Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1880-08-08


The why's and the wherefsres Of
C~hryso1ffess Collapse n the
Scare I'm Little Chief.
ID. r. verdenal in Boston Advertiser.l
The more remarkable evidence Of Chrys-
olits's depressed status is found in an in
tsrview with I. N. Taylor. the we'll known
mining engineer. The substance Of the in
terview is that Mr.. Taylor went out to
Lesdville in May last, and examined the
Ohrysolite and Little Chief properties at
the request Of George d. Roberts; that he
reported to Mr.. Roberts that there were
about s2OO, 900 in sight in the old workings;
that they were sinking for 9 new level-the
third-and that no n could tell what the
third would produce. That in Little
Chief there were three times as much ore
"in sight as in Chrysolite, or about $780,
900. Taylor reported these estimates to Rob-
erts, who laughed and answered: "You are
very much mistaken in your estimates this
time. Look at Peymond's estimate-$7,-
DOC, 900 in sight. Taylor, you are too much
OF . bear on Colorado; you had better go
West and start . potato ranch" Taylor
said the other day, when Chrysolite was
selling at 81 "Well, / went West ON my
own hook, and got one Of the biggest mines
in the world in Mexico; then I came East
again, and Just in time to see daylight
mashed out Of C~hrysolite. l guess they'll
find I wasn't far out Of the way" II is an
open secret that the third level is q COM
parative failure, and Chrysolite must seek
treasures new.
But the worst feature OF the business is
the report made by Professor Rossiter W.
Raymond in May last, when incidentally
he made q careful visit Of inspection to the
mine, and reported in his own journal,
over his own signature, 81, 000, 900 in sight
Stretch, . California Professor" had pre-
viously reported SIC, zoo, 900 in sight. and
goodness knows how much Reyes and Low
sighted. Raymond's estimate was con-
sentative enough under the circumstances,
and no wonder Mr.. Roberts preferred tax
ing his estimate to Taylor's. The question
is, what has become Of Raymond's seven
millions Of ore in sight, Taylor's two hun
bred thousand being easily accounted for.
Professor Raymond this morning reasserts
his former opinion, and says he has moth
ing to take back, while his friend Abram 8.
Hewitt. who has on his judgment bought
some rs, 900 shares Of stock, doesn't care
about buying the whole mine; besides. he
is somewhat occupied in running the Han
cock boom.
While Chrysolite is in the tolls md be-
ing hammered by Gill and his followers,
Little Chief is pretty much in the same
boat. Last Saturday-just before the
crash-Chrysolite sold at $9A, with Little
Chief q good second at S7A. During the
week Chrysolite has sold down to $6k and
Chief to S4k. If some Marc Anthony
would arise in the stock forum, what an
Grafton he could deliver on the text, "What
. fall was there, my brother OPERATOR
Why Little Chief should have tumbled so
it is hard to conceive, in the face Of this
splendid record. But stocks are very much
like . row of bricks set on end-you let one
topple over and the whole row comes down
with q rush. It's bad policy, they say, of
swapping horses while crossing a stream,
and 1t would seem to be equally bad policy
to swap officers in squally times, and the
change in the officers at the present time
does the mass of stockholders no good, even
while satisfying the spleen Of vanity of a
few. The output Of Little Chief continues
about the same. although, judging from
Mr.. Manager Days last official letter, it
will be scrating gravel for the mine to pay
q dividend of 500, 900 for July. But there
is no evidence that smaller dividends can
be paid for some time to come.