Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1880-06-26

lower Broadway, Just below Wall street.
the former extending back to New street
and the offices of the brokers are in tbs
immediate vicinity or in the Boreel build
ing, couple of blocks above. The mem
bers of the old Board are not al
lowed, under the rules of the Stock
Exchange, to have any connection with 1t;
new neighbor over the way But | under
stand that mine owners and spectators car
get their property ON the lists OF the old
Board under these same rules much more
advantageously than on those OF the new,
and so far very little business has fallen
into the hands Of the American Exchange.
latter, but knowing ones say they are
washed" and afford no criterion o.
business. On Monday the transactions
amounted to 4, 400 shares, as reported. The
aggregate membership of the two exchanges
is now about 600, and it is estimated that
to support this number pay office rent,
clerk hire, fees, stationery, ETC.. will re-
quire commission business, if commits
sions alone are to be relied upon, of So, 00C
per day.
A MINING INVESTMENT COMPANY wITH
FEW INVESTMENTS.
The United States Mining Investment
Company is another of our institution:
that has California connection, if not 8
California origin, and therefore deserves 8
passing notice. 1t was organized last
winter during the temporary mining craze
and when there was an appearance OF flush
times in mining stocks and New York wa;
filed with Colorado and other Western
spectators seeking capital to aid in the
development of newly -discovered bonanZas.
The founder is Edward Bates Dorsey, 9
mining engineer and expert, who has Wis
tied nearly every known mineral region Of
good and bad repute in North and South
America. His large experience and in
formation, combined with very conserv
ative ideas about mining properties,
were called into action during the briei
excitement over mining investments here,
and believing that 1t was the beginning Of
new career for mining interests, ne asso
ciated with himself number of our lead
ing bankers and capitalists, and organized
the Mining Investment Company of which
he is the President. Their business is tC
and if satisfied with them to place them on
the market. They have handsome Offices
on Broadway, near the Mining Exchanges
but like the latter are not at present over.
burdened with business. In fact, they
have been so exceedingly cautious and con
sentative in their operations thus far that
they may possibly have aided in depressing
the rising enthusiasm of last spring, and
sown the seeds of some of the distrust
with which mining speculations are
now regarded. One of the officers
of this company told me that
the offers of mines and applications for aid
from their organization already reached
five thousand. That they had examined a
large number and had accepted only half a
dozen. They consider their Spring Valley
property. on Feather river, the most val
liable gold mine on their lists. The num-
Der of wild cat and worthless mining
claims brought to their attention from all
parts of the West are almost incredible.
1t is needless to say that this company
charges good round commission for exam
inIng a nine, and only touches those that
can afford to pay them well, and give good
promise of proving valuable.
cALIFoRNIAEs IN NEW YORK
Have their favorite hotels here, and these
appear to be the Windsor for the very
swell class, the BrunsYick-aiso a
" nobby resort-the st. James, the Stur-
tevant and the Gilsey. Perhaps the Sturte.
want, kept by the Lelands, is the most
popular. OF course large majority OF
Californians now stopping in New York
are here to ''place mining properties.
gathered the names of some of them day
or two since. and there are doubtless many
more. j. G. Flood is at the Windsor, and
supposed to be making preparations for the
wedding of his daughter to young Grant
A curious rumor was heard in Wall street
yesterday, connecting Flood with Mr.. Til
den in the purchase of the Sutro Tunnel.
The following names of California and Ne
vada mining operators now here will be
recognized by many of your readers; Jos.
G. English, of San Francisco, said to have
recently disposed OF a valuable mine John
Landers, chief owner of the Andes and
other Comstock mines D. T. Verdinal,
Archie Borland, formerly of the Comstock,
but latterly interested in the Father de
Smet mine III the Black Hills; j. w.
Gashwiler, largely interested in California
and Black Hill properties; Pierre Hum
bert, Jr., of Humbert Bros, San Fran
cisco VIM. F. Scbafer interested with
George d. Day David Ferris L. NJ. Pearl
man, A. P. Minear, C. +. Hobbs, J. H.
Pritcbard, f. A Haight John Shaw, VIM.
NJ Lent, John Boyd and g. b. McAneny,
connected with Lent; Joel P. Whitney,
James Roundtree, Ed. Taylor, B. b.
Miner, interested with Harper in Bodie
property; Eugene f. Dewey, Warren R,
Payne and Theo. F. Payne, the last three,
sons of the early San Francisco auctioneers,
Payne & Dewey; Ford H. Rogers, George
e. Roger and r. L. Ogden, the latter one
OF earliest of your g Forty-niners." The
above are few Of the ex-residents of your
State HOW here. Il.