New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-05-20
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Indepcndcnrc 800. : Ion oasoaa.;d.:lG I7ri
jaa ""....''" IL Il. a - g.,
There seems to he tr1uble for sGucl'odc ~ con-
ncclion with thr management .. Ittr CHrf. II
III claimed on the pari ui TN" fac: lor headed ~
Charles j. Shaw thar a chang IN th" m nagcmCut
would be for tie interests If the stO kholdrrs, and
it is he intention of tins faction % ntruP p,uc-
raj turning ont OF TIE prr.rnt OTHERS III iht l"ri-
ing Of trustees to he held tu-dHy. or tic other
hand the faction under the l"a[cr-!Ip uf Goorgr u.
Roberts clam that the ont" ar OAiy anH"us to
ga; H. for purposes of tier own, and t'at ~"
movement is II the interest Of = clique of
stock omrnlors rather tiGn That Of IL"
large ruw H. imminent, shnald tie Board M:
expected to-day. Roth side 1gc tc''ri'"d 10 win.
probable that lie present n' sag fnrnt l. nnite
efficient ~ any new one Wonid pIuNc haciy 10 hc,
aud the public can huIdiy take any graz interest
III tho quarrel.
meeting will be hold today ~ tho Borcr Bu!d-
ing for the purpose of considering the crn"idSt
of the int rests and properties OF tie LcAd'lic ana
Shamrock mining companies.
The total value Of bullion shipped from Salt
Lake Cav, May H. WA 81 S22.
Work on the bottom gray S OF tho spring Valley
Hydraulic Gold Company is gong On IapItly. One
shaft IS down 115 feet, and the other % fcct. Cen
eIal work is proceeding satisfactorily. and the
superintendent PROMISES al early cleau-up.
On May IS the main crOsScut III the Bull Do
mingo was IN 1913 feet. carving 28-foot ore face.
The hanging wall had not then been reached.
The superintendent of the Gold Hill Consolidated
lB0ulder County, Colorado has arrived ut the uIuc
and begun work OIL the new tunnel.
Dr. G.. a. Bissell, Of the Carbonate Hill and
Rreecr, will leave tins city for Leadyie Saturday
The treasurer of the Crowcll Gold Mining Com
pany states that the company expects to pay dIyl-
dend in August.
MIR. George A. Bruce. who went to Leadville IN
accordance with vote of the trustees of the Little
Chief, i'll April, to examine into the conduct and
after a thorough investigation as follows Tint the
books of the COMPANY were beng kept IN PLAN,
vsiematIc and correct manner; that purchases of
had i,ppU M mud
plies bought ut market prices; and that generally
the affairs Of the mine were being economically
managed. He cOnmends the vEOT and rapidlty
with which the mine had been worked and thinks
the value of the property had been greatly
increased. lie recommends the salc of the Little
CbIef smeler believing that the company should
attend to The business of mining alone. Mr. Bruce
concludes by SAVING: After personal cxnIn:na-
tlon of the company's property | have q higher
opinion than before OF Its great value. believe
the Little Chief mine Will rcaliZa the eXUeci lions
of those who have invested their money in IT." A
special dispatch to lHE InBUNE. dated yesterday.
says: " Little Chief to-day made the largest orc
Gu record hcrc-2B2 tons"
A telegram from Walter J. Welsh to W. f. Leon,
of the Barcelona received yesterday, says: Aver
age from thirteen assays from the ore took out Uf
Barcelona p10G per ton. You sell stock nj Aus
tin and Belmont if you want to do So"
Professor Mott makes mn interesting report con-
corning the Robertson Electric Ore deduction pro-
cess. which will be found in another column.
The main shaft on the N,yand"tic Is down $40
feet, and the ODD foot level Is now in 30 feet.
This level Is to connect with the main shaft on the
Crawford lode Southwest Of the Wyandotte. The
latter shaft is down 1870 feet, having cut 3 foot
body OF good smelling orc a 35O-iOot level is to
be run from tho WyRndOtte shaft. The company
will soon be taking out ore III paying quantity.
The Denver aud Rio Grnndc Extension Company
arc now employing about 2, 900 men on their Lead
VILE extension and 100 on the SIiVcrton and San
Juan extension.
The superintendent Of the Silver Era Globe Dis
trictl reports rich developments. and recommends
the immediate erection Of ten-stamp mill. He
states that several series % assays recently made
gave an average of $500 per ton.
The Olsen Mining Company. capital, Sc, 100000;
100000 shares; par value $40 each, has ISSUED is
The officers are; President the Hon
Milton s. Latham; vice-preAdClIt, ID. L. Verdenul;
treasurer Elisha Riggs; secretary I. Beach; SUI
s. o. Brown. The trustees nre:
Gash wileT, &. \. HObbs ID. +. Verdenal and Iidor
WGrInser The property Of the company consists of
% mining location, 1900 feet long by GOO feet
wide, twenty-five miles southwest Of Sonorn ]
TuOluEnne County, Cal. Development work THUS
far done CONSISTS principally of main working
shaft, 11B feet deep, with several drifts mud
levels The width Of the VEN In fully ten feet Tho
average taken from these workings has yielded
from $27 TO 500 per ton, averaging about $40 per
ton OF gold and silver. The ore IA sight is estimated
ct 1000 TONS of good milling grade, representing
IN gross value 8255 $50, or net $199, 000 Hoist
ing works, Q 1O-Etnmp mill, and other Appliances
will Oo4 $21 900. A 10-stamp mill can reduce
twenty-five tons OF ore per day. The above figures
are based upon the report of Mr. Thomas Price. j.
O. Brown and Mr.. J. W. GaahWilsT have mado
equally favorable reports, which are embraced IN
the prospectus. The company propose TO make the