OCR Text |
Show THE RICHMOND MINE. The sale of tho Richmond mine, which adjoins the Eureka Consolidated, Consolidat-ed, in Nevada, iba proof of the readiness readi-ness of European capitalists to invest in miniug property when satisfied that the reports as to the value and cipaci-ty cipaci-ty arc derived from trustworthy sources. The Alia California, in an ariiclo published this week, would in ter that the mine was offered in tho London market through tho " Syndicate," Syndi-cate," or miniug bureau, of which it avers that Sampson, of the London 'limes, is tho strong man. Now tho facts of tho case aro simply these : The mine was bonded to a geutleman for a fixed price, provided he concluded the purchase withiu sixty days. lie hastened to London and placed it iu tho hands of J. M. English, who has been well known for several years a5 an experienced and enterprising operator in mines. This gentleman effected the first sale of a dividend paying mine, the well-known Buckeye, iu Nevada county, to English capitalists. The active- part taken by min in tne introduction intro-duction and construction of tramways in London has gained him the acquaintance and confidence of moneyed mon-eyed men there. So energetically did he tako hold of thb new enterprise that in a very few days ho started for this country in company with the mining min-ing agent, prepared to conclude the purchases. On their arrival at Eureka, Eure-ka, he found that recent developments of the value of tho ore had rendered tho owners iudisposed to ratify the sale, and a somewhat stricter compliance compli-ance with tho proposed terms than had been anticipated was insisted upon. With his usual energy, Mr. English at once telegraphed to London for an additional ad-ditional XJ6,UU0 to pay the first installment. install-ment. Tho telegram was dispatched last Sunday evening, and on Monday morning a telegraphic transfer from London placed the money to his credit here. S. F. Acicslct'.cr. |