Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1879-12-03
InPoRrANr MISlxe CHANCES.

Arm to Alvinza haywafu Ano noostt ~.
Graves. although somewhat Of q sur
prise to most people in this section. wn
not altogether unanticipated. Both Of
these mines have been pretty heavy
loads to carry for the last three or four
years especially, and the BONANZA firm
have shown Q disposition Of late to con-
tract the sphere Of their operations and
pay more attention to the more remunsr-
alive prospects at the north end OF the
lode. II 10 also whispered that this
change was not altogether voluntary on
their part: that they did not oil them
selves hold the control even at the last
meeting. The idea Is also advanced that
Coll Deans and his friends In some way
instisatsd and engineered the change;
also that the BONANZA firm made the
change merely in order to dodge the
issue forced upon them regarding the
immediate development OF those Coll
peans bonanrss. The proposition Is
simply unreasonable and absurd.
By some Il II also argued that this sale
ON the part Of the BONANZA Arm indi.
Gates q lack Of faith in their being able
to And rsmunsrativs ore deposits. In
those mines. therefore they arc glad to
get nd Of them. but q an Offset to this
idea Il must bs borne In mind that Hay.
ward and Graves are old Comstocksrs OF
long and extensive experiences In minss
aud mine management. They certainly
70 into this arrangement with their eyes
open. knowing well what they ara buy.
ing and what they arc about. Both are
shrswd and successful fnancisrs and
operators. Graves was very successful
. Comstock mining superintendent.
and II will DO borne in mind that Hay
ward stepped in and quietly secured the
control OF Crown Point when the stock
was selling at - 80 per share (old
shares) with q 81 assessment upon 1t,
opened . big bonanza, rescindsd the
assessment. run the stock up into the
thousands and went to paying dividends.
Who knows that this change may not
bring big luck to both Yellow Jacket
and Hale 4 Norcrossf At any rate the
change Ii . hopeful one. and II Coll
Dssas can come in also and help out
With his alleged BONANZA knowledge
nov In his opportunity and any fsvon
in that line will be gratefully received
BY stockholders and the people
generally. 1t 10 not well that any one
powerful ring or moneyed power should
control the Comstock. The moro rings
che better. Stockholders can hereafter
have the satisfaction OF growing at
somebody beside the bonanza Arm. The
San Francisco Post Of yesterday has the
following on the subject:
For some timo past . rumor has been
current that the arm Of J. @. Flood 4 Co.
vas preparing to reduce its interests In
the mines Of the Comstock lode. The
Poet on several occasions has alluded to
the subject. and has presented many things
showing that the rumor was well founded.
Yesterday certain transactions were con-
---.sl -kt.k prava that nnr f0ntRG-
lures were correct. Mr.. Flood. In behalf
Of his Arm. has disposed OF the control
Of two prominent mines. aud II Ia
reported. though not confirmed. mat
other mines now under the charge Of
the bonanza people. will shortly pass into
other hands. The mines, whose control
wss disposed Of yesterday. we're the
Yellow Jacket aud the Hale i Norcross.
The Yellow Jacket mine passes under
the management Of Robert ". Graves and
william 8. Lyle. both OF whom are prom.
inent In our mining world. The Hale q
Norcross management 10 taken oy Aivinfa
Hayward, the ~well-known capitalist who
had control Of the property In earlier days.
The consideration named In the transfer
Of these two mines has not been made
public, but the BONANZA frm are thought
70 have held largely In the shares OF each,
and. II the purchases were genuine, . big
sum Of money. or ito equivalent. must
have been given. The sales are bona fde,
for Mr.. Flood personally confirms them.
This morning the Post representative
met Messrs. Hayward and Graves In com.
psny, and asked them what they intended
70 do with their newly-acquired properties.
Mr.. Hayward said his frst step would DO
70 dissolve the present Board Of Directors
in the Hale 4 Norcross and appoint his
own men In their stead. For this purpose
10 bad ordered . meeting to DO held this
afternoon, when the change would be
effected, and be would take formal charge
Of the Affairs Of the company. His next
move would DO 10 Virginia City, where he
should make the requisite changes among
the oficers, and decide upon certain other
matters concerning the development Of the
mine. Mr.. Graves said he should pursue
. similar course with the Yellow Jacket
Company. This company, having It's
headquarters at Gold Hill. IL would be
nscessary for him to 60 there to change
the Board Of Directors. He intended to
70 this afternoon or tomorrow. but ct Mt.
Haywsrd's solicitation he concluded to
walt until Saturday. whom both will 90 In
company.
Nsither Of these gentlemen WAS yet
prepared TO make public their plan Of fu-
turs operations In the mines. The dn-
posal Of the control Of the Hale 4 Nor.
cross and Yellow Jacket mines BY the Bo-
nanra arm excited much comment on the
street this morning. and theories were nu-
merous a. to the motives for such . course.
IA a -.ss~ Ill. lz-.,.- NkaN NJ EINa1