Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1879-11-22
THREE BONANZAS.
Coll. Dtane Tells Where They Are Located.
His Arrangement of In Bonanza
Kings.


Union Hall was crowded To suffocation
last evening on the occasion of the meeting
announced by Coll Deane. a prominent
stock operator, for the purpose of telling
the public the location of three new bonan-
zas which he claims exist on the Comstock,
and of ~denouncing the management of the
mines controlled by J. G.. Flood and his
partners. Denis Kearney, who has for
several days announced his intention Of
breaking up the meeting, was present with
a large concourse of his followers from the
sand lots, and before the meeting was called
to order, rose in the body Of the house and
made an attempt to organize the meeting.
Confusion ensued, and Kearney was arrest
ed on a charge Of disturbing the meeting.
Mr.. Deane, in the opening, referred to his
speech some months ago before the Bullion
Club OF New York, in which he stated that
he would make known the whereabouts of
three bonanzas unless the management
speedily uncovered them. He deplored the
necessity OF carrying out his threat and of
censuring the men who had opportunities
for doing good, and j. G. Flood, the evil
genius Of the Bonanza firm. He then d.
lated at considerable length on an alleged
INSCRIPTIONS course Of Flood and his part
ners, and, after defending himself against
the charge Of being inspired by sinister
motives, proceeded to locate the three bo-
nanzas. The first he asserted to be in
Ophir, extending into Mexican, probably
into Union, and perhaps into Sierra Ne
aada. He advised nc one to buy on his
say so, as Flood would then, no doubt, in
fate the stocks, and, after unloading.
break them down and punish those fol-
lowing the speakers advice. He asserted
that the existence Of this bonanza ON the
2200 foot level Of the Mexican was known
to the bonanza firm two years ago,
but that the development in Sierra Nevada
was a surprise to them. The second boz
nanza, he asserted, was on the 2200-foot
level of the Hale & Norcross. He did not
know that it was a large one, and had
spoken OF it before the Bullion Club simply
as a good prospect. He denounced the
failure of Superintendent Deidesheimer of
the Hale & Norcross to inform ~stockhold-
ers in his official letter OF the recent strike
on the 2l00-foot level Of that mine. The
existence of this bonanza, he claimed, was
known four years ago by the bonanza firm.
The third bonanza he located in Yellow
Jacket, but did not state its whereabouts
definitely. He then alluded to Kearney's
threats to break up the meeting, and
claimed that he was acting in the interest
OF j. q. Flood. calling attention to the fact
that in all of kearney's denunciations OF
brokers, mining operators. etc., he had
~scrupulously avoided attacking the bonan-
"a firm. Referring to the Yellow Jacket
bonanza, he said his statements would be
fully borne out by explorations Of the
mine. and that it was a great mine. As for
proof of his assertion, he could not betray
the confidence OF his informants, but
would state as an earnest of his belief that
his wife had mortgaged her homestead to
carry that stock. He said let the manage
ment make cross-cuts where / will direct,
and il they fail to Uncover ore bodies, l
shall be covered with confusion, and
lose every dollar I possess in the
world. should they refuse to make
such cross-cuts it will devolve on the
stockholders to take strong measures to
obtain justice. He then proceeded to de-
nounee Flood in strong terms, citing in
stances OF the manner in which he had
duped his friends and the public in general
by giving out false information regarding
the conditions and prospects OF the mines
under his control, thus running thousands.
He intimated that the bonanza Arm waa
the agency which caused the failure OF the
Bank Of California. and compared Ralston
to Flood to the disadvantage Of the latter.
The rapacity OF these men, he continued,
should be M longer suffered, The press,
pulpit and public opinion should band to-
gether to check their lawless career. He
advocated the formation Of q combination
powerful enough to Aght the bonanza firm
Ia the market, and urges operators to en-
roll their names for that purpose. He then
gave Kearney q severe scoring for his action
In the premies, and concluded by appeals
TO the public to throw of the bondage OF
the bonanza firm. At the conclusionfof
Deane's address, resolutions were offered by
Mr.. Fay, d~enouncing the manner in which.
by the secret use Of the diamond drill, the
parposeful breaking OF pumping gear and
the flooding of mines, putting out false in
formation, and general Encouragement
and m~snipulations, the community has
been plundered, and protesting against the
abuse Of delegated power in the manage
ment Of mining properties, and urging, In
the event OF no reform being inaugurated,
that a general movement be organ
ICED to overthrow the oligarehy OF
the Nevada Bank. J. j. Tobin fol-
lowed, stating that this was the first OF a
series of meetings to be held with a view OF
effecting q reform in mining management.
He read a resolution providing for the or
ganization of a Legislative Commission to
take action on the subject, for awarding
the furnishing Of supplies TO the west
bidders, for insuring knowledge by stock
holders OF the results OF the explorations
with diamond drills. etc. Resolutions were
adopted by reclamation.
Beyond Kearney's proposal to organize
the meeting, there was no attempt at inter-
ruption. The remarks OF the speakers
we're frequently interrupted by applause,
but II wal evident that there was a strong
party present in opposition to those who
called the meeting. This wac evinced on
several occasions, notably on q vote called
for by Deane, as to whether Flood had pur-
sued the course Of an honest and public
spirited man. Although the majority
seemed to be with the speaker, 1t would be
difficult to determine whether the opposi-
ton to any extent consisted OF the solid
men present, or whether 1t was mainly ron
fined to Kearney's cohorts. Mr.. Deane,s
location Of the new bonanzas coincide with
the general opinion Of Pine street, hereto
fore expressed. but his failure to give his
authority for the statement naturally tend,
ed to weaken their force. The meeting, at
least, proved that there il a very large and
respectable element in the community
strongly hostile to the in which
the stock and mining affairs have been
conducted for years past, and are eager for
reform.