Volume 08 (1864) (474 pages)

Che Mining and Scientific Press, 265 Alining Gossip. EDITED BY. cece eee een ee FOR THK MINENG AND SCIRSTIFIC PRESS, How Some People Get Rich, To illustrate how some peoplo “ fall into,” ns you may term it, immenge furtones, aud then take unto themselves the fulse notion thot the samo was cunsed hy their good husiness quulities and shrewdness of ehnracter, we will stato nn iustanee within our own kuowledge whieh took plnce iu this eity recently. ‘Ihe cireumstances nore these: A hardworking, indnstrions meehanic, with very ordinary intellect, hnd, after three yeors of hard labor, mannged to uccnmulate the sum of from $1,000 to $1,500. Ono day, in the course of conversation with an acquaintance, who wns the possessor of more hrains than he liad mioney (for, to tell the truth, he was a hroken-down personago, although possessed of great hope for the future), he remarked that he thonght if ho could procure the sum of $1,000 he could invest it in a good operation, in the way of a mine, which would, eventually, make them hoth very rich. The eapitalist (for such he was in this ease) eould not, at first, see the point; and the faet of the niatter wos, he thonght stoeks were almost too permanent an investment for his money. However, after much eonsideration and argument on the pnrt of the person wbo would have him invest, he nt last as sented, forgetting to obtain anything in the shape of a written doeument to show that he had loaned the amount, or even given it in trust as an investment. Well, the money was all duly used in the mining project, and nearly a year rolled on and no sign of the loaner either obtaining his principal or even interest on the money, for it was understood mutually between them that the money should draw an interest. One day he came holdly forth, and said that he wanted his money out of the affair; that he was siek of mines, and commenced to ery like a ehild. The operator told him it was no nose to act in such a childish manner ; be knew that the money was now in ferra firma, and he must wait until the enterprise repaid it ; it would not do to ahandon their undertaking now, and, furthermore, he said, “I don’t know that yor have any money in the mine, or that you enn prove either that I ever borrowed any from you ; go it will be useless for you to eommenee any action tu recover the amount.” So off goes the loaner, almost broken-hearted, lamenting his fate, nnd, seeing no reeourse, came to the wise conclusiou to put tbe amount down to profit and loss aecouut. About three months after the conversation took plaee, the loaner of the money reeeived a note, stating that his friend had struek it very rieh in the mine, and shares eonld he sold inthe market for $4100. The loaner started the next day to where the mine was located, saw his aequaintance, who greeted him with a smile, teealling to his mind the fact of how foolish he desired to aet a few months ago, and at the same time presented him with an order upon a banking house in this eity for the snug sum of $36,000, with interest on the horrowed money, heing his one-half share of the investment. Now he lives in a splendid residenee, drives his team, aud you will see this aame individual, the loaner of the money, strutting up and down our thoroughfares, deeming himself the “ observed of all observers,” often saying, in the eourse of eonversatiou, what a thing it is for a man to be a shrewd, careful operator, like himself, and to know what to invest in, and how strange it was to him to witness so many poor people in our midst ; when, if it had not been that he was eompelled hy foree to remonin in the enterprise, he would, in all probahility, haye been as poor, and in as miserable a condition, as before. There are hundreds of just such cases we eould illustrate if we desired to. Paciric Grass Worxs.—This eompany filed a certificate on the 19th inst. for an inerease of their capital stock from $50,000 to $150,000. Foon ror tuk Mixers.—Over 2,500 head of sheep passed uear Aurora, hound for Reese River, during the first of last week. We doubt not but that they will reeeive a eordial welcome by the mivers in that locality. Din xor Acaeer.—The jury in thie ense of the Snynge Compnny vs. North Potosi, did not agreo, ond were thereupon dismissed. We learn that they stood eight for the North Potosi and four for the Savage. As soon ns the news reaehed the eity, up went North Potost to quite respeetable figures. Axotuga Accipest —Mr. J. W. Parker, a large owner in the Antelope mine, Esmeralda, was iustantly killed, while at work in the lower shaft of the mine, by the eaving in of earth upon him. He was sixtyone years of nge. Mit, Destroyen.—Ou the afternoon of the 16th inst., the Gould Quartz Mill, Virginia, was totally destroyed by fire. Loss estimated at between $0,000 and $50,000, with-only $5,000 insuranee. The owners of the mill nre Messrs. Carver & Stanchfield. The fire enught in the wood room, situated directly in front of the furnaces. Homestran Assoeration.—The artieles of incorporation of the Metropolitan Homestead Association were filed on the 20th inst. The capital stoek of the Company is $7,200. The Trustees are A. Crawford, W. Hollis, E Barry, W. Irvine, S. Sellick, J. MeGuirk and J. Clark. Berrea—Mr. W. P. Denekla, President of the Pacific Board of Brokers, we are pleased to state, eontinnes to improve,and says he hopes to he among his many friends again in the eourse of two weeks, at the furthest. We trust his hopes may he realized. Famure.—During the week another one of our leading brokers had to snspend payment, owing to unlucky epeculatious in Real del Monte and Lady Bryan stocks. ‘The party in questiou is a smart, hard-working, energetie business man, and we nlways feel sorry to ehroniele the misfortuue of a person possessing such good qualities. Quite a Save.—A sale of two hundred feet in one of the sub-divisions of the renowned Moss lead, situated in the Colorado eountry, also two huudred feet ina neighhoriug elaim, is reported ag having heen made to a eompany in Philadelphia, for the sum of $55,000. We give the rnmor for what it is worth, as there is nothiug authentie known eoncerning the transaetion. Exretiox.—At a meeting of the stockholders of the Bullion Miniug Company, held at Virginia City, April 15th, the following gentlemen were duly elected: 8. T. Gage, President ; R. C. Chappell, J. W. Mickey and D. C. Benham, Trustees ; J. M. Walker, Superintendent; Messrs. Paxtou & Thornburgh, Treasurers ; B. W. Tomlin, Transfer Secretary (606 Merchant street, 5. F.,); G. W. Hopkins, Secretary. Buexeyve.—On the 19th inst. this stock showed a decided improvement in the Boards in the way of} priee, on aecount of the result of 229 ths. of their ore worked, whieh gives a return at the rate of. $54.78 per ton, and a fire assay of $113.54. The . Superintendent states that they have plenty of this! description of ore, and that the mine is iu the very best eondition. — Lapy Bryan.—The superintendent, in a letter reeeived here, hy the compauy, on the 22nd instant, says he has struek a body of quartz of a very good character. ‘The main drifts have also improved, the quartz being of a much better qnality and the rock much harder; therefore, they will not bo able to make ! such rapid headway as heretofore. Ayotmer Powner Houss.— A fine building of stoue, for a powder house, is being erected on the Protrero, just beyond the Rope-Walk. The building will be two storics bigh and 30x 50 feet, capable of storiug 25,000 kegs of powder. lorcrry.—Two well known deteetives of this city might have been seen by the elose observer, hard at work on the afternoon of the 20th inst., “ working up” a ense whieh had been plaeed in their hands for deteetion. Tirst you would see these shrewd worthies dart into one brokerage estnhlishment, theu into another, until our hump of curiosity heeame nronsed, ond from the fact that they eonfiued their enquiries to brokerage eoneerns, we came to the conelusion that it must he in our line, so off wo started for au item, whieh we obtained ofter much cross questiouing nnd plenty of Yankee inquisiliveness on our part. The faets are these: In the morning session of the 1st Stoek Bourd a eertnin broker purehased ten shares of Lady Bryan; after it had been delivered to him, he sent it to the Company’s offiee to hnve it transferred, when the Secretary returued it, pronouncing it a forgery, and thus the deteetives were trying to work the ease up by traeing the different sales and purehases down from one to another. Since the ahove was in type, we are given to understond that several more eertificates of the same stock have beeu diseovered ns heing forgeries. It is thought thot there are still a large quantity of a simiar nature nfloat in Virginia City. ‘They have not, as yet been able to diseover the rascally perpetrators. Stock Taansactioy.—G. F. Whiteman os. G. Peck. The plaintiff in this ease alleges that on the 1st of May, 1863, the defendent loaned him the sum of five hundred dollars, for which the plaintiff gave his promissory note, payable within six months, in United States gold coin or legal tender notes at their market value in San Francisco, with interest from date at the rate of two per cent. per month, giving one hundred shares of Owens River gold and silver mining stock as eollateral security. Whiteman transferred to Peek thirty-seveu shares of stoek in payment of the note given for the money borrowed, reserving for himself the right to redeem the same within ninety days, at the rate of $20 per share. The plaintiff alleges that Mr. Peck, before the expiration of the ninety days, disposed of the stoek for the sum of $78 per shure, and was therefore unable to rcturn the stock when demanded by plaintiff, who now asks the court to award him damages for $1,295. First Mitn.—Messrs. Ogden & Tichenor, of this eity, have completed their arrangements for the erec-tion of a quartz mill at Goodwin City, the seat of government of Arizoua Territory. ‘I'he mill is of twenty-five horse power, and was shipped during last week, under the superintendeuce of Mr. Noyes, fur the mouth of the Colorado river, whenee it will be at onee taken, per steamer, up the river to La Paz, and from thence to Goodwin City by mule teams. As soon as the millis plaeed in running order, it will eommenee on the roek taken from the “ Benediet’’ mine, which ts said to he unusually rieh, both in gold and silver. They expeet to get the mill under thorough headway by the last of June. Give THEM A eaLL.—In another portion of our today's issue, will he found tbe card of Messrs. Davenport and Smith, who have entered husiness as ilining and General Acconntnnts, Scriveners and Conveyaneers. Mr. Davenport is too well known to the business community to require any assuranee from ns, as beiug one of the most thorough and praetieal accountants on the Coast. Mr. Smith is reeently from the ast, and a gentleman well versed in tho different branches of the law. We take pleasure in récommending these gentlemen to those who require sueh service as theirs. Srexnzss.—Mauy of onr brokers, in town, during the past week, have looked decidedly blue and sadly troubled and affected with the unpleasant disea:e so well known to hrokers — that of “selling short. ’’, Many of their eontraets having fallen due at the wrong figures to snit their ealculations for placing a snug ‘‘ pile” in their poekets—the reverse baving heen realized, instead. Cheer up, ‘‘ nothiug venture, nothing win.”

Che Mining and Scientific Press, 265 Alining Gossip. EDITED BY. cece eee een ee FOR THK MINENG AND SCIRSTIFIC PRESS, How Some People Get Rich, To illustrate how some peoplo “ fall into,” ns you may term it, immenge furtones, aud then take unto themselves the fulse notion thot the samo was cunsed hy their good husiness quulities and shrewdness of ehnracter, we will stato nn iustanee within our own kuowledge whieh took plnce iu this eity recently. ‘Ihe cireumstances nore these: A hardworking, indnstrions meehanic, with very ordinary intellect, hnd, after three yeors of hard labor, mannged to uccnmulate the sum of from $1,000 to $1,500. Ono day, in the course of conversation with an acquaintance, who wns the possessor of more hrains than he liad mioney (for, to tell the truth, he was a hroken-down personago, although possessed of great hope for the future), he remarked that he thonght if ho could procure the sum of $1,000 he could invest it in a good operation, in the way of a mine, which would, eventually, make them hoth very rich. The eapitalist (for such he was in this ease) eould not, at first, see the point; and the faet of the niatter wos, he thonght stoeks were almost too permanent an investment for his money. However, after much eonsideration and argument on the pnrt of the person wbo would have him invest, he nt last as sented, forgetting to obtain anything in the shape of a written doeument to show that he had loaned the amount, or even given it in trust as an investment. Well, the money was all duly used in the mining project, and nearly a year rolled on and no sign of the loaner either obtaining his principal or even interest on the money, for it was understood mutually between them that the money should draw an interest. One day he came holdly forth, and said that he wanted his money out of the affair; that he was siek of mines, and commenced to ery like a ehild. The operator told him it was no nose to act in such a childish manner ; be knew that the money was now in ferra firma, and he must wait until the enterprise repaid it ; it would not do to ahandon their undertaking now, and, furthermore, he said, “I don’t know that yor have any money in the mine, or that you enn prove either that I ever borrowed any from you ; go it will be useless for you to eommenee any action tu recover the amount.” So off goes the loaner, almost broken-hearted, lamenting his fate, nnd, seeing no reeourse, came to the wise conclusiou to put tbe amount down to profit and loss aecouut. About three months after the conversation took plaee, the loaner of the money reeeived a note, stating that his friend had struek it very rieh in the mine, and shares eonld he sold inthe market for $4100. The loaner started the next day to where the mine was located, saw his aequaintance, who greeted him with a smile, teealling to his mind the fact of how foolish he desired to aet a few months ago, and at the same time presented him with an order upon a banking house in this eity for the snug sum of $36,000, with interest on the horrowed money, heing his one-half share of the investment. Now he lives in a splendid residenee, drives his team, aud you will see this aame individual, the loaner of the money, strutting up and down our thoroughfares, deeming himself the “ observed of all observers,” often saying, in the eourse of eonversatiou, what a thing it is for a man to be a shrewd, careful operator, like himself, and to know what to invest in, and how strange it was to him to witness so many poor people in our midst ; when, if it had not been that he was eompelled hy foree to remonin in the enterprise, he would, in all probahility, haye been as poor, and in as miserable a condition, as before. There are hundreds of just such cases we eould illustrate if we desired to. Paciric Grass Worxs.—This eompany filed a certificate on the 19th inst. for an inerease of their capital stock from $50,000 to $150,000. Foon ror tuk Mixers.—Over 2,500 head of sheep passed uear Aurora, hound for Reese River, during the first of last week. We doubt not but that they will reeeive a eordial welcome by the mivers in that locality. Din xor Acaeer.—The jury in thie ense of the Snynge Compnny vs. North Potosi, did not agreo, ond were thereupon dismissed. We learn that they stood eight for the North Potosi and four for the Savage. As soon ns the news reaehed the eity, up went North Potost to quite respeetable figures. Axotuga Accipest —Mr. J. W. Parker, a large owner in the Antelope mine, Esmeralda, was iustantly killed, while at work in the lower shaft of the mine, by the eaving in of earth upon him. He was sixtyone years of nge. Mit, Destroyen.—Ou the afternoon of the 16th inst., the Gould Quartz Mill, Virginia, was totally destroyed by fire. Loss estimated at between $0,000 and $50,000, with-only $5,000 insuranee. The owners of the mill nre Messrs. Carver & Stanchfield. The fire enught in the wood room, situated directly in front of the furnaces. Homestran Assoeration.—The artieles of incorporation of the Metropolitan Homestead Association were filed on the 20th inst. The capital stoek of the Company is $7,200. The Trustees are A. Crawford, W. Hollis, E Barry, W. Irvine, S. Sellick, J. MeGuirk and J. Clark. Berrea—Mr. W. P. Denekla, President of the Pacific Board of Brokers, we are pleased to state, eontinnes to improve,and says he hopes to he among his many friends again in the eourse of two weeks, at the furthest. We trust his hopes may he realized. Famure.—During the week another one of our leading brokers had to snspend payment, owing to unlucky epeculatious in Real del Monte and Lady Bryan stocks. ‘The party in questiou is a smart, hard-working, energetie business man, and we nlways

feel sorry to ehroniele the misfortuue of a person possessing such good qualities. Quite a Save.—A sale of two hundred feet in one of the sub-divisions of the renowned Moss lead, situated in the Colorado eountry, also two huudred feet ina neighhoriug elaim, is reported ag having heen made to a eompany in Philadelphia, for the sum of $55,000. We give the rnmor for what it is worth, as there is nothiug authentie known eoncerning the transaetion. Exretiox.—At a meeting of the stockholders of the Bullion Miniug Company, held at Virginia City, April 15th, the following gentlemen were duly elected: 8. T. Gage, President ; R. C. Chappell, J. W. Mickey and D. C. Benham, Trustees ; J. M. Walker, Superintendent; Messrs. Paxtou & Thornburgh, Treasurers ; B. W. Tomlin, Transfer Secretary (606 Merchant street, 5. F.,); G. W. Hopkins, Secretary. Buexeyve.—On the 19th inst. this stock showed a decided improvement in the Boards in the way of} priee, on aecount of the result of 229 ths. of their ore worked, whieh gives a return at the rate of. $54.78 per ton, and a fire assay of $113.54. The . Superintendent states that they have plenty of this! description of ore, and that the mine is iu the very best eondition. — Lapy Bryan.—The superintendent, in a letter reeeived here, hy the compauy, on the 22nd instant, says he has struek a body of quartz of a very good character. ‘The main drifts have also improved, the quartz being of a much better qnality and the rock much harder; therefore, they will not bo able to make ! such rapid headway as heretofore. Ayotmer Powner Houss.— A fine building of stoue, for a powder house, is being erected on the Protrero, just beyond the Rope-Walk. The building will be two storics bigh and 30x 50 feet, capable of storiug 25,000 kegs of powder. lorcrry.—Two well known deteetives of this city might have been seen by the elose observer, hard at work on the afternoon of the 20th inst., “ working up” a ense whieh had been plaeed in their hands for deteetion. Tirst you would see these shrewd worthies dart into one brokerage estnhlishment, theu into another, until our hump of curiosity heeame nronsed, ond from the fact that they eonfiued their enquiries to brokerage eoneerns, we came to the conelusion that it must he in our line, so off wo started for au item, whieh we obtained ofter much cross questiouing nnd plenty of Yankee inquisiliveness on our part. The faets are these: In the morning session of the 1st Stoek Bourd a eertnin broker purehased ten shares of Lady Bryan; after it had been delivered to him, he sent it to the Company’s offiee to hnve it transferred, when the Secretary returued it, pronouncing it a forgery, and thus the deteetives were trying to work the ease up by traeing the different sales and purehases down from one to another. Since the ahove was in type, we are given to understond that several more eertificates of the same stock have beeu diseovered ns heing forgeries. It is thought thot there are still a large quantity of a simiar nature nfloat in Virginia City. ‘They have not, as yet been able to diseover the rascally perpetrators. Stock Taansactioy.—G. F. Whiteman os. G. Peck. The plaintiff in this ease alleges that on the 1st of May, 1863, the defendent loaned him the sum of five hundred dollars, for which the plaintiff gave his promissory note, payable within six months, in United States gold coin or legal tender notes at their market value in San Francisco, with interest from date at the rate of two per cent. per month, giving one hundred shares of Owens River gold and silver mining stock as eollateral security. Whiteman transferred to Peek thirty-seveu shares of stoek in payment of the note given for the money borrowed, reserving for himself the right to redeem the same within ninety days, at the rate of $20 per share. The plaintiff alleges that Mr. Peck, before the expiration of the ninety days, disposed of the stoek for the sum of $78 per shure, and was therefore unable to rcturn the stock when demanded by plaintiff, who now asks the court to award him damages for $1,295. First Mitn.—Messrs. Ogden & Tichenor, of this eity, have completed their arrangements for the erec-tion of a quartz mill at Goodwin City, the seat of government of Arizoua Territory. ‘I'he mill is of twenty-five horse power, and was shipped during last week, under the superintendeuce of Mr. Noyes, fur the mouth of the Colorado river, whenee it will be at onee taken, per steamer, up the river to La Paz, and from thence to Goodwin City by mule teams. As soon as the millis plaeed in running order, it will eommenee on the roek taken from the “ Benediet’’ mine, which ts said to he unusually rieh, both in gold and silver. They expeet to get the mill under thorough headway by the last of June. Give THEM A eaLL.—In another portion of our today's issue, will he found tbe card of Messrs. Davenport and Smith, who have entered husiness as ilining and General Acconntnnts, Scriveners and Conveyaneers. Mr. Davenport is too well known to the business community to require any assuranee from ns, as beiug one of the most thorough and praetieal accountants on the Coast. Mr. Smith is reeently from the ast, and a gentleman well versed in tho different branches of the law. We take pleasure in récommending these gentlemen to those who require sueh service as theirs. Srexnzss.—Mauy of onr brokers, in town, during the past week, have looked decidedly blue and sadly troubled and affected with the unpleasant disea:e so well known to hrokers — that of “selling short. ’’, Many of their eontraets having fallen due at the wrong figures to snit their ealculations for placing a snug ‘‘ pile” in their poekets—the reverse baving heen realized, instead. Cheer up, ‘‘ nothiug venture, nothing win.”