New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-03-17

Ex-senator J. i. Chailee president Of the Little
Pittsburg Mining Company, who has been ~ Green
Cove Springs Fla, for the last three weeks. ssls
from Savannah Tomorrow for NcwYork mucn i'm
proved in health. On hIs return. Nh ID. H. Moiiltt
jr.. president of the company, VIII start on
pleasure trip 20 the south
The latest adyices from the Climax Mine IRE en-
couraging.
The Cossetto Mining Company, whose property Is
located az Silver Ciy. New Mexico, has completed
its organization under Ncw-York state laws. Among
the subscribers and trustees are ID. = Appleton.
Nicholas Roth Samuel Mclean. william Remsen.
Hewlett scuddcr w p. Trow bridge +. Lawrence
II. Holbrook and William +. Morgan. The mine
cost S75 600 cash and the subscribers paid $4,000
additional as q working capital. Inc capital stock
is 500 COO divided into 10000 shares of $40 each.
Thus the company starts ont with every dollar OF
its stock fun pad. The sum OF T21,O0O VIII be
spent in developing the NINE and the promoters eX-
pcct that II VIII weld during the hrst year from 30
to 100 per cent on the capital stock. The conserya
tive character OF thls organization IS unique
The Dndcrberg Company are now working 10
men with this force they are getting the mine in
good shape, and expect to announce dividend in
April.
As stated in The tribune dispatches yesterday
one half Of the Tombstone Mill and Mining prop
erty in Arizona has been purchased by Hamilton
Disston. ex-Sherh Wright, b. i. Hart and other
Philadelphia capitalists who recently visited the
district and made thorough examination of the
property. New discoveries are constantly being
made IN the 1oughuut mine. Two mills are now
working the ore from TINS mine and more ma
chnery will soon be added. lac other mines of the
company require additional machinery 10 work
them successfully. although the prospects are good
After the LIST of May tine company expects 10 pay
regular monthly dividends of 100000. Ex-GOy-
ernOr \. r. X. Stafford is one Of the principal owners
of the mine. The company IS 10 be reorgamzcd at
once under the laws of NcwIOTk.
The NOhgVp Mining and Milling (OmDauV have
received Geographic advice of the arrival Of their
general manager and treasurer at the mines in
Arizona. Mr.. Chaplin, the treasurer. went ont well
supplied with funds. and the mines will be de-
vcl0ped as rapidly as possible The necessary
preparations have been made for receiving ma
chinerv which viii be erected under the direction
OF MajOE George ClendOI, VI. f.. the general man
agcr. Major ClendOn Is "a capable man, and until
recently was engaged upon thc mines Of The Messrs.
Scligman OF this city. Under his management It
is expected that the MINES will return large divi-
dcnds at an early dav.
The Robinson Mine Is shipping ore regularly, and
developments are advancing rapidly. Three roast
eTs will soon he in operation.
The superintendent Of the Maynower Consol-
datcd reports that the mine viii soon be in condi-
ton TO produce large quantities Of ore.
The Sarane Mining Company Yesterday received
a brick of silver from their mine at Silver Gin
which measures il y inches III length, BIG III width
and 3ll6 III depth, and 10 09S fiuc. The brick
weighs hfty.seyen pounds Troy and il valued M
$3.50. This is the product OF the first mill which
has been run mt Silver GIN, and the ore which il
chloride averages about forty ounces To the ton
Mr. G. b. Hanna, tine owner Of the Adcia silver
mill nj silver Cliffs now in the city. stouping AT
tbe ST. Nicholas Hotel, and has similar bar i'm his
possession, which weighs between flty-nine and
sixty pounds Troy.
The Spring Valley Hydraulic Gold Mining Com
pany received Their first dispatch yesterday since
/. the new organization. The lower stratum of blne
gravel which has heretofore been unworked Is pro-
during an unexpected quantity of coarse gold some
pieces weighing from one TO i've ounces. Hereto
lore the company has been working on surface dirt
where the yield was considerably less in value and
the gold much finer. The company has arranged
with the Edison Company to erect reduction works
ct Orovle near the Spring Valley property, and
work upon The mill will be commenced ~ about six
weeks under the supervision of Mr.. I. A. Edison.
Tic Russia Mine Is located on Mount Lincoln,
abOut 900 feet below the summit OF 1900 feet
above the sea level. This Is the highest nine ~ the
country, and owing to lts cXticmc elevation COM
municatlons with the lower world aro rare during
the Winter months. -Suppiics aie lGld in ABOUT De-
ccmbnr I sufficient 20 las! mtll june. Sixteen men
ye,opmeat iac ven los neatly nor lpntal. aud
the ore carrie, 10y Juj yellow copper, iron r.es
and lead.
The Plumas Company fad difficulty in keeping
roads open, but tnc superintendent at the mime re-
ports marked Improvement lI the quality Of the
ore from the west GTitt.
The new pump of the Joucs-Bonanzl is at Park
City, about two miles from the mine. As soon as
fine road can he cleared OF snow the pump VIII be IN
operation, when work viii be resumed and the mine
cleared of water The shaft is down 800 feet II IS
anticipated that the will be reached at 400 feet
If not sooner
The WinnebagO and o. H. Mining Company of
Colorado expect to hoist ore by the 1st of April
and ship continuously from that Date.
The Standby Company IS continuing work. and
now has about 5000 tons on the dump. The ma
chinery for the mine is snOwed-in few miles away.