Volume 08 (1864) (474 pages)

196 The Mining and Scientific Lress, —as —— MINING GOSSIP. EDITED NY FRANK WARDDELL. OBITUARY. Death of Mr. John Young. 4 Tt is a sad task we are called orn this week to announce the death of Mr. Jonny Youne, an old resident and pionecr on the Pacific coast. Mr. Young arrived in California in the year 1846, haying left home with the intention of joining his uncle, the late John Wilson, of Sau Luis Obispo. For quite a period after his arrival here, ho traded extensively hetween California and the Mexican coast. In the yenr 1850 he received the important nppointment of Superintendent of the renowned New Almaden mines, in which capacity he continued until 1863, when the property was disposed of to the Qnicksilver Company. In Decemher last he wns elected President of the famous Gould & Curry Mining Company, and occupied that position up to the time of his death. He was a native of Scotland, and at the time of his decease was in the prime of life, being only in his 40th year. From his early youth he was distiuguished for his industry and perseverance in business, and a high reputation for promptness and integrity in all mercantile pursuits. He was also kind-hearted and benevoleut in all his relations, and ever ready to contribute aid for the relief of the suffering and destitute. It would he vain talk to portray the many excellencies of character possessed by the deceased. He leaves behind him an interesting family, in very independent circumstances. His early and sudden demise will he sincerely lamented by them, and by a wide circle of friends. We tender to the afilicted family the sincerest nssurances of our deepest sympathy and condolence iu this our mutual affliction. We are aware that all the bright appendages of earth fall on the heart during the hours of ench deep and weighty dispensation, and we gazed with silent awe ou those once hright eyes in which had beamed the last expiring intelligence of love and friendship. They are uow closed from earth forever. Yes, he has pnssed away like a flower that has fallen to the enrth ; hut its perfume will uever depart. <Alus! the world was not long for him. He had fought his hnttles hravely, sbook hands and departed. Now he is enshrined in all the dignity of death, pale and pure, a marble statue, a God-wrought monument to his own virtues, which were many and great. Buthe is blest; and though the charm is o'er The secret spell, and no more To ae the heart, the drooping cirele cheer To fill a heartless void he may appear. Yes, he is happy; happier far Ilhan c’er Was mortal pilyrlm in this world of care. From sorrow, sin and suffering he’s at rest; Be this our consolation: he is blest. Subjoined will be found the resolutions which were passed and adopted hy the Trustees of the Gould & Curry Mining Company in honor to his memory : Office of the Gould nnd Curry Silver Mining Company, San Francisco, March 22, 1864—Atn meeting of the T'rustees, held this day, the following preamble and resolutions were adopted : The Trustees of the Gould and Curry Silver Mining Company have heard, with emotions of deep regret and sorrow, of the decease of their late President, Mr. Jonn Youne, they desire to bear public testimony of their appreciation of the great oss which has been sustained in his death, not only hy tho whole community, of which he was a valued citizen, but more especially by the Trustees and stockholders of the corporation over which he had so recently been called to preside. Gifted with business capacity of the highest order, and with sound and unerriug judgment, his mental resourees were equal to all the demands and emergeneies of the large interests which were under his supervision. Governed by a rigid integrity, a strict impartiality and sense of justice, unwnvering devotion and industry in the discharge of his daties, he was equally marked hy the urbanity of his manner and courtesy of demeanor toward all with whom he had relations, which pointed him out as a Christian man aud a true geutleman : : Therefore resolved—That in respect to the mem-. ory of our late President, the offico of the Gould and . Curry Silver Mining Comipany shall he closed until Thursday, 24th inst. 2d. ‘That the ''rustees and officers of the Company attend his funeral. 3d. That a copy of these preamble and resolutions be sent to the family of the deceased, and be published in the daily papers of the city. By order. J. M. Suorwet., Secretary. Removau.—Messrs. Denckla & Chamberlin, Stock and Exchange Brokers, have removed their place of husiness to the corner of Clay and Montgomery Sts. Suir Acainst 4 Minine Company.—P. C. Aignes on the 22d inst., commenced suit against the Fellowes Mining Company for the recovery of the sum of $729, which he states is justly due him for work he has done in the mine. Feet) Freer! Frer!—Mr. Parker wants his fect, and demands the snme from the Ophir of tho Colorado Company, hy instituting a suit in the Fourth District Court. He says the Company refuses to issue him 200 feet of the stock, which helongsto him ‘as one of the originul locators. Eurexa G. ann §.M. Co.—The ‘Trustees of this company have declared a dividend of 114 per cent. on the capital stock. The same was paynhle on the 23d iust. Anotuer New Map.—Mr. A. K. Bishop has finished a neat and correct map of the Alsop Company’s lodes, being those that were originnlly located by him in Sierra connty. It comprises the Hehrew, Ohio, Pocahontas, Washington, Narragansett, Cox and Mammoth No. 2. There are a variety of other claims on the map, which are located in the sume vicinity, owned by other parties, independent of this company’s lodes. Cosata Sitver Mininc Company.—This compnny has received, during the past week, from their mine in Mexico, nearly 500 ounces iu hullion. The company have in progress a fine mill, which they expect to have completed in a few months. ‘he cost of the same, when completed, will be in the vicinity of $10,000, exclusive of transportation, which will be very expensive. Harmon Co., Eu Dorano.—The excitement herotofore prevailing in this stock has, so it seems, wonderfully suhsided and left, uo doubt, many buyers at high figures in a harmonized condition. We trust our friends up country won’t think hard of us for this joke. Farores.—T wo important failures among ourstock operators have heen announced upou the street during the past few days. As we can find uo certainty attached to the rumor, we refrain from making the nnmes public. The facinations of Lady Bryan have been, we learn, one of the prime causes of their downfall. Crocrer G. & S. M. Co., Esmeratna.—We should judge, if appearances in the way of prices, ete., are any indication that this claim had caught the prevailing disease from their neighbors, the Real Del Monte and Wide West Co’s. The stock has been throwu on the market, in large qunutities, and sold at very low figures. The reports we hear concerning it aye anything but favorable. Do.t Timrs.—The hrokers up in Washoe seem to have hnd a touch of our dull times, according to the accounts from their papers lately received here. They say that times are very quiet. Wild cat stock has not the least attention shown it, and stock evcu well knowu and in fair market standing is not offered in the Board for sale on account of the ridiculous hids that are made. Rear Der Moyxte.—The accounts whicli are heing constantly received here, we must say, are very encouraging ones to the stockholders. They continue to take out plenty of good pay rock, and have now the Stark & Tucker mill, on Bodie Gulch, running . steadily night and day, on their ore. . Garrison ann Tucker Arrair.—The examinntion of Jolin W. Tucker upou the charge of being the party who caused certain fraudulent dispatches to he forwarded to this city, regarding the Wide West mine, came up in the Police Court on the 25th inst., when the counsel for the defendant pleaded the stntute of limitations—that more than one year having passed since the alleged charge had taken place previous to the entering of said complaiut. The prosecution admitted the plea, and the caso was therefore dismissed by the Court. ‘Thus ends for the time being, the sensational romance of the Wide West. Mr. Tucker camo out with an excellent card in an evening paper, vindicating his character, ete. If spnce would admit, we would like to publish it, hut we are compelled to forhenr. Broxers on tHe Muscte.—On the ufternoon of the 25th, quite a lively and scientific pugilistic encounter took place hetween two promiuent memhers of the Ist Board. The artistic manuer displayed in the fight really reminded us of the days of the old Indian hunters, and the hravery could not have heon excelled even in the days of Perry’s victory. Come, gentlemen, this idea of knocking ench other down is poor poliey—you should confine that part of the husiness exclusively to stocks. Rica.—New and extensive diggings have heen found near Little Grass Valley, in Plumas county. From all accounts, says the Quiney Union, the niines there nre as rich as any in the Boise River region. All the trouble is, they are not a thousand miles away, clse there would be a “tremendous rush” and excitement. Besr & Be.cuen M. Co.—From recent accounts received from the superiutendent of tho mine (who hy the hy is a reliable and competent mnnager) it appears that they nro down in their shaft 390 feet, and commenced a few days ago to drift for the ledge. Most of this stock is held hy a few private parties and very little offering on the market for snle. The affairs of the company were never ina hetter condition than at present. Lapy Bryan.—Yhis stock has been the principle and leading fenture in the mining shnre morket during the past week. Immense quantitics hnve ehnnged hands at advanced market rates, owing to the receipt of several favorahle despatches stating “they bad struck the ledge in the lower drift very rich.” It is said thnt the rock is of an entirely different character from whnt was discovered sometime ngo, and, in appearance, at least, looks much richer. Buexeye.—A. W. Stetson, Superintendant of this mine, reports that everything is progressing fincly, the quartz has a good appearance, is becoming harder and the ledge widening as they go down. Heavy Saues.—There was $49,000 worth of Greenbacks sold in the first Stock and Exchange Bonrd, on the afteruoon of the 25th. Burning Moscow Stock has advanced in price, and quite a quantity hns heen silently purchased on the “ outside.”, We would not he surprised to see this stock take another flight. It is almost time. Sarr Mines.—The Sand Spring salt mines on the Reese River Road, N. T., produce thirty tons of salt per day, covering eighteen huudred acres, and tbe salt is from fifteen to twenty feet deep. Psrer Donauur, of this city, according to the Marysville Appeal, has purchased two hundred and fifty neres of the Stockton Ranch, opposite the Raco ‘Track near that city, where he intends to erect a country residence. Tue Mexican Murye, according to the Virginia Bulletin, yielded 9 net profit of $104,060 during the month of Fehruary. This is at the rate of $1,040 per foot —a pretty good monthly dividend. Isporrant petroleum discoveries nre reported in Southern Russia. an

196 The Mining and Scientific Lress, —as —— MINING GOSSIP. EDITED NY FRANK WARDDELL. OBITUARY. Death of Mr. John Young. 4 Tt is a sad task we are called orn this week to announce the death of Mr. Jonny Youne, an old resident and pionecr on the Pacific coast. Mr. Young arrived in California in the year 1846, haying left home with the intention of joining his uncle, the late John Wilson, of Sau Luis Obispo. For quite a period after his arrival here, ho traded extensively hetween California and the Mexican coast. In the yenr 1850 he received the important nppointment of Superintendent of the renowned New Almaden mines, in which capacity he continued until 1863, when the property was disposed of to the Qnicksilver Company. In Decemher last he wns elected President of the famous Gould & Curry Mining Company, and occupied that position up to the time of his death. He was a native of Scotland, and at the time of his decease was in the prime of life, being only in his 40th year. From his early youth he was distiuguished for his industry and perseverance in business, and a high reputation for promptness and integrity in all mercantile pursuits. He was also kind-hearted and benevoleut in all his relations, and ever ready to contribute aid for the relief of the suffering and destitute. It would he vain talk to portray the many excellencies of character possessed by the deceased. He leaves behind him an interesting family, in very independent circumstances. His early and sudden demise will he sincerely lamented by them, and by a wide circle of friends. We tender to the afilicted family the sincerest nssurances of our deepest sympathy and condolence iu this our mutual affliction. We are aware that all the bright appendages of earth fall on the heart during the hours of ench deep and weighty dispensation, and we gazed with silent awe ou those once hright eyes in which had beamed the last expiring intelligence of love and friendship. They are uow closed from earth forever. Yes, he has pnssed away like a flower that has fallen to the enrth ; hut its perfume will uever depart. <Alus! the world was not long for him. He had fought his hnttles hravely, sbook hands and departed. Now he is enshrined in all the dignity of death, pale and pure, a marble statue, a God-wrought monument to his own virtues, which were many and great. Buthe is blest; and though the charm is o'er The secret spell, and no more To ae the heart, the drooping cirele cheer To fill a heartless void he may appear. Yes, he is happy; happier far Ilhan c’er Was mortal pilyrlm in this world of care. From sorrow, sin and suffering he’s at rest; Be this our consolation: he is blest. Subjoined will be found the resolutions which were passed and adopted hy the Trustees of the Gould & Curry Mining Company in honor to his memory : Office of the Gould nnd Curry Silver Mining Company, San Francisco, March 22, 1864—Atn meeting of the T'rustees, held this day, the following preamble and resolutions were adopted : The Trustees of the Gould and Curry Silver Mining Company have heard, with emotions of deep regret and sorrow, of the decease of their late President, Mr. Jonn Youne, they desire to bear public testimony of their appreciation of the great oss which has been sustained in his death, not only hy tho whole community, of which he was a valued citizen, but more especially by the Trustees and stockholders of the corporation over which he had so recently been called to preside. Gifted with business capacity of the highest order, and with sound and unerriug judgment, his mental resourees were equal to all the demands and emergeneies of the large interests which were under his supervision. Governed by a rigid integrity, a strict impartiality and sense of justice, unwnvering devotion and industry in the discharge of his daties, he was equally marked hy the urbanity of his manner and courtesy of demeanor toward all with whom he had relations, which pointed him out as a Christian man aud a true geutleman : : Therefore resolved—That in respect to the mem-. ory of our late President, the offico of the Gould and . Curry Silver Mining Comipany shall he closed until Thursday, 24th inst. 2d. ‘That the ''rustees and officers of the Company attend his funeral. 3d. That a copy of these preamble and resolutions be sent to the family of the deceased, and be published in the daily papers of the city. By order. J. M. Suorwet., Secretary. Removau.—Messrs. Denckla & Chamberlin, Stock and Exchange Brokers, have removed their place of husiness to the corner of Clay and Montgomery Sts. Suir Acainst 4 Minine Company.—P. C. Aignes on the 22d inst., commenced suit against the Fellowes Mining Company for the recovery of the sum of $729, which he states is justly due him for work he has done in the mine. Feet) Freer! Frer!—Mr. Parker wants his fect, and demands the snme from the Ophir of tho Colorado Company, hy instituting a suit in the Fourth District Court. He says the Company refuses to issue him 200 feet of the stock, which helongsto him ‘as one of the originul locators. Eurexa G. ann §.M. Co.—The ‘Trustees of this company have declared a dividend of 114 per cent. on the capital stock. The same was paynhle on the 23d iust. Anotuer New Map.—Mr. A. K. Bishop has finished a neat and correct map of the Alsop Company’s lodes, being those that were originnlly located by him in Sierra connty. It comprises the Hehrew, Ohio, Pocahontas, Washington, Narragansett, Cox and Mammoth No. 2. There are a variety of other claims on the map, which are located in the sume vicinity, owned by other parties, independent of this company’s lodes. Cosata Sitver Mininc Company.—This compnny has received, during the past week, from their mine in Mexico, nearly 500 ounces iu hullion. The company have in progress a fine mill, which they expect to have completed in a few months. ‘he cost of

the same, when completed, will be in the vicinity of $10,000, exclusive of transportation, which will be very expensive. Harmon Co., Eu Dorano.—The excitement herotofore prevailing in this stock has, so it seems, wonderfully suhsided and left, uo doubt, many buyers at high figures in a harmonized condition. We trust our friends up country won’t think hard of us for this joke. Farores.—T wo important failures among ourstock operators have heen announced upou the street during the past few days. As we can find uo certainty attached to the rumor, we refrain from making the nnmes public. The facinations of Lady Bryan have been, we learn, one of the prime causes of their downfall. Crocrer G. & S. M. Co., Esmeratna.—We should judge, if appearances in the way of prices, ete., are any indication that this claim had caught the prevailing disease from their neighbors, the Real Del Monte and Wide West Co’s. The stock has been throwu on the market, in large qunutities, and sold at very low figures. The reports we hear concerning it aye anything but favorable. Do.t Timrs.—The hrokers up in Washoe seem to have hnd a touch of our dull times, according to the accounts from their papers lately received here. They say that times are very quiet. Wild cat stock has not the least attention shown it, and stock evcu well knowu and in fair market standing is not offered in the Board for sale on account of the ridiculous hids that are made. Rear Der Moyxte.—The accounts whicli are heing constantly received here, we must say, are very encouraging ones to the stockholders. They continue to take out plenty of good pay rock, and have now the Stark & Tucker mill, on Bodie Gulch, running . steadily night and day, on their ore. . Garrison ann Tucker Arrair.—The examinntion of Jolin W. Tucker upou the charge of being the party who caused certain fraudulent dispatches to he forwarded to this city, regarding the Wide West mine, came up in the Police Court on the 25th inst., when the counsel for the defendant pleaded the stntute of limitations—that more than one year having passed since the alleged charge had taken place previous to the entering of said complaiut. The prosecution admitted the plea, and the caso was therefore dismissed by the Court. ‘Thus ends for the time being, the sensational romance of the Wide West. Mr. Tucker camo out with an excellent card in an evening paper, vindicating his character, ete. If spnce would admit, we would like to publish it, hut we are compelled to forhenr. Broxers on tHe Muscte.—On the ufternoon of the 25th, quite a lively and scientific pugilistic encounter took place hetween two promiuent memhers of the Ist Board. The artistic manuer displayed in the fight really reminded us of the days of the old Indian hunters, and the hravery could not have heon excelled even in the days of Perry’s victory. Come, gentlemen, this idea of knocking ench other down is poor poliey—you should confine that part of the husiness exclusively to stocks. Rica.—New and extensive diggings have heen found near Little Grass Valley, in Plumas county. From all accounts, says the Quiney Union, the niines there nre as rich as any in the Boise River region. All the trouble is, they are not a thousand miles away, clse there would be a “tremendous rush” and excitement. Besr & Be.cuen M. Co.—From recent accounts received from the superiutendent of tho mine (who hy the hy is a reliable and competent mnnager) it appears that they nro down in their shaft 390 feet, and commenced a few days ago to drift for the ledge. Most of this stock is held hy a few private parties and very little offering on the market for snle. The affairs of the company were never ina hetter condition than at present. Lapy Bryan.—Yhis stock has been the principle and leading fenture in the mining shnre morket during the past week. Immense quantitics hnve ehnnged hands at advanced market rates, owing to the receipt of several favorahle despatches stating “they bad struck the ledge in the lower drift very rich.” It is said thnt the rock is of an entirely different character from whnt was discovered sometime ngo, and, in appearance, at least, looks much richer. Buexeye.—A. W. Stetson, Superintendant of this mine, reports that everything is progressing fincly, the quartz has a good appearance, is becoming harder and the ledge widening as they go down. Heavy Saues.—There was $49,000 worth of Greenbacks sold in the first Stock and Exchange Bonrd, on the afteruoon of the 25th. Burning Moscow Stock has advanced in price, and quite a quantity hns heen silently purchased on the “ outside.”, We would not he surprised to see this stock take another flight. It is almost time. Sarr Mines.—The Sand Spring salt mines on the Reese River Road, N. T., produce thirty tons of salt per day, covering eighteen huudred acres, and tbe salt is from fifteen to twenty feet deep. Psrer Donauur, of this city, according to the Marysville Appeal, has purchased two hundred and fifty neres of the Stockton Ranch, opposite the Raco ‘Track near that city, where he intends to erect a country residence. Tue Mexican Murye, according to the Virginia Bulletin, yielded 9 net profit of $104,060 during the month of Fehruary. This is at the rate of $1,040 per foot —a pretty good monthly dividend. Isporrant petroleum discoveries nre reported in Southern Russia. an