The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1893-09-21
ON THE COMSTOCk
Likely Effect of Recent
Reductions.
4 LIGHT PROFIT TO OWNERS
ii
:. LOW-Grade Ores Can Be Worked
- With Small Margin of Gain.
New Conditions.
4 LIGHT PROFIT TO OWNERS

- The action of the Gold Hill Miners Union
e. st.-ViI gina. Nev., which voted on Tuesday
TO accept IS 30 a day, as telegraphed to
THE CALL, was received here with much
satisfaction by those who desire to see re-
p Hmption Of work There is now firm
ground for the hope that the Industry will
be revived at an early day with good liv-
" ing for the miners and a small margin of
profit for the owners.
- Said one Of the best informed mining
men to a CALL reporter yesterday: "1he
result of this action will be the en-
:ployment of an Increased force on the
lower Gold HID side. You will remem-
der that the railroad company, the water
company, and the land company promised
to make reductions in the same ratio, and
there is not the least doubt but that they
VIII make good their promises. The re-
suit Will be that work Will commence on
faFge quantities of loW-grade ores, which,
under the general reduction l have just
outlined. can be worked at d small margin
Of profit
The principal trouble was, the miners
We're appreheusive in case they submitted
10 the reduction that it would mean so
much loss to their own organization with
= out Denehting the camp generally. but
they.WllI soon IND increased demand for
LABOR and general activity. There is no
AoQDCthat great numbers will leave Vir-
glnia City and 60 to Gold Hill.
t~>Ihe nOrth-end miners are not allow
70 work on the south side. therefore l
Lh!nK 1t. IS not too much to say that the
men above the divide when they see the
good effects which the reduction will pro-
#uuce at Gold Hill Will voluntarily vote to
accept So 80 a day. The result there
cannot help but prove the same as at Gold
Hill"
's.NVhat will bo +bo nrot,ohio ,efoot - +b;,
reduction?" asked CALL reporter of a
Tell-knOWn operator who knows the Com
stock lode from Alpha to Omega.
The effect will be good" was the an
sweF. In the first place it will tend
strongly to restore confidence Those who
have investments already feel that the
various properties are being managed in
Inc interest of all the stockholders and not
4or the favored few; that they are trading
IN something that has an actual basis of
Vslue' and that the handicap of extrava-
CANT salaries and unnecessary expenses
has been removed.
Inc operation of mines has recently
been changed to suit changed conditions
ana will be carried on upon a tried and an
proved business basis. Under the old plan
the cry was, Can we strike a BODY of
high-grade ore? Now the proposition is.
Can we get these Iow-grade ores out with
a little margin of profitp
with the reduction in the cost OF labor.
Transportation timber, wood and water
there is row nc doubt in regard to the
matter. Take labor alone, for instance.
suppose man takes out two tons of ore a
day. Here is a saving of % cents a ton,
and THAT alone in many cases represents
the difference between little profit and a
little loss. And you may depend upon it
that they Will keep on taking out low
grade ores so long as it meets expenses,
butt the moment business shows a loss
d: which promises to be steady operations
VIII cease.
=: t@:AnOther thing. The general reduction
i4 the cost of working mines viii about
~ mpepsate for the reduced price of silver
Ia ke one mine with another, the district
produces two ounces of gold TO one of silver,
and the low price of the White metal does
not affect the Comstock in nearly so great
a degree as 1t does the mining interests OF
other States.
=: Then it must be remembered that all
the wlfTie they are taking out lOw-grade
ore the chances increase for striking rich
bodies, and we need not despair of once
again getting dividends.
1t r entirely safe to say that there is
enough low ade ore in sight to keep all
the miners busy for a long time. and with
the reduced cost of production there will be
some profit ID the owners"