Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1880-11-21
BONDED MINES.
Triple Disasters Have
Many Good Mines Upon
h Market.

AAStkSbtES 4IHve
hr"w Many Good Mines Upon
h Market.
The day is not far distant when it will
be heard, and frequently too, II owned
the Peanut or the Poodle or some other
name by which mines in Eureka District
are known,-"only a few months or wears
ago and now look at it. The ID Yam
KEGS have got hold of it, and for less than
a song, and they have made a million out
OF it," We make the assertion that such
remarks will be heard, because it has been
so in every mining camp between the
Rockies and the Pacific Coast ever since
silver mining began to look up.
But more especially does the supposed
remarks apply to Eureka District. from
the fact that so many Of our citizens own
claims and prospects, and many of them
lost all by fire and flood.
There are many Eureka business men
struggling to rise once more, who have
lost, first, by food-in DAMAGES large
amount; second, the first fire wiped out
all above ground. Then the stone houses
and cellars were made to yield up, and the
sacks" partially held out to rebuild.
Nearly all of our business men who were
worth a few thousand in real and personal
property after the first fire. were forced to
shut down on their prospecting, and 'hard
times was tie result. Every one &C.
quainted with the history of Eureka since
one year ago last spring remember well
what q rush there was of unemployed men
from our camp to Yankee Fork, Montana,
Arizona, Colorado and other sections of
the country. That class of men were those
who had lost nearly all by the fire or were
Of the class employed by Eureka's bust.
ness men on individual prospects. The
fire of last August wiped out all of the
same class of 'rustlers," root and branch.
But they, knowing full well the worth of
this district in mineral wealth, have bor-
rowed and mortgaged-many of them
and now have elegant houses and good
stocks for the future trade. They are
crippled by these disasters, and the con-
sequence is that many agents in the East,
and good men from our midst are holding
Eureka District properties which are of
estimable value, under bonds for certain
periods. and they are bonded "away
down."
We can cite properties to-day which
Little Mac" has bonded for S., 900, and
in any camp where there was the least
mining excitement, it wonld require but a
trifing effort to get double the amount on
time.
Nearly all of the class OF Eurekans we
have mentioned-thc sufferers-are in the
same boat and Of that class who are al
most giving away properties, because they
cannot work them themselves. We know
of upwards of twenty mines that are
bonded for less than the actual expenses
which have been incurred on them in
hosting works, timbering and buildings.
Some of these same mines have yielded
fortunes, and o have good bodies of
low-grade ore in sight. These properties,
transferred into fresh hands and pushed
forward as they should be will amply repay
the investor.
No two or three furnace companies
should control the ore in Eureka. Every
furnace along the canyon should be run
ming to its full capacity, for there is ore.
and it is rich enough TO pay handsomely if
treated properly.