New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-03-22

roasted eleven tons in No. 2reverberator same day;
shall start amalgamatOr tomorrow" a telegram
dated the 10th reports, "Smelters stI running
finely . -, ,..., ,t
aud Mount Lincoln Tunnel Company was held s Sat-
urday evening to elect officers and trustees. Inc
engineer at the mine writes that the tunnel pro-
posed, 5000 feet long by 7xS feet. will cost
sos. coo. Work is to begin April L.
In the new Wine not far from the end OF the
main level north from Shaft No. 3, in the Little
Chief. iron imprcgnated with gaena mas Oeeh
struck which ~ considered satisfactory Inc NINE
shipped ,i63 tons TO smelters IRON March 10 IA
On March 10 the manager telegraphed: " Nine
looks unusually WE'LL shipped Ill tons to smelters
The tennessee Park Mining and Smelling Com
pany las organized with capital of 81 ,O0O,OOOi
100 600 shares, of par value OF $40. The company
own five claims and n mill site IN tennessee Iark,
all the claims being in contact, and has sufficient
money on hand TO develop them. Active work VIII
be commenced IN May. Mcssrs. +. Prentice & Co..
of this city, who interested, have had agents I'D
Lake Park and GunnisOn counties Colorado, Sc
Letting and locating promising lOdcs.
The Horn Silver Mining Company have erected at
Chicago a new refinery with capacity for refining
fifty of base bullion per day. Ii VIII be ready
for operation early i'll April. The company has also
shipped to the mine large and complete hosting
works. of the style of those OF the new consolidated
Virginia capable Of raising 800 tons of ore per day
from depth of $50 feet. lbese works Will De
erected and ready for operation about the Isl 81
MAY next Several new stacks are also beng added
to the cOmpanys smelling works AT the mine
which will give a capacity of about 100 tons OF ore
daily. Arrangements are also DelnB Hauo lOI lue
sale Of 30 tons of daily to the Salt Lake smcIt
crs on favorable terms. soon as the railroad Is
completed to the mine.
Within the past few months, one of the pr0mi-
nent North Carolina gravel mines known rs the
Fornev or Beaver Dam Gold Mine. has been ac-
quired by certain Cali10rnlans associated WIN
few prominent members of Congress and other
Eastern gentlemen. The property comprises about
600 acres Oh both sides of the Beaver Dam Creek
in Montgomery County Having purchased the Zee,
the new owners have erected dwellings for their
men, stores. offices and shops, bought engines ana
machinery. etc. aud are now ready, with further
moderate outlay, to begin gravel washing on large
SCALE The entire gravel deposit VIII. II Is claimed
yield al least 81 per cubic yard. Tins property has
remained idle since the commencement OF the war
BEFORE that time over $500, 600 had been taken
from comparatively small area, and. by the crud-
est most primitive methods. 49,
At the annual election for directors OF the Cold
Placer Mining Company, held IN Hartford, Conn
Marcn 9, the following gentlemen were chosen Z.
H. Moran, w. Is. Wheeler Ira Klmball. IL. {. Ityer
SON H. A. Patterson, +. :. Muurce, all of Newly ork
and Sydenham Mills, of Denver, Col. At meeting
OF the new Board in Ncw-lOrk, March 10, Mr. l.. =
Muuroe was elected president, and w. Il. W heeler
treasurer After the organization II was voted that
the company should sell the 24,OO0 shares or
stock IN the treasury TO provide a working capital
and create 100. 900 shares additional stock to be
held III the treasury as reserve. he nominal par
value of the shares al,o reduced from go TO So
Thus the capital cation will be 100000 shares
OF 80 each. The principal property OF the O0id
Placer Con pany consists OF $4,000 acres OF auIler
ous placer az Breckenridge, Col. An expenditure OF
$50 900 IS necessary 10 construct dltch TO bring
water from the Twin Lakes, distance of about
nine miles.