Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1881-01-27

Interesting Letter from an Ola
- Eurekan.

Interesting Letter from an OLE
- Eurekan.
New YORK, Jan. 10, 1881.
EDITOR SENTINEL: This is the seasol
in New York when q balance having beel
struck, capitalists seek new investments
1t is not then very astonishing that, beinl
a resident Of Eureka, l should be asket
quite often for news Of our district among
people with whom l have become acquaint
ed. l find in these persons a growing in
terest in the locality of the Eureka Con
and Richmond, and a disposition to Learn
more about other mines in their vicinity
What l can tell them is comparatively little
but that little as statements of facts may
be interesting. Here the mining feeling is
almost imperceptibly improving.
HI EUREKA CON.
Eureka Con is still a ~favorite buy in this
market; its monthly dividends paid with
such regularity have won for it a splendid
reputation among careful investors, and
the time is hoped for when the controlling
interest in that great and reliable property
may DC ntlu III tbl5 CITY. Il In u
fact that it is always quoted higher here
than in San Francisco, and several shares
sold last week at S22 per share, that being
more than any mining stock called on the
Board sells for. II Eureka Con stands 80
high. you wonld naturally ask why other
mines in the district are not sought after.
The fact is, that nine out Of every ten
persons buy stock on the record of the
mine, and unless the information is vol
unteered. never learn where it is situated.
| 1t would make but little difference If any
one did know, for il a really good prop
erty in Eureka should be offered to a pre-
sumed buyer, somebody will give it a black
! eye, either from motives Of jealousy, or for
the purpose of being bought off.
WHY PRosPERs.
In Colorado every man sticks to his
| %neighbor and pulls with him. The result,
as every one knows, has been the introduce
ton Of millions of dollars OF Eastern cap
ital into that State for the development Of
its mines. 1t is also a fact that Colorado
has been extensively advertised. Her news
papers have been well edited and
filled with able reports on her
mines. These papers have been
literally supported and widely circulated.
Presidents of banking. insurance and
other wealthy corporations have been taken
to Leadville in Pullman palace cars, their
| fares and even board paid they were
dined, wined, toasted and shown the mines
by the merchants and miners Ct that 60
ahead camp. The enterprising people Of
Colorado were well repaid for all this. They
sold their mines and secured more capital
to work them than they ever anticipated.
No wonder, then. that Colorado can boast
- III E.-l -.
ing within her boundaries the two most
successful and best paying mines in the
world, is cast in the shade. Colorado has
been. and still is, the seat of an active
people, while those of Eureka are passive,
and notwithstanding that Eureka, and in
fact Eastern Nevada, has within its limits
some of the best mines and mineral prop
critics in the world, they are almost en-
tirely unknown In the great East. Why.
sir, is this the case2 Simply because our
wits are wool-gathering. We lack the e.
sential qualifications of successful bust
ness men. We do not advertise yet nc
branch Of business can be made a success
that is not properly advertised. There are
millions upon millions Of dollars locked
up in New York, Boston and other large
cities of the East awaiting profitable in
vestment. Then let us wake up and bestir
ourselves. Seek some Of the capital we
are in such urgent need Of. and give good,
honest properties in return. Let US ad-
~vertise our resources and invite capital to
aid us. Let us fill our mines with labor
ers, our streets with people, our stores
with customers. II a few of onr able citi-
zens would get together and agree upon a
plan, / would suggest a feasible one. Let
an association be formed of merchants and
posnnra uira n MAJ, and f,rpi.h hfn. a
horse, at, say, 5000 pr month, to visit all
the mines in the district owned, or partly
owned by subscribers. and let him report
on them to the EUREKA WEEKLY SENTI-
MEL, a newspaper having weight in the
East wherever it ia received and read, and
contract with the proprietors Of that valu-
able sheet to print ! 1000 extra copies per
week and mail them to such persons as the
association may elect. 1t would be the
business OF the association to see that these
papers were sent to the different cities of
the East and distributed in the hotels and
contingencies Of all the prominent mer-
chants in the United States. AS a result
Of this plan we would soon get as much
capital as we required, and to carry it into
operation would cost. say, not over $4,000
per year, an expense that could be met
with 200 annual subscribers at S25 each,
paid in advance, and would scarcely be
felt.
MEASUREMENT CORRECTED.
In q letter written to Mr.. Thomas
Brown q few weeks ago / made a misstate-
ment as to the time when work must be
commenced on the non -patented claims,
and as the substance of my communica-
ton was reproduced in the SENTINEL, l
desire to make a correction through the
- ~ 49, aa.af,l -xs- II
find that the period during which the work
must be done commences on the LIST day OF
January Of each year, or in other words,
the work must be commenced and com
pleted with the year, commencing on the
LIST Of January and ending on the 3lst of
December.
A VISIT TO COLUMBIA COLLEGE.
A few days age l called at the Columbia
College School Of Mines, where | had the
pleasure of meeting Professor Newberry,
and was pleasantly entertained by that dis
tinguished gentleman. During my visit |
| called attention to a specimen OF rock from
the Central Hill mine, said to contain
| nickel and cobalt. and was gratifed to End
that it resembled almost precisely some
| that had been assayed and found to con
| tain some of those minerals. A chemical
| analysis can be made Of this rock for a
much smaller sum of money than I sup
posed. BY politeness of Professor New
| berry, / was introduced to Mr.. Charles l..
Constant, E. NJ. and Professor of Chem
istry, who has charge of the laboratories.
| That gentleman took me through the assay
ing and chemical department, and ex-
| planned to me in a very allie manner how
necessary is analysis to success in mining.
Professor Constant has an office at the
corner OF Fiftieth Street aud Fourth Ave-
nue., where he may be found by any person
recurring his services. There il but one
place in America where cobalt ores of
very low grade can be successfully treated.