-02-23

As showing how deeply and inimstsly
tho interests and real prosperity Of Ban
Francisco are identified with and depend
emit upon the mines Of Nevada and especially
the Comstock. We extract tho following
from that particularly isvei.hesded paper.
the San Francisco Fs',:
II is true that mining on the Comstock
Ii expensive. II could not be otherwise
where mines have attained . depth OF over
1000 feet, and where nature causes dif'
d~culties in the shape Of heat and water 70
arise Al every step. The ledge 10 In . con-
stant state Of molecular activity. working
and grinding massive timbers 10 pieces.
and sometimes undoing In . minute the
labor OF months. Supplies and trans
portation rates arc high. and even labor
commands the best rates on the coast. AL
thi. is true. But that the Management OF
the principal Comstock mines 10 willfully
and needlessly e~xtravagant We do not b.
lieve. Neither do Ne believe that tho
money collected through assessments 10
Lost 10 this community. Sooner or later
IL returns and benefits the masses at large.
Our foundries. factories and many outside
Legitimate enterprises which give employ
ment To thousands on this coast arc do
pendent to . large c1tont upon the mines
Of the Comstoek.
Most Of tho food which 10 eaten at Viz
GINA City and Gold Hill. most OF the
clothing. boots and shoes aud other neces-
stiles IL life which are required BY the
mining population. are drawn direct from
San Francisco. and We undertake TO say
that the profits OF them more than conf
pensate for the assessments taken from our
midst. Al tho Union Iron Works In this
city ponderous machinery has Just been
completed for the new shaft OF the Yellow
Jacket mine. Five hundred skilled me-
chanics. most Of whom have families 10
support. were engaged In It's construction
for the past five months. Every part OF
the work was done In tho shop. and tho
materials used were produced on the Pa
cihc Coast. The cost Of the machinery 10
500, 900. This amount. which will have
to be paid by stockholders In the Yellow
Jacket Company. will not DO squandered.
II will encourage the foundry business and
foster home industry. The Yellow Jacket
new shaft will cost. when completed. over
81, OOO, 200. IL Is not 10 DO supposed
that the bonanza firm. who arv tho
r,puted largest shareholders, would In
cur such expense on . mine whose pros-
poets are barren. They must have some
knowledge Of tho existence OF . new bo-
nanza. else this great shaft. which 10 be.
ing sunk considerably 10 tho eastward OF
the old shaft. and which will intersect the
lode a, tho great depth Of $500 feet would
not 60 down. The records OF the Yellow
Jacket show that $3.i3s. 900 has been col.
lectsd In assessments and $2,lsi,0OO paid
in dividends. The balance against the
mine Is therefore 81 ,25i, 00O. An average
bunch OF ore would more than wipe out
this amount. The assessment money has
gone TO encourage homo industry and 10
Dor. and almost every dollar OF IL 10 here
In some form. Thus San Francisco not
only receive. the precious produce OF the
Comstock. but the assessment money 10
kept hero "a we'll. The machinery Of dog
ems Of other mines, and nearly all their
supplies. have been drawn from this city.