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Show WESTERN MINING GAZETTEER. flcsferu Jfjjiiitti PLIIthlSIlKI) Wl-U'IK- THE CHRISTY MINES, SILVER REEF. $)azdfccr. run their mines and mill at a loss (if, in. deed, such was the fact) for an entire year. In the New Years edition of the Salt Lake For the present, we reserve further comment Tribune a Silver Beef correspondent furnishes In the upon this seeming inconsistency. an interesting exhibit for 1SS0 respecting the meantime, if the Superintendent or Secretary e of the metal productprecious of the Christy Company will forward us a district. The net profits of the Stormont Com- full and truthful statement covering the numsum down a at set are equal $200,712 pany ber of tons of ore milled, with costs and exthe 1'. DEVOTED TO silver-sandston- GOLD AND SILVER MINING. Advertisers to will please remember lliat four issues are one month. to $1.75 per share, or nearly double par Subscription, postages prepaid: United States and Can penses of extraction and reduction, and also value of the entire capital stock. The Barbee all hda, $3.00 per annum, l'ayublo in advance. contingent, legal and other expenses, toRemittances should bu made by Post Office Order, Hank cfc Walker Company also makes an excellent Draft or Registered Letter, payable to Gazetteer Comcant. gether with the net bullion product for tlm the But from of corresponprofit. Communications in regard to the mining and milling of showing year, we shall he pleased to give them as dents tigures, it would appear that, with the a send off as the facts will warrant. is on the ores solicited. Descriptions of new catnips specially desired. CONTBIUUTORS: Professor J. E. Clayton, Dr W. Dredemeyer, C.E. Major James F. Bradley, Professor J. 11. Morton. &. M.E. Of tlic twenty-ninleading Comstock mines only two paid dividends during the year, amounting to $010, S00 the Opliir and Con. e Virginia. wrong Christy Company, the balance side of the ledger. The statement of costs and expenses of mining and milling Christy ores (the ollicial character of which is vouched lor bv the New York Engineering and Mining Journal) shows the gross amount to have been $15.0-- per ton, while the entire gross bullion yield was only $14.1( per ton of ore treated, thus showing a loss of $1.7S per ton. or a total loss of $25,002 Evi on the 14,400 tons treated lor the year. dentlv, there is a screw loose somewhere; either the Tribune correspondent must have sadly erred in his figures, or there has been grave blundering and much of it. It is not io he presumed for a moment that an old established company like the Christy would have knowingly persisted in running the mill and mines lor a whole year at a loss of $2,000 per month ; and yet such seems to have been if this writer is to he believed. The Comstock lias furnished us many examples of mines worked hv assessments for the beneiit of mill companies. For instance, the Crown l'oint was forced to yield hundreds of thousands of tons of., ore which would not pnv- the price charged for crushing, vet this, ore was regularly shipped to custom mills and . duced to bullion, the deficit charged back to the mine, and the stockholders assessed to meet the deficiency. These mills were the private property of the directors and managers of the mine, and thus the mill companies became rich at the expense of stockholders of the mine. But, of course, nothing of this kind is to he thought of in connection with the Christy; in fact, such conduct would he impracticable and to no purpose (except upon the theory that a Mexican, in the absence of any thing else, will steal his own blanket, just to keep his hand in) because the whole property, mines and mill, is owned jointly by the same company. Besides, their shares have never been listed or sold in the Stock Exchange Board. It is true, however, that strong and continued efforts were made during the greater portion of last year to dispose of the entire property to New York capitalists, hut failing in that, it is understood that tlio property lias been withdrawn from sale, and the superintendent has made up his Of course the cessamind to stay with it. tion of work pending negotiations would doubtless have been construed as a failure in the productiveness of the mines or the grade of the ore, either of which fact becoming known or even surmised, would have fallen with fatal effect upon all attempts at sale. Hence we can see, in this view of the case, a reason for continuing work so long as negotiations were pending, even though the profits arising therefrom should not he large, or even though the work was continued at a loss to the company. However, we cannot believe, without further and corroborative proofs, that such were the considerations that prompted the Christy folks 1 The mines of Chili yielded $20,000,000 in working to the depth of 200 feet, and have yielded $300,000,000 in all. One mine produced $00,000,000 in ten years. Tiie Boston Economist is authority for the statement that : There is now no doubt of m the Emma mine controversy being adjusted on An agreement has been Mr. Parks basis. reached by Mr. Gager with the English shareholders, and the the transfers are to be made in this country. The prospects of the mine are very good. tin-fact- Tiie Denver Mining lleciew copies an article from the Gazetteer in regard to the necessity for a Stock Exchange in this city, and There is much soundness in the sug adds: The prosperity gestions of our eotemporary. x, f and prominence gained by the Stock Exchange . . .. in Denver during its brief existence is u iair exemplification of the usefulness of such an institution. Tiie New York Mining Eeics once more ad- monishes its readers that the wild-cat- s are not yet all dead. It is just possible that the Nexcs speaks more timely than it knows, though lew will question its keen scent for the varmint from afar. Even now, and while the admonition is yet scarce u week old, the treacherous, untamed feline picketh its way Eastward, looking sharply around for unsuspecting bipeds in whom to sheath its cruel and dangerous claws. Forewarned is forearmed; let the Yank beware; And you, oh, Johnny Bull, touch the beast if you dare. Tiie New York Tribune prints over two pages of a tabular statement of the mining industries of the United States. Itsavs: It will he seen from the statistics of the present that the previous year has not been a favora-hl- o one for speculative mining operations. Stocks have as a rule gone down and distrust lias taken the place of buoyant and exaggerated confidence. At the same time, the business regarded as a productive industry, has more than held its own. The number of dividend paying companies has nearly doubled. The total yield of oro is remarkably steady and an exceedingly good percentage lias been earned on capital actually invested in land, machinery and working expenses, while the industry is constantly expanding, conquering almost every month new fields and drawing to itself additional forces in the way of capital and men. ! i ; , good THE PROPER TIME. Many miners are thinking of applying for patents to their claims, and it rather strikes us that the present is the best possible time for making their applications, as the mines are vet in their infancy and the value thereof comparatively unknown. Contestants are less likely to arise for properly before it is thoroughly developed, and a patent once secured the danger of an adverse claim is passed. It makes but little difference whether the adverse partv have a shadow of title or not, if an investor, upon examination, finds that a government title has not been obtained, lie immediately and very naturally concludes that the owner is afraid of applying for fear, of doubt about securing one, especially as it so much enhances the value of the claim. Again, after the patent is obtained it is your property, and it is not necessary to do the regular $100 worth of assessment work annually. Apply for your patents at once and save expensive litigation which is likely to present itself at any moment: for, as a rule, no one cares for u claim so loin-ait does not make a good showing, hut only announce a strike and claimants arise at every hand, based on the most flimsy grounds s imaginable. This is the reason are so reticent in regard to developments while an application for patent is pending, and do not hesitate, often, to positively decline unv in- J formation in regard thereto. Often this opportunity is embraced to black mail, with only the desire of being bought oil. If a claim .is not worth patenting, better give it up at once and start out on a prospecting trip and. save the time being expended in developing it. Many mines in this Territory have been proven to considerable depth and their richness fully established, and who knows when an adverse party will put in a claim ? Instances of this kind may he seen every day. This is certainly the time to act. s mine-owner- a Tiiikty six mines listed on the San Francisco Stock Board have levied assessments and will become delinquent not later than the 2Stli. Tiie monthly meeting of the Directors of the Little Giant M. it M. Co. will he held at the ollice of H. Wagener, this citv, on Mondav next. TiiKannualJinooting of the stockholders of the Alice Gold and Silver Mining Company for the election of otlicers for the ensuing year, will he held at the otlicc of the company, in this citv, on Tuesday next. At a meeting of the Harriet Mining and Milling Co., of Bingham, held in . this city t 1 . M 1 1 I to- - |