The Eureka sentinel. [volume] (Eureka, Nev.) 1902-current, 1920-01-17

made on the old Ruby Hill mines
have been circulated. and as many
times have come to naught. For ten
loug years Eureka has been looking
forward to the day when the big
mines on the Hill would reopen, and
prosperity would again shine on the
camp. So productive were these prop
critics for forty years that they be-
came famous throughout the mining
world; and their known ore bodies
today give assurance OF many years
to come of profitable production. ir-
respective of enormous possibilities
In new,ore chambers to be found with
greater depth and lateral develop
ment.
Consequently when the news came
this week that all arrangements had
been concluded to reopen the mines.
and that operations would commence
at once, the people OF Eureka real
lied that the last link of the chains
that had bound II for years to men,
cries OF past glories, had been brok-
en-. No longer was IL TO be one of
the ghost cities. With silver In the
saddle. Eureka is staging the great
est come back" of them all. "Ev-
erything comes to him who waits"
and Eureka has sure waited.
The Mining and Development Com
pany Of Maine has transferred to the
Ruby Hill Development Company its
lease to operate the Richmond-Eu-
reka Mines and its mines. and its op-
ton to buy 254.000 of the $4,000
issued shares of the Richmond -Eu-
reka Mining Company at 50 per share.
For the lease and option the Mining
and Development Company receives
100000 shares of the Ruby Hill De-
velopment Company.
The lease secured by the Mining &
Development Company, which has
been transferred to the Ruby Hill De-
velopment Company, calls for the
payment of a royalty OF 15% on the
ore extracted. which is to apply on
the purchase price of the stock In
event the option is exercised. The
contract with the Richmond-Eureka
Mining Company also calls for cer-
tain development work, that is to be
paid in stock at 50 per share.
This week Edward Hotter, Presi-
dent; H. Kingsmill, General Man
ager; s. |. Daspit. in charge of i'm
mediate operations at the mine; and
H. W. Heine, a mining engineer, ar
rived In Eureka to arrange for the
resumption Of work In the shafts. Mr..
Kingsmill, who examined the mines
last Fall. together with Mr.. Hender-
son, and who will be remembered by
many Eureka residents, said to the
Sentinel" representatives:
The Ruby Hill Development CON-
pany. a corporation organized un,.er
the laws Of the State of Delaware. has
taken lease upon the Ruby Hill
mines Of the Richmond Eureka Min
ing Company and active mining op-
erations at the LOGAN shaft of the
property will be commenced al soon
a. sufficiently large fuel supply has
accumulated to insure continuous op-
erations.
Arrangements have been entered
INTO with the Eureka-Nevada Railway
Co. whereby the track which was TAX
en out some years ago on the Ruby
Hill spur will be relaid. SO that coal
may be hauled in carloads to the
storage bins at the mines.
1T is the intention of the leasing
company to dewater the LOGAN shaft.
install the heavy duty station pumps
aiready on the property. and to COM
mence sinking operations. The mines
wiz be explored and developed at
much lower horizon than formerly"
II will take several weeks to get
ready for the actual commencement
VI mining operations. The first re-
saisite, as stated above, is to rebuild
'ne railroad SO that an ample supply
VI fael and material can be delivered
/" me mines. Work on the railway
spur Will be begun at once. All the
suiioings and machinery at the mines
nave had the best of care for the past
'en years and require a minimum of
repairs. The big pumps, brought in
asre In 1910 and never placed in po-
auon. the hoists. compressors. and
o'ner machinery are all in as good
s0naition as when the mine closed