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Show MINING PROSPECTS- It U undeniable that the spirit of speculation has rctarJcd the mineral d..v.-lopciuont of thi? Territory. To real re-al Ue the '-flush times" that signalize an era in the history of all rich mining KKions, wc must produce as well ae speculate. Our mines have steadily improved io value with development, but mill there arc complaints of a bo-ireity of.mooey, and "hard times" cry in olioriu, ciiocm and mining brokers. brok-ers. True, money ia scarce, but it is because the profiw of speculation, have bicn expended elsewhere. Wo are not dispos-'d to grumble at speculation, for it Ualwayd incident, and often advantageously, advan-tageously, to the business of ruining ; nor are wo disposed to become disheartened dis-heartened becauao of the dullness of tho summer's transactions in minoe. If the dullness resulted from a giving out of tho mines from a diminution of mineral wealth from the surface down, there would bo cause for becoming despondent. des-pondent. Hut suoh is not the fact. Although the mineral wealth of tho country has been alowly developed, onough has been done to give positive asauratioo that our Torritory is one of tho richest mineral regions in the world, and the amouut of bullion produced produ-ced is daily increasing. It was unreasonable unreason-able to expect that we should escape the drawbacks and difficulties inoident to tho opening up of ail now silver producing pro-ducing districts; and wo are overcoming overcom-ing them, if not as fast as we might have done, yet, all oiroumstances considered, con-sidered, as rapidly and as surely as we had cause to expect. By degrees the mines aro getting into the possession of those who "mean business," 0" men who expect to mako their profits from legitimately workiog;instoad of speculating specula-ting upon them. To maintain speculation specu-lation there must bo production, a faot that a short period of speculation upon excitement and reputation, will bring homo to speculators themselves, and thoy will of necessity become, in part, producers. They are even becoming bo now, and a mining speculator is always al-ways ono of the boldest in developing mining property. The speculators have explored the Comstock lodo at Virginia, 1S00 feet deep, against tho disheartening effect of loDg continued borascoi and assessments. Tho men who amass small fortunes, by the slow accrciions of a lifetime, would never have accomplished it. Upon the whole, the development of the mineral wealth of Utah is progressing finely, and as wo have heretofore said, within five years this Territory will rank as a silver sil-ver producing region with the State of Nevada. |