Daily Los Angeles herald. [microfilm reel] (Los Angeles [Calif.]) 1876-1884, 1879-06-27
Asissas she New Bosmnxa-Thss Sill
YER King.


large number Of people who are in.
terested in developments in that
territory. Col. Barney informed us
that while the towns just now
are dull there is a gratifying activ-
ity in the quarter in which it ought |
to be apparent-in the mines them
selves. Prospectors are scattered
broadcast, and they are doing ex-
cellent work, which will tell in the |
future. The forwarding house of J. |
NJ. Barney & Co. have lately sent
~ many as ten quartz mills to va
rious sections OF the territory,
principally to Cedar Valley, tue
neig hborhood of Prescott and the
country east and southeast of Tue.
son. From careful observation he
II satisfied that Arizona will this
year yield fully SD, 900. 900 in bullion,
and he regards it as the best region,
for the next five years. for men of
capital and practical miners, on
the American continent.
Before noting q number Of the
salient and gratifying features of
the territory, 1t is well to give heed
to two draw backs. The first is the
fact that quite a number If sharp
ers, with little practical experience
and capabilities, but an infinity OF
cheek, have lured investors into
schemes that cannot, in the nature
Of things, pay. These gentry will
exhaust their ability for mischief
In the next six months. The
slight reaction which will probably
arise from their operations will
really have beneficial result In
the end, as it will lead people who
engage in mining enterprises in Ar.
i4ona to observe the same BUSH
ness prudence and circumspection
In such ventures as characterize
their other operations. The second
drawback is that Arizona is strictly
and entirely region to which
only persons of means and special
skill Ia mining should resort. For
the ordinary laborer there is no
nsld, while provisions and living
are necessarily high.
In Arizona to-day there are quite
. number of regions in which con.
siderable capital and solid effort
are being devoted to purposes OF
development. Tiptop, in the
nsighborhood of Prescott. is loom.
Ing up formidably. Energy and
capital are both being employed in
the development of the Tom bstone
district, from which heavy bullion
shipments are now being received.
30 of quite a number of other
camps, of which Cedar Valley, on
the Colorado, is beginning to at.
tract marked attention. The Syn
dictate, composed of the Rough
Cuss, Tough Nut and Lucky Cuss,
which deserves mention on
other grounds than the singularity
Of these names, of which ex-Gov.
Stafford is the head, deserves men,
ton as bringing forward the Tomb
stone district as pronounced pro-
Queer of bullion.
Col. Barney, as was fitting, spoke
Of the wonderful Silver King
mine, in the stock Of which he Ia q
large holder, with diffidence. The
King was discovered in 1875; and,
after the usual struggles with diff.
culties OF transportation, Arizona
then depending solely on mule
teams, the unusual richness of its
ores began to attract attention.
Before its Incorporation this mine
yielded net $3.50, 900; since its in.
corporation it has dispensed $780,
600 in dividends. In addition to
this superb showing, fully 500, 900
have been expended in machinery.
It's status now renders it one of the
most interesting mines on the
American continent. 1t Is not too
much to say that il it were located
on the Comstock Its shares would
be sellisg, aud with warrant, for
more than was commanded by
the Sierra Nevada during the
palmy days of the excitement last
fall.
The Silver King suspended divi-
bends In October last. The only
astonishing thing is that, In a re-
gion which was 80 expensive to
mine In as Arizona before the com.
pletlon of the Southern Pacific to
the Colorado, and with mine
which has only attained the tri.
ding depth of 257 feet, 1t was ever
able to pay any. 1t is now in a
condition toyield bullion at a most
gratifying rate, and dividends will
shortly be resumed. A three com.
partment shaft has just been COM
pleted in which the hosting will
be done by steam. Competent
miners declare that two and half
million dollars are in sight at this
inconsiderable depth, in the old
workings. The lode runs east and
west at an angle OF thirty degrees,
dipping to the north. The old
workings are on an incline on the
foot wall, following it from the
groupings down. The new three |
compartment shaft has been sunk |
and is now down To a /