New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-12-27
g126.OOe.537


TotaI. go. 1855 6sI $50 S126OO9.537
The Treasury OF the United has Ia s vaults IN
gold com SI7I 5l7713. and IN silver cotn t5OO7Se2Oi
total s22l $50 333 From figures It seems that
gold holds the supremacy IN the ratio OF nearly to l.
and that the silver glat," much talked Of Iowa
DAYS. Is more imaginary tDan real.
During the fiscal year 1873, according 20 toe esti-
mates 81 ne DIRECTOR ne MN OF tne country 5sds -
snd OF silver $40 1854 For 1879 he estimates TIE
sr.u q. 10 % oo In as th prorf o. the Nevada
mines cniehy CONS ,ock lode was S47616eo3i and
vieldrd ss 76I3i4 and in 1879, SIi925,OOC Tue
dminution IN yield OF tue country niainy
,,ts mines. amounting to S2s fIes63.
But he spiri or prospecting has devised law OF com
comstock discover d; and when. after having
produced over S3OOOO0OOo. IFS shafts have reached
depth or 2o0O or SoOO ieet III se-fen OF ore u'Ies
when cannot be found, and when more collars are pat
INTO the MINES than can 90 go OUT tne AVS o.. hatIe
well "a or eeonnmv demsnd new u "a Ior enteI-
prise eaivile carbonate mines surprise the
increase OF over 100000 IN 1879. and "a them the
country loOGs for the silver bullion when Tie Conn
lake the Little Plttsburg for example, with rs eonsol
dated properties, the New Discovery, Winnemuck,
a D1es Every foot Of THIS area is probably
underlald with from four 10 thirty-nye ieet
OF aold mineral In nearly horizontal layers, al
Depth of from 90 200 feet below the surface. ana
every ton OF ore has an average net vane oi 20 Inc
holstng and pumping machinery; and the bullion 10
extracted By the simple process OF smetne Iae value
mated at about 100000 ana when the whole thirty
acres shall been cleared OF mineral, very nOder
are estimate dxes The net output a. not less than
The Consolidated Virginia and the California. the
great bonanza" mines or the COmstOck ode. paid In
dividends, 1879 S1350OO0 and e162O,OOo respsci-
lively. The Little PiusDurg group OF mines since Au-
gust 1879. have yielded TO tier owners mainly Ia
deyrlnpment work and opening the mines, about
80 100000 Alter the consolidation In April 1879, and
me- Nav g. fhe dividends declared amount to SSJOOOO,
amt the surplus crrated the zane per OIL amOuns 10
5000 900 or a total OF II O5O00O In other words. the
Little Pittsburg Consolidated. witn its shares selling at
cent per annum n cared for the pres
eit than the future the dyidrnds might be greatly
Increased by exnalsrng the reserves, Out DIVIDENDS
declared from developments work sOely pay oe-t IN the
end
In some OF the Leadylle mines II would seem that
there ar several LAYERS ~ veins lying abGye
the other aud n hi the value of the Ines Il lar
greater Than ha- estimated NJ Chafee. president
~ the Lutte Pirtsbnrg. received dispatch December
TO- saving in the New Discovery they had struck
body Of high de below the Oh level twelve feet
OF exTosed and not 10 he bottom vet" The al erin
tendent savs 81 look upOu she imp rtant lad
made upon the property for maus months For rbe
wee ending December 20 his mine snipoei 716
OF ORE received $40 500 and 400 tons unsettled for"
uar monthly dividend mo - ~ 100000.
II Ia not surprising, IN view OF tn rronts derived tat
merchants, capitalists ana business men Nre
investing en- mines. RI they have shown Partially 10
the feadville Il has been solely or
rhe Little PtsBurg Consolidated. for on FRYER Hill are
also the Aimee. the Cirysoliie Firwel's Little Cnef
and other good properties and IN Carbonate Hill
VILE mine and Iron Hill, Field Letters rich de-