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Show mining review. inter-mounta- in AND WESTERN MINING RECORD. voted to the Mining: and Smelting: Interests of the I), Published Weekly by Alex Hyslop, 212 Inter-Mounta- in West. Atlas Block. TERMS: Payable in advance. fear One $2.00 1.00 50 Months Xhr- To Months - f"reig:ii 3 MINING REVIEW. INTER-MOUNTA- IN countries except Mexico and Canada, $3 per year, postage prepaid. Entered at the Salt Lake Postoiiice as second-clas- s matter. THE CYANIDE DECISION. The comments of the scientific and technical press on the recent decision of the High Court of the Transvaal, annulling the patent to the cyanide process, are not nearly so amusing as those of the country press. Ssme of the latter seem to be in utter ignorance of the geographical or political divisions of the earth, and refer to the decision as if it had been made by a United States court, and had annulled the patent in this country. Here is one of those gems from an Idaho paper: As the process is mainly benificial to low grade ore and tailings this is an enormous advantage which our gold miners will not be slow to avail themselves of, and the owners of claims on the Big Camas gold belt will probably not be the last to benefit by the decision. Here is an enormous advantage to our gold miners, coming from a decision from a court of a foreign nation, and the field is SvN Francisco Office; 64 and 65 Merchants' Exchange, where this pape enlarged for the owners of claims on the Big Camas gold belt is kept on file. Advertising contracts can by made with E. C. Dake. Agent. because, in a little South African republic the legal restrictions to Chicago Office: 761 Monadnock Building. the use of cyanide have been removed, at the same time the patent remaining valid in all other nations in which it has been granted. SALT LAKE CITY, UTAH Dec. 3, 1896. It is difficult to account for this ignorance of a subject on which the literature I.as been unusually voluminous. The decision of the An idea of the value and importance of the recently discovered High Court of the Transvaal on the cyanide patent applies to its use in that Republic only, and has no more bearing on the use of ore body in the Humbug mine at Tintic, can be obtained when it the process in the United States than would an edict from the first is learned that including the shipment which was made on Emperor of China. Of course the fact that the patents have been October ioth last, there have been 5Sotons of ore marketed from declared invalid by the Court of last resort in the Transvaal, will be almost certain to have weight when the question shall come up the mine, which have sold for $62,000. for adjudication in the United States, but until the Supreme Court of the United States has decided as the High Court of the TransHOW GOLD WAS DEPOSITED. vaal has done the owners of claims on the Big Camas will reap An excellent hint to that unscrupulous class, the salters of no benefit from the decision. mines; whose field is happily becoming more limited in the light SELLING TREASURY STOCK. of better and more intelligent investigation of mining properties, came to light in an exhibition recently, before the Imperial InThe history of the development of the famous Le Roi mine in d stitute at Edinburgh, Scotland. The exhibit arose over the Rossland, British Columbia, which is only two years old has paid question as to how gold was driginally deposited in $200,000 dividends in ten months of working, and is now paying quartz, and Mr.J. C. F. Johnson of Port Adelaide, Australia, who dividends at the rate of $20,000 per month, should convey a hint has given much attention to the subject, showed some specimens of to those enterprising representative men who regard the man who rock into which he had introduced gold artificially, attempts to sell treasury stock in an undeveloped mine, as-- horse-thie- s and in such a manner that the experts present were unable to deor a confidence man. The Le Roi was acquired two years tect the handiwork. Mr. Johnson has for years been experimentiago by three or four impecunious lawyers of Spokane, who were ng with the various salts of gold, and the result is some remarka- at their wits end what to do with the property. They offered ble specimens of manufactured auriferous quartz which, when s of it for enough money to maintain three men at work broken, show the gold through every lamination of the rock. for six months, but their offer was spurned by the capitalists. This discovery of how gold was deposited may prove of value in Then they incorporated and sold treasury stock to their acquainsuggesting an economical method for its extraction, but the agents tances, including servant girls, laborers and clerks, and by this of the investors should be guarded that the work of nature is not The result means obtained money enough to develop the mine. copied by those who have gold mines to sell and are not above is allright. The Le Roi is today one of the most important mines in the Kootenai region, and while it has paid $200,000 in divisalting them. dends its output has been so heavy that it has paid for improvements costing more than twice that sum. BIG TUNNEL RECORDS. The fact that a company owning an undeveloped mining locaTunnel records appear to be what the superintendents in tion is selling treasury stock conveys nothing reprehensible, nor charge of big tunnel enterprises are trying to establish these days, does it discredit the property, albeit many imagine themselves and the figures given out are sometimes astonishing. The big shrewd by asking why, if the property is valuable, the company tunnel of the Chicago and Cripple Creek company in Cripple wants to sell stock? The answer is that the company wants the Creek is reported to be advancing at the rate of twelve feet a day, money to make a mine out of the prospect, and that the selling of but as no fractions are given it is reasonable to assume that the treasury stock is the only means at hand to raise that money, just daily rate of progress is nearly twelve feet. The big tunnel of the same as the promoters of a railroad enterprise try to sell their the treasury stock is, of the Butterfield Mining company in this county, was driven for a bonds to build the road. The buyer of blind enough to buy into considerable distance under the management of Air. George W. course, taking chances, but unless he is Keel, at the rate of 1 1.2 feet per day, but this average was lowered one of those concerns which guarantees dividends, his chances would be by his as the tunnel lengthened. The average rate per day, however, are not so desperate. Not any more than they on a ledge that he may have was a remarkably high one, as the total S.2S0 feet were driven in buying a location notice to post 902 days, a daily average of 9.1 feet per day. The best authentic stumbled across and which he might think would be valuable. record yet established is that of Mr. George H. Robinsons Sioux-Aja- x For in either case he cant see into the ground. Buying treasury tunnel in the Tintic district. This tunel was started on May stock is speculation with the chance for absolute loss comparatively out well you receive handsome returns 2?th of this year, a portion of it is nine feet wide and ten feet high small. If the mine turnsit and because the has been put on short allowance of on your investment. If doesnt turn out your loss is a trivial management air the drills could be worked two shifts, or sixteen hours out one. Of course the investor should use ordinary business precauonly f the The rock is hard and breaks short, yet tion, and avoid placing his money in wild-ca- t schemes. Three twenty-four- . of information are necessary in such investments: with all these disadvantages the tunnel has progressed at an aver- essential points age daily rate of 9.2 feet. Had it been possible to run the drills The location of the property; the nature of the title to it; and, the three shifts this the enterprise and who will disburse enterprise would have established the high average character of the men floating feet per day. your money. . much-discusse- non-aurifero- a us two-third- 3-- 8 |