The Tombstone epitaph., 1882-01-16
WEEKLY MINING REPORT
A Quiet Week in the Great
 Bonanza District.
Outside Districts Attracting More Attention than for Months Past.
THE VALUE OF MINING REPORTS.

1ne measure or value or ..lnlng re. port is it's reliability. All the fine writing that may be wrung out of the English Ian. guage and condensed into an unreliable and laboredly false report, destroys Its value to the reader. A contiding public may be led into investments through such reports and b caused to suffer serious loss thereby bringing down upon the head of the guilty writer deserved condemnation, and causing the journal in which these weekly effusions appear to sink, with their author, into an ignominious oblivion Last week the EPITAPH published the facts in relation to the bonding of some of the newly discovered mines in the Winchester district, by their discoverers, to P. w Smith of this city, giving the exact figures as they appear on record in the county recorders office, the sum being $50,000 with partial payment of $500 as a for. felt in case of noncompliance with the terms of the contract. A morning con- temporary, In its weekly mining re- port yesterday, with its usual disregard for the truth, stated that the bond was for $100,O and $l5,0 900 cash down. This disregard for the truth was only equaled by the following cheeky morsel:
 As regards the property bonded by P, w. Smith & Co. in that district, we de. sire to correct the error into which our re- spected contemporary seems to have prob. ably inadvertently fallen in relation to the sum specified in said bond. Instead of $50, 1000, as it stated Saturday morning. It would have been right had it substituted $l00,000 and had supplemented the state ment by the fact that $15,O00 coin had been paid down on the signing of the bond.
 It would be we'll for our contemporary to consult the records before it again at tempts to correct the EpITAPH in matter of this kind
 The excitement caused by the discovery of rich ore in the Winchester district, has somewhat subsidtd, owing to the contra. dictery nature of the reports coming in from that locality. We have it from good authority that thus far the rich ore is con. fined to float rock that IS scattered broad, cast over tine surface of the ground, and that the big ledge, heretofore spoken of, is simply massive quartzlte dyke, almost barren of metal. We give this statement of the dark side of the picture for what it is worth, the same as we gave the bright side.
 The most important event, in our esti. m ation, that has occurred during the last year is the protractId stay among us of that veteran miner, George Hearst. This IS his third visit to Tombstone, and, if we mistake not, the longest tarry he has ever made, and besides, his investigations have taken a wider, more thorough and practi- cal turn. In addition to his visits to some one or other of the mines or prospects in and around this immediate neighborho od every day when here, he has extended his trips to both the Huachucas and Dragons, that he may say to hIs friends in San Fran cisco upon his return that he has seen those promising localities. Up to the pres ent tune we have not heard of any pur- chases by Mir. Hearst, but we trust that ere he takes his departure he will find something worthy hls attention, for such an event would be a guarantee that the necessary funds to thoroughly devel lop the same will be forthcoming, and in all prob. ability many ot his friends wheknow how uniformly successful he has been iD his ventures hitherto, would be encouraged to come among us and add of their surplus store for the development of the large number of valuable prospects that are now lyirg idle. It is conceded fact that what we most need in this district is 8 strong infusion of western capital. 1t is prover' bial that the enterprise of Callfornians, in the mining field, is characterized by more dash and spirit than that displayed by our eastern friends. We do not say this in dispa.agement of the Philadelphia compa- nies among us, for all admit that they have done well, and are reaping, or are about to reap, as they have sewn. Like all new min. ing camps, our crying want is more capi' tai. Let it come from whatever source it may it will be gladly welcomed.