Volume 08 (1864) (474 pages)

308 The Sining aul Scientific Zivess, Pining and Srientifi Dre 055, W. B. EWER,..0c:ccc0s ceece cee cere eneeeeee eee Sznior Epitor. c.W M. SMITH. W. DB. EWER. A. T, DEWEY. DEWEY & CO. Publishers. Orricrin the Goyernment Honse building, Northwest corner of Washington and Sansome streets, roouis No, 56 and 57, up stairs. ' ‘Terma of Subscription: One copy, per annum, in ndvance,, One copy, six mouths, in advance, . Ba For sale by Carriers a: n . San Francisco: Saturday Morning, May 7, (1864. OuR PRESENT Is3vE consists oF’ ‘Twenty Paces. The reader should carefully stich or pin the sheet together hefore cutting the leaves. CorresponpENcr.—An article from “ H.,” Forhestown, will appear soon. “From the Reese River Mines,” by “X,” in type for next week. THE PROPOSED MINING TAX. The telegraphic report of the proposition hefore Congress to levy a tax of five per cent. on the gross yield of the mines, is producing a most profonnd sensation throughout this State and the adjoining Territory. There is iinminent danger of its final passage, unless prompt means are taken to place the matter in its true light before our National legislature. It is with this view, and to avoid so great a calamity, that the San Francisco Stock and Exchange Board have promptly taken the matter in hand, aud hefore this meets the eye of the reader, will douhtless have forwarded to Washington, by telegraph, a carefully prepared memorial protesting against the policy of such a tax. No body of men ou the Pacific coast can speak more authoratively, or with greater weight, in this matter, than this organization. Mr. Conness has also telegraphed to his friends in this State that he will do everything in his power to arrest the measure. Theargumentin this matter has heen so often’and so ably placed hefore the pnhlic, that 1t would he a useless repetition to re-prodnce it at this time. tinent perfectly understand the merits of the question; and have the fullest compreheusion of the consequences to result from the passage of the measure a3 proposed. Newspaper coimments are vow too late to effect results in Washington. ‘The telegraph alone can, at tbe prescnt time, render efficient aid; aud it will doubtlsss he hrought fully into requisition. It has been a matter of the utmost difficulty for those thoroughly posted by residence and experience among our mines, to convey, by words spoken or written, anything like an intelligent comprehension of our miniog interests to parties who have never visited this State: People at the East take notice of the continued and, at present, increasing flow of gold from San Francisco to New York, and they occasionally meet with a returned Californian who has secured a fortune in our mines. ‘These are the salient points—all the halance of the picture’isjhidden in a deep shade, which they will not or cannot comprehend. It appears iucomprehensihle to the great multitude at the East why everyhody does not get rich in California, and each thinks tbat if he should come out he would certainly return with a fortuue. Nothing can convince the great masscs, but au actual trial, that not more than two or three in a hundred can win anything that can he called a prize. So it is with ourlaw-makers at Washington. It appears to he an almost impossible accomplishment to make our national representatives from other States comprehend, iu a rational manner, the true relation of husiness and facts, in connection with our mining industry. And yet, without such a comprehension, howis it possible for them to construct laws which shall so lay the hurthens of taxation upon these interests that they shall fall upon all conuected therewith in due proportion. IA dividend of $125 per foot hks heen paid the past Our readers upou this side of the con. Equality in taxation . 5; Utah, 31. is a landmark which should never he lost sight of. Let us hope that our legislators will he wise ip time, and listeu to the counsels of such men asare familiar with all the bearings of the question at issuc, and whose patriotism and nuselfishness with regard to the general burthens of taxation canuot he called in question. Of such isa majority of our delegation in Congress ; and such are the men in our own midst, who, in the present crisis, are endeavoring to make their voices heard at Washington through the telegraph. MINING SHARE MARKET, ‘The Stock Market has 8 shown an increased activity the past week. Stooks have generally chauged hands at declining rates. The pressure upon the money market for means to pay dutics on bonded goods, and the anticipated tax of 5 per cent. on the gross yield of the mines, has contributed to the depression in the money market, and forced npon . sale large quantities of stocks that would otherwise havo lain quiet. ‘The sales of the week have reached $649,951 against $820,626 last weck. Ophir has still further declined, from $1,428, our closing figures of last week, to $1,010 at last evening’s board. No improvement can he expected in this stock nntil farther developments are made in the mine. Active explorations are now in progress to that end, which cansearcely fail to meet with carly success. Gould & Curry shares have also been compelled to yield to the universal pressure, and have dropped from about $4,500 to 3,875, at yesterday's hoard. week. ‘he receipts of bullion, for the past month, have been unusually large, proviug that this depressiou is from no fault of the imine. Chollar has been in less request, during the week, at $350. It suddenly advauced to $400, before yesterday’s hoard, in consequence of some favorahle report with regard to the injunction against it hy the Potosi. Daney has not been mnch sought after thongh freely offered at reduced rates. It closed the week on Saturday at $105, dropped to 84 on Tuesday last, and closed yesterday at $90. Savage has been heard from at $2,200. A dividsnd of $50 per foot was made payable on Tuursday last. Michigan found a purchaser on Thursday at $3714; Central American is quoted at from $17@18 ; Baltimore American quiet at from $50@52 4 ; Kohler Brothers at 28 ; Rock Island at 39; Bullion 80@90. North Anierican has heen in less requsst; it may he quoted firm at from $155@165. Nevada, J. G, has heen in light request at ahout last week's figues. Burning Moscow is still comparatively quict ; it may he quoted at from $90@95. Blue Ledge hag materially improved, and may be quoted-at $93. North Potosi has met with a large husiuess, ranging through the week from ahout Si0@85, it suddenly advanced before last evening’s hoard to 98, buyer 15 days ; 1228 shares have changed hands, Pride of the West has been freely offered, at gradually declining figures ; commencing . at 97 75, it gradually dropped t to 47 before last ev ening’s board. It is intimated that this company will declare a dividend of $5 perfoot on their capital stock about the 10th of the present month Lady Bryan has met with an inercased business, at slightly declining rates. We notice sales of 3680 shares, at from $37(@49, closing at 40, r. w. Buckeye is quoted at from $14(@16. The superintendent writes hopefully from the mine. Golden Age and Empire is quoted at $35 ; Califoruia ‘Tunnel at $20@25 ; Harmon at $24. Seneca sold at $27, on Saturday, remaining qniet until Thursday, when it dropped tol9. Beaver is quoted at 29; Santa Rosa, 414(@714 ; Sacramento & Meredith, 31. We quote Williams & Kellinger $55: El Dorado 35; Mary Ann 95; Imperial 150; Golconda 55; Grockert 7383 Badjazette 25@28 ; Knickerbocker 27; Sweet “Wenecance 20. Real del Monte has been more frecly offered at declining rates. Opening at $67@72, it gradual.y declined to 53 on Thursday, hut closed yesterday with a single transactiou of ten shares at 60. Shares to the numher of 520 have changed hands against 384 last week. Wide West has sold from $24(@26, closing at the latter figure. Silver Hill was sold at 16; Gogo at Tue Litttx Durcuy or Scureswio, the possession of which just sow is setting all Europe-in commotion, embraces within its diminntive bordsrs the still lesser subdivision kKuown as Angelu—the little corner from whicnce weut forth that hardy and energetic colony whose decendants afterwards became famous as Anglo-Saxons, and from whom our own Aimerican nation has descended. It would seem that the desecidants, even to the latest generation, have lost nothing of their original power. or inclination to make thenueived famous. ‘The original stock were always a people distinct from even their most intimate and surrounding neighhors, and have continued so to the present day, throngh all the three centnrics of their Danish snbjection. This characteristic of exclusiveness will, in all prohability, continne, even though they may now he compelled to suhmit again to the German sway. TuE Geological Society of England have recently heen successful in connecting more intimately the English system of rocks with that of Kurope. The northwestern countics contain a red sandstone which has hitherto heen assigned to the new red sandstone or trias formation. It is now proposed to classify it with the Permian series. It is closely conformable with the magnesian limestoue, and may form the ” upper limit of these, the highest of the primary or palezozoic rocks. The Permian series is marked by firs, fishes, amphibra, etc. In Westmoreland, Cumberland and Lancashire, they may he divided into three natural divisions, corresponding to those of Germany. The same fossil plants have been found in the silicious works of Westmoreland and the marl of Durham. Sir R. Murchison supports the readjustment. Pror. Sruumman on His TRavers.—The Esmeralda Times says of this scientific gentlemau, who recently arrived at Aurora City, that le had just visited Bodie District for the’ pnrpose of examining the mines. We understand that the Professor was highly pleased, and formed a very favorable opinion of the mines. He was about to visit the mine of the Real del Monte Company. Trofessor Silliman is an eminent chemist, geologist and metallurgist, and his high reputation gives great weight to his opinious. Beis a native of Connecticut, and was for some years attached to Yale College. We learn that it is the intention of Mr. S. to visit the famous Valley and Falls of Yo-Semite, California, after which he will return to Aurora, and make a thorough examination of the mines of that district. Tue Mecnanics’ Farr.— We would call the attention of mechanics, and onr readers generally, to the advertisement in another column, of the proposed Industrial Fair which is to commence on the 30th of August next. The objects and utility of the exhibition are therein clearly set forth, and the rules and regulations for the exhibition are given in full. Botrion reo Wasuor.—Wells, Fargo’ & Co. shipped. from their office in Virginia city, during the weck ending Saturday last, bullion to the amonnt of $160,106. The amount shipped during the month of April was a fractiou short of 14 tons, worth, hy assay, $857,086. Mitt ror Sirver Movunrarx—dJudee Curtis, on behalf of parties engaged iu Silver Mountain, has contracted with a foundry in Sacramento for an eighteen-stamp mill and thirty-five horse-power engine. Tue Nevada Gazette mentions the ending of a lawsnit hetween parties in that town which had been in progress for ten years. During that time the property in dispute has heen wholly destroyed. Tae Wasnor.—This new river-steamer starts on her first trip to Sacramento, to-day, and returns tomorrow. ‘The supervisors of Sacramento bave leased 200 feet of the levee, hetween L and M streeta, as a permaneut landing place for this boat.

308 The Sining aul Scientific Zivess, Pining and Srientifi Dre 055, W. B. EWER,...0c:ccc0s ceece cee cere eneeeeee eee Sznior Epitor. c.W M. SMITH. W. DB. EWER. A. T, DEWEY. DEWEY & CO. Publishers. Orricrin the Goyernment Honse building, Northwest corner of Washington and Sansome streets, roouis No, 56 and 57, up stairs. ' ‘Terma of Subscription: One copy, per annum, in ndvance,, One copy, six mouths, in advance, . Ba For sale by Carriers a: n . San Francisco: Saturday Morning, May 7, (1864. OuR PRESENT Is3vE consists oF’ ‘Twenty Paces. The reader should carefully stich or pin the sheet together hefore cutting the leaves. CorresponpENcr.—An article from “ H.,” Forhestown, will appear soon. “From the Reese River Mines,” by “X,” in type for next week. THE PROPOSED MINING TAX. The telegraphic report of the proposition hefore Congress to levy a tax of five per cent. on the gross yield of the mines, is producing a most profonnd sensation throughout this State and the adjoining Territory. There is iinminent danger of its final passage, unless prompt means are taken to place the matter in its true light before our National legislature. It is with this view, and to avoid so great a calamity, that the San Francisco Stock and Exchange Board have promptly taken the matter in hand, aud hefore this meets the eye of the reader, will douhtless have forwarded to Washington, by telegraph, a carefully prepared memorial protesting against the policy of such a tax. No body of men ou the Pacific coast can speak more authoratively, or with greater weight, in this matter, than this organization. Mr. Conness has also telegraphed to his friends in this State that he will do everything in his power to arrest the measure. Theargumentin this matter has heen so often’and so ably placed hefore the pnhlic, that 1t would he a useless repetition to re-prodnce it at this time. tinent perfectly understand the merits of the question; and have the fullest compreheusion of the consequences to result from the passage of the measure a3 proposed. Newspaper coimments are vow too late to effect results in Washington. ‘The telegraph alone can, at tbe prescnt time, render efficient aid; aud it will doubtlsss he hrought fully into requisition. It has been a matter of the utmost difficulty for those thoroughly posted by residence and experience among our mines, to convey, by words spoken or written, anything like an intelligent comprehension of our miniog interests to parties who have never visited this State: People at the East take notice of the continued and, at present, increasing flow of gold from San Francisco to New York, and they occasionally meet with a returned Californian who has secured a fortune in our mines. ‘These are the salient points—all the halance of the picture’isjhidden in a deep shade, which they will not or cannot comprehend. It appears iucomprehensihle to the great multitude at the East why everyhody does not get rich in California, and each thinks tbat if he should come out he would certainly return with a fortuue. Nothing can convince the great masscs, but au actual trial, that not more than two or three in a hundred can win anything that can he called a prize. So it is with ourlaw-makers at Washington. It appears to he an almost impossible accomplishment to make our national representatives from other States comprehend, iu a rational manner, the true relation of husiness and facts, in connection with our mining industry. And yet, without such a comprehension, howis it possible for them to construct laws which shall so lay the hurthens of taxation upon these interests that they shall fall upon all conuected therewith in due proportion. IA dividend of $125 per foot hks heen paid the past Our readers upou this side of the con. Equality in taxation . 5; Utah, 31. is a landmark which should never he lost sight of. Let us hope that our legislators will he wise ip time, and listeu to the counsels of such men asare familiar with all the bearings of the question at issuc, and whose patriotism and nuselfishness with regard to the general burthens of taxation canuot he called in question. Of such isa majority of our delegation in Congress ; and such are the men in our own midst, who, in the present crisis, are endeavoring to make their voices heard at Washington through the telegraph. MINING SHARE MARKET, ‘The Stock Market has 8 shown an increased activity the past week. Stooks have generally chauged hands at declining rates. The pressure upon the money market for means to pay dutics on bonded goods, and the anticipated tax of 5 per cent. on the gross yield of the mines, has contributed to the depression in the money market, and forced npon . sale large quantities of stocks that would otherwise havo lain quiet. ‘The sales of the week have reached $649,951 against $820,626 last weck. Ophir has still further declined, from $1,428, our closing figures of last week, to $1,010 at last evening’s board. No improvement can he expected in this stock nntil farther developments are made in the mine. Active explorations are now in progress to that end, which cansearcely fail to meet with carly success. Gould & Curry shares have also been compelled to yield to the universal pressure, and have dropped from about $4,500 to 3,875, at yesterday's hoard. week. ‘he receipts of bullion, for the past month, have been unusually large, proviug that this depressiou is from no fault of the imine. Chollar has been in less request, during the week, at $350. It suddenly advauced to $400, before yesterday’s hoard, in consequence of some favorahle report with regard to the injunction against it hy the Potosi. Daney has not been mnch sought after thongh freely offered at reduced rates. It closed the week on Saturday at $105, dropped to 84 on Tuesday last, and closed yesterday at $90. Savage has been heard from at $2,200. A dividsnd

of $50 per foot was made payable on Tuursday last. Michigan found a purchaser on Thursday at $3714; Central American is quoted at from $17@18 ; Baltimore American quiet at from $50@52 4 ; Kohler Brothers at 28 ; Rock Island at 39; Bullion 80@90. North Anierican has heen in less requsst; it may he quoted firm at from $155@165. Nevada, J. G, has heen in light request at ahout last week's figues. Burning Moscow is still comparatively quict ; it may he quoted at from $90@95. Blue Ledge hag materially improved, and may be quoted-at $93. North Potosi has met with a large husiuess, ranging through the week from ahout Si0@85, it suddenly advanced before last evening’s hoard to 98, buyer 15 days ; 1228 shares have changed hands, Pride of the West has been freely offered, at gradually declining figures ; commencing . at 97 75, it gradually dropped t to 47 before last ev ening’s board. It is intimated that this company will declare a dividend of $5 perfoot on their capital stock about the 10th of the present month Lady Bryan has met with an inercased business, at slightly declining rates. We notice sales of 3680 shares, at from $37(@49, closing at 40, r. w. Buckeye is quoted at from $14(@16. The superintendent writes hopefully from the mine. Golden Age and Empire is quoted at $35 ; Califoruia ‘Tunnel at $20@25 ; Harmon at $24. Seneca sold at $27, on Saturday, remaining qniet until Thursday, when it dropped tol9. Beaver is quoted at 29; Santa Rosa, 414(@714 ; Sacramento & Meredith, 31. We quote Williams & Kellinger $55: El Dorado 35; Mary Ann 95; Imperial 150; Golconda 55; Grockert 7383 Badjazette 25@28 ; Knickerbocker 27; Sweet “Wenecance 20. Real del Monte has been more frecly offered at declining rates. Opening at $67@72, it gradual.y declined to 53 on Thursday, hut closed yesterday with a single transactiou of ten shares at 60. Shares to the numher of 520 have changed hands against 384 last week. Wide West has sold from $24(@26, closing at the latter figure. Silver Hill was sold at 16; Gogo at Tue Litttx Durcuy or Scureswio, the possession of which just sow is setting all Europe-in commotion, embraces within its diminntive bordsrs the still lesser subdivision kKuown as Angelu—the little corner from whicnce weut forth that hardy and energetic colony whose decendants afterwards became famous as Anglo-Saxons, and from whom our own Aimerican nation has descended. It would seem that the desecidants, even to the latest generation, have lost nothing of their original power. or inclination to make thenueived famous. ‘The original stock were always a people distinct from even their most intimate and surrounding neighhors, and have continued so to the present day, throngh all the three centnrics of their Danish snbjection. This characteristic of exclusiveness will, in all prohability, continne, even though they may now he compelled to suhmit again to the German sway. TuE Geological Society of England have recently heen successful in connecting more intimately the English system of rocks with that of Kurope. The northwestern countics contain a red sandstone which has hitherto heen assigned to the new red sandstone or trias formation. It is now proposed to classify it with the Permian series. It is closely conformable with the magnesian limestoue, and may form the ” upper limit of these, the highest of the primary or palezozoic rocks. The Permian series is marked by firs, fishes, amphibra, etc. In Westmoreland, Cumberland and Lancashire, they may he divided into three natural divisions, corresponding to those of Germany. The same fossil plants have been found in the silicious works of Westmoreland and the marl of Durham. Sir R. Murchison supports the readjustment. Pror. Sruumman on His TRavers.—The Esmeralda Times says of this scientific gentlemau, who recently arrived at Aurora City, that le had just visited Bodie District for the’ pnrpose of examining the mines. We understand that the Professor was highly pleased, and formed a very favorable opinion of the mines. He was about to visit the mine of the Real del Monte Company. Trofessor Silliman is an eminent chemist, geologist and metallurgist, and his high reputation gives great weight to his opinious. Beis a native of Connecticut, and was for some years attached to Yale College. We learn that it is the intention of Mr. S. to visit the famous Valley and Falls of Yo-Semite, California, after which he will return to Aurora, and make a thorough examination of the mines of that district. Tue Mecnanics’ Farr.— We would call the attention of mechanics, and onr readers generally, to the advertisement in another column, of the proposed Industrial Fair which is to commence on the 30th of August next. The objects and utility of the exhibition are therein clearly set forth, and the rules and regulations for the exhibition are given in full. Botrion reo Wasuor.—Wells, Fargo’ & Co. shipped. from their office in Virginia city, during the weck ending Saturday last, bullion to the amonnt of $160,106. The amount shipped during the month of April was a fractiou short of 14 tons, worth, hy assay, $857,086. Mitt ror Sirver Movunrarx—dJudee Curtis, on behalf of parties engaged iu Silver Mountain, has contracted with a foundry in Sacramento for an eighteen-stamp mill and thirty-five horse-power engine. Tue Nevada Gazette mentions the ending of a lawsnit hetween parties in that town which had been in progress for ten years. During that time the property in dispute has heen wholly destroyed. Tae Wasnor.—This new river-steamer starts on her first trip to Sacramento, to-day, and returns tomorrow. ‘The supervisors of Sacramento bave leased 200 feet of the levee, hetween L and M streeta, as a permaneut landing place for this boat.