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Show A.I ENGLISH VI.W OP AMEEtCAN ' ' JffiNIMO. 1 1 j... i: -i, rid notes an , ,.- ,v. d :' t: .it nnrket to- wa:d.i AuiLi'uj.kii inii.inx shared, and in reviewing the present dovelop-mi;U dovelop-mi;U and production of our mines, (Xjriit.ri U the conclusion that the general gen-eral diotrujt with which mining en-'terpriaeu en-'terpriaeu in the United Status was latterly viewed, resulted from causes ' irnlt'pendunt ot the intrinsic value of the mines themselves. At tho outset many of the properties were overweighted over-weighted by payments much in except) of tho eont price, never intended to be applied to their development, and laro and immediate returns were expected before anything had beon done to mate their returns valuable. The holders became discouraged and a general panic and collapso ensued. While this was raging tho financial criais in Europe and America ect in, and derange-d all branches of business and all classes of indutry, including mining. Still tho reports from the CuniHtock and other profitable mines s ere published, and forced themselves upon the nutice of the English capitalist, capi-talist, and people explained tho rea-aon rea-aon of the difVrence by tho fact of a bolter management, making it evident evi-dent that there was something wrong in connection with the mines be longing to English companies. The World adda: The truth U that tho minora! reso :re, s of lliu A inrican cxitinunt tind few par-all.-la in hi.-t.ry: but it is ruoro particularly particu-larly with th.i rich bdea of tho precious inulals tint English capit-lit3 are in-turc-ted. The rtiiion for this is that in a country where- tho prion of labor U as high hh in Lho United Statrfl, and where all Uioo hor exptmaci connected with mining are in a curnc-pimdinfr rali, tho rctun.H must bo pn.porlionatuly gruat to make any uridertuking prolitable. It id irue that under certain circunietaiices the produelio of tlm baser metals is iu many cases more luerativo than mining , lor gold or silver; but tho latter, from ; doing of vu-y niall bulk and weight in j comparison with tho others, can bo trani-'pirlid trani-'pirlid for lo.g distances whhuuttho cost of enrriniro uiatorinlly tili'iiding their value, which would bo impossible in tho cfinrof tho former. That lho bi'Sor uietaU will oro long bo worked on a largo scale in tho slates, and thai they will bo prolific Fourees of wealth to those who ongngu in the operation, is self-evident, ana lho results which have boon attained in lho ir-niegiona and in tho coipor mines of Lsiku Superior, are proofs ihat opportunity alono is wanting t muko tinterpriio and capital bo turned io that direction. The disturbod linanciftl eon.liiinn nf A meneft durinif the last two years has mUurally prvontod this industry indus-try fro'n being developed; but tho pors s-tt'iU s-tt'iU btudies of tho ditl'orent mineral regions, which are being made at the cost ot lho central and local governments, show that attention is being directed to the subject. It is, indeed, evident from tho fuels adduced Unit tho authorities and those best nccjuiunted with lho conJitiun of tho country look forward to a lime not far distant when lho rich copper, tin, ' y.inc and other lodes will ho regularly and vorous'y worked. At tho present time, the west is pr educing over $-0U, 000 in bullion every day all tho year round. There are 2, 400 mills and reduction works employed in crushing and auiclting tho ores raised. In addition to thaso, 480 coal minos are boing vigo-ously workod ; tolnUl. ilin value of the nuieksilvor pro duced i' 1,000,01.0; ot'thacopper$6,0U0,-000; ot'thacopper$6,0U0,-000; and ol the lead 1,500,000 annually, showing Ihut though tho chiaf attention has been directed lo tho raising ot goid and silver, other metals liava not been overlooked. Tnat so muoh should have w- oHxjilii1iH in tins rfi-necl, under cir. Limsliiiices so liltlo favorable-, is w rlhy of remark. ThUwillbo evident when the totil amount of 1,088,504,001 or nearly -100,000,000 of silver and gold . raised, presenting such strong inducements induce-ments to re-tricting operations to so profitable pro-fitable a field, is borua in mind, and will show lho confidence which the citizens of tho country havo in its mineral miner-al resources- It has been objected that the prices pail for lho minos purchased by English companies was inordinately high, and in Eomo in.-lances this has beon the ca-o; but il may be questioned wh"th-or, wh"th-or, if lurgor amounts had boon retained for working expenses, ovon if added to tho already exorbitant sums gWen, the results would not have beea satisfactory. In some of theinrtances, as, for example, that of theP agstaif, we are informed the yield i" so great that tna neavy cimm oi .Mr. Davis can bo paid otf in a few months' working, aod that tho shareholders, share-holders, after having given up ail hope, may now once moro look l'orward to happier days in the future. Tho same is stated with regard to other concerns, which have hitherto beon equally unfortunate, unfor-tunate, and there are persons who think that better days may even bo in store for tho famous " Emma. " Whether thoe hopes n i-3 justified or not, wo can scarcely scarce-ly say, but ono thing is certain, that ail mining enterprises must naturally partake par-take more or less of a speculate character. char-acter. Should, then, a groat portion ol the hopo entertained prove- fallacious, tho rocogidzod fact of tho enormous known production of American mines in American hands demonstrates the intrinsic in-trinsic value of such property, whilst what Im? been effected in the case of the Richmond, and is reported in that of ihe Eberlumlt and Aurora, show that English Eng-lish management, if properly conducted, mny produce equally happy result!. |