The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-06-13
ON THE BRUNSWICK LODE.
Four Companies Acquire Ter
ritOry on the New Com
stock.
THEY SECURE 1888 IL FEET.
The Purchase Price S31,731-One-
Third Cash and the Balance
on Easy Terms.

The great Comstock consolidation scheme
Tor. the concerted DEVELOPMENT of the
brunswick lode is an accomplished fact.
Yesterday four companies operating on
the Comstock held shareholders meetings
and in each case the stockholders voted
unanimously to acquire further territory
and authorized their boards of directors to
receive deeds for the ground and to COM
plete the purchase.
The corporations which have thus ex-
pressed their confidence in the richness of
the Brunswick lode are the ChoIlar Mining
Company. the Potosi Mining Company,
the Best & Belcher Mining Company and
the Gould & Curry Mining Company.
That the stockholders realized the enor-
nous Importance of their action is shown
by the large proportion of stock repre-
sented and voted at the meetings. The
Chollar Company has $106 900 capital stock
and of this sos, 600 in shares was repre-
sented at the meeting. Of Potosi $4,000
out of $106, 900 was voted. Best & Belcher
had $87, 900 represented out of 100000 and
Gould & Curry $50, 900 from similar total.
AT each meeting appropriate resolutions
were passed. Of them the pream BILE stated
a description of the ter ritory to be secured
and the terms of purch ase. The enacting
clause of the resol utions in each case read
as follows:
RESOLVED That we, the stockhold ers of this
corporation at a meeting duly called for tina
firm said purchase OF said mining ground t
and for the price and sum above stated and
the officers of this corporation are hereby
authorized to receive a deed for said ground
and complete the purchase.
By the purchase the companies acquire
territory on the Brunswick lode as fol-
lows: Chollar 700 eet, Best & Belcher 526
feet, PotOsl 700 feet, and Gould e. Curry
61211 feet. The purchase price is $12 so a
foot total for the four companies of
$31, 731 %, and the terms of payment are
one-thlrd cash, one-third at the end of
three months and the balance at the end
of six months.
At first in the stockholders meeting
there was apparent little diffidence on
the part of a few, but as soon as the expert
report on the property was read this van
ished. Colonel ]. B. Low was the expert
employed by corporations to examine the
Brunswick lode. He spent several days on
the spot, and made personal examina-
ton of the ledge for its entire extent. His
report is very favorable, and his conclu-
sions most interesting. They are as fol-
lows:
In conclusion, the Brunswick lode is within
mineral zone 1t is very strong vein OF good
entire length, from the Monte Cristo on the
north to the Occidental on the south. In every
place where the vein has been worked to any
extent pay ore has been obtained. At all times
when work was attempted heretofore, too much
water was encountered TO render it practica bic
to mine ore of low grade.
The exceptional richness OF the ore found in
the Comstock vein attracted capital away from
other promising prospects in the vicinity The
entire Brunswick vein and all veins encountered
are now freed from water by the Sutro tunnel
thus enabling owners to work the mines for
about 90 per cent of the former cost.
Samples from the Occidental winze, on the
800 level, prove conclusively that rich ore
exists at that point in paying quantities. and
samples brought with me. from every other
point mentioned fully justifies all the fore
going conclusions.
Though the action taken yesterday by
the four mining companies mentioned in
the foregoing assures the success of the
proposition to develop the Brunswick
lode, there are still three companies to
take final action in the matter. These are
the Hale & Norcross Mining Company, the
Savage Mining Company and the Con-
California & Virginia. The Hale & Nor
cross and the Savage companies hold
stockholders meetings to-day and that for
the Con. California & Virginia is set for
the 21st inst.
1t is thought that the action in each
case will be favorable.