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Updated: June 2, 2025
Oro and Gildenstein, the celebrated assayers, have found that a sample of rock from the Golden Mint Mine, Golconda, assays at the rate of 2,546 oz. 13 dwt. and 21 gr. to the ton, and that there are thousands of tons of similar stone in sight, the statement should be received with due caution. The assay is doubtless correct, but the deductions therefrom are most misleading.
On the authority of such assays its newspaper correspondents were frothing about rock worth four and seven thousand dollars a ton!
From primal assays alone, coupled with the development of the mine and public confidence in the continuance of effort, the stock had reared itself to eight hundred dollars market value. I do not know that one ton of the ore has been converted into current metal. I do know that there are many lodes in this section that surpass the Sheba in primal assay value.
In his answer, which I'll show you, he took all the blame to himself, just as I anticipated he would, and he's so tickled to death over the showing made by the assays that he's coming out here himself to see about development. So I'm afraid you're going to lose your job." "I'm not sorry to go home. But I'm sorry to leave the Hills."
I have seen men hunt over a pile of nearly worthless quartz for an hour, and at last find a little piece as large as a filbert, which was rich in gold and silver and this was reserved for a fire-assay! Of course the fire-assay would demonstrate that a ton of such rock would yield hundreds of dollars and on such assays many an utterly worthless mine was sold.
An old prospector had been equipped and sent out by a few gentlemen, and he had found outcroppings of silver in a range of hills extending not less than three miles. Assays had been made of the ores, and they were found to be very rich. All the timber and waterpower of Deep Spring Valley had been taken up for the company under the general and local preemption and mining laws. It was a big thing.
"My God, Jimmie!" he choked, "it's it's a bonanza!" The next step was to have authoritative assays made, and together we took the two small sacks of ore to the sampling works, which, at that time, were running day and night. We waited in the office while the tests were being made. The result, which came to us well past midnight, was enough to upset the equanimity of a wooden Indian.
The work is evidently right in the line of his profession, and therefore congenial; and even though you should pay him no more salary than Benson, that, with outside work in the way of assays for neighboring camps, will be better than any business interest you would give him short of twelve or eighteen months at least." "I guess you're right, and I'll give him the place; but hang it all!
From tax on circulation and deposits of national banks 9,111,008.85 From profits on coinage, bullion deposits, and assays 4,460,205.17 From other sources 17,333,637.60 Total 398,287,581.95 For the same period the ordinary expenditures were: For civil expenses $22,343,285.76 For foreign intercourse 2,419,275.24 For Indians 7,362,590.34 For Pensions 66,012,573.64
Its owner assays to take a ride on it; but the best he can do is to wabble around a vacant space in front of the hotel, the awkward motions of the old bone-shaker affording intense amusement to the crowd.
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