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Show ST. 1,003 .fEIXKNU CAPITALISTS. CAPITAL-ISTS. Of late there appears to have been a decided awakening of interest in mining adventures among St. Louis capitalists. Not only has much greater attention been paid to the mineral resources of this State; the iron, lead, nickel, tin and zinc known to exist in such vast quantities in the southern ranee of counties, but investments in-vestments have been made on an enormous scale in tho gold and silver mines of California, Arizona, Colorado, Color-ado, I'tah, and other western fields. Djubtles this latter branch of mining min-ing mterprso received a great impetus im-petus through the splendid display of mineral brought horn the territories and placed on exhibition at the fair- of lb71 and 1S7, in impetus which w..s mueh ueeuic.rai.Ld by tho establishment estab-lishment nf silver smelting furnaces near Cheltenham, by when latter means the ores which used to he si lipped aeviv.-s the ocean to be rc-ih'.eed, rc-ih'.eed, arc now run within a ftw miles of the very city in which is , oA-nt. d the hulk of the capital cm- Iployuliu raiding the pree.ous stuir I Irnm its mountain matrix. ! I During the la.-t year or .so a large number of new companies have been funned in tins city, with ci p't.d htocks varying from n lew tbnusand to mil-li mil-li tns of doii.irs, but the class of investment in-vestment whieh seems to have been the un A pnlai is that of suMitut-ing suMitut-ing for the old shaft-sinking system a j p!an fr bnrttig a tunn 1 straight iliri'iigb a liill or innuntain known ; to be well honeyenmhed with !oles of j the jirecious m tab Tlic jiower to do j : tiiis is graut i un I t an act nf Con-lti;s Con-lti;s apjnuviil May 10, 17", by which any pert-nn mining such tun-; ni-l, pruvaimg be docs not conflict; with any olher claims, is entitled to a claim of three thousand feet in width lilt jen hundred (et-t each tide the tunnel and is entitled to work all ores or minf rals struck by such tunnel tun-nel or its side chambers within these limits. Since the passage of the net referred to an immense number of tunnels have been originated; the famnus Emma Hill and the neighboring hills being especially lavi.red for Mich operations, fu Cottonwood Cot-tonwood rafiun, for instance, the Ht. Ld'jLi Mining and Tunnel Company is hard at work, driving a tunnel through promising territory; then followed fol-lowed lho Kmma Tunnel and Mining Company, also a Si. Louis organization, organiza-tion, whieh is as actively engaged in pushing int the famous Emma Hill, on the opposite side of tbo canon; and now an entirely new company, under the title of the Pacific Tunnel Company, has been organized here with Hit1 view of noshing through the fame hill on a dilii-rent Urvul. This latter company held i(n first election of oliieers ia-t Friday with tho follow: fol-low: mr ivsult: J 'resident, cx-Gover-nnr Tn'H. C. Fletcher; Secretary, Thco. W. lbamm. Mr. R.O.Thom(-.scn, R.O.Thom(-.scn, one ol Lu: board of directors, will ctart for Utah in the course of a week lo take charge of the woiks, wliich have already been pushed a considerable consider-able distance into the hill. The level of the new tunnel in irech:e!v on that oi the lower shall ol the Flagstaff mine, which is perhaps tho richest aiU'er mine now known, and v.hieh iti owned by Iirilish capiluli.sls. The , I'aeiCc company have purchased also lho Summit mine, which in already yielding in large (jiiantiticH, and it is tho intention inten-tion ol tho directors losend'sp-aclmens lor ward lo the m incum ot mineralogy, mineral-ogy, now Cnlahli.-hi d on Walnut ft., hi .-.ides making Mich preparations for a show at tho next fair an will convince con-vince the world that St. Jjuia enterprise, enter-prise, energy and capital cannot bo .iiirpa.-sal when centered on a business busi-ness object. To give an idea of tho immense valu eof some of the lodes in tho Eininii Hill, tbn Flagslail mine, ace riling lo the oll'icial icturn made la-t January, bad taken out over JO,-luli) JO,-luli) tuns of i ieh ore, and tho vein was : till increasing in richness tho lower it was worked, while the Kmma Hill it.'i ll is literally covered with mines v.hhh are merely, in a comparative -:o n tie, UiTatehes on tho surface, which indicate the enormous wealth to be I found in iUt interior, wealth which tin si; tunnels are do signed to reach. St. Louis Timcit, |