THE VOLCANO.
The latest company to come upon the scene of action is the Volcano. It starts out with a good treasury and has started work on its own account. The company owns the Volcano, What Is It, Mound Rock and Red Jacket—in all 25 acres, located on Gold hill due south and adjoining the city limits.
The Volcano was a producer several years ago, but at that time phonolite and basalt dykes were not understood, but at that shipments were made that ran better than four ounces in gold to the ton. The vein from which this ore was taken runs a thousand feet or more on the property, and then enters the Red Bird of the National company.
In fact, National people are largely interested in the Volcano, as W. R. Foley is president and manager. Dan Weyand, vice president, in the directory are most of the men in the National. The company is capitalized at 1,250,000 shares, of which there are in the treasury 350,000 shares. One hundred thousand shares have been sold to people on the inside for $5,000, and if development necessitates it, they will take the remainder at that or a better figure.
A fine plant of machinery has been put over the Volcano shaft, and work on the property will start in earnest this morning.

A two days' jaunt on horseback took me from Rhyolite hill, on the north, to Grouse mountain, on the south, and from Pisgah, on the west, to Wilson creek, on the east, within which boundaries some four thousand claims have been located.
The greater part of those have nothing more than the assessment work done upon them, and in many instances, this has been so indifferently done, and with such an utter abandon and disregard of the statues, that they cannot be held for a moment to comply with the legal requirements.
But, in traversing Ennis, Globe, Gold, Bull, Tenderfoot, Womack, Mineral and a score or more of hills in the district, sources of Cripple, Wilson, Requa, Squaw and other water courses, I came upon scores of properties that were being developed with more or less vigor and intelligence, some with tunnels or inclines, others with shafts or open cuts, and the owners of each full of hope and expectations.
Among those having already good indications of mineral is the Volcano.