Mexico weekly ledger., 1879-08-28
FROM COLORADO.


SILvERToN, Col, Aug. 18th, 70.
EDITOR LEDGER-Dear Sir: We
are now in the midst of a mining ex-
element, which reminds n very
much of the days of '49, when the
California fever was at its height.
During the last three years there has
been a few impecunious miners work
ing their yearly assessments on the
Dolores (about 20 miles distant from
Ophir), under the impression that the
formation contained "Carbonates."
The recent developments at Leadville
strengthened the opinion and led TO
renewed exertion, which eliminated
in disclosing large bodies of Scar
Donates which, ON being tested at
this place, gave mill runs Of from $50
to $50 or. Prominent amongst the
few developed claims were those
known as the "The Glasgow LOca-
TONS" situated on ''Nigger Baby"
mountain on the north side of the
Dolores river. Being On a visit to
that place some three weeks since,
and a%scertaining that parties from
Leadville, prominent amongst whom
were Rische the original locator of
the famous s'Little Pittsburgh" were
contesting Glasgow's right to the
claims, Mr.. Gentry CATER investiga-
ting the facts), concluded to purchase
a one-third interest and defend the
snit, which he did. The application
for an injunction and the appointment
of a receiver is 10 be tried at Del
Norte on the 25th of the present
month. A few days since, Senator
Jones, of Nevada, and party arrived
in our camp. We became acquaint-
ed with them and, on the facts being
presented to him. he concluded to
visit the Dolores and have the opin-
ion of his expert on the value of the
deposits. The party went down and
the result was the purchase of the
Glasgow and Humiston claims (Which
adjoin), for a cash consideration of
one hundred thousand dollars, taking
for the same a quit claim deed, and
assuming all responsibilities. By this
operation MI. Gentry clears twenty
thousand dollars. Jones and party,
after paying ten thousand dollars
down (the remainder to be paid on
or before the 18th day of November
next), left for California, leaving ev-
rything to be settled by Mr.. Gentry.
The papers are all signed, sealed and
delivered, and as 1 write, Mr.. Stay
maker (Mr. Gentry's lawyer), has
passed on horseback for Ouray to put
them on file, as the property is all in
Ouray county. The effects of the
above mentioned sale will be of I'M
told value to this section of the San
Juan country. The emigration thro'
our camp to the Dolores has been at
the rate of not less than fifty per day,
besides the numbers going in by 9TH
er routes. We are also informed by
parties just from the States that the
excitement is ever greater east than
here, and that we may reasonably n
ticipate q rush of not less than ten
thousand persons to this section dur
ing the remainder of the fall. If
some of your monied men had the
nerVe to invest and develop property
in this section they might reasonably
calculate on from n hundred to one
thousand per cent. return on the in
vestment, but they must not stop on
few hundred, but ''stand the hazard
of the dice" like men, for 1t takes a
bold operator to succeed-it won't
do for a dunghill to enter the pit.
To men of capital and nerve l will
say 'come," but to those who are
waiting for a ''sure thing" l will say
Swat" and when it comes along adj
wise me by first mail, and 1 will pub
lIsh the same tor the benefit of the
generation" of ''sure thing"
Yours, &c. G.. II. r.