Weekly Trinity journal., 1879-06-28

A TRINITY COUNTY INVESTMENT
The following article from the lndianap-
oils (Indiana) journal of June 9th is in
relation to the Tay lor Flat property on
Lower Trinity:
The Trinity Hydraulic Gold-mining Com
pany, with capital Of Sl,CO0,OC0, divided in
to 100 0O0 shares of 80 each, filed It's articles
OF association with the Secretary of State on
Saturday. lion. John &. New, known as a
conservative banker and late Treasurer OF the
United States, is the pres don't; Geo. i.
| Gibson, known as writer on financial sub
jects and II successful business man. secretary
and treasurer; Gen. o. II. La Grange, of San
francisco, general manager, and lraac NJ.
Taylor, one of tho ableSt and most c0nserva-
tive mining experts Of the Pacific coast, con
5ulting engineer.
This company is organized in n manner and
under conditions which arc 80 different and
so superior TO most mining companies, that
we havo taken the pains to get the salient
POINTS OF the company's property and pros
poets, and especially a. fow of our most sue
cossful and conservative citizens arc directing
it.
The company own TO acres of very rich
auriferous gravel lying on a horseshoe bend
on the Trinity river, in Northern Cal liornia.
The bedrock supporting the gravel IS about
thirty foet above the river. the gravel rising
from forty to ninety feet above the bed rock,
Tho gold seal IS and flakes are disseminated
and evenly distributed throughout this vast
area OF gravel, which has been so thoroughly
tested along its mile and a quarter Of water
front and in the interior Of the Hat by shafts,
that the amount OF gold contained can bo
computed with great degree OF certainty.
The very lowest estimates Of the quantity and
value of this gravel by reliable experts is
1000, ,0D0 cubic yards, Of a minimum valuo of
fifty cents per cubic yard, or S7,oOO,00O oss
product.
Tho gravel requires no machinery to work
il and no manual handling, as docs gold or
silver quartz, which is eXcavated by drills
and explosives, elevated to the surface by
powerful hosting apparatus and the precious
metal extracted by pOnderous and expensive
stamp-mills and smelling or amagamating
processes. This is u placer, or hydraulic mine,
in which water, under high pressure, does
tho work, and very chaaply, too.
One mile and half lfabove this gravel de-
posit, a very deep and rapid mountain stream,
called French creek, flows into Trinity river.
the right 10 use which is owned in perpetulty
under the law by this company. french creek
is fed by perpetual mountain SHOWS at its
course, sixty miles away to the north, and so
PERCEPTIONS is its fall, that by going three and
a half miles from this company's gravel the
water is found to be at an elevation of two
hundred and fifty feet above that of the grav-
el. This water is to be detected from French
creek, and carried through ditch and tiume
to a point 200 feet above the property and
I0tncB 10 inc lace o. Tue RIdNbI-Dduh III ltOn
pipes, through which it passos under hish hy-
draulic pressure against the bank Of gravel
The gravel. sand and water, recoiling from
tho blow, 1ows down through sluices that Lead
into Tr nifty river, which at high water is
about 80 feet below the bottom gravel. The
gold having ten times the specific gravity of
gravel and twenty times that OF water, sinks
to the bottom of the sluices, whore it is caught
by quicksilver and saved tho debris or worth
I less tailings being carried into Trinity river,
which rushes by with such volume and swift
ness as to sweep them entirely away
The water right, which is one of tho best in
the State OF California, commands and IS in
dspensable to the working of the gravel beds
for eight miles down the river, and will be
valued twenty years hence when the gravel
| at present owned by the company shall bo OK
hausted. The attention OF the incorporators
| was directed to this property by General La
Grange, of San Francisco, a large investor in
! this company, who had inspected over thirty
| dilfor ent properties before he found this, in
which he has the most un1uali iied confidence.
! General La Grange for more than eight years,
as superintendent of the San Francisco Mint,
| having handled for tho government almost
| the entire production of the go d mines OF
California for that period, and having been
n successful investor in mines, naturally pos
sesses superior information regarding mining
| properties and opportunities.
! This property is nearly 400 miles north Of San
! Francisco being 100 miles from railroad, but
! its iso lation and the fact that its past owner
! Is WlLuouJ enterprise anu tne necessary means
to improve tho property and introduce water
upon it, explain the possibility of securing it
| and its equipment on advantageous terms.
! The hydraulic mines Weld the bulk of tho Cal
iornia gold product, but being on the sur face
and free from those uncertainties and elements
ofspeculation pertaining to deep quartz min
ing they are not dealt in on the Stock Ex-
| change. Their annual yield can be calculated
beforehand so accurely that nothing is left TO
surmise or Imagination, and, as consequence
the productive gravel properties of California
are, nearly all held by private capitalists, who
finding in them no risks to share with a
large body of stock holders, are content to hold
them as safe and longtime investment
The character and ability of the promoters
ofthis company; the high Endorsement of its
property, and almost unexampled excellence
of its water supply coupled with the certain
ties of its method of mining, assaredly enttlo
ii to confidence,