The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-12-08
Increased Value Disclosed in Con.
tinued Investigation Of
the Buckeye.
MILLIONS IN ANTICIPATION.
The Appeal Advises the Calling Of a
Miners Convention to Protect
Investors.

CARSON, New, Dec. THE more the
Buckeye placers are investigated the richer
they seem to be. It is now estimated that
it is 300 feet to bedrock, and if this is the
case the gold deposits will, by rough esti-
mate, reach the enormous SUM of $275, 000,-
600. Some old gold M liners say that if the
nuggets which lie near the surface run
over $780, as some of them have, they will
at depth of 300 feet run into the thou
sands. 1t is the purpose of the purchasers
of the Buckeye to also take in the Pine Nut
group near by, and assessment work is
being pushed in the latter district so that
everybody owning claims there will have a
solid grip on them by January 1 next.
The new strike in Pine Nut in the Eziel
claim is fully verified, and shows richer
than the original Zirn mine. The LIE
Grande group of placers at Silver City are
now panning out So Is to the cubic yard,
and experts say that no other such gold
find has ever been made in Nevada. AS a
matter of fact the channel has carried the
wash of the gold end of the Comstock for
centuries, and has been overlooked until
recently. Fully forty men are now at
work there for the Orc Fine Company.
Within the past week hundreds OF acres of
placer have been located in the Seigel dis
trict beyond Pine Nut.
The Del Mar district has now an output
from one mill of 100000, which will soon
be increased TO $500, COO. The Appeal of
this morning adv coates the calling OF q
miners convention at Carson at an early
date to select State mining commission
to regulate the sale of mining claims in
Nevada and protect outside investors and
stockholders from swindlers. 1t says:
There will be big mining boom here in tn
spring If outside investors realize that they
will be given correct information in Nevada
and protected by the commission. 1t will
cause millions of capital to come here in 1896
and give the State such lift, by way of devel-
opment, as it never had before. The commits
sion could also arbitrate in mining disputes
and save much expensive litigation. Nevada
te Wor
swindles have been practiced here. A
change must take place before Nevada
will stand clean in mining circles. After
the commission is established let all mining
locators who have claims for sale send full
description of their claims to the board and
pay a small fee. The board can hire experts to
examine and verify the reports. If the experts
find the report correct the board can indorse
1t. II not the sentence "Not verified by the
facts written across the report and signed by
the board would teach the man who attempted
to deceive the board that he had thrown away
his time. Under this system Eastern capital
lists could get on the track OF the best prop
critics in the State very easily and feel con-
fidence in investig ating. The board would
soon have fund to prosecute legally all kinds
of mine swindling and sailing and also pro-
tect stockholders. Such board would be q
power in the State in q few years and the bene.
lit to Nevada would be of the most substantial
character.