Year: 1874

ginning to be prospected. None of them
are daily horaded in the stock market to
be bulled or beared" T" on the street.
or in the Board, to suit the "vain tricks
and dark ways " of stock manipulators.
Those owning them are satisfied with their
Investments, their dividends, and future
prospects. Those purchasing and devcl-
oping them have gone into no blind spec
ulation, whereby the work of crew of
men for a week or month would disclose
the fact that there was not a mine and
then from month TO month, and year TO
year, levy assessments to hHlH for one, by
which means the unsuspccting are Aeeced
to keep up we'll furnished offices and n
well organized band of high salaried
officials.


Three-fourths Of the lode mines on this
side Of the Rocky Mountains were never
worth the name of mine-have never
paid dividend, and never will. A dis
covery is made of boulder, or seam of
quartz, between the rocks at or near the
surtace-rich often in gold or siver-it
dazzles and bewildcrs the gain-loving
mind-every body rushes in and takes
stock at fabulous prices, not knowing
whether the seam or boulder extends ten
or thousand feet deep. An organization
is effected by the election of three or five
trustees at high salaries, high toned Of
flee with luXuriant furniture is rented
somewhere in the vicinity of California
and Montgomery streets. a clerk or
secretary is there during Office hours-thc
trustees drop in almost daily-Sundays
excepted, to enjoy quietly their IIavanas
and rack their over-worked brains in fig
uring up the amount of assessments ne
cessary from month to month to enable
the trustees, aforesaid, to pay themselves
their salaries, their office rent, fuel, sta
tionery, and keep so many men Mt work
at so much per day. And 81 it goes from
month to month, and year to ycar-thc
stockholders coming down with the dust
in the vain hope TO save what they have
already expended or on the encouraging
report of the gentlemanly Superintendent,
who shows plainly-on papcr-that there
are "splendd indications ahead" Had
the money that has been foolishly ex-
pended on this kind of mining been in
vested in hydraulic mining-if could
not pave your streets with gold-I could
insure that your banks would have plenty
a ia Loan Of 81
cent. per annum, instead Of one to one
and-a quarter per month, interest pay
able monthly"


Let any man with practical eye travel
through our gravel ranges from Trinity
to FL Dorado, see the territories of gold
bearing gravel waiting to be washed away
by the waters in the streams on either
hand, and the golden nuggets swelling
the commercial arteries Of the wo,ld,
building cities and manufactures, cult
waiting the hundreds of thousands of uu-
broken acres, and rearing homes Of hap
piness and palatial magnifcence from
where the waves leap against the shore to
away up the sides of the Sierras, and he
will be astonished to see how this age has
gone mad, in blind hunt for the imo9
mary, when the real was so plain before
them. With hydraulic mining expert
ence Of more than twenty years, | am
not able to call to mind a single failure
when conducted under the system Of high
pressure with approved nozzles. To in
vest in a gravel mine is as plain as to buy
lot in your city-everything is in sight
you can measure its width, depth and
length. You can within a fraction tell
the number Of cubic feet or yards it con
tains after n cheap test, you can tell
within n few cents how much it will pay
per cubic yard you can closely estimate
the cost of separating the gold from the
earth in fact you can measure it like Il
pile Of lumber aud tell how much it will
| pay per thousand feet.


Now, if hydraulic miners would from
! time to time give statements to the press
Of the number of cubic yards of earth
that they wash from one cleanup to
another; the gross yield per cubic yard,
and also the cost in water, labor, etc, per
cubic yard, and the net products per cubic
yard, they would not only create fund
of valuable information for themselves,
but assist each other and benefit mankind
in the development of mines that would
yield handsome dividends instead Of levy
ing ruinous assessments. Thousands OF
acres wait development.--"H HydrdHtic
Miner" Ia Mining Press.