The Underground World: A mirror of life below the surfaceKnox, Thomas Wallace
History
The Underground World: A mirror of life below the surface
Knox, Thomas Wallace
Caves; Mines and mineral resources; Social history -- 19th century; Tunnels
6. Gold Hill bonanza.—This body extended from the surface to a
depth of 500 feet, and for 300 feet on the vein. Contents, 300,000
tons; value, $10,000,000.
7. Yellow Jacket bonanza.—Discovered on the surface, and extended
downward for over 700 feet. The ore on this body was quite poor,
and never yielded much profit. Its total production was about
$5,000,000.
8. Kentucky bonanza.—300 feet long, 20 feet wide, and 400 feet
deep. This ore was very rich. Contents, 100,000 tons; value,
$10,000,000.
9. Crown Point and Belcher bonanza.—Discovered on the 1,400 foot
level, and extended downward for 600 feet. Is still producing in
the Belcher. Contents, 1,500,000 tons; value, $50,000,000.
10. Consolidated Virginia and California bonanza.—This last and
greatest ore body which the lode has yet developed, was found by
drifting eastward from the 1,500 foot level into what was supposed
to be the last country rock. The bonanza lies above and below
this, and is believed to contain $140,000,000. It extends for
about 700 feet along the vein, is 600 feet in height, and nearly
100 feet in width. Up to the present date, it has yielded over
$30,000,000, though discovered less than two years ago, and is now
producing at the rate of $120,000 per day.
The Comstock now furnishes employment for over 2,000 miners. Its daily
output of ore is nearly 2,000 tons, and its yield, for the year 1877,
will approach $50,000,000. One-half of this (or, more correctly, about
forty-two per cent.) is gold, and the balance silver. When the amount
of ore now in sight is taken out, the lode will have produced in all
something over $300,000,000 in precious metals.
VII.
SPECULATIONS IN NEVADA MINES.
MINING SPECULATIONS.—SWINDLERS IN NEW YORK AND BOSTON.—THE
AUTHOR’S EXPERIENCE.—HOW HE WAS CAUGHT.—THE HOOK AND THE WAY
TO BAIT IT.—LIMITED INVESTMENT.—THE ADVENTURER’S STORY.—FACTS
AND FIGURES.—THE ROMANCE, AND THE SUBSEQUENT REALITY.—ONE
HUNDRED PER CENT. A MONTH.—IRISH DIVIDENDS.—EXPLOSION OF
THE BUBBLE.—THE VICTIMS AND THEIR FATE.—NANKEEN TROUSERS IN
WINTER.—AN ADVENTURER’S EXPERIENCE IN LONDON.—HOW HE CAUGHT A
CAPITALIST.—HELD BY THE GLITTERING EYE.
Public-domain text, read in full here on John Shaqi.
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