Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1881-11-11
RICHMOND CONSOLIDATED.
what n London Correspondent Has
TO Say of this Great Prvperty.


what a London Correspondent Has
TO Say of this Great Property.
Some n in London signing himself
Nevada" writes as follows about the
Richmond mine to the London Mining
Journal. The correspondent makes a few
mistakes, but is correct on the main propo-
sition, to wit the bright future Of this
great property. AS will be seen, his letter
Is called out in answer to another CORE
s%pondence in the Journal
Your correspondent Common Sense I"
has made a mistake in stating that the re-
ceipts at the Richmond mine have only
averaged 700 tons per week since smelling
recommended. l find that the weekly
average has been 1926 tons, involving a diff
ference between his statement and the
actual returns of 40, 000l. a year, and as
the number Of shares is only 81, 900, the
difference is important. have carefully
compared the receipts at the mine for the
corresponding periods of 1880 and 1881,
and | find that the produce of the mine
itself Qeaving out the seven weeks when
the furnaces were shut DOWN has been as
large in the latter as in the former. In the
months of July and August, 1880, 1900
tons OF ore were purchased from other
mines and smelted, and Of course swelled
the returns, while this year no such pur-
chases have been made, and for very good
reasons, as the purchased ore last year
proved to be of much lower grade than
that produced by the Richmond mine, and
as this foreign ore yielded only a small
profit, the Directors gave up purchasing it
on a large scale and confined their atten-
ton to the immense stores available in their
own mine, and in this they exercised a wise
discretion, as down to the seventh level, in
the words OF an eye witness, the mine was
one mass OF ore, which is not likely to be
exhausted in this generation, the recent
discoveries in the Eureka Tunnel having
proved as an u%ndoubted fact that in these
Nevada mines the most valuable deposits
exist in the lowest depths. When the lime
stone belt has been struck in the Richmond
mine at the depth corresponding with that
OF the Eureka Tunnel, there can be little
doubt OF similar deposits being found there,
as the belt no doubt runs through Pros
pect Mountain and Ruby Hill; and il the
estimate of value made by your correspon-
dent at Eureka be correct, neither 15l. nor
50t. will half represent the value OF Rich
mond shares. Being in correspondence
with a. friend at Eureka who is well in
formed on the subject, / do not speak with
out authority when / say that the retire
ment of Mr.. Reuben Richard from the
mine which he has SO ably managed, has
not arisen from any doubt Of it's future
productivenes, but solely from considera-
tions having reference to his own private
affairs. Should the reported appointment
OF Mr.. Harrub be confirmed, the proprie-
tors OF Richmond shares may rest assured
that their interests will be in the hands Of
4 man OF experience, energy and honesty.
The writer of the letter which / have en-
deavored to answer, has shown no Com
mon Sense" except in his signature, or he
would not speak Of the probability Of water
being more likely to be found than ore in
a mine which is on a hill. and which has
consequently never suffered from the foods
which have been SO destructive to other
property in Eureka.