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Show THE MINE SALE. Mr. Jay Cooke, 0 Philadelphia, telegraphs from Chicago, to Mr, Alex. Majors, of this city, that the contract placing oue-b.alf of Ihe Horn Silver mine, Frisco district, baa been signed lu all (ho nrtii.0 ThllH llitl Ailla of a hull interest in the famous mineral deposit has been consummated, ibe negotiations having bean going un lor about a year. The price paid is $2,500,000 for the half of the mine, theorigiual owners, MeBera. Campbell, CullenA Co., retaining the other half. These figures Beern almost fabulous, in view of the maoy mining swindles of a few years ago, which brought the important iudusl-ry into such disrepute dis-repute After European and eastern , capitalitta had been eo mercilessly bitten in the purchase of Utah properties, the thought oF disposing of a mine in this territory for any Buch turn was regarded aa very nearly akin to insanity. Yet thia sale is bona J'ule, and its iouau carnation ca-rnation is of great importance to the territory, both because of the amount of money immediately involved, and as showing a restoration of confidence iu the mines of Utah, When far-seeing far-seeing capitalists, after a thorough investigation, will invest 0 muoh money in an enterprise that may be regarded as semi-speculative in its character, it tells of a faith that has a reasonably firm base upon which il rests. In this instance there is every reason to believe the investors will not regret their venture. The Horn Silver, or Bonanza, na it ia familiarly known, ie unquestionably one ol the moat woudertul and expensive silver-lead ledgea in the world. People who have visited the mine all express excited astonishment at the vastus nf tho vein, and come uway am zt-.d. Credulity is often taxrd by the descriptions of the ore b'dy. One reliable Kiuillenian familiar fami-liar with the mine, recently said to us that he could haidly bilieve himself when telling of the extent of the ledge. A year or two , ago when a Herald correspondent syoko of the lode as bavint "neither sides nor bottom,": we questioned tbo propriety ol allow iug the extrdVMg.uit expression to go into the pftpr. It set'im that none ol the pr.nso tvrlDrtvJ had h:en out of the w.iy. Wuib iht iifjiniiulions j for the milu ol tlie property wire pend I iog two or three surveys and "expert" j examinations of the mine were made, and the result of those investigations was tho convincing proof that closed tho bargain. We can hardly credit tho stories circulated about five million, mil-lion, ten million, and even fifteen million dollars being "in aight,"butl it is certain that enough appear to bring About 0.1 e oi me Urgrst, ir not tho largest genuine investment in L'tivh mining property that baa ever been made. Tne sum directly involved in-volved iu the transaction cannot be Uva than $7,000,000, ha tlie e'e of tlie mine was nitric contintPut upon the couetruction of nearly 150 ruiks of railroad. The companies for the buiUiiig of the road are already or-tianixsd or-tianixsd and prepared to en ahead with the line as aeon as the milder weather of epriug 00 rues, and it is understood will have the cara running run-ning to tbe vicinity of the miue before be-fore the end of the summer. It is true tho Utah Southern would have been extended bad thero been no Horn Silver mine, but the Utter ha hastened the priiircea by prl eome years, and in rvn. t j! i.t figures 1-irgtly in u.e rmd itself. Many of the leadiug cpitrtli-ts and financiers of this city un: interested in the rai!rod project. They are men who are cautious in their investments, who move slowly an I uot w.L,.0Lit in-i telligence. All of whih : uvidenoe conclusive that tbe permanent wealth of tlie ecu tborn mines iu genetal, and the Horn Silver iu particular, is firmly believed in at home as well as abroad. Ibis sale may be rci:JeJ as highly important to the tm it )ry, and as marking ch!rg' ior the bsltar in iocnl nuuiug industry. We think it bodies belter tiuns here, aaule from the iraprovemeut that wiil necc-sr,ly fol'ow the expenditure of I'V j a largo earn o; auujy ..1 t near future. The Horn Silver is only one a remarkable one it ia admitted of scores of wido and rich mineral ledgea in the mountains of Utah. Tho confidence of eastern, capitalists being sufficiently firm to induce the invetttmeut of so much money in a n.ine here, it is not unreasonable to expect other prjpertii's will be examined, ex-amined, purchased and developed. Ibis is certain to bo tbo ca.ie if the Fri-co letfgo shall prove as re munerative as to nil human appearance ap-pearance it will do. We have to congratulate Mr. Alex. Major upon the fucceaa that nan fioally crowned hi cfbih in n'olialine; the sale of tho Horn Silver. The gentleman gentle-man has been working in tho matter for the past year, and it ia mainly due to hia energy and perseverance that the sale has been consummated. The miue will bo stocked at $10,000,-000, $10,000,-000, tbe limit under the territorial Btatulo, the number of aharea being 400,000. And everybody will sincerely sin-cerely hopo that the properly will fulfill its promisee, and not disappoint disap-point the public and invoolore. |