The San Francisco call., 1896-06-28
Mackay Says $5OO,oOO,ooO
Can Be Taken From
the Mother Lode.
Gotham Hotel-Keepers Complain
Of Hard Times-Wedding of
Ella Sterling CumminS.
Gossip From the Eastern Metropolis
About Men and Women of the
Golden Coast.

NEW YORK, N. Y, June 23.-New
York has mining exchange with Cali
fornian at the head of it 1 refer to the
Mining and Industrial Exchange at As
New street and to Stephen H. Emmens,
its president. This newly organized in
stitution, having membership already of
nearly 100, has been organized on the plan
of most all stock exchanges, but its presi-
dent. having large mining interests in
California, proposes to push California
properties to the front
81 have, said he, "been associated with
the great mother lode mining belt of Cali
fornla ior several years past and it is my
intention so far as l am able to boom the
merits of that wonderful gold bearing
lode to the utmost. There are eight valu-
able mines in Amador County of which 1
nave the honor TO be president, and l
have had them thoroughly investigated,
as have others, with the result that such
men and authorities as Clarence King.
ex-head of the United States Geological
Survey, and Professor Penrose, the pro-
fessor of geology at the Chicago Univers-
ity, pronounce the mother lode of Cali
fornia as the greatest gold bearing min
GEd1 S6CIlOn III the OnlI6Q SoLdIeS.
mining men all over California con-
cede that the mother lode is far and
away ahead of any similar deposit known.
It is 110 miles long ana covers five coun-
ties. That is to say, it is visible from
groupings for that distance. How much
farther it extends it is hard to say, but for
that distance its existence is certain.
Clarence King and Professor Penr ose were
acting at the time of their Investigations
for Ferdinand w. Peck of the Chicago
Auditorium. Mr.. Peck is at the present
time associated with John w. Mackay,
John P. Jones, ]. B. Haggin and other
millionaires who are preparing and are at
the present time at work on a gigantic
mining scheme on the Fremont Grant in
Mariposa County, founded for the purpose
of developing the mother lode. Mr.. Peck
told me when last in New York. and you
are at liberty to quote me with the state
ment, that John Mackay believed it was
possible to take out $500, 100000, and that
he expected to do it with the aid of his
associates. OF course 1 represent but
small section of the great lode, but I use
these facts to show those who are not IA
miIiar with the case that it is the logical
EOlu-plOQuClL2 CCllOI VI lu6 ODllGQ
States. | read not long ago, in THE CALL,
believe, that the annual output of gold
for the fiscal year would be % per cent
over the record of last year closing IN July,
1895 1 am of the impression that it will
be more than that. but those figures are at
least safe"
Mr.. Emmens further stated that it was
the purpose of the exchange to appoint
agents in California to further promote
the sale OF mines listed from that State,
and that every effort would be made to
do business with the European markets.
That Mr. Emmens stands well it will be
sufficiently convincing to state that he is
the inventor of Emmensite, the new ex-
plosive recently adopted by the Govern
ment, and aside from being president of
the Amador Railroad, he stands on firm
personal and financial footing at Washing
ton. He has only recently returned from
California, where he has been for the last
two years pushing matters to a close for
the purpose of getting good mining deals
before the public.
Charles NJ. Maxwell of San Francisco
has been at the Holland House 1or the
last few days and will shortly return to
the coast, having closed a deal for some
gold mining properties in Yuba County
A syndicate has been formed and an
eight-stamp mill is now in construction
A force of twenty-five men will be put to
work Immediately on his return, and by
the middle of the summer it is expected
that some unusual developments will be
made, as the indications thus far point to
rock that will go high in the assay er's
crucible.
Mining appears to be picking up from
all appearances and New York seems 70
be full of buyers.
Mrs. Orrin Black arrived in this city last
week and is staying with friends at % West
Thirty-second street. Mrs Black is here
Tor the purpose Of doing some special work
on the Journal and VIII return to San
Francisco in about two months, preferring
IL, as she says, to "overgrown New York "
The wedding of Phillip Mighels and
Ella Sterling Cummins, at Chapel Hill,
n. J., last Wednesday, was quite roman
tic affair and was well attended by repre-
sentatives OF the local literary colony.
J. B. Ferguson, the Bay District and In
gleside starter. is getting things in readi-
ness to put up the Australian starting ma
chine at Gravesend. The baraphernalia is
arriving daily and trial is to be made
soon. Mr.. Ferguson will also take in the
Montana circuit before returning to what
he says is the finest country he ever
w''-CalifoTnia.
Police circles are echoing with the re-
port that Com missioner M. A. Gunst of
San Francisco is soon to make visit to
his friends, Roosevelt and Conlon. When
NJ. A. arrives here every one of the finest
will have his hat brushed, knowing that
Mr. Gunst is a stickIer for style.
met an old Comstocker down on Wall
street recently. He was holding forth to
bevy of Fasteners, and trying his best
70 convince them that the West was the
only part of the earth that young man
could find any real announcement in.
why, said he, swinging his arm over
his head, and bringing his fist down on
the paling of the Treasury steps, 81 used
to get 800 month in Gold Hill clerking in
a store in 1872"
Ninety dollars is no wages" ventured
a bystander.
mo wagesP" INQUIRED the Westerner, !