The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-06-29
MAY Be 4 new COMSTOCK.
President Leonard of the Tun-
mel Company Talks of the
Brunswick.
He Awaits a Final Proposition From
the Superintendent OF
the Mines.

Franklin Leonard, president of the Com
stock Tunnel Company, is at the Palace
Hotel, Just returned from an inspection of
the company's property and meeting
with the superintendent of the Comstock
mines represented in the combine that re-
Gently purchased the properties on the
Brunswick lode lying opposite to their
holdings on the Comstock. Mr.. Leonard
was accompanied on his trip to San Fran
cisco by Herman Zadig, who went to Vir-
ginia City last Tuesday to lay before the
superintendents the general outlines of
plan for the working of the newly &C.
quired Brunswick mines through the Com
stock tunnel. Said Mr. Leonard last night:
We had very pleasant meeting, and be-
lieve the result will be the contamination of
an agreement that will put the mine-owners
in way to develop some rich mines on the
Brunswick, and make the tunnel company's
property an ultimate paying proposition. sig
nited TO the superintendents the desire of the
company to place the tunnel at their disposal
at rates that will about cover the expenses.
have such faith in the Brunswick lode proper
ties that with the latitude given me by the
company felt 1T wise to await the develop
ment of the mines for our profit in the enter
prise. AS matters have stood neither the mine
companies nor the tunnel company could
profit by their existence, and in opening p
what is practically new ground the mine COM
panies cannot afford to pay US a margin on the
start.
Having thus signified the disposition of the
Comstock Tunnel Company, l have left it for the
mine superintendents to formulate a propo-
sition which, l think, will be ready for submits
sion when return to Virginia City next week.
If so, shall then return to New York and SUBJ
init the proposition for ratification by the
board of directors. | feel pretty well convinced
that their proposition will be q satisfactory
one.
"Will the contamination of an arrange
mo N hot and the N
superintendent affect the removal of stock
speculation in those properties from San
Francisco to New York;" was asked Mr..
Leonard replied:
You can judge as well as upon that propo-
sition. / will say, however, that there will re-
| suit large buying of stock in those mines by
New York people. The mining department of
| the Consolidated Exchange will do an ex-
| tended business in them, for there is good
| impression of the Brunswick properties among
| the investors of mining stocks in New York.
| My own opinion is that the 81. John, Ala
| bama, Bailey and the Humboldt will prove to
| be as great bonanza as did their opposites on
| the Comstock, namely: The Chollar, Potosi,
| Hale & Norcross, Savage, Gould d Curry, Best
& Belcher, Con. Virginia. If my impression,
| which has been the opinion of the superln-
| tendents of those mines for a long time, holds
good there is some big money for everybody
! Interested; If not, then the whole proposition
| ready to risk it, and only awaits the action of
| the superintendent.
| Mr.. Zadig will accompany Mr.. Leonard
| to Virginia City in the interests of the su-
perintendents.