The Eureka sentinel. [volume] (Eureka, Nev.) 1902-current, 1920-03-06
PROSPERITY FOR
EUREKA PREDICTED
Tom Robinson Declares This Dis
u;ct Is Receiving Attention
From New York to San
Francisco

81 am very much gratified with the
situation in Eureka, at least so far
.sit has been possible for me to form
an opinion of conditions during such
brief visit" stated Thomas S. Rob-
iuson. who left Thursday for San
Francisco after spending several days
in Eureka mining district.
whatever prosperity the future
NAV have In store for this district
will be the result of hard and con-
slant labor" he continued, both in
the way Of developing the mines and
also in the way OF seeking to interest
capital.
"The wild mining boom so well
known to Nevada people has always
been based on the discovery of SEN
sationally high grade ore In a new
and untried field. II is not to be ex-
pected that boom OF such character
will ever be experienced in Eureka,
but neither will this camp experience
the disappointments and heartaches
which so often follow a stampede.
81 rather look for a steady and con-
tinuous Improvement both in busi-
ness and mining conditions, which
should gather momentum as the rate
OF underground development in
creases.
Financial conditions generally are
not favorable just now to speculative
activity. and this naturally will have
an indirect effect on local conditions
at least for a time.
What impresses me most is the
very apparent fact that wherever
work has been done the ore bodies
formerly mined near the surface are
found to continue to greater depth
This has been conclusively proved,
especially on the 400 level of the
Croesus. where not only the old chin
neys have been cut under the former
workings but also many new and i'm
portant lenses.
THE work in the Holly mine shows
an improvement of fully 100 per
cent between the 200 and 500 levels
and we are confident the ore bodies
will be very much more important at
the 700 or 500 levels than they now
are. might say in this connection
that the Holly has the rather unique
distinction of having paid its own
way since the present company be-
gan operating nearly three years ago.
During this period a large amount of
dead work has been accomplished
and this. in my opinion. speaks very
well for what may be accomplished
In the operation of Eureka mine.
The high price of silver and lead
Is OF course a matter of tremendous
Importance TO Eureka and makes
possible and feasible consideration
OF methods for reducing the immense
tonnage OF lower grade ores which
are available from one end of the dis
trict to the other. There is now suf-
ncient tonnage established In the var
ious mines to justify construction of
one or more plants for converting the
ores int bullion. Considerable
thought is now being given to this
subject and believe 1t will not be a
great while before some definite plan
VIII be worked out.
Il have been asked regarding out
side opinion of the camp and am glad
10 say that Eureka is getting firmly
on the map from New York to San
francisco. The general opinion is
tnat Eureka has real ore on which
10 build substantial future as dis
tnguished from the usual wildcat
ting.
Eureka stocks are listed on both
the New York Curb and the San
francisco Stock Exchange and have
become popular and continue to at
tract new investment. During the
severe decline of all markets during
tne past month. these Eureka stocks
neid up strongly and were the sub
lect of much favorable comment
among brokers and spectators.
ieei quite sure there is likely to be
strong advance In several of the
hsted Eureka stocks shortly. and II
may prove interesting to local people
70 watch the quotations which are
printed In all of the San Francisco
papers,"