Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1879-07-26
rI,E COLI DEaNE rRIPLErs.

dictate or shadow forth the idea that they
were in the Comstock ore belt two OF
them south OF the Sierra Nevada, the
bonanza developing in that mine constr
tutipg one Of the three. The mining
public have been waiting, anIiousiy
waiting, for months for those other bo-
nsnz.s to be developed, and now call on
Coll Deane to call out the names OF the
mines In which those new bonanzas are
lying undsveloped. The San Francisco
Post has been punching him up lately
and reminding him OF his promise to
reveal the secret. aud suggests that now
IN q most excellent time to do 1t. while
stocks arc down. 1T will be remem-
bsred," says the Post. that in an inter
view with him. Deane boldly declared
that three new bonanzas had been found
In the Comstock. and that he was en-
Joined by secresy from telling their
whereabouts. He professsd that the
insiders were disposed to go on and
speedily give the public the benefit
OF these mysterious Developments, and
therefore he should not interfere with
their operations by making a full ex-
pose. Bot, he added. II he saw any de-
termination on their part to delay mat
tiers. or il the market should suddenly
collapse, he should at once hire a puolie
hall and give such a ventilation OF inside
chicanery rs would startle the world.
The three new bonanzas, however. have
not been forthcoming, despite Deane's
public statement, The market q short
time afterward started on a decline,
which at this writing does not appear to
DO ended. The public are suffering con-
siderably thrc ugh the shrinkage and the
anxiety. They naturally look to Coll
Deans for his promised explanation.
They want him to hire that hall, or. II
necessary. they will contribute the funds
for the purpose. II there are three new
bonanzas hidden from the public in the
Comstock lode. 1t is n fitting time that
the fact should DO known. Not a divi.
dsnd il coming from the mines. A line
OF assessments aggregating over $4,000.
600 has been levied. Matters are daily
growing moro critical. The Post there
fore urges upon Mr.. Deane the impor-
lance OF keeping his word.' To which
Deane replies as follows:
can take no exception to your demand
that I should now reveal the location OF
the "three new b~ouanzas," in the presence
Of tho dire disaster which has recently
o~vertakcn victimized holders OF Comstock
shares. most sincerely wish l could feei
myself at liberty to do 10, but the reasons
still exist which governed me when writing
you on the 2ist ultimo, a. follows
The hiring OF q hall was contingent
upon no development being made IN any
one OF the three new bonanzas within u
reasonable time. I am still convinced, as
stated 10 your stock editor on tho 10th
uitimo, that developments will be made
AL. .Sammsr, and that we shall have, de-
spite present appearances, . great market:
n, however. I find myself mistaken, i Will
then consider myself free from all ooilga-
tions Of secresy. and shall make publicly
q full and explicit statement. lhope earn
estly TO be spared this alternative. ~ my
inclination and instincts urge me to avoid
this course, except ne q dernier resort.
Yet, II forced 10 II. your correspondent
may find me quite as ardent As he could
wish in denuncisiion OF the wrongs en-
dured by stockholders.
And now, permit me to say that sun
adhere to the opinions and resolution
above set forth with as much tenacity ~
I do to my convictions that the three Do
nanzas can be uncovered whenever the
management 90 desire. When In the New
York Bullion Club l proclaimed the exis-
tence Of these b~onanzas. the proof then IN
nv possession was indubitable, and now
sec in the manipulation OF the market It's
strongest confirmation. / regard II, how
ever, a. fortunate that did not then name
the stocks embraced In those bonanzas, as
II I had. my motives would be open TO sus-
picion. besides, perhaps. causing those par
ticular stocks TO DO the focus OF uniriendiy
manipulation. Most joyfully wonld re-
lieve the perplexity which now possesses
the anxious hearts OF shareholders out'
unfortunately. IL Is not In my power 10
order the commencement OF crosscuttinB'
which would soon cause those hearts 10
Jump with e1hilaration and hope. let,
amidst the gloom which seems almost
universal. I would say: Be OF good cheer;
the dawn Of better times even now
broaketh.
All OF which reads fine enough. but
savors considerably OF humbug. A
mans opinion. publicly or privately ex-
pressed. ON mining matters, especially.
ID good enough so long as he gives the
reasons whereon those opinions are
predicated. otherwise they must be
olassed as merely shrewd guess work.
and entitled to bu, little weight or con-
s~ideration. The News is inclined to
believe tina, Mr.. Deane has been
blowing" a little in this matter. de
did so in New York for the sake OF NO.
toriety, and to impress the nahve VIII
a due degree Of respec, and eonsidera-
ton for the extent OF his great Com
stock mining knowledge acquired in the
Board OF Brokers. The history OF the
Comstock shows that in no case has any
extensive body OF ore ever been con-
cealed for any length Of time. Such a
thing is almost impossible to do. Good
ore is too scarce to be fooled with that
way. and mining companies are always
anxious to get their money back, or the
proceeds OF their investments, as soon
a. possible. None OF them are ever
willing to cover up and delay ore de-
vslopments. The chances are that Mt.
Deane has been deluded in this matter.