Volume 31 (1875) (428 pages)

MINING AND SCIENTIFIC PRESS. [July 3, 1875. (GoRRESPONDENCE. London’s Loss, San Francisco’s Gain. Entrors Press:—The recent incorporation of the Tybo Consolidated miuing company, in San Francisco, marks a new era in the history of mining operations in this section of Nevada. It will stimnlate prospecting and encourage the opening up of other properties that have been partly neglected of late, as well ag foster the local industrial pursuits of the place. Henceforth we will not be dependent upon the capricious conduct of British capitalists or anffsr from the red tape formulas of English official life. London’s loss will soon become San Francisco's gain, thongh for the sake of the interests of the State, it would have been well were this property vended in the former city, for it would add to the importance of Nevada. However, the vastness of our mineral resources is bscoming every day more evident, and since there are very many valuable properties lying around, the man of mezns has not got to travel far in search of an investment, for such chances are to he met with in almost every district of the State. Here foreign capitalists have had presented to them opportunities the like of which were not to be found elsewhere, and if success has not accrued to them from the operations of the past, it is safe to say that to their own indiscretion and their own experience can be traced the disastrons cousequences which have resnited from their epecniations. Iu nine casee out of ten, these have been the prevailing causes of the severe losses which have heen snstuined hy English operators on the Pacific coast. Theu the blame oame to be laid ou the country, its mines and its people, instead of bsing charged to the want ot judgment exercised by themselves in the matter of selecting their agents. Here is where the chief mistakes have heen made, aud to this want of cantion on the part of English iuvestors, can he readily traced many, if not all, of the failures that have taken place. Ordinary prudence has been entirely overlooked, and ignorant and irresponsible charlatans, calling themselves geologists and mineralogists have been entrusted with ths almost exclusive disposition of their funds, and fiave thereby inflicted much injury npon all concerned. Of the many ventnres inaugninted by English Capitalisis In Nevada, we caunot call to mind, just now, more thnn two out of the numher, that are at present bearing out the promises of, and sustaining the reputations of their vendors in the British metropolis, Even one of these did not until quite recently, become a very desirable or profitable purchase, Under the administiation of its English managers, it was driven to neerly tbe verge of bankruptcy, and how the company escaped having to resoit to the nsual refnge of English mining companies, the winding up conrt,is nnaccountable to those who knew aud understood the character of the men placed at its head. But it is presumable that the magnitude of the price paid for the property and the immense sums that had been recklesely squandered in unprofitable work and useless experimentslizing, together with their great faith in the value and permauence of their mines, were the inspiring reasons that prompted the further and the further dishursements of their golden dneats, But itis a fact worthy of note, that uutil the company determined to entrust the management to an American, and did do it, no certain nor encoursging returns had ever been received from the vast sums expended. Since then success has followed snecess co fast, that now its English owners can at least console themselves with the sweet satisfactiou derived from the conscions nees of owning a valnable property, free from inenmbrances of every kind, estnblished upon a paying basis with bright prospects and a radient futnre before it, Frank Drake and his partner, Applegarth, the latter of whom resides in London, were the vendors of tbis property. It is at present quoted nt £6% on ihe London stock board, it is not uulikely that it will soon bein a position to disburse quarterly, perhaps monthly dividends, there having been cleaned up recently $100,000, the result of a twenty-five days run on Eberhardt and Aurora ore. Four thcneand doilars per day is not to be sneered at, especially when there appears to be lots of the came quality of ore from which to choose. What eays that metaphorical cld geutleman of ruhicund countenance and vast avoirdupois, to the above evidences of the barrenness of Nevada? Do they not eloquently appeal to his reason nnd his pocket alike, stagger his skepticism and put to instantaneous flight all of his firmest resolntions in invor of the exclusive employment of members of his own household to manage his min. eral possessions iu this country? They ought at all events to hnve some little influence in removing his prejudices, injurious alike to the interest of his own realm as we:l as to the reputation of this commonwealth. The other of these mines is the R.chmond, Of Eureka, This is now looked npon, and jastly, as one of ths most valuable propsrties im Eastern Nevada, and has contribntsd more than any othsrs owned by Englishmen, towards removing the odinm whioh has attachsd to almost all American mining securities, since the bursting of ths Emma bubble. It was placed on the London market in 1872, by J. M. English of San Francisco, Presideut of the Gila and West Side companies, of Reveille, and of the Tybo Consolidated, of Tyho. To this gentlemen is also dus the credit of having launched in the English capital, the Sweetland Creek mines, than which there are few more remunerative in the Golden State. To his enterprise is also largely due the crea-~ tion of the foregoing three named compenies, thongh we must not forget that he has been ably seconded in his efforts to promote the Isnguishing interests of Reveille, and to stimulate and revive the drooping indnstries of Tyho, and Nye county generally, by his indefatigaole associate, John B. McGee, of the latter district and county. Their faith and enterprise have hean nnbounded, and shonld meet with the rewards they so riohly merit. The Gila and West Side and Tybo mines will soon begin to bear golden fruit, and be claesed among the dividend paying institntions of Nevada, The value of the Tybo Consolidated Can be best nnderstood, when we advisedly state that its owners have, up to the period of its incorporation, dishnrsed on account of purchase and construction accounts, and tor the development of the property, to bring it toits present prosperous condition, no less a sum than $400,000 in clean coin. There has never been, to onr knowledge, placed on ihe merkets of either San Francisco or London, anything in the mining line to equal it in the mere matter of longitudinal, Interal and vertical exploration, or in the completeness of its exterior equipments, such as steam hoisting works, ore bins, tramways, furnace, mill, (twenty stamp), all necessary out-offices and hnildings, refining and calcining departments, water tanks, coal hins, together with nesrly three miles of solidly and securely laid water pipe, throngh which flows a copious supply, fed through branching pipes to all parts of the works, Had this property been placed on the London stock board, it would have very greatly suhserved the mining interests of our State, for we should then ‘hnve three dividend paying mines to help to diesipate the bad feeling that seems to existin England regarding the mines of the Pacifio coast. But siuce it has not heen floated there, the loss in that respect will be More than counterbalanced by the gain that will revert to our own people from having it placed in their midst. ‘Thue they will all have a chance to become sharers in ita fortmnes, for every property like it owned here, and worked hy our own people, has an nppreciable bearing upon their futnre condition, It is a well noted fact, that an American company is far more energetic as well as more enterprieing in every respect, and for that reason imparts a greater degree of stimulus to local intereats of whatever character, thau does an English incorporation. The reasons then are obvions, why the former is more desirable than the latter. The English people have been guilty of many blunders, hut the greatest error which they could have committed, was when they allowed the withdrawal of the Tybo property, to have it incorporated inthe Bay City. Verily the ways and fancies of the Britishers are past finding ont. Here waa au excellent chance given them to partly re-imbnree themselves for the losses of the past, and they were coutent to let it pass because of their prejudices. We well remember that they did ahont the same thing in the early days of Eureka. Then, of course, they had some show of reason, the couutry being little more than a terra incognila to the grester portion of the mining world. At that time they incontinently rejected the property offered them hy Messrs. Buel & Bateman, at shout half its value. erty is to-day embraced withiu the lines of the Eureka Consolidated, Of Eureka in this State. The property was at that time examined by English experts, and if we rememher rightly, for we were then on the ground, their report was so nnfavorable that their principals declined becoming its purchasers. They have freqnsntly since thenr had causeto repent them of the hastinese o their decision. They will one of these days, too, have just as good cause to regret the conclusions arrived at in relation to the withdrawal of the Tybo Consolidated. The Eureka is to-day one of the leading mines of Nevada, and it and the Richmond are no donbt without a parallel in the mineral world. After more than tour years of nninterrupted production, they yet stand pre-eminent as bnilion producers, and the same wealth of ore permeates the nndergronnd workings ot both, so thatit is a quesion which of them contains the greatest bonanza, The reports that have lately reached ng of the dimensious of the Enreka honanza, henr about them an air of exaggeration, but yet we are inclined to thiuk them entirely correct. Friend Cassidy, of the Sentinel, gives the length ae developed up to 28th ult., at 280 feet, width or thickness 100 feet, depth 160 feet. These dimensions, allowing ten feetin place fora ton of ore, woald givean amountapproximating 290,0.0 tons of ore in sight in that bonanza. Wouderful, indeed! Over $33,000,000, accordiug to the estimated valne ot the ore. ‘The estimate mede by a correspondent of the Enterprise, nppears to be the more correot one of the two, though That prop-. by saying so we do not wish to impugn the verscity of the Sentinel in the least, yet the differsnces in ths two statements ars somewhat antsgonietic, and can hardly be very well reooncilsd; however, siuce we donot wish to enter the lists as the champion of either side, we will withdraw and lsave the solntion to others. Ths Richmond is as big a mine as the Eureka Consolidated, bnt since itcame entirely under the control of English officers, it ia not the well managed property it was while an American superintendent was at its head. Then energetic action and vigorous development were ths rules and uot the exceptions, Now ths siokly conventionalities of rontine that distingnish the English from the American management, hold triumphant sway. No property can be rendered remnnerative by such a course Ofaction. It is, however, the custom of eome men to do exactly as their fathers did, and worship the ideas, appliances and methods of an antedsluvian age, chiefly because such and such things were done, and still are being doue in Cornwall, or elsewhere within Albion’s Isle. De La Poza. Nevada, June 13th. Plumas County Mines. Enitoas Pres3:—Having occasion to run around a little, I visited some of the mining campe in thia locality and write you a few lines concerning them. Heath & Dodds are starting their new ditch, which they expect to complete within a year and which will be nine miles in length. Their tines are situated five miles east of Buck’s ranch and are very extensive surface or placer mines. At Hungarian Hill, owned by Garny & Co., there are also extensive hydraulic claims which are now paying well. The largest run of two pipes, ninety hours, paid $1,400. Thomas, Jolly & Co., near Nelson’s Point, ten miles southeast of Quincy, have strnck it very rich in a large hill, too high to hnve water the year round, but it is a light deposit aud deep, and pays hig. Those are principally new operations. Many other gravel mines are being improved in this county, but on a smaller scale. Some ou Middle Feather and some on the east branch of the North Fork. Among the latter are Mnmpherd's Hill, near Meadow valley ; Heath & Co., East Branch; Scott's Bar, and Stagg Point, Middle Feather. There is a great deal of good ground uuprospected iu this county, but capital ia necessary to the development thereof. I have besn in this locality for many years and know of many places that wonld yield a large profit oa capital jndicionsly expeuded, hut out of reach of the common laborer. The town of Quincy is improving rapidly. Water is scarce in the monntaius. This ie bad for placer bunt good for river mining. Hay Pagss. Buoka’ ranch, Plumas connty, June 23, 1875. Bald Mountain Mining District. Enrroas Press:—In Iny rnmblings through the northeasteru part of the State, I spent two days in the nbove camp, and I must say was very much surprised to find two or three mines of so much promise undeveloped and lying idle. The Crown Point ledge is as fine a prospect fora large and valuable mine asI have seen in the State, according to the amonnt of development. This mine is situated immediately on the summit of the Ruby range of monntains, running parallel with the mountain, and stands perpendicular, shows a trne fissure, the west wall being a fina clay seam of one to two inches in thickness. This miue has a tunnel or shaft over forty feet, all in ore. I am told that about half the ore from thia mine will pay $60 to $75 per ton, the remninder $25 to $35, This vein is at least five feet in width. The Sutro mine is south and close by the Crowu Point. It is owned by the same parties that own the Crown Point. Iam told that Dr. J. M, Bailey holds the controlling interest in allthe prominent mines in the oamp. The Satro is about five feet in width and contaius some very rich ore, mostly chloride. An inclive shaft forty-six feet deep has been run on this ledge. Some fifteen or twenty tons of rich ore areonthe dump. A few tons of this ore has been shipped tothe Newark mill thirtyfive miles, and some to Reno mill for reduction, yielding $128 to the ton. I only visitsd one out of the four copper ledges in the camp; the oneI visited shows a very large surface or oropping of fine ore, assaying twenty to forty per ceut. in copper. I am surprised that some mining speculators have not had the property in haud long before this tbis time, os I understand the owner, Dr. Bailsy, offers inducements rarely to be had when the prospects are so flattering, I would’ not be surprised to see the one of the leading’ camps of this pait of the State in afew years. The camp ig favorably situated, with plenty of fine timber aud water, sixty miles from Elko,; and forty miloe from the narrow gauge railroad’ from Palisade to Enreka. It is iu White Pine couuty, fifty miles due north of Hamilton, J. W. Gres, Bald Mountain, Ney., June 14th. Monterey County Mines. The Monterey County Democrat says: In the southeast portion of this county lie the districts known as Peach Tree, Slaok’s canon and Cholame. MHsretofore the supposition haa heen that the tracts of country so styled possessed little value save for grazing purposes. The facts are very different. In the first place, hoth districts comprise considerable bodies of plow land of very good qnality. As to climatio advantages, they are healthy, and, as the experience of this season shows, hy no msans liable to mischief from drouth. Being supposed, commonly, to be of a very dry oonstitution, in this dronthy year hay and grass in the Peach Tree district are of exceptionally good quality and the Cholame stock growers consider themselves in as good position as any of their fellows in the oonnty. The population is considerable in numbers already, as shown by the fact that they have three election precincts and three school honees. Newcomers are constantly swelling the local census list. Quicksilver, Coal and Iron, Bnt what we now chiefly direct attention to, are the stores of valuahle minerals contained in these districts, which promise in the immediate futnre to employ much capital and mnany men to work them, As to the leading mineral, in value, we mention that H. F. Pitts and others are working s lesd of qnicksilver located at the head of Cholame valley, which ia oonaidered rich, and from which 100 tons of ore have been got out, a hsap heing in sight. Arrangements are in progress for the constrnotion of furnaces and retorts and it is expeoted that shipments of metal will soon be oommenced. In the vicinity of this mine on the same lead of ore, about thirty other cluims have been located, which are being prospected, promising good results. To the northwerd, ia Slack’s oanon, F, M, Stone is at work on another quicksilver mine, which, like the rest, offers a fine prospect. Coal. About eight miles southeastof Slack’s cauon, distant eighteen miles from the Salinas r ‘er (the line of the S. P. R. R.), F. M. Stone & Co, are now opening coal mine and are taking measures to ohtain capital with which to work it. The mine was discovered in April, 1870: And the coal, which is of course bituminons, has all along heen cousidered to offer every inducemeut to its working, save only in the matter of transportation. The prospect of an early continuation of the Southern Pacifio railroad has stimulated the discovers and owners to exertion, for, now, while opening the mine, they may look to the Southern Pacitio railroad as the means of conveying its producty to consumers, with good prospect of the early renlization of their hopes. Four shafts huve been sunk upon the lead, which has been traced about one mile and a hnif, hnving n dip of about 45°, and as sunk upon growing less. West of this mine, three-fourths of a mile, Snyder is sinking a shatt npon the same supposed lead and has the ‘‘sign.”’ tron. One and one-half miles west of the ooal discoveries, in aslide on the break of a mountain, bonlders of iron ore, weighing as muoh as 300 pounds each, are found, in numbers iudicating the proximity of an extensive lead. There show, also, on the eastern side of the same monntain, indications of gold and silver mixed with the iron ore. The Importance Of these discoveries is great; as the value of the minerals, if their quautity be snfficient, would offer the strongest induoements to the railroed company to extend its line and he the occasion of the rapid development of a region that people have been in the habit of considering a desert. The Great Mines. The Alia California recapitnlates the mines which have paid large sums to their owners without being assessed at all. The capital stock of the Imperial was $50,000, which constitnted its whole capital. It prodnced $3,562,791, and paid $1,067,500in dividends. The Consolidated Virginia mine has a nominal capital of $10,800,000, bnt only $411,200 was ever naid np, while $10,000,000 bullion has been produced. The California mine to-day has a nominal capital of $54,000,000, hnt it has never levied a dollar of assessment, and never will, although it has been explored and ore laid hare which has been estimated in value from $400,000,000 to $800,000,000. The Belcher mine hasa nominal capital of $10,400,000, but the owners never paid np but $600,600. That sum snfficed to turn out $25,938,854 of bullion, and to give the shareholders $14,248,000 more than they paid out. In the same way Crown Point, with a nominal capital of $10,000,000, cost $623,370 only in assessments, and has paid $10,000,000 in dividends, The Eureka gold mine has paid $2,094,000, and never cost a dollar. Ix is said that the inventor of the new motive power, by which water is converted into steam without fire, has sold the exclnsive right for New York city to Commodore Vanderbilt, for $95,000, hut n Philadelphia firm having bought one-half the right for the United States, have prayed for au injunotion to prevent the sale, oonsidering the sum paid much less than its true value,

MINING AND SCIENTIFIC PRESS. [July 3, 1875. (GoRRESPONDENCE. London’s Loss, San Francisco’s Gain. Entrors Press:—The recent incorporation of the Tybo Consolidated miuing company, in San Francisco, marks a new era in the history of mining operations in this section of Nevada. It will stimnlate prospecting and encourage the opening up of other properties that have been partly neglected of late, as well ag foster the local industrial pursuits of the place. Henceforth we will not be dependent upon the capricious conduct of British capitalists or anffsr from the red tape formulas of English official life. London’s loss will soon become San Francisco's gain, thongh for the sake of the interests of the State, it would have been well were this property vended in the former city, for it would add to the importance of Nevada. However, the vastness of our mineral resources is bscoming every day more evident, and since there are very many valuable properties lying around, the man of mezns has not got to travel far in search of an investment, for such chances are to he met with in almost every district of the State. Here foreign capitalists have had presented to them opportunities the like of which were not to be found elsewhere, and if success has not accrued to them from the operations of the past, it is safe to say that to their own indiscretion and their own experience can be traced the disastrons cousequences which have resnited from their epecniations. Iu nine casee out of ten, these have been the prevailing causes of the severe losses which have heen snstuined hy English operators on the Pacific coast. Theu the blame oame to be laid ou the country, its mines and its people, instead of bsing charged to the want ot judgment exercised by themselves in the matter of selecting their agents. Here is where the chief mistakes have heen made, aud to this want of cantion on the part of English iuvestors, can he readily traced many, if not all, of the failures that have taken place. Ordinary prudence has been entirely overlooked, and ignorant and irresponsible charlatans, calling themselves geologists and mineralogists have been entrusted with ths almost exclusive disposition of their funds, and fiave thereby inflicted much injury npon all concerned. Of the many ventnres inaugninted by English Capitalisis In Nevada, we caunot call to mind, just now, more thnn two out of the numher, that are at present bearing out the promises of, and sustaining the reputations of their vendors in the British metropolis, Even one of these did not until quite recently, become a very desirable or profitable purchase, Under the administiation of its English managers, it was driven to neerly tbe verge of bankruptcy, and how the company escaped having to resoit to the nsual refnge of English mining companies, the winding up conrt,is nnaccountable to those who knew aud understood the character of the men placed at its head. But it is presumable that the magnitude of the price paid for the property and the immense sums that had been recklesely squandered in unprofitable work and useless experimentslizing, together with their great faith in the value and permauence of their mines, were the inspiring reasons that prompted the further and the further dishursements of their golden dneats, But itis a fact worthy of note, that uutil the company determined to entrust the management to an American, and did do it, no certain nor encoursging returns had ever been received from the vast sums expended. Since then success has followed snecess co fast, that now its English owners can at least console themselves with the sweet satisfactiou derived from the conscions nees of owning a valnable property, free from inenmbrances of every kind, estnblished upon a paying basis with bright prospects and a radient futnre before it, Frank Drake and his partner, Applegarth, the latter of whom resides in London, were the vendors of tbis property. It is at present quoted nt £6% on ihe London stock board, it is not uulikely that it will soon bein a position to disburse quarterly, perhaps monthly dividends, there having been cleaned up recently $100,000, the result of a twenty-five days run on Eberhardt and Aurora ore. Four thcneand doilars per day is not to be sneered at, especially when there appears to be lots of the came quality of ore from which to choose. What eays that metaphorical cld geutleman of ruhicund countenance and vast avoirdupois, to the above evidences of the barrenness of Nevada? Do they not eloquently appeal to his reason nnd his pocket alike, stagger his skepticism and put to instantaneous flight all of his firmest resolntions in invor of the exclusive employment of members of his own household to manage his min. eral possessions iu this country? They ought at all events to hnve some little influence in removing his prejudices, injurious alike to the interest of his own realm as we:l as to the reputation of this commonwealth. The other of these mines is the R.chmond, Of Eureka, This is now looked npon, and jastly, as one of ths most valuable propsrties im Eastern Nevada, and has contribntsd more than any othsrs owned by Englishmen, towards removing the odinm whioh has attachsd to almost all American mining securities, since the bursting of ths Emma bubble. It was placed on the London market in 1872, by J. M. English of San Francisco, Presideut of the Gila and West Side companies, of Reveille, and of the Tybo Consolidated, of Tyho. To this gentlemen is also dus the credit of having launched in the English capital, the Sweetland Creek mines, than which there are few more remunerative in the Golden State. To his enterprise is also largely due the crea-~ tion of the foregoing three named compenies, thongh we must not forget that he has been ably seconded in his efforts to promote the Isnguishing interests of Reveille, and to stimulate and revive the drooping indnstries of Tyho, and Nye county generally, by his indefatigaole associate, John B. McGee, of the latter district and county. Their faith and enterprise have hean nnbounded, and shonld meet with the rewards they so riohly merit. The Gila and West Side and Tybo mines will soon begin to bear golden fruit, and be claesed among the dividend paying institntions of Nevada, The value of the Tybo Consolidated Can be best nnderstood, when we advisedly state that its owners have, up to the period of its incorporation, dishnrsed on account of purchase and construction accounts, and tor the development of the property, to bring it toits present prosperous condition, no less a sum than $400,000 in clean coin. There has never been, to onr knowledge, placed on ihe merkets of either San Francisco or London, anything in the mining line to equal it in the mere matter of longitudinal, Interal and vertical exploration, or in the completeness of its exterior equipments, such as steam hoisting works, ore bins, tramways, furnace, mill, (twenty stamp), all necessary out-offices and hnildings, refining and calcining departments, water tanks, coal hins, together with nesrly three miles of solidly and securely laid water pipe, throngh which flows a copious supply, fed through branching pipes to all parts of the works, Had this property been placed on the London stock board, it would have very greatly suhserved the mining interests of our State, for we should then ‘hnve three dividend paying mines to help to diesipate the bad feeling that seems to existin England regarding the mines of the Pacifio coast. But siuce it has not heen floated there, the loss in that respect will be More than counterbalanced by the gain that will revert to our own people from having it placed in their midst. ‘Thue they will all have a chance to become sharers in ita fortmnes, for every property like it owned here, and worked hy our own people, has an nppreciable bearing upon their futnre condition, It is a well noted fact, that an American company is far more energetic as well as more enterprieing in every respect, and for that reason imparts a greater degree of stimulus to local intereats of whatever character, thau does an English incorporation. The reasons then are obvions, why the former is more desirable than the latter. The English people have been guilty of many blunders, hut the greatest error which they could have committed, was when they allowed the withdrawal of the Tybo property, to have it incorporated inthe Bay City. Verily the ways and fancies of the Britishers are past finding ont. Here waa au excellent chance given them to partly re-imbnree themselves for the losses of the past, and they were coutent to let it pass because of their prejudices. We well remember that they did ahont the same thing in the early days of Eureka. Then, of course, they had some show of reason, the couutry being little more than a terra incognila to the grester portion of the mining world. At that time they incontinently rejected the property offered them hy Messrs. Buel & Bateman, at shout half its value. erty is to-day embraced withiu the lines of the Eureka Consolidated, Of Eureka in this State. The property was at that time examined by English experts, and if we rememher rightly, for we were then on the ground, their report was so nnfavorable that their principals declined becoming its purchasers. They have freqnsntly since thenr had causeto repent them of the hastinese o their decision. They will one of these days, too, have just as good cause to regret the conclusions arrived at in relation to the withdrawal of the Tybo Consolidated. The Eureka is to-day one of the leading mines of Nevada, and it and the Richmond are no donbt without a parallel in the mineral world. After more than tour years of nninterrupted production, they yet stand pre-eminent as bnilion producers, and the same wealth of ore permeates the nndergronnd workings ot both, so thatit is a quesion which of them contains the greatest bonanza, The reports that have lately reached ng of the dimensious of the Enreka honanza, henr about them an air of exaggeration, but yet we are inclined to thiuk them entirely correct. Friend Cassidy, of the Sentinel, gives the length ae developed up to 28th ult., at 280 feet, width or thickness 100 feet, depth 160 feet. These dimensions, allowing ten feetin place fora ton of ore, woald givean amountapproximating 290,0.0 tons of ore in sight in that bonanza. Wouderful, indeed! Over $33,000,000, accordiug to the estimated valne ot the ore. ‘The estimate mede by a correspondent of the Enterprise, nppears

to be the more correot one of the two, though That prop-. by saying so we do not wish to impugn the verscity of the Sentinel in the least, yet the differsnces in ths two statements ars somewhat antsgonietic, and can hardly be very well reooncilsd; however, siuce we donot wish to enter the lists as the champion of either side, we will withdraw and lsave the solntion to others. Ths Richmond is as big a mine as the Eureka Consolidated, bnt since itcame entirely under the control of English officers, it ia not the well managed property it was while an American superintendent was at its head. Then energetic action and vigorous development were ths rules and uot the exceptions, Now ths siokly conventionalities of rontine that distingnish the English from the American management, hold triumphant sway. No property can be rendered remnnerative by such a course Ofaction. It is, however, the custom of eome men to do exactly as their fathers did, and worship the ideas, appliances and methods of an antedsluvian age, chiefly because such and such things were done, and still are being doue in Cornwall, or elsewhere within Albion’s Isle. De La Poza. Nevada, June 13th. Plumas County Mines. Enitoas Pres3:—Having occasion to run around a little, I visited some of the mining campe in thia locality and write you a few lines concerning them. Heath & Dodds are starting their new ditch, which they expect to complete within a year and which will be nine miles in length. Their tines are situated five miles east of Buck’s ranch and are very extensive surface or placer mines. At Hungarian Hill, owned by Garny & Co., there are also extensive hydraulic claims which are now paying well. The largest run of two pipes, ninety hours, paid $1,400. Thomas, Jolly & Co., near Nelson’s Point, ten miles southeast of Quincy, have strnck it very rich in a large hill, too high to hnve water the year round, but it is a light deposit aud deep, and pays hig. Those are principally new operations. Many other gravel mines are being improved in this county, but on a smaller scale. Some ou Middle Feather and some on the east branch of the North Fork. Among the latter are Mnmpherd's Hill, near Meadow valley ; Heath & Co., East Branch; Scott's Bar, and Stagg Point, Middle Feather. There is a great deal of good ground uuprospected iu this county, but capital ia necessary to the development thereof. I have besn in this locality for many years and know of many places that wonld yield a large profit oa capital jndicionsly expeuded, hut out of reach of the common laborer. The town of Quincy is improving rapidly. Water is scarce in the monntaius. This ie bad for placer bunt good for river mining. Hay Pagss. Buoka’ ranch, Plumas connty, June 23, 1875. Bald Mountain Mining District. Enrroas Press:—In Iny rnmblings through the northeasteru part of the State, I spent two days in the nbove camp, and I must say was very much surprised to find two or three mines of so much promise undeveloped and lying idle. The Crown Point ledge is as fine a prospect fora large and valuable mine asI have seen in the State, according to the amonnt of development. This mine is situated immediately on the summit of the Ruby range of monntains, running parallel with the mountain, and stands perpendicular, shows a trne fissure, the west wall being a fina clay seam of one to two inches in thickness. This miue has a tunnel or shaft over forty feet, all in ore. I am told that about half the ore from thia mine will pay $60 to $75 per ton, the remninder $25 to $35, This vein is at least five feet in width. The Sutro mine is south and close by the Crowu Point. It is owned by the same parties that own the Crown Point. Iam told that Dr. J. M, Bailey holds the controlling interest in allthe prominent mines in the oamp. The Satro is about five feet in width and contaius some very rich ore, mostly chloride. An inclive shaft forty-six feet deep has been run on this ledge. Some fifteen or twenty tons of rich ore areonthe dump. A few tons of this ore has been shipped tothe Newark mill thirtyfive miles, and some to Reno mill for reduction, yielding $128 to the ton. I only visitsd one out of the four copper ledges in the camp; the oneI visited shows a very large surface or oropping of fine ore, assaying twenty to forty per ceut. in copper. I am surprised that some mining speculators have not had the property in haud long before this tbis time, os I understand the owner, Dr. Bailsy, offers inducements rarely to be had when the prospects are so flattering, I would’ not be surprised to see the one of the leading’ camps of this pait of the State in afew years. The camp ig favorably situated, with plenty of fine timber aud water, sixty miles from Elko,; and forty miloe from the narrow gauge railroad’ from Palisade to Enreka. It is iu White Pine couuty, fifty miles due north of Hamilton, J. W. Gres, Bald Mountain, Ney., June 14th. Monterey County Mines. The Monterey County Democrat says: In the southeast portion of this county lie the districts known as Peach Tree, Slaok’s canon and Cholame. MHsretofore the supposition haa heen that the tracts of country so styled possessed little value save for grazing purposes. The facts are very different. In the first place, hoth districts comprise considerable bodies of plow land of very good qnality. As to climatio advantages, they are healthy, and, as the experience of this season shows, hy no msans liable to mischief from drouth. Being supposed, commonly, to be of a very dry oonstitution, in this dronthy year hay and grass in the Peach Tree district are of exceptionally good quality and the Cholame stock growers consider themselves in as good position as any of their fellows in the oonnty. The population is considerable in numbers already, as shown by the fact that they have three election precincts and three school honees. Newcomers are constantly swelling the local census list. Quicksilver, Coal and Iron, Bnt what we now chiefly direct attention to, are the stores of valuahle minerals contained in these districts, which promise in the immediate futnre to employ much capital and mnany men to work them, As to the leading mineral, in value, we mention that H. F. Pitts and others are working s lesd of qnicksilver located at the head of Cholame valley, which ia oonaidered rich, and from which 100 tons of ore have been got out, a hsap heing in sight. Arrangements are in progress for the constrnotion of furnaces and retorts and it is expeoted that shipments of metal will soon be oommenced. In the vicinity of this mine on the same lead of ore, about thirty other cluims have been located, which are being prospected, promising good results. To the northwerd, ia Slack’s oanon, F, M, Stone is at work on another quicksilver mine, which, like the rest, offers a fine prospect. Coal. About eight miles southeastof Slack’s cauon, distant eighteen miles from the Salinas r ‘er (the line of the S. P. R. R.), F. M. Stone & Co, are now opening coal mine and are taking measures to ohtain capital with which to work it. The mine was discovered in April, 1870: And the coal, which is of course bituminons, has all along heen cousidered to offer every inducemeut to its working, save only in the matter of transportation. The prospect of an early continuation of the Southern Pacifio railroad has stimulated the discovers and owners to exertion, for, now, while opening the mine, they may look to the Southern Pacitio railroad as the means of conveying its producty to consumers, with good prospect of the early renlization of their hopes. Four shafts huve been sunk upon the lead, which has been traced about one mile and a hnif, hnving n dip of about 45°, and as sunk upon growing less. West of this mine, three-fourths of a mile, Snyder is sinking a shatt npon the same supposed lead and has the ‘‘sign.”’ tron. One and one-half miles west of the ooal discoveries, in aslide on the break of a mountain, bonlders of iron ore, weighing as muoh as 300 pounds each, are found, in numbers iudicating the proximity of an extensive lead. There show, also, on the eastern side of the same monntain, indications of gold and silver mixed with the iron ore. The Importance Of these discoveries is great; as the value of the minerals, if their quautity be snfficient, would offer the strongest induoements to the railroed company to extend its line and he the occasion of the rapid development of a region that people have been in the habit of considering a desert. The Great Mines. The Alia California recapitnlates the mines which have paid large sums to their owners without being assessed at all. The capital stock of the Imperial was $50,000, which constitnted its whole capital. It prodnced $3,562,791, and paid $1,067,500in dividends. The Consolidated Virginia mine has a nominal capital of $10,800,000, bnt only $411,200 was ever naid np, while $10,000,000 bullion has been produced. The California mine to-day has a nominal capital of $54,000,000, hnt it has never levied a dollar of assessment, and never will, although it has been explored and ore laid hare which has been estimated in value from $400,000,000 to $800,000,000. The Belcher mine hasa nominal capital of $10,400,000, but the owners never paid np but $600,600. That sum snfficed to turn out $25,938,854 of bullion, and to give the shareholders $14,248,000 more than they paid out. In the same way Crown Point, with a nominal capital of $10,000,000, cost $623,370 only in assessments, and has paid $10,000,000 in dividends, The Eureka gold mine has paid $2,094,000, and never cost a dollar. Ix is said that the inventor of the new motive power, by which water is converted into steam without fire, has sold the exclnsive right for New York city to Commodore Vanderbilt, for $95,000, hut n Philadelphia firm having bought one-half the right for the United States, have prayed for au injunotion to prevent the sale, oonsidering the sum paid much less than its true value,