The San Francisco call., 1895-10-18

and men have been sent up to Nevada to
begin work at once. Mr.. Lane in a CONVEX
sation regarding the sale had the following
to say yesterday:
1.-THE rumor that we have purchased the
Buckeye mines in Nevada is practically
true. We have taken a $4,000 bond on
the property and will pay the fixed price,
$3.50, 900, the 1st of June. 1 am ready to say
as a matter of fact that the sale is as good
as made, and that we are ready to back the
mines with our capital.
mo time will be lost in developing the
ore bodies that we know exist there, and
we will run water forty-fve miles from the
headwaters of the Carson River to work the
gravel beds. Just what the cost of the ditch
will amount to l am not prepared to say,
as we have not yet begun the survey, but
am under the impression that it will be in
the neighborhood of $150000.
at is possible that others aside from Mr..
Hayward will become interested and that
we will open up a great deal of the mining
lands, which are very rich in that section.
l do not care to create undue excitement
in matter of this kind and would prefer to
have as little to say of it as possible, but
we will lose no time in getting at the pay
rock or gravel, nor will we contine our
selves to one section. If the country is as
rich as 1t appears to be | have no doubt
that many other investors will be seeking
mining properties. We have faith in
Silver Lake district and will spend money
to develop it."
A well-known mining expert, who rep
resents the Mackay and Jones interests in
mining matters, but who prefers to be un-
known in the matter, said yesterday that
he had just returned from the district and
considered the mines equal to the best
ever opened mp in this country. at will
6v caid hn 10
what an immense body of rich ore there is
there, and the old Comstock will have an
associate that will outdo it completely
All 1t requires is capital to back it up, and
since Messrs. Lane, Hayward and others
have taken hold of it the requisite cash is
at hand and Nevada will boom again"
General Oliver Roberts, the third man
to locate in the Silver Lake mining dis
trict, Is now living in San Francisco and
was interviewed at his residence 1903
Broadway, yesterday.
II have always contended," said the
general, that the mines in the Pine Nut
Mountains were part of the Comstock
lode as it is we'll defined all along the line
from Virginia City TO the Pine Nut Mount
AIMS and extends even into Alpine County
The lode runs north and south and crosses
the Carson River below and above MarkIee-
vile, there being two forks of the stream.
We all know what the Comstock has done
ih lIo puIiioi OuIpul, out IL uOeS HOJ neCeS-
sarily follow that it was the best deposit of
mineral-bearing ore that there was. Per-
haps those who thought they had found
the best and biggest body in the West
were only working one end of something
that was and is much better. / am famil-
lar with the Comstock and also Silver
Lake district therefore [ am able to Judge
with reasonable intelligence of the relative
merits of the two places. The former is 4
sample of what can be done with suffi-
clent amount of capital to guarantee de-
velopment. The latter is sample of how
a great deal of time can be lost when
every body is trying to howl a good coun-
try down.
Three years ago Silver Lake district