THE BONANZA MINES.

Inangahua Times, Issue 22, 22 November 1878, Page 3

THE BONANZA MINES.

On Tuenday, July 10, there wn» a »hipm»nt of bullion from tho Bonanisa uii«i«» which completed tho mighty ngnroK«t« of £20,833,333 6a 8,1, or 100,000,000 dollars shipped from those miiio*. Tho «iact fig urea w«re, from tho California, 40,617,552 dollar*, mid from die Cor. Virginia, 59,493.532 dollar* — « total of 10(?,Oll.O85 dollar*. From this imm the California had paid twenty-nix dividends, affffregnlinir 28,080,000 dollnrs, nnd the Con. Virginta baa paid forty-si* divi* vid«nd«, iißgreßatinß 41,040,000 dollar*, making a total of 00,140.000 dollar!. Thdro kayo been, Rinca tho hut dividend w*i d«olArod| ohipmonta amounting <o 070.655 dollar*, which trill swell the tirririendi 440,000 dollam, l«avint{ tho full nmount of dividends (39,580 000 dollnrf, or £14 494,163 13^ 41, being within A 'fraction of 70 \>er cant, of tho wliolo (trot* produot of the raino«- These nro tromflndou* fuures, and Are altogether unpr«codon(od in raining. This nmounfc iim been token from A litllo npot of ground le«H than 809 foot in length, (md from 60 to 300 foot in width. And tlo marvellous dflponitU «fil! yielding princely vurni. As ono looks upon the ii^urcs, ho fjadrt Itimseif wonderinp; why (hero nro tiny poor in thin world, nnd why no long «» gold and Hiker will purchnno any luxury and all rcfisonnblo nrrvice, thore flfe so mnuy who are in poomn'nry dis- ♦ rcsß. Tho ihouglit if cur*d, howoycr, l»y rpflecting that in ell the mining of jflie world no otlior ouch lucrofn wm ovowoa before. F>r iivo yean, from 1867 to 1872, a company worked the ground all Jho time, expending 101,340 dollar*, or £113 440. upon tba property without retlining ono c«nt in return, At lafit it wm forrcd'to Kiro way, and on the 11th of January, 1872, tho property foil to tho present mnnnßeuint. Tlimo mon oxponded 277,160 dollars, or £57.739, on tho pro* jicrty before ronliflintf ono dollar from it. 5Tt wnfl a . Rtubborn fi^ht a^niiiHt tho beat nnd the barron porphyry— a stondy pour* inic out of gold on a hope, which cori> (tnuad altogethor eight years nnd which would hiivo hcon Abandoned in any othor cuntry but (his, and by any othor class of men in tho world excopt Nevada wineri.-~Mining Vretin.