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Show MIN1HO SHARES. WritinR of tho existing tendency and pratico of American mining1 managers to divido and subdivide their stocks into shares, inimitably, the London Mining World says tho magnificence of the scale on which this is being dono is a novelty : Tako, for inslane", a couple of well-known well-known mines, aboui wh.ch iho papor quoted from above gives tho following interc-ting iiurcs: " When wo conio to . think of niiues with a capital flock of $54,000 000, dividod into M0,000 shares, &i will bo the ca-e with tho ( alilbraiu and Conolidalcd VirRinia in a lew wfeka, it is pretty hard lo base miy cal-culauons cal-culauons ivbout.tho real valuo of a - hare, ven it the ground wro all puro silvt-r. Calif.-rnw, wi h 600 foot, wi:l hnvo a capital cap-ital slock of $o-l,000 0U0, divided into 540,000 Rhama. this is 1KH) tbarws to a toot, making each ?hro cover a pitco of ground on sevcnty-Iifth of an inch in thicknosa. Thus, a man owcing one sha'o owns ono sevsnty-tiith of an iri-j'ti of the mine, and ho would htvo to own Sfvouly-tivo shares to own n inch out o' ijOO foot. With pper'of ordinary thi,'k-noa, thi,'k-noa, ani each sh.n-e on a separate certili-oato, certili-oato, if ho set his soventy-iiva stiar-s up ou edge, it would cver all be owned. 1 f thoso stiares sell at only 5 or ? 10 each, tho rcino will havo to bit nwar y puro silver to pay any respectib'e dividend on the citpit.il stock for a yea-. In Consolida'cd Virginia the buyer will own a liule moro ground in proportion propor-tion to tho share: It will have tho same number of shares, and with 710 lout, will Iiuto about 7oJ shares to tho foot, so tint oach share will represent an ownership of about ono sixty-third of an inch in the wbolo mine." in the foregoing calculations calcula-tions we have a clcr evidence of a certain cer-tain Darrownncdedneis which will not allow tho speculations to bs looked at from a totally unprejudiced standpoint. Had thOiB woo propose creating the new si aras permitt-d Lcoinselvea to be influenced in-fluenced by euch considomt ons they would never have broached tue scheme. and a hoit ol speculators, lionet men who dsiro to earn cny a few dollars, would havo been deprived of a fa r Hold for enterprise. To tutor oo questions such aa ;bo returni likely to bo made is to chack enterprise in iho bud; for, a it ii well reuiarktd in the commencement commence-ment of the ariicio from which we havo given lomi portions "Where all lh:s buiiness will end cannot bo eeca, as there is practically no limit to the amount tho capital stock may bo in-creaicd in-creaicd ou paper." Ilor we have exactly ex-actly tho most proni'iiDg pnrt of the wkolo movement, as an unliuiitt-d power of increase will nuturally giva grand scope to future operationF. It mn- hnp-en hnp-en thai the sharas will ultimately fall to a very low value, but, as before eWtei tbt ought never to bo 1'jr a moment cou?iderd. Tne creation i f tho fhtre is tho ch:ef object of inter-st. If it be tuocejsfully carr el out all will ba wed. Tha pr.ntiug and issuing of thoui need not cost nuu'.'1, ar.d the pr.co they fe e i I is u at orally olmjii clear proiit. The Minhij World treats tliia subject sub-ject with quiet s:rcusni, as indicating the smart tie) and originality of the America ti speculators, and consoles the English people who have been taken in by. our mining speculations with the thought that these homco. pathij shares are for home consumption, consump-tion, and that tho American market is now being operated upon. But if any Englishman desires to avail him- j elf of an investment, the following1 list of diluted stock companies U given: i Turn'ng to the li't of mines now t j be I operated u.i on, we find that 'taking the! L'omitock mines, for instance, widen are j listed on tho b ard: Beit aud Belcher, j with Mi feet in tho mine, is divivided; into 100, boo iha'-es; Belcher, with 1,040 fot, has 104,000 share; Bullion, with tM:i feet, ha 100.0U0 shares; California, with 600 ft, ha loS OtH) shares; Cosmo- i potitaD, with 1,000 feet, has 100,) 00; j Cons. Virginia, with 710 feet, lw,000; ! Crown Point, with 000 feet, has 1i.n.i.uk I Davtoo, with 1.&.-0 ft:t. h.u 100.000; Im-I1 venal, with only 1.-0 feet, ba UKt.lKX): Kossuth, with feet, hi-slOS.OOo; Le-Titban, Le-Titban, with 100 Jeet, has loo Oisi; li'xican, with CoO feet, h;is 100,800; Ophir, with li."o feet, bi 100, KM; Silver Central Com., with l,5tl0 feet, has 110,-OtiO; 110,-OtiO; 6 erra Nevada, with '2 G40 let, In 10J.000; Whitman, with 1.K-0 fet. has i 100,0X) shares. Tneee are the principal i cnos caiK-vl on the board which have more ' than 60,000 or tiO.000 iharcs. It will ofi cou-e be iu-t:cvd that ;hdsi.f of tho mine ' K'ars no propor:ion to the number ot hares, and that the number of shares is i not in proportion to the value of the1 Kline.'1 There are thus plenty of shares to dispose of, and no one who has a li'.tl partc.ish need go without having a few, ! if only for rvspocbility sake. I It would be a good thing if the Roy. 3dx. Hammond and bis revival- i ist colleagues, who are now operating i in spiritual stock among tho children : of San FrancLico, would turn their attention to Montgomery street, with the view of oponing up to the stock I gamblers and swindling speculators,; the utter worldliueaa and wickedness 1 ji Iheii occiipiuju. It is a grave qucstiud whether real Christianity can exist in the aamo city where stock-gambling is the leading and modt lucurative bucinesa. Tho San Francisco i'-V, a good authority in mch matters, we presume, answers this question in the negative. It says the Paulist fathers on one eide, and Rev. Mr. Hammond on thj other, undoubtedly believe they are preaching Christianity; but have they read Christ's denunciatiatis of wealthy christians, and his declaration of the impossibility of a rich man entering into tho kingdom of lieaven? The Pvst ad da: Modern clristtanity has rejected this .in.-irln.. it , n.i.'v..r U nreach Christ ind yet k'.i p en g.,od Iprrns with Mam-nun Mam-nun but what 1- the r.-sull? It is tlgnt-n tlgnt-n for its 1 f.', rtitln.ut making any per-;ep:iblea per-;ep:iblea lvance. Wlial do thuse revivaU tinount U'i Dit-uy i roduce any permanent per-manent etieetupon ile character and litu of the c-mui'ini y? Does any ono PYpecl that tht-y will enable us to do W'lb (".war policemen, m.d lc) jail room; thai ihi-v will make it sitier to lend money without security, orgive better guar-ntee nf good faith ina commercial transaction; transac-tion; or g ea'-er tec-rity of honaity in otliee? Hobody xpeois that. K'ght in tint hnart "f our most christian ciii)' are sights which would thnmo a heithea, As Do 1'oesaid, it mourns to 00, that: Where! or Sod erwiti a hou'e of p rayr, Tlio dsvil always baildi oBai.ei ther; iJ it "ill bi f.-u .ii uuoo ex minlion Tzo la-.ter b&i the ltr-t ovDircifaiion. We do not attempt to account for these modern inconsistencies, which are not peculiar to this age or country. They have existed in all the centuries ot the christian era, modined and controlled by surrounding circumstances. circum-stances. This age is perhaps peculiarly noted for its remarkable extremes both in regard to woalth and piety, and tho s:ime spirit of excitement which leads many into the labyrinth ofBtock and card gambling, under other phases of lile may take them into these patent methods of religious conversion which are engineered by speculators like Hammond. It may be that this way of getting an earthly fortune or of acquiring heavenly treasure?! U bcu-T tiun the straight-; straight-; iorwai I, sob; r methods of honest ac I cumulation aud the observance of S the chridiian virtues; but in viewing tbe excesses into which this country is driitinij, one may almost wish for a return of tho K' d old quiet, honest tlnys of the past. |