602 



NEVADA. 



amonnt of property, the business portion of the 

 town having been almost completely ruined. 



The chief interest in the State of Nevada is 

 the working of her numerous mines. The two 

 most productive ones are called u the Califor- 

 nia " and " the Consolidated Virginia." They 

 are owned by distinct companies, yet are both 

 worked on the same vein on the Comstock lode, 

 within an area representing a surface of less 

 than ten acres. Their gross products in bul- 

 lion during the year ended December 31, 1877, 

 were as follows : 



California mine $18,924.850 2T 



Consolidated Virginia mine 13,724,019 07 



Total. 



Their expenses for salaries and miners' wages 

 in the year were : California mine, $788,012 ; 

 Consolidated Virginia, $615,545.50; total, $1,- 

 403,557.50. About as much more was paid by 

 them to laborers employed in the reducing 

 mills, and in the forests, to furnish them with 

 timber and food. For State, county, and city 

 taxes on the net value of their products in 1877, 

 the California mine paid $461,637.93, and the 

 Consolidated Virginia $282,579.23; together, 

 $744,217.16. All of these payments for ex- 

 penses and taxes make a total of about three 

 and a half million dollars, leaving their net 

 yield at above twenty-nine millions, or at the 

 rate of little less than two and a half millions 

 a month for interest on capital employed and 

 dividends among the stockholders. In 1878 

 their product continued large, though it was 

 much less than in 1877 ; the gross yield of the 

 California for 1878 having been $10,949,078.93. 

 The decrease is owing in great part to the works 

 meantime executed for deeper levels, and the 

 impossibility of extracting ore from them until 

 proper ventilation is secured to render the 

 laborer's life safe from the effects of the great 

 heat which exists there, and which is insup- 

 portable. The aggregate value of gold and sil- 

 ver taken from these two mines within the last 

 five years exceeds one hundred millions of dol- 

 lars. The following facts relate to their early 

 history : 



On the 2d inst. there was a shipment of bullion 

 from the Bonanza mines which completed the aggre- 

 gate of $100,000,000 shipped from those mines. The 

 exact figures were : from the California, $49,517,552.- 

 20; from the Consolidated Virginia, $59,493,532.85; 

 total, $100,011,085.05. From this sum the Califor- 

 nia has paid twenty-six dividends, aggregating $28,- 

 080,000, and the Consolidated Virginia has paid forty- 

 six dividends, aggregating $41,040,000, making a 

 total of $69,140,000 ; or within a fraction of 70 per 

 cent, of the whole gross product of the mines. These 



fftires are altogether unprecedented in mining, 

 us amount has been taken from a little spot of 

 ground less than 800 feet in length, and from 60 to 

 feet m width ; and the marvelous deposit is still 

 yielding princely sums. For five years", from 1867 

 to 1872, a company worked the ground all the time, 

 expending $161,340.41 upon the property, without 

 realizing one cent in return. At last it was forced 

 to give way, and on the llth of January, 1872, the 

 property fell to the present management. These 

 men expended $277,150.12 on the property before 

 realizing one dollar from it. It was a stubborn fight 



NEW HAMPSHIRE. 



against the heat and the barren porphyry a steady 

 pouring out of gold on a hope, which continued al- 

 together eight years, and which would have been 

 abandoned in any other country but this, and by 

 any other class of men in the world except Nevada 

 miners. The old stocks (only 108,000 shares for 

 each mine) was worth but two dollars per share, and 

 some who perforce accepted it for services rendered 

 bewailed their hard fortune. At last, in a drift which 

 was run from the Gould and Curry shaft through 

 the Best nd Belcher mine into the Consolidated 

 Virginia, the crest of the bonanza was cut ; explora- 

 tions followed, and the more work was done, the 

 more ore was exposed, until at length, in the au- 

 tumn of 1874, it was fully revealed that an ore de- 

 posit had been discovered that exceeded in extent 

 and richness anything ever found before in a mine. 

 On October 18, 1873, the first shipment of bullion 

 from the Consolidated Virginia was made ; and now 

 the product has exceeded $100,000,000, almost sev- 

 en tenths of which have been profits. Of the whole 

 amount about 45 per cent, has been gold, and 55 per 

 cent, silver. 



NEW HAMPSHIRE. The Republicans of 

 this State met in convention at Concord on 

 January 9, 1878, to nominate their candidates 

 for Governor and Railroad Commissioner for 

 the election of March ensuing the last election 

 to be held in New Hampshire under the old 

 Organic Law of 1792. The nominations were 

 as follows : for Governor, Benjamin F. Pres- 

 cott, of Epping; for Railroad Commissioner, 

 David E. Willard, of Orford. 



The following resolutions were adopted : 



Resolved, That the Republicans of New Hampshire 

 reaffirm and readopt the Cincinnati platform, which 

 pledged the party to these declarations and princi- 

 ples, to wit : The United States of America is a na- 

 tion ; th'e full protection of all citizens in the lull 

 enjoyment of all their rights ; the permanent pacifica- 

 tion of the Southern section of the Union ; the re- 

 demption of United States notes in coin by a contin- 

 uous and steady progress to specie payments^; that 

 Senators and Representatives, who may be judges 

 and accusers, should not dictate appointments to 

 offices, the invariable rule for appointments to have 

 reference to honesty, fidelity, and capability of ap- 

 pointees, leaving to the party in power those places 

 where the harmony and vigor of the Administration 

 requires its policy to be represented ; the depreca- 

 tion of all sectional feelings and tendencies; the 

 speedy, thorough, and unsparing prosecution and 

 punishment of all who betray official trusts ; opposi- 

 tion to further land grants to corporations and mo- 

 nopolies ; the adjustment of duties upon imports^ for 

 revenue so as to promote the interest of American 

 labor and advance the prosperity of the whole people. 



Resolved, That we recognize the paramount duty of 

 President Hayes to render these high and solemn 

 professions actual and living realities ; and, while we 

 admit an honest difference of opinion in respect to 

 his past acts, we welcome and approve his patriotic 

 and sincere efforts to keep faith with the people^and 

 secure to the whole country the blessings of a .just, 

 efficient, and honest Republican national adminis- 

 tration. 



Resolved, That we condemn as recreant and ruin- 

 ous the second attempt of the Democratic House of 

 Representatives to destroy the resumption act, and 

 thus render abortive years of anxiety and waiting 

 and praying to make the greenback dollar the equal 

 of the gold dollar in its capacity to reward labor and 

 pay the public creditor. . 



Resolved, That we disapprove and denounce pny 

 legislation, open or disguised, tending to repudiate 

 the public debt in whole or in part ; that we deem a 

 change in the standard of values by making the de- 



