Scientific American Supplement, No. 455, September 20, 1884 eBook

This eBook from the Gutenberg Project consists of approximately 135 pages of information about Scientific American Supplement, No. 455, September 20, 1884.

Scientific American Supplement, No. 455, September 20, 1884 eBook

This eBook from the Gutenberg Project consists of approximately 135 pages of information about Scientific American Supplement, No. 455, September 20, 1884.

The exact quantity of water required to wash every class of gravel is difficult to estimate, but no quantity or pressure would be excessive if properly arranged.  The measurement of water is effected by miner’s inches, by allowing it to flow from the reservoir of the seller to the purchaser through a box 10 or 12 feet square, with divisions to obtain a quiet head, with a slide or opening capable of adjustment to any required measure; thus an opening of 25 inches by 2 inches, with a quiet head of 6 inches above the middle of the orifice, would give 50 inches, or about 89,259 cubic feet of water, flowing during ten hours per day, being an amount necessary for a first-class operation.  The capability of the Excelsior Canal in rainy seasons reached to a delivery in twenty-four hours, to the various mining companies, of 21,120,000 cubic feet of water, or 8,000 miner’s inches, and the value of the water paid for by the Blue Gravel Company in forty-three months ending November 9, 1867, was 157,261 dollars, being at the rate of 15 cents of a dollar per miner’s inch; and the proportion of water used to wash down 989,165 cubic yards of gravel was 17,074,758 cubic yards, or 171/4 cubic yards of water to 1 cubic yard of gravel; and when at work the quantity of gravel daily moved was 1,298 cubic yards, and the estimated cost to move one cubic yard of gravel was 5 and 7/10 cents of a dollar.  But in the face of contingencies the Blue Gravel Company moved 1,000,000 cubic yards of gravel in four years, or at the rate of 250,000 cubic yards per annum, and the cost of washing each cubic yard stands thus: 

Cents. 
Cost of water, at 15 cents per miner’s inch 5.77
Cost of labor, gunpowder, sluices, and
superintendence 16.10
-----
21.87
Or 213/4 cents of a dollar per cubic yard.

Thus the gravel should contain gold to the value of 22 cents of a dollar per cubic yard to cover cost, and the value of the gravel referred to ranged from 20 to 45 cents per cubic yard; and the cost of work done in shafts and tunnels, in the said Blue Gravel Company’s Mining claim, reached 100,000 dollars.  But with the cost of the necessary canals paid for by the Excelsior Water Company apart, the total cost amounted to about 1,000,000 dollars, and we must note that the latter company sold water to other mining companies.

The gross yield in gold of the Blue Gravel Company in four years was 837,399 dollars, and in the year 1866 the returns from the Blue Gravel Company paid all the costs of the developments; but in 1867 assessments were paid by the owners to meet the deficiency arising from the cost of sinking two new shafts, and driving fresh tunnels on the lowest levels, which evidently contain on the bed rock the richest concentrations.

In smaller mining adventures of this description, involving less capital, large profits have been made in the gold-bearing zone treated of, by also not having invested in costly canals, which would not have repaid the latter investment; and thus it is evident that the water companies are dependent blindly on the prosperity of the miners.

Copyrights
Project Gutenberg
Scientific American Supplement, No. 455, September 20, 1884 from Project Gutenberg. Public domain.