The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-05-24
CREATING NEW ACTIVITY.
1t Is Proposed to Consolidate
All the ComStoCk
Mines.
SEVEN COMPANIES INTERESTED
If the Directors Agree Part Of the
Brunswick Lode VIII Be
Purchased.

A very determined effort is being made
by mining and stock men to reiuvenate, as
it were, the waning interests of the Com
stock lode. AS matter of fact, this prop
erty is just as well known to-day as it ever
was, except that speculation is not so rife
as in olden times.
1t is proposed by those most deeply in
terested in the several mines on the Com
stock lode to amalgamate and purchase
part of the Brunswick lode. This property,
which lies about mile east Of the Com
stock and running parallel with it, has re-
Gently developed some very fine paying
claims, and it is thought that if the Com
stock people can secure sufficient interest
in that direction it will be not only
beneficial to them, but will revive the flag
ging interest in what has always been one
of San Francisco's chief factors of business
namely, an active stock market.
The companies interested in the pro-
posed deal are the Consolidated California
and Virginia, Gould and Curry, Hale and
Norcross, Best and Belcher, Cholar and
Potosi, and the Savage. For months past
ali of these mines except the Consolidated
California and Virginia have been run at
dead loss to the stockholders. Of course
this has no reference to the old workings,
which in several instances have made
large returns of bullion. The Best and
Belcher mine and also the Gould and Curry
are in very bad condition, not pound of
ore has been taken from them for months,
and what is worse, there is nothing in
sight.
The directors of the Chollar and Potosi
mining companies held a meeting yester-
day at which time they heartily approved
the proposed consolidation. The other
intaraSfaH will hold
to-day and tomorrow and it is not expected
that there will be any opposition to the
scheme.
''The proposed consultations" said Mr..
Durbrow, secretary of the Gould and Curry
Company, yesterday, "means revival of
the mining and stock interests of San Fran
cisco. The recent Improvements and de-
velopments in the Occidental mine, which
is part of the Brunswick lode, are the real
cause of the movement. The directors of
the seven mines, as l understand it, pro-
pose to pool issues and purchase 5000 feet
of the Brunswick lode. The property they
have in view lies north and south of the
Sutro tunnel and includes the ST. Johns,
Alabama and Bailey claims. The St.
Johns claim has 1900 feet to the south of
the tunnel, while the com bined Alabama
and Bailey have 2100 feet on the north.
"The Brunswick lode runs parallel with
the Comstock, about mile to the east 1t
IS dUOuC TWO lulIeS III IeuStn, eAGenulNS OH
the north from the Monte Cristo ledge to
the Occidental on the south. Samples of
the groupings at all points give assays.
The greatest width of this lode so far de-
veloped is liz feet. with a perpendicular
depth down to the Sutro tunnel of 400
feet. Regardless of the fact that as yet
but little work has been done, the mine
has produced at least 81, DOC, 600.
"Should the several companies decide to
make the purchase, 1t is understood that
they will share expenses and profits in pro-
portion to the number of feet they hold on
the Comstock ledge.
1.-The Consolidated California and Virginia
mines own 1900 feet the Gould and Curry
700, Best and Belcher 600, Savage 612, Hale
and Norcross 400 feet, Chollar and Potosi
400 feet. My company, Gould and Curry,
hold meeting to-day at noon, and I have
not the slightest doubt that they will pass
resolutions agreeing to the plan"
If the directors of various companies
agree on the plan, meeting of the stock
holders will be called to ratify their action.
1t is not thought that there will be any
material opposition from them. If the
plan is properly executed, there will not be
any increase of monthly expenses, which
will of course be a strong point in favor of
the consolidation and purchase.