, 1879-06-28

April % ..,.. ......... 100 60, 600
Totals $3.50. .....,.-.... s1.5o SIS, 900
Excess Of dlyllcnds. over assessments, S1o5,-
0W,-a pretty fair showing on milne which was
only incorporated In August. 1871. As will he
seen, the monthly dividends, after tho first month";
were on u dlmlnuendo instead Of on q crcscendo
scale, and tho stockholtlcrs, srlrmlslng with ac-
GU, got ont Of their stock, which speedily tuu-
last April stool nj ss. Meanwhile, unaer Coi.
fogna' direction, n new AMI in1nroyed shaft was
about 400 feet, At 43a feet In depth station
was cut out and cTotk-cuta wcro htnrted. There
nso three leyc!s,@No ! at 200 feet from sie
@ sa:t o@ r. sho JOS ees sato abo
200 feet In length. At ITO foet cast the rich
lcdGa was cut. On tho 800 feet level tho ledge
was, cut at afty.stx feet EAST, mud
on The aoG feet leyel The ledge WAS found on the
show. the ledgc on three levcls, or 2soo5 fcct Ia
1opth Of ore body. III addition to this, yvlnze
has lnen sunk fifty feet bolow the 43a feet levo,
and this winze has brought to light M orc body
of almost unparalleled rlchucss-
THIS NlcIl onx
bears the appearance of rotten stilton cheese,
and your correspondent Ind the satisfaction,
when In tho wlnzc, Of collecting a few specimens
whtcti nssayed Sll,000 TO tho ton. On tho 493
feet level tho DRIFT on the orc body running
north to south on tho ledge Is now about ito
feet In length. An upralsc Of seventy feet IN
the Immensely rich orc Ia mat!s from the JH
feet level. aud another upralse from tho 3O1
feet levcl, shows ledge over three fest ii,
width, the orc taken frU1n which has assnycd as
high as s:N0,000 to the ton. Unbiased oxpcrts
considcr that thtrn nro at present fully twenty
81 dividends IN sight. but tho great feature OF
the new development is its rlchnoss in clean
free gold, combined with horn silyer,-e fact
whIclt sisxlcans would interpret rs IT, best sss
proof Of the nrrmancnce aud Importance OF
This tm,nonse mineral belt, two mtlea wide, with
It's snrtuce shoots anl its Wesghty Indications ot
lhu tnnther iodc starting from this rich mjue,
$l0o sIsares nf tho yaluo Of SIC, 600 nnd Tho
stock IL to bn listed OH tile New York Uoarlt,
1he result Ut tI,e milling IL an1toua1y expected,
aud May possibly cause the stock to make
stock l. soIllnE for at.out SIS q sharc, and for
sonr t!Mo Iast New York huA bcun buying md
Huston scl'Ilts the stock. OF course, as to tho
origin VI the qanrtz-ycins In the dIstrict the
huldlne With Prof. s!tisnan that tho nountnlst.
llt'!, a,Hl silver lIIl, !. an hianui 81 eruptiya
rocks Clearly distinct frSm the character Of tic
cred With Debris resulting from the dccoluposl-
ton Of the rocks; THO porphyry, Ia tta dccompo-
sttloH, GayMg Furnished an COURAGEOUS eArtE,
wilervia aro abundans seams, fragmsnts of
stones, dur,sed from the cleavlng asundcr Of tHe
crests Ut the mineral loties which inteesect lis
mountain In central couree u0rth 20 to 10 de-.
Erees casr, whe the ridge Of. backbone OF tho
snouusain bears about N. Us degrees eaat. The
cyu experienced In
COLLABORATING DRIFT -.
recognizes At 0uce, In the aspect OF the sides Of
Ibis mountain, the probability Of tho existence
t"sFs 81 1hpf profitable p'1ssr Of gold
{I,ir Iris lnlf Ill
waY Of l'odlc. % tho definition which ho
found there has been 80 amply
b0ruv out since thut pertou 1.-THE ouartx,h
euid Prof.. Blake, "iusteud Of being q solid
homogeneous nass, u found In thin layers or
caats ono over tho other Ike sheets OF paper or
pastpboatti with Irregular thin sca.na or open
!nEe between. This structure, with peculiarltles
Indicates that thu veins Mero deposited gvaull.
hl!y III the ti4aures by thermal Springs similar
70 thUsc now exlstluE along tit base Of thr
btrEras at hteaInboht a1.d elsewhere. Such au
origin would nccessitate tho continuance of the
vetns 10 vely great depth and Indicate very
constant una uniform deposit Ut gold. Tho
gold is not con!tned to one layer sloue, but ID
sprsad or dispersed. When q mus of 1t IL
crushed and washed It SLOWS sirher &hn1, tho
surface Indicates. Doubtless there viii bo
6hoots or cli!ni'eys, but tl.t gold IL generally
evenly alisetihutcd.h On tho surface the "lay.
crs here spukcn of arc known among ,ks
miners as rlbhou~quartx, Beneath thls tho vein
matter may be said to bc usually composed of
slabs Of marble two inches or Iuore iu thick
ness, set down tu the llssurrs cdgowlse, dccoIn-
posed lu part aud Feddened BY the action Of
OrtuS Of Iron. The yeiloWiah Dnrcbyrv pra,ln,n.