THE COMSTOCK MINES. 



177 



wanting ; but tlie table shows the sum total of the receipts from ore, the 

 assessments and dividends, from the date of organization to May 31, 1869. 



Statement showing the operations of the Chollar-Potosi Mi7iing Company during three years ending May^i, 1869. 









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<u 









ft 



S 2 













'O 



a; 



ra 



a 

 



■" bo 



2 ti 



2 



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q 



° -a 



a 







^1 



(^ a 





 b/) 







53 -S 

 





a 



a 



V) 

 13 





















^ ^ 





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H 



H 



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Previous to May 31, 1866 - 















$917,981 



56 



$280, 000 





During year ending May 31, 



1867 



57) 799 



57,799 



$6 39 



$14 97 



$25 73 



1,348,323 



13 



. - . 



$70,000 



During year ending May 31, 



1868 



701 331 



-^ 77, 957 



6 93 



14 75 



24 14 



1,905,421 



49 



182,000 



350,000 



During year ending May 31, 

 Xotal ------- 



1869 



44,900 



3 46, 867 



7 94 



13 15 



23 70 



1,185,141 



92 



- - - 



c 42, 000 



173,030 



182,623 



- - 



- - 



- - 



5,356,868 



10 



462,000 



1:462, OOP 







a. This cost includes dead worlc and prospecting in new shaft. See pages 155 and 156. 



i. Including some ore taken out by contractors on tribute. 



c. Later in same year, 1869, six other dividends, amounting to $252,000, or $9 per share, were paid to stockholders. 



The Chollar-Potosi is the southernmost of the mines situated on the 

 Virginia group of bonanzas. Beyond it, in a southerly direction, the ground 

 becomes poor and continues so for a distance of 1,000 or 1,500 feet. Within 

 these limits is situated the claim of the Bullion company, the southern neigh- 

 bor of the Chollar-Potosi. This mine has been most persistently explored 

 without any very encouraging result. The claim is 940 feet in length, meas- 

 ured on the course of the lode. A shaft has been sunk upon it, vertically, 

 until reaching the west wall at a depth of about 800 feet, and then inclined 

 with the vein several hundred feet further, so that the whole vertical depth 

 of the explorations is about 1,200 or 1,300 feet. Prospecting drifts have 

 been made at successive levels, developing large bodies of quartz, but gen- 

 erally too poor to pay for extraction. During the several years that it has 

 been worked the product has been practically nothing ; according to the 

 statements of the treasurer of the company it does not exceed $1,000. 



In 1868 the assessments were $100,000 ; in 1869 they were $67,500 ; 

 and the total amount of assessments is more than $1,000,000. Operations 

 were stiU in progress in the summer of 1869 ; but they have recently been 

 suspended, according to newspaper reports. 

 23 



