, 1879-06-03

uf letcVrhphc transfers Of money q tapltAlfst
can operate Will, ti,e same facility IN Hong Kong
or Melbourne rs IN New York or Ch!eago. The
rcal rtaeoh IL, TINT. wcre the Stnck Boards re-.
moved frtm San Frnncisct,, nas,Iptlatnrs could
no Longer LUX for their support from the seFr.
mt girls, lahorers. mil smntl trnllchmcn Of that
City, u,nt ths, lIlry woulu INV wllIing)y give up.
It IS proposed. therefore, to gctuvc the margin
clause In thu Constitution BY allowing custotn'
erf TO pay Tor 10 pcr cont Of their atocks In MI
each bfokers - ofiiss st whose c,,stoi"c5s nay re-
ce!ve luans OF 20 per cent by hypotllcchtluE
thclr uewly-acqufred stocks, afd thus al.
lowing matters to rEtnnln practically as
ant at ovrr tic idea .tat TIC Stock Gusncss viii "c
trunsferrcd to that city. aud sprak With pride of
several brokers there making 800 d tIuv rom
missions. III times Of excitement San Ffnneisc0
brokers mako ten times and even twenty times
that amount; ni1 aH for Stuck Doards being
transferred 70 the East, Chicago would APPEAR
to stand fully a. good chance in such case,
being Situated 40 much tlfarcr t1o mining re-
eions Of Nevada, California;. Hltl Arlzonn than
New York. For The present. how ever, one need
scarcely antteipato any change bcyoud the rein
corporptton Of the bulk uf tlir companies under
Tho laws OK Nevada, with a view 10 escape thc
extra tnxniloM provided for by the California
rated under Ncga.la Iaws from the i'rst, md ~
evcry CON pany necessarily has mn 0ilicc botn
here and In san Francisco, the trunsfer would
really amount to very little. There can be no
1U4vk lk3tt lS Hk VTEdtNk EollAuEtGlAj
THE DEVELOPMENT or THE MINES
IA being proceeded with IN n far more legitimate
md economical manner than crcr before. In
the early heys uf TIC cutnstoek tneu ttuney
eonlbtil tho uarth IN Al directions. n1ld grabbed
ut any GUne]lcs OF orc, no matter Whcr0 found.
larry built towns IN the worid; anu even when
on U street.-The chief business strect--unu llAs
constantly to make circuit 10 avoid descent
into the rayfnc, while the third stories of lhe
the sidewalk OH tbs naIn therouetfare. No
wonticr that the city should 1e contlnuallv
sinking, nrd that Col. Fatf Should htmi the TX
pense Of maintaining his tol-road n& DEVILS
Hate 80 great that he has to charge every We
hfclt 10 cunts for traycrs!ng It. Experience has
taught the mine managers that 1t Ia uscfess to
look for orc boyond the sycnite md tracbYte
formation to The westward, aud hence. when
this western wall fs reached they burrow no
further in TINT direction, but pursue patiently
to the eastward tho Comstock lnde with its
spurs, dips and angles. Recognizing tic falsc
conclusions they llayo arrived ut by free use
Of The diamond drill. they have laid IL aside.
exccpt In order to nscertatn the amount Ut
water beneath and conHnu themselves to the
simple nur'cgn drill an1 blasting. In word,
while admitting that mining Is to great
extent matter Of chance, they hold TINT BY the
due exercise Of jutgnuut the chances may be
greatly lesscned. Just IS Wtru, In playlHg cards,
the postlion Ut tic cards after shul!lfng may be
q iintttr Of chance, but the manner IN which
they are played !eavcs rootu for Individual skill
and Judgment Doubtless, rs science uroeresscs,
new inyentions and Iaoor-sarinR machinery will
bo utilized, and there cao hardly bu doubt
That ere long tlie electric light will be adopted
rs an tllunlinator Iii the mines To one familiar
uuly with coal mines, It might cause astonish-
tneft to notice men smoking in the lower loyels
Of the Comstock, but experience seems to show
that thcru is no danger to b. npprchcnded from
f1re-damp. The great enemy the managers hnve
to contend with Is water, and thus The first
thing 10 bo done on reaching lower level Is to
establish tank to absorb the 8ecthlng liquid.
Once the Sutrp tunnel in good working ordrr,
the number Of meu on the lower levels Of the
tniues can be largely increased, md, as It Is eal
culatcd that sinft can be readily sunk four
,tsld q bali feet day, there seems no reason why,
II the tunnel accomplish Its object some Of 1fe
mines Should hot d year from now Do three-
quarters Of mitu below tl.a surfaee.
TIE DEPTH At PRESENT ATTAINED
by the leading miues is as fol1owB: