Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1881-03-19
ENGLISH CAPITAL COMING.
Fhe Eureka (Nevada) silver Min
ing Company A Glowing Ac-
count Of It's PrOspects-WOrk to
be Commenced ON An Extensive

scale.
London Mining Journal.
1t is gratifying to learn from the account
just rendered of the statutory meeting Of
the company that this enterprise is, after
a silence of some weeks, able to render a
good account of itself. The Directors
may as we'll take credit to themselves as
earning the thanks of their shareholders
for having improved the original coadi-
tons in such a way as to secure both the
Eagle and series of mines.for a sum which,
with the necessary amount of working
capital, will be covered by 65, 000l.; so
that, instead Of the total nominal capital
Of 100, 0DOI. being absorbed, there will re-
main an uncalled portion amounting to
50, 000l. In this way the position of the
business is so improved that the shares
may be considered to be doubled in value
as compared with the same before this
change was effected. Working possession
of both the Eagle series and the Williams
burg is now being taken, and it is certain
that these mines will, with capital and
energy, rapidly take a first position in a
forward state of development. Indeed, as
far as the Williamsburg is concerned, it is
long since in a regular, though relatively
small working, and, if we are rightly in
formed, its actual profits amoun to what
would be a fair mining dividend on the to-
tai capital OF the company. The Bald
Eagle series of mines, described in the re-
port as "one of the best mining prospects
in the district" although not yielding any
very considerable contingent of returns at
the outset, are, nevertheless, Of that kind
of mining properties from which early and
startling results may be looked for.
1t is well worth while remarking that the
ore, numerous sales Of which have been
made to the Richmond Consolidated
Smelling Works, has uniformly proved to
be of a very high quality. 1t is intended
forthwith to run the shafts 100 to 200 feet
below the present bottom Of the mines,
and so gain a horizon of 400 to 500 feet.
This is dictated by the best experience of
the country, and happily the nature OF the
ground and the absence Of water favors it.
1t may confidently be said that of numer-
GUS young mining enterprises offering to
the public, none is worthier of attention
than good ground carefully chosen in the
neighborhood of the Richmond, Eureka
Consolidated and Ruby-Dunderberg mines,
and certainly Eureka (Nevada) Silver is
such. Moreover it comes out under par
ticularly good auspices, for both as re-
CARDS the directorate at home and the exec
utive Of the mines nothing is left to be
desired.
Thomas Richard, Of the we'll known firm
of Richard Brothers, engineers, and @. IL.
Thompson, Director of the Tavergount
Copper Company, have Joined the Board
of the Eureka (Nevada) Company, and the
former gentleman is now on his way to
America, and will visit Eureka, Mr..
Richard arrived here by special train on
Thursday afternoon, March lied. Sen
TINEL. when he will inspect the property
of the company, and concert measures Tor
the prompt commencement OF operations
in the mines Of the company on an exten.
| sive scale. The ores from these mines will
be sent to the furnaces of the Ruby-Dun-
derberg Company for reduction. :.