New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-03-07

pany reports that the erosscut started from shay
ct depth Of i32 feet has been "a feet TIE ~
bTneSss Of eys ewing ASSAYS AZ IA. is 81 ssS ~
ounces of silver per ton. This cfosscut teinR
tioucd to cut the foct-wali. whsn the sinking q TX
levels s, opsned al { depth Of 800 feet Tug
Mr. Q. G. Rodgers writes to THE TainUxr that A.
resigned the presidency OF the Silver Nugget Corn
Pany against the unsnl,o moi WISHES % tns os
was BY selling his stock and resgmng bis trustes,
ship
Colorado Coal aud Iron Companys steel works a
Pueblo which expected to De In operation ahoet
May l. The latter company BIAS contracted vita
the Breeze for 90 to 200 tons OF iron daily for
The report of the directors of the Quincy ccppsrs
Company for the year 1850 shows the lroauet q
have been ALL. 675 pounds OF stamp aud 169,DSS
pounds Of mass copper. from which $751;, 894 iwss
realized Tine total eSS Sgo sss e sasl
from interest SO, 926. aud $83. 1S6 profit from al
investment in the stock Of The company. giving 4
total profit for the year q ~ io4 After payag
oil 100000 the balance OF assets January 1,lSS1.
was $5S2, 722.
The prospectus Of the Bear River Tunne, Company
has Just been received The operations Of this eoa-
pany ara TO be carried on mainly IN Placer and
Nevada Counties, California. The work Involves
the construction of q tunnel from point qoefter
northeast Of Colfax, and running northeriy urdef
Cape Horn on the Central Pacific Railroad 24 miIez
connecting with Bear River about Ia miles soat-
west Of the junction OF Bear River and Main Green
Horn Creek. The object Of this tunnel 10 10 drsia
the bed of the Bear River and render 1t accessible
for mining operations. DR.. Henry De Groofs repxs
the property states that the material consists Of
taIliDgs or auriferoGs gravel once washed Washing
for gold began in this part OF California In 1S4S
with very crude appliances. For several years 10
quicksilver used and the miners used Quantities.
OF water and worked their apparatus on very steep
grade thus losing most of the fine gold and large
percentage of the coarse gold, which was
deuosted in the beds Of the streams further down
Among the wel-known mining localities draiaed
By Bear River and its tributaries. which constitute
the field of this company's operations, are Dutch
Flat. Gold Ran. Wallupa. Red Dog and You Bet.
BY careful surveys and measurements it Is estimated
that within the limits Of the comDanys claims tho
quantity of gold bearing debris amounts to
90 28l 844 cnbic yards, which will Weld gfve
product OF $28 780. S44 besides quicksilver black
sand and sulpburets valued at about %, Ooo 900.
The tunnel Is to run on 3-inch grade aud will o
1880 feet long. Its upper end will pc about &
feet below the bottom Of Bear River. and about IS
feet below the surface OF the tainRs. The tunnel
is to be IL feet wide the bottom, and feet high.
There are three favorable points where WORKING
Openings consisting of vertical shafts can be made.
The first would be- eco feet deep, the
second $50 and the third 6OS. This
would secure ventilation for the tunnel
aud furnish additional faces from which To-
carry on the work of excavation. BY the use Of
machine DRILLING it is claimed that the tunnel eau
be advanced at the rate of LOCO feet per month,
and that not more than eighteen months snould
eapse from the time .be drilling machines begin 70
work before tail washing should commence. Ihe
entire cost of the tunnel is estimated at $446.0o0
and the net profits for the drst year are placed az
81 OS $685. for the second year 81 7S7, 3d. and for
every wear thereafter, until the exieting stock or
tailings is exhausted, SIS, BOA.