New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-07-29
Mining.

cuated street" by those bandits VINO make n'eh
hood by preying upon the weak and timld.
Al an original property and as promoter
Of the enterprise my interest and duty led mo TO seek or
all obianable time OF purchase as 10 us
value and having acted officer Of the Company for
nine months OF Its existence. have come IN oontao'
competent mining men, probably than any o'ne o"0
person ,
Ana Of all ,uch men and OF all men the mines
with whom have talked corresponded or whose euers
have heard Of whose statements have peen to
peaed to have or express opinions
with hereports Of the experts who reported
mines. the Of the Company NJ Le"aVne
creeping only those persons who VIGOROUSLY engaged
shortng" depreciatng the stock in the Market ana
their employees
These persons few in number but active
proclaim titles bad and the mines dug out ana the
property worthless Though the acres nearly
xty yet touched and the Company mas
U. s. patents
NOW against these reckless assertions rresponsby made
by private letters and kilograms usually without signature
shown BY conden ay beg to present to
you few Of published reports OF the most
distinguished scientific mining engineers and metauss's
OF the world and the ablest practical miners OF America
And the OF character recalls remark made 70 me
by ceverest bank officers in New York. who
said nothing about your mine but 1t Ia curious
that all good It's good and all the bad men say
it's bad"
With these exceptions the reports statements and es
Official and personal paid for and voluntary cienihc
practical and commercial been all in continuous har
mony praise from rst knowledge OF the mines In Au
gust 1879, mp to the present time.
The property 81 acres purchased from Borden TABOR
Co. in for so $4,000 three of the four owners
taking Tabor OF quarter pre-
feing taking quarter OF the 100000 shares OF mo
company say 90 900 shares Of which he is today to my
knowledge the owner OF 45, 900 shares.
The stock given to subscribers at the net cost Of
property SIS 49, finally paid cost them $40
share.
The mines were examined professionally for purchase, not
for SALE by the GLOWING mining engineers-the highest In
the profession:
Frs-By Professor Rossiter W. RAYMOND in Juno when
ming Fryer Hl. ills estimate was then SsOO,OOO IN
4 acres Of the 81 acres
Secondly General ]. b. Low, Me, In September 1871
who reported length, ana
ms 10 the sufficiently developed by present
workings render its presence ana value practically GER
tain would say that have spent much time and labor max
inc three diGrcat critical examinations and II firm con-
that with proper machinery and experienced aud in
tgent mauage this property should be made to net
per month for two with fair prospect Of
conuu NJ than double that length Of time. This
estimate already developed not 10 exceed
nearly sxtyve acres tor future develop
ment within which space is reasonable to suppose that
other large deposits will yet be discovered fom
which a still greater amount m y be realized
a quiet peacea5le possession add much TO the
OF these cam the COMPANY having secured them
Sc yes against any probable BY purchase and com.
promise
7ird-By Professor g Reyes in September, 1879 who
February september carefully nad "hJ'neu
velopments which deeply sting TO him from bis
exceptional familiarity with the serlead formations OF the
and his great experience in mining and reducing
these the manager Of the Eureka:
He makesan elaborate report in which he ssysi
proper to OF this space proven
to be Oebearng-vz six hundred by three hundred feet
add the grouni developed by Vuture Shaft
No drift extends-viz. about two hundred
Chysote and westerly tbererom about three
hundred Within this there which, from past
experience shOnd the pine which
miner familiar with this formation would properly denomi
nate ght This space Of ground VIII not embrace
more OF the surface area OF the property Fur
Their on of the prospective value OF the remain
der OF the ground
In conclusion will that the PROPERTY Of e Chryso
ts Silver MinnG ComDanu my OPINION stands pithOm
rfual among the stu r.Iead deposits Of ADleriea."
At this time-september las-carefu examinations
made by Prof w. r. Blake p Mckay NJ E. and others and
though employed therefor and written reports were re-
ceivcd they fully confirmed verbally the reports OF Reyes
Raymond and Low
For-The Company being organized, Prof W. B. Reyes
was soec led as sverlead mine in the
country He assumed control OF the mines on
tho nth October months later December 17th
made report, giving in detail the working
product and condition of the mne together With the large
orKng map now IN NewYork office. showing the under
ground done which by weekly racn sent from Lead
ve gives NewYork office from week to week the
act progress OF shafts. levels drifts WINES cross
GUS aud stoppgs
Professor Reyes says. in concluson for the first two
months:
We have extracted thngover $500 600 value and
placed s0t three dollars erery dollar taken out
as GOO showing for sixty days work. wiIh nadeqnaie
machinery and mperiecty opened drifts The bare
statement OF fact needs Il ument.
II viii before closing to the proposed plan
The property from north to south is almost
lis width, north of SQUARE "a. IS 1000. and
south theefrom 500 tee Hence we must run our mann
oVsI 'VOO o" the '' ''' anu - "''"'' 0H 'H'
parallel galleries $50
do tbs work require less than years.
G @rccs % ne d s0
% 70 as% o SsSfas ;%s "ns
S Ss and SproSG5e yare sa, stands ca" SaCu
Tro G@onssi 6Is siUeSeGd deposit Of dnertea"
u George Pay En- ISS SSr and 1nS
wrote 70 one OF the Chrysote follows:
,r.rv OFFICE = &c OF GEORGE aS"S. DslI Is7o
DEAR ss l. have ms Gay examined Inc
grade exposed sufficient IN my opinion to
.%a proportion 1' q Onnd has been
Sred only about Tour ana tS S
You have certainly the foremost mine OF this dis
np is output can be limited only by hosting capacity
asy sso% n asS ve Ss h SSs c
IN my bulk and the vein shows great width
10 sS re and Gsye% BY
n he most thoToIsR manner and FAR for every ton Of
he has he has at Least tree II is
mine Very truly yours a., ,. GO. DAILY.
published favorable Development anu IN
Of the 9th January after speaking strongly
The prospects he says
my Official letters oonfne myself to bare, bald facts
wish to Of exaggerat0n but these dig
Dgs VIII yet surprise body They have turned
admirably will make history"
reports that Colonel Tappan Waited the
On February llth-
Average sample b. %. 23O silver. nearly
acrosdIf, anc breasthgb well underf0ot this 10 a
portion Of 45fOot bonanza. 1t important"
private letter. date tho subscriber he
" The Chrysolte property Is magnificent"
February To- In personal letter to or the Trustees
Mr.. Reyes says;
took Mr. Ewing IN E.) through the Chrysolite deNngs
amazed delighted with the showing Of
ore"
engine will be running this week and only lack
81 the south AMI 80 feet on the west
troubles VIII be
Three will It, Our engine 10 capable OF raising
1000 tons
n Mon.d your the deveopment north