Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1881-07-07
Senator Iones' Wealth.

The Eureka Leader. commenting upon
an article In Q Massachusetts paper.
which purportsd to give and make CON-.
parsons upon the wealth Of the Duke Of
Westminster. Ro,hschila. Msotsy and
Jones. relates the following concerning
Senator Jones:
Now a. to the wealth and Income Of
the Duke Of Westminster and Of Roths-
child, a. given. there II no data on this
side Of the Atlantic to eontrovert this
statement. A. to Senator Jones. the es-
innate II away on. and more Is the pity.
Mr.. Jones was never possessed Of .
tenth OF the wealth which correspond.
ents have credited him with. While su.
perintsndsnt OF the Grown Point In
1885. 10, he became owner OF large
blocks OF the stock. then selling at nom
inal figures. The discovery OF the Bel.
cher. Grown Point BONANZA tcaused .
sudden and immense appreciation In the
value OF those stocks BY which. OF
course, Nj. Jones was largely benefited
but not to the extent that q Eastern
friends suppose. We think that $5.000.-
600 II . very large estimate for his
Crown Point winnings. Mr.. Jones 10 .
daring Spectator. and always gives bis
money q chance when he has any. He
is the kind that always ought to win.
Tor what he has he will use in the de.
velopmsnt OF the mining and industrial
interest Of the country. But bis specu.
lstions. or the most Of them, sincs 1873,
have been losing ones. He sunk . large
amount (rsport says somewhere near Q
million) in q gold mine on Kern river.
Pauamiut depleted both bis and Senator
Stswsrt's purses for q round sum. His
Santa Monica town and railroad specu-
lation turned ont far from probably.
His leo manufacturing speculation en-
tailed him q heavy loss. He came out
shorn from bis drive Of Panama railroad
stock. Two years ago last summer be
got back on the Comstock just In time to
get . dose Of Sierra Nevada at high As.
ures. He visited that mine and became
90 impressed with Its value that when
the crash came he believed that 1t was
owing to the manipulation OF the bears
and not from lack Of merit. and u hs
held on until he lost about oil he had In.
vested In the stock. We are glad to
learn that he 10 interested In Q scheme
to tunnel North river. near New York
city, In order to facilitate railroad In.
grsss into the city. which 10 liable to
become immensely valuable to the pro-
jsctor. Aside from his interests In some
speculative schemes like this tunnel pro-
jsct. Mr.. Jones Ii probably worth little
or nothing.
Mr.. Msokay. while being very we'll
fixed indeed. 10 very far from being
worth seven hundred and Atty millions
OF dollars. In the old arm Of Flood.
o'Brsn. Msckay & Fair. he was credited
by common report to hold . two-hfth
interest against Q fith held BY each Of
the other partners. That Arm, through
the di. covery and working Of the Con.
Virginia and California bonanza, and
stock msnipulations, have undoubtedly
become the possessors Of an immense
sum OF money. Two hundred and atty
millions OF dollars. however. would be
an e%xtravagant estimate OF the combined
wealth OF the bonanza arm. But II Mr..
Maekay 10 not worth over e76. 000. 600.
unless he has very bad luck. 1t will be
several years before he will b obliged
to spar any OF the newspaper fraternity
out Of four bits for "breakfsst money"