The news-democrat. (Providence, R.I.) 1906-1909, 1906-12-10
MINING

Tremendous development is going on on
the historic Comstock Lode. Before long
the famous old Comstock mines must
again be active producers, and competent
authorities T7edict that their yield VIII
exceed that of Bonanza days.
In the Comstock tunnel great work is
being accomplished. more than s200, 900
right nov being spent for equipment. An
electric traction system is TO be immedl-
ately introduced and a large mill VIII be
added to the mill already there.
The recent announcement OF the organ
ization OF the Bonanza corporation testi-
fies TO the awakening OF interest on the
part OF Eastern capitalists I'm Nevada
mining development The fabulous riches
Of the Comstock lode are a matter OF his
tory. From the mines there located came
the great fortunes of the Floods, the
Mackays, the Fairs the O'Briens. and
other pioneers. Actual mining In this dis
trict was suspended because of the great
fall i'm the price OF silver, and because OF
the impossibility 20 years ago OF overcom-
ing natural obstacles, the working OF
lower levels. Conditions are now radi-
cally changed. Silver again commands a
remunerative price and by elecric power
there is no level too deep TO be worked.
Another development undertaken by the
Bonanza Corporation is that OF what is
deemed the most valuable ore body in the
Comstock Tunnel Grant--the Solferinn
lode. nearest OF all to the famous old
Comstock lode and A lode which offers
rare promises under good management
In these days OF mining speculation
much scrutiny is requisite Of neS PROPOSE
tions For example. the remarkable de-
velopment in the Canadian Cabalt dis
tricts are subject To moro or less discus
sion. Some experts go 80 far as 10 doubt
whether the Cabalt mines will prove work
able at low levels. No such doubt can
exist concerning the Comstock property
II Is absolutely known that the great
veins there reach downward 10 incalcul-
able depths. The only problem Is how TO
mine them, and this problem is just ex-
actly what the Bonanza corporation pro-
poses TO solve.
The corporation starts business sd-
mirahly equipped. It's board OF d..
standing and integrity. Its president
Edgar Williams, Is one OF the best
known citizens of New Jersey Apply
the test OF "the men behind the mine"
with flying colors. Its sponsors are
not mere promoters with rainbow
hopes. but are serious, earnest men Of
proven business capacity. and not one
OF them but can be satisfactorily
looked M inIthe mercantile agencies.
~ would seem that there Is no more
profitable field Of exploration than
these Constock mines. The ore lies
there in limitless quantities and there
is an ever ready market for every
ounce that can be produced. The one
question is economical production and
this r. precisely what the Bonanza COR
poration sets out TO accomplish
This enterprise Us singularly free OF
the speculative element which Is so
striking a feature OF most mining
propositions. The work undertaken by
! the Bonanza corporation la OF the
planest everyday characterized n
matter OF scientific mining under COM
petent business management. That iS
ali there is TO ~. No guesscs are re-
| quired---ihc Comstock Lode is there
and ready TO yield w - treasures TO
! skill and energy.