Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1880-03-31

Lode.
People are clsmorous for . stock
market. The fact is. excitement below
or nc excitement below, there must be .
good development on the Comstock
before tho market will respond. People
have got tired Of good prospects,
merely. They have bought stocks on
"good prospects" long enough. A
good. prospect" market 10 one that can
bs easily broken. as has often been
proved OF late. Designers have but to
raid on IL and it gives away. This has
been done so often that people do not
care to DO victimized in that way any
more. GOOD prospects" are but a. .
rudy cheek. 1t needs . development
to shsw that Il 10 the glow OF health and
not tho hectic aush Of . slow con.
sumption.
The required. development must DO OF
. nature 80 positive that no n will
have any doubt as to it; one that even
the bears cannot pooh.pooh against and
DO accorded any measure Of belief. With
such . development on the Comstosk
there will be q corresponding market.
There is money enough on the coast
lying idle and seeking investment to
move II. Against such Q development
Kearney and his crew with all their
threats Of violence and endeavors at ad.
verso legislation would be powsrless. 1t
would silence agitation and vacate the
sand.iots quicker and moro e~ffectuslly
than can San Francisco's Citizens Pro-
t~ectivs Union.
But it may be asked. "whst chance
is there for such u development
There is every reason to believe that IL
will soon be- made in Sierra Nevada. In
Union. and it is likely to b found it,
Mexican and Ophir. 1t Is in view o!
this fact that men have invested In
north end stocks and are holding them
in spite Of vs,stious delays and trouble
some assessments.
But it takes as long again to hoist q
ton Of rock from the $500 level a. 1t did
from the 1850 level. and work at great
depths. with air oursss to DO formed
and water courses to be drained,
cannot be prosecuted a. rapidly as
nearer the surface. The reward. how.
ever, 10 promised to those who endure
unto the end. The millions OF John
Maekay and Colonel Fair and many 9th.
ers say = development such ~ is needed
will 10 made at the north end |; and now
that the Union pumps are nearly ready
to start. and the powerful engines at the
Union shaft and all the appliances there
for deep mining ars about to be freed Of
other work and turned to their intended
uses ; now that q year and . half have
been spent in preparations such a. the
world has never seen. he who grows
faint hearted deserves to lose.
The day OF fulhllment il doubtless q
little further away in Belcher. and as
suraness in regard to it are a. yet not
quite so positive as those at the north
end; still 1t is believed by those comps.
tent to judge to b good gamble that
such q development is awaiting pros
psctings there. Less still Ia known Of
Alta and Benton. aud an unexpected de-
lay rests upon those mines; but some
thing Of a development may be looked
for there.
The day Of fruition is likely 10 come
sooner or later to many other mines
along the lode. but such at present have
good prospects" merely. A develop.
men. market would. however, give men
courage and Lift even "good prospects
into greater favor. About all that can
DO done now Is to await Developments.
They will be made rs soon As 1t Is pos
| sible to make them.
Below We give our regular weekly
summary Of tho latest and most correct
mining information, derived from official
and authentic sources, showing the stu
alton Of each mine today up to the
time OF going to press:
sisrrs Nevada.
On the $500 level and from q point
COO feet north OF the east shaft q cross.
cut has been started west. This will be
pushed till the wsst wall Of the vein is
found, whom the angle Of its dip will be
s.csrtainsd and a raise made to the main
shaft OF the mine. The important
developments likely to be made in this
part OF the mine render such Q oonnse
| lion q necessity. Opposite this west
| crosscut another has been started east
to prospect the ore vein lying in that
direction. Tbs vest clay Of the vein is
| found ct the commencement OF this east
crosscut, and il 10 expected that the
| crosscut itself will determine the point
as u whether the vein IL enlarging a. 1t
runs north. or merely swinging to the
west. There 10 in this part OF the mine
q nns formation OF clay, quartz and por'
pbyry. which promises well. and the
vein 10 certainly stronger and better
than where the ore was encountered In
the two crosscuts further south. On the
24O0 level Q chamber has been cut out
under the east shaft and q raise started to
connect with 1t on the level above. This
connection will give needed ventilation
and facilitate operations on the lower
level. The Wine from the 2iOO level
and l45 feet north Of the incline Is In
GOOD ore. the bottom 81 feet below that
isysl. Above the $500 level and back Of
The incline, Slopes have been opened.
| which are Welding Is tons per day Of