New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-03-29
THE SCIRO Tunnel.
OPINIONS ~ TO IT'S FUTURE.

SENATOR JONES AND THEODORE ,UrRo.
To me Edttor Of The TrtbWHe
SIR: l. It possible 70 arrive at any safe estimate
of he value Of the stock Of the Suro Tunnel Com
pany7 Many have bought TINS stock from 3 to Ga
1t has been steadily declining for nearly four
months aud to-day il plentiful at %. knowing
your facilities for getting at bottom facts OF such
matters. take tie liberty Of address ng You. Your
reply wi be II great interest to many. Jim.
Ne,c- York. March -. 1850
TRIBUNE reporters have obtained from Sen
Il Nevada. ,Dh Theodore sutro, brotncr II
The j ctor " the tunnel, their view, 10 toe prop
crty Ine,e views differ IN essential points. but they
throw nlnt on the condition OF affairs.
senator Jones wheu asked for his opinion concerning
TIE present and prospective value Of Tunnel
stock. said: 81" Is purely question Of the development
OF tle mines OF the C0m>t0ck Lode. The Tunpel
Company aud of the leading mines the
Cousock lave arranged tariff by which the niucs pay
n royalty 90 81 per all which they produce
averaging $50 ton over The value OF the tunnel
company ock depends entirely The discoveries
which are made the C0mstOck mincs. II
they strike bonarzIs TIE stock OF
the tunnel company VIII lee valuable. hut only in that
ease The principal vaue Of the tunnel to the
consists much IN carrying from the mines
I'm great waste pine, 50 to speak. for the
water ncn can only be raised from depth of about
1900 or 1000 feet, except at great expense.
The tunnel will enable the to raise tho
water from q great depth below the tunuel
level II was thought when the tunnel first pro
ieccd that would be used for carrying from
uiaes 10 tho mouth OF the tunnel on The river, but
think II now agreed that this idea l.
impracuoable because OF the great danger at
tending the OF engines at such a
deph Then thcre are no reduction works the mouth
OF the tunnel, aud ore II carried through IT,
would have To be Transported uD the MI to toe great
worEs there One OF ihcse alone cost over S6OoO 900
lac err If1 Al mo
mouth Of Lhe tunnel II Is far cheaper to raise he ore
to the surface through the shafts Of the mines than
would be to take 1t out through the tunnel"
THEODORE suTEo's VIEWS.
Theodore sutro. reply TO the inquiries Of the re-
porter SAID: think IN the price of Suro Tunnel
stock last Fan partly due TO accumulation hut manly
TO the tendency of the outside public ~ buy anything
that comparatively low, and gave promise OF an
early rise. The November stock panic cluscd every
thing to toppe, and that time suro Tunnel
stock has naturally declined Another reason
Tor decline that company Is
organized under the laws Of California.
and IKE all companies Incorporated under those laws
r. affected very seriously ny ue new Constitution. 40
least IN the eslim atom OF he general public The m
pany depends to a great extent upon me product
fntu re earnings when the tunnel shall be connected
wtn all the IL The lode Then It Will be practI-
cable 10 work the millions OF tons Of low grade |
ore through the tunnel at much less ex- |
The ore to the surface through tho mines. The !
company intends reduction works AT the mouth
do depend the quantity OF taken through the
tunnel Tor entire revenue. We derive the greater
part Of IL from The total amount OF taken |
from any mine on the Comslock. they paying III 81 on
every sssayng under $40. and 81 for each yield
Ing $40, which il an immense of revenue
As connected with the shafts OF the var
ous mining companies they begin TO pay ue a royalty
Judging from my own knowledge Of the matter and !
my taik- with scientific eypcrts. think that the
sources or the ComsOck are Inc Xhausble b-lieve 10
will be worked Tor generations 10 come, and that Do
nanzas will be struck from time 10 Time
80 The report that my brother Adolrh, the pro
iectOr OF the tunnel, carly last Winter dis
Ing Invested his entire wealth I'm The enterprise.
be did what think any prudent man would do under
the circumstanccsIcfuscd 10 stake ali his
IN one enterprise, and Drew out portion He sim owns
a considerable interest M the tunnel ! thnE lac
nm owns about wothrjs % his original shares Con
ceruing his resignation as Superintendent Mdrcn1,
NAV state that II principally caused by the fact
That ne has devoted 50 many yeUs 10 The hbOripus |
dulles 1T this mining work wncI cpupchcd Aim
10 reside large part Of tnr year IN
sevaaa. ana wnicn was very wearing llc !
was efore 20 rcuro from active duties. IL
I, true tai some feeling had arisen against lin, our 10
was based ensfcly uersona r. Jupds."
4 telegram from san Francisco anronuc'S iifi T. g.
Ihmnas OF the Ha'r aud Nnrcross MINI has been an
Dtut..i sup rnicndcutO .Ar 5I.fO Tunnel Company,
Ia Place %. AIoipu SUR
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Mr.. Franz, W. Clark sends $40 for the
.oDnI itlI D. fn.iaeciplia. Inc n'noAnt VIII be