Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1881-02-02

abe DsveIepmsns Of che North
End-Is 10 simple and Ecesem.
ieai-Ths Time Required for IT.
Fuiauiment and she Prospects
Ahead.
Since most men deal in mining stocks
for the purposes Of speculation. It 10 not
to b wondered at that when that spseu.
lation ceases to b rsmunerativs their
dealings should decrease. Men usually
buy and hold for raises In value and 1t
matters little to them whether those
raises are on merit or not. There are
those, however. who make mining .
business and invest in stocks % they do
in other businesses. looking TO results
for their profits. The fact that there 10
&C little done now in the Stock Boards
Of San Francisco. and the further fact
that Constock securities are BY no
means plentiful In the market. lead to
the conclusion that those who merely
speculate in them are growing less and.
what 10 Of . very great deal more i'm
portancs, that those Who make . bust.
ness Of mining have secured and retired
them.
Tho bonanza mines which everybody
expected . year ago to exhaust their ore
bodies. still have milling ore In place
and are still working for moro around
the old slopes /; but their yield will be
greatly reduced this week and probably
on till . new bonanza 10 discovered.
The progress made in waiting work on
the Comstock during the past week has
been good; still. the situation has
changed little. Sierra Nevada IL taking
out more ore and sinking at the Union
shaft has been resumed. When the
shaft has gained an additional 10 feet in
depth, the lonsed-for drift on the $500
level Of Union IL to be started.
PLAN ron II DEVELOPMENT OF TIE
NORTH END MINES.
In these times Of general mining do
preston ON the Comstock perhaps there
10 nothing moro encouraging than q
glimpse at the simple and economical
plan adopted for the development Of the
mines from Best 4 Belcher 70 Sierra
Nevada and including both those mines.
On the $500 level there 10 now . COZ
tinuous lateral drift. we'll east. from 425
feet north Of the Sierra Nevada incline
almost to . point east Of the @. & G.
shaft. This drift Is 10 DO continued on
at once to the Con. V~irsinia-Bs 4
Belcher lie. Joint crosscuts from end
to end. many Of which are now we'll
under WY. will then be run east nearly
or quite to the east wall Of the vein;
and from these crosscuts wines will be
sunk to the 2700 level. whore will be
run another lateral drift connecting them
and securing ventilation. The pioneer
Of these wines il that joint between
Ophir and Mexican. which Is now less
than 40 feet from the 2700 level.
Tho two great working tho.oushfsrss
tho G. l. @. and Union shsits-will be
continued With all diligence to this 27O0
level. and connected with the lateral DRIFT
on that level, both to increase ventilation
and to handle any water that may bs en-
countersd. In time the G. i @. and b.
4 B. shaft will be added to the number
and connected also with the main lateral
drifts. Thus will ventilation and drain.
age be readily secured.
THE PRosPxcr.
The prospects along this part Of the
Comstock. and especially In the great
bay through Ophir, Mexican and Union.
have been frequently commented upon.
They are such as have never yet deceived
the Comstsek miner. Judging from the
increase in these indications from the
$500 to the $500 level. the 270o level can
hardly fail Of finding ore; and 10 1t is
found il will DO no streak or small body.
Il is by no means improbable that some
Of the joint crosscuts east ON the 25Oo
level may lead to the commencement Of
the looked for development. But ever
II IL should not DO found on that level.
nsr vet on the 2700 level. the WINES can
easily be continued on down 200 feet
further and thus practically solve oil
doubts, IL any exist. a. to this north end
development.
TIE TINE REQUIRED.
The work above outlined and 30 well
under way along the north end can be
most economically done and speedily
accomplished. The whole Of II will not
consume more than . years time. and
the probabilities are that long before II
10 accomplished the heart OF the stock
holder will DO made glad BY the expected
development That development once
touched upon and everybody will want
C0ustock securities and be ready to
help deirsy the expenses OF its full un-
foidment. Then will come full ffuition
to those who in these dark days and dull
times show their faith and retire shares
at present low prices.
Below will b found authentic and
reliable reports Of the mines, showing
the situation in each up 10 the hour Of
going to press:
Unies Cssseiidassd.
DriIlhole No. 8. on the 1900 level and
from the bottom Of Wine No. l. IL con-
dnued. but water greatly intsrfsrss with