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THB[Americana - Railroad - Ephemera] Virginia and Truckee Railroad Company Receipt Book, 1870's Nevada and the Comstock Lode Rus
![[Americana - Railroad - Ephemera] Virginia and Truckee Railroad Company Receipt Book, 1870's Nevada and the Comstock Lode Rus](https://s1.img.bidsquare.com/item/xl/3119/3119192.jpeg?t=1EMi5D)
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About Auction
LiveDec 18, 2017 - Dec 19, 2017
Cowan's Auctions dawnie@cowans.com
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- Lot Description
VIRGINIA AND TRUCKEE RAILROAD COMPANY. COMMERCIAL FREIGHT PRINTED AND MANUSCRIPT DOCUMENTS IN BOUND VOLUME.
This Nevada freight company was founded in the 1860's in response to the explosive growth in Nevada in connection with the the discovery of silver at the Comstock Lode. This volume contains a record of activity in the early 1870's.
From Wikipedia: "On Nov. 12, 1869 V&T Engine no. 2, an H.J.Booth 2-6-0, pulled the first car of revenue for the company from Carson City to Gold Hill, a flat car loaded with lumber for the Crown Point Company. This milestone was also marked by the opening of the Crown Point Ravine trestle and the first crossing of the work train, engine No. 1 plus four cars, followed closely behind by engine No. 2, plus four cars (1 revenue). It is assumed that from the 12th to the 18th the railroad laid track (spurs) to service the local mines of Gold Hill, for without the track, you can't get cars in to load. Without cars, you have nothing to haul, and this WAS primarily a freight road. (There is nothing in print to reference this). However, on Nov. 18 1869, engine No. 1 hauled the railroads first revenue train of ore from the Yellow Jacket mine. By December 21, regular scheduled trains were running between Gold Hill and Carson City, hauling wood and lumber up the hill and ore back down to the mills.[5]:138 The first lot of ore from the Yellow Jacket mine and in fact from the Comstock ledge - yet shipped over the railroad was sent down yesterday to the Yellow Jacket mill on Carson River. There were seven car loads of it, about eight and a half tons to the load, not far from 60 tons. This was from the 700 foot level of the old north mine, and dumped directly into the cars, the railroad passing within a few feet of the shaft. It is low grade ore, assaying $26 or $28 to the ton, and will yield under the stamps not far from $17 per ton. It is ore which heretofore was considered too poor to work and was accordingly used to fill up drifts with. The railroad now affords for the first time a chance to work this low grade ore profitably. - Gold Hill Daily News, The first Ore Shipment - Nov 19, 1869. In the chapter above from the Gold Hill Daily News, it states that low grade ore is valued at $26 – $28.00 to the ton. It also states that (after transportation and milling costs, 'yield under the stamps') the result would be around $17.00 to the ton coming back to the mine. Milling rates were about $7/ton. Based on an average of $27/ton of low grade ore, that left a freight cost of $3/ton. That one ton of ore could pay the wages for 3 experienced underground miners and a carpenter for a day. So you use your low grade ore to pay expenses, and reap the profits from the high grade. With the coming of the railroad, a reduction in freight rates for lumber by almost half occurred,[5]:154 and the railroad could haul more material by the trainload, so mining activity would increase, creating more business for the railroad. Sharon's idea of low cost transportation paid off. The railroad had cost $1,750,000 to build, not including the cost of rolling stock or buildings.[4]:14 The V&T ran 30 - 45 trains per day at the height of the Big Bonanza from Carson to Virginia City and Gold Hill. Still primarily a freight railroad, there were 22 locomotives and 361 freight cars in use at the peak of the Virginia and Truckee operations (1876 & 1877), which carried over 400,000 tons of freight per month.[4]:14 This was in contrast to a mere 10 passenger cars."
Binding worn and rubbed, contents Very Good.Condition
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