Sullivan republican. [volume] (Laporte, Pa.) 1883-1896, 1892-08-05
THE GEORGIA GOLD FIELDS.
Continued Excitement Over New Dis
coveries, aud Transfers of Property
of Aim ost Dai Occurrence.

Continued Excitement Over New Dis
coveries. aud Transfers of Property
of Almost Dai Occurrence.
The activity in gold mining in and about
Dahlonega, Ga, noted in my last communi-
cation, still continues. The excitement
seems to be steadily increasing, and new dis
coveries of ore, that will pay handsomely
under the new processes now being intro
duced, are of almost daily occurrence. Sew
eral new mills are already contracted for,
some are now in process OF erection, anu
many of the older ones are either now
being or about to be remodeled.
The old methods OF slucing everything,
clay-sand, slate and quartz, for treatment in
the mills, without regard to the gold bearing
qualities of the matter, are being abandoned,
and the era of intelligent and systematic
mining, having in view the treatment In the
mills or only such matter as will pay ricniy
for handling, is being inaueurated and the
horizon is bright with the dawn Of perma.
nent days of prosperity in the gold fields OF
Georgia Underground work is being Wig
orously pushed at a number OF points on the
Great Calhoun lead, and miners who have
for years been scratching the surface, and
satisfied with the meagre returns of S3 to 50
per ton from the mixed mass OF
material they have been accustomed
to handle with water, are surprised
as well as delighted to find that the thin and
scattered quartz veins or stringers OF the
surface, gradually and almost lnvarlaDy
come together as depth is attained, and form
true reefs of gold bearing quartz from two
to five feet in width anu carrying In the
deeper works the same amount of gold that
at the surface was distributed unequally
throughout the whole mass of matter sixty
or 100 feet in width.
The old Calhoun mine is about to be
opened and operated upon the modern sys-
tenn. The Murry mill is nearly completed
and will soon be reducing rich ore from the
lower levels. The Bertha G. mine, three
miles from Dahlonega, on the famous CAY
houn lead, is preparing to begin the erection
of twenty-ton mill, fully equipped WIN
every gold saving appliance, and TO run up
on the best western plan, provided with an
assay office, with an experienced miner IN
charge, who will know every day what the
ore to be treated should produce, and VIII
see that the yield from the mill corresponds
with the value of the ole. One OF the ON
GERS of the Atlanta Gold Mining Co, oper-
ating the Bertha e. mine, estimates the prod-
uct of the mine as follows:
20 tons per day mined and
milled, 300 DAYS, 900 tons, .o,
5000 tons, IS per ton free gold s4o,ooo
0Oto torv .o"y, ore s-V PEI w. 100000
Total s16s,OoO
LESS COST:
Mining 5000 tons of ore, 81
per ton. n..................... .9o,VoV
Milling 5000 tons of ore 6Oc.
per ton. OBSERVATION-DISCLOSURES. o,oUo
trates, rates 30 p per tom ton. ........ 1,soO
Office exp nses, repairs to mill ~
and incidental expenses. 5,o0o -i6'4r
-O0
Net profit yearly. cotton mill, $751; 800
This would be equal to $l5 per snare on
each $40 share of stock, or to the purchaser
of shares at 30 per cent. of their par value,
equal to 800 per cent. per annum on thelr
Investment. The same officer OF the com
pany tells me that the company proposes TO
use portion of the profits for the first year
,r two in building additional reduction
works. thus increasing the output of goli
and consequently the dividends to stock
holders, without any extra cost to then. .
One half of the capital stock of the company
ts50,00W has been placed in the treasury
and portion of this stock is now being
sold at 80 per cent. of its par value or 80 per
share for the purpo So OF carving out the
plans above set forth The Southern Bank
ing and Trust Co., of Atlanta, Ca are the
transfer agents of the Atlanta Gold Min
ing Company and issue its stock to all deslr-
ing to purchase. Orders should be addressed
to the Southern Banking and Trust Com
pany, Atlanta, Ga,