Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1880-03-06
EASTERN MINING GOSSIP.
An Alert Correspondent Among the
Mining Men Of Gotham.
DISTINGUISHED STATESMEN
TRANSFORMED INTO
HONEST MINERS.
PACIFIC COASTERS IN NEW YORK.

The Great Excitement and other
Agossipy New York correspondent dishes
up the mining excitement in that city in
the following entertaining style:
Do you know how important a feature Of
| our financial operations the mining inter-
ests have become? And have you any con-
ception of the enormous increase in the
transactions in mineral stocks within the
past year? While the colored men and
women on the Southern plantations are
fleeing to Indiana and Kansas, to lay up for
themselves treasures on earth, the men in
Frisco, whose faces grew long as their
manipulations Of mines grew short Of
profit, have also got up IN exodus on their
own account, with this city as the new FL
dorado. Other people, too, from all parts
Of he country, are coming here to get q
share Of the millions which they are all
sure are in the mining speculation. The
excitement is partly due to the develop
ments Of really valuable mines and partly
to the fact that, now that Vanderbilt, Gould
| and half q dozen other men practically
own all the railroads, small operators have
to fight shy of the ring combinations,
which are only covers for the stragetic war;
fare Of the kings.
The Mining Exchange at No. 60 Broad
way, is only two years old. A year ago,
seats were a drug at 500; to-day they fetch
81 900. Jim Keene may be said to be the
pioneer among those adventurous FOULS
who have dared the perils Of Pullman cars
and the insidious horrors Of Chicago whis-
ky en- route, and have come from the peace
full Pacific coast to make their pile, or to
add to it, in the wilds Of Gotham. He is
reputed to have gathered in SIC, 600 900 as
q reward for his courage. He may be seen
at the Windsor any night, a giant among o
crowd of admiring pigmies. / am told
that Flood and Mackay, bonanzaists, are
also coming. d. 0. Mills. President Of the
Bank Of California, has bought a house on
Fifth avenue, opposite the Cathedral. He
is more interested in Misunderstanding in
the Vanderbilt combination-than in mines,
although his money was largely made in
the latter.
Acurious feature Of the excitement is the
large number Of prominent and ex-promi-
nent politicians and public men who have
caught the fever. Ex-senator Chaffee, Of
Colorado, is here. He is President of the
Little Pittsburg, and interested in several
others. Ex-senator Dorsey, of Arkansas,
has made n good thing of his operations in
Bull Domingo-S200, 900 or over. Ex-Sen-
ator Mcdonald, Of Arkansas, works up the
Leadville and Black Hills stocks. Ex-Sen-
ator Spencer, of Alabama, looks after the
Black Hills, where he has a round figure
invested in mines which are said to nave
lone the handsome thing by his bank ac-
count. Ex-senator Barnum, Of Connecti-
cnt, spends a day or two here every week.
He is President of the Bull Domingo, and
is interested in the Carbonated Hill, and
several other companies. Senator Jones,
of Nevada, who has lost a great deal Of
money, is said to be getting it back again,
and it is predicted he will be richer than
ever from his dealings in mines ard mining
stocks. This covers the list Of representa-
tives from the United States Senate Cham
Der, so far as l can at this moment recall
possibly some of them have got away.
Then we have Gen. Tom Ewing. l think
he is an Ohio man, or something of that
sort, and | nave heard he came here to seek
solace in the excitement Of the mining
stock Babel for having been defeated as q
candidate for Sheriff, or Governor, or Coun-
ty Clerk, or something. l don't believe
this can be more than a malicious lie, for
l never heard Of an Ohio mar who was ever
beaten for ~anything-did you? At any rate
he is now deep in Leadville. s. B. Elkins,
former delegate from New Mexico, las
pitched his tent here. He is very wealthy,
LILO Ouc VI thC ~ rCSt idiu-OWuCls III tuc
country, his property being located in New
Mexico. He is striking it rich in Colorado,
having cleared 81 900, 900 and upwards
within a twelvemonth.
George d. Roberts, resident agent in
New York Of the Bonanza firm, is said to
carry around in his vest pocket a letter of
credit from John W. Makay, authorizing
him to draw for So, 000, 900. One peculiar
thing about it. and n which shades my
mind with distrust as to the statement, is
the fact that he carries it about with him
and don't pull it out and have a swell din
ner at Delmonico's, or the Brunswick.
That's where Mr.. Roberts and yours truly
entertain radical differences Of opinion.
But for that, Mr.. Roberts appears to thor
oughly well understand what he is doing
in stocks. He bought the Chrysolite and
Little Chief Consolidated Mines and or
ganized the companies. They have been
the most useful in the market to date, hav-
ing paid big money to all who were lucky
enough to get in at the front door. They
say that Roberts, WHO has been here less
than a year, will no doubt have cleared
from $4, 200, 600 to So, 000. 900 by the end
of 1880. On Wednesday of last week he
organized a new company, and in less than
forty-fve minutes all the s~tock-par value
ST., 200, 000--was taken. The Chrysolite
pays $500, 600 in dividends every thirty
days on a capital stock Of $40, 900, 900, or
"a per cent. a year.
Governor Stafford, Of Arizona, has his
grip on the cheerfully named but other
wise bonanza mineral region OF Arizona,
known as the Tombstone District. Richard
C. Mccormick, Secretary of the Republi-
can National Committee, is President of
the Freeland mine-the one that Roberts
put on the market in forty-fve minutes, or
less, by the chronometer. l might go on
with the list OF prominent men who are
now operating here in mining shares, but
/ am not in the directory business as a
profession. In addition to the many
outsiders who are making, or ex-
pecting to make. their lack of rupees, many
Of our wealthiest and most conservative
citizens have caught the infection, d. s.
Appleton, the publisher, William II. Guyoi,,
of the steamship line, and Others OF similar
standing, are presidents of one or more
mining companies. Judge Hilton dabbles
in mines. Everybody who can be presi-
dent of a mining company, at least, ownsa
few shares of stock, either on spec. or as
an investment. Everybody but me, l mean.
The present mining interest partakes of the
solid, substantial, come-to-stay sort of q
thing, based on the vast stores OF gold and
silver. which nature put on deposit for us.
OF course, there are hundreds Of mines
which are simply put up jobs, but the rail
roads and telegraphs afford such easy COM
munication with all the great mining CEN
tiers that investigation is easy and fraud
less likely to achieve success. / need not
remind you that mining of the precious
metals in this country is only thirty years
old. 1t is still an infant. There is legiti-
mate money in it for level headed men,
and plenty Of calamity ahead for green
horns.
1t is reported that a bank is to be estab-
lished here where the better class of mining
stocks will be received as collaterals. The
traditions and n~ractice OF the New York